GDP in Algeria
Algeria - GDPA strong GDP print in Q4 2016 (+4.0% year-on-year) on the back of a recovering hydrocarbon sector signaled once more that the economy is still largely dependent on oil and gas production. Slow progress on pro-business reforms continues to hold back growth in the services sector, while abundant rainfall in Q1 put the agricultural sector on the road to recovery following last year’s drought. Although harvests came up short last year, food prices have been climbing this year largely as a result of an increase in VAT and the elimination of food subsidies—austerity measures that are expected to lower the fiscal deficit this year.
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||108.5||-0.10 %||Jun 16|
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.