The third quarter of 2021 was marked by a consolidation of economic activity, resulting in GDP growth of 4.0% compared to the corresponding quarter in 2020.
On the supply side, this result is the result of the good performance of the three sectors. Indeed, the primary sector (4.9%) and the secondary sector (3.6%) each made a contribution of 0.9 points to growth during this quarter, while the tertiary sector (3.7%) recorded a contribution of 1.9 points to growth.
On the demand side, GDP growth in the quarter was supported by all its components. Final consumption, driven by its private component, contributed positively by 2.5 points to GDP growth, while the public component, which fell negatively (-0.2 points). Similarly, sustained demand for both private (1.0 points) and public (0.6 points) investment as well as the continued acceleration in exports (1.5 points) also contributed to consolidating growth in the quarter. On the foreign trade side, the downward trend in the volume of imports (-5.2%), which contrasts with the increase in the volume of exports (9.3%), has contributed to improving the trade balance, which remains in deficit and represents 1.2% of quarterly GDP compared to 3.7% in the same quarter in 2020.
