Industry in Algeria

Algeria Industry | Economic News & Forecasts

Algeria - Industry

Growth was feeble in the second quarter after an already weak first quarter showing, chiefly on the back of a marked contraction in the oil sector and slowing industrial production. However, growth should increase in H2 thanks to higher fiscal spending and a ramp-up in oil-sector investment from Sonatrach, with several gas field expansions coming online in the period. Nevertheless, President Bouteflika’s likely bid for a fifth term in next year’s elections is hampering progress on crucial economic reforms, which bodes poorly for Algeria’s non-oil sector going forward.

Algeria - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)2.2  -1.4  0.6  1.5  2.3  

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Algeria Industry Chart

Algeria Industry
Note: Annual variation of industrial production in %.
Source: National Office of Statistics.

Algeria Facts

Exchange Rate118.9-0.11 %Dec 14

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