Algeria’s President Abdelmadjid Tebboune has signed the country’s 2025 budget law, which projects GDP growth to reach 4.5% between 2025 and 2026.
Public spending in the country is set at approximately $126 billion for 2025, a 9.9% increase from 2024. Meanwhile, budgeted revenues for the year are estimated at $63.6 billion while the deficit is projected at $61.7 billion.
Key economic indicators project exports of $50.9 billion in 2025 while imports are expected to reach $49.07 billion, reaching a trade surplus of $4.83 billion. The 2025 budget anticipates a balance surplus of $1.17 billion and foreign exchange reserves of $72.95 billion.
According to a recent World Bank report, Algeria’s growth rate in the first half of 2024 reached 3.9%, with inflation falling to 4.3% in the first nine months of the year. The reported highlighted that investment and non-hydrocarbon sectors led the country’s economic momentum in the first half of 2024, with the budget forecasting a 5% growth in the non-hydrocarbon sector in 2025.
Algeria’s 2025 budget was based on a reference oil price of $60 per barrel for the 2025-2027 forecast period.
