GDP in Algeria

Algeria GDP | Economic News & Forecasts

Algeria - GDP

Algeria’s GDP increased 3.0% in Q3 2016, a slowdown from Q2’s 3.4% growth. The rebound in natural gas and crude oil output partly offset a deceleration in agricultural production growth and a contraction in public services. Though the government intends to diversify the economy in a bid to reduce its dependency on the oil and gas sector, concrete measures have been lacking so far and the non-hydrocarbon sector remains sluggish. The authorities have however been seeking to tackle the more imminent problem of a growing budget deficit, announcing tax increases and subsidy reductions for 2017.

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 Rate109.8-0.46 %Feb 16

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