Indicators of economy in Algeria
The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,230 USD per capita. GDP in Algeria, on the other hand, reached USD 3,691 per capita, or 163.04 billion USD for the whole country. Algeria is therefore currently ranked 57 of the major economies. If this is calculated per inhabitant, taking purchasing power parity into account, then Algeria ranks 109th in the list of the richest countries.Inflation in Algeria in 2021 was around 7.23%. Within the EU, the average in the same year was 2.55 percent. In the United States, it was most recently 4.70%.
Compared with the USA, prices for daily consumer goods are around 70.1 percent lower.
The index for perceived corruption in the public sector is 33, which is below average by global standards.
Back to overview: Algeria
Impact of the COVID-19 pandemic
The consequences of the COVID pandemic in 2020 were considerable in Algeria. Overall, gross domestic product in 2020 fell from 171.77 billion US dollars to 145.01 billion US dollars. 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 percent previously to 2.4 percent now.Unemployment rates in percentages 1991 - 2021
Economic performance 2021
Algeria Total | Algeria per capita | EU Total | EU per capita | |
---|---|---|---|---|
GDP | 163.04 bn USD | 3,690.63 USD | 17.177 tn USD | 33,384.92 USD |
Gross national product | 161.49 bn USD | 3,655.55 USD | 16.895 tn USD | 32,835.37 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 gross domestic product in billions of USD 1960 - 2021
› Debt budget development
› Development of inflation
› Corruption in Algeria
› Cost of living in a global comparison
› Development of inflation
› Corruption in Algeria
› Cost of living in a global comparison
Imports and Exports 2021
Algeria Total | Algeria per capita | EU Total | EU per capita | |
---|---|---|---|---|
Imports | 42.40 bn USD | 959.65 USD | 8.916 tn USD | 17,329.02 USD |
Exports | 24.90 bn USD | 563.70 USD | 9.554 tn USD | 18,569.19 USD |
Development of imports and exports in billions of USD 1977 - 2021
Exports
Imports