Evening - 5 Sectors Driving Economic Shift
Algeria expects five sectors outside the oil and gas industry—namely manufacturing, agriculture, services, construction, and electricity and gas—to drive economic growth during the years 2027-2029. The gross domestic product (GDP) of these sectors is anticipated to grow annually at a rate ranging between 4.2% and 5.9%, with a continued increase in the overall value of economic activity. It is estimated that the total non-oil GDP will reach approximately 58,194 billion dinars by 2029. The policies include supporting high value-added local industries, promoting the development of the mining sector, and improving transportation and logistics infrastructure. Additionally, there is a focus on diversifying economic activities and increasing agricultural output, especially grains, with the aim of reducing dependence on oil and boosting non-oil exports.
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