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 Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 11.70 12 12 12 12 11.5 percent
Inflation Rate 4.94 5.8 5.7 4.5 5.4 4.9 percent
Interest Rate 3.75 3.5 3.5 3.75 3.5 4 percent
Balance of Trade -1217.00 450 1156 1849 2501 5450 USD Million
Government Debt to GDP 20.40 25 25 25 25 31 percent
MARKETS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Currency 113.73
115 116 117 119 123
GDP Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Annual Growth Rate 1.40
percent
3.7 3.6 3.7 3.7 4
GDP 156.08
USD Billion
147 145 143 136 88.1
GDP Constant Prices 14584200000.00
DZD Thousand
11994397347 13638677378 15282957409 16927237440 22370629639
Gross Fixed Capital Formation 7467341.80
DZD Million
7810610 7903466 7996322 8081566 8909755
GDP per capita 4846.40
USD
4840 4863 4886 4890 4886
GDP per capita PPP 13974.70
USD
13905 13976 14046 14116 14281
GDP From Agriculture 2034.50
DZD Billion
2095 2110 2124 2142 2247
GDP From Construction 2021.10
DZD Billion
2071 2109 2148 2180 2501
GDP From Public Administration 3018.90
DZD Billion
2927 2980 3033 3023 2803
GDP From Services 4837.80
DZD Billion
4975 5047 5119 5176 5704
LABOUR Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 11.70
percent
12 12 12 12 11.5
Unemployed Persons 1272.00
Thousand
1386 1382 1378 1373 1539
Full Time Employment 7309.00
Thousand
7102 7281 7461 7640 7844
Labor Force Participation Rate 41.80
percent
41.57 41.56 41.54 41.51 41.6
Population 41.20
Million
42 43 41.89 42 44.32
Retirement Age Men 60.00
60 60 60 60 60
Retirement Age Women 60.00
60 60 60 60 60
Employed Persons 10845.00
Thousand
10546 10578 10611 10627 10330
Wages In Manufacturing 40935.00
DZD/Month
41001 41361 41721 42080 42035
Youth Unemployment Rate 28.30
percent
29.33 30.27 31.2 30.12 30.83
PRICES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Inflation Rate 4.94
percent
5.8 5.7 4.5 5.4 4.9
Producer Prices 1343.60
Index Points
1360 1365 1370 1373 1381
Import Prices 282.20
Index Points
282 283 282 282 278
Food Inflation 4.62
percent
4.23 4.58 4.72 4.77 4.8
Inflation Rate Mom -0.65
percent
0.86 0.31 0.55 0.43 0.47
Producer Prices Change 2.70
percent
3.01 3.58 3.71 3.71 3.27
Consumer Price Index CPI 209.33
Index Points
210 210 208 210 219
CPI Transportation 199.99
Index Points
200 200 199 199 195
Export Prices 1369.00
Index Points
1328 1373 1419 1421 982
MONEY Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Interest Rate 3.75
percent
3.5 3.5 3.75 3.5 4
Deposit Interest Rate 1.80
percent
2.07 2.09 2.11 2.2 3.13
Foreign Exchange Reserves 114653.00
USD Million
122511 123663 122397 123264 126957
TRADE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade -1217.00
USD Million
450 1156 1849 2501 5450
Exports 2098.00
USD Million
2675 2861 3045 3227 4589
Imports 3315.00
USD Million
4620 5268 5897 6477 8687
Current Account -5.93
USD Billion
-3.32 -2.81 -2.34 -1.91 0.21
Current Account to GDP -13.50
percent
-4.5 -4.5 -4.5 -4.5 -2.8
Gold Reserves 173.64
Tonnes
174 174 174 174 174
Crude Oil Production 1037.00
BBL/D/1K
1033 1033 1034 1034 1037
Terms Of Trade 5.30
Index Points
5.04 5.03 5.02 5.01 3.82
Terrorism Index 3.97
3.94 3.84 3.73 3.69 3.53
Tourism Revenues 303.70
USD Million
279 287 294 293 278
Tourist Arrivals 2100.00
Thousand
1900 2000 2100 2200 2400
External Debt 3962.00
USD Million
4300 4349 4388 4417 4509
Foreign Direct Investment 0.32
USD Billion
0.6 0.63 0.67 0.69 0.76
GOVERNMENT Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Government Debt to GDP 20.40
percent
25 25 25 25 31
Government Budget -13.20
percent of GDP
-10.01 -9.99 -9.97 -9.63 2.16
Government Spending 619539.80
DZD Million
662432 636677 610923 585168 454030
Military Expenditure 10653.80
USD Million
11154 11265 11376 11436 12057
BUSINESS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Industrial Production 4.10
percent
0.73 0.66 0.8 0.79 0.89
Manufacturing Production 1.50
percent
-1.67 -1 -1.1 -1.14 -1.46
Changes in Inventories 1359496.60
DZD Million
1350138 1322657 1295176 1284401 1166859
Internet Speed 2111.96
KBps
1914 1895 1827 1797 1610
IP Addresses 2024533.00
IP
1922602 1919317 1911621 1900582 1832933
Mining Production -15.60
Percent
-5.79 -8.17 -2.35 -3.32 -1.76
Competitiveness Index 4.07
Points
3.91 3.91 3.91 3.91 3.87
Competitiveness Rank 86.00
90.46 90.46 90.46 90.46 90.12
Corruption Index 34.00
Points
33 33 33 32 31
Corruption Rank 108.00
98 97 95 94 100
Ease of Doing Business 166.00
163 163 163 162 160
CONSUMER Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Consumer Spending 7446006.50
DZD Million
7701167 7836036 7970905 8095054 9421177
TAXES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Corporate Tax Rate 26.00
percent
24 23 23 23 24
Personal Income Tax Rate 35.00
percent
35 35 35 35 35
Sales Tax Rate 17.00
percent
17 17 17 17 17
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 Q1/18 Q2/18 Q3/18 Q4/18 2020
Precipitation 0.34
mm
8.96 5.77 3.98 9.47 7.2
Temperature 13.35
celsius
14.91 27.11 32.09 18.01 23.55