The Gross Domestic Product (GDP) in Algeria expanded 1.40 percent in 2018 from the previous year. Algeria GDP Growth Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

GDP Growth Rate in Algeria averaged 3.39 percent from 2001 until 2018, reaching an all time high of 6.70 percent in 2003 and a record low of 1.30 percent in 2017. This page provides - Algeria GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP Growth Rate in Algeria is expected to reach 2.80 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Algeria GDP Growth Rate is projected to trend around 3.90 percent in 2021 and 4.20 percent in 2022, according to our econometric models.

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Algeria GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.40 1.30 6.70 1.30 2001 - 2018 percent Yearly

Algeria GDP Growth Rate
Algerian economy is highly dependent on petroleum and natural gas exports. It is estimated that hydrocarbons account for roughly 60% of budget revenues, 30% of GDP, and over 95% of export earnings. Algeria has $150 billion in foreign currency reserves and a large stabilization fund. State dominance over the economy, corruption and bureaucracy continue to hamper further development and diversification of the economy.