Algeria GDP Annual Growth at Near 2-Year High of 2.6%

The economy of Algeria advanced 2.6 percent in the fourth quarter of 2018, quickening from an upwardly revised 1.2 percent growth in the prior period.

It is the fastest expansion since the first quarter of 2017, primarily driven by transport & communication (9.5% vs 4.9% in Q3); construction (8.6% vs 5.9%) and the industrial sector (4.3% vs 4.1%).

Meanwhile, output went up at a slower pace for agriculture (4.1% vs 7.2%) and the oil sector contracted (-5% vs -9.3%).

Considering the full year of 2018, the GDP expanded 1.5 percent, slightly faster than 1.4 percent in 2017.