GDP in Algeria

Algeria GDP | Economic News & Forecasts

Algeria - GDP

A 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

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 Rate108.5-0.10 %Jun 16

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