The economic architecture of Algeria is substantial, anchored by a Gross Domestic Product (GDP) of approximately $247.63B
2023
. This places it as the 52nd largest economy out of 191 countries measured, underscoring its significance on the world stage. On a per capita basis, GDP stands at $5.36K
2023
, while its GDP adjusted for Purchasing Power Parity (PPP) is estimated at $776.69B, offering a clearer picture of the population's domestic purchasing power. The economy demonstrates solid, consistent growth, expanding at a healthy rate of 4.1%
2023
, while managing moderate inflation, with a CPI of 4.0%.
2024
On the global stage, Algeria's trade and financial dynamics reveal a complex interplay of international and domestic factors. The country exhibits a balanced trade profile, with exports making up 23.6% of GDP and imports 20.1%
2023
. The investment climate attracts significant Foreign Direct Investment (FDI), with inflows constituting 0.49% of the economy
2023
. This performance positions the country 143rd globally out of 186 nations, confirming its status as a competitive destination for foreign capital. Furthermore, personal remittances from its diaspora are a vital component of the economy, amounting to a substantial $1.87B annually
2023
.
The socio-economic landscape is characterized by a Gross National Income (GNI) per capita of $4,950
2023
, ranking the nation 109th out of 190. This figure provides a comprehensive measure of the average income per person, reflecting the nation's overall economic well-being. The country confronts significant labor market challenges, evidenced by a high unemployment rate of 11.4%.
2024
A key feature of the workforce is its concentration in the services sector, which accounts for 59.9% of total employment
2023
. Despite its economic standing, poverty remains a salient issue, with 5.5% of the population living below the national poverty line
2011
. The country achieves a relatively equitable distribution of income, reflected in a low Gini index of 27.6.
2011
In the environmental and energy sectors, the nation's policies and outcomes reflect its developmental priorities. Energy consumption per capita stands at 1,500.346 kg of oil equivalent
2022
, a metric that often correlates with industrial activity and living standards. The energy portfolio remains heavily dependent on conventional sources, with renewables contributing a modest 0.1%
2021
. This commitment places it 4th among 190 countries, highlighting its relative progress in decarbonization. Total greenhouse gas emissions were last recorded at 256.79K tonnes of CO2 equivalent
2023
, a key factor in its national climate strategy and international obligations.

Key Economic Insights

Macroeconomic Health

Balancing growth, inflation, and employment remains the core challenge for economic stewardship.

Trade & Investment Profile

The orientation towards global trade and foreign investment is a defining feature of the economic landscape.

Social Equity & Distribution

The nation demonstrates effective wealth distribution, with low poverty and relatively equitable income sharing contributing to social stability.

Energy & Sustainability

A heavy dependence on fossil fuels poses significant long-term risks, including exposure to price volatility, energy insecurity, and climate change impacts.

More About This Country

Neighbors & Regional Peers

Note: The information on this page has been compiled from authoritative sources. While every effort is made to ensure accuracy, please note that some figures may not be current or entirely precise.