BANK OF ALGERIA QUARTERLY STATISTICAL BULLETIN

Transcription

1 BANK OF ALGERIA QUARTERLY STATISTICAL BULLETIN N 37 : March 2017

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3 INDEX Monetary and Financial Statistics: 1 - BANK OF ALGERIA Page number 1.1 Aggregated Balance sheet of the Bank of Algeria Detailed Balance sheet of the Bank of Algeria COMMERCIAL BANKS /OTHER DEPOSITORY CORPORATIONS 2.1 Aggregated Balance sheet of the Commercial banks Detailed Balance sheet of the Commercial banks MONETARY SURVEY 3.1 Monetary survey Credit to the economy by maturity (Net repurchasing) Credit to the economy by sector (Net repurchasing) Banking deposits structure BALANCE OF PAYMENTS 4.1 Balance of payments EXTERNAL DEBT 5.1 The Outstandings External Debt and its structure The Main rates 6 - MONETARY AND FINANCIAL MARKET 1. The Central Bank operations' interest rates Interbank market rates Government securities rates Evolution of the Central Bank's re-discount rate EXCHANGE RATE 7.1 Exchange rate (Average values) Exchange rate (End of period) The International exchange rate 22 Real sector statistics 8 - REAL SECTOR 8.1 Gross Domestic Product by sector at current prices EXPORTS AND IMPORTS 9.1 Hydrocarbon exports The exports and imports composition PRICES 10.1 Consumer price index (Base 2001) Consumer price changes on average 29

4 LIST OF FIGURES G 1.1 Main items of the Bank of Algeria balance sheet 6 G 2.1 Main items of the Commercial banks balance sheet 8 G 3.1 Monetary indicators 10 G 3.2 Credit to the economy by maturity (Net repurchasing) 12 G 3.3 Credit to the economy by sector (Net repurchasing) 13 G 3.4 Banking deposits structure 14 G 5.1 Outstandings External Debt 16 G 6.2 Rediscount rate 19 G 7.1&2 Commercial exchange rates 23 G 7.3 International exchange rates 23 G 8.1 Gross Domestic Product at current prices 27 G 9.2 The exports and imports evolution 28 G 10.1 Consumer price index 30 G 10.2 Consumer price changes on average per year (annual average inflation) 30

5 Monetary and Financial Statistics:

6 In billion of dinars In billion of dinars BANK OF ALGERIA 1.1 Aggregated Balance sheet of the Bank of Algeria (Values in billion of dinars- End of period) Assets Liabilities Net Foreign Assets Claim on Central Government Claim on Deposit Takers "Banks" Other claims Broad money Currency in circulation Banks and other financial instututions Deposits Other items net ,7 (-) 5 712,2-2, , ,2 711,9 (-) 5 513, déc ,2 (-) 5 646,7-1, , ,6 890,2 (-) 5 484, ,5 (-) 4 487,9-1, , ,6 938,4 (-) 6 665, déc ,6 (-) 2 156,4-1, , , ,7 (-) 8 147, Jan ,6 (-) 1 489,4-1, , , ,8 (-) 8 294,2 Feb ,5 (-) 1 149,4-2, , ,9 935,9 (-) 8 625,4 Mar ,4 (-) 1 058,2-1, , ,6 979,3 (-) 8 627,2 Apr ,8 (-) 904,0-1, , , ,2 (-) 8 542,7 May ,9 (-) 894,7-2, , ,3 722,2 (-) 8 747,7 Jun ,7 (-) 832,4-2, , ,8 677,7 (-) 8 336,9 Jul ,7 (-) 757,8-2, , ,7 603,4 (-) 8 192,9 Aug ,3 (-) 1 134,3 111,1 2, , ,8 742,7 (-) 7 368,6 Sept ,9 (-) 976,9 235,3 2, , ,1 769,4 (-) 7 325,7 Oct ,9 (-) 863,9 280,7 2, , ,0 975,9 (-) 6 952,9 Nov ,1 (-) 663,5 210,4 2, , ,9 955,9 (-) 6 927,2 Dec ,2 (-) 870,1 432,6 2, , ,9 834,2 (-) 6 857,7 (Monthly changes in billion of dinars) ,3 (-) 60,7 - (-) 0,0 (-) 100,8 (-) 33,9 (-) 66,9-84, déc. (-) 275,4 90,2 - (-) 0,0 (-) 4,9 (-) 12,2 7,2 180, (-) 3,5 195,0 - (-) 0,0 (-) 225,7 (-) 4,6 (-) 221,1-417, Dec (-) 324,9 246,2-0,0 3,2 (-) 8,3 11,4 81, Jan (-) 299,9 666,9-0,1 220,3 89,2 131,1-146,8 Feb (-) 193,1 340,0-0,2 (-) 184,0 47,9 (-) 231,9-331,1 Mar (-) 7,1 91,2 - (-) 0,1 82,2 38,8 43,4-1,8 Apr (-) 158,5 154,2 - (-) 0,0 80,0 35,1 44,9 84,5 May (-) 88,9 9,3-0,1 (-) 284,5 17,6 (-) 302,1-205,0 Jun (-) 447,2 62,4-0,0 26,1 70,6 (-) 44,5 410,9 Jul (-) 228,0 74,6 - (-) 0,0 (-) 9,5 64,9 (-) 74,3 143,9 Aug (-) 381,4 (-) 376,5 111,1 (-) 0,0 177,4 38,1 139,3 824,4 Sept (-) 248,4 157,4 124,3 (-) 0,0 76,1 49,3 26,7 42,9 Oct (-) 330,0 113,0 45,4 (-) 0,0 201,2 (-) 5,2 206,4 372,8 Nov (-) 195,8 200,4-70,4 0,1 (-) 40,0 (-) 20,0 (-) 20,0 25,6 Dec (-) 250,0 (-) 206,6 222,3 0,0 (-) 164,8 (-) 43,1 (-) 121,7 69,5 * Starting from January 2007, the monetary base includes deposits of non-banking financial institutions G 1.1 The Main items of the Bank of Algeria balance sheet The Main items of the Bank of Algeria balance sheet Monetary Base structure Dec Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Dec Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Net Foreign Assets Claim on Central Government Broad money Broad money Currency in circulation Dépôts banques + établissements financiers Net Foreign Assets QUARTERLY STATISTICAL BULLETIN-March

7 1.2 Detailed Balance sheet of the Bank of Algeria (Values in billions of dinars- End of period) 1. Assets TOTAL ASSETS Reserve position in the Fund Monetary gold FOREIGN ASSETS Payments agreements assets SDR Holdings Foreign Assets CLAIM ON CENTRAL GOVERNMENT Advances to Treasury Deposits to post offices Other advances CLAIM ON DEPOSIT TAKERS* AND ON OBFI** OTHER CLAIMS OTHER ASSETS' ITEMS ,6 49,7 1,1 0,3 129, ,5 0,0 7,9 0,0 0,0 2, , déc ,0 54,7 1,1 0,3 129, ,3 0,0 4,0 0,0 0,0 1,8 307, ,8 59,7 1,1 0,3 136, ,2 0,0 1,6 1,2 0,0 1,7 226, ,0 58,3 1,1 0,4 159, ,4 0,0 1,5 0,0 0,0 1,7 245, Jan ,3 58,2 1,1 0,4 159, ,1 0,0 2,2 0,0 0,0 1,8 314,2 Feb ,6 28,1 1,1 0,4 134, ,5 0,0 1,9 0,0 0,0 2,0 496,1 Mar ,1 28,8 1,1 0,4 137, ,6 0,0 1,6 0,1 0,0 1,9 526,9 Apr ,5 29,1 1,1 0,4 139, ,2 0,0 7,1 0,0 0,0 1,9 529,7 May ,7 29,2 1,1 0,4 139, ,0 0,0 3,6 0,4 0,0 2,0 583,5 Jun ,9 29,0 1,1 0,4 138, ,8 276,0 3,4 0,0 0,0 2,0 768,4 Jul ,7 28,9 1,1 0,4 138, ,0 276,0 3,1 0,0 0,0 2,0 816,9 Aug ,3 28,8 1,1 0,4 137, ,8 276,0 2,8 0,5 111,1 2,0 920,5 Sept ,1 28,8 1,1 0,4 137, ,2 276,0 2,5 0,4 235,3 2,0 941,6 Oct Nov Dec ,7 28,4 1,1 0,4 135, ,6 276,0 2,3 0,4 280,7 2, , ,3 28,2 1,1 0,4 134, ,9 276,0 2,0 0,2 210,4 2, , ,5 27,9 1,1 0,4 133, ,4 0,0 1,7 0,4 432,6 2,1 359,2 BROAD MONEY FOREIGN LIABILITIES STATE DEPOSITS 2.LIABILITIES TOTAL LIABILITIES Currency in circulation Commercial banks deposits* at CBA Other financial institutions' deposits ** Short term borrowings International Payments Loans from IMF Treasury Ministries Other State Deposits OTHER LIABILITIES' ITEMS , ,2 688,2 23,8 52,1 0,8 0, ,5 2,7 4, , déc , ,6 863,1 27,1 0,6 1,0 0, ,2 5,6 1, , , ,6 912,3 26,1 0,4 1,3 0, ,2 1,5 1, , , , ,9 16,8 0,7 1,6 0, ,6 1,1 5,1 Jan , , ,6 22,2 0,7 1,8 0, ,9 1,1 2,7 Feb , ,9 904,5 31,4 0,6 1,5 0, ,0 1,1 2,3 Mar , ,6 948,7 30,6 0,6 1,6 0, ,9 1,0 13,0 Apr , , ,0 20,3 0,6 1,4 0,0 906,6 1,0 3,5 May , ,3 691,2 30,9 0,6 1,7 0,0 893,0 1,0 4,8 Jun , ,8 657,6 20,1 0,6 1,7 0, ,9 1,0 5,9 Jul , ,7 580,5 22,9 0,5 1,5 0, ,1 1,0 4,8 Aug , ,8 727,6 15,1 0,6 1,6 0, ,6 0,9 4,1 Sept , ,1 746,0 23,5 0,6 1,7 0, ,4 0,7 3, , , , , , , , , , ,3 Oct Nov , ,0 963,3 12,5 0,7 1,7 0, ,8 1,2 4, , ,9 933,1 22,8 0,7 1,6 0,0 931,1 5,0 5, , , , ,9 820,9 13,2 0,7 1,6 0,0 864,2 1,0 7,0 Dec * Other Depository corporations ** Includes other banking institutions and insurance companies from July ,9 QUARTERLY STATISTICAL BULLETIN-March

8 Commercial banks /Others Depository Corporations 2.1 Aggregated Balance sheet of the Commercial banks (Values in billions of dinars- End of period) Dec Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec RESERVES* 1 091, , , , ,3 779,9 714,2 733,3 702,3 838, , ,6 887,8 FOREIGN ASSETS 57,5 55,8 58,6 66,0 70,0 62,5 66,1 69,2 66,2 70,4 66,4 64,4 62,4 CLAIM ON CENTRAL GOVERNMENT 2 031, , , , , , , , , , , , ,3 CLAIM ON PUBLIC SECTOR 3 688, , , , , , , , , , , , ,8 CLAIM ON PRIVATE SECTOR 3 586, , , , , , , , , , , , ,4 DEMAND DEPOSITS 3 891, , , , , , , , , , , , ,3 TERM DEPOSITS 4 443, , , , , , , , , , , , ,2 PRIOR IMPORT DEPOSITS 627,5 701,3 817,8 737,9 776,6 821,6 806,1 811,5 813,4 761,2 741,1 744,9 714,5 SHORT TERM LIABILITIES 204,6 192,3 195,5 178,9 180,0 180,1 172,4 169,2 171,1 154,9 153,3 142,3 160,5 LONG AND MEDIUM TERM LIABILITIES 3,7 3,8 3,8 3,9 3,9 3,8 3,9 3,8 3,8 3,8 3,8 3,6 3,5 STATE DEPOSITS 551,8 585,0 560,1 567,3 527,0 281,4 314,9 305,6 310,5 305,4 292,4 288,6 402,4 FUNDS LOANS PAID BY THE STATE 25,1 24,5 24,2 24,0 23,8 23,3 22,9 22,6 21,4 22,1 21,8 21,4 20,6 CBA' CREDITS 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 235,3 280,7 210,4 432,6 OTHER ITEMS NETS 707,6 466,5 244,4 546,8 748,8 765, , , , , , , ,0 Starting from January 2007, Import deposits are not included into term deposits. (*)Currency in circulation +other deposits at the Bank of Algeria December 2016 :Temporary situation. G 2.1 Main items of the Commercial banks balance sheet In billions of dinars MAIN ITEMS OF THE COMMERCIAL BANKS BALANCE SHEET In billions of dinars CLAIM ON PUBLIC AND PRIVATE SECTOR Dec Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Dec Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec FOREIGN ASSETS CRÉANCES SUR L'ÉCONOMIE CLAIM ON CENTRAL GOVERNMENT CLAIM ON PUBLIC SECTOR CLAIM ON PRIVATE SECTOR QUARTERLY STATISTICAL BULLETIN-March

9 2.2 Detailed Balance sheet of the Commercial banks (Values in billions of dinars- End of period) FOREIGN ASSETS CLAIM ON CENRAL GOVERNMENT CREDIT ON THE OTHER RESIDENT SECTOR 1. Assets TOTAL ASSETS RESERVES Currency and Monetary Gold Banks and correspondents bills to encashment Securities Other credits to non resident Deposits to the Treasury Deposits to the post office State securities Other Claims Claims on non financial public institutions Claims on private sector Claims on local governments Claims on other financial institutions OTHER ASSETS' ITEMS ,4 717,8 7,6 50,0 0,0 21,5 0,3 152,1 16,8 881,9 353, , ,7 0,4 0, , déc ,0 899,8 10,6 7,5 0,0 29,1 0,9 127,5 8,4 789,6 408, , ,9 0,4 0, , , ,5 9,6 6,1 0,0 27,5 1,5 214,0 7,4 861,6 389, , ,7 0,6 158, , , ,2 10,2 14,1 0,0 32,3 0,9 245,8 14,2 863,7 806, , ,1 0,7 158, , Jan , ,3 10,4 12,5 0,0 32,0 0,9 351,9 10,4 831,2 802, , ,0 0,7 158, ,6 Feb , ,9 13,6 11,4 0,0 32,6 1,0 221,2 13,2 862,2 795, , ,3 0,7 158, ,0 Mar , ,8 13,8 17,8 0,0 33,5 0,8 223,8 12,2 892,6 779, , ,0 0,8 158, ,1 Apr , ,3 12,7 22,8 0,0 33,6 0,8 214,2 13,4 940,0 766, , ,4 0,6 158, ,3 May ,3 779,9 14,7 13,4 0,0 33,5 0,9 225,4 8, ,0 668, , ,4 0,5 158, ,7 Jun ,5 714,2 16,5 15,0 0,0 33,6 1,1 241,0 11, ,7 682, , ,6 0,7 158, ,9 Jul ,5 733,3 13,7 20,7 0,0 33,6 1,1 230,5 12, ,7 477, , ,9 0,7 158, ,9 Aug ,1 702,3 15,1 16,6 0,0 33,3 1,3 209,9 7, ,7 533, , ,4 0,7 158, ,0 Sept ,8 838,1 15,9 19,9 0,0 33,5 1,1 201,0 9, ,9 571, , ,4 0,7 158, ,6 Oct , ,7 13,5 18,5 0,0 33,2 1,1 216,7 10, ,8 587, , ,8 0,7 158, ,8 Nov , ,6 15,9 14,5 0,0 32,8 1,2 239,0 9, ,6 616, , ,7 0,6 158, ,8 Dec ,8 887,8 12,0 16,6 0,0 32,6 1,1 502,7 9, ,8 617, , ,8 0,6 158, ,3 DEMAND OR SIGHT DEPOSITS TERM DEPOSITS FOREIGN LIABILITIES OTHER ITEMS 2. LIABILITIES TOTAL LIABILITIES Public Sector Private Sector Others * Public Sector Private Sector Others ** Short term Liabilities Meduim and long term Liabilities Debenture loans Financial loans Other loans STATE DEPOSITS FUNDS LOANS PAID BY THE STATE Capital account or Allowances Reserves Others , , ,2 465,1 862, ,4 50,3 72,1 0,0 0,0 3,8 473,0 24,4 372,7 294, , déc , , ,8 547, , ,4 71,8 90,2 0,0 0,0 3,7 502,5 25,2 396,7 327, , , , ,0 844, , ,3 99,4 134,7 0,0 0,0 3,6 557,8 27,1 396,7 347, , , , ,8 538, , ,5 92,0 204,6 0,0 0,0 3,7 551,8 25,1 449,7 414, , Jan , , ,3 566, , ,0 100,1 192,3 0,0 0,0 3,8 585,0 24,5 449,7 413, ,4 Feb , , ,0 539, , ,6 100,5 195,5 0,0 0,0 3,8 560,1 24,2 449,7 420, ,1 Mar , , ,1 544, , ,4 99,5 178,9 0,0 0,0 3,9 567,3 24,0 449,7 417, ,3 Apr , , ,8 509, , ,1 100,4 180,0 0,0 0,0 3,9 527,0 23,8 449,7 421, ,8 May , , ,1 589, , ,6 98,3 180,1 0,0 0,0 3,8 378,8 23,3 449,7 426, ,9 Jun , , ,9 458, , ,5 90,4 172,4 0,0 0,0 3,9 389,4 22,9 449,7 456, ,7 Jul , , ,6 467, , ,9 86,5 169,2 0,0 0,0 3,8 379,6 22,6 449,7 480, ,2 Aug , , ,3 449, , ,1 91,3 171,1 0,0 0,0 3,8 384,4 21,4 449,7 494, ,1 Sept , , ,0 459, , ,3 90,8 154,9 0,0 0,0 3,8 381,6 22,1 499,7 444, ,8 Oct , , ,3 454, , ,9 88,0 153,3 0,0 0,0 3,8 386,8 21,8 499,7 444, ,9 Nov , , ,1 432, , ,0 88,8 142,3 0,0 0,0 3,6 387,2 21,4 499,7 444, ,7 Dec , , ,3 408, , ,1 87,1 160,5 0,0 0,0 3,5 402,4 20,6 520,7 451, ,1 (*) A received data for customer account not yet registered as deposits, (**) Import deposits until 2006,The foreign currency deposits received not yet registered December 2016 :Temporary situation QUARTERLY STATISTICAL BULLETIN-March

10 In billions of dinars In billions of dinars Monetary survey 3.1 Monetary survey (Values in billions of dinars- End of period) Factors affecting Money Supply NET FOREIGN ASSETS DOMESTIC ASSETS NET CLAIM ON THE GOVERNMENT CREDIT ON THE OTHER RESIDENT SECTOR * Central bank Commercial banks Central bank Commercial banks Other Claims Central bank Commercial banks , ,7 7,3 953, , , , , ,6 2, , déc , ,2-42, , , ,7 930, , ,3 1, , déc , ,5-90, , , , , , ,6 1, , Dec , ,6-147, ,8 567, , , , ,2 1, , Jan , ,6-136, , , , , , ,9 1, ,1 Feb , ,5-136, , , , , , ,8 2, ,8 Mar , ,4-112, , , , , , ,2 1, ,3 Apr , ,8-109, , ,1-904, , , ,1 1, ,2 May , ,9-117, , ,4-894, , , ,3 2, ,3 Jun , ,7-106, , ,9-832, , , ,0 2, ,0 Jul , ,7-100, , ,2-757, , , ,8 2, ,8 Aug , ,3-104, , , , , , ,2 2, ,2 Sept , ,9-84, , ,5-976, , , ,1 2, ,1 Oct , ,9-87, , ,3-863, , , ,3 2, ,3 Nov , ,1-77, , ,8-663, , , ,4 2, ,3 Dec , ,2-98, , ,1-870, , , ,2 2, ,2 December 2016 :Temporary situation (*) Net repurchasing G 3.1 Monetary Indicators FOREIGN ASSETS AND DOMESTIC ASSETS FACTORS AFFECTING MONEY SUPPLY Dec Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec 0 Dec Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec NET FOREIGN ASSETS DOMESTIC ASSETS NET FOREIGN ASSETS NET CLAIM ON THE GOVERNMENT CREDIT ON THE OTHER RESIDENT SECTOR * QUARTERLY STATISTICAL BULLETIN-March

11 In billions of dinars In billions of dinars 3.1 Monetary survey (Cont) (Values in billions of dinars- End of period) MONEY SUPPLY ( BROAD MONEY (M2)) NARROW MONEY (M1) Currency in circulation outside CBA Demand Deposits Deposits at the Treasury Deposits at post offices QUASI MONEY IMPORT DEPOSITS (*) STATES' FUNDS LOANS MEDIUM AND LONG TERM FOREIGN LIABILITIES OTHER ITEMS (NET) 2012 déc , ,5 2952, ,2 758,7 590, ,6 325,2 24,4 3, , déc , ,8 3204, ,5 860,2 621, ,7 366,7 25,2 3, , déc , ,0 3658, ,8 788,8 694, ,7 391,6 27,1 3, , Dec , ,1 4108, ,5 537,2 707, ,4 627,5 25,1 3, , Jan , ,9 4190, ,6 549,7 719, ,6 701,3 24,5 3, ,6 Feb , ,0 4249, ,3 524,8 727, ,9 817,8 24,2 3, ,8 Mar , ,8 4296, ,0 509,2 737, ,4 737,9 24,0 3, ,6 Apr , ,2 4327, ,2 564,8 754, ,0 776,6 23,8 3, ,7 May , ,7 4326, ,9 599,6 745, ,4 821,6 23,3 3, ,2 Jun , ,4 4409, ,3 536,7 794, ,0 806,1 22,9 3, ,2 Jul , ,3 4450, ,3 509,6 798, ,1 811,5 22,6 3, ,5 Aug , ,7 4494, ,4 447,1 830, ,5 813,4 21,4 3, ,6 Sept , ,9 4543, ,4 484,3 778, ,7 761,2 22,1 3, ,4 Oct , ,1 4539, ,6 455,1 785, ,2 741,1 21,8 3, ,6 Nov , ,3 4530, ,5 480,9 762, ,7 744,9 21,4 3, ,6 Dec , ,9 4497, ,5 480,9 759, ,2 714,5 20,6 3, ,6 (*) Starting from January 2007, Import deposits are excluded from Money Supply. December 2016 :Temporary situation G 3.1 Monetary Indicators MONETARY AGGREGATES MONEY SUPPLY Dec Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec 2000 Dec Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec NARROW MONEY (M1) QUASI MONEY MONEY SUPPLY ( BROAD MONEY (M2)) Currency in circulation outside CBA Demand Deposits QUARTERLY STATISTICAL BULLETIN-March

12 In billions of dinars In billions of dinars 3.2 Credit to the economy by maturity (Net repurchasing) (Values in billions of dinars- End of period) Total credits Short term credits Medium and long term credits , , , , , , déc , , , déc , , , Oct 7 476, , ,7 Nov 7 591, , , Dec 7 277, , , Jan 7 258, , ,5 Feb 7 264, , ,8 Mar 7 403, , ,8 Apr 7 498, , ,1 May 7 573, , ,7 Jun 7 743, , ,1 Jul 7 862, , ,1 Aug 7 983, , ,1 Sept 8 079, , ,7 Oct 8 162, , ,8 Nov 7 931, , ,3 Dec 7 980, , ,5 December 2016 :Temporary situation G 3.2 Credit to the economy by maturity (Net repurchasing) Dec Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec 0 Dec Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Short term credits Medium and long term credits Short term credits Medium and long term credits QUARTERLY STATISTICAL BULLETIN-March

13 In billions of dinars In billions of dinars 3.3 Credit to the economy by sector (Net repurchasing) (Values in billions of dinars- End of period) Total Public sector Private sector Local Government , , ,5 0, , , ,0 0, déc , , ,0 0, déc , , ,7 0, Oct 7 476, , ,6 0,6 Nov 7 591, , ,7 0,8 Dec 7 277, , ,3 0, Jan 7 258, , ,2 0,7 Feb 7 264, , ,7 0,7 Mar 7 403, , ,4 0,8 Apr 7 498, , ,8 0,6 May 7 573, , ,8 0,5 Jun 7 743, , ,0 0,7 Jul 7 862, , ,3 0,7 Aug 7 983, , ,7 0,7 Sept 8 079, , ,7 0,7 Oct 8 162, , ,3 0,7 Nov 7 931, , ,3 0,6 Dec 7 980, , ,4 0,6 December 2016 :Temporary situation G 3.3 Credit to the economy by sector (Net repurchasing) Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec 0 Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Public sector Private sector Public sector Private sector Local Government QUARTERLY STATISTICAL BULLETIN-March

14 In billions of dinars 3.4 Banking deposits structure (Values in billions of dinars- End of period) DEMAND DEPOSITS TERM DEPOSITS DEPOSITS AT BANKS DEPOSITS AT TREASURY DEPOSITS AT POST OFFICE DEPOSITS IN DINARS DEPOSITS IN FOREIGN CURRENCY , ,2 518,7 515, , ,8 303, , ,2 758,7 590, , ,4 339, déc , ,5 860,2 621, , ,7 370, déc , ,8 788,8 694, , ,9 404, Dec 5 136, ,7 537,2 707, , ,3 496, Jan 5 386, ,3 549,7 719, , ,9 495,7 Feb 5 172, ,8 524,8 727, , ,7 505,2 Mar 5 099, ,4 509,2 737, , ,2 522,2 Apr 5 270, ,9 564,8 754, , ,0 520,0 May 5 388, ,9 599,6 745, , ,5 528,9 Jun 5 101, ,3 536,7 794, , ,8 515,2 Jul 5 059, ,4 509,6 798, , ,8 520,3 Aug 5 206, ,3 447,1 830, , ,3 496,2 Sept 5 152, ,9 484,3 778, , ,5 494,2 Oct 5 107, ,1 455,1 785, , ,1 493,1 Nov 5 104, ,7 455,1 785, , ,2 490,5 Dec 5 031, ,3 480,9 759, , ,2 478,0 December 2016 :Temporary situation G 3.4 Deposits structure Dec Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Dec Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec DEMAND DEPOSITS TERM DEPOSITS DEPOSITS AT BANKS DEPOSITS AT TREASURY DEPOSITS AT POST OFFICE QUARTERLY STATISTICAL BULLETIN-March

15 4.1 Balance of payments (Values in Billion of dollars (E.U)) BALANCE OF PAYMENTS 2015 Q1, 2015 Q2, 2015 S1, 2015 Q3, 2015 Q4, 2015 S2, * Q1, 2016* Q2, 2016* S1, 2016* Q3, 2016* Q4, 2016* S2, 2016* External current account balance -27,29-7,98-5,73-13,81-6,86-6,71-13,67-26,31-8,33-6,38-14,71-6,71-4,89-11,60 Trade Balance -18,08-4,40-4,12-8,52-4,74-4,82-9,56-20,38-6,75-5,30-12,05-4,90-3,43-8,34 Exports, f.o.b. 34,57 9,13 9,94 19,06 7,86 7,64 15,50 29,05 5,90 7,18 13,08 7,31 8,67 15,98 Hydrocarbons 33,08 8,71 9,53 18,23 7,58 7,26 14,85 27,66 5,67 6,79 12,47 6,99 8,20 15,19 Others 1,48 0,42 0,41 0,83 0,27 0,38 0,65 1,39 0,23 0,38 0,61 0,32 0,46 0,78 Imports, (f.o.b) -52,65-13,53-14,06-27,59-12,60-12,46-25,06-49,44-12,65-12,47-25,12-12,21-12,10-24,31 Services, excluding income, net -7,52-1,97-1,53-3,50-2,08-1,94-4,02-7,16-2,09-1,65-3,73-1,78-1,65-3,43 Credits 3,48 0,88 1,01 1,90 0,73 0,84 1,58 3,58 0,88 0,90 1,78 0,73 1,08 1,80 Debits -11,00-2,86-2,54-5,40-2,82-2,78-5,60-10,74-2,97-2,54-5,51-2,51-2,73-5,23 Income account, net -4,45-2,27-0,78-3,04-0,77-0,63-1,40-1,47-0,14-0,16-0,30-0,70-0,48-1,17 Credits 2,19 0,50 0,55 1,05 0,58 0,56 1,14 2,39 0,72 0,84 1,56 0,43 0,40 0,83 Debits -6,64-2,77-1,34-4,09-1,34-1,19-2,54-3,86-0,86-1,00-1,85-1,13-0,88-2,01 Interest Payments -0,12-0,01-0,02-0,02-0,08-0,02-0,10-0,03-0,01-0,01-0,02 0,00-0,01-0,02 Others -6,52-2,77-1,32-4,07-1,26-1,18-2,43-3,83-0,85-0,99-1,84-1,13-0,86-1,99 Transfers, net 2,77 0,66 0,70 1,25 0,73 0,68 1,31 2,70 0,64 0,72 1,36 0,66 0,67 1,34 Capital account balance -0,25-2,74 2,08-0,57 0,42-0,01 0,51 0,28 0,11-0,01 0,10-0,08 0,26 0,19 Capital account 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 Direct Investment, nett -0,69-2,12 0,79-1,33 0,26 0,38 0,64 1,40 0,32 0,46 0,77 0,34 0,29 0,63 Portfolio Investment 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 Official investments, net -0,46-0,13-0,12-0,26-0,10-0,10-0,20 0,98-0,07 0,16 0,09 0,04 0,85 0,89 Drawings 4,82 1,35 1,22 2,57 1,17 1,08 2,25 5,13 1,00 1,20 2,20 0,98 1,94 2,92 Repayments (amortizations) -5,28-1,49-1,34-2,83-1,27-1,18-2,45-4,15-1,07-1,04-2,12-0,94-1,09-2,03 Short and medium term credits Errors and Omissions (net) 0,90-0,49 1,42 0,93 0,26-0,29-0,03-2,10-0,14-0,62-0,76-0,45-0,88-1,33 Overall balance -27,54-10,72-3,65-14,38-6,44-6,72-13,16-26,03-8,22-6,39-14,61-6,79-4,63-11,42 (* ): Temporary situation Data Source : Bank of Algeria QUARTERLY STATISTICAL BULLETIN-March

16 Billions of U.S.A dollars Billions of U.S.A dollars EXTERNAL DEBT 5.1 Outstanding External Debt (Values in billions of U,S,A dollars ) * Q Q Q Q Q Q Q Q * Multilatéral Loans 0,007 0,006 0,002 0,002 0,001 0,948 0,002 0,001 0,001 0,001 0,001 0,001 0,001 0,948 Bonds issue 0,100 0,100 0,100 0,100 0,000 0,000 0,100 0,100 0,000 0,000 0,000 0,000 0,000 0,000 Bilateral Loans 2,437 1,767 1,498 1,175 0,873 0,701 1,010 0,979 0,963 0,873 0,881 0,819 0,805 0,701 Direct Governments' loans 1,808 1,276 1,189 0,951 0,755 0,628 0,844 0,836 0,821 0,755 0,763 0,724 0,711 0,628 Purchaser credit and supplier credit. Insureds 0,629 0,491 0,309 0,224 0,118 0,072 0,166 0,143 0,142 0,118 0,118 0,095 0,094 0,072 Financial loans 0,284 0,233 0,128 0,112 0,101 0,084 0,108 0,084 0,105 0,101 0,097 0,093 0,088 0,084 Financial credits & Leasing credits 0,284 0,233 0,128 0,112 0,101 0,084 0,108 0,084 0,105 0,101 0,097 0,093 0,088 0,084 Debt reprofiling operation 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 installments payment 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 Commercial credits. Non insureds 0,003 0,002 0,001 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 Suppliers' credit 0,003 0,002 0,001 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 Other Credits 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 Reschedulings' credit 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 Official creditors 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 Others creditors 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 Total medium & long -term debt 2,831 2,108 1,729 1,389 0,975 1,733 1,220 1,165 1,069 0,975 0,979 0,913 0,895 1,733 Total short -term debt 1,142 1,205 1,328 1,975 1,823 1,986 1,799 1,777 1,844 1,823 1,806 1,998 2,062 1,986 Total headquarters support to their subsidiaries in Algeria: (MLT) 0,432 0,363 0,340 0,371 0,222 0,130 0,364 0,357 0,273 0,222 0,251 0,228 0,140 0,130 Total external debt 4,405 3,676 3,396 3,735 3,021 3,849 3,383 3,299 3,186 3,021 3,036 3,139 3,097 3,849 Proportion in% of total external debt Multilatéral Loans 0,16 0,16 0,06 0,05 0,04 24,64 0,06 0,03 0,03 0,04 0,03 0,03 0,03 24,64 Bonds issue 2,27 2,72 2,94 2,68 0,00 0,00 2,96 3,03 0,00 0,00 0,00 0,00 0,00 0,00 Bilateral Loans 55,32 48,07 44,10 31,46 28,90 18,20 29,85 29,68 30,22 28,90 29,02 26,09 26,00 18,20 Financial loans 6,45 6,34 3,77 3,00 3,34 2,18 3,19 2,56 3,30 3,34 3,19 2,96 2,85 2,18 Commercial credits. Non insureds 0,07 0,05 0,02 0,01 0,01 0,00 0,01 0,01 0,01 0,01 0,00 0,00 0,00 0,00 Reschedulings' credit 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 Total short -term debt 25,93 32,78 39,10 52,87 60,36 51,60 53,17 53,87 57,87 60,36 59,49 63,65 66,59 51,60 Total external debt 90,19 90,13 90,00 90,07 92,65 96,63 89,24 89,18 91,43 92,65 91,73 92,74 95,48 96,63 (* ): Temporary situation G 5.1 Outstanding External Debt Total external debt Total external debt 3 3 Total medium & long -term debt Total medium & long -term debt Total short -term debt Total short -term debt * Total headquarters support to their subsidiaries in Algeria: (MLT) 0 Q Q Q Q Q * Total headquarters support to their subsidiaries in Algeria: (MLT) QUARTERLY STATISTICAL BULLETIN-March

17 MONETARY AND FINANCIAL MARKET 6.1 Main rates 1. Rate of operations of the Bank of Algeria (End of period) The reserve requirements' remuneration rate. Reserve requirements' constitution rate. Rediscount rate Pension rate at 24 hours Resumption of liquidity At 7 days At 3 months At 6 months Deposit facility at 24 hours Adjudications crédit 's targeted rate ,50 9,00 4,00-0,75 1,25-0, ,50 11,00 4,00-0,75 1,25-0, ,50 12,00 4,00-0,75 1,25 1,50 0, ,50 12,00 4,00-0,75 1,25 1,50 0, ,50 12,00 4,00-0,75 1,25 1,50 0, Jan 0,50 12,00 4,00-0,75 1,25 1,50 0,30 - Feb 0,50 12,00 4,00-0,75 1,25 1,50 0,30 - Mar 0,50 12,00 4,00-0,75 1,25 1,50 0,30 - Apr 0,50 12,00 4,00-0,75 1,25 1,50 0,30 - May 0,50 8,00 4,00-0,75 1,25 1,50 0,30 - Jun 0,50 8,00 4,00-0,75 1,25 1,50 0,30 - Jul 0,50 8,00 4,00-0,75 1,25 1,50 0,30 - Aug 0,50 8,00 4,00-0,75 1,25 1,50 0,30 - Sept 0,50 8,00 3,50-0,75 1,25 1,50 0,30 - Oct 0,50 8,00 3,50-0,75 1,25 1,50 0,00 - Nov 0,50 8,00 3,50-0,75 1,25 1,50 0,00 - Dec 0,50 8,00 3,50-0,75 1,25 1,50 0,00-2. INTERBANK MARKET RATES From day to day (The end of the month ) To term (end of the month) Average Monthly rates (AMR) Monetary Annual Rate (MAR) Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec - - 1,06 1, ,31 0,14-2,03 0,31 0,19 0,34 1,38 0,34 0,22 0,34 2,44 0,52 1,01 0,34 1,28 0,36 1,01 0,34 2,45 0,58 1,03-0,98 0,34 1,03 0,34 0,78 0,34 0,91 0,34 0,79 0,34 0,91 0,34 0,78 0,35 0,73 0,34 0,87 0,35 0,54 0,87 0,98 0,60 0,54 1,04 1,12 0,95 0,58 1,75 1,93 1,29 0,59 1,96 2,35 1,79 0,66 2,88 2,59 2,20 0,81 QUARTERLY STATISTICAL BULLETIN-March

18 6.1 Main rates (Cont) 3.Government securities rates The Government securities and bonds adjudication on the primary market December 2016 Coupon rate Cap rate / Price floor Weighted average rate / Weighted average price (WAR/WAP) Short Treasury bonds 13 weeks 1,45% 1,45% Short Treasury bonds 26 weeks 1,55% 1,55% Outstanding treasury bonds January ,50% 104,69% 100,45% Outstanding assimilated treasury securities January ,00% 99,62% 99,70% Outstanding assimilated treasury securities March ,00% 99,64% 99,84% Outstanding assimilated treasury securities March ,25% 99,90% 100,60% Outstanding assimilated treasury securities March ,50% 101,97% 102,14% Outstanding assimilated treasury securities September ,00% 98,90% 98,48% Outstanding treasury bonds March ,00% 108,55% 107,87% Outstanding assimilated treasury securities April ,00% 98,85% 99,36% Outstanding assimilated treasury securities July ,25% 99,80% 99,82% Outstanding assimilated treasury securities September ,50% 106,22% 106,94% Outstanding assimilated treasury securities January ,25% 98,01% 99,15% Outstanding treasury bonds March ,50% 121,06% 117,35% Outstanding treasury bonds April ,00% 106,82% 107,71% Outstanding assimilated treasury securities April ,50% 105,44% 106,19% Outstanding assimilated treasury securities April ,25% 99,35% 99,76% Outstanding assimilated treasury securities July ,50% 98,81% 99,05% Outstanding assimilated treasury securities December ,25% 96,80% 96,80% Outstanding treasury bonds February ,50% 108,43% 104,57% Outstanding assimilated treasury securities February ,50% 94,07% 97,49% Outstanding treasury bonds March ,00% 107,91% 106,77% Outstanding assimilated treasury securities April ,50% 98,56% 101,27% Outstanding treasury bonds March ,50% 110,40% 110,48% Outstanding treasury bonds May ,00% 105,84% 106,31% Outstanding assimilated treasury securities July ,75% 96,40% 98,52% Outstanding treasury bonds May ,00% 96,96% 99,76% Outstanding assimilated treasury securities May ,75% 92,31% 96,98% Outstanding treasury bonds May ,50% 111,56% 111,65% Outstanding treasury bonds July ,00% 102,16% 100,26% Outstanding treasury bonds January ,00% 103,05% 100,23% Outstanding treasury bonds April ,50% 108,85% 107,07% Outstanding treasury bonds July ,25% 95,10% 96,40% Outstanding treasury bonds January ,00% 109,96% 112,25% Outstanding treasury bonds June ,50% 108,93% 109,33% Outstanding treasury bonds December ,75% 121,75% 121,75% Outstanding treasury bonds February ,50% 93,00% 99,40% Outstanding treasury bonds March ,75% 108,58% 107,69% Outstanding treasury bonds April ,75% 110,50% 109,95% Outstanding treasury bonds July ,75% 94,07% 96,80% Outstanding treasury bonds June ,75% 115,62% 115,64% Outstanding treasury bonds May ,75% 106,30% 106,31% Outstanding treasury bonds July ,75% 100,00% 100,00% Outstanding treasury bonds March ,75% 87,85% 99,59% Outstanding treasury bonds July ,00% 92,31% 96,45% Treasury securities negotiated on the State Securities' secondary Market December 2016 Purchasing Sale Minimum Maximum Minimum Maximum Negotiated rates 13 weeks 1,45% 1,45% 1,20% 1,45% Negotiated rates 26 weeks 1,55% 1,55% 1,40% 1,54% Negotiated rates ATS 01 Year 2,00% 2,00% 2,00% 2,00% Negotiated rates ATS 03 Years 2,50% 2,50% 2,58% 2,58% Negotiated rates ATS 05 Years 2,50% 2,50% 2,60% 2,62% Taux Négociés TB 07 Ans 3,25% 3,25% 4,03% 4,03% Taux Négociés TB 15 Ans 4,00% 4,00% 3,45% 3,47% QUARTERLY STATISTICAL BULLETIN-March 2017, 18

19 6.2 Evolution of the re-discount rate of the Bank of Algeria (Percentage values) from To rates 01/01/ /01/ /10/ /05/ /05/ /10/ /04/ /08/ /08/ /04/ /06/ /11/ /02/ /09/ /01/ /10/ /01/ /06/ /03/ /10/ /12/1971 3,75% 30/09/1986 2,75% 01/05/1989 5,00% 21/05/1990 7,00% 30/09/ ,50% 09/04/ ,50% 01/08/ ,00% 27/08/ ,00% 20/04/ ,00% 28/06/ ,50% 17/11/ ,00% 08/02/ ,00% 08/09/1999 9,50% 26/01/2000 8,50% 21/10/2000 7,50% 19/01/2002 6,00% 31/05/2003 5,50% 06/03/2004 4,50% 30/09/2016 4,00% A ce jour 3,50% G 6.2 Re-discount rate 16% 14% 12% 10% 8% 6% 4% 3,50% 2% 0% QUARTERLY STATISTICAL BULLETIN-March

20 EXCHANGE RATE 7.1 Exchange rates by currency (Average values over the period) USD EUR GBP JPY CHF CAD AED SAR KWD TND MAD MRO YUAN , , , , , , , , , ,2027 8,8400 0, , , , , , , , , , ,2017 9,0071 0, , , , , , , , , , ,8427 8,9835 0, , , , , , , , , , ,1414 9,4468 0, , , , , , , , , , ,6083 9,5842 0, Q1 77, , , , , , , , , ,6062 9,5118 0,2678 Q2 78, , , , , , , , , ,8361 9,6457 0,2712 Q3 80, , , , , , , , , ,3567 9,5379 0,2758 Q4 85, , , , , , , , , ,6981 9,6391 0,2925 S1 78, , , , , , , , , ,7229 9,5798 0,2695 S2 82, , , , , , , , , ,5274 9,5885 0, Oct 105, , , , , , , , , , ,9116 0,3643 Nov 107, , , , , , , , , , ,8023 0,3705 Dec 107, , , , , , , , , , ,8255 0, ,2483 Q1 93, , , , , , , , , ,3475 9,7190 0,3206 Q2 98, , , , , , , , , , ,0235 0,3380 Q3 102, , , , , , , , , , ,5290 0,3539 Q4 107, , , , , , , , , , ,8468 0,3679 S1 95, , , , , , , , , ,6285 9,8737 0,3294 S2 104, , , , , , , , , , ,6879 0,3609 A 100, , , , , , , , , , ,2870 0, , Jan 107, , , , , , , , , , ,8320 0, ,2251 Feb 106, , , , , , , , , , ,8806 0, ,2554 Mar 109, , , , , , , , , , ,1966 0, ,8294 Apr 108, , , , , , , , , , ,2607 0, ,7676 May 109, , , , , , , , , , ,3494 0, ,7785 Jun 110, , , , , , , , , , ,3403 0, ,6754 Jul 110, , , , , , , , , , ,2866 0, ,5397 Aug 109, , , , , , , , , , ,2515 0, ,4429 Sept 109, , , , , , , , , , ,2367 0, ,3662 Oct 110, , , , , , , , , , ,2089 0, ,3476 Nov 110, , , , , , , , , , ,1207 0, ,1358 Dec 110, , , , , , , , , , ,9797 0, ,0034 Q1 107, , , , , , , , , , ,9790 0, ,4522 Q2 109, , , , , , , , , , ,3177 0, ,7401 Q3 109, , , , , , , , , , ,2578 0, ,4481 Q4 110, , , , , , , , , , ,1015 0, ,1594 S1 108, , , , , , , , , , ,1496 0, ,5973 S2 110, , , , , , , , , , ,1802 0, ,3049 A 109, , , , , , , , , , ,1650 0, ,4499 QUARTERLY STATISTICAL BULLETIN-March

21 7.2 Exchange rates by currency (End of period values) USD EUR GBP JPY CHF CAD AED SAR KWD TND MAD MRO YUAN , , , , , , , , , ,4159 8,8406 0, , , , , , , , , , ,8330 8,8471 0, , , , , , , , , , ,3660 9,2471 0, , , , , , , , , , ,6510 9,6018 0, , , , , , , , , , ,2780 9,7452 0, Q1 78, , , , , , , , , ,6181 9,6144 0,2699 Q2 79, , , , , , , , , ,2530 9,6410 0,2725 Q3 82, , , , , , , , , ,2764 9,4824 0,2844 Q4 87, , , , , , , , , ,2780 9,7452 0,3022 S1 79, , , , , , , , , ,2530 9,6410 0,2725 S2 87, , , , , , , , , ,2780 9,7452 0, Oct 106, , , , , , , , , , ,8345 0,3671 Nov 108, , , , , , , , , , ,7662 0,3727 Dec 107, , , , , , , , , , ,8376 0, ,2538 Q1 97, , , , , , , , , ,2223 9,8717 0,3353 Q2 99, , , , , , , , , , ,1281 0,3404 Q3 106, , , , , , , , , , ,9049 0,3646 Q4 107, , , , , , , , , , ,8376 0, ,2538 S1 99, , , , , , , , , , ,1281 0,3404 S2 107, , , , , , , , , , ,8376 0, ,2538 A 107, , , , , , , , , , ,8376 0, , Jan 107, , , , , , , , , , ,8680 0, ,2091 Feb 108, , , , , , , , , , ,9860 0, ,5423 Mar 108, , , , , , , , , , ,2516 0, ,7963 Apr 109, , , , , , , , , , ,3328 0, ,8165 May 110, , , , , , , , , , ,3213 0, ,7857 Jun 110, , , , , , , , , , ,2665 0, ,5690 Jul 110, , , , , , , , , , ,2801 0, ,5810 Aug 109, , , , , , , , , , ,2275 0, ,3897 Sept 109, , , , , , , , , , ,2621 0, ,4243 Oct 109, , , , , , , , , , ,1351 0, ,2186 Nov 110, , , , , , , , , , ,0156 0, ,0514 Dec 110, , , , , , , , , , ,8954 0, ,8508 Q1 108, , , , , , , , , , ,2516 0, ,7963 Q2 110, , , , , , , , , , ,2665 0, ,5690 Q3 109, , , , , , , , , , ,2621 0, ,4243 Q4 110, , , , , , , , , , ,8954 0, ,8508 S1 110, , , , , , , , , , ,2665 0, ,5690 S2 110, , , , , , , , , , ,8954 0, ,8508 A 110, , , , , , , , , , ,8954 0, ,8508 QUARTERLY STATISTICAL BULLETIN-March

22 73,5 98 1, , , , , , , , , ,2 84 1, ,15 USD/JPY EUR/JPY EUR/USD janv-04 janv-04 févr-04 févr-04 mars-04 mars-04 avr-04 avr-04 mai-04 mai-04 juin-04 juin-04 juil-04 juil-04 août-04 août-04 sept-04 sept-04 oct-04 oct-04 nov-04 nov-04 déc-04 déc-04 USD_moy EUR_moy EUR_fin USD_f in j-04 f-04 j-04 j-04 j-04 f-04 m-04 a-04 m-04 j-04 j-04 a-04 s-04 o-04 n-04 d The international exchange rates (Average values over the period) Euro / Us Dollar Euro / Japan Yen Us Dollar / Japan Yen EUR/USD (**) EUR/JPY (*) USD/JPY (**) , ,96 79, , ,61 79, , ,66 97, , ,31 105, Q1 1, ,80 102,76 Q2 1, ,00 102,10 Q3 1, ,75 104,00 Q4 1, ,75 114,55 S1 1, ,40 102,43 S2 1, ,21 109, Q1 1, ,12 119,18 Q2 1, ,29 121,36 Q3 1, ,86 122,17 Q4 1, ,95 121,41 S1 1, ,20 120,30 S2 1, ,42 121,88 A 1, ,31 121, Jan 1, ,32 118,23 (*) Source ECB Feb 1, ,35 114,62 Mar 1, ,39 112,93 Apr 1, ,29 109,55 May 1, ,21 108,85 Jun 1, ,45 105,35 Jul 1, ,25 104,19 Aug 1, ,49 101,24 Sept 1, ,22 101,78 Oct 1, ,47 103,91 Nov 1, ,93 108,44 Dec 1, ,39 116,00 Q1 1, ,00 115,10 Q2 1, ,95 107,88 Q3 1, ,29 102,34 Q4 1, ,92 109,56 S1 1, ,41 111,43 S2 1, ,08 105,86 A 1, ,20 108,66 (**)Source : The Federal Reserve QUARTERLY STATISTICAL BULLETIN-March

23 G 7.1 & 2 Exchange rates (Monthly and end of period values) Dec-15 Feb-16 Apr-16 Jun-16 Aug-16 Oct-16 Dec Dec-15 Feb-16 Apr-16 Jun-16 Aug-16 Oct-16 Dec-16 USD Aver USD EP EUR end p EUR aver Dec-15 Feb-16 Apr-16 Jun-16 Aug-16 Oct-16 Dec Dec-15 Feb-16 Apr-16 Jun-16 Aug-16 Oct-16 Dec-16 GBP end p GBP average JPY end of per JPY average G 7.3 International exchange rates (Average values over the period) 1, ,14 1, , ,08 1, , ,02 1,00 Dec-15 Feb-16 Apr-16 Jun-16 Aug-16 Oct-16 Dec Dec-15 Feb-16 Apr-16 Jun-16 Aug-16 Oct-16 Dec-16 Euro / US Dollar Euro / Japan Yen 125,0 120,0 115,0 110,0 105,0 100,0 95,0 90,0 Dec-15 Feb-16 Apr-16 Jun-16 Aug-16 Oct-16 Dec-16 US Dollar / Japan Yen QUARTERLY STATISTICAL BULLETIN-March

24

25 Real Sector Statistics

26 In billions of dinars In billions of dinars GROSS DOMESTIC PRODUCT 8.1 Gross Domestic Product by sector at current prices (Values in billions of dinars) Gross Domestic Product Hydrocarbons Other sectors Agriculture Industries Building and public works Other Services outside of public administrations Government Services (administration public) Rights and import taxes , , , ,0 771, , , , ,2 Q , , ,8 427,1 201,9 438, ,4 691,5 309,1 Q , , ,7 439,5 207,6 446, ,1 687,6 307,9 Q , , ,9 443,6 212,5 456, ,7 678,0 311,9 Q ,9 985, ,2 461,3 216,6 452, ,1 686,4 313, , , , ,5 838, , , , ,1 Q ,6 819, ,4 470,6 220,7 471, ,9 685,4 311,8 Q ,2 841, ,7 480,3 223,7 467, ,3 688,8 325,7 Q ,4 764, ,9 489,5 226,7 486, ,1 747,0 331,4 Q ,8 709, ,0 496,0 229,8 481, ,6 732,6 339, , , , ,4 900, , , , ,6 Q1 2016* 4 058,6 557, ,0 492,2 239,1 494, ,2 720,2 348,5 Q2 2016* 4 235,7 622, ,7 524,7 242,4 536, ,6 751,0 335,1 Q3 2016* 4 304,1 702, ,9 529,7 248,7 520, ,3 723,0 330, ,0 34,2 59,2 8,8 4,5 9,2 20,4 16,3 6, ,0 29,8 62,7 9,9 4,6 9,8 23,1 15,3 7,5 Q1 100,0 28,3 64,5 9,9 4,7 10,2 23,6 16,1 7,2 Q2 100,0 28,8 64,1 10,1 4,7 10,2 23,4 15,7 7,0 Q3 100,0 27,5 65,4 10,2 4,9 10,5 24,3 15,6 7,2 Q4 100,0 23,4 69,2 10,9 5,1 10,7 26,2 16,3 7, ,0 27,0 65,8 10,3 4,9 10,4 24,3 15,9 7,2 Q1 100,0 20,0 72,3 11,5 5,4 11,5 27,1 16,8 7,6 Q2 100,0 20,4 71,8 11,6 5,4 11,3 26,8 16,7 7,9 Q3 100,0 18,2 73,9 11,7 5,4 11,6 27,3 17,8 7,9 Q4 100,0 17,0 74,9 11,9 5,5 11,5 28,5 17,5 8, ,0 18,9 73,2 11,7 5,4 11,5 27,4 17,2 7,9 Q1 2016* 100,0 13,7 77,7 12,1 5,9 12,2 29,7 17,7 8,6 Q2 2016* 100,0 14,7 77,4 12,4 5,7 12,7 28,9 17,7 7,9 Q3 2016* 100,0 16,3 76,0 12,3 5,8 12,1 29,0 16,8 7, ,1% 5,6% 13,0% 20,2% 9,8% 11,8% 12,7% 11,4% 26,1% ,7% -10,3% 8,8% 15,4% 5,9% 9,1% 16,5% -3,7% 15,3% ,6% -6,2% 8,6% 8,0% 8,6% 10,2% 9,0% 7,5% 0,0% ,8% -32,7% 7,1% 9,3% 7,4% 6,4% 8,5% 4,0% 5,4% Data Source : National Statistics Office. (* ): Temporary situation "Data" G 8.1 Gross Domestic Product at current prices (As a Percent of GDP ) (Annual change) GDP EVOLUTION GROSS DOMESTIC PRODUCT BY SECTOR T1 T2 T3 T4 T1 T2 T Hydrocarbons Rights and import taxes Other sectors QUARTERLY STATISTICAL BULLETIN-March

27 9.1 Hydrocarbons exports (Values in millions of U,S,A dollars ) EXPORTS AND IMPORTS Sem.16 2 Sem.16 Q 3.16 Q 4.16 oct-16 nov-16 Dec-16 Crude oil Value (millions US $) , , , , , , , , , , ,8 918, ,5 Of Which : Repatriation of profits 3 914, , , , , , , ,0 499,3 596,7 138,7 196,7 261,4 Volume (Millions of barrels) 254,6 250,4 223,1 184,5 194,3 198,1 88,3 109,8 49,0 60,9 21,8 20,0 19,1 Volume (million metric tons) 32,4 31,9 28,4 23,6 24,2 25,2 11,2 14,0 6,3 7,7 2,8 2,5 2,4 Unit price (US $ per barrel) 112,9 111,0 109,0 100,2 53,1 45,0 40,6 48,2 46,1 49,8 49,6 46,3 54,0 Condensate Value (millions US $) 5 495, , , , , ,2 791, ,2 437,7 752,5 326,0 199,9 226,6 Of Which : Repatriation of profits 229,5 173,2 198,3 350,8 361,0 296,7 129,2 167,5 88,2 79,4 16,5 18,3 44,6 Volume (Millions of barrels) 53,1 45,6 48,4 42,9 44,2 46,5 20,2 26,3 10,6 15,7 6,9 4,4 4,4 Volume (million metric tons) 5,9 5,1 5,4 4,8 5,0 5,2 2,3 2,9 1,2 1,8 0,8 0,5 0,5 Unit price (US $ per barrel) 103,7 103,3 100,0 90,7 49,7 42,7 39,2 45,3 41,4 47,7 47,0 45,3 51,8 Refined petroleum products Value (millions US $) , , , , , , , , , ,8 380,5 516,5 553,9 Volume (Millions of barrels) 106,7 97,6 101,4 132,0 128,8 125,8 63,0 62,8 34,0 28,8 8,1 10,5 10,3 Volume (million metric tons) 13,5 12,4 12,8 16,7 16,3 15,9 8,0 7,9 4,3 3,6 1,0 1,3 1,3 Unit price (US $ per barrel) 112,2 113,1 107,6 100,0 52,7 44,2 40,9 47,5 45,1 50,3 47,1 49,4 53,9 Liquefied petroleum gas or liquid petroleum gas (LPG or LP gas) Value (millions US $) 5 202, , , , , , , ,7 557,3 648,4 227,1 196,3 225,0 Of Which : Repatriation of profits 426,6 251,4 202,8 291,5 275,9 240,4 99,7 140,7 57,9 82,8 23,1 29,2 30,5 Volume (Millions of barrels) 65,4 59,8 58,1 78,6 82,2 79,5 38,7 40,7 20,8 19,9 3,1 2,4 2,8 Volume (million metric tons) 6,0 5,5 5,3 7,2 7,6 7,3 3,6 3,7 1,9 1,8 0,7 0,5 0,6 Unit price (US $ per barrel) 79,5 79,8 75,6 66,2 32,7 28,0 26,2 29,6 26,8 32,6 72,8 80,3 81,3 Liquefied natural gas (LNG) Value (millions US $) 6 670, , , , , , , ,0 706,0 804,0 287,7 222,2 294,1 Volume (Millions of cubic meter m3) 27,3 24,2 24,4 28,5 26,6 25,7 12,9 12,2 6,1 6,1 2,2 1,7 2,2 Volume (billions de BTU) 636,8 565,1 571,6 666,0 620,7 584,2 300,6 283,6 141,8 141,8 52,1 39,5 50,2 Unit price (US $ per m3 LNG) 244,5 268,5 262,5 259,6 176,9 120,5 123,5 124,2 116,2 132,2 128,5 131,2 136,7 Unit price (US $ per millions of BTU) 10,5 11,5 11,2 11,1 7,6 5,3 5,3 5,3 5,0 5,7 5,5 5,6 5,9 Natural gas (NG) Value (millions US $) , , , , , , , , , ,0 515,5 573,9 677,7 Volume (Billions of cubic meter m3) 35,7 37,3 32,7 27,4 27,4 38,9 18,2 20,7 9,9 10,8 3,2 3,6 4,0 Volume ( trillions of BTU) 1 339, , , , , ,6 679,0 761,7 362,4 399,6 115,1 134,6 149,9 Unit price (US $ per thousand m3) 380,1 423,3 391,5 376,7 242,0 157,7 157,8 157,6 151,3 163,4 161,2 159,3 168,8 Unit price (US $ per millions of BTU) 10,1 11,3 10,4 10,0 6,5 4,3 4,2 4,3 4,1 4,4 4,5 4,3 4,5 Total hydrocarbon revenues (million US $) , , , , , , , , , , , , ,7 Including: partnership share of Sonatrach 4 973, , , , , , , ,3 689,8 766,5 185,8 244,1 336,5 December 2016: Temporary situation "Data" Source: Exchange control department. QUARTERLY STATISTICAL BULLETIN-March

28 9.2 The exports and imports composition (Values in millions of U,S,A dollars ) Imports Energy Food Raw materials Semi Finished Products Agricultural equipment Industrial equipment Consumer goods Sem Sem Q Q Q Q (As a Percent of total imports ) ,84 17,91 3,65 21,10 0,65 27,00 19, ,93 17,43 3,22 19,69 0,82 28,68 22, ,89 18,87 3,23 21,84 1,13 32,41 17, ,55 18,06 2,92 22,29 1,12 32,13 18, ,76 17,60 3,34 24,57 1,07 32,94 17,71 Sem ,64 17,19 3,53 25,01 1,02 33,14 17,47 Sem ,89 18,02 3,14 24,13 1,13 32,74 17,95 Q ,32 17,12 3,55 24,84 1,04 34,24 16,90 Q ,96 17,26 3,51 25,17 0,99 32,09 18,02 Q ,57 17,91 3,02 23,96 1,04 32,45 18,06 Q ,22 18,12 3,26 24,31 1,22 33,03 17,84 Exports Energy (**) Non-hydrocarbon exports Foods Raw materials Semi Finished Products Agricultural equipments Industrial equipments Consumer goods Sem 1, Sem Q Q Q Q (As a Percent of total exports ) ,18 2,82 0,43 0,23 2,09-0,04 0, ,72 3,28 0,61 0,16 2,44-0,04 0, ,41 4,59 0,53 0,18 3,84 0,0033 0,02 0, ,15 5,85 0,68 0,30 4,80-0,05 0, ,00 6,00 1,10 0,28 4,38-0,18 0,06 Sem ,83 6,17 0,97 0,26 4,71-0,17 0,07 Sem ,13 5,87 1,21 0,30 4,11-0,19 0,05 Q ,34 6,66 1,09 0,20 5,22-0,10 0,05 Q ,24 5,76 0,87 0,31 4,27-0,22 0,08 Q ,10 5,90 1,06 0,36 4,20-0,23 0,04 Q ,15 5,85 1,33 0,26 4,04-0,16 0,07 Source: Customs General Department. (**) Data Source : Bank of Algeria /December 2016 : Temporary situation. G 9.2 Exports and Imports Evolution Millions of Dollars EU EXPORTS AND IMPORTS ( ) Millions of dollars EU EXPORTS AND IMPORTS ( ) Imports Exports Imports Exports QUARTERLY STATISTICAL BULLETIN-March

29 PRICE 10.1 Consumer Price Index-CPI (city of Algiers) (Base 2001) Global CPI Group CPI Excluding food (**) ,23 144,85 107,46 131,71 113,56 117,45 145,34 118,89 141,78 129, ,39 150,96 111,41 133,52 117,50 122,61 149,68 119,55 162,96 135, ,05 169,41 117,84 139,56 122,11 127,90 156,43 123,00 184,83 144, ,10 174,80 127,19 141,78 125,38 133,19 165,19 119,46 186,22 148, Q1 161,56 177,31 133,10 142,72 127,45 136,31 162,72 122,07 184,09 149,64 Q2 162,62 177,72 134,77 143,99 129,55 138,80 163,53 122,59 186,76 151,20 Q3 165,66 182,11 136,72 144,03 130,76 140,03 163,61 136,61 189,19 153,20 Q4 169,23 189,31 139,57 143,77 131,83 141,06 163,95 139,23 189,11 154,03 S1 162,09 177,52 133,94 143,35 128,50 137,56 163,12 122,33 185,43 150,42 S2 167,45 185,71 138,15 143,90 131,30 140,54 163,78 137,92 189,15 153,61 A 164,77 181,61 136,04 143,63 129,90 139,05 163,45 130,13 187,29 152, Q1 164,97 189,35 143,18 144,39 132,61 144,39 165,33 128,59 194,66 152,26 Q2 171,38 189,07 145,54 145,26 134,96 146,82 169,44 128,64 197,96 157,98 Q3 173,54 190,13 148,85 145,56 136,75 148,28 171,18 143,71 201,41 160,99 Q4 175,65 192,07 153,83 146,68 138,22 150,86 171,93 144,88 205,88 163,21 S1 168,17 189,21 144,36 144,83 133,79 145,61 167,39 128,62 196,31 155,12 S2 174,60 191,10 151,34 146,12 137,48 149,57 171,56 144,29 203,65 162,10 A 171,39 190,16 147,85 145,47 135,64 147,59 169,47 136,45 199,98 158, Jan 177,42 192,25 159,53 151,79 139,16 152,06 175,63 133,42 212,89 166,19 Feb 177,06 188,60 162,04 152,98 139,40 155,49 179,46 133,64 213,79 168,33 Mar 180,36 192,33 162,52 155,13 139,57 155,95 186,69 133,64 216,94 171,30 Apr 182,07 195,58 162,52 155,13 142,14 155,95 187,08 133,69 218,13 171,85 May 183,31 196,27 165,80 155,13 142,14 156,94 190,60 133,69 219,23 173,50 Jun 185,79 201,39 168,29 155,18 142,28 157,15 190,93 133,88 219,23 173,98 Jul 184,90 198,62 168,71 155,18 142,37 157,15 190,93 133,88 222,30 174,50 Aug 185,67 198,66 169,18 155,18 144,92 158,63 193,84 133,91 222,74 175,83 Sept 186,37 199,24 172,92 155,21 144,92 159,05 194,08 136,04 222,84 176,62 Oct 185,14 195,65 173,97 155,21 145,08 159,05 194,08 136,07 225,47 177,17 Nov 187,97 200,20 175,27 155,21 145,19 160,50 194,50 136,07 232,56 178,70 Dec 188,33 200,47 177,25 155,26 146,35 160,69 194,65 136,08 232,59 179,14 Q1 178,28 191,06 161,36 153,30 139,38 154,50 180,59 133,57 214,54 168,61 Q2 183,72 197,75 165,54 155,15 142,19 156,68 189,54 133,75 218,86 173,11 Q3 185,65 198,84 170,27 155,19 144,07 158,28 192,95 134,61 222,63 175,65 Q4 187,15 195,88 165,72 154,55 141,88 156,49 187,69 133,98 218,68 172,46 S1 181,00 194,40 163,45 154,22 140,78 155,59 185,07 133,66 216,70 170,86 S2 186,40 198,81 172,88 155,21 144,81 159,18 193,68 135,34 226,42 176,99 A 183,70 196,61 168,17 154,72 142,79 157,38 189,37 134,50 221,56 173, Consumer price changes on average per year (annual average inflation) (*) CPI change Annual average (*) Group Change Excluding food (**) ,91% 4,24% 2,73% 1,85% 3,53% 2,83% 2,48% -0,14% 10,98% 3,64% ,52% 4,22% 3,68% 1,38% 3,47% 4,40% 2,99% 0,55% 14,94% 4,78% ,89% 12,22% 5,77% 4,52% 3,89% 4,31% 4,51% 2,88% 13,42% 6,09% ,26% 3,18% 7,75% 1,59% 2,68% 4,14% 5,61% -2,87% 0,75% 3,32% ,92% 3,90% 7,14% 1,30% 3,60% 4,40% -1,05% 8,93% 0,57% 2,04% 2015 Oct 5,11% 5,78% 8,16% 1,19% 4,28% 5,74% 3,15% 6,57% 5,82% 4,50% Nov 4,86% 5,06% 8,39% 1,23% 4,33% 5,92% 3,41% 5,80% 6,30% 4,68% Dec 4,78% 4,70% 8,68% 1,28% 4,41% 6,14% 3,68% 4,86% 6,78% 4,86% 2016 Jan 4,82% 4,39% 9,09% 1,63% 4,50% 6,36% 4,14% 4,67% 7,24% 5,20% Feb 4,70% 3,75% 9,52% 2,03% 4,59% 6,38% 4,69% 4,59% 7,61% 5,55% Mar 4,69% 3,23% 9,98% 2,54% 4,68% 6,41% 5,60% 4,51% 7,91% 6,02% Apr 4,77% 2,96% 10,44% 3,04% 4,78% 6,45% 6,25% 4,44% 8,27% 6,42% May 4,87% 2,69% 10,94% 3,55% 4,88% 6,56% 6,96% 4,36% 8,67% 6,86% Jun 5,16% 2,82% 11,43% 4,02% 4,97% 6,65% 7,69% 4,28% 9,06% 7,30% Jul 5,53% 3,20% 11,92% 4,50% 5,07% 6,73% 8,40% 3,25% 9,41% 7,65% Aug 5,77% 3,35% 12,39% 4,97% 5,12% 6,78% 9,06% 2,23% 9,74% 7,98% Sept 5,72% 2,88% 12,80% 5,41% 5,17% 6,85% 9,72% 1,23% 10,07% 8,30% Oct 5,84% 2,83% 13,20% 5,74% 5,22% 6,91% 10,37% 0,25% 10,29% 8,58% Nov 6,18% 3,23% 13,53% 6,06% 5,27% 6,79% 11,06% -0,63% 10,55% 8,86% Dec 6,40% 3,39% 13,74% 6,35% 5,28% 6,64% 11,74% -1,43% 10,80% 9,11% Group: 1- Food and Soft Drinks 2- Clothing /Footwear 3- Housing / Charges 4- House furnishing 5- Medical Care 6- Transportation / Communications 7- Education / Culture / Recreation 8- Others (**) Calculation : The Bank of Algeria Data source : National Statistics Office (*) Inflation on annual average at 12-Month (**) : The Bank of Algeria's Calculation QUARTERLY STATISTICAL BULLETIN-March