This upturn is the result of a 17.8% increase in agricultural activity, following an exceptional agricultural season, and a 6.6% rise in non-agricultural activities, explains the HCP, which has just released an information note on the provisional national accounts for the year 2021.
Driven by domestic demand, this growth was achieved in a context of high inflation and an increase in the financing needs of the national economy, notes the same source.
In detail, the primary sector has recorded a growth of 17.6%, following the increase in the activity of agriculture (+17.8%) and fisheries (+12.7%).
The value added of the secondary sector increased by 6.8% due to the improvement in the value added of construction and public works (10.7%), "Electricity, gas, water, sanitation and waste" (6.5%) and manufacturing industries (6.1%).
The value added of the service sector has posted a 6.4% increase against a 7.9% drop in 2020. It was marked by an increase in the activities of accommodation and catering (31.6%), transport and storage (15.2%), research and development and business services (10%), vehicle trade and repair (7.9%), financing and insurance (4.6%), real estate (3%) and education, health and social action (3%).
The national gross domestic product (GDP) rose sharply by 11.4% in 2021 compared to a 7.1% decline a year earlier. This resulted in a sharp rise in the general price level to 3.2% in 2021 up from 0.1% in 2020.
Source: Agency Morocaine De Presse