You are here
People’s Democratic Republic of Algeria
Real GDP growth climbed to 3.0% in 2022 from 3.4% in 2021, stimulated by the rebound in oil prices in 2022. Monetary authorities implemented a refinancing plan to grant new loans to the government and the rest of the economy. Inflation continued to rise, to 9.3% in 2022 from 7.2% in 2021, due to global inflation. The budget deficit fell from 6.9% of GDP in 2021 to 0.2% in 2022, while budgetary revenue rose, especially revenue related to the oil sector.
Key Facts
Bank intervention strategy
- Priority area 1: Support for industrialization, improving competitiveness and developing value chains.
- Priority area 2: Support for the transformation of the energy sector.
Videos
Resources
Knowledge Products
Documents
- Algeria - Dialogue Note 2023-2027 and Country Portfolio Performance Review 2023
- Algeria - Interim Country Strategy Paper (ICSP) - 2016-2018 (1.35 MB)
- Algeria - Combined 2011-2012 Dialogue Note Completion Report and Country Portfolio Performance Review 2012 (774 kB)
- 2011-2012 - Country Dialogue Note (832 kB)
Useful Links
Contacts
Algeria Country Office
Mr. Lassaad Lachaal
Groupe de la Banque africaine de développement
3 Rue Hamdani Lahcène, Hydra
BP 148
Algiers, Algérie
Tél : (+213) 23 37 59 29 | 23 37 59 35 | 23 37 59 10
Regional Development, Integration and Business Delivery Office (RDIB)
Executive Director, Mr. Brahim BOUZEBOUDJEN
Senior Advisor, Mr. Mohamed MESSOUCI
Advisor, Ms. Haingotiana Liliane RAJEMISA
Alternate Executive Director, Mr. Alfredo Paulo MENDES
African Development Bank Group
Immeuble Zahrabed
Avenue du Dollar, Les Berges Du Lac II, Tunis 1053, Tunisia
Tel: (+216) 71102953
Fax: (+216) 71194523