GDP in Algeria
Algeria - GDPOn the back of an OPEC deal aimed at curbing global crude production, Prime Minister Abdelmalek Sellal said that the authorities expect higher inflows of revenues in the next two years as hydrocarbon prices climb up. Algeria itself pledged to cut its crude production by 50,000 barrels a day, or slightly under 5.0% of its December average. The North African country was in need of such a deal, as state revenues and international reserves had diminished rapidly over the last two years, when abundant supply and subdued global growth pushed hydrocarbon prices down.
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||109.9||-0.06 %||Jan 20|
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.