The real gross domestic product (GDP) growth rate fell by 1.8 percentage points in 2019, standing at 4.4%, after 6.2% in 2018, according to data from the National Agency for Statistics and Demography.

“This situation is due to the slowdown in activity in the primary (4.5%, after 8.1% in 2018), secondary (3.7%, against 6.5% in 2018) and tertiary (4.6% in 2018) sectors. %, after 5.4% in 2018)”, explains the ANSD in its publication Provisional national accounts for 2019 and final for 2018, established in December 2020.

In terms of contribution to GDP growth, the contribution of primary and secondary education is marginal. It is indeed 0.7 point for the first and 0.9 point for the second. On the other hand, the tertiary provides 2.3 points. "The tertiary sector thus remains the engine of economic growth given its preponderant weight and its dynamism", underlines the ANSD.

As for the growth of net taxes on products, it stood at 5.0% in 2019, with a contribution to GDP growth of 0.5 points.

From the point of view of jobs, final consumption, the main use of real GDP (82.3%), posted an increase of 3.7% in 2019, i.e. a deceleration of 0.8 points compared to 2018. This slowdown is in connection with the behavior of market consumption expenditure which increased by 3.5% in 2019, after 4.7% in 2018. However, the downward trend was attenuated by public consumption which increased by 5. 5% in 2019 compared to 3.5% in 2018.

The gross fixed capital formation (GFCF) of economic agents progressed less quickly (8.4%, after 13.7% in 2018). According to the ANSD, “this slowdown is attributable to the slowdown in private investment, which rose by 9.3%, after 19.5% in 2018”. On the other hand, public GFCF recorded a recovery of 5.0% in 2019 after a decline of 3.1% in 2018.

This progress takes place in the context of the continuation of structuring projects, in particular the finalization of the extension of the Northern Release Route (VDN) II and work relating to the Regional Express Train (TER).

Regarding foreign trade in goods and services, they are characterized by the strength of exports in value (12.7%) and a slowdown in the growth rate of imports (5.5%, after 14.3% in 2018). Consequently, the deficit of the external balance of goods and services in value improved (-1,940.5 billion in 2019 against -2,040.5 in 2018).

The Gross National Disposable Income (RNDB), for its part, amounted to 14,505 billion FCFA, an increase of 6.3% compared to 2018. The Gross National Disposable Income per capita increased to be at 895,000 FCFA in 2019, or US$1,528.

Final consumption in value grew less quickly (+5.1%) than the GNDI. As a result, the national savings rate improved by 0.9 points to stand at 23.9% of GDP in 2019.

As for the general level of prices, measured by the GDP deflator, the ANSD reports that it came out at 1.9%, after a depreciation of 0.8% in 2018. This increase is mainly in connection with the increase in the prices of net taxes actually collected on products (+22.8%).