ALGIERS – Tuesday, 10 October 2023 (APS) – Algeria’s economic growth is expected to reach 5.3% in 2023, with a resilient economy facing a “fragile and uncertain” international situation, Prime Minister Aymen Benabderrahmane said at the lower house of Parliament on Tuesday.

“In the face of the fragile and uncertain international situation, Algeria has shown a resilience by maintaining a significant economic growth, which will amount to 5.3% in 2023,” Benabderrahmane said while presenting the General Policy Statement of the Government at the lower house of Parliament, met in a plenary session, under the presidency of the speaker, Brahim Boughali, in the presence of members of the government.

The document focuses on the achievements of the period between early September 2022 and late August 2023, with closing forecasts for the current year.

He added that the implementation of the government’s action plan came in an international economic context marked by “rapid change requiring that every State, including our country, adapt and bring a quick response to the concerns and aspirations of the society.”

The prime minister said non-hydrocarbon GDP growth was due to reach 4.9% in 2023 against 4.3% in 2022, adding that inflation stood at 9.5% over the first seven months of 2023, mainly driven by food products (+13,2%).