Current Account in Algeria
Algeria - Current AccountEconomic growth accelerated in the third quarter as the economy benefited from a healthy rebound in the hydrocarbon sector. In fact, the hydrocarbon sector posted its first annual increase in two years. The non-energy economy, however, performed poorly as bad weather hit agricultural production and a protracted political crisis dampened both business and consumer confidence. On the political front, Abdelmadjid Tebboune won the 12 December presidential election and appointed a new government on 2 January. Although Tebboune attempted to assuage protester’s concerns, mass rallies continued, with demonstrators accusing the new President of being part of the traditional political establishment. Algeria’s political crisis has been exacerbated by an ailing economy caused by a massive drop in oil revenues.
Algeria - Current Account Data
|Current Account (% of GDP)||0.6||-4.3||-16.4||-16.5||-13.2|
5 years of economic forecasts for more than 30 economic indicators.
Algeria Current Account Chart
Source: National Office of Statistics and FocusEconomics calculations.
|Exchange Rate||119.1||-0.11 %||Jan 01|
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