HCP: Economic growth at 7.9% in 2021

The High Commission for Planning (HCP), has indicated that the national accounts for the year 2021 show growth in the national economy of 7.9%, after a deep recession of 7.2% in 2020 due in particular to the health crisis.

In an information note relating to the provisional national accounts for the year 2021, the HCP explains that this rebound is the result of a sharp increase of 17.8% in agricultural activity, following an exceptional agricultural campaign, and 6.6% of non-agricultural activities.

Driven by domestic demand, this growth was achieved in a context of high inflation and an aggravation of the national economy’s need for financing.

In detail, the primary sector recorded strong growth of 17.6%, following the increase in the activity of agriculture (+17.8%) and that of fishing (+12.7%). , it is pointed out, noting that the added value of the secondary sector has, for its part, experienced an increase of 6.8% due to the improvement of the added values ​​of building and public works (10.7%), “Electricity, gas, water, sanitation and waste” (6.5%) and manufacturing industries (6.1%).

The added value of the tertiary sector posted an increase of 6.4% after a drop of 7.9% in 2020. It was marked by the increase in accommodation and catering activities (31.6 %), transport and warehousing (15.2%), research and development and business services (10%), vehicle trade and repair (7.9%), financial services and insurance (4.6 %), real estate services (3%) and education, health and social action services (3%).

At current prices, the national gross domestic product (GDP) experienced a sharp increase of 11.4% in 2021 instead of a drop of 7.1% a year earlier, thus generating a sharp rise in the general level of prices passing from 0.1% in 2020 to 3.2% in 2021.

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