WASHINGTON- Algeria’s nominal gross domestic product (GDP) will reach $166 billion in 2016 against $172.3 billion in 2015, according to the forecasts of the International Monetary Fund (IMF) published Monday in its report on the growth prospects in the region of Middle-East, North Africa, Afghanistan, Pakistan.
In 2017, Algeria’s nominal GDP is expected to bounce back to $173.9 billion, according to the source.
At the budgetary level, Algeria will need, in 2016, oil price of $87.6 a barrel to reach its budgetary balance, against $109.8 a barrel in 2015, said the source.
Budgetary deficit will rise to 15% of GDP in 2016 (against 15.9% in 2015) and will shrink to 11.8% in 2017.
Inflation will remain stable reaching 4.3% in 2016 against 4.8% in 2015 before falling to 4% in 2017.
In 2016, Algeria will record a fall in exports estimated at $27.7 billion against $38.4 billion in 2015.
Imports will slightly fall in 2016 totalling $57.5 billion against $63.7 billion in 2015, before recording an upward trend in 2017 to reach $61.3 billion, according to IMF’s forecasts.
The deficit of the current account balance will reach -$28,3 billion in 2016 against -$27 billion in 2015. This deficit will stand at -$28.2 billion in 2017.