Ouagadougou: The Director General of Economy and Planning, Dr Larba Issa Kobyagda, indicated on Saturday that the growth rate of Gross Domestic Product (GDP) increased to 3.6% in 2023 against 1.8% in 2022.
‘In Burkina Faso, economic activity is experiencing an acceleration in its rate of growth compared to 2022,’ declared the Director General (DG) of Economy and Planning (DGEP), Dr. Larba Issa Kobyagda.
According to him, the GDP growth rate increased from 1.8% in 2022 to 3.6% in 2023. Dr Kobyagda was in Ouagadougou on Saturday, in front of journalists, during the press conference on the 2023 results and prospects. 2024 from the DGEP.
‘This growth would be driven, in order of contribution, by the tertiary sector with growth of +2.2 percentage points, the secondary with +0.9 percentage points and the primary with +0.5 percentage points,’ he explained.
The first head of the structure indicated that this accountability forum, the first of its kind, will make it possible to present to the population the variou
s activities carried out, the forecasts and the prospects envisaged by the DGEP.
According to him, in the UEMOA, economic growth would remain vigorous in 2023 with a rate of 5.7%, as in 2022, supported by investments and final consumption.
The DG of the DGEP stressed that the dynamism of the services sector, real estate, accommodation and catering, transport and warehousing would be the main catalysts of economic activity in 2023.
Added to this is the rebound in construction work on major sites and the asphalting of roads in the secondary sector, as well as increasing agricultural production with the presidential and agro-pastoral initiatives currently being deployed.
According to Larba Issa Kobyagda, we should not worry about the economic future of the country in 2024 because the government is planning an economic recovery and recovery plan.
As a result, Dr Kobyagda reassured that economic activity would grow by 5.5% in 2024. This growth will be driven by the tertiary (+7.0%), primary (+5.1%) and second
ary sectors. (+4.5%).
‘This is the scenario that we currently consider to be the most likely. At the same time, this economic forecast is marked by uncertainties,’ he noted.
Source: Burkina Information Agency