HCP: Economic growth of 15.2% in the second quarter

HCP. DR

The closing of the national accounts shows a growth of the national economy at 15.2% in the second quarter of 2021 (Q2-2021), instead of a sharp drop of 14.2% during the same quarter of the year. previous, indicates the High Commission for Planning (HCP).

“Taking into account the 14.5% increase in taxes on income net of subsidies, the Gross Domestic Product (GDP) in volume recorded a rebound of 15.2% during the second quarter of 2021 instead of a recession of 14.2% a year ago ”, underlines the HCP which has just published an information note on the national economic situation during Q2-2021. This rebound is the result of a sharp increase of 18.6% in agricultural activity and 14.8% in non-agricultural activities, notes the HCP, adding that driven by domestic demand, this growth was achieved in the context of controlled inflation and a worsening of the financing needs of the national economy.

In detail, the HCP reports that the value added in volume of the primary sector, after adjusting for seasonal variations, increased by 21.8% during the second quarter of the year 2021 instead of a decrease of 6, 1% achieved during the same period in 2020. This change is due to the increase in agricultural activity of 18.6% instead of a decrease of 7.6% a year earlier and that of fishing 57.9% instead of 10.5%.

For its part, the added value of the secondary sector increased by 19.5% after a decline of 15.6% in the second quarter of the previous year, notes the HCP.

This rebound was the result of the drop in value added in the extractive industry by 1.1% instead of an increase of 7.8%, combined with an increase in the activities of the processing industries, with 22.8% instead of a decrease of 20.8%, of building and public works, with 21.9% instead of a decrease of 12.4%, as well as of electricity and water, with 15.5% instead of a drop of 11.5%.

The added value of the tertiary sector, for its part, posted an increase of 11.6% after falling by 14.6% in the same quarter of 2020, notes the note. It was marked by the increase in the activities of hotels and restaurants, with 82.1% instead of a sharp drop of 90.6%, of transport, with 42.5% instead of a sharp drop of 60, 4%, trade, with 30.2% instead of a drop of 25.5%, services provided to households and businesses, with 16.8% instead of a drop of 8.5% and financial services and insurance, with 0.2% instead of a decline of 0.1%.

It was also marked by the slowdown in the activities of services rendered by the general public administration and social security to 2.9% instead of 4% and of education, health and social action services. at 1.9% instead of 2.7%.

In addition, the HCP specifies that at current prices, the GDP increased by 16.8% during the second quarter of 2021, noting therefore that “The increase in the general level of prices was 1.6% instead of a drop of 0.4% a year earlier”.

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