GDP in Algeria
Algeria - GDPAfter a weak showing in H1, growth likely improved in H2 2018 amid a ramp-up of fiscal spending and investment from state oil firm Sonatrach. While tumbling oil prices in Q4 likely dented economic momentum, the annual trade deficit more than halved as of November, though foreign reserves kept falling. Further Sonatrach investments should drive momentum going forward. In recent weeks, the company signed contracts for over USD 1 billion of natural gas projects, adding to the USD 6 billion phosphate plant deal signed on 26 November in a joint-venture with a Chinese firm.
Algeria - GDP Data
|Economic Growth (GDP, annual variation in %)||2.8||3.8||3.7||3.3||1.6|
5 years of economic forecasts for more than 30 economic indicators.
Algeria GDP Chart
Source: National Office of Statistics.
|Exchange Rate||118.4||-0.11 %||Jan 30|
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