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 June of 2022.

GDP Growth Rate in Algeria is expected to reach 3.40 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Algeria GDP Growth Rate is projected to trend around 2.30 percent in 2022 and 1.70 percent in 2023, according to our econometric models.

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Algeria GDP Growth Rate

Related Last Previous Unit Reference
GDP Growth Rate 0.80 1.40 percent Dec 2019
GDP Annual Growth Rate 3.10 3.00 percent Dec 2021
Gross Fixed Capital Formation 7091600.00 7868200.00 DZD Million Dec 2020

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