Algeria, July 29, 2018

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Algeria's GDP grew 1.3% in Q1 of 2018

Algeria’s Gross Domestic Product (GDP) grew by 1.3% in the first quarter of 2018 compared to the same period of 2017, the National Office of Statistics (ONS) told APS.

However, the first quarter of 2018 has been marked by the decline in the hydrocarbons sector growth by 2% compared to the same quarter of 2017.

Concerning the non-hydrocarbon growth, it was 2% compared to the first quarter of 2017, driven mainly by Agriculture and Fishing, Construction, Public Works and Hydraulic sectors (BTPH including oil services and public works) and Industry.

Indeed, agriculture and fishing growth rate hit 4.2%, that of the BTPH sector (including oil services and public works whose growth was 2%) is 4.7% while industry rate is 4.1%, added.

Regarding industry, out of the ten industrial subsidiaries, five ones posted positive growth rates, namely building materials (+ 12.1%), water and energy (+ 8.2%), food processing industry (+ 6.1%) and chemicals, plastic and rubber sector (+ 3%) and wood, paper and cork (+ 1.8%).

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