The fourth quarter of 2023 is marked by growth in economic activity, reflected in a GDP evolution of 3.1% compared to the same quarter of 2022.
On the supply side, this development is the result of good momentum in the three business segments, each
of which recorded a positive development and a significant contribution to growth in the quarter. The primary and tertiary
sectors grew and contributed 0.6 points and 1.8 points respectively to the quarter’s growth. The secondary sector slowed down with a contribution of 0.4 points to growth. The performance achieved in the primary sector is explained by the good performance of activities in all branches, particularly forestry and forestry, which contributed 0.5 points to the quarter’s growth, while the other branches, despite their positive dynamic, are slightly slower in their growth rate. In the secondary sector, the crude oil and natural gas extraction branch recorded a negative contribution of 0.2 points to growth. However, all other branches of secondary performed well during the quarter, particularly the other manufacturing industries branch with a growth of 4.9% and 0.3 contribution points and buildings and public works with a growth of 3.4% and 0.2 contribution points. The tertiary sector remains the engine of growth during this quarter, All branches of the sector contribute to this good performance with positive contributions to growth, in particular transport (0.5 points), information and telecommunications (0.2 points), financial services (0.3 points) and non-market services of the Public Administration (0.3 points).
