Algeria’s GDP has more than tripled in 10 years

ALGIERS – The value of Gross Domestic Product (GDP) in Algeria has more than tripled in 10 years, from 4123.5 billion dinars (54.8 billion dollars) in 2000 to 14,481,000,000 in 2011 AD (198, 8 billion dollars) thanks to public investment by the government to boost economic growth, says the Office for National Statistics (ONS). growth GDP grew at an average annual 4.2% during this period it has evolved sawtooth from 3.8% in 2000 with a peak of 7.2% in 2003 before falling to 3.6% in 2010 and 2.6% in 2011, according to a publication of accounts economic, published for the first time by the NSO. The non-oil GDP has experienced the same trend during the reference period, also moving from 3.8% in 2000 to 7% in 2007 to a peak of 9.6% in 2009 and 5.7% in 2011.nonagricultural GDP reached 1.9% in 2011 against 3.5% in 2010, according to the ONS found that growth of non-oil GDP and non-farm was respectively 5% against 6.5%. Per capita, GDP increased from 4,496.4 in 2010 to 5,413.8 dollars per year in 2011 dollars, says the same source.Economic growth in Algeria during these ten years was made ​​possible thanks to investment demand supported by public investment program, stressed the APS Zidouni Hamid, Deputy Director General of the NSO. Besides public investment program, this economic growth was supported by “the improving the performance of certain sectors such as BTPH, “he said, as relavant Household final consumption has certainly played a positive role in the dynamics of aggregate demand.Household consumption has displayed 2011 growth of 6.1%, against 5.9% in 2010. Improving household demand has been the source of this “good performance”, which was consolidated mainly by salary increases and various schemes for compensation. growth, however, “is to some extent vulnerable to certain exogenous factors such as oil prices and weather conditions, “he noted. contribution to this growth sector was both “mixed and differentiated.” This is particularly agriculture which contributed 8.6%, hydrocarbons (38.3%), industry (4.9%), the BTPH (9.8%) , merchant services (hotels, cafes, restaurants) with 21.1% and non-market services (administrations, hospitals …) with 17.3%. aps

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