During 2022, the Algerian economy recorded a growth in domestic product of 3.2 percent, driven by increased growth in non-oil sectors, compared to a contraction of 5.1 percent in 2020 as a result of the shock resulting from the Corona epidemic, and then a growth of 3.4 percent in 2021. According to a report issued Talk about the Central Bank of Algeria.
The report added that this performance reflects the dynamism of economic activity in Algeria, as the volume of gross domestic product outside hydrocarbons moved from 2.3 percent in 2021 to 4.3 during the year 2022, while the growth rate of the hydrocarbon sector declined by 0.6 percent in 2022 after strong growth recorded in the previous year of 10.5 percent. .
The agricultural sector also witnessed a growth of 5.8 percent and an almost stable growth in terms of size for the industrial sector at 5.2 percent in 2022, while marketed services recorded a growth of 5.5 percent over the past year compared to 4.9 percent in 2021, while non-marketed services grew by 2.8 percent in 2022 compared to 1.5 percent in 2021.
On the other hand, the total balance of the Algerian balance of payments increased during the year 2022, recording a surplus of $18.47 billion compared to a deficit of $1.48 billion the previous year, according to data from the Bank of Algeria.
The report said that the level of foreign exchange reserves in the country rose to $60.99 billion last year, with the volume of loans directed to the economy increasing by 3.3 percent, compared to a decrease of 12.4 percent in 2021.
However, the report noted that inflationary pressures, especially those arising from imports, remain, which constitutes a major challenge in the short and medium term.
2023-11-27 05:59:54
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