Current Account in Algeria

Algeria Current Account | Economic News & Forecasts

Algeria - Current Account

Growth in Q4 2018 likely remained modest due to weak output in the oil sector, while free-falling oil prices in the quarter further hampered exports and hit foreign reserves. In better news, activity in the non-oil economy was likely supported by strong showings in the agricultural and construction sectors, the latter being buttressed by a flurry of investment projects from state oil firm Sonatrach. Notably, Sonatrach recently signed a deal for a USD 1 billion gas plant, while Nissan announced plans for a USD 160 million factory. In the political arena, large scale protests erupted against President Bouteflika’s announced bid for a fifth term, fanning political instability ahead of April’s elections.

Algeria - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)0.6  -4.3  -16.4  -16.5  -12.9  

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Algeria Current Account Chart

Algeria Current Account
Note: Current account balance as % of GDP.
Source: National Office of Statistics and FocusEconomics calculations.

Algeria Facts

Exchange Rate119.5-0.11 %Mar 11

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