GDP in Algeria
Algeria - GDPA strong GDP print in Q4 (+4.0% year-on-year) contributed to better-than-expected full-year growth in 2016. While the print was upbeat on the back of higher oil prices, it obscured a contracting agricultural sector hobbled by drought and a weak services sector. Despite the ongoing restructuring of the economy, energy exports still accounted for nearly three-fifths of government revenues last year. On 4 May, Algerians turned out to vote in parliamentary elections, albeit in lower numbers than in 2012. With voters upset by high inflation and high unemployment, the ruling coalition parties maintained their majority in the lower house on promises to enact additional measures necessary to grow the economy.
Algeria - GDP Data
|Economic Growth (GDP, annual variation in %)||2.9||3.4||2.8||3.8||3.8|
5 years of economic forecasts for more than 30 economic indicators.
Algeria GDP Chart
Source: National Office of Statistics.
|Exchange Rate||109.7||0.03 %||May 10|
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