Money in Algeria

Algeria Money | Economic News & Forecasts

Algeria - Money

Growth markedly accelerated in the fourth quarter of 2018, although still concluded a feeble economic performance in the year. The quarterly print was supported primarily by strong growth in the construction sector—buttressed by public spending—and a good showing of the services and industrial sectors; hydrocarbon output, however, continued to slump. Turning to recent events, citizens continue to demand the resignation of the acting president and prime minister a month after former President Bouteflika resigned on 2 April. In the oil sector, following the ousting of Sonatrach’s CEO, its new chief executive reaffirmed the company’s commitment to establishing partnerships with foreign energy firms, which should support investor confidence.

Algeria - Money Data

2013  2014  2015  2016  2017  
Money (annual variation in %)11.6  12.9  11.7  3.5  -     

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Algeria Money Chart

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

Algeria Facts

Exchange Rate119.3-0.11 %May 13

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