The Gross Domestic Product (GDP) in Algeria expanded 0.80 percent in 2019 from the previous year.

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 August of 2020.

GDP Growth Rate in Algeria is expected to reach -2.60 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Algeria GDP Growth Rate is projected to trend around 1.40 percent in 2021 and 2.00 percent in 2022, according to our econometric models.

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Algeria GDP Growth Rate

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

Algeria GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.80 1.40 6.70 0.80 percent [+]
GDP Annual Growth Rate 0.20 1.30 6.70 -0.40 percent [+]
GDP 169.99 173.76 213.80 2.00 USD Billion [+]
GDP Constant Prices 20288.40 20259.00 20288.40 4123.50 DZD Billion [+]
Gross Fixed Capital Formation 8207500.00 8202500.00 8207500.00 541826.00 DZD Million [+]
GDP per capita 4710.60 4764.50 4830.20 1638.80 USD [+]
GDP per capita PPP 11349.70 11479.50 11637.90 7668.00 USD [+]
GDP From Agriculture 2429.40 2426.90 2429.40 346.20 DZD Billion [+]
GDP From Construction 2386.80 2254.10 2386.80 271.30 DZD Billion [+]
GDP From Public Administration 3025.50 3064.50 3064.50 424.80 DZD Billion [+]
GDP From Services 5581.90 5305.40 5581.90 770.30 DZD Billion [+]


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.