Domestic demand boosts growth

Domestic demand grew by 8.3% in the third quarter of 2021 instead of a drop of 6.5% in the same period of 2020. This demand, notes the HCP, thus contributed 8 , 8 points to national economic growth instead of a negative contribution of 7 points.

In this context, household final consumption expenditure increased by 5.8% instead of a decrease of 5.7%, contributing 3.2 points to growth instead of a negative contribution of 3 , 1 points, said the same source, adding that the final consumption of general government showed an increase of 5.2% instead of 3.7%, with a contribution to growth of 1.1 points instead of 0 , 7 point.

For its part, gross investment (gross fixed capital formation and change in inventories) recorded an increase of 15.1% instead of a sharp drop of 13.9%, with a contribution to growth of 4. 5 points instead of a negative contribution of 4.6 points, during the same quarter of the previous year.
On the other hand, the HCP notes that foreign trade in goods and services made a negative contribution to growth, standing at 1.1 point instead of a positive contribution of 0.3 point in the same quarter of the previous year. .

Imports of goods and services increased by 13.4% in the third quarter of 2021 instead of a decrease of 11.7%, with a contribution to negative growth of 5.7 points instead of a contribution positive 5.6 points. For their part, exports increased by 13% instead of a decrease of 13.3%, with a contribution to growth of 4.7 points instead of a negative contribution of 5.3 points, a past year. .

In addition, the HCP note notes that gross investment reached 30.4% of Gross Domestic Product (GDP) instead of 26.7% during the same quarter of the previous year, specifying that the financing need of the national economy thus experienced a slight decline, from 0.9% of GDP to 0.5%.

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