Algeria's GDP projected to grow 4.0% in 2024, driven by oil and gas, industrial, construction, and services sectors; shift from agriculture and manufacturing; potential donor country.

Algeria's GDP is projected to grow 4.0% in 2024 and 3.7% in 2025, driven by oil and gas, industrial, construction, and services sectors, according to the African Development Bank Group's (AfDB) Country Report 2024. The shift to the services sector from agriculture and manufacturing is ongoing. The report suggests that Algeria could become a donor country supporting Africa's development programs, having joined the African Development Fund (AFD-16) in 2023. Further economic reforms are needed for structural transformation, with focus on domestic funding mobilization and public finance sustainability.

August 12, 2024
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