Industry in Algeria
Algeria - Industry
The economy appears to have remained in the doldrums so far this year as large-scale anti-government protests, which erupted in February, rumble on. Scheduled presidential elections on 4 July are now likely to be delayed, reportedly by at least three months, as protestors continue to demand the country’s ruling elite step aside. Meanwhile, momentum has stalled in the all-important oil sector; crucially-needed energy law reforms to attract investors are now dead in the water, and major oil firms have reportedly suspended investment decisions in the country due to the political instability. On a more positive note, Italian energy giant ENI recently renewed its gas supply contract with Sonatrach until 2027, and a large gas field was discovered on 27 May.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 | 119.2 | -0.11 % | Jun 20 |
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