Industry in Algeria
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 |
Algeria Industry Chart
Source: National Office of Statistics.
Algeria Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 118.9 | -0.11 % | Dec 14 |
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