The High Commission for Planning revealed in a report on the economic situation for 2024 that the national economy has recorded an increase in financing needs, rising from 1% of GDP in 2023 to 1.2% in 2024.
The Commission explained that this development comes amid a 7.9% increase in nominal GDP, compared to 11% last year, and a 4.9% rise in net income from the rest of the world, in contrast to 1.2% in 2023. This contributed to a 7.7% increase in the total national disposable income, compared to 10.2% in the previous year.
Despite a slowdown in national final consumption growth to 6.3% from 8.6% in 2023, the national savings rate remained stable at 28.9% of GDP, up from 28% previously.
In contrast, total investment, which includes fixed capital formation, changes in inventories, and net acquisitions of precious items, rose to 30.1% of GDP, up from 29% in 2023. This has widened the gap between savings and investment, thereby exacerbating the need for financing in the national economy.
