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.
Basic Information
Government Type: Parliamentary republic
Capital City: Tirana (Tirane)
GDP & Economic Information
Macroeconomy & Sovereign Data
| Central Bank |
Bank of Algeria |
|---|---|
| Currency |
Algerian dinars (DZD) |
| International Reserves |
USD 59.43 billion (2020) |
| Gross Domestic Product – GDP |
USD 163.81 billion (2021 estimate) |
| GDP (Purchasing Power Parity) |
USD 532.57 billion (2021 estimate) |
GDP Data
| Real GDP growth |
2017 1.4% 2018 1.2% 2019 0.8% 2020* -4.9% 2021* 3.6% *Estimate |
|---|---|
| GDP per capita – current prices |
USD 5,837.18 (2021 estimate) IMF – World Economic Outlook, October 2021 |
| GDP per capita – PPP |
USD 3,638.33 (2021 estimate) |
| GDP (PPP) – share of world total |
0.37% (2021 estimate) |
| GDP – composition by sector |
agriculture: 14.2% industry: 34.2% services: 47.8% (2020 estimate) |
| Gross domestic expenditure on R&D; (% of GDP) | N/A |
| Inflation |
2017 5.6% 2018 4.3% 2019 2.0% 2020* 2.4% 2021* 6.5% *Estimate |
Algeria
Capital Raising & Corporate Finance
ANNUAL SURVEY: WORLD’S BEST BANKS 2014
Awards
BEST BANKS 2014: AFRICA
Emerging & Frontier Markets
Middle East Capital Markets: GCC TriumphInflation & Debt
| Inflation |
2017 5.6% 2018 4.3% 2019 2.0% 2020* 2.4% 2021* 6.5% *Estimate |
|---|---|
| Government Bond Ratings |
Standard & Poor’s: N/A Moody’s: N/A Standard & Poor’s / Moody’s (Updated January 2017) |
| Unemployment rate |
2017 11.7% 2018 11.7% 2019 11.4% 2020* 14.0% 2021* 14.1% *Estimate |
| Household saving rates | N/A |
| Public debt (General government gross debt as a % of GDP) |
2017 26.8% 2018 37.8% 2019 45.8% 2020* 55.66% 2021* 58.5% *Estimate |
| Public deficit (General government net lending/borrowing as a % of GDP) |
2017 -6.2% 2019 -4.6% 2019 -6.2% 2020* -6.2% 2021* -9.6% *Estimate |
| Market value of publicly traded shares |
USD 0.4 billion (2018) |
| Largest Companies | N/A |
Import/Export
| 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) |
| Total exports |
USD 45.7 billion (2018 estimate) |
| Export commodities |
Petroleum, natural gas, and petroleum products 97% (2009 est.) |
| Total imports |
USD 58.6 billion (2018 estimate) |
| Import commodities |
Capital goods, foodstuffs, consumer goods |
| Exports – major partners |
India 56.5%, Pakistan 29.6% (2017) |
| Imports – major partners |
Italy 17.4%, Spain 13%, France 11.9%, US 9.4%, Brazil 6.2%, Netherlands 5.5% (2017) |
Competitiveness & Trade
| Current account balance |
USD -16.7 billion (2018 estimate) |
|---|---|
| Current account balance by percentage of GDP |
-9.6 % (2018 estimate) |
| FDI inflows |
2016 USD 1,637 million 2017 USD 1,232 million 2018 USD 1,506 million |
| FDI Outflows |
2018 USD 46 million 2017 USD -3.5 million 2018 USD 880 million |
| Value of cross-border M&A, by country of purchaser |
2015 N/A 2016 N/A 2017 USD 25 million 2018 USD -73 million United Nations Conference on Trade and Development (UNCTAD) – World Investment Report |
| Cross-border M&A deals worth over $3 billion completed in 2014 | N/A |
| Cross-border M&A deals worth over $3 billion completed in 2015 | N/A |
| 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 |
| Global competitiveness ranking | 89 out of 141 (2019) |
| Index of Economic Freedom |
Ranking: 171 / Score: 46.2 (Repressed) (100=totally free 0=totally repressed) |
Population & Geographic Data
| Total Area |
2,381,741 sq km |
|---|---|
| Total Population |
1990 25.02 million 2000 30.51 million 2010 35.98 millionv 2015 39.96 million 2020 44.23 million |
| Urban population as % of total population |
1960 30.5% 1980 43.5% 2000 59.5% 2018 72.6% |
| Population median age |
28.3 years CIA World Factbook / Population median age |
| Population growth rate |
1.63% (2018 estimate) |
| Life expectancy |
77.2 years (2018 estimate) CIA World Factbook / Life expectancy |
| % 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) |
| Freedom House rating |
Not Free Political Rights: 6 Civil Liberties: 5 (2019) (1 represents the most free, 7 the least free rating) |
| Total telephone subscribers as % of population |
Fixed: 9.8% Mobile: 121.9% (2018) (fixed-telephone subscribers and mobile-cellular subscribers) |
| Internet users as % of total population |
59.58 % (2018) |
Language & Religon
| Languages |
Arabic (official), French (lingua franca), Berber or Tamazight (official); dialects include Kabyle Berber (Taqbaylit), Shawiya Berber (Tacawit), Mzab Berber, Tuareg Berber (Tamahaq) CIA World Factbook / Languages |
|---|---|
| Literacy |
Total population: 80.2% Male: 87.2% Female: 73.1% Definition: age 15 and over can read and write (2015 est.) |
| Religions |
Muslim (official; predominantly Sunni) 99%, other (includes Christian and Jewish) <1% (2012 est.) CIA World Factbook / Religions |
World Rankings
| Population | 2.8 M |
|---|---|
| Mercer Cost of living index | N/A |
| C02 Emissions per capita |
1.9 metric tons per capita (2018) |
Global Finance Rankings & Awards: Algeria
Global Finance Magazine holds several conferences and awards ceremonies throughout the year to recognize the winning financial institutions and companies in a host of categories including World’s Best Trade Finance Banks, World's Biggest Banks, World's Safest Banks, World's Best Developed & Emerging Markets Banks, World's Best Internet Banks, and World’s Best Investment Banks.
Data Sources:
IMF World Economic Outlook
UN World Population Prospects
World Inequality Report
S&P Global Ratings
Moody’s
Fitch Ratings
IMF Direction of Trade Statistics (DOTS)
UN Conference on Trade and Development (UNCTAD)
CIA The World Factbook
World Bank’s World Integrated Trade Solution
Forbes Global 2000