We found 11 online brokers that are appropriate for Trading Algeria Economic Forecast Investment Platforms.
Almost 98% of Algeria's exports consist of hydrocarbons (oil, natural gas, coal & others). As such, most of the collected tax (almost 60%) also comes from hydrocarbons. IMF estimates that this sector alone accounts for 19% of the country's GDP.
During COVID-19, the price of most commodities recorded a decline. However, crude oil witnessed a more sharp decline than the rest of hydrocarbons. As a result, GDP was significantly lower in 2020 as tax collections declined. Looking ahead, the Algerian economy will need diversification to avoid over-reliance on oil revenues.
Construction, housing, trade, agriculture, and the public works sector slowed in 2020 as COVID-19 infections peaked.
Any volatility in the oil prices can directly affect the demand side in Algeria. As crude oil demand, as well as prices, fell to a new low, also imports took a hit. This was followed by rising political tension, which weighted negatively on private consumption.
In 2020, the GDP growth rate was -6% which means the gross domestic product was shrunk instead of expanding. As oil prices have stabilized and demand is also slowly rising, it will help Algeria's GDP grow by 2.9% in 2021, followed by 2.8% growth in 2024. However, all of that depends on positive growth in top economies such as China, Brazil, the USA, Germany, etc.
Most oil-rich countries usually have healthy foreign exchange reserves. Algeria is also no exception as it is blessed with vast reserves of crude oil and gas. From time to time, the country has used its foreign reserves to fill the budget gaps caused by fluctuation in oil prices. As the year 2020 was not so good for hydrocarbons, the Algerian government had to spend more from its reserves to stabilize the economy and also to fund the budget. The latest IMF data suggests that the country's foreign reserves fell to $44.2 billion in 2020. Before the COVID-19 became a global phenomenon, the IMF estimate was around $51.6 billion.
Oil prices also affected the export-based revenue of the year 2020. Compared to an earlier forecast of 37.4 billion dollars, the country only managed to earn 20.6 billion dollars from its exports.
In just 1 year, tax collection decreased significantly & as such, revenue from taxes dropped by 21%. This led to a rise in the current account deficit, which was at 10.5% in 2020. Under normal circumstances, the government would have lower its expenditure, but COVID-19 required a special fiscal policy. The government is using various means to plug the gap in the current account, which includes using foreign exchange reserves and getting money out of informal economic sectors.
Public debt is a measure of how much a country owes to foreign lenders, which was recorded at 53.1% in 2020. With the uncertainty caused by COVID-19, the public debt is expected to rise to 63.3% of GDP. In 2024, the IMF forecast for public debt is 73.9%.
The top 3 reasons which increased the public debt are:
The country is still in a recession, and if things do not improve, Algeria will have to take new loans from foreign banks and institutes.
Besides all the drama and economic tension, the country is also facing another immediate crisis... That is the insufficient reserves of natural gas. Even if Algeria signs new agreements, it can not supply enough natural gas. So the income from natural gas is going to stay capped in the near future.
If new reserves of natural gas are not found & developed, then the country's gas exports will fall down. Last year (2020), gas export was around 45 bcm. In the next 5 years (2025), gas exports will fall down to 26 bcm.
The inflation rate is set to double in 2021. The year 2020 recorded an inflation rate of 2.4%. It is set to double by year-end and reach 4.9% in 2021.
In an effort to diversify the power generation sector, the country is moving towards solar energy. With this move, the country will not have to rely on traditional hydrocarbon energy sources and will also prolong the life of natural reserves.
IMF estimates do not paint a good story for the country's labor market. The unemployment rate was 14.1% in 2020 and is expected to reach 14.5% of the population in 2024. By 2025, the IMF forecast for the unemployment rate is 14.9%.
Living standards are also very different for those living in rural areas and cities. This difference is not good for the country's economy as it shows that the government is not focusing on the development of backward areas.
Besides COVID-19, the government will also have to keep an eye on the radical groups which pose a serious threat to the country.
May experts forecast that the world will return to normal in the next few years. Once an economic rebound in the world economy happens, it will cause a rise in hydrocarbon prices. This means that positive economic growth for the Algerian economy is ahead in 2024 and 2025.
We have conducted extensive research and analysis on over multiple data points on Algeria Economic Forecast to present you with a comprehensive guide that can help you find the most suitable Algeria Economic Forecast. Below we shortlist what we think are the best Algeria Economic Forecast Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Algeria Economic Forecast.
Selecting a reliable and reputable online Algeria Economic Forecast Investment Platforms trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Algeria Economic Forecast Investment Platforms more confidently.
Selecting the right online Algeria Economic Forecast Investment Platforms trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for Algeria Economic Forecast Investment Platforms trading, it's essential to compare the different options available to you. Our Algeria Economic Forecast Investment Platforms brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a Algeria Economic Forecast Investment Platforms broker that best suits your needs and preferences for Algeria Economic Forecast Investment Platforms. Our Algeria Economic Forecast Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Algeria Economic Forecast Investment Platforms.
Compare Algeria Economic Forecast Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Algeria Economic Forecast Investment Platforms broker, it's crucial to compare several factors to choose the right one for your Algeria Economic Forecast Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Algeria Economic Forecast Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Algeria Economic Forecast Investment Platforms that accept Algeria Economic Forecast Investment Platforms clients.
Broker | IC Markets | Roboforex | XTB | XM | Pepperstone | AvaTrade | FP Markets | NordFX | EasyMarkets | SpreadEx | FXPro |
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) | Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) |
Min Deposit | 200 | 10 | No minimum deposit | 5 | 200 | 100 | 100 | 1 | 100 | 1 | 100 |
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Used By | 180,000+ | 1,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 10,000+ | 142,500+ | 10,000+ | 1,866,000+ |
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Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Tablet & Mobile apps | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps |
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Learn More |
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Up with icmarkets |
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Up with roboforex |
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Up with xtb |
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Up with xm |
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Up with pepperstone |
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Up with avatrade |
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Up with fpmarkets |
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Up with nordfx |
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Up with easymarkets |
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Up with spreadex |
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Up with fxpro |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
Demo |
IC Markets Demo |
Roboforex Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
NordFX Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, CA, EU, RU, SY, KP, CU | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | US, CA, IR |
You can compare Algeria Economic Forecast Investment Platforms ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Algeria Economic Forecast Investment Platforms for 2024 article further below. You can see it now by clicking here
We have listed top Algeria Economic Forecast Investment Platforms below.