GDP in Algeria

Algeria GDP | Economic News & Forecasts

Algeria - GDP

On the back of an OPEC deal aimed at curbing global crude production, Prime Minister Abdelmalek Sellal said that the authorities expect higher inflows of revenues in the next two years as hydrocarbon prices climb up. Algeria itself pledged to cut its crude production by 50,000 barrels a day, or slightly under 5.0% of its December average. The North African country was in need of such a deal, as state revenues and international reserves had diminished rapidly over the last two years, when abundant supply and subdued global growth pushed hydrocarbon prices down.

Algeria - GDP Data

2011  2012  2013  2014  2015  
Economic Growth (GDP, annual variation in %)2.9  3.4  2.8  3.8  -     

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Algeria GDP Chart

Algeria GDP
Note: Annual variation of gross domestic product (GDP) in %.
Source: National Office of Statistics.

Algeria Facts

Exchange Rate109.9-0.06 %Jan 20

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