GDP in Algeria

Algeria GDP | Economic News & Forecasts

Algeria - GDP

Algeria’s economy remains battered by low oil prices, which have substantially weakened the country’s fiscal position. Newly appointed Prime Minister Ahmed Ouyahia has already laid out a comprehensive plan to close the budget deficit and achieve a balanced budget by 2022. In early September, amendments were approved that will enable the Central Bank to lend directly to the state to plug the budget deficit. In addition, the government is set to introduce its first Islamic bond next year. It will also introduce Islamic financial services at two state-owned banks by the end of 2017. However, tensions remain within the government over the extent of the reforms and economic diversification.

Algeria - GDP Data

2012  2013  2014  2015  2016  
Economic Growth (GDP, annual variation in %)3.4  2.8  3.8  3.8  3.5  

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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 Rate114.1-0.11 %Oct 19

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