Industry in Algeria
Algeria - IndustryGrowth 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
|Industrial Production (annual variation in %)||2.2||-1.4||0.6||1.5||2.3|
5 years of economic forecasts for more than 30 economic indicators.
Algeria Industry Chart
Source: National Office of Statistics.
|Exchange Rate||118.9||-0.11 %||Dec 14|
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