Domestic demand grew by 7.3% in the fourth quarter of 2021 instead of a drop of 4.9% during the same period of 2020, according to the High Commission for Planning (HCP).
This demand contributed 7.8 points to national economic growth instead of a negative contribution of 5.3 points, specifies the HCP in an information note on the national economic situation in Q4-2021.
In this context, household final consumption expenditure increased by 5.1% instead of 0.4%, contributing 3 points to growth instead of 0.2 point.
Likewise, the final consumption of general government showed an increase of 5.2% instead of a drop of 3.5%, with a contribution to growth of 1 point instead of a negative contribution of 0.7 point.
For its part, gross investment (gross fixed capital formation and change in inventories) recorded an increase of 13.1% instead of a sharp drop of 14.7%, with a contribution to growth of 3, 8 points instead of a negative contribution of 4.9 points, during the same quarter of the previous year.
At the same time, the HCP also reports an increase in the general price level of 3.1%, taking into account a 9.7% increase in GDP at current prices instead of a decrease of 3.3%. %.
With regard to imports of goods and services, they rose by 5.3% during the fourth quarter of 2021 instead of a drop of 6.7%. Exports, for their part, increased by 3.1% instead of a drop of 7.7%.
In this context, foreign trade in goods and services made a negative contribution to growth, standing at 1.2 points instead of a positive contribution of 0.2 points in the same quarter of the previous year.