Countries
Algeria
Key Economic Indicators
$824.9 billion
$17,621
3.7%
4.05%
11.63%
$263.62 billion (2024 est.)
<strong>note:</strong> data cover central government debt as well as debt issued
$-2,753,818,845
Economic Overview
suffering oil and gas economy; lack of sector and market diversification; political instability chilling domestic consumption; poor credit access and declines in business confidence; COVID-19 austerity policies; delayed promised socio-economic reforms
All Economic Data
Agricultural products
potatoes, watermelons, wheat, milk, onions, tomatoes, vegetables, oranges, dates, barley (2023)
note:
<b>note:</b> top ten agricultural products based on tonnage
Average household expenditures
On alcohol and tobacco:
1% of household expenditures (2023 est.)
On food:
37.2% of household expenditures (2023 est.)
Budget
Expenditures:
$64.728 billion (2019 est.)
Revenues:
$55.185 billion (2019 est.)
Currency
code:
DZD
name:
Algerian dinar (DZD) [د.ج]
Current account balance
$-2,753,818,845
Current account balance 2021:
-$4.513 billion (2021 est.)
Current account balance 2022:
$19.433 billion (2022 est.)
Current account balance 2023:
$6.359 billion (2023 est.)
Note:
<b>note:</b> balance of payments - net trade and primary/secondary income in current dollars
Debt - external
$6.9 billion
Debt - external 2023:
$4.764 billion (2023 est.)
Note:
<b>note:</b> present value of external debt in current US dollars
Exchange rates
Currency:
Algerian dinars (DZD) per US dollar -
Exchange rates 2020:
126.777 (2020 est.)
Exchange rates 2021:
135.064 (2021 est.)
Exchange rates 2022:
141.995 (2022 est.)
Exchange rates 2023:
135.843 (2023 est.)
Exchange rates 2024:
134.053 (2024 est.)
Exports
$53.47 billion
Exports 2021:
$41.846 billion (2021 est.)
Exports 2022:
$69.226 billion (2022 est.)
Exports 2023:
$59.426 billion (2023 est.)
Note:
<b>note:</b> balance of payments - exports of goods and services in current dollars
Exports - commodities
natural gas, crude petroleum, refined petroleum, fertilizers, iron bars (2023)
note:
<b>note:</b> top five export commodities based on value in dollars
Exports - partners
Italy 29%, France 14%, Spain 13%, USA 6%, Netherlands 4% (2023)
note:
<b>note:</b> top five export partners based on percentage share of exports
Foreign direct investment
net inflows:
$1.23 billion
GDP - composition, by end use
Exports of goods and services:
23.6% (2023 est.)
Government consumption:
17.9% (2023 est.)
Household consumption:
40.8% (2023 est.)
Imports of goods and services:
-20.1% (2023 est.)
Investment in fixed capital:
32.8% (2023 est.)
Investment in inventories:
4.9% (2023 est.)
Note:
<b>note:</b> figures may not total 100% due to rounding or gaps in data collection
GDP - composition, by sector of origin
Agriculture:
13.1% (2023 est.)
Industry:
37.8% (2023 est.)
Note:
<b>note:</b> figures may not total 100% due to non-allocated consumption not captured in sector-reported data
Services:
45.6% (2023 est.)
GDP (official exchange rate)
$263.62 billion (2024 est.)
note:
<b>note:</b> data in current dollars at official exchange rate
GDP per capita (nominal)
$5,753
Gini Index coefficient - distribution of family income
27.6 (2011)
GNI (gross national income)
$264.23 billion
GNI per capita
$5,370
Gross domestic investment
41 % of GDP
Imports
$54.62 billion
Imports 2021:
$44.287 billion (2021 est.)
Imports 2022:
$46.613 billion (2022 est.)
Imports 2023:
$51.131 billion (2023 est.)
Note:
<b>note:</b> balance of payments - imports of goods and services in current dollars
Imports - commodities
wheat, plastics, cars, milk, corn (2023)
note:
<b>note:</b> top five import commodities based on value in dollars
Imports - partners
China 24%, France 12%, Italy 8%, Turkey 7%, Brazil 6% (2023)
note:
<b>note:</b> top five import partners based on percentage share of imports
Industrial production growth rate
3.9% (2023 est.)
note:
<b>note:</b> annual % change in industrial value added based on constant local currency
Industries
petroleum, natural gas, light industries, mining, electrical, petrochemical, food processing
Inflation rate (consumer prices)
4.05%
Inflation rate (consumer prices) 2022:
9.3% (2022 est.)
Inflation rate (consumer prices) 2023:
9.3% (2023 est.)
Inflation rate (consumer prices) 2024:
4% (2024 est.)
Note:
<b>note:</b> annual % change based on consumer prices
Labor force
13.294 million (2024 est.)
note:
<b>note:</b> number of people ages 15 or older who are employed or seeking work
total:
13.56 million persons
Labor force - by occupation
agriculture:
9.48%
industry:
32.26%
services:
58.25%
Public debt
Note:
<strong>note:</strong> data cover central government debt as well as debt issued by subnational entities and intra-governmental debt
Public debt 2017:
27.5% of GDP (2017 est.)
Real GDP (purchasing power parity)
$824.9 billion
Note:
<b>note:</b> data in 2021 dollars
Real GDP (purchasing power parity) 2022:
$672.256 billion (2022 est.)
Real GDP (purchasing power parity) 2023:
$699.818 billion (2023 est.)
Real GDP (purchasing power parity) 2024:
$722.912 billion (2024 est.)
Real GDP growth rate
3.7%
Note:
<b>note:</b> annual GDP % growth based on constant local currency
Real GDP growth rate 2022:
3.6% (2022 est.)
Real GDP growth rate 2023:
4.1% (2023 est.)
Real GDP growth rate 2024:
3.3% (2024 est.)
Real GDP per capita
$17,621
Note:
<b>note:</b> data in 2021 dollars
Real GDP per capita 2022:
$14,800 (2022 est.)
Real GDP per capita 2023:
$15,200 (2023 est.)
Real GDP per capita 2024:
$15,400 (2024 est.)
Remittances
$1.8 billion
Note:
<b>note:</b> personal transfers and compensation between resident and non-resident individuals/households/entities
Remittances 2021:
1% of GDP (2021 est.)
Remittances 2022:
0.8% of GDP (2022 est.)
Remittances 2023:
0.8% of GDP (2023 est.)
Reserves of foreign exchange and gold
$83.01 billion
Note:
<b>note:</b> holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars
Reserves of foreign exchange and gold 2022:
$71.852 billion (2022 est.)
Reserves of foreign exchange and gold 2023:
$81.217 billion (2023 est.)
Reserves of foreign exchange and gold 2024:
$83.007 billion (2024 est.)
Unemployment rate
11.63%
Note:
<b>note:</b> % of labor force seeking employment
Unemployment rate 2022:
12.4% (2022 est.)
Unemployment rate 2023:
11.8% (2023 est.)
Unemployment rate 2024:
11.5% (2024 est.)
Youth unemployment rate (ages 15-24)
Female:
45.8% (2024 est.)
Male:
26.8% (2024 est.)
Note:
<b>note:</b> % of labor force ages 15-24 seeking employment
Total:
29.8% (2024 est.)
World Bank Indicators
Currency
Eastern Caribbean dollar (XCD) $ (2025)
Exports (US$)
$1.02B (2022)
FDI Net Inflows (US$)
$245.74M (2024)
GDP Growth (%)
3.66 (2024)
Gdp Nominal
$2.21B (2024)
GDP Per Capita
23,542 (2024)
Imports (US$)
$1.18B (2022)
Inflation Rate (%)
6.20 (2024)
Languages
English (2025)
Reserves
$358.44M (2024)
Economic Rankings
Reserves
#31
Unemployment Rate
#31
GDP (PPP)
#39
GDP (Nominal)
#50
Exports
#56
Imports
#63
External Debt
#77
Inflation Rate
#86
GDP per Capita
#101
GDP Growth Rate
#129
Gini Index
#163
Quick Facts
Industries
petroleum, natural gas, light industries, mining, electrical, petrochemical, food processing
Agricultural products
potatoes, watermelons, wheat, milk, onions, tomatoes, vegetables, oranges, dates, barley (2023)
Labor force
13.294 million (2024 est.)
Exports - partners
Italy 29%, France 14%, Spain 13%, USA 6%, Netherlands 4% (2023)
Imports - partners
China 24%, France 12%, Italy 8%, Turkey 7%, Brazil 6% (2023)
Exchange rates
Algerian dinars (DZD) per US dollar -
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