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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 12,183 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 2022 was around 9.27%. Within the EU, the average in the same year was 9.22 percent. In the United States, it was most recently 8.00%.

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 12.2 percent. The consumer inflation rate has risen from 2.0 percent previously to 2.4 percent now.

In 2021, there was already a recovery and the gross domestic product increased to 163.04 billion US dollars (=94.9% of 2019).

Income and purchasing power

The average monthly income in Algeria is 305 US Dollar per capita. In the USA, the figure is 5,911 US Dollar. However, the prices of consumer goods are also around 71.2 percent lower than in the USA. If you compare income and price levels, the result is a more expensive life in Algeria than in the United States. The bottom line is that the costs do not offset the lower income, and you get about 82.1 percent less.

However, it is also important to remember that this is a purely statistical model. Both the labor output and the type and quality of the goods received always correspond to the national average on both sides of the equation - so they do not necessarily have to match. Here you can also find an international comparison of cost of living and purchasing power.

Unemployment rates in percentages 1991 - 2022

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


In the Global Innovation Index, Algeria ranked 115th in 2022 with 16.7 points. The index is calculated annually by the World Intellectual Property Organization (WIPO) and most recently included 132 countries. The top country was Switzerland with 64.6 points.

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


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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