Algeria’s banking sector has held up relatively well. Credit growth remained in positive territory through the first three quarters of 2017, albeit having slowed from the double-digit rates seen prior to 2016. Lenders are capitalised well in excess of Basel III norms, while profitability remains high, particularly among private sector banks. Internet and mobile banking are still in the early...
Algeria
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Chapter | Financial Services from The Report: Algeria 2017
Despite the collapse of oil weighing heavily on the Algerian economy, it is still the largest and most prosperous in the Maghreb. Although it remains relatively closed, with foreign investors barred from taking majority stakes in local firms or projects since 2008, the private sector’s economic contribution has expanded significantly; it grew to 70% of GDP by 2015, and economic output...
Chapter | Country Profile from The Report: Algeria 2017
Algeria is a major producer of hydrocarbons, which are crucial contributors to the economy. It has the third-largest proven oil reserves on the continent, though it is facing substantial fiscal challenges due to the sharp fall in the international price of oil in 2014 and 2015. In contrast to many other countries in the region, Algeria has maintained its political stability, while its...
The collapse in oil prices has weighed on the Algerian economy, giving rise to twin deficits in the budget and current account. In mid-2016 the government introduced a bold medium-term plan that targets a balanced budget by 2020, alongside a new growth model with a strategy for economic development and diversification by 2030. These moves have coincided with the private sector playing a much stronger role in the economy.
La solidité de l’économie algérienne s’est renforcée en 2017 grâce à la hausse des recettes issues du secteur énergétique, aux mesures de contingentement des importations et à l’augmentation des recettes fiscales. Néanmoins, la dépendance continue du pays aux recettes issues de la vente d’hydrocarbures le laisse exposé aux chocs extérieurs.
Economic update | Le développement des infrastructures et des compétences professionnelles, au cœur de la stratégie touristique algérienne
29 Nov 2017
Des investissements accrus dans le renforcement de la capacité hôtelière et dans les ressources humaines devraient stimuler la croissance du secteur touristique algérien, à l’heure où le pays cherche à doper son nombre de visiteurs dans le cadre d’une stratégie globale de diversification de son économie.