Algeria - Economic Forecasts - 2018-2020 Outlook

This page has economic forecasts for Algeria including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Algeria economy.


Overview Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 11.70 12 12 12 9.1 11.8 percent
Inflation Rate 4.66 5.5 5.4 5 4.5 4.9 percent
Interest Rate 3.75 3.75 3.75 3.75 3.75 4 percent
Balance of Trade -987.00 -3571 -3467 -3469 -3429 -3417 USD Million
Government Debt to GDP 17.70 25 25 28 28 31 percent
MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 117.61
118 120 121 122 126
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate 0.60
percent
0.9 2.7 1.2 1 4
GDP 170.37
USD Billion
175 175 178 178 156
GDP Constant Prices 14584200000.00
DZD Thousand
14976211772 16533546303 17053183185 17572820068 20567511534
Gross Fixed Capital Formation 7467341.80
DZD Million
7534548 7668960 7556950 7542015 8278796
GDP per capita 4825.20
USD
4951 4951 5044 5044 5076
GDP per capita PPP 13913.80
USD
13993 13972 14281 14281 13882
GDP From Agriculture 2318.90
DZD Billion
2160 2382 2347 2342 2571
GDP From Construction 2129.50
DZD Billion
2008 2187 2155 2151 2361
GDP From Public Administration 3175.60
DZD Billion
3046 3261 3214 3207 3521
GDP From Services 5153.80
DZD Billion
4881 5293 5216 5205 5714
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 11.70
percent
12 12 12 9.1 11.8
Unemployed Persons 1440.00
Thousand
1437 1489 1500 1511 1605
Full Time Employment 7424.00
Thousand
7723 7794 7671 7549 7284
Labor Force Participation Rate 41.80
percent
41.37 41.25 41.37 41.49 41.56
Population 41.80
Million
42.44 42.63 42.84 43.05 44.93
Retirement Age Men 60.00
60 60 60 60 60
Retirement Age Women 60.00
60 60 60 60 60
Employed Persons 10858.00
Thousand
10779 10677 10768 10858 11085
Wages In Manufacturing 40935.00
DZD/Month
41545 41748 41774 41801 39586
Youth Unemployment Rate 28.30
percent
28.4 28.37 28.31 28.5 28.27
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 4.66
percent
5.5 5.4 5 4.5 4.9
Producer Prices 1359.80
Index Points
1366 1378 1397 1400 1459
Import Prices 319.80
Index Points
302 318 302 316 314
Food Inflation 4.44
percent
3.5 3.8 4.5 2.68 2.89
Inflation Rate Mom 1.60
percent
0.17 0.6 0.39 0.5 0.46
Producer Prices Change 1.80
percent
2.6 2.55 2.76 2.94 2.83
Consumer Price Index CPI 215.37
Index Points
221 220 220 225 243
Cpi Housing Utilities 159.60
Index Points
160 160 160 160 160
CPI Transportation 209.15
Index Points
210 211 220 219 234
Export Prices 1369.00
Index Points
1411 1438 1455 1473 1991
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 3.75
percent
3.75 3.75 3.75 3.75 4
Deposit Interest Rate 1.75
percent
1.75 1.75 1.75 1.75 2
Foreign Exchange Reserves 97300.00
USD Million
122397 123264 81398 79005 126957
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -987.00
USD Million
-3571 -3467 -3469 -3429 -3417
Exports 2098.00
USD Million
-848 -714 -618 -579 -597
Imports 3085.00
USD Million
2724 2814 2851 2850 2820
Current Account -4.91
USD Billion
-5.14 -5.17 -5.17 -5.16 -5.14
Current Account to GDP -10.90
percent
-4.5 -4.5 -3.2 -3.2 -2.8
Gold Reserves 173.60
Tonnes
174 174 174 174 174
Crude Oil Production 1054.00
BBL/D/1K
1043 1045 1047 1048 1052
Terms Of Trade 5.30
Index Points
466 520 482 467 634
Terrorism Index 3.97
3.84 3.73 3.69 3.65 3.59
Tourism Revenues 207.30
USD Million
216 215 223 230 257
Tourist Arrivals 2102.00
Thousand
2250 2300 2400 2500 2200
External Debt 4021.00
USD Million
3927 3929 3878 3948 3920
Foreign Direct Investment 0.27
USD Billion
0.34 0.35 0.35 0.35 0.35
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 17.70
percent
25 25 28 28 31
Government Budget -6.40
percent of GDP
-6.67 -5 -5.35 -5.54 -3.5
Government Spending 619539.80
DZD Million
625116 636267 626974 625735 686863
Military Expenditure 9684.41
USD Million
10167 9947 9961 9975 9910
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Industrial Production -0.70
percent
0.4 0.78 2.1 1.97 1.54
Manufacturing Production -0.80
percent
-1.07 -2.17 1.27 1.13 -0.11
Changes in Inventories 1359496.60
DZD Million
1397982 1374083 1363913 1353743 1352547
Internet Speed 2111.96
KBps
2115 2084 2049 2079 2071
IP Addresses 2024533.00
IP
2268781 2305862 2340310 2390415 2886039
Mining Production -17.40
Percent
-11.5 -16.4 -12.83 -14.34 -13.5
Competitiveness Index 4.07
Points
3.91 3.91 3.92 3.92 3.9
Competitiveness Rank 86.00
88 88 88 88 88
Corruption Index 33.00
Points
32 31 31 32 35
Corruption Rank 112.00
108 111 111 111 112
Ease of Doing Business 166.00
163 163 162 160 156
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Consumer Spending 7446006.50
DZD Million
7513021 7647049 7535359 7520467 8255142
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Corporate Tax Rate 26.00
percent
26 26 20.75 19 24
Personal Income Tax Rate 35.00
percent
35 35 35 35 35
Sales Tax Rate 19.00
percent
19 19 19 19 19
Social Security Rate 35.00
percent
35 35 35 35 35
Social Security Rate For Companies 26.00
percent
26 26 26 26 26
Social Security Rate For Employees 9.00
percent
9 9 9 9 9
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Precipitation 0.34
mm
3.98 9.47 8.98 7.04 7.2
Temperature 13.35
celsius
32.09 18.01 14.94 31.84 23.55