GDP in Algeria
Algeria - GDPSimilar to other oil producing countries, Algeria’s economy suffered from low oil prices and adverse weather conditions in 2016. The fall in hydrocarbon revenues, which account for more than half of the state budget, prompted the government to halt infrastructure projects and cut spending, hitting overall growth. Although the increase in oil prices seen since November 2016 should mitigate the authorities’ financial strains, lower production due to lack of investment and a cut in oil output in compliance with the OPEC accord will limit the gains.
Algeria - GDP Data
|Economic Growth (GDP, annual variation in %)||2.9||3.4||2.8||3.8||-|
5 years of economic forecasts for more than 30 economic indicators.
Algeria GDP Chart
Source: National Office of Statistics.
|Exchange Rate||109.3||0.19 %||Mar 28|
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