The balance of payments deficit reduced by more than 4 billion dollars in 2017, despite the increase in services paid in foreign currency and dividend transfers of foreign companies activating in Algeria, “APS” learned from officials of the Algeria Bank.
Algeria’s overall balance of payments, thus, posted a deficit of $ 21.76 billion in 2017 against a deficit of $ 26.03 billion in 2016.
The balance of payments consists of goods flows (external trade in goods), services, income, capital transfers and financial flows between Algeria (State, enterprises and individuals) and the rest of the world. That is all the currency inflows and outflows between Algeria and other countries.
