The economy of Algeria grew 0.8 percent year-on-year in the third quarter of 2018, after an upwardly revised 1.1 percent rise in the previous period. It is the slowest expansion since Q4 2017. Output advanced less in agriculture, forestry and fisheries (7.2% vs 9.1% in Q2) while shrank in the mining sector (-9.3% vs -8.2%). On the other hand, faster growth was seen in manufacturing (4% vs 2.1%) and construction (5.9% vs 2.9%). GDP Annual Growth Rate in Algeria averaged 3.04 percent from 2001 until 2018, 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 1.30 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 2.00 in 12 months time. In the long-term, the Algeria GDP Annual Growth Rate is projected to trend around 2.40 percent in 2020, according to our econometric models.