According to the report from the National Institute of Statistics (INS) published in September 2026, investment grew by 1.9% in 2025 after 4.3% in 2024, contributing 0.4 points to GDP.
The private sector rebounds to +6.6% after +0.4%, while the public sector declines by -0.2% after +18.8%. Exports recover to +1.0% after -5.1%, but imports accelerate to +5.1% after -2.9%. The external balance weighs at -0.8 points compared to -0.2 points in 2024.
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According to the 2025 economic situation report published by the National Institute of Statistics, investment confirms its slowdown. It increased by 1.9% in 2025, after a rise of 4.3% in 2024, notes the INS. This development results from a 5.1% increase in gross fixed capital formation and a negative contribution from changes in inventories. Investment contributes 0.4 points to GDP growth.
Private sector at +6.6% takes over from a declining public sector
The INS report highlights a break between the two components. Private investment regains momentum with growth of 6.6% after 0.4% in 2024. This progress, the Institute emphasizes, is notably explained by continued investments in the agro-industrial, manufacturing, mining, and productive infrastructure sectors. Several major projects in the agricultural, industrial, and mining sectors were initiated or commissioned in 2025, gradually strengthening national production capacities.
Conversely, public investment shows a slight contraction of 0.2%, after strong growth of 18.8% in 2024, according to the INS.
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Exports: slight recovery of 1.0%
Regarding foreign trade, the INS notes a slight recovery in export volumes of 1.0% in 2025, after a decline of 5.1% recorded in 2024. This improvement mainly results from the recovery of service exports (+21.0% after -21.8%), while goods exports decline by 3.8%. Exports contribute positively to GDP growth by 0.2 points, after a negative contribution of 0.9 points in 2024.
Imports at +5.1%: the balance deteriorates to -0.8 points
The Institute points to an acceleration of import volumes to 5.1% in 2025, after a decrease of 2.9% in 2024. This increase is driven both by goods imports (2.3%) and especially by service imports (24.2%). Imports contribute negatively to GDP growth by 1.0 points, compared to a positive contribution of 0.6 points in 2024.
Ultimately, concludes the INS, the balance of foreign trade in goods and services weighed more heavily on economic growth in 2025. Its contribution to GDP growth is negative and estimated at -0.8 points, compared to -0.2 points in 2024.
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