GDP in Algeria

Algeria GDP | Economic News & Forecasts

Algeria - GDP

Despite a robust performance from the non-oil economy, growth slowed slightly from Q2’s already weak showing in Q3, as oil and gas production contracted at an even sharper pace than in the previous quarter and as service sector growth softened slightly. Nevertheless, higher oil prices in the quarter likely buttressed the government’s coffers in the period. Furthermore, the agricultural sector continued to post strong growth, while activity in the industrial and construction sectors accelerated. Looking at Q1, Sonatrach recently signed a USD 1.4 billion petrochemical joint-venture with Total, and a USD 445 million contract with China’s CHEC for an LNG terminal.

Algeria - GDP Data

2013  2014  2015  2016  2017  
Economic Growth (GDP, annual variation in %)2.8  3.8  3.7  3.3  1.6  

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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 Rate119.0-0.11 %Feb 14

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