Industry in Algeria

Algeria Industry | Economic News & Forecasts

Algeria - Industry

Annual growth decelerated to 1.5% in the first quarter, down from the 2.3% expansion recorded in Q4 2018, as protests that erupted in February and weakness in the hydrocarbon sector, which contracted for the seventh quarter in a row in Q1, dragged on the economy. Available information for Q2 is not any rosier: The trade deficit rose 12% in the first half of the year compared to the previous period, while international reserves continue to steadily decline as authorities attempt to shore up the dinar. As a consequence of the current political impasse, the interim government decided to halt planned economic reforms on fears that reducing government subsidies, a new hydrocarbons law and fiscal consolidation could all reignite protests.

Algeria - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)0.9  3.9  1.9  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 Rate120.2-0.11 %Sep 04

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