GDP in Algeria
Algeria - GDPAlgeria’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
|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.
Note: Annual variation of gross domestic product (GDP) in %.
Algeria GDP Chart
Source: National Office of Statistics.
|Exchange Rate||109.8||-0.46 %||Feb 16|
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