Algeria: Economy
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Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Upper Middle Income |
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Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developing |
| Economic Trivia | Algeria has the world's tenth largest natural gas reserves, and is the sixth largest exporter of gas. |
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Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2017): Italy, China, and France |
| Top Industries Source: CIA World Factbook | Petroleum; Natural Gas; Light Industries; Mining |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $593,153,495,860 (2022) |
| GDP Growth Rate (annual %) | 3.1% (2022) |
| GDP Per Capita, PPP (current international) | $13,210 (2022) |
GDP Country Rank 43/197 (2022)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 9.266% (2022) |
| External debt stocks, total (DOD, current US$) | $7,378,781,412 (2021) |
| Total tax rate (% of commercial profits) | 66.1% (2019) |
| Real Interest Rate (5 year average %) | -9.783% (2022) |
| Manufacturing, value added (% of GDP) | 26.547% (2021) |
| Current Account Balance (BoP, current US$) | $18,279,189,347 (2022) |
Labor and Employment [1]
| Labor Force, Total | 12,638,622 (2022) |
| Employment in Agriculture (% of total employment) | 10.324% (2021) |
| Employment in Industry (% of total employment) | 31.036% (2021) |
| Employment in Services (% of total employment) | 58.641% (2021) |
| Unemployment Rate | 11.55% (2022) |
Trade [1]
| Imports of goods and services (current US$) | $43,063,475,189 (2022) |
| Exports of goods and services (current US$) | $60,792,081,628 (2022) |
| Total Merchandise Trade (% of GDP) | 52.243% (2022) |
| FDI, net inflows (BoP, current US$) | $75,197,018 (2022) |
| Commercial Service Exports (current US$) | $3,522,517,151 (2022) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Algeria’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.