Home » Economy » HCP: IMPROVING SAVINGS AND 10 RATINGS FOR THE NATIONAL ACCOUNTS OF THE INSTITUTIONAL SECTORS

HCP: IMPROVING SAVINGS AND 10 RATINGS FOR THE NATIONAL ACCOUNTS OF THE INSTITUTIONAL SECTORS

by Alexandra Hartman Editor-in-Chief

HIBAPRESS-RABAT-HCP

According to the High Commission for Planning (HCP), national savings reached 369.6 billion dirhams (MMDH) in 2021, an improvement of 16.2% compared to 2020

On the other hand, the High Commission for Planning (HCP) has established a note relating to the national accounts of the institutional sectors for the year 2021 in 10 points:

  1. The gross domestic product (GDP) in value increased by 11.4% to 1,284.2 billion dirhams (MMDH).

2-The corporate sector (financial and non-financial), the leading producer of national wealth, showed a slight improvement in its contribution to GDP, from 43.6% in 2020 to 44.2%.

3-The contribution of households and non-profit institutions serving households (NPISH) stood at 29.7% of GDP.

4-The contribution of public administrations stood at 15.8% of GDP.

5-Gross National Disposable Income (GNDI) increased by 12.2% to 1,371.7 billion dirhams.

6-Households: The gross disposable income (GDI) of households increased by 10.3% to 875.1 billion dirhams (MMDH).

-The household savings rate stood at 14.1% in 2021, while social transfers in kind increased by 3.6%.

– Household purchasing power improved to 7.8% following a sharp drop of 5.3% recorded in 2020.

– Per capita disposable income reached 24,098.1 dirhams.

– Household debt (including individual entrepreneurs) with banks has, for its part, marked a remarkable increase, rising from 14.8 billion dirhams in 2020 to 20.4 billion dirhams in 2021.

7-National savings reached 369.6 billion dirhams (MMDH).

8-Gross fixed capital formation (GFCF) stood at 346.9 billion dirhams, up 14.8% compared to 2020.

9-The financing need was 29.1 billion dirhams in 2021 and represented 2.3% of GDP.

10-The net flow of loans granted to NFCs recorded 1.2 billion dirhams (MMDH).

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