Consumption in Algeria

Algeria Consumption | Economic News & Forecasts

Algeria - Consumption

Growth was feeble in the second quarter after an already weak first quarter showing, chiefly on the back of a marked contraction in the oil sector and slowing industrial production. However, growth should increase in H2 thanks to higher fiscal spending and a ramp-up in oil-sector investment from Sonatrach, with several gas field expansions coming online in the period. Nevertheless, President Bouteflika’s likely bid for a fifth term in next year’s elections is hampering progress on crucial economic reforms, which bodes poorly for Algeria’s non-oil sector going forward.

Algeria - Consumption Data

2013  2014  2015  2016  2017  
Consumption (annual variation in %)3.4  3.2  3.6  2.6  -     

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Exchange Rate118.4-0.11 %Dec 11

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