Publication:
Algeria Economic Update, Spring 2024: Investing in Data for Diversified Growth

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dc.contributor.authorWorld Bank
dc.date.accessioned2024-05-23T19:37:40Z
dc.date.available2024-05-23T19:37:40Z
dc.date.issued2024-05-23
dc.description.abstractAlgeria’s growth was robust in 2023, and inflation started to decelerate. GDP growth accelerated to 4.1 percent, supported by hydrocarbon sector growth, as natural gas production compensated for successive crude oil production quota cuts. Non-extractive GDP growth reached 3.7 percent as investment growth accelerated, supported by a marked recovery in public investment, and leading to a surge in imports. Private consumption remained dynamic, stimulated by growing public sector wages, and pulling sectors serving households. Inflation remained at 9.3 percent over 2023 but moderated to 5.0 percent year-on-year in the first quarter of 2024, amidst a sustained decline in fresh food prices, a strong dinar, and lower import prices. Continuing to strengthen data systems would support investment and public policymaking. In 2023 and 2024, digitalization efforts accelerated, as did efforts from the Bank of Algeria and ONS to strengthen their publications, with notably the first GDP rebasing. The alternative data sources used in this report, such as satellite data on crop development or nighttime lights, represent a useful complement to conventional economic and social statistics. Yet, improving the availability, granularity, and timeliness of official economic data, most notably relating to activity, investment, and the labor market, remains of utmost importance. Enhanced data systems would support the authorities’ pivot towards performance-based budgeting and support evidence-based policymaking. They would also provide accurate and exhaustive economic data to researchers and analysts, potential domestic and international investors, alleviating economic uncertainty and fostering investment.en
dc.identifierhttp://documents.worldbank.org/curated/en/099728005212488535/IDU11df7b2e8125b7140881b35f1c055e9067a97
dc.identifier.doi10.1596/41591
dc.identifier.urihttps://hdl.handle.net/10986/41591
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.rightsCC BY-NC 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by-nc/3.0/igo
dc.subjectECONOMIC GROWTH
dc.subjectDATA SYSTEMS
dc.subjectSDG 8
dc.subjectSDG 9
dc.subjectINDUSTRY, INNOVATION AND INFRASTRUCTURE
dc.titleAlgeria Economic Update, Spring 2024en
dc.title.subtitleInvesting in Data for Diversified Growthen
dc.typeReport
dspace.entity.typePublication
okr.crossref.titleAlgeria Economic Update, Spring 2024: Investing in Data for Diversified Growth
okr.date.disclosure2024-05-23
okr.date.lastmodified2024-05-21T00:00:00Zen
okr.date.lastmodified2024-05-21T00:00:00Zfr
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.docurlhttp://documents.worldbank.org/curated/en/099728005212488535/IDU11df7b2e8125b7140881b35f1c055e9067a97
okr.guid099728005212488535
okr.identifier.docmidIDU-1df7b2e8-25b7-4088-b35f-c055e9067a97
okr.identifier.doihttps://doi.org/10.1596/41591
okr.identifier.externaldocumentum34322616
okr.identifier.internaldocumentum34322616
okr.identifier.report190476
okr.import.id4241
okr.importedtrueen
okr.importedtruefr
okr.language.supporteden
okr.language.supportedfr
okr.pdfurlhttp://documents.worldbank.org/curated/en/099728005212488535/pdf/IDU11df7b2e8125b7140881b35f1c055e9067a97.pdfen
okr.pdfurlhttp://documents.worldbank.org/curated/en/099735405212413240/pdf/IDU1c761401c1264614b1f18d621769ef4d7d61b.pdffr
okr.region.administrativeMiddle East and North Africa
okr.region.countryAlgeria
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicInformation and Communication Technologies::ICT Applications
okr.txturlhttp://documents.worldbank.org/curated/en/099735405212413240/text/IDU1c761401c1264614b1f18d621769ef4d7d61b.txtfr
okr.unitMNA External Affairs (ECRMN)
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