The Gross Domestic Product (GDP) in Algeria expanded 0.80 percent in 2019 from the previous year. source: Office National des Statistiques (ONS)

GDP Growth Rate in Algeria averaged 3.26 percent from 2001 until 2019, reaching an all time high of 6.70 percent in 2003 and a record low of 0.80 percent in 2019. This page provides - Algeria GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Algeria GDP Growth Rate - values, historical data and charts - was last updated on December of 2020.

GDP Growth Rate in Algeria is expected to reach -2.60 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 1.40 percent in 2021 and 2.00 percent in 2022, according to our econometric models.

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Algeria GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.80 1.40 6.70 0.80 2001 - 2019 percent Yearly

Algeria GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.80 1.40 6.70 0.80 percent [+]
GDP Annual Growth Rate -3.90 0.20 6.70 -3.90 percent [+]
GDP 169.99 173.76 213.80 2.00 USD Billion [+]
GDP Constant Prices 20288.40 20259.00 20288.40 4123.50 DZD Billion [+]
Gross Fixed Capital Formation 8207500.00 8202500.00 8207500.00 541826.00 DZD Million [+]
GDP per capita 4710.60 4764.50 4830.20 1638.80 USD [+]
GDP per capita PPP 11349.70 11479.50 11637.90 7668.00 USD [+]
GDP From Agriculture 2429.40 2426.90 2429.40 346.20 DZD Billion [+]
GDP From Construction 2386.80 2254.10 2386.80 271.30 DZD Billion [+]
GDP From Public Administration 3025.50 3064.50 3064.50 424.80 DZD Billion [+]
GDP From Services 5581.90 5305.40 5581.90 770.30 DZD Billion [+]


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.