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Country Economic Forecasts > Algeria

  • April 2017
  • -
  • Oxford Economics
  • -
  • 8 pages

Summary

Table of Contents

GDP growth rose to 4.0% in Q4 2016 from 2.8% in Q3, supported by strong 13.3% expansion in the hydrocarbon sector. The latter was partly offset by a slowdown in non-hydrocarbon growth to 1.7%, due to a sharp contraction in agricultural output and a weaker performance in the services sector. Overall GDP growth in 2016 is now put at 3.6%. The pace of growth is forecast to slow to 2.4% this year as wide-reaching austerity measures weigh on activity. And with large deficits on the fiscal and external accounts persisting, structural adjustment away from dependence on hydrocarbons has become a top priority for the government.

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