Algeria's GDP changed from approximately $45B 957M in 1980 to $266B 779M in 2024, showing an overall 480.5% sharply increased during the period.
The lowest GDP was recorded in 1995 at $45B 654M, and the highest in 2024 at $266B 779M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 4.1%.
For comparison, the average annual growth rate of Morocco was 4.3%, and that of Egypt was 6.3%.
Algeria GDP from 1980 to 2024
The total market value of goods and services produced annually in Algeria.
Overview of Algeria's GDP (1980–2024)
The Gross Domestic Product (GDP) of Algeria recorded a 480.5% sharply increased from 1980 to 2024.
The average GDP during this period was $117B 40M, and the median was $68B 697M.
GDP fluctuated within a range of $221B 125M, with a standard deviation of $73B 2M.
The average annual change was $4B 911M.
Highest and Lowest GDP Records
- Lowest GDP: 1995, $45B 654M
- Highest GDP: 2024, $266B 779M
- Most Recent GDP: 2024, $266B 779M
Notable Annual GDP Changes
- 2011: Significant increase in GDP
- 2015: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Algeria's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $193B 361M → $164B 774M
- Outcome: sharply declined
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $142B 483M → $150B 317M
- Outcome: increased
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $59B 418M → $59B 413M
- Outcome: remained stable
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $52B 287M → $52B 297M
- Outcome: remained stable
Key Economic Indicators of Algeria (1980–2024)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
1980 | $ 45B 957M | $ 2,462.09 | $ 5,214.20 | $ 97B 328M | -5.4 % | 0.526 % | 28.04 % | 0 % | 18M 666K people |
1981 | $ 48B 156M | $ 2,502.13 | $ 5,701.59 | $ 109B 733M | 3 % | -0.435 % | 25.82 % | 0 % | 19M 246K people |
1982 | $ 48B 599M | $ 2,446.59 | $ 6,240.96 | $ 123B 970M | 6.4 % | -0.897 % | 23.97 % | 0 % | 19M 864K people |
1983 | $ 51B 582M | $ 2,514.26 | $ 6,618.32 | $ 135B 781M | 5.4 % | -0.165 % | 24.68 % | 0 % | 20M 516K people |
1984 | $ 55B 906M | $ 2,640.19 | $ 7,015.84 | $ 148B 560M | 5.6 % | 0.133 % | 29.36 % | 0 % | 21M 175K people |
1985 | $ 66B 346M | $ 2,988.55 | $ 7,290.12 | $ 161B 841M | 5.6 % | 1.529 % | 29.24 % | 0 % | 22M 200K people |
1986 | $ 66B 783M | $ 2,929.09 | $ 7,226.70 | $ 164B 769M | -0.2 % | -3.338 % | 22.22 % | 0 % | 22M 800K people |
1987 | $ 68B 697M | $ 2,935.82 | $ 7,165.38 | $ 167B 670M | -0.7 % | 0.206 % | 22.60 % | 0 % | 23M 400K people |
1988 | $ 56B 70M | $ 2,326.57 | $ 7,065.76 | $ 170B 285M | -1.9 % | -3.389 % | 18.58 % | 0 % | 24M 100K people |
1989 | $ 57B 41M | $ 2,309.34 | $ 7,508.36 | $ 185B 457M | 4.8 % | -1.811 % | 18.73 % | 0 % | 24M 700K people |
1990 | $ 67B 171M | $ 2,684.47 | $ 7,750.63 | $ 193B 936M | 0.8 % | 2.01 % | 28.64 % | 4.846 % | 25M 22K people |
1991 | $ 50B 650M | $ 1,975.20 | $ 7,724.92 | $ 198B 90M | -1.2 % | 4.719 % | 33.23 % | 3.192 % | 25M 643K people |
1992 | $ 53B 414M | $ 2,033.20 | $ 7,835.49 | $ 205B 846M | 1.6 % | 2.415 % | 29.83 % | 0.932 % | 26M 271K people |
1993 | $ 55B 309M | $ 2,056.56 | $ 7,670.65 | $ 206B 294M | -2.102 % | 1.464 % | 27.50 % | -5.699 % | 26M 894K people |
1994 | $ 46B 44M | $ 1,674.57 | $ 7,593.95 | $ 208B 803M | -0.9 % | -3.993 % | 25 % | -1.506 % | 27M 496K people |
1995 | $ 45B 654M | $ 1,627 | $ 7,889.64 | $ 221B 383M | 3.848 % | -4.9 % | 24.19 % | 1.561 % | 28M 60K people |
1996 | $ 50B 945M | $ 1,783.41 | $ 8,191.67 | $ 234B 3M | 3.8 % | 2.449 % | 25.56 % | 5.888 % | 28M 566K people |
1997 | $ 52B 287M | $ 1,800.20 | $ 8,285.65 | $ 240B 657M | 1.1 % | 6.598 % | 28.05 % | 5.817 % | 29M 45K people |
1998 | $ 52B 297M | $ 1,772.37 | $ 8,668.22 | $ 255B 773M | 5.1 % | -1.74 % | 23.45 % | 0.087 % | 29M 507K people |
1999 | $ 53B 11M | $ 1,769.09 | $ 8,933.52 | $ 267B 692M | 3.2 % | 0.038 % | 24.43 % | 1.684 % | 29M 965K people |