GDP in Algeria

Algeria GDP | Economic News & Forecasts

Algeria - GDP

A 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

2011  2012  2013  2014  2015  
Economic Growth (GDP, annual variation in %)2.9  3.4  2.8  3.8  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 Rate109.70.03 %May 10

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