The Gross Domestic Product (GDP) in Algeria expanded 0.70 percent in the second quarter of 2018 over the same quarter of the previous year. GDP Annual Growth Rate in Algeria averaged 3.08 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 2.70 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 1.10 in 12 months time. In the long-term, the Algeria GDP Annual Growth Rate is projected to trend around 4.00 percent in 2020, according to our econometric models.

Algeria GDP Annual Growth Rate
Forecast Data Chart
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Algeria GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 0.70 1.20 6.70 -0.40 percent [+]
GDP 170.37 159.00 213.80 2.00 USD Billion [+]
GDP Constant Prices 14584200000.00 14118253126.96 14584200000.00 2682720207.19 DZD Thousand [+]
Gross Fixed Capital Formation 7691099.10 7467341.80 7691099.10 541826.00 DZD Million [+]
GDP per capita 4825.20 4827.70 4827.70 1628.39 USD [+]
GDP per capita PPP 13913.80 13921.20 13921.20 9126.30 USD [+]
GDP From Agriculture 2281.90 2140.30 2281.90 346.20 DZD Billion [+]
GDP From Construction 2117.40 1993.70 2117.40 271.30 DZD Billion [+]
GDP From Public Administration 3175.60 3018.90 3175.60 424.80 DZD Billion [+]
GDP From Services 5153.80 4837.80 5153.80 770.30 DZD Billion [+]

Algeria GDP Annual 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. To insulate the Algerian economy from volatility in gas & oil prices, the stabilization fund was set up in 2000, which currently have under management more than 50 billion dollars. State dominance over the economy, corruption and bureaucracy continue to hamper further development and diversification of the economy. This page provides - Algeria GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Algeria GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.70 1.20 6.70 -0.40 2001 - 2018 percent Quarterly

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