Algeria: 2011 Article IV Consultation: Staff Report; Public Information Notice
IMF Staff Country Reports, January 31, 2012
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- Canonical URL
- Algeria: 2011 Article IV Consultation: Staff Report; Public Information Notice
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Bibliographic details
- Published: January 31, 2012
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781463934446.002
Summary and key findings
- Despite an uncertain international economic environment, the Algerian economy has been doing relatively well.
- Real nonhydrocarbon GDP growth in 2010 reached 6 percent.
- Total GDP growth in 2010 was 3 percent.
- Executive Directors welcomed Algeria’s overall good economic performance in recent years amid a difficult international economic environment.
- Executive Directors noted that significant challenges persist.
Economic performance (2010)
- Real nonhydrocarbon GDP growth: 6 percent.
- Total GDP growth: 3 percent.
Challenges and policy recommendations
- Authorities encouraged to renew efforts to preserve macroeconomic stability.
- Authorities encouraged to restore fiscal prudence.
- Authorities encouraged to diversify the economy with a stronger private sector.
Thematic subjects and keywords
- Subjects: Budget planning and preparation; Credit; Current spending; Expenditure; Money; Oil prices; Prices; Public financial management (PFM).
- Keywords: Algeria; break-even price; Budget planning and preparation; CR; Credit; Current spending; economy; fresh food price; GDP; Global; hydrocarbon GDP growth; ISCR; Maghreb; MFD expert; nonfood inflation; Oil prices; price; stabilization fund.