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.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 |
