Economic Growth in Algeria
The Algerian economy recorded an average real GDP growth rate of 1.9% in the decade to 2022, below the 2.0% average for the Middle East & North Africa. In 2022, Algeria's real GDP growth was 3.2%. For more GDP information, visit our dedicated page.
Algeria GDP Chart
Note: This chart displays Economic Growth (GDP, annual variation in %) for Algeria from 2014 to 2023.
Source: Macrobond.
Algeria GDP Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Economic Growth (GDP, ann. var. %) | -5.1 | 3.9 | 3.6 | 4.1 | - |
| GDP (USD bn) | 165 | 186 | 225 | 240 | - |
| GDP (DZD bn) | 20,902 | 25,158 | 32,028 | 32,589 | - |
| Economic Growth (Nominal GDP, ann. var. %) | -9.5 | 20.4 | 27.3 | 1.7 | - |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Algerian GDP projections for the next ten years from a panel of 15 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable GDP forecast available for Algerian GDP.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Algerian GDP projections.
Want to get access to the full dataset of Algerian GDP forecasts? Send an email to info@focus-economics.com.