International Reserves in Algeria

Algeria International Reserves | Economic News & Forecasts

Algeria - International Reserves

Although growth in H1 should have been aided by a base effect, underlying momentum was likely subdued. Turning to Q3, the non-petroleum sector likely struggled: A rise in Covid-19 cases forced an extension of the curfew in the period, likely denting private consumption. Prospects for the petroleum sector appeared more favorable, with both prices and production continuing to tick up. In Q4, the vaccine rollout has accelerated, permitting the curfew to be lifted from mid-October. However, the positive impact on consumption could be partly offset by soaring food prices. In politics, the government recently confirmed its plans to close the Maghreb gas pipeline after October, which will reduce revenue. The government also put forward its 2022 budget, which aims to cut costly subsidies. The measures should boost long-term macroeconomic stability, albeit at the risk of stoking social tensions.

Algeria - International Reserves Data

2015   2016   2017   2018   2019  
International Reserves (USD)145  114  97.6  80.2  -     

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Algeria International Reserves Chart

Algeria International Reserves
Note: International reserves in months of imports.
Source: Bank of Algeria and FoucsEconomics calculations.

Algeria Facts

Value Change Date
Exchange Rate119.1-0.11 %Jan 01

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