Contribution value of hydrocarbons to GDP in Algeria Q1 2019-Q3 2022
In the third quarter of 2022, the hydrocarbon sector in Algeria contributed around 2.5 trillion Algerian dinars (approximately 18 billion U.S. dollars) to the GDP, representing a peak in the period considered. From 2019 onwards, the value added by this sector fluctuated, decreasing considerably during the coronavirus (COVID-19) outbreak in the second quarter of 2020.
The oil and gas sector is of primary importance within the Algerian economy. The country exported over 23 billion U.S. dollars of crude oil and petroleum products in 2021. Moreover, oil rents accounted for around 10 percent of the GDP.
The oil and gas sector is of primary importance within the Algerian economy. The country exported over 23 billion U.S. dollars of crude oil and petroleum products in 2021. Moreover, oil rents accounted for around 10 percent of the GDP.
