Algeria GDP Trends from 1980 to 2024: A overall increase with some decline Flow

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%.

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.


Algeria GDP from 1980 to 2024

The total market value of goods and services produced annually in Algeria.

Change Chart

    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)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    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