in Short
Algeria : 4.1% economic growth in 2023

Algeria recorded an economic growth of 4.1% in 2023, according to the Minister of Finance. This performance stems from the strength of several national sectors, with a balance of payments surplus of USD 6.53 billion. Exportations decreased due to falling oil prices, but public debt remains stable. Forecasts for 2024 anticipate a growth of 3.8%, supported by public expenditure.