The economy of Algeria rebounded by 3.4% year-on-year in 2021, after contracting by 5.1% in 2020, driven by higher energy prices and the increase in OPEC+ production quotas. The country is heavily dependent on the oil and gas sector, which accounts for 95% of its exports. In the non-hydrocarbons sector, consisting mainly of fertilizers, mineral products, chemicals and agri-food products, activity remains subdued.

Full Year GDP Growth in Algeria averaged 2.92 percent from 2000 until 2021, reaching an all time high of 7.20 percent in 2003 and a record low of -5.10 percent in 2020. This page includes a chart with historical data for Algeria Full Year GDP Growth. Algeria Full Year GDP Growth - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.

Full Year GDP Growth in Algeria is expected to reach 2.60 percent by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the Algeria Full Year GDP Growth is projected to trend around 2.10 percent in 2024 and 1.80 percent in 2025, according to our econometric models.

Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
Algeria Full Year GDP Growth