GDP in Algeria
Algeria - GDPRecently-released data shows that that the economy grew a healthy 3.7% in Q1, which is slightly below the result seen in Q4. The expansion was strongly driven by the hydrocarbon sector, which is making a comeback after a decade of weak performance. However, its strong growth is accompanied by subdued activity in the non-hydrocarbon sector. Additionally, crude oil and natural gas production rose 3.6% in Q1 in annual terms despite OPEC’s measures to curb production. Moreover, the Algerian government announced plans to increase oil and gas output in an attempt to soften the hardship of a fall in global crude oil prices: oil and gas account for 60% of fiscal revenues and 94% of export revenues.
Algeria - GDP Data
|Economic Growth (GDP, annual variation in %)||3.4||2.8||3.8||3.8||3.5|
5 years of economic forecasts for more than 30 economic indicators.
Algeria GDP Chart
Source: National Office of Statistics.
|Exchange Rate||109.8||-0.11 %||Aug 16|
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