Money in Algeria

Algeria Money | Economic News & Forecasts

Algeria - Money

While a low base effect should have produced a healthy acceleration in GDP growth in Q2, conditions will have been more muted in Q3. The non-petroleum sector likely struggled: A nightly curfew was extended through July and August amid a rock-bottom vaccination rate and rising Covid-19 cases, while continued domestic unrest likely deterred investment. That said, infections were significantly lower in September, and towards the end of the month the government announced plans to produce the Sinovac vaccine, which should boost inoculations ahead. The oil and gas sector, meanwhile, should have benefited from higher prices as well as higher oil production in July–September. However, a diplomatic spat with Morocco means the Maghreb gas pipeline will be closed from November onwards, with capacity improvements elsewhere unlikely to fully compensate.

Algeria - Money Data

2015   2016   2017   2018   2019  
Money (annual variation in %)11.7  3.5  14.4  0.5  -     

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Algeria Money Chart

Algeria Money
Note: Annual variation of M1 in %.
Source: Bank of Algeria.

Algeria Facts

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

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