World Factbook

Algeria

Al Jumhuriyah al Jaza'iriyah ad Dimuqratiyah ash Sha'biyah

Last updated: 2026-03-28 (today)

Budget

revenues

$55.185 billion (2019 est.)

expenditures

$64.728 billion (2019 est.)

Exports

note

note: balance of payments - exports of goods and services in current dollars

Exports 2021

$41.846 billion (2021 est.)

Exports 2022

$69.226 billion (2022 est.)

Exports 2023

$59.426 billion (2023 est.)

Imports

note

note: balance of payments - imports of goods and services in current dollars

Imports 2021

$44.287 billion (2021 est.)

Imports 2022

$46.613 billion (2022 est.)

Imports 2023

$51.131 billion (2023 est.)

Industries

petroleum, natural gas, light industries, mining, electrical, petrochemical, food processing

Labor force

13.294 million (2024 est.)

note: number of people ages 15 or older who are employed or seeking work

Public debt

note

note: data cover central government debt as well as debt issued by subnational entities and intra-governmental debt

Public debt 2017

27.5% of GDP (2017 est.)

Remittances

note

note: personal transfers and compensation between resident and non-resident individuals/households/entities

Remittances 2021

1% of GDP (2021 est.)

Remittances 2022

0.8% of GDP (2022 est.)

Remittances 2023

0.8% of GDP (2023 est.)

Exchange rates

Currency

Algerian dinars (DZD) per US dollar -

Exchange rates 2020

126.777 (2020 est.)

Exchange rates 2021

135.064 (2021 est.)

Exchange rates 2022

141.995 (2022 est.)

Exchange rates 2023

135.843 (2023 est.)

Exchange rates 2024

134.053 (2024 est.)

Debt - external

note

note: present value of external debt in current US dollars

Debt - external 2023

$4.764 billion (2023 est.)

Economic overview

suffering oil and gas economy; lack of sector and market diversification; political instability chilling domestic consumption; poor credit access and declines in business confidence; COVID-19 austerity policies; delayed promised socio-economic reforms

Unemployment rate

note

note: % of labor force seeking employment

Unemployment rate 2022

12.4% (2022 est.)

Unemployment rate 2023

11.8% (2023 est.)

Unemployment rate 2024

11.5% (2024 est.)

Exports - partners

Italy 29%, France 14%, Spain 13%, USA 6%, Netherlands 4% (2023)

note: top five export partners based on percentage share of exports

Imports - partners

China 24%, France 12%, Italy 8%, Turkey 7%, Brazil 6% (2023)

note: top five import partners based on percentage share of imports

Real GDP per capita

note

note: data in 2021 dollars

Real GDP per capita 2022

$14,800 (2022 est.)

Real GDP per capita 2023

$15,200 (2023 est.)

Real GDP per capita 2024

$15,400 (2024 est.)

Real GDP growth rate

note

note: annual GDP % growth based on constant local currency

Real GDP growth rate 2022

3.6% (2022 est.)

Real GDP growth rate 2023

4.1% (2023 est.)

Real GDP growth rate 2024

3.3% (2024 est.)

Agricultural products

potatoes, watermelons, wheat, milk, onions, tomatoes, vegetables, oranges, dates, barley (2023)

note: top ten agricultural products based on tonnage

Exports - commodities

natural gas, crude petroleum, refined petroleum, fertilizers, iron bars (2023)

note: top five export commodities based on value in dollars

Imports - commodities

wheat, plastics, cars, milk, corn (2023)

note: top five import commodities based on value in dollars

Current account balance

note

note: balance of payments - net trade and primary/secondary income in current dollars

Current account balance 2021

-$4.513 billion (2021 est.)

Current account balance 2022

$19.433 billion (2022 est.)

Current account balance 2023

$6.359 billion (2023 est.)

GDP (official exchange rate)

$263.62 billion (2024 est.)

note: data in current dollars at official exchange rate

GDP - composition, by end use

note

note: figures may not total 100% due to rounding or gaps in data collection

household consumption

40.8% (2023 est.)

government consumption

17.9% (2023 est.)

investment in inventories

4.9% (2023 est.)

investment in fixed capital

32.8% (2023 est.)

exports of goods and services

23.6% (2023 est.)

imports of goods and services

-20.1% (2023 est.)

Average household expenditures

on food

37.2% of household expenditures (2023 est.)

on alcohol and tobacco

1% of household expenditures (2023 est.)

Inflation rate (consumer prices)

note

note: annual % change based on consumer prices

Inflation rate (consumer prices) 2022

9.3% (2022 est.)

Inflation rate (consumer prices) 2023

9.3% (2023 est.)

Inflation rate (consumer prices) 2024

4% (2024 est.)

Industrial production growth rate

3.9% (2023 est.)

note: annual % change in industrial value added based on constant local currency

Real GDP (purchasing power parity)

note

note: data in 2021 dollars

Real GDP (purchasing power parity) 2022

$672.256 billion (2022 est.)

Real GDP (purchasing power parity) 2023

$699.818 billion (2023 est.)

Real GDP (purchasing power parity) 2024

$722.912 billion (2024 est.)

Youth unemployment rate (ages 15-24)

male

26.8% (2024 est.)

note

note: % of labor force ages 15-24 seeking employment

total

29.8% (2024 est.)

female

45.8% (2024 est.)

Reserves of foreign exchange and gold

note

note: holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars

Reserves of foreign exchange and gold 2022

$71.852 billion (2022 est.)

Reserves of foreign exchange and gold 2023

$81.217 billion (2023 est.)

Reserves of foreign exchange and gold 2024

$83.007 billion (2024 est.)

GDP - composition, by sector of origin

note

note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data

industry

37.8% (2023 est.)

services

45.6% (2023 est.)

agriculture

13.1% (2023 est.)