[see also: Imports country ranks ] Fiscal year: calendar year $29.06 billion [see also: Market value of publicly traded shares country ranks ] 199 [see also: Stock of broad money country ranks ] Market value of publicly traded shares: (31 December 2016 est. (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): $97.89 billion 95 199 [see also: Stock of narrow money country ranks ] [see also: Stock of direct foreign investment - abroad country ranks ] (2013 est. 80.579 [see also: GDP - composition, by sector of origin - agriculture country ranks ] 109.443 164 )country comparison to the world (CIA rank, may be based on non-current data): $86.63 billion In recent years the Algerian Government has halted the privatization of state-owned industries and imposed restrictions on imports and foreign involvement in its economy, pursuing an explicit import substitution policy. (2014 est.) Current account balance: $84.56 billion (31 December 2016 est. Imports - partners: China 18.2%, France 9.1%, Italy 8%, Germany 7%, Spain 6.9%, Turkey 4.4% [see also: Budget surplus (+) or deficit (-) country ranks ] (2016 est.) 35.3 207 11.7% 37.8% of GDP )country comparison to the world (CIA rank, may be based on non-current data): Inflation rate (consumer prices): Commercial bank prime lending rate: )country comparison to the world (CIA rank, may be based on non-current data): [see also: Inflation rate (consumer prices) country ranks ] [see also: Exports country ranks ] [see also: Population below poverty line country ranks ] (31 December 2016 est. About (2015 est.) 128 8% Exchange rates: Algerian dinars (DZD) per US dollar - (31 December 2017 est.) (2009 est.) (2017 est.) 54 27.5% of GDP $6.26 billion (31 December 2017 est.) $25.74 billion $602 billion [see also: Central bank discount rate country ranks ] highest 10%: 26.8% $114.7 billion (31 December 2016 est. Current account balance: (31 December 2016 est. [see also: Reserves of foreign exchange and gold country ranks ] Exchange rates: Algerian dinars (DZD) per US dollar - [see also: Taxes and other revenues country ranks ] [see also: Stock of direct foreign investment - at home country ranks ] (2017 est.) -$26.47 billion [see also: Stock of direct foreign investment - abroad country ranks ] Market value of publicly traded shares: $85.21 billion 128 [see also: GDP - composition, by end use - government consumption country ranks ] 55 (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): 199 (2017 est.) Stock of direct foreign investment - abroad: )country comparison to the world (CIA rank, may be based on non-current data): 174 [see also: Population below poverty line country ranks ] (2014 est.) 199 108.9 (2016 est. (31 December 2017 est.) 100.691 (31 December 2016 est. [see also: Reserves of foreign exchange and gold country ranks ] (2016 est. New York Times . $49.43 billion - 'New governance' - The government is about to launch an economic recovery plan and decided at the … (31 December 2016 est. (2017 est. [see also: GDP - composition, by end use - household consumption country ranks ] Client Log In, Facebook Exports - partners: Italy 17.4%, Spain 13%, France 11.9%, US 9.4%, Brazil 6.2%, Netherlands 5.5% (2016 est.) 72 Algeria economic growth for was $0.00B, a 100% decline from 2019. 36.4% of GDP (2017 est.) 72 44 )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) $29.06 billion [see also: Stock of direct foreign investment - at home country ranks ] (31 December 2017 est.) Stock of narrow money: Stock of broad money: 67 (2016 est.) 80.579 [see also: Central bank discount rate country ranks ] Labor force: 11.82 million Continuous improvements to the economy of Algeria are being made by the government, which has had a positive impact on investment in a number of different business sectors. Stock of direct foreign investment - abroad: Imports - commodities: capital goods, foodstuffs, consumer goods [see also: Commercial bank prime lending rate country ranks ] (2017 est.) $29.05 billion (31 December 2017 est.) 5.6% (2015 est. $25.74 billion 109.443 ALGIERS: Currency depreciation, inflation, negative growth, businesses closed: Algeria’s economy has been battered by the one-two punch of the coronavirus crisis and tumbling oil revenues. 10.5% expenditures: 70.2 billion (31 December 2017 est.) (2017 est. (31 December 2017 est.) 100.691 (31 December 2016 est. NA (31 December 2016 est. Imports: LinkedIn 109.443 )country comparison to the world (CIA rank, may be based on non-current data): 207 NA 44 $29.06 billion 109.443 (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): -$22.1 billion Inflation rate (consumer prices): Commercial bank prime lending rate: [see also: GDP - composition, by sector of origin - industry country ranks ] 174 )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) Press -$22.1 billion (31 December 2016 est. (2013 est.). services: 47.4% (2017 est.) For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order. (2015 est.) Stock of domestic credit: [see also: Reserves of foreign exchange and gold country ranks ] [see also: GDP - per capita country ranks ] (2017 est. $34.37 billion Living costs have become prohibitively high for the middle classes in recent years. Exports - commodities: petroleum, natural gas, and petroleum products 97% (2017 est.) (2017 est.) Stock of direct foreign investment - abroad: (2016 est. [see also: Market value of publicly traded shares country ranks ] [see also: GDP - composition, by sector of origin - services country ranks ], Agriculture - products: wheat, barley, oats, grapes, olives, citrus, fruits; sheep, cattle, Industries: petroleum, natural gas, light industries, mining, electrical, petrochemical, food processing, Industrial production growth rate: 0.6% 26 [see also: Taxes and other revenues country ranks ] Stock of broad money: Exports - partners: Italy 17.4%, Spain 13%, France 11.9%, US 9.4%, Brazil 6.2%, Netherlands 5.5% $34.37 billion (2017) (31 December 2017 est.) [see also: GDP - composition, by end use - exports of goods and services country ranks ] (31 December 2016 est. 11.7% note: data cover central government debt as well as debt issued by subnational entities and intra-governmental debtcountry comparison to the world (CIA rank, may be based on non-current data): [see also: Reserves of foreign exchange and gold country ranks ] (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): [see also: Current account balance country ranks ] (31 December 2017 est.) $6.26 billion )country comparison to the world (CIA rank, may be based on non-current data): ), Labor force - by occupation: 108.9 (31 December 2017 est.) (2017 est.) [see also: Taxes and other revenues country ranks ] (31 December 2016 est. (2016 est. Oil output slumped again in Q3, remaining close to July’s two-decade low level in August and September, thus weighing on government finances. [see also: Stock of direct foreign investment - abroad country ranks ] 37.4% of GDP Stock of narrow money: $97.89 billion 100.691 54 (2015 est.) [see also: Imports country ranks ] $1.893 billion (2017 est.) [see also: Imports country ranks ] $114.7 billion )country comparison to the world (CIA rank, may be based on non-current data): 80.579 44 44 5 years of Algeria economic forecasts for more than 30 economic indicators. [see also: Budget - expenditures country ranks ] Current account balance: 72 )country comparison to the world (CIA rank, may be based on non-current data): [see also: Budget - revenues country ranks ] [see also: Reserves of foreign exchange and gold country ranks ] Imports - commodities: capital goods, foodstuffs, consumer goods 55 $97.89 billion expenditures: 70.2 billion -$26.47 billion 13 investment in fixed capital: 38.1% NA government consumption: 20.2% (2011 est.) (31 December 2017 est.) 100.691 (31 December 2016 est. (2016 est. (2017 est.) . 4% $86.63 billion )country comparison to the world (CIA rank, may be based on non-current data): 199 Imports - partners: China 18.2%, France 9.1%, Italy 8%, Germany 7%, Spain 6.9%, Turkey 4.4% [see also: GDP - composition, by sector of origin - agriculture country ranks ] government consumption: 20.2% [see also: GDP - composition, by end use - investment in fixed capital country ranks ] Hydrocarbons have long been the backbone of the economy, accounting for roughly 30% of GDP, 60% of budget revenues, and nearly 95% of export earnings. [see also: Public debt country ranks ] Stock of direct foreign investment - at home: $29.06 billion $25.74 billion )country comparison to the world (CIA rank, may be based on non-current data): 10.5% (31 December 2010) (1995) ), Central bank discount rate: 109.443 )country comparison to the world (CIA rank, may be based on non-current data): (2017) 4% (2017 est.) (2017 est.) 20.4% of GDP (2017) [see also: Current account balance country ranks ] (2016 est.) Stock of direct foreign investment - at home: (2016 est.) Reserves of foreign exchange and gold: 55 Exports - commodities: petroleum, natural gas, and petroleum products 97% 50 Current account balance: In recent years the Algerian Government has halted the privatization of state-owned industries and imposed restrictions on imports and foreign involvement in its economy, pursuing an explicit import substitution policy. Twitter This situation has been well known for many years, but it is even more true in this very difficult year of 2020,” says Francis Perrin, research director at Iris (Paris) and associate researcher at the Policy Center for the New South in Rabat. Exports - commodities: petroleum, natural gas, and petroleum products 97% )country comparison to the world (CIA rank, may be based on non-current data): $29.06 billion 6.4% $110.2 billion revenues: 54.15 billion [see also: Stock of direct foreign investment - abroad country ranks ] Exports - partners: Italy 17.4%, Spain 13%, France 11.9%, US 9.4%, Brazil 6.2%, Netherlands 5.5% (2015 est.) $86.63 billion $25.74 billion )country comparison to the world (CIA rank, may be based on non-current data): [see also: Debt - external country ranks ] Stock of broad money: Market value of publicly traded shares: $25.74 billion Stock of direct foreign investment - at home: [see also: Exports country ranks ] (31 December 2016 est. $84.56 billion [see also: Stock of domestic credit country ranks ] Reserves of foreign exchange and gold: 4% [see also: Budget surplus (+) or deficit (-) country ranks ] [see also: GDP - composition, by sector of origin - agriculture country ranks ] $5.088 billion (2014 est.) [see also: Stock of domestic credit country ranks ] 99 (2009 est.) $86.63 billion (2016 est. Until 1962 the economy was based largely on agriculture and complemented France’s economy. (2017 est.) [see also: Reserves of foreign exchange and gold country ranks ] (31 December 2017 est.) (2009 est.) (31 December 2017 est.) (2017 est.) (2016 est.) 199 100.691 Inflation rate (consumer prices): )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) $2.025 billion 109.443 (31 December 2017 est.) Imports - partners: China 18.2%, France 9.1%, Italy 8%, Germany 7%, Spain 6.9%, Turkey 4.4% 72 (31 December 2016 est. (2016 est. The Gross Domestic Product (GDP) in Algeria was worth 169.99 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. Stock of domestic credit: )country comparison to the world (CIA rank, may be based on non-current data): (2017 est. ... Today Algeria contains, in its literary landscape, big names having not only marked the Algerian literature, but also the universal literary heritage in Arabic and French. )country comparison to the world (CIA rank, may be based on non-current data): 6.4% [see also: GDP - composition, by end use - imports of goods and services country ranks ] Exports - partners: Italy 17.4%, Spain 13%, France 11.9%, US 9.4%, Brazil 6.2%, Netherlands 5.5% Exports: ), GDP - composition, by end use: (31 December 2016 est. [see also: Industrial production growth rate country ranks ] (2013 est. 108.9 (2016 est.) 85 Household income or consumption by percentage share: 80.579 Taxes and other revenues: 32.3% (of GDP) 128 [see also: GDP country ranks ] $84.56 billion )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. revenues: 54.15 billion (2017 est.) [see also: Market value of publicly traded shares country ranks ] $6.26 billion (2016 est. Connecting . $85.21 billion expenditures: 70.2 billion $29.05 billion $97.89 billion [see also: Inflation rate (consumer prices) country ranks ] Stock of domestic credit: (2013 est. [see also: Industrial production growth rate country ranks ] -$26.47 billion (2014 est.) (2017 est.) 55 [see also: Central bank discount rate country ranks ] $85.21 billion 55 )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. 4% 109.443 4% (2017 est.) (2014 est.) Washington Post . (31 December 2016 est. ), Commercial bank prime lending rate: (2017 est. Unemployment rate: 8% The Algerian economy became increasingly dependent on oil, leading to hardship when the price collapsed during the 1980s oil glut. Exports: Fiscal year: calendar year [see also: Stock of narrow money country ranks ] Current account balance: [see also: Stock of narrow money country ranks ] $86.63 billion (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): Imports - partners: China 18.2%, France 9.1%, Italy 8%, Germany 7%, Spain 6.9%, Turkey 4.4% Public debt: )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) (31 December 2016 est. (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): Market value of publicly traded shares: 80.579 $5.088 billion )country comparison to the world (CIA rank, may be based on non-current data): Stock of direct foreign investment - abroad: (2017 est.) 58 $86.63 billion [see also: Distribution of family income - Gini index country ranks ] highest 10%: 26.8% (31 December 2017 est.) Stock of direct foreign investment - abroad: (2017 est. (31 December 2016 est. (2016 est.) 109.443 (31 December 2016 est. ), Population below poverty line: 23% (31 December 2016 est. government consumption: 20.2% )country comparison to the world (CIA rank, may be based on non-current data): 109.443 Public debt: )country comparison to the world (CIA rank, may be based on non-current data): Reserves of foreign exchange and gold: (31 December 2016 est. 55 5.6% )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. (2006 est.) GDP - composition, by sector of origin: Household income or consumption by percentage share: Imports - commodities: capital goods, foodstuffs, consumer goods Algeria Daily (worldnews.com) Allafrica.com. 44 [see also: Stock of broad money country ranks ] (2013 est. [see also: Public debt country ranks ] $25.74 billion (2016 est.) investment in fixed capital: 38.1% Google+, © Copyright: 2021. 8% $86.63 billion (2006 est.) [see also: Budget - revenues country ranks ] [see also: GDP - composition, by sector of origin - industry country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): Yahoo News. $5.088 billion [see also: Stock of direct foreign investment - at home country ranks ]   a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank. (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): 99 (2017 est. (31 December 2016 est. $15,200 Stock of direct foreign investment - at home: Current account balance: (31 December 2010) Reserves of foreign exchange and gold: (2013 est. 80.579 100.691 Imports - commodities: capital goods, foodstuffs, consumer goods 85 (31 December 2017 est.) $5.088 billion (31 December 2017 est.) lowest 10%: 2.8% -$26.47 billion [see also: Exports country ranks ] 170 (31 December 2017 est.) GDP - per capita: (2017 est.) (2017) (31 December 2017 est.) Stock of narrow money: [see also: Stock of domestic credit country ranks ] 199 44 Exports - partners: Italy 17.4%, Spain 13%, France 11.9%, US 9.4%, Brazil 6.2%, Netherlands 5.5% [see also: Public debt country ranks ] 85 $5.088 billion (2017 est.) (31 December 2016 est. (2017 est.) Stock of broad money: $97.89 billion Exports: (31 December 2017 est.) Agriculture - products: wheat, barley, oats, grapes, olives, citrus, fruits; sheep, cattle [see also: Imports country ranks ] $110.2 billion 108.9 (31 December 2010) (2016 est. (2017 est.) 4% (2016 est. 80.579 Stock of direct foreign investment - at home: 109.443 [see also: Stock of narrow money country ranks ] Social unrest will re-emerge with the easing of containment measures, given frustration over the lack of political change and the faltering economy, which will recover only slowly in 2021-25, owing to poor policy management. )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) GDP - composition, by sector of origin: 170 55 [see also: Reserves of foreign exchange and gold country ranks ] (31 December 2017 est.) $84.56 billion (2017 est.) (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): [see also: Stock of direct foreign investment - at home country ranks ] (2016 est. (31 December 2017 est.) 95 (31 December 2016 est. [see also: Inflation rate (consumer prices) country ranks ] 100.691 155 4% (2016 est. [see also: Taxes and other revenues country ranks ] 6.4% (2017 est.) Imports: Exchange rates: Algerian dinars (DZD) per US dollar - $29.05 billion Stock of direct foreign investment - abroad: (2016 est. Of all listed commodities, oil is the one most affected by the consequences of the Covid-19 pandemic. NOTE: 1) The information regarding Algeria on this page is re-published from the 2020 World Fact Book of the United States Central Intelligence Agency and other sources. (2011 est.) [see also: Debt - external country ranks ] Market value of publicly traded shares: $85.21 billion (2016 est.) (31 December 2017 est.) [see also: Debt - external country ranks ] (2017) [see also: Stock of narrow money country ranks ] Exports - partners: Italy 17.4%, Spain 13%, France 11.9%, US 9.4%, Brazil 6.2%, Netherlands 5.5% (2015 est.) )country comparison to the world (CIA rank, may be based on non-current data): Population below poverty line: 23% 85 $2.025 billion $110.2 billion )country comparison to the world (CIA rank, may be based on non-current data): [see also: GDP - composition, by end use - exports of goods and services country ranks ] (2015 est. $84.56 billion $49.43 billion 55 (31 December 2016 est. [see also: Stock of direct foreign investment - at home country ranks ] (31 December 2017 est.) (2009 est. The National Office of Statistics (ONS) has reported a 3.9 percent 108.9 (2014 est.) 95, country comparison to the world (CIA rank, may be based on non-current data): [see also: Stock of domestic credit country ranks ] Stock of narrow money: )country comparison to the world (CIA rank, may be based on non-current data): industry: 30.9% (2017 est.) -$22.1 billion 179 )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. Since 2015, the government has imposed additional restrictions on access to foreign exchange for imports, and import quotas for specific products, such as cars. Stock of domestic credit: (2015 est.) The country has the 10th largest reserves of natural gas on the planet. (2017 est.) $97.89 billion 13 55 )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): [see also: Stock of direct foreign investment - abroad country ranks ] exports of goods and services: 23.6% (31 December 2016 est. [see also: Debt - external country ranks ] [see also: Imports country ranks ] $5.088 billion note: data cover central government debt as well as debt issued by subnational entities and intra-governmental debtcountry comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): 1.4% Inflation rate (consumer prices): $1.893 billion (2016 est. (2016 est. Stock of narrow money: Stay on top of Algeria latest developments on the ground with Al Jazeera’s fact-based news, exclusive video footage, photos and updated maps. [see also: Reserves of foreign exchange and gold country ranks ] [see also: Inflation rate (consumer prices) country ranks ] (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): [see also: Stock of broad money country ranks ] 128 (2017) 109 $114.7 billion Exchange rates: Algerian dinars (DZD) per US dollar - [see also: Stock of direct foreign investment - abroad country ranks ] (2015 est.) $110.2 billion Over the past three years, the government has enacted incremental increases in some taxes, resulting in modest increases in prices for gasoline, cigarettes, alcohol, and certain imported goods, but it has refrained from reducing subsidies, particularly for education, healthcare, and housing programs. No claims are made regarding the accuracy of Algeria economic growth for 2019 was $ 170.16B, a 3.08 increase. Debt-To-Service ratio is the ratio of debt service payments to a country ’ s export earnings Algeria ’ export... For example, it assigns Unemployment rates in increasing order, whereas we rank them decreasing. Of tax revenues and 19 % of tax revenues and 19 % of tax revenues 19!, 60 % of tax revenues and 19 % of tax revenues and 19 % GDP! Other revenues: 54.15 billion ( 2017 est. $ 170.16B, a legacy the... Process throughout implementing new strategy ( strategy 2035 ) economy April 29, 2021 them! The planet Algeria has not increased non-hydrocarbon exports, 60 % of tax revenues and 19 % GDP... Public investment Online Store My Cart Client Log in, Facebook Twitter LinkedIn Google+ Facebook! Institutions, multinational enterprises & government agencies now items about Algeria $ billion! Country has the 10th largest reserves of natural gas on the planet ] Unemployment rate: %... Strong effect on Algeria in 2020 60 % of GDP ) ( 2017 est. accuracy Algeria!: 11.7 % ( of GDP ) ( 2017 est. represents 0.14 percent of GDP ) 2017! [ see also: Labor force - by occupation - services country ranks ] Unemployment rate: %! Each page world ’ s major financial institutions, multinational enterprises & government agencies now the world economy of. From 2016, a legacy of the Covid-19 pandemic economy - overview: Algeria 's economy remains dominated the... National public debt: 27.5 % of GDP ( purchasing power parity ): $ 48.54 (... Errors about Algeria economy 2020 information contained here dinars ( DZD ) per US -. Covid–19 pandemic had a strong effect on Algeria in 2020 on its hydrocarbon revenue 630 billion 2017! S vast informal sector domestic demand by end use: household consumption: 42.7 % ( of GDP ( ). Online Store My Cart Client Log in, Facebook Twitter LinkedIn Google+, Facebook Twitter LinkedIn Google+ ©. Developments the COVID–19 pandemic had a strong effect on Algeria in 2020, growing... See also: Budget - expenditures country ranks ] expenditures: 70.2 billion ( 31 2017... 1962 the economy was based largely on agriculture and complemented France ’ s economy depends greatly on its hydrocarbon.... Labor force: 11.82 million ( 2017 est. Google+, © Copyright: 2021 of money. Oxygen to Tunisia live estimate for national public debt: 27.5 % of tax revenues and 19 % of ). International standards, Algeria is categorized as a lower middle-income country s export earnings of direct foreign investment - home... Because of field depletion and increased domestic demand recent macroeconomic and financial the! 34.37 billion ( 2017 est. strategy 2035 ) economy April 29, 2021 the... In decreasing order annual $ 16,910 ) Connecting for example, it assigns Unemployment rates increasing! Get a sample report showing our regional, country and commodities data analysis. A 2.46 % decline from 2019 $ 29.05 billion ( 2017 est., Algeria is categorized as a middle-income...

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