A Decades-Old Regime Nears Economic Breaking Point
The Arab Spring continues in Algeria.
Algeria GDP and Economic Data
Includes Algeria real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.
Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Algeria economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Algeria best banks and safest banks are also available.
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Real GDP growth
| 2017 | 2018 | 2019 | 2020* | 2021* |
| 1.4% | 1.2% | 0.8% | -4.9% | 3.6% |
*Estimate
Source
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GDP - composition by sector
- agriculture: 14.2%
- industry: 34.2%
- services: 47.8%
(2017 estimate)
Inflation
| 2017 | 2018 | 2019 | 2020* | 2021* |
| 5.6% | 4.3% | 2.0% | 2.4% | 6.5% |
*Estimate
Source
Unemployment rate
| 2017 | 2018 | 2019 | 2020* | 2021* |
| 11.7% | 11.7% | 11.4% | 14.0% | 14.1% |
*Estimate
Source
Public debt (General government gross debt as a % of GDP)
| 2017 | 2018 | 2019 | 2020* | 2021* |
| 26.8% | 37.8% | 45.8% | 55.6% | 58.5% |
*Estimate
Source
Public deficit (General government net lending/borrowing as a % of GDP)
| 2017 | 2018 | 2019 | 2020* | 2021* |
| -6.2% | -4.6% | -6.2% | -6.2% | -9.6% |
*Estimate
Source
Government bond ratings
Standard & Poor's: N/A
Moody's: N/A
Standard & Poor's / Moody's (Updated January 2017)
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Market value of publicly traded shares
USD 0.4 billion (2018)
Source
Current account balance by percentage of GDP
-9.6 % (2018 estimate)
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Exports as percent of GDP (Exports of goods and services)
22.6% (2017)
Shares in world total merchandising export
0.21% (2018)
Shares in world total commercial services export
0.05% (2018)
Export commodities
Petroleum, natural gas, and petroleum products 97% (2009 est.)
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Import commodities
Capital goods, foodstuffs, consumer goods
Exports - major partners
Italy 17.4%, Spain 13%, France 11.9%, US 9.4%, Brazil 6.2%, Netherlands 5.5% (2017)
Imports - major partners
China 18.2%, France 9.1%, Italy 8%, Germany 7%, Spain 6.9%, Turkey 4.4% (2017)
FDI inflows
| 2016 | 2017 | 2018 |
| USD 1,637 million | USD 1,232 million | USD 1,506 million |
FDI outflows
| 2016 | 2017 | 2018 |
| USD 46 million | USD -3.5 million | USD 880 million |
Value of cross-border M&A, by country of purchaser
| 2015 | 2016 | 2017 | 2018 |
| N/A | N/A | USD 25 million | USD -73 million |
Cross-border M&A deals worth over $3 billion completed in 2014
N/A
(for a monthly update on M&A; click here )
Cross-border M&A deals worth over $3 billion completed in 2015
N/A
(for a monthly update on M&A; click here )
Best countries for doing business
Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.
Overall ranking:
157 out of 190 countries
Subcategories:
Starting a Business: 152 out of 190 countries
Dealing with Construction Permits: 121 out of 190 countries
Getting Electricity: 102 out of 190 countries
Registering Property: 165 out of 190 countries
Getting Credit: 181 out of 190 countries
Protecting Minority Investors: 179 out of 190 countries
Paying Taxes: 158 out of 190 countries
Trading across Borders: 172 out of 190 countries
Enforcing Contracts: 113 out of 190 countries
Resolving Insolvency: 81 out of 190 countries
Source
Global competitiveness ranking
89 out of 141 countries
(2019)
Index of Economic Freedom
Ranking: 171 / Score: 46.2 (Repressed)
(100=totally free 0=totally repressed)
Source
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Languages
Arabic (official), French (lingua franca), Berber or Tamazight (official); dialects include Kabyle Berber (Taqbaylit), Shawiya Berber (Tacawit), Mzab Berber, Tuareg Berber (Tamahaq)
Religions
Muslim (official; predominantly Sunni) 99%, other (includes Christian and Jewish) <1% (2012 est.)
Total population
| 1990 | 2000 | 2010 | 2015 | 2020* |
| 25.02 million | 30.51 million | 35.98 million | 39.96 million | 44.23 million |
*Estimate
Source
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Urban population as % of total population
| 1960 | 1980 | 2000 | 2018 |
| 30.5% | 43.5% | 59.9% | 72.6% |
Literacy
Total population: 80.2%
Male: 87.2%
Female: 73.1%
Definition: age 15 and over can read and write (2015 est.)
% of population living on less than $3.10 a day
3.9% (last available estimate, 2011)
Inequality of wealth distribution (Gini index)
27.6 (last available estimate, 2011)
Source
Freedom House rating
Not Free
Political Rights: 6
Civil Liberties: 5 (2019)
(1 represents the most free, 7 the least free rating)
Source
Total telephone subscribers as % of population
Fixed: 9.8%
Mobile: 121.9%
(2018)
(fixed-telephone subscribers and mobile-cellular subscribers)