GDP in Algeria

Algeria GDP | Economic News & Forecasts

Algeria - GDP

Similar to other oil producing countries, Algeria’s economy suffered from low oil prices and adverse weather conditions in 2016. The fall in hydrocarbon revenues, which account for more than half of the state budget, prompted the government to halt infrastructure projects and cut spending, hitting overall growth. Although the increase in oil prices seen since November 2016 should mitigate the authorities’ financial strains, lower production due to lack of investment and a cut in oil output in compliance with the OPEC accord will limit the gains.

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 Rate109.30.19 %Mar 28

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