Imports in Algeria
Algeria - Imports (percent change)The economic panorama remains bleak amid the dual shock of pandemic-induced restrictions and tumbling oil revenues: Oil output slumped throughout Q2 and into Q3 following the agreement of the latest OPEC+ production cuts, hitting the lowest level since early 2000 in July. Although output ticked up slightly in August, weak external demand kept production relatively low nonetheless, likely weighing on government finances in Q3. Furthermore, elevated—albeit falling—new Covid-19 cases and continued restrictions on daily life are still hampering domestic activity heading into Q4, while international borders remain closed. In politics, parliament approved President Tebboune’s draft changes to the constitution in mid-September, setting up a national referendum for 1 November that will take place amid widespread political unrest.
Algeria - Imports (%) Data
|Imports (annual variation in %)||-11.8||-6.1||-0.9||-0.9||-|
5 years of economic forecasts for more than 30 economic indicators.
|Exchange Rate||119.1||-0.11 %||Jan 01|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.