The economy of Algeria advanced 1.5 percent in the first quarter of 2019, following a downwardly revised 2.3 percent growth in the previous period. Output rose at a softer patch for construction (2.9 percent vs 8.6 percent in Q4); agriculture (2.7 percent vs 3.8 percent) and manufacturing (4.6 percent vs 4.7 percent). In addition, the oil sector contracted further (-7.7 percent vs -5.4 percent). GDP Annual Growth Rate in Algeria averaged 3 percent from 2001 until 2019, reaching an all time high of 6.70 percent in the fourth quarter of 2003 and a record low of -0.40 percent in the fourth quarter of 2017.
GDP Annual Growth Rate in Algeria is expected to be 0.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Algeria to stand at 1.60 in 12 months time. In the long-term, the Algeria GDP Annual Growth Rate is projected to trend around 1.50 percent in 2020, according to our econometric models.