Algeria - Economic Forecasts - 2018-2020 Outlook

This page has economic forecasts for Algeria including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Algeria economy.


Overview Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 11.70 12 12 12 12 11.8 percent
Inflation Rate 2.53 5.3 5.5 5.4 5 4.9 percent
Interest Rate 3.75 3.5 3.5 3.5 4 4 percent
Balance of Trade -1217.00 -1758 -2222 -3270 -3071 -3783 USD Million
Government Debt to GDP 17.70 25 25 25 28 31 percent
MARKETS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Currency 114.69
115 116 117 118 122
GDP Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Annual Growth Rate 0.60
percent
2.6 2.5 2.7 2.8 4
GDP 156.08
USD Billion
147 145 144 91.6 76.6
GDP Constant Prices 14584200000.00
DZD Thousand
13418877240 14976211772 16533546303 17053183185 20567511534
Gross Fixed Capital Formation 7467341.80
DZD Million
7661493 7654025 7868353 7676427 8494044
GDP per capita 4846.40
USD
4865 5032 4916 5075 5110
GDP per capita PPP 13974.70
USD
13976 14046 14116 14281 14239
GDP From Agriculture 2140.30
DZD Billion
2196 2194 2255 2200 2435
GDP From Construction 2021.10
DZD Billion
2074 2072 2130 2078 2299
GDP From Public Administration 3018.90
DZD Billion
3097 3094 3181 3103 3434
GDP From Services 4837.80
DZD Billion
4964 4959 5098 4973 5503
LABOUR Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 11.70
percent
12 12 12 12 11.8
Unemployed Persons 1440.00
Thousand
1440 1440 1440 1440 1440
Full Time Employment 7424.00
Thousand
7652 7723 7794 7671 7284
Labor Force Participation Rate 41.80
percent
41.8 41.8 41.8 41.8 41.8
Population 41.20
Million
43 41.82 41.91 42.13 45.28
Retirement Age Men 60.00
60 60 60 60 60
Retirement Age Women 60.00
60 60 60 60 60
Employed Persons 10858.00
Thousand
10810 10869 10929 10917 10659
Wages In Manufacturing 40935.00
DZD/Month
41361 41721 42080 42106 41822
Youth Unemployment Rate 28.30
percent
29 29 29 29 29
PRICES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate 2.53
percent
5.3 5.5 5.4 5 4.9
Producer Prices 1340.20
Index Points
1381 1393 1405 1394 1498
Import Prices 319.80
Index Points
283 282 282 281 276
Food Inflation -0.74
percent
4.24 4.28 4.28 4.28 4.28
Inflation Rate Mom -0.19
percent
0.3 0.59 0.42 0.49 0.47
Producer Prices Change 2.50
percent
3.58 3.71 3.71 3.78 3.27
Consumer Price Index CPI 210.20
Index Points
217 221 220 221 243
CPI Transportation 208.69
Index Points
209 210 211 219 234
Export Prices 1369.00
Index Points
1383 1411 1438 1455 1991
MONEY Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Interest Rate 3.75
percent
3.5 3.5 3.5 4 4
Deposit Interest Rate 1.80
percent
1.55 1.55 1.55 2.05 2.05
Foreign Exchange Reserves 97300.00
USD Million
123663 122397 123264 106292 126957
TRADE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade -1217.00
USD Million
-1758 -2222 -3270 -3071 -3783
Exports 2098.00
USD Million
2861 3045 3227 3406 5214
Imports 3315.00
USD Million
4620 5268 5897 6477 8997
Current Account -4.91
USD Billion
-3.32 -2.81 -2.34 -1.91 0.94
Current Account to GDP -9.80
percent
-4.5 -4.5 -4.5 -3.2 -2.8
Gold Reserves 173.60
Tonnes
174 174 174 174 174
Crude Oil Production 966.00
BBL/D/1K
1075 1048 1046 1055 1049
Terms Of Trade 5.30
Index Points
488 500 585 518 720
Terrorism Index 3.97
3.94 3.84 3.73 3.69 3.59
Tourism Revenues 303.70
USD Million
329 341 353 360 373
Tourist Arrivals 2100.00
Thousand
2000 2100 2200 2225 2100
External Debt 4021.00
USD Million
3962 3962 3962 3962 3962
Foreign Direct Investment 0.27
USD Billion
0.32 0.32 0.32 0.32 0.32
GOVERNMENT Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Government Debt to GDP 17.70
percent
25 25 25 28 31
Government Budget -6.40
percent of GDP
-6.4 -6.4 -6.4 -6.4 2.16
Government Spending 619539.80
DZD Million
635648 635028 652810 636887 704722
Military Expenditure 10653.80
USD Million
11135 11168 11201 11333 13220
BUSINESS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Industrial Production 2.60
percent
3 3 3 3 3
Manufacturing Production 6.10
percent
-0.14 -1.42 -1.8 -1.35 -1.41
Changes in Inventories 1359496.60
DZD Million
1421880 1397982 1374083 1363913 1352547
Internet Speed 2111.96
KBps
1914 1895 1827 1797 1531
IP Addresses 2024533.00
IP
2215276 2268781 2305862 2340310 2886039
Mining Production -12.60
Percent
-10.65 -10.65 -10.65 -10.65 -10.65
Competitiveness Index 4.07
Points
3.91 3.91 3.91 3.92 3.9
Competitiveness Rank 86.00
86 86 86 86 86
Corruption Index 33.00
Points
33 33 33 33 33
Corruption Rank 112.00
102 104 105 107 98
Ease of Doing Business 166.00
166 166 166 166 166
CONSUMER Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Consumer Spending 7446006.50
DZD Million
7639603 7632157 7845872 7654495 8469776
TAXES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Corporate Tax Rate 26.00
percent
26 26 26 26 26
Personal Income Tax Rate 35.00
percent
35 35 35 35 35
Sales Tax Rate 19.00
percent
19 19 19 18 18
Social Security Rate 35.00
percent
35 35 35 35 35
Social Security Rate For Companies 26.00
percent
26 26 26 26 26
Social Security Rate For Employees 9.00
percent
9 9 9 9 9
CLIMATE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Precipitation 0.34
mm
5.77 3.98 9.47 8.98 7.2
Temperature 13.35
celsius
27.11 32.09 18.01 14.94 23.55