Home WORLD Algeria energy earnings drop 41% in 2015, posts $13.71bn trade deficit

Algeria energy earnings drop 41% in 2015, posts $13.71bn trade deficit

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Algeria’s energy earnings dropped 40.8 percent in 2015 from the previous year, causing a trade deficit of $13.71 billion after a $4.306 billion surplus in 2014, the Finance Ministry said.

Energy earnings reached $35.72 billion in 2015 against $60.3 billion the previous year, because of the sharp fall in global crude oil prices, according to figures released by the ministry and published by state media on Tuesday.

 

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