In-Depth Analysis
Algeria Profile
The Algerian economy is characterised by its reliance on hydrocarbon exports and state-centred economic management.
The Algerian government stayed on course with its fiscal consolidation programme in 2017, reducing the budget deficit to an estimated 6.5% of GDP. However, the adoption of an expansionary fiscal stance in the 2018 budget indicates a short-term deviation from this trend and presents potential risks to the government’s longer-term structural adjustment objectives. The large fiscal stimulus raised expectations of stronger growth this year, however, the economy has struggled to gain traction in 2018 H1 as the hydrocarbon sector continued to weigh on the economy. Nevertheless, economic activity is still expected to pick up in the later stages of this year and to lift annual growth. (Source: Algeria Annual Country Profile, published October 2018.)
Macroeconomic Data
(2018)
Fiscal Balance (as a % of GDP)
Consumer Price Index (% change y-o-y, avg)
Current Account Balance (as a % of GDP)
Real GDP (annual % change)
GDP per Capita, US$
Import Cover (months)
Population, million
Total External Debt (as a % of GDP)
-7.7
4.9
-7.3
2.3
4,128
17.3
41.9
5.5