The Report: Algeria 2014

Book excerpt: Non-hydrocarbons GDP growth has also been robust in recent years and is expected to rise to 4.25% in 2014 on the back of higher industrial output. Most production and investment is still driven by the public sector, but efforts to extend credit to the private sector and support business creation are beginning to show positive results. Algeria’s economic fundamentals remain strong compared to both the broader Maghreb and European markets. Solid financial reserves and rising domestic demand will help it to ride out commodity price volatility in the short term.