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Algeria : GDP improves slightly to 1.5% in 2018

Tuesday, 23 April 2019 13:47
Algeria : GDP improves slightly to 1.5% in 2018

(Ecofin Agency) - In 2018, Algeria’s growth was 1.5% against 1.14% in 2017, according to figures published by the office for national statistics (ONS).

This growth rate is below the IMF’s forecast which was 2.5% for the period under review.

According to the office, the growth was spurred by the agriculture, construction, public works, hydraulics, oil and industry, transport and communication sectors.

During the period under review, non-oil GDP grew from 2.2% in 2017 to 3.4% thanks namely to the construction, public works, hydraulics, market services, industry and agriculture sectors.

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ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

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