Investment in Algeria
Algeria - Investment
The economic panorama remains bleak amid the dual shock of pandemic-induced restrictions and tumbling oil revenues: Oil output slumped throughout Q2 and into Q3 following the agreement of the latest OPEC+ production cuts, hitting the lowest level since early 2000 in July. Although output ticked up slightly in August, weak external demand kept production relatively low nonetheless, likely weighing on government finances in Q3. Furthermore, elevated—albeit falling—new Covid-19 cases and continued restrictions on daily life are still hampering domestic activity heading into Q4, while international borders remain closed. In politics, parliament approved President Tebboune’s draft changes to the constitution in mid-September, setting up a national referendum for 1 November that will take place amid widespread political unrest.Algeria - Investment Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Investment (annual variation in %) | 5.7 | 3.5 | 3.4 | 3.1 | 1.0 |
Algeria Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 119.1 | -0.11 % | Jan 01 |
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