Current Account in Algeria

Algeria Current Account | Economic News & Forecasts

Algeria - Current Account

Economic 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

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

Exchange Rate119.1-0.11 %Jan 01

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