Economy of Algeria
Population: 42.23 M (2018)
GDP per Capita: 4,115 USD (2018)
173,760 M.

GDP USD

(2018)

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44,520 M.

EXPORTS USD

(2018)

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56,200 M.

IMPORTS USD

(2018)

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38.34 %

PUBLIC DEBT

(2018)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 1.40 % (2018)
GDP of 2010 USD USD 201.20 B. (2018)
GDP Current USD USD 173.76 B. (2018)
GDP per Capita Current USD USD 4,115 (2018)
GDP per capita, PPP USD 13,737 (2018)
GDP per Capita, 2010 USD USD 4,764 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 17.31 % (2018)
Government Spending USD 30.08 B. (2018)
Government Debt % GDP 38.34 % (2018)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 222.91 (2018)
Trade Openness 57.96 % (2018)
Exports of Goods and Services % GDP 25.62 % (2018)
Exports Goods & Services USD 44.52 B. (2018)
Exports Annual Growth 7.00 % (2016)
Imports as % GDP 32.34 % (2018)
Total Imports USD 56.20 B. (2018)
Foreign Direct Investment % GDP 0.87 % (2018)
Foreign Direct Investment USD 1.51 B. (2018)
Current Account Balance % GDP USD % (2018)
Current Account Balance USD B. (2018)
Trade Balance % GDP % (2018)
Trade Balance USD B. (2018)
Foreign Exchange Reserves incl Gold USD 87.38 B. (2018)
Remittances % GDP 1.11 % (2018)
Remittances USD 1,635 M. (2017)
Balance of Payments USD 44 M. (2017)

Labor Market

Indicator Value
Labor Force 12.32 M. (2019)
Unemployment Rate 12.35 % (2019)
Unemployment Rate Females 21.08 % (2019)
Unemployment Rate Males 9.70 % (2019)
Youth Unemployment (ages 15-24) 30.84 % (2019)
Labor Force Participation Rate 41.19 % (2019)
Labor Force (Percent Female) 17.63 % (2019)
Female Labor Force Participation Rate 14.92 % (2019)
Male Labor Force Participation Rate 67.17 % (2019)
Dependent People 57.51 % (2018)

Agriculture Sector

Indicator Value
Forest Area 0.80 % (2016)
Forest Area km² 19,636 km² (2016)
Agricultural Land 17.37 % (2016)
Agricultural Land km² 413,602 km² (2016)
Employment 9.21 % (2019)
Value added % GDP 11.98 % (2018)
Agriculture Value added USD 20.81 B. (2018)
Crop Production Index 154.30 (2016)
Precipitation 89 mm (2014)
Arable Land 3 % (2016)
Cereal Yield 991 kg/hectare (2017)
Food production index 152 (2016)
Rural Population 27 % (2018)
Fertilizer use of Arable Land 22 kg/hectare (2016)
Livestock Production Index 147 (2016)
Economy of Algeria

According to the World Bank and its latest published data, the economy of the Algeria presents a growth rate of 1.40 % (2018) to the previous year.

With a population that reaches 42.23 M (2018) and a gross domestic product of USD 173.76 B. (2018), it translates a Gross Domestic Product per Capita of USD 4,115 placing its inhabitants on the threshold of an Upper middle income country (according to the World Bank's updated classification).

Algeria also has a workforce of 12.32 M. (2019) with an unemployment rate of 12.35 % (2019), where women represent 21.08 % (2019) and men 9.70 % (2019), the unemployment rate for young people between 15-24 years old stood at 30.84 % (2019). The total number of dependent people stands at 57.51 % (2018).

The central government spent 17.31 % (2018) of its gross domestic product that year, which in absolute terms is USD 30.08 B. (2018). Its consolidated public debt reached 38.34 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Algeria exported USD 44.52 B. (2018), which represents 25.62 % (2018) of its gross domestic product, in that same sense its imports reached USD 56.20 B. (2018) with a direct foreign investment of USD 1.51 B. (2018).

Algeria has a forest area of 19,636 km² (2016), which represents 0.80 % (2016) of its total area, an average rainfall of 89 mm (2014) per year and a population of 27 % (2018) living in rural areas. With a total area of 413,602 km² (2016) available for agriculture and 9.21 % (2019) of its employments, the agricultural sector contributes to the economy of the Algeria about USD 20.81 B. (2018) (11.98 % (2018) of its GDP).