Middle East Economic Survey

VOL. L

No 8

19-Feb-2007

ALGERIA

Drop In Hydrocarbon Output Reduced Algeria GDP Growth To 3% In 2006, Says IMF

Algerias real GDP growth declined to about 3% in 2006 due to a drop in hydrocarbon output, the IMF said following Article IV consultations on 10 January. Non-hydrocarbon GDP growth is expected to average 4.5% in 2006, underpinned by sustained activity in the construction sector. The IMF said Algerias 2005-09 public investment program increased considerably and as...