During the first chapter of the year 2025, the national economy witnessed a remarkable improvement in its growth, as the gross domestic product increased by 4.8%, compared to only 3% during the same period of 2024, according to the latest data of the High Commission for Planning.
The delegate said in a memo that “this positive performance” is due to a noticeable recovery in the non -agricultural activities that increased by 4.6%, as well as a remarkable recovery of the agricultural activity, which achieved 4.5%growth.
According to the same memorandum, internal demand contributed mainly to this growth, in light of an economic circumstance characterized by controlling inflation and stability of the need to finance the national economy within the limits of 2% of the gross domestic product.
The delegate stated that the added value of the secondary sector has known a 4.5% development, compared to only 3.2% during the same semester of the past year. This improvement is due to the strong performance of the construction sector and public works, which recorded a rise of 6.3%, the electricity, gas and water sector that increased by 5%, as well as the manufacturing industry, which recorded a growth of 3.4%. On the other hand, the extractive industries recorded a slowdown, as their growth rate moved from 19.1% in 2024 to only 6.7% during the first semester of the current year.
As for the third sector, it recorded a tangible improvement in turn, as its added value increased by 4.7% compared to 3.8% in the same period last year. Within this improvement, the strong growth in the hotel and restaurant sector is 9.7%, in addition to education, health and social work services by 6.2%. The services provided by public departments and social security also improved by 5.3%, and the trade by 4.3%, in addition to the real estate activity that ended the shrinkage path to record a slight increase of 0.8%.
On the other hand, the memorandum indicates that it was noted a slowdown in the performance of some activities within the same sector, the most prominent of which is transportation and storage, whose growth declined to 4%after it was in the range of 6.5%, as well as research, development and services provided to contracting that slowed to 3.9%; While the growth of the media and communication sector did not exceed 0.5%.
Regarding the initial sector, the delegate said that he had returned to a 4.3% positive growth, after he recorded a 4.3% shrinkage during the same chapter last year. This recovery is attributed to the performance of the agricultural sector, which has achieved 4.5%growth, despite the decline in marine fishing activities, which recorded a slight decrease of 0.3%.
The document indicated that at current prices, the gross domestic product increased by 6.9%, compared to 6.8% during the same period in the year 2024, which led to a slowdown in the general level of prices, which decreased to 2.1% instead of 3.8%.
The same source added that the internal demand continued its strong performance, recording an increase of 8% compared to 4% last year, to contribute 8.5 points to economic growth; Among its components highlights the growth of the final consumption of families by 4.4%, compared to 2.8% last year, which contributed 2.6 points to growth. The total investment also witnessed a tangible growth of 17.5%, compared to 4.9% last year, which raised its contribution to 4.9 points. On the other hand, the final consumption expenses of public administrations slowed to 5.2% after they were in the range of 5.5%, which was reflected in its contribution, which amounted to only 0.9 points.
On the level of external exchanges, the memo indicated that exports were slowed from 5.8% to 2.2%, while imports increased by 9.8% compared to 7.6%, which led to a negative contribution to net exchanged exchanges of 3.8 points, compared to only 1.3 points during the same chapter of the past year.
With regard to the financing of the national economy, the delegate highlighted that the total available national income defined growth by 6%, compared to 5.9% in 2024. In light of the increase in national final consumption by 6.7%, the national savings decreased to 26.8% of the gross domestic product instead of 27.6%, while the investment rate increased to 28.8% of the gross domestic product. Thus, the need to finance the national economy reached 2% during the first semester of the year 2025.
These indicators combined refer to a positive economic dynamic, especially in light of the stability of prices and the improvement of investment, despite the pressure that external exchanges are still practiced on the country’s trade balance.
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