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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
GDP163.04 bn USD3,690.63 USD17.177 tn USD33,384.92 USD
Gross national product161.49 bn USD3,655.55 USD16.895 tn USD32,835.37 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



Imports and Exports 2021

 Algeria
Total
Algeria
per capita
EU
Total
EU
per capita
Imports42.40 bn USD959.65 USD8.916 tn USD17,329.02 USD
Exports24.90 bn USD563.70 USD9.554 tn USD18,569.19 USD


Development of imports and exports in billions of USD 1977 - 2021

Exports
Imports



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