March 28, 2023

The High Planning Commission said: “Gross domestic product (GDP) increased by 6.9% from 16.5% a year ago, leading to a 4.9% increase in the general price level compared to 2.3% during the second quarter. from 2022″.

The Delegate explained today, Friday, that “household final consumption expenditure recorded a slowdown in its growth rate as it moved from 13.6 percent in the second quarter of 2021 to 3.2 percent, boosting 1.7 points from from 7.4 points.

In turn, government spending on final consumption increased by 6.7 percent instead of 5.5 percent, providing an increase of 1.3 points compared to a contribution of 1.2 points.

Total investment accumulation (gross fixed capital formation, change in inventories and net acquisition of valuables) decreased by 2.4% instead of growing by 7.3% a year earlier, with a negative contribution to growth of 0.8 points instead of 2.7 points in the same period. chapter last year.

foreign currency

At the foreign exchange level of goods and services in physical terms, both exports and imports recorded significant growth in the second quarter of 2022.

Export of goods and services increased by 36.4 percent instead of 22.4 percent, while the contribution to growth amounted to 11.8 points instead of 6.4 points over the same period last year.

The Delegation explained that imports, in turn, increased by 28.7% instead of 8.3%, with a negative contribution to growth of 12 points instead of a negative contribution of 3.5 points a year earlier.

Foreign exchanges of goods and services recorded a negative contribution to growth by 0.2 points instead of a positive contribution of 2.9 points in the second quarter of 2021.

need for funding

With gross domestic product at current prices up 6.9% versus 16.5% in the second quarter of last year and net income from the rest of the world up 22% versus 15%, total national disposable income slowed down, according to the Planning Commission. , increasing from 16.4% in the same period last year to 7.9% in the second quarter of 2022.

Taking into account the increase in national final consumption at current prices by 9% compared to 14.7% a year earlier, the delegate added, “national savings stabilized at 31.4% of gross domestic product instead of 31.8%”.

In line with the total investment reaching 34% of the gross domestic product, instead of 33.8% in the same quarter last year, the planning delegation claims, “the need for financing the national economy has increased, increasing from 2% in the same quarter last year to 2.6 percent in 2022.”

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