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Country Report Algeria April 2011
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HTMLOutlook for 2011-15: Forecast summary
| Forecast summary | ||||||
| (% unless otherwise indicated) | ||||||
| 2010a | 2011b | 2012b | 2013b | 2014b | 2015b | |
| Real GDP growth | 4.1 | 3.7 | 4.2 | 4.4 | 4.4 | 4.3 |
| Crude oil ('000 b/d) | 1,250c | 1,279 | 1,360 | 1,450 | 1,560 | 1,561 |
| Natural gas production (bn m3) | 81 | 79 | 79 | 80 | 81 | 83 |
| Hydrocarbons exports (US$ bn) | 55.5 | 69.7 | 71.9 | 76.8 | 87.0 | 100.6 |
| Unemployment rate (av) | 10.0c | 9.9 | 9.4 | 9.2 | 9.1 | 9.0 |
| Consumer price inflation (av) | 3.9c | 4.8 | 4.6 | 5.1 | 5.4 | 5.3 |
| Consumer price inflation (end-period) | 2.7c | 5.7 | 4.9 | 5.3 | 5.4 | 5.2 |
| Government balance (% of GDP) | -3.0 | -2.0 | -1.9 | -3.4 | -2.4 | -0.6 |
| Exports of goods fob (US$ bn) | 56.0 | 71.9 | 74.5 | 79.8 | 90.5 | 104.6 |
| Imports of goods fob (US$ bn) | 38.3 | 46.5 | 52.2 | 58.9 | 68.1 | 81.9 |
| Current-account balance (US$ bn) | 5.2 | 10.9 | 5.1 | 0.5 | -2.9 | -6.2 |
| Current-account balance (% of GDP) | 3.5 | 6.5 | 2.7 | 0.2 | -1.3 | -2.8 |
| External debt (end-period; US$ bn) | 4.1 | 4.5 | 5.0 | 5.9 | 7.5 | 9.1 |
| Exchange rate AD:US$ (av) | 74.39c | 76.50 | 71.81 | 70.23 | 69.57 | 71.00 |
| Exchange rate AD:US$ (end-period) | 74.94c | 74.16 | 71.02 | 69.90 | 70.40 | 71.94 |
| Exchange rate AD:¥100 (av) | 84.64c | 93.87 | 88.65 | 86.70 | 84.71 | 85.03 |
| Exchange rate AD:€ (av) | 98.62c | 100.02 | 89.76 | 84.45 | 85.40 | 90.53 |
| a Economist Intelligence Unit estimates. b Economist Intelligence Unit forecasts. c Actual. | ||||||
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