The economy of Algeria advanced 2.6 percent in the fourth quarter of 2018, quickening from an upwardly revised 1.2 percent growth in the prior period. It is the fastest expansion since the first quarter of 2017, primarily driven by transport & communication (9.5% vs 4.9% in Q3); construction (8.6% vs 5.9%) and the industrial sector (4.3% vs 4.1%). Meanwhile, output went up at a slower pace for agriculture (4.1% vs 7.2%) and the oil sector contracted (-5% vs -9.3%). Considering the full year of 2018, the GDP expanded 1.5 percent, slightly faster than 1.4 percent in 2017. GDP Annual Growth Rate in Algeria averaged 3.03 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 1.00 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 2.30 in 12 months time. In the long-term, the Algeria GDP Annual Growth Rate is projected to trend around 2.40 percent in 2020, according to our econometric models.