Algeria economic update 2022
Algeria's economy continued to recover in the first half of 2022, led by a return of oil production to pre-pandemic levels and a continued recovery of the service sector along with a more vigorous agricultural activity. The recovery should continue into 2023, supported by the nonhydrocarbon sector and public expenditure growth, according to this latest edition of the World Bank's Algeria Economic Update. The update is part of a series of twice-yearly reports analyzing Algeria's economic development trends and outlook. The analysis in the latest edition is based on economic data from the first quarter of 2022 and proxy data, such as nighttime lighting and employment opportunities for the second quarter of the year.
