The national economy would have strengthened by 4.9%, in annual variation, in the fourth quarter of 2021, according to the High Commission for Planning (HCP).
This rise would have been favored by the increase of 19.1% of the agricultural value-added and the increase of 2.9% of that of the non-agricultural activities, explains the HCP in its survey of the Q4-2021 and perspectives for the Q1-2022.
The tertiary branches would have contributed for 1.5 points to the evolution of the gross domestic product (GDP), carried by the good orientation of the activities of trade and public services, the same source says.
The growth of secondary activities, meanwhile, slowed, bringing its contribution to GDP growth to 0.8 points. The industrial value-added would have grown by 2.4%, after 4% a quarter earlier.
In addition, the HCP notes that construction activities would have posted an increase of 6.7%, instead of +17.6% a quarter earlier. The value-added in mining is estimated to have fallen by 4.4% in Q4-2021, in annual variation, after having risen by 5.5% one quarter earlier.
This rise would have been attributable to the slowdown in non-metallic mineral extraction activities, in a context of higher production costs and a clear improvement in selling prices.
Electrical activity increased by 3.6%, compared with 3.8% in the previous quarter, driven by higher electricity production by the National Office of Electricity and Drinking Water (ONEE) and by renewable energy units.
Agricultural activities would have continued to support overall economic growth in Q4-2021, showing an improvement of 19.1%, on an annual basis, instead of +17.7% a quarter earlier, the HCP stresses, noting that this consolidation would have been accompanied by an expansion in the quantities of exports of tomatoes, vegetables, and fresh fruit.
The improvement of agricultural growth would have been attributable, also, to the consolidation of the production of animal sectors, in particular poultry, supported by the increase of more than 20% of the quantities of meat of broiler and turkey treated at the level of the slaughterhouses.
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