GDP in Algeria
Algeria - GDPDespite 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
|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||119.0||-0.11 %||Feb 14|
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