## Algeria: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Algeria

_IMF Staff Country Reports, June 1, 2017_

## Source details

**Canonical URL:** [Algeria: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Algeria](https://www.imf.org/en/publications/cr/issues/2017/06/01/algeria-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-44960)

## Other formats

- [Markdown version](/en/publications/cr/issues/2017/06/01/algeria-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-44960/index.md)
- [Structured JSON version](/en/publications/cr/issues/2017/06/01/algeria-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-44960/index.json)
- [Bundle manifest](/en/publications/cr/issues/2017/06/01/algeria-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-44960/bundle-manifest.json)

## 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**
  - [Country Report (Markdown version)](/-/media/files/publications/cr/2017/cr17141.pdf.md){rel="alternate" type="text/markdown"}
  - [Country Report (PDF)](/-/media/files/publications/cr/2017/cr17141.pdf){rel="external" type="application/pdf"}

---

_Source: https://www.imf.org/en/publications/cr/issues/2017/06/01/algeria-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-44960_