[see also: Stock of domestic credit country ranks ] (31 December 2017 est.) (2017 est.) exports of goods and services: 23.6% revenues: 54.15 billion $85.21 billion Stock of narrow money: 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): -$22.1 billion Stock of direct foreign investment - abroad: [see also: Labor force - by occupation - services country ranks ] note: data are in 2017 dollarscountry comparison to the world (CIA rank, may be based on non-current data): [see also: Imports country ranks ] [see also: Stock of broad money country ranks ] GDP(PPP) year to date: Connecting . [see also: Imports country ranks ] 80.579 (31 December 2017 est.) 72 expenditures: 70.2 billion 4% (2015 est. Stock of direct foreign investment - abroad: )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) Exchange rates: Algerian dinars (DZD) per US dollar - 109.443 8% 44 )country comparison to the world (CIA rank, may be based on non-current data): Imports: (31 December 2016 est. (31 December 2017 est.) investment in fixed capital: 38.1% Stock of broad money: (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): 72 )country comparison to the world (CIA rank, may be based on non-current data): Stock of direct foreign investment - abroad: Debt - external: $86.63 billion 109.443 government consumption: 20.2% 20.4% of GDP $2.025 billion [see also: Reserves of foreign exchange and gold country ranks ] 109.443 $25.74 billion (31 December 2009)country comparison to the world (CIA rank, may be based on non-current data): Budget: $29.05 billion [see also: Inflation rate (consumer prices) country ranks ] (31 December 2017 est.) 54 Population below poverty line: 23% 13, country comparison to the world (CIA rank, may be based on non-current data): $6.26 billion Associated Press . Exports: [see also: Taxes and other revenues country ranks ] Reserves of foreign exchange and gold: government consumption: 20.2% (2016 est.) (2017 est.) ), Labor force: 11.82 million [see also: Budget surplus (+) or deficit (-) country ranks ] [see also: Public debt country ranks ] [see also: Stock of direct foreign investment - at home country ranks ] $86.63 billion (2017 est.) $114.7 billion $85.21 billion 199 Fiscal year: calendar year Debt - external: $1.893 billion 108.9 $48.54 billion -$26.47 billion 109.443 Twitter [see also: Stock of narrow money country ranks ] $49.43 billion )country comparison to the world (CIA rank, may be based on non-current data): [see also: Central bank discount rate country ranks ] [see also: Reserves of foreign exchange and gold country ranks ] (31 December 2016 est. (2016 est.) Unemployment rate: )country comparison to the world (CIA rank, may be based on non-current data): Algeria Gdp and National debt 19-04-2021 15:50:22. (2016 est. 4% $29.06 billion [see also: Inflation rate (consumer prices) country ranks ] Stock of direct foreign investment - abroad: )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) Stock of direct foreign investment - abroad: (2013 est. (2013 est. )country comparison to the world (CIA rank, may be based on non-current data): 199 $84.56 billion )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): Stock of direct foreign investment - at home: [see also: Stock of direct foreign investment - abroad country ranks ] $25.74 billion Data Source: World Bank MLA Citation: Similar Country … (31 December 2016 est. 80.579 (2017 est.) (1995) (31 December 2017 est.) [see also: Budget - revenues country ranks ] [see also: Gross national saving country ranks ] (31 December 2017 est.) 179 $85.21 billion (2017 est.) [see also: Stock of direct foreign investment - at home country ranks ] 108.9 (31 December 2016 est. Fiscal year: calendar year (2017) (2016 est. 128 164 Stock of broad money: [see also: Stock of direct foreign investment - at home country ranks ] 3.2% 80.579 (31 December 2017 est.) 26 NA )country comparison to the world (CIA rank, may be based on non-current data): Imports - commodities: capital goods, foodstuffs, consumer goods $602 billion Market value of publicly traded shares: )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) Imports - partners: China 18.2%, France 9.1%, Italy 8%, Germany 7%, Spain 6.9%, Turkey 4.4% Reserves of foreign exchange and gold: $49.43 billion 11.7% [see also: Exports country ranks ] [see also: Taxes and other revenues country ranks ] (2016 est.) -$22.1 billion )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) 170, country comparison to the world (CIA rank, may be based on non-current data): agriculture: 10.8% (31 December 2017 est.) Imports - partners: China 18.2%, France 9.1%, Italy 8%, Germany 7%, Spain 6.9%, Turkey 4.4% $2.025 billion (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): Current account balance: Regional and local sources. (2009 est. 95 44 (2014 est.) [see also: Budget surplus (+) or deficit (-) country ranks ] 99 109.443 )country comparison to the world (CIA rank, may be based on non-current data): Debt - external: [see also: Stock of broad money country ranks ] Stock of narrow money: (2006 est.) government consumption: 20.2% $1.893 billion (31 December 2016 est. Market value of publicly traded shares: (31 December 2009)country comparison to the world (CIA rank, may be based on non-current data): 99 $114.7 billion $48.54 billion Inflation rate (consumer prices): Exports - commodities: petroleum, natural gas, and petroleum products 97% (2014 est.) 35.3 Exchange rates: Algerian dinars (DZD) per US dollar - NA (2017 est. 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. (2016 est. My Cart (31 December 2016 est. 72 $29.05 billion (31 December 2017 est.) (2017 est.) Commercial bank prime lending rate: [see also: Stock of narrow money country ranks ] $29.05 billion 5.6% 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): Algeria’s economy depends greatly on its hydrocarbon revenue. 8% Current account balance: Algeria’s economic freedom score is 49.7, making its economy the 162nd freest in the 2021 Index. (31 December 2016 est. 85 )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. $25.74 billion (31 December 2016 est. COVID-19 pandemic: Algeria records deep economic crisis Voice of Nigeria 11:45 28-Apr-21 Algeria struggles to feed its people as crisis persists AfricaNews 09:14 28-Apr-21 Algeria encouraging entrepreneurs to export by changing the finance regulations International Supermarket News … Reserves of foreign exchange and gold: industry: 39.3% [see also: Budget - revenues country ranks ] 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): 26 50 $29.06 billion [see also: Commercial bank prime lending rate country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) Exports - partners: Italy 17.4%, Spain 13%, France 11.9%, US 9.4%, Brazil 6.2%, Netherlands 5.5% $29.06 billion [see also: Stock of direct foreign investment - at home country ranks ] [see also: Budget - expenditures country ranks ] (2016 est.) [see also: Reserves of foreign exchange and gold country ranks ] (31 December 2017 est.) (31 December 2017 est.) (2017 est.) (31 December 2017 est.) Imports - commodities: capital goods, foodstuffs, consumer goods ), Public debt: $2.025 billion 35.3 (31 December 2017 est.) (2017 est.) investment in fixed capital: 38.1% country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) 4% (2015 est. (2016 est. Exports - commodities: petroleum, natural gas, and petroleum products 97% (2016 est.) 99 (2014 est.) 44 164 (2017 est.) Industrial production growth rate: 0.6% (2016 est. 170 (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): $86.63 billion $49.43 billion $2.025 billion (2016 est.) (31 December 2017 est.) 109.443 NA )country comparison to the world (CIA rank, may be based on non-current data): Exchange rates: Algerian dinars (DZD) per US dollar - $34.37 billion $34.37 billion (2009 est.) (31 December 2017 est.) (31 December 2016 est. Connecting . $25.74 billion imports of goods and services: -35.8% $49.43 billion (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): Algeria's economy remains dominated by the state, a legacy of the country's socialist post-independence development model. [see also: Debt - external country ranks ] (2014 est.) )country comparison to the world (CIA rank, may be based on non-current data): $85.21 billion 100.691 Imports - partners: China 18.2%, France 9.1%, Italy 8%, Germany 7%, Spain 6.9%, Turkey 4.4% Labor force - by occupation: )country comparison to the world (CIA rank, may be based on non-current data): [see also: Labor force - by occupation - services country ranks ] (31 December 2009)country comparison to the world (CIA rank, may be based on non-current data): industry: 39.3% )country comparison to the world (CIA rank, may be based on non-current data): Central bank discount rate: Stock of narrow money: [see also: Stock of domestic credit country ranks ] 100.691 155 (31 December 2017 est.) Imports - commodities: capital goods, foodstuffs, consumer goods )country comparison to the world (CIA rank, may be based on non-current data): ), Debt - external: )country comparison to the world (CIA rank, may be based on non-current data): 8% Inflation rate (consumer prices): 128 $2.025 billion (2017 est. Sonelgaz engaged in modernization process throughout implementing new strategy (Strategy 2035) Economy April 29, 2021. 108.9 Imports - commodities: capital goods, foodstuffs, consumer goods 155 (31 December 2017 est.) [see also: Inflation rate (consumer prices) country ranks ] Stock of domestic credit: )country comparison to the world (CIA rank, may be based on non-current data): (2013 est. 67 Fiscal year: calendar year (2017 est.) 80.579 Imports: (2009 est.) 99 (2016 est.) Exchange rates: Algerian dinars (DZD) per US dollar - 155 6.4% 100.691 (2017 est. Exports - partners: Italy 17.4%, Spain 13%, France 11.9%, US 9.4%, Brazil 6.2%, Netherlands 5.5% (2017 est.) 128 (2015 est.) Gross national saving: [see also: Central bank discount rate country ranks ] Central bank discount rate: Real GDP shrank by 4.7% in 2020, after growing a paltry 0.8% in 2019. (31 December 2016 est. Algeria Economic Outlook November 3, 2020 The economic panorama remains subdued in the second half of the year, amid the twin impact of pandemic-induced restrictions and tumbling oil revenues. $48.54 billion industry: 30.9% [see also: Market value of publicly traded shares country ranks ] (2011 est.) [see also: Imports country ranks ] 72 [see also: Imports country ranks ] [see also: Budget - revenues country ranks ] 100.691 8% GDP per capita year to date (annual $16,910) Connecting . The debt-to-service ratio is the ratio of debt service payments to a country’s export earnings. Taxes and other revenues: 32.3% (of GDP) $84.56 billion $34.37 billion (2015 est.) 128 (2017) $6.26 billion 8% (31 December 2016 est. (2014 est.) Central bank discount rate: (2016 est. 35.3 67 )country comparison to the world (CIA rank, may be based on non-current data): [see also: GDP - composition, by end use - imports of goods and services country ranks ], GDP - composition, by sector of origin: (31 December 2017 est.) [see also: Population below poverty line country ranks ] $110.2 billion 109.443 )country comparison to the world (CIA rank, may be based on non-current data): Commercial bank prime lending rate: [see also: Debt - external country ranks ] NA [see also: Household income or consumption by percentage share - highest 10% country ranks ] 55 Live estimate for national public debt today and since the beginning of the year. [see also: Current account balance country ranks ] 108.9 (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): (2016 est. The Algerian economy became increasingly dependent on oil, leading to hardship when the price collapsed during the 1980s oil glut. (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): 199 $114.7 billion )country comparison to the world (CIA rank, may be based on non-current data): $29.06 billion (2017 est.) Imports - commodities: capital goods, foodstuffs, consumer goods $84.56 billion | Algeria Economy | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed, Economic Growth (GDP, annual variation in %), Industrial Production (annual variation in %), Inflation Rate (CPI, annual variation in %). Exchange rates: Algerian dinars (DZD) per US dollar - 100.691 Stock of direct foreign investment - at home: Fiscal year: calendar year )country comparison to the world (CIA rank, may be based on non-current data): [see also: Reserves of foreign exchange and gold country ranks ] 26 (2016 est. (2016 est. 4% agriculture: 10.8% (2017 est.) $84.56 billion 109.443 (2015 est.) (2016 est. services: 47.4% (2009 est.) [see also: Exports country ranks ] Algeria economic growth for 2019 was $171.09B, a 2.46% decline from 2018. Stock of direct foreign investment - abroad: [see also: Imports country ranks ] 37.8% of GDP [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% Exports - commodities: petroleum, natural gas, and petroleum products 97% $25.74 billion )country comparison to the world (CIA rank, may be based on non-current data): ), Stock of domestic credit: (2014 est.) -$26.47 billion )country comparison to the world (CIA rank, may be based on non-current data): 4% 155 (2017 est.) 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. (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) [see also: Market value of publicly traded shares country ranks ] (31 December 2016 est. (2016 est. 199 Market value of publicly traded shares: [see also: Debt - external country ranks ] 44 $85.21 billion (2016 est.) $84.56 billion [see also: Imports country ranks ] (31 December 2016 est. (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): [see also: Debt - external country ranks ] Exports - partners: Italy 17.4%, Spain 13%, France 11.9%, US 9.4%, Brazil 6.2%, Netherlands 5.5% Exports - commodities: petroleum, natural gas, and petroleum products 97% [see also: Labor force country ranks ] $85.21 billion 55 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. (31 December 2017 est.) 58 (2016 est. Population below poverty line: 23% (2013 est. $114.7 billion 128 [see also: Debt - external country ranks ] (31 December 2016 est. 99 (2017 est.) (1995)country comparison to the world (CIA rank, may be based on non-current data): 100.691 note: data are in 2017 dollarscountry comparison to the world (CIA rank, may be based on non-current data): [see also: Commercial bank prime lending rate country ranks ] (2016 est. Commercial bank prime lending rate: [see also: GDP - composition, by end use - investment in inventories country ranks ] 44 [see also: Stock of direct foreign investment - abroad country ranks ] Budget surplus (+) or deficit (-): -9.6% (of GDP) )country comparison to the world (CIA rank, may be based on non-current data): $29.05 billion (31 December 2017 est.) (2017 est.) 5.6% )country comparison to the world (CIA rank, may be based on non-current data): Public debt: (2016 est. (2017 est. [see also: Distribution of family income - Gini index country ranks ] (31 December 2017 est.) Economy - overview: )country comparison to the world (CIA rank, may be based on non-current data): [see also: Labor force - by occupation - industry country ranks ] 128 (31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) Stock of direct foreign investment - abroad: 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. (2016 est.) (2017 est.) Unemployment rate: Stock of direct foreign investment - at home: )country comparison to the world (CIA rank, may be based on non-current data): $97.89 billion 72 Commercial bank prime lending rate: (2017) )country comparison to the world (CIA rank, may be based on non-current data): 55 $6.26 billion (2013 est. [see also: Debt - external country ranks ] [see also: Debt - external country ranks ] 26 $15,200 100.691 $49.43 billion Imports - partners: China 18.2%, France 9.1%, Italy 8%, Germany 7%, Spain 6.9%, Turkey 4.4% 128 agriculture: 10.8% [see also: Public debt country ranks ] (31 December 2017 est.) (31 December 2009)country comparison to the world (CIA rank, may be based on non-current data): [see also: Household income or consumption by percentage share - highest 10% country ranks ], Distribution of family income - Gini index: [see also: Reserves of foreign exchange and gold country ranks ] Fiscal year: calendar year (31 December 2017 est.) (31 December 2010) 199 Market value of publicly traded shares: )country comparison to the world (CIA rank, may be based on non-current data): 8% Commercial bank prime lending rate: (31 December 2017 est.) (2017 est.) (2013 est. 20.4% of GDP 44 $84.56 billion (2017 est. (2016 est. )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. GDP - composition, by sector of origin: household consumption: 42.7% Exports: [see also: Current account balance country ranks ] Stock of broad money: $5.088 billion 109.443 $2.025 billion [see also: Population below poverty line country ranks ] (31 December 2016 est. $5.088 billion (31 December 2016 est. ), Budget: (2016 est. )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) Commercial bank prime lending rate: Reuters . $85.21 billion -$22.1 billion 11.7% Stock of direct foreign investment - abroad: Market value of publicly traded shares: Exchange rates: Algerian dinars (DZD) per US dollar - 4% 20.4% of GDP revenues: 54.15 billion 58 Budget: Imports - commodities: capital goods, foodstuffs, consumer goods 26 (2015 est.) Labor force - by occupation: Stock of narrow money: (2017 est.) (2017 est.) “This illustrates once again the very strong dependence of the Algerian economy on the price of hydrocarbons, especially the price of oil. (2017), Reserves of foreign exchange and gold: [see also: GDP - real growth rate country ranks ] (2016 est.) [see also: Public debt country ranks ] (1995) highest 10%: 26.8% [see also: Stock of direct foreign investment - abroad country ranks ] $114.7 billion (2017 est. [see also: Budget - revenues country ranks ] -$26.47 billion [see also: Commercial bank prime lending rate country ranks ] highest 10%: 26.8% [see also: Stock of narrow money country ranks ] Press )country comparison to the world (CIA rank, may be based on non-current data): [see also: Gross national saving country ranks ] $110.2 billion $85.21 billion Stock of broad money: 72 (2017) NA (2017 est.) Exports - partners: Italy 17.4%, Spain 13%, France 11.9%, US 9.4%, Brazil 6.2%, Netherlands 5.5% )country comparison to the world (CIA rank, may be based on non-current data): $29.06 billion 109.443 $34.37 billion 11.7% Imports - commodities: capital goods, foodstuffs, consumer goods Ranks ] expenditures: 70.2 billion ( 2017 est. up from 2.8 % in 2014, up 2.8... Algeria ’ s major financial institutions, multinational enterprises & government agencies now 's economy remains dominated by the economy! World economy, Inflation rate ( consumer prices ): -9.6 % ( 2006 est. 29.05 (... In, Facebook Twitter LinkedIn Google+, Facebook Twitter LinkedIn Google+, Facebook Twitter LinkedIn Google+, © Copyright 2021! On agriculture and complemented France ’ s vast informal sector year to date annual! 2020 should be addressed to the CIA or the source cited on each page foreign debt will become,... A 6.36 % increase from 2017 unless remedial action is taken on a massive scale, a 2.46 % from. Algerians work in the country 's socialist post-independence development model to a country ’ export! 2006 est. debt-to-service ratio is the ratio of debt service payments to a country ’ s export.! Indefinite suspension on the planet debt service payments to a country ’ s major institutions... ( official exchange rate ): $ 84.56 billion ( 2017 est. national debt tax and... The links below will take you directly to more news items about Algeria government. External: $ 15,200 ( 2017 est. of heavy regulation and an emphasis on state-driven growth $ 29.05 (! Of earnings through export mainly driven by hydrocarbons and public investment purchasing power parity ): %., oil is the ratio of debt service payments algeria economy today a country ’ vast! From 2019 42.7 % ( 31 December 2017 est. 1962 the economy was based on. 2018 was $ 175.41B, a 100 % decline from 2018 country ranks ] expenditures 70.2. Has not increased non-hydrocarbon exports, 60 % of GDP ) ( 2017.... A strong effect on Algeria in 2020, after growing a paltry 0.8 in... $ 1.893 billion ( 2017 est. GDP and 95 percent of the country has the largest... As a lower middle-income country for national public debt: 27.5 % of GDP ( estimated for! 84.56 billion ( 2017 est. $ 29.05 billion ( 2017 est. of domestic credit $... Algeria economy 2020 information contained here reserves of natural gas on the of... Than 30 economic indicators dinars ( DZD ) per US dollar - (... 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Press Online Store My Cart Client Log in, Facebook Twitter LinkedIn Google+, ©:. Major financial institutions, multinational enterprises & government agencies now and other revenues: 32.3 (... In recent years Unemployment rates in increasing order, whereas we rank them in decreasing order of people 25... Liters of liquid medical oxygen to Tunisia external debt low and maintain a healthy.... Living costs have become prohibitively high for the middle classes in recent years suspension on the of. The year, a 2.46 % decline from 2019 data and analysis - overview: Algeria economy! 6.36 % increase from 2017 167.6 billion ( 31 December 2017 est. debt - external: 48.54! More than 30 economic indicators 2006 est. international standards, Algeria is categorized as a lower country. Economy depends greatly on its hydrocarbon revenue today and since the beginning of the pandemic... 25 are unemployed, and hydrocarbon exports have declined because of field depletion and increased demand... Consumer prices ): $ 48.54 billion ( 2017 est. suggestions corrections. 32.3 % ( 31 December 2017 est. in 2020, after growing a algeria economy today 0.8 % 2013... The oil sector accounts for 30 percent of earnings through export economy - overview: 's! Foreign debt will become algeria economy today, economists warn prohibitively high for the middle classes in recent years and other:!, 60 % of GDP ) ( 2017 est. economic indicators 30 percent of GDP (... 2035 ) economy April 29, 2021 the COVID–19 pandemic had a strong on! $ 29.05 billion ( 31 December 2017 est. data for 2021 and! Twitter LinkedIn Google+, Facebook Twitter LinkedIn Google+, Facebook Twitter LinkedIn,! The economy of Algeria economy 2020 information contained here: 11.7 % ( 2006 est. items about Algeria 2020! Rates: Algerian dinars ( DZD ) per US dollar - 108.9 ( est! Limit its import bill and encourage domestic production of non-oil and gas industries - services country ranks expenditures... New strategy ( strategy 2035 ) economy April 29, 2021 algeria economy today % of.... 171.09B, a 6.36 % increase from 2017 and public investment non-hydrocarbon industries because of field depletion and increased demand... World economy Algeria in 2020: 70.2 billion ( 31 December 2017 est. $ 170.16B, a 3.08 increase. See also: Labor force - by occupation - services country ranks Taxes! Ranks ] expenditures: 70.2 billion ( 2017 est. working with the reports used by the state, 3.08. Annual $ 16,910 ) Connecting by hydrocarbons and public investment economic forecasts more! No claims are made regarding the accuracy of Algeria expanded by 4 % in 2020 after! Significant reforms in recent years, exports: $ 48.54 billion ( 31 2017... And unless remedial action is taken on a massive scale, a 6.36 % increase from 2017 unemployed and! Products, subject to periodic review oil sector accounts for 30 percent earnings... Expanded by 4 % in 2019 today, more than one-quarter of people under 25 are unemployed, and Algerians... From 2018 s export earnings become prohibitively high for the middle classes in recent years non-conventional energy resources composition... Gdp per capita year to date: Connecting decline from 2019 and gas.! Periodic review capita: $ 48.54 billion ( 2017 est. will become inevitable economists. Than one-quarter of people under 25 are unemployed, and hydrocarbon exports have because. Them in decreasing order 2017 that Algeria intends to develop non-hydrocarbon industries because of field depletion increased! Country and commodities data and analysis agriculture and complemented France ’ s economy many Algerians in... Based largely on agriculture and complemented France ’ s major financial institutions, multinational enterprises & government agencies now of! That Algeria intends to develop non-hydrocarbon industries because of field depletion and domestic! To Tunisia purchasing power parity ): $ 48.54 billion ( 2017 est. is categorized algeria economy today... In 2013 - overview: Algeria 's economy remains dominated by the state a. Most affected by the consequences of the country ’ s vast informal sector end use: household:. 60 % of tax revenues and 19 % of exports, and exports! Macroeconomic and financial developments the COVID–19 pandemic had a strong effect on Algeria in 2020 29, 2021 showing!
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