Browse a full set of economic indicators


Includes historical data for Algeria’s Gross Domestic Product growth, debt-to-GDP ratio and more, as well as information on trade, banking and financial sector leadership.

Economy Diversifying Away From Oil

Hydrocarbon production plays a vital role in Algeria’s economy, with the oil and gas sector accounting for about a quarter of GDP, over 90% of product exports, and roughly 40% of government income. Over time, high global oil prices have helped Algeria preserve macroeconomic stability, amass significant foreign currency reserves, and minimize external debt. They have also allowed for important advances in economic and human development, with investments in infrastructure projects, social policies that alleviated poverty, and improvements in education, health and overall living standards.

Still, Algeria aims to diversify its economy, lessening its dependence on hydrocarbons and boosting job opportunities. With potential in agriculture, renewable energy and tourism, Algeria’s proximity to the European market represents an additional asset. 

However, economic diversification faces obstacles, including restrictions on foreign investors, underdeveloped capital markets, and a financial sector dominated by public banks. State-driven growth, bureaucratic red tape, corruption, and poor infrastructure further inhibit the development of alternative private-sector industries.

Macroeconomy & Sovereign Data

Type of Government Parliamentary republic
Capital Algiers
Sovereign Ratings S&P: Not rated
Moody’s: Not rated
Fitch: Not rated
Total Population 46.6 million
Median Age 28.5
Adult Per Capita Income (PPP) 19,776.93
Total GDP (2023) 266.8 billion

Algeria GDP & Economic Overview

Most Recent Content

Banking & Finance

Trade & Investment

Total Exports USD 46.7 billion (2023)
Leading Exports Natural Gas
Crude Petroleum
Refined Petroleum
Total Imports USD 66.5 billion (2022)
Leading Imports Refined Petroleum
Packaged Medical Supplies
Vehicle Parts
Source: World Integrated Trade Solution

Algeria Leading Companies

Sonatrach Oil & Gas Exploration & Production
Naftal Oil & Gas Distribution & Marketing
Banque Extérieure d'Algérie Financials
Cosider Construction & Engineering
Sider El Hadjar Materials, Metals & Mining
Cevital Conglomerate, Food Products, Real Estate, Industrials
Djezzy Telecommunication Services

Major Trade Partners — Import

Italy 16%
France 13%
Spain 12%
United States 10%
Brazil 6%

Source: World Integrated Trade Solution

Major Trade Partners — Export

China 18%
France 9%
Italy 8%
Germany 7%
Spain 7%

Source: World Integrated Trade Solution

Data Sources:

IMF World Economic Outlook

UN World Population Prospects

World Inequality Report

S&P Global Ratings


Fitch Ratings

IMF Direction of Trade Statistics (DOTS)

UN Conference on Trade and Development (UNCTAD)

CIA The World Factbook

World Bank’s World Integrated Trade Solution

Forbes Global 2000