Trade Balance in Algeria
Algeria - Trade BalanceGrowth picked up in H2, according to local press reports. The non-hydrocarbon sector likely benefited from the removal of the curfew in mid-October and higher energy prices boosting government coffers, while rising oil production amid looser OPEC+ cuts boosted the hydrocarbon sector. However, soaring inflation will have dented momentum, and the arrival of Omicron led the government to introduce Covid-19 passes for public venues in December. While likely knocking the recovery at the end of the year and in early 2022, the move should raise the low vaccination rate. In other news, in December the state-owned energy company inked an oil deal with an Italian firm, with production mooted to begin at end-2022. Shortly beforehand the IMF praised the government’s diversification plans and pandemic response, but highlighted significant challenges posed by persistent fiscal and external imbalances.
Algeria - Trade Balance Data
|Trade Balance (USD billion)||-18.1||-20.1||-14.4||-7.5||-|
5 years of economic forecasts for more than 30 economic indicators.
Algeria Trade Balance Chart
Source: Bank of Algeria and FoucsEconomics calculations.
|Exchange Rate||119.1||-0.11 %||Jan 01|
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