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Indicators of economy in Algeria

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2020 was at about 10.915 US Dollar per capita. In contrast, the GDP in Algeria reached 3.307 US dollars per inhabitant, or 145.01 bn US Dollar in the whole country. Algeria is therefore currently ranked 56 of the major economies. If this is calculated per inhabitant taking into account the purchasing power parity, then Algeria is in the list of the world's richest countries in place 108.

Inflation in Algeria was in 2021 at around 7.23%. Within the EU, the average in the same year was 2.62%. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 70.1% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.


Back to overview: Algeria

Impact of the Covid-19 pandemic in 2020

The consequences of the Covid pandemic in 2020 were considerable in Algeria. Overall, gross domestic product in 2020 fell from 171.77 billion US Dollar auf 145.01 billion US Dollar. With a large drop of 15.58 percent, the economy in Algeria has struggled significantly more than other countries. The tourism sector alone slumped by around 64 percent. The unemployment rate rose from 10.5 to 12.6 percent. The consumer inflation rate has risen from 2.0% previously to 2.4% now.

Unemployment rates in percent 1991 - 2021

Economic performance 2020

 Algeria
Total
Algeria
per capita
EU
Total
EU
per capita
GDP145.01 bn USD3,306.86 USD15,291.93 tn USD29,692.11 USD
Gross national product156.60 bn USD3,571.11 USD15,330.84 tn USD29,767.66 USD


Algeria ranked 59th in the Bloomberg Innovation Index in 2021. The index is calculated annually and most recently included 60 countries. The front-runner was South Korea.

Development of the Gross domestic product in billion US Dollar 1960 - 2020



Im- and Exports 2020

 Algeria
Total
Algeria
per capita
EU
Total
EU
per capita
Imports42.40 bn USD966.81 USD7,340.01 bn USD14,251.98 USD
Exports24.90 bn USD567.90 USD7,939.04 bn USD15,415.11 USD


Development of imports and exports in billion US dollars 1977 - 2020

Exports
Imports



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