GDP in Algeria
Algeria - GDPAlgeria’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
|Economic Growth (GDP, annual variation in %)||3.4||2.8||3.8||3.8||3.5|
5 years of economic forecasts for more than 30 economic indicators.
Algeria GDP Chart
Source: National Office of Statistics.
|Exchange Rate||114.1||-0.11 %||Oct 19|
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