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Algeria's GDP in 2022 stands at 233 bln USD: PM

ALGIERS
2023-09-18 03:57

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ALGIERS, Sept. 17 (Xinhua) -- Algeria's gross domestic product (GDP) reached 233 billion U.S. dollars in 2022, with an average per capita GDP of approximately 5,187 dollars, Algerian Prime Minister Aymen Benabderrahmane said on Sunday.

Benabderrahmane made the remarks at the 47th Ordinary Session of the Council of Arab Central Banks and Monetary Authorities Governors, during which he also said that Algeria has shown noteworthy progress in its economic and financial indicators despite global crises.

The North African country's trade balance reached a 26-billion-USD surplus in 2022, which is expected to continue at a similar pace in 2023, despite a decrease in hydrocarbon prices compared to the previous year, the prime minister added.

Benabderrahmane affirmed that Algeria is committed to diversifying its economy, broadening its revenue sources, and expanding its most productive investments.

The meeting in Algiers brought together governors and heads of Arab central banks and monetary institutions for two days of discussions on critical topics, including inflation and the effectiveness of monetary policies in the Arab region.
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