GDP in Algeria

Algeria GDP | Economic News & Forecasts

Algeria - GDP

Recently-released data shows that that the economy grew a healthy 3.7% in Q1, which is slightly below the result seen in Q4. The expansion was strongly driven by the hydrocarbon sector, which is making a comeback after a decade of weak performance. However, its strong growth is accompanied by subdued activity in the non-hydrocarbon sector. Additionally, crude oil and natural gas production rose 3.6% in Q1 in annual terms despite OPEC’s measures to curb production. Moreover, the Algerian government announced plans to increase oil and gas output in an attempt to soften the hardship of a fall in global crude oil prices: oil and gas account for 60% of fiscal revenues and 94% of export revenues.

Algeria - GDP Data

2012  2013  2014  2015  2016  
Economic Growth (GDP, annual variation in %)3.4  2.8  3.8  3.8  3.5  

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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 Rate109.8-0.11 %Aug 16

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