Algeria: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Algeria
IMF Staff Country Reports, June 1, 2017
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- Algeria: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Algeria
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Bibliographic details
- Published: June 1, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484302668.002
Key findings on economic performance and vulnerabilities
- Overall economic activity was resilient in 2016.
- Growth in the nonhydrocarbon sector slowed to 2.9 percent in 2016, partly under the effects of spending cuts.
- Inflation increased from 4.8 percent in 2015 to 6.4 percent in 2016 and stood at 7.7 percent year over year in February 2017.
- Unemployment was 10.5 percent in September 2016 and remains particularly high among youth (26.7 percent) and women (20.0 percent).
- Despite fiscal consolidation in 2016, the fiscal and current account deficits remained large.
- Public debt increased, reflecting in part the assumption of government-guaranteed debt.
- International reserves, while still ample, have declined rapidly.
Subject areas and risks highlighted
- Banking; Financial institutions; State-owned banks
- Fiscal consolidation; Fiscal policy; Fiscal risks; Public financial management (PFM)
- Oil prices; Oil price shock
- Prices; Exchange rate; Exchange regime; Money market rate
- Support private sector development
Publication and document metadata (as provided)
- Pages: 65
- Volume: 2017
- Issue: 141
- Series: Country Report No. 2017/141
- DOI: https://doi.org/10.5089/9781484302668.002
- Stock No: 1DZAEA2017001
- ISBN: 9781484302668
- ISSN: 1934-7685
International Monetary Fund. Middle East and Central Asia Dept. "Algeria: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Algeria", IMF Staff Country Reports 2017, 141 (2017).
Content in this bundle
- Country Report