Algeria GDP

Algeria country overview

Before we start to discuss Algeria GDP first we discuss Algeria’s country overview, so Algeria is officially called the People’s Democratic Republic of Algeria. Algeria is located in North Africa. Algiers is the capital and largest city of Algeria.

Its official language is Arabic and Berber. When we talk about its ethnic groups, Arabs 99% and other 1% ethnic groups live in Algeria.

In the religious divide, 99% Muslims and 1% of other religion-related peoples live in Algeria. Algeria’s government system is a unitary presidential republic. Its president name is Abdelmadjid Tebboune.

Its prime minister’s name is Aymen. Algeria’s total land area is 2,381,740 km2. Its land area rank is 10th in the world.

Its total population is 44,700,100 in the year 2021. Its population rank is 32nd in the world countries. Its population density is 18/km2. Its population density rank is 168th in the world.

Algeria Economy

Its currency is called the Algerian dinar. Algeria’s economy is called the developing or emerging and also a lower-middle-income economy country.

The inflation rate in Algeria is 4% in the year 2020. 5.5% of its population lives below the poverty line. Its HDI rate is 0.748 in the year 2019.

Its HDI rank is 82nd in the world. When we talk about its Labour force by occupation, agriculture 11%, industry 31%, and services are 58% in the year 2017.

The unemployment rate in Algeria is 12% in the year 2018. Its gross external debt is $6 billion in the year 2018. Algeria’s total foreign reserves are $42 billion in the year 2021.

Algeria GDP

Algeria’s total GDP is $150 billion (nominal) and $760 billion (PPP) in the year 2021. Its GDP rank is 53rd (nominal) and 35th (PPP) in the year 2020.

Its GDP growth rate is 4% in the year 2021. Its GDP per capita is $3,360 (nominal) and $16,560 (PPP) in the year 2021.

Its GDP per capita rank is 112th (nominal) and 83rd (PPP) in the year 2020. When we talk about its GDP by sector, agriculture by 13%, industry by 39%, and services are 47% in the year 2018.

Algeria Exports

Its total exports are $24 billion in the year 2021. Its main export goods are petroleum, gas, and others. Its main export partners are Italy, Spain, India, South Korea, and others.

Algeria Imports

Algeria’s total imports are $49 billion in the year 2018. Its main import goods are food products, machinery, and others. Its main import partners are China, Spain, Germany, Russia, Turkey, and others.

References: Worldbank, IMF, Wikipedia

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