Current Account in Algeria

Algeria Current Account | Economic News & Forecasts

Algeria - Current Account

Annual growth decelerated to 1.5% in the first quarter, down from the 2.3% expansion recorded in Q4 2018, as protests that erupted in February and weakness in the hydrocarbon sector, which contracted for the seventh quarter in a row in Q1, dragged on the economy. Available information for Q2 is not any rosier: The trade deficit rose 12% in the first half of the year compared to the previous period, while international reserves continue to steadily decline as authorities attempt to shore up the dinar. As a consequence of the current political impasse, the interim government decided to halt planned economic reforms on fears that reducing government subsidies, a new hydrocarbons law and fiscal consolidation could all reignite protests.

Algeria - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)0.6  -4.3  -16.4  -16.5  -13.2  

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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

ValueChangeDate
Exchange Rate120.2-0.11 %Sep 04

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