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November 18, 2024 | 2 months ago

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2025 Finance Bill projections: 5% non-hydrocarbon growth

Supporting investment and accelerating the diversification of the national economy's growth are among the priority objectives targeted by the Finance Bill 2025, now adopted by both houses of parliament and due to officially come into force on January 1.

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The 2025 Finance Bill aligns with Algeria's positive economic trajectory, projecting favourable growth over the next three years. Non-hydrocarbon GDP growth, a cornerstone of economic diversification, is expected to average 5% per year from 2025 to 2027, offsetting the expected slowdown in the hydrocarbon sector due to global market instability.

In 2024, non-hydrocarbon growth is estimated at 4.7%, driven by agriculture (+6.1%) and industry (+6.6%), the main drivers of national economic growth. In the medium term, these sectors are expected to maintain annual real growth rates of between 4.4% and 6.9%.

Meanwhile, non-hydrocarbon exports, which have already exceeded $7 billion, are expected to reach $29 billion by 2030, according to the government's foreign trade roadmap.

November 18, 2024 | algeria-logo

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