Algeria: economy

What is Algeria's GDP growth rate?

Algeria's Ministry of Finance forecast GDP growth of 4.1% for 2026, 4.4% for 2027 and 4.5% for 2028, according to the report presenting the 2026 finance bill. It expected growth of 4.4% in 2025, and recorded 4.5% in the first quarter of 2025.

The ministry expects growth to come mainly from sectors outside hydrocarbons, with oil and gas value added almost flat at an average of 0.3% a year in 2026 to 2028. The IMF's World Economic Outlook figures, read on 15 October 2026, give 3.9% for 2025 and 3.8% for 2026. The websites of the National Office of Statistics (ONS) and the Bank of Algeria could not be reached on 15 October 2026.

Official sources: Ministry of Finance (DGPP): 2026 finance bill presentation report · IMF DataMapper: real GDP growth, Algeria

How big is Algeria's economy?

Algeria's GDP is forecast at 41,878.3 billion dinars in 2026 at current prices, according to the Ministry of Finance's 2026 finance bill presentation report. GDP outside hydrocarbons is forecast at 36,286.5 billion dinars.

In the first quarter of 2025, nominal GDP was 10,047.42 billion dinars (US$74.58 billion), 8% more than a year earlier, according to the same report. The IMF's World Economic Outlook figures put GDP at US$284.5 billion in 2025 and about US$5,997 per person. Dollar figures move with the dinar's exchange rate as well as with output.

Official sources: Ministry of Finance (DGPP): 2026 finance bill presentation report · IMF DataMapper: GDP per capita, Algeria

What is the inflation rate in Algeria?

The IMF puts Algeria's average consumer price inflation at 1.4% in 2025 and projects 6.2% for 2026, according to its World Economic Outlook figures on the IMF DataMapper, read on 15 October 2026.

The Ministry of Finance's 2026 finance bill report gives an average of 3.25% for the first six months of 2025, down from 4.06% a year earlier. It says manufactured goods prices rose 6.95% and accounted for 80% of the increase, while food inflation slowed to 1.42% and services prices fell 0.27%. The National Office of Statistics compiles the consumer price index, but its website could not be reached on 15 October 2026, so no monthly figure for 2026 could be read.

Official sources: IMF DataMapper: inflation, Algeria · Ministry of Finance (DGPP): 2026 finance bill presentation report

What oil price is Algeria's budget based on?

Algeria's 2026 budget uses a reference tax price of US$60 a barrel of crude oil and a market price of US$70, according to the Ministry of Finance's 2026 finance bill presentation report. The same prices are assumed for 2027 and 2028.

The reference price is used to calculate the oil and gas tax revenue that goes into the budget, budgeted at 2,697.9 billion dinars for 2026. The report also assumes hydrocarbon export volumes fall 2% in 2026, 0.5% in 2027 and 2.7% in 2028. It forecast hydrocarbon exports of 92 million tonnes of oil equivalent in 2025, against 99 million in the 2025 budget.

Official sources: Ministry of Finance (DGPP): 2026 finance bill presentation report

What is Algeria's current account balance?

Algeria's current account deficit was 8.9% of GDP in 2025, according to the IMF's World Economic Outlook figures on its DataMapper, read on 15 October 2026. The IMF records a surplus of 2.6% in 2023 and a deficit of 1.1% in 2024, and projects a deficit of 0.8% for 2026.

The current account covers trade in goods and services, income and transfers with the rest of the world. In Algeria it moves mainly with oil and gas export earnings, which depend on world prices and volumes. The Bank of Algeria publishes the balance of payments, but its website could not be reached on 15 October 2026.

Official sources: IMF DataMapper: current account balance, Algeria

How fast is Algeria's economy growing?

The World Bank puts real GDP growth in Algeria at 3.8% in 2025. The peak was 5.4% in 2005 and the low -5.0% in 2020. Middle East, North Africa, Afghanistan & Pakistan median: 3.5%; Algeria is 7th highest of 17. Of 180 countries with 2025 data, 73rd highest.

What is Algeria's GDP per person?

The latest figure from the World Bank, for 2025, is $6,051. The peak was $6,095 in 2014 and the low $3,233 in 2005. It is 9th highest of 17 in Middle East, North Africa, Afghanistan & Pakistan, where the median is $6,051. Worldwide: 103rd of 180.

What is Algeria's GDP per capita at PPP?

In 2025, GDP per person at purchasing power parity in Algeria was $18,586 in international dollars, according to the World Bank. No year since 2005 has been higher. Across Middle East, North Africa, Afghanistan & Pakistan the middle value was $19,699 in international dollars, and Algeria placed 10th highest of 17. World rank, highest first: 96th of 179.

What share of Algeria's economy is exports?

The latest figure from the World Bank, for 2025, is 16.8% of GDP. The peak was 45.8% of GDP in 2006 and the low 15.5% of GDP in 2020. It is 10th highest of 11 in Middle East, North Africa, Afghanistan & Pakistan, where the median is 29.7% of GDP. Of 133 countries with 2025 data, 114th highest.

What is Algeria's current account balance?

The IMF puts the current account balance in Algeria at -8.8% of GDP in 2025, a deficit. Since 2005 it has ranged from -14.5% of GDP (2016) to 23.5% of GDP (2006). Across Middle East, North Africa, Afghanistan & Pakistan the middle value was -0.6% of GDP, and Algeria placed 12th highest of 12. Worldwide: 117th of 132.

What is FDI in Algeria?

In 2025, net inflows of foreign direct investment in Algeria was 0.5% of GDP, according to the IMF. Since 2005 it has ranged from -0.3% of GDP (2015) to 1.8% of GDP (2009). It is 13th highest of 17 in Middle East, North Africa, Afghanistan & Pakistan, where the median is 1.8% of GDP. Worldwide: 141st of 179.

What interest rate do banks charge in Algeria?

The IMF puts the average bank lending rate in Algeria at 8.0% in 2025. The figure has been the same every year since 2005. Worldwide: 47th of 73.