Algeria GDP Growth Rate
The Gross Domestic Product (GDP) in Algeria expanded 3.10 percent in 2012 from the previous year. GDP Growth Rate in Algeria averaged 3.72 Percent from 2001 until 2012, reaching an all time high of 6.70 Percent in 2003 and a record low of 2 Percent in 2006. GDP Growth Rate in Algeria is reported by the Office National des Statistiques (ONS).
||2001 - 2012
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. This page provides - Algeria GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.