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November 6, 2024 | 2 months ago

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43.73 billion in exports by 2025: Hydrocarbons to drive growth

Significant revenues continue to be generated by oil and gas, enabling Algeria to pursue its economic reforms aimed at diversifying the domestic economy.

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According to the 2025 Finance Bill (PLF), Algeria expects oil revenues to reach $43.73 billion in 2025, based on a reference price of $60 per barrel, while the market price is estimated at $70 for 2025-2027. Primary energy production is expected to reach 206 million tons of oil equivalent in 2025, supported by significant investments by Sonatrach to reach an annual output of 160 billion m³ of natural gas by 2030.

Economic growth is projected at 4.5% in 2025, with non-hydrocarbon growth reaching 5%. By sector, industry is forecast to grow by 6.2%, agriculture by 4.4% and construction by 4.3%. GDP is projected to increase from $278.71 billion in 2025 to $308.13 billion in 2027.

Budget expenditures for 2025 are estimated at DZD 16,794.61 billion, an increase of 9.9% from 2024. Budget revenues are expected to grow by 3.5% to reach DZD 8,523.06 billion. Petroleum tax revenues are projected to reach DZD 3,453.96 billion.

November 6, 2024 | algeria-logo

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