Industry in Algeria

Algeria Industry | Economic News & Forecasts

Algeria - Industry

The oil-sector, led by state firm Sonatrach’s USD 56 billion investment plan for the 2018–2022 period, continues to propel economic momentum, while non-oil growth remains feeble amid extremely high youth unemployment. Sonatrach recently announced several new projects, including a USD 6 billion phosphate plant in a joint-venture with Chinese firms, a new USD 280 million gas pipeline to boost exports to Europe, and the start of offshore drilling in 2019. It will also increase LNG exports to Turkey by a billion cubic meters a year starting next year. Meanwhile, the government’s recently unveiled draft budget for 2019 sees a 1.5% spending reduction and the postponement of subsidy cuts.

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 Rate118.7-0.11 %Oct 22

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