Quarterly National Accounts (4th quarter 2022)

The fourth quarter of 2022 was marked by sustained growth in economic activity,
reflected in a GDP growth rate of 3.9% compared to the same quarter of 2021.

On the supply side, this evolution is reflected in the good performance of the three sectors of activity, which each make a positive contribution, although the dynamics are slowing down in the primary and tertiary sectors unlike the secondary sector, Indeed, compared to the same period in 2021, the primary and secondary sectors contribute GDP growth for the quarter by 0.5 points and 0.7 points respectively, while the tertiary sector continuesto be the engine of economic growth, with a contribution of 2.3 points. The performance of the primary sector is a consequence of the good performance observed in the forestry and forestry (0.2 points) and industrial and export agriculture (0.1 points). On the other hand Activity was almost stable in the branches of subsistence agriculture and livestock, hunting and fishing. In the secondary sector, the crude oil and natural gas extraction branch returned to positive growth in the this quarter after more than eight quarters of recession. Also, all the other branches of secondary school have done well Particularly electricity generation and distribution and buildings and public works, while other manufacturing and agri-food industries decelerated. The tertiary sector remained the engine of growth during the quarter, all its branches of activity contributed to this good performance by making positive contributions to growth, particularly the trade and repair branch (0.7 percentage points), transport (0.3 percentage points), financial services (0.2 percentage points) and non-market services of the Public Administration.

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