Lhe added value of the primary sector, in volume, increased by 1.6% in 2023 after a sharp drop of 11.8% the previous year. This development is explained by the increase in agricultural activity of 1.4% instead of a drop of 11.3% a year earlier and that of fishing by 7% instead of a drop. by 20.8%.
The added value of the secondary sector, for its part, increased by 1.3% instead of a decrease of 2.7% the previous year. This was the result of the increase in added values:
• manufacturing industry by 2.7% instead of an increase of 0.6%;
• electricity, gas, water, sanitation and waste by 0.7% instead of a drop of 4.4%;
and the decline in those of:
• of the extraction industry by 2.7% instead of a drop of 23%;
• construction and public works by 0.4% instead of a drop of 3.7%.
Furthermore, the added value of the tertiary sector recorded a slowdown in its growth rate, going from 6.8% in 2022 to 4.4%. It was marked by the slowdown in the activities of:
• Accommodation and catering at 23.5% instead of 68%;
• Research and development and services provided to businesses at 5.1% instead of 10.8%;
• Financial services and insurance at 5% instead of 10.2%;
• Information and communication at 3.5% instead of a drop of 3.8%;
• Education, health and social services at 3.4% instead of 6.5%;
• Services provided by general public administration and social security at 2.2% instead of 5%;
and by accelerating the growth of activities:
• transport and warehousing by 5.9% instead of 3.9%;
• real estate services by 3% instead of stagnation;
• trade and repair of vehicles by 1.5% instead of a drop of 0.6%.
In total, the added value of non-agricultural activities saw a slight improvement of 3.5% instead of 3.4% the previous year.
Under these conditions, and taking into account the 4.9% increase in the volume of taxes net of subsidies on products, the Gross Domestic Product (GDP) in volume recorded an increase of 3.4% in the year 2023 instead of 1.5% a year earlier.
Increase in the general price level
At current prices, GDP experienced, under these conditions, an increase of 10% during the year 2023 instead of 4.2% and the increase in the general price level was 6.4% instead of 2. 7% a year ago.
Clear improvement in domestic demand
Domestic demand increased by 3.3% in 2023 instead of a decrease of 1.2% in 2022, thus contributing positively to national economic growth of 3.7 points instead of a negative contribution of 1. 3 point a year ago.
This is how the final consumption expenditure of households and NPISHs increased by 3.9% after stagnation, with a positive contribution to growth of 2.4 points.
For its part, gross investment (gross fixed capital formation, variation in inventories and net acquisition of valuables) experienced an increase rate of 1.5% instead of a decrease of 6% in 2022. , thus contributing positively to growth by 0.5 points instead of a negative contribution of 1.9 points.
The rate of increase in final consumption of public administrations, for its part, showed an increase of 4.1% instead of 3%, with a positive contribution to growth of 0.8 points instead of 0.6 point the previous year.
Negative contribution of foreign trade
In terms of foreign trade, exports of goods and services showed an increase of 8.8% instead of 20.5%, with a contribution to growth of 3.9 points instead of a contribution of 6.8 points last year. Imports, for their part, increased by 7.4% instead of 9.5%, with a negative contribution of 4.2 points instead of a negative contribution of 4 points last year.
In this context, foreign trade in goods and services made a negative contribution of 0.3 points instead of a positive contribution to growth of 2.8 points a year earlier.
Reduction in financing requirements
With the 10% increase in GDP at current prices instead of 4.2% last year and the 7.5% increase in net income received from the rest of the world instead of 10.5%, national income gross available saw a strong acceleration recording an increase rate of 9.7% instead of 5.2% in 2022 to stand at 1,576 billion DH in 2023.
Taking into account the 7.6% increase in national final consumption in value instead of 7.7% recorded a year earlier, national savings stood at 28.2% of GDP instead of 26.7%. %.
With a level of gross investment representing 28.8% of GDP instead of 30.3%, the financing need of the national economy has thus reduced from 3.6% of GDP in 2022 to 0.6 % in 2023.
