Economy
National accounts, economic growth, inflation, and trade statistics for Algeria. Comprehensive data on GDP, sectoral breakdown, foreign trade, and fiscal indicators.
GDP & Economic Growth
Algeria's economy reached $206 billion in 2024, growing at 3.8% annually. Recovery from the 2020 pandemic-induced recession is complete, with growth now driven increasingly by non-hydrocarbon sectors.
Strong recovery from COVID-19 recession with 3.5% growth in 2021
Growth stabilized around 3.5-4% range since 2021
Services sector driving non-hydrocarbon growth
Agriculture sector showed 5.2% growth in 2024, highest among sectors
Inflation
Inflation peaked at 9.3% in 2022 due to global supply disruptions and has since moderated to 6.2% in 2024 through monetary policy adjustments.
Inflation peaked at 9.3% in 2022 due to global supply disruptions
Food inflation remains higher than overall CPI (8.5% in 2024)
Monetary policy tightening helping control inflation
Import costs major driver due to dinar depreciation
Sector Breakdown
Economic diversification is progressing, with hydrocarbons now representing less than 20% of GDP, down from over 35% in 2011. Services and construction are the primary growth drivers.
| Sector | Share of GDP (%) | Growth Rate (%) |
|---|---|---|
| Services | 45.2% | +3.2% |
| Hydrocarbons | 19.5% | -2.1% |
| Industry | 6.8% | +4.5% |
| Construction | 12.5% | +5.8% |
| Agriculture | 12.5% | +5.2% |
| Other | 3.5% | +2.8% |
Foreign Trade
Algeria's trade is dominated by hydrocarbon exports (93% of total) while importing food, capital goods, and consumer products. Trade balance swings significantly with oil and gas prices.
Foreign Exchange Reserves
Reserves fell from a peak of $194 billion in 2013 to $44 billion in 2021, but have since recovered to $72 billion, providing approximately 18 months of import cover.
Complete Data
GDP (Nominal)
Billion USD • 15 data points
| Year | Value | Change |
|---|---|---|
| 2010 | 161.2 | — |
| 2011 | 200 | +24.1% |
| 2012 | 209.1 | +4.5% |
| 2013 | 209.8 | +0.3% |
| 2014 | 213.5 | +1.8% |
| 2015 | 166.4 | -22.1% |
| 2016 | 160 | -3.8% |
| 2017 | 170.4 | +6.5% |
| 2018 | 175 | +2.7% |
| 2019 | 171.8 | -1.8% |
| 2020 | 145 | -15.6% |
| 2021 | 163 | +12.4% |
| 2022 | 191 | +17.2% |
| 2023 | 195 | +2.1% |
| 2024 | 206 | +5.6% |
Real GDP Growth Rate
% • 15 data points
| Year | Value | Change |
|---|---|---|
| 2010 | 3.6 | — |
| 2011 | 2.9 | -19.4% |
| 2012 | 3.4 | +17.2% |
| 2013 | 2.8 | -17.6% |
| 2014 | 3.8 | +35.7% |
| 2015 | 3.7 | -2.6% |
| 2016 | 3.2 | -13.5% |
| 2017 | 1.3 | -59.4% |
| 2018 | 1.2 | -7.7% |
| 2019 | 0.8 | -33.3% |
| 2020 | -5.1 | -737.5% |
| 2021 | 3.5 | -168.6% |
| 2022 | 3.6 | +2.9% |
| 2023 | 4.1 | +13.9% |
| 2024 | 3.8 | -7.3% |
Inflation Rate
% • 15 data points
| Year | Value | Change |
|---|---|---|
| 2010 | 3.9 | — |
| 2011 | 4.5 | +15.4% |
| 2012 | 8.9 | +97.8% |
| 2013 | 3.3 | -62.9% |
| 2014 | 2.9 | -12.1% |
| 2015 | 4.8 | +65.5% |
| 2016 | 6.4 | +33.3% |
| 2017 | 5.6 | -12.5% |
| 2018 | 4.3 | -23.2% |
| 2019 | 2 | -53.5% |
| 2020 | 2.4 | +20.0% |
| 2021 | 7.2 | +200.0% |
| 2022 | 9.3 | +29.2% |
| 2023 | 7.8 | -16.1% |
| 2024 | 6.2 | -20.5% |