You may be trying to access this site from a secured browser on the server. Please enable scripts and reload this page.
Turn on more accessible mode
Turn off more accessible mode
Skip Ribbon Commands
Skip to main content
Turn off Animations
Turn on Animations
Back to GOV portal
Update My Profile
Change My Password
National Accounts Estimates, Sept 2019 Issue
GDP growth rate
GDP at market prices in 2018 grew by 3.8%
GVA at basic prices by 3.6%
, same as in 2017.
Based on information gathered on key sectors of the economy, performance
the first semester of 2019 and taking into consideration policy measures announced in the budget 2019/2020:
GDP at market prices in 2019 would grow by 3.8% instead of 3.9% as forecasted in June 2019; and
GVA at basic prices in 2019 would grow by 3.5% instead of 3.6% as forecasted in June 2019.
Main contributors to the 3.5% growth in GVA at basic prices would be:
“Financial and insurance activities” (0.6 percentage point), and “Construction” and “Wholesale & retail trade; repair of motor vehicles and motorcycles” each contributing 0.4 percentage point
The main assumptions used are as follows:
: a sugar production of 325,000 tonnes compared to
tonnes in 2018, resulting in a
% compared to a drop
of 9.1% in 2018.
to grow by 3.9% compared to 0.4% in 2018.
at a rate of
0.8%, after a growth of
% in 201
, assuming growths of 1.5% and 1.8% in ‘food processing’ and ‘other manufacturing’ respectively, partly offset by ‘textile manufacturing’ (-1.4%).
: to grow by 8.5% compared to 9.5% growth in 2018, based on implementation of main public projects (Metro Express, Côte d’Or Multi Sports Complex
and Road Decongestion Programme) and private projects (Property Development Scheme, Smart City projects and shopping malls)
Wholesale & retail trade; repair of motor vehicles and motorcycles
: to grow at a lower rate of 3.4% compared to 3.6% in 2018.
Transportation and storage:
to grow by
lower than the
% growth in 201
Accommodation and food service activities
compared to 4.1% in 2018,
expected tourist arrivals of
Information and communication
to grow by 5.4%, lower than the 5.5% growth in 2018.
Financial and insurance activities
to grow by around 5.2%, lower than the
% growth in 201
Professional, scientific and technical activities
: to grow by 4.9%, lower than the
% growth in 201
Public administration and defence; compulsory social security
: to grow by 2.5% compared to 1.8% in 2018.
Consumption and Saving
Final consumption expenditure of households and general government would grow by 3.1% in 2019
compared to 3.4% in 2018.
Gross Domestic Savings (GDS) as a percentage to GDP at market prices for 2019
would be 9.6 compared to 9.0 in 2018.
Investment would grow by 7.9% in 2019, after a growth of 10.9% in 2018
, explained by a lower growth in private sector investment and a higher growth in public sector investment. Exclusive of aircraft and marine vessel, investment would grow by 7.8% compared to 12.2% in 2018.
Private sector investment is expected to grow by 2.7% in 2019
compared to the 10.4% growth in 2018 and
public sector investment would expand by 24.0% in 2019
, after a growth of 12.7% in 2018.
Investment rate would increase to 19.7% in 2019
, from 18.8% in 2018.
Private investment rate would be 14.2%
same as in 2018 while
public investment rate would increase to 5.5%
from 4.5% in 2018.
The share of private sector investment in GFCF is expected to drop to 72.2% in 2019
from 75.8% in 2018 while that of the
public sector would increase to 27.8%
from 24.2% in 2018. Exclusive of aircraft and marine vessel, the share of private sector investment in 2019 would be 72.3% and that of the public sector, 27.7%.