Algeria | Economic Forecasts | 2017-2020 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 Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Growth Rate 4.00 4.1 4.12 4.15 4.17 3.1 percent [+]
Unemployment Rate 10.50 11.9 13.5 13.8 14.2 12.56 percent [+]
Inflation Rate 5.16 6.6 5.8 5.7 4.6 4.9 percent [+]
Interest Rate 3.50 3.5 3.5 3.5 3.5 4 percent [+]
Balance of Trade -1239.00 2316 2993 3602 4139 6511 USD Million [+]
Government Debt to GDP 20.40 23 25 25 29.4 31 percent [+]
MARKETS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Currency 113.96 112 111 110 109 96.56 [+]
GDP Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Growth Rate 4.00 4.1 4.12 4.15 4.17 3.1 percent [+]
GDP Annual Growth Rate 3.70 3.9 3.7 3.6 3.6 4 percent [+]
GDP 156.08 143 136 128 121 88.1 USD Billion [+]
GDP Constant Prices 10100768514.72 10403174189 10473919835 10544665481 10615411127 11348735866 DZD Thousand [+]
Gross Fixed Capital Formation 7159367.20 7689342 7849070 8008799 8168527 9815771 DZD Million [+]
GDP per capita 4846.40 4886 4890 4895 4899 4886 USD [+]
GDP per capita PPP 13974.70 14116 14142 14169 14196 14281 USD [+]
GDP From Agriculture 2034.50 2124 2142 2160 2178 2247 DZD Billion [+]
GDP From Construction 2021.10 2148 2180 2213 2246 2501 DZD Billion [+]
GDP From Public Administration 2715.40 2506 2428 2351 2274 1375 DZD Billion [+]
GDP From Services 4553.30 4823 4887 4952 5016 5538 DZD Billion [+]
LABOUR Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 10.50 11.9 13.5 13.8 14.2 12.56 percent [+]
Unemployed Persons 1272.00 1373 1383 1393 1404 1539 Thousand [+]
Full Time Employment 7309.00 7640 7690 7741 7791 7844 Thousand [+]
Labor Force Participation Rate 41.80 41.54 41.51 41.48 41.45 41.6 percent [+]
Population 41.20 42 42 43 42.53 44.32 Million [+]
Wages In Manufacturing 40112.00 39461 39318 39175 39032 37566 DZD/Month [+]
Youth Unemployment Rate 29.90 25.89 25.75 25.61 25.47 25.24 percent [+]
Retirement Age Men 60.00 60 60 60 60 60 [+]
Retirement Age Women 60.00 60 60 60 60 60 [+]
Employed Persons 10845.00 10611 10627 10643 10659 10330 Thousand [+]
PRICES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Inflation Rate 5.16 6.6 5.8 5.7 4.6 4.9 percent [+]
Producer Prices 1310.80 1324 1324 1324 1324 1311 Index Points [+]
Import Prices 259.10 261 260 260 259 254 Index Points [+]
Food Inflation 4.69 5.1 4.93 4.84 4.81 4.79 percent [+]
Inflation Rate Mom 1.31 0.07 0.56 0.43 0.48 0.47 percent [+]
Producer Prices Change 3.90 3.14 3.01 3.05 3.09 3.44 percent [+]
Consumer Price Index CPI 205.76 207 210 210 205 219 Index Points [+]
CPI Transportation 198.51 198 198 197 197 192 Index Points [+]
Export Prices 1369.00 1419 1421 1423 1426 982 Index Points [+]
MONEY Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Interest Rate 3.50 3.5 3.5 3.5 3.5 4 percent [+]
Deposit Interest Rate 1.80 2.11 2.2 2.3 2.39 3.13 percent [+]
Foreign Exchange Reserves 144130.00 188515 192511 193663 192397 156957 USD Million [+]
TRADE Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Balance of Trade -1239.00 2316 2993 3602 4139 6511 USD Million [+]
Exports 2282.00 3259 3447 3631 3813 5335 USD Million [+]
Imports 3521.00 5734 6359 6926 7421 9190 USD Million [+]
Current Account -4.89 -2.3 -1.81 -1.35 -0.95 1.35 USD Billion [+]
Current Account to GDP -13.50 -7.7 -4.5 -4.5 -7.47 -2.8 percent [+]
Gold Reserves 173.64 174 174 174 174 174 Tonnes [+]
Crude Oil Production 1067.00 1066 1066 1066 1066 1064 BBL/D/1K [+]
Terms Of Trade 5.30 5.01 4.99 4.96 4.93 3.82 Index Points [+]
Terrorism Index 4.28 4.36 4.36 4.37 4.38 4.51 [+]
External Debt 3849.00 4384 4495 4554 4609 4658 USD Million [+]
Foreign Direct Investment 0.29 0.61 0.65 0.68 0.71 0.78 USD Billion [+]
GOVERNMENT Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Government Debt to GDP 20.40 23 25 25 29.4 31 percent [+]
Government Budget -16.00 -9.53 -8.94 -8.34 -7.74 2.16 percent of GDP [+]
Government Spending 606890.60 571014 561973 552932 543891 411968 DZD Million [+]
Military Expenditure 10653.80 11376 11436 11496 11555 12057 USD Million [+]
BUSINESS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Industrial Production 1.50 0.69 0.84 0.9 0.93 0.88 percent [+]
Manufacturing Production -0.20 -1.85 -1.68 -1.37 -1.32 -1.45 percent [+]
Changes in Inventories 1326028.80 1224649 1210515 1196380 1182246 1039149 DZD Million [+]
Mining Production 0.60 -1.22 -0.62 -0.56 -0.87 -0.68 Percent [+]
Steel Production 35.00 58.22 58.73 59.17 59.53 61.07 Thousand Tonnes [+]
Competitiveness Index 3.98 3.85 3.73 3.68 3.62 3.96 Points [+]
Competitiveness Rank 87.00 94 93 93 93 88 [+]
Corruption Index 34.00 33 32 32 32 31 Points [+]
Corruption Rank 108.00 94 98 101 105 100 [+]
Ease of Doing Business 156.00 157 156 155 154 146 [+]
CONSUMER Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Consumer Spending 6750300.10 7217776 7325779 7433782 7541785 8746114 DZD Million [+]
TAXES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Corporate Tax Rate 26.00 23.22 23.3 23.38 23.46 23.51 percent [+]
Personal Income Tax Rate 35.00 35 35 35 35 35 percent [+]
Sales Tax Rate 17.00 17 17 17 17 17 percent [+]
Social Security Rate 35.00 35 35 35 35 35 percent [+]
Social Security Rate For Companies 26.00 26 26 26 26 26 percent [+]
Social Security Rate For Employees 9.00 9 9 9 9 9 percent [+]