{"id":57743,"date":"2017-07-19T20:17:00","date_gmt":"2017-07-19T22:17:00","guid":{"rendered":"https:\/\/escaesco.com.br\/lab\/anba\/algerias-gdp-increased-3-7-in-q1\/"},"modified":"2024-02-21T22:26:39","modified_gmt":"2024-02-22T01:26:39","slug":"algerias-gdp-increased-3-7-in-q1","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/algerias-gdp-increased-3-7-in-q1\/","title":{"rendered":"Algeria\u2019s GDP increased 3.7% in Q1"},"content":{"rendered":"<p>Algiers &ndash; Algeria&rsquo;s Growth Domestic Product (GDP) rose 3.7% in Q1 of 2017 in comparison to the same period of 2016 in real terms, according to information published this Wednesday (19) by news agency <em>Alg&eacute;rie Presse Service (APS)<\/em>. In the first three months of last year, the country&rsquo;s economy had grown 3.9% over the January-to-March period of 2015. The data is from the National Statistics Office (ONS, in the French acronym).<\/p>\n<p>According to ONS, it was a &ldquo;significant&rdquo; growth, attributed to a recovery by the oil, gas and products industry, which registered an increase of 7.1% in Q1 of this year, against 2.6% in Q1 2016. The oil price in the international markets was, on average, higher in January to March of 2017 than in the same period of last year.<\/p>\n<p>The output of oil, gas and products went up 2.5% from January to March of 2017. According to <em>APS<\/em>, extraction of crude oil and natural gas expanded for the fourth consecutive quarter. If considered only the primary activities, refining not included, the growth reached 3.6%;<\/p>\n<p>The refining of crude oil increased 2.3% in Q1 of this year, after two consecutive declines. Gas liquefaction, however, dropped 2.2% in the period. Natural gas is liquefied for the export in ships.<\/p>\n<p>Meanwhile, agricultural activities grew 3% from January to March, against 4.8% in the same period of last year. This performance, added to other non-oil sectors resulted in an improvement of 2.8% in Q1 2017, against 4% a year before.<\/p>\n<p>The GDP in current values, that is, the nominal GDP, with being inflation-adjusted, went up 13.1% in Q1, against a drop of 0.4% in the first three months of last year. In this sense, the increase in the general price index in the period reached 9.1%, against a decline of 4.2% registered in Q1 2016. <\/p>\n<p>Algeria&rsquo;s Finance Law for 2017 forecasts a 3.9% growth for the country&rsquo;s economy in the year. <\/p>\n<p><strong>*Translated by S&eacute;rgio Kakitani<\/strong><\/p>\n<div class=\"credits-overlay\" data-target=\".wp-image-190119\">APS Photo<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The performance is attributed to the oil industry, which registered 7.1% growth in the same period. The country increased output and benefited from a higher average oil price.<\/p>\n","protected":false},"author":2316,"featured_media":190119,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[],"class_list":{"0":"post-57743","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"wps_subtitle":"The performance is attributed to the oil industry, which registered 7.1% growth in the same period. The country increased output and benefited from a higher average oil price.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/57743","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=57743"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/57743\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/190119"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=57743"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=57743"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=57743"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}