This article was automatically translated from HIBAPRESS, the Arabic version:
This article was automatically translated from HIBAPRESS, the Arabic version:
Heba Press
The High Commission for Planning indicated that the results of the national accounts for the third quarter of 2024 showed that national economic growth recorded an improvement in its growth rate, reaching 4.3% instead of 3% during the same period. period in 2023.
The delegation explained in an information note on the national economic situation during the third quarter of 2024 that domestic demand constitutes a locomotive for economic growth in a context characterized by the control of inflation and the high need for financing of the national economy.
She added that non-agricultural activities recorded an increase of 5.1 percent, while agricultural activity recorded a decrease of 5.2 percent.
The value added of the secondary sector in volume, seasonally adjusted, increased by 7.6% during the third quarter of 2024 instead of 1.1% during the same period of last year.
The delegation attributed this result to an increase in the added value of extractive industries activities of 15.9 percent, instead of a decrease of 3.3 percent. and manufacturing industry by 7.5 percent instead of 1.8 percent; And construction by 6.9% instead of 0.9%, and the electricity, gas, water and disinfection and waste treatment networks by 3.4% instead of 1.5%.
For its part, the added value of the tertiary sector experienced an increase in its growth rate, going from 3.6% during the same quarter of last year to 3.8%.
It was characterized by an improvement in transport and storage activities of 4 percent instead of 3.1 percent. and services provided by public administrations and social security at a rate of 3.7 percent instead of 1.5 percent; Trade and automobile repair increased by 3.2 percent instead of 1.9 percent, in addition to a slowdown in the added value of hotel and restaurant activities to 11.2 percent instead of 12.5 percent, and research and development and services provided to subcontracting at 4.8 percent instead of 5. 0.4 percent; and financial and insurance services at 3.1 percent instead of 4.1 percent; and education, health and social action services at 2.5 percent instead of 3.2 percent; and real estate activities at 1.8 percent instead of 3 percent; And media and communications at 0.3 percent instead of 2.5 percent.
As a result, the value added of non-agricultural activities increased by 5.1 percent during the third quarter of 2024, instead of 3.1 percent a year earlier.
In contrast, value added in the primary sector decreased by 4.1 percent, instead of an increase of 3.8 percent in the same quarter last year.
This is due to a decrease in the value added of the agricultural sector by 5.2 percent, instead of an increase of 0.9 percent, and an increase in maritime fishing activities by 12 percent.
In this context, and taking into account the increase in the volume of product tax net of subsidies of 8% instead of 4.2%, the gross domestic product in volume recorded an increase of 4.3% instead of by 3% during the third quarter of 2017. the year 2023.
At current prices, gross domestic product increased by 6% instead of 10.2% during the third quarter of 2023, leading to an increase in the general price level of 1.7% instead of 7.2%. during the same quarter last year.
