The growth of the Gross Domestic Product (GDP) in the third quarter of 2011 is estimated at 1.5% at constant prices and year on year, compared with the same period of last year, Central Director of the National Accountancy Department at the National Statistics Institute (NSI) Mohamed Adel Souidene told TAP news agency.
From last January to March, the GDP recorded a minus 7.9% drop then went up by 4.6% during the second quarter. Compared with the first half-year of 2011, the GDP growth was estimated at 3.8% from July to September.
This growth, according to Mr. Souidene, was the result of the economic sectors’ improved output.
The sectors of agriculture and fisheries recorded a 9.5-per-cent growth during the third quarter of 2011. The same for the manufacturing industries which climbed by 4.5%, while processed food posted a rise of 5%, and electrical and mechanical industries and textile-clothing rose by 6% and 8% respectively.
The services sector, however, went down by 0.5%, in spite of the 3% recovery recorded in trade.
The two sectors which kept a constant and positive growth rate during the third quarter are the post and telecommunications (+12%) and the civil services (+5%). These sectors’ contribution to GDP reached 2.97% and 10.2%, respectively.
The GDP growth indicators during the third quarter of this year will be made public by the NSI next November.