GDP growth hits 3.6% in Q1 2016

APS : Monday, 25 July 2016
ALGIERS- The GDP (gross domestic product) growth in Algeria stood at 3.6% in the first quarter of 2016 compared to the same period in 2015, with the recovery of some activities in the hydrocarbon sector and a slowdown in agriculture, the National Office of Statistics told APS on Monday.
Non-hydrocarbon growth hit 3.8% in Q1 2016, against 5.1% in Q1 2015, while outside agriculture went up by 3.5% over the first three months of 2016, according to figures provided by the ONS.
The added value the sector of agriculture showed a 4.8% growth in Q1 2016 against 6.3% during the same period a year earlier.
The slowdown is mainly due to the bad weather conditions, explained the ONS.
The hydrocarbon sector recorded a growth of 3.2% in Q1 2016, against -1.9% in Q1 2015, owing to development of refining and liquefaction activities.
The Industrial GDP growth hit 5% in the first three months of 2016, against 6.1% in Q1 2015, said the ONS.

Let's talk

If you want to get a free consultation without any obligations, fill in the form below and we'll get in touch with you.