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Algeria

Headline economic indicators for Algeria, with the most recent official readings.

Prices

Prices — Algeria
Indicator Value Change
Inflation rate · 1.4% -2.63 (-64.9%)
Consumer price index · 209.5 +2.93 (+1.4%)
GDP deflator inflation · 0.8% -2.59 (-76.8%)

GDP

GDP — Algeria
Indicator Value Change
GDP growth rate · 3.8% +0.12 (+3.1%)
GDP per capita · 6,051 +298.01 (+5.2%)
GDP per capita, long-run history · 13,506 +169.18 (+1.3%)
GDP · 287,031,225,987.74 +17,708,944,323 (+6.6%)
GDP, PPP · 881,645,077,497 +55,544,228,143 (+6.7%)
GDP per capita, PPP · 18,586 +939.93 (+5.3%)
GDP per capita growth · 2.5% +0.20 (+8.7%)
GNI per capita · 5,850 +480.00 (+8.9%)
Agriculture to GDP · 14.5% +0.55 (+4.0%)
Industry to GDP · 34.8% -1.40 (-3.9%)
Manufacturing to GDP · 9.5% +0.33 (+3.7%)
Services to GDP · 45.7% -1.11 (-2.4%)
Household consumption to GDP · 41.8% +0.49 (+1.2%)
Gross capital formation to GDP · 45.3% +4.17 (+10.1%)
Gross savings to GDP · 38.8% -0.60 (-1.5%)

Labour

Labour — Algeria
Indicator Value Change
Unemployment rate · 11.6% -0.02 (-0.2%)
Labour force participation rate · 40.8% -0.38 (-0.9%)
Female labour force participation rate · 14.1% -0.16 (-1.1%)
Youth unemployment rate · 29.4% -0.44 (-1.5%)
Employment to population ratio · 36.0% -0.32 (-0.9%)
Employment in agriculture · 9.5% -0.18 (-1.8%)
Employment in industry · 32.3% +0.14 (+0.4%)
Employment in services · 58.3% +0.04 (+0.1%)

Money

Money — Algeria
Indicator Value Change
Real interest rate · 7.2% +2.69 (+60.0%)
Real effective exchange rate (monthly) · 113.1 -1.35 (-1.2%)
Nominal effective exchange rate (monthly) · 107.1 +0.08 (+0.1%)
Broad money to GDP · 75.1% +1.67 (+2.3%)
Private sector credit to GDP · 19.6% +0.56 (+2.9%)
Lending rate · 8.0% +0.00 (+0.0%)
Bank deposit rate · 1.8% +0.00 (+0.0%)
Stock market capitalization to GDP · 0.2% +0.00 (+2.6%)
Bank nonperforming loans · 20.7% -0.20 (-1.0%)
Official exchange rate · 131.61 -2.45 (-1.8%)

Trade

Trade — Algeria
Indicator Value Change
Current account to GDP · -8.8% -7.73 (-714.7%)
Exports to GDP · 16.8% -3.02 (-15.2%)
Imports to GDP · 22.1% +1.86 (+9.2%)
Trade to GDP · 39.0% -1.16 (-2.9%)
Exports of goods and services · 48,321,061,532.75 -5,145,821,424 (-9.6%)
Imports of goods and services · 63,560,679,353.91 +8,936,211,562 (+16.4%)
Trade balance, goods and services (annual) · -25,503,835,445 -23,901,198,786 (-1,491.4%)
Current account balance (annual) · -25,298,936,780.83 -22,385,195,621 (-768.3%)
Foreign direct investment to GDP · 0.5% +0.06 (+11.7%)
Remittances received to GDP · 0.6% -0.08 (-11.7%)
Total reserves, including gold · 76,825,229,205.75 -6,181,879,224 (-7.4%)
Reserves in months of imports · 11.6 -4.90 (-29.6%)
External debt to GNI · 2.7% -0.33 (-11.0%)

Government

Government — Algeria
Indicator Value Change
Government consumption to GDP · 18.3% +0.22 (+1.2%)
Education spending to GDP · 9.0% +3.37 (+60.0%)
Health spending to GDP · 4.4% +0.72 (+19.7%)

Demography

Demography — Algeria
Indicator Value Change
Population · 47,435,312 +621,004 (+1.3%)
Population, long-run history · 44,114 +712.51 (+1.6%)
Population growth · 1.3% -0.08 (-5.8%)
Life expectancy · 76.5 +0.21 (+0.3%)
Fertility rate · 2.72 -0.04 (-1.6%)
Birth rate · 18.8 -0.79 (-4.0%)
Death rate · 4.6 -0.02 (-0.5%)
Urban population share · 75.8% +0.54 (+0.7%)
Population aged 65 and over · 6.8% +0.22 (+3.4%)
Under-five mortality rate · 21.6 -0.40 (-1.8%)
Population density · 19.7 +0.27 (+1.4%)
Net migration · -27,531 +3,709 (+11.9%)
Gini index · 27.6 -7.70 (-21.8%)

Source: Bank for International Settlements (BIS). Translated titles are not official BIS translations.

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

No separate list is published for Algeria; the database as a whole is cited above.

Economies nearby

Comparable readings from neighbouring economies.