Algeria Economic Statistics and Indicators
02, Jul 2015, EDT. Welcome to the Algeria economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.
Economic Indicators For: Algeria › Change country
National or Regional Currency: Algerian Dinar, DZD
Year of data: 2014 › Change year
Number of Indicators Listed: 37
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 38,813,722 (July 2014 est.)
Area: total: 2,381,741 sq km ; land: 2,381,741 sq km ; water: 0 sq km
Natural Resources: petroleum, natural gas, iron ore, phosphates, uranium, lead, zinc
Capital: name: Algiers ; geographic coordinates: 36 45 N, 3 03 E ; time difference: UTC+1 (6 hours ahead of Washington, DC, during Standard Time)
Algeria's economy remains dominated by the state, a legacy of the country's socialist postindependence development model. In recent years the Algerian Government has halted the privatization of state-owned industries and imposed restrictions on imports and foreign involvement in its economy. Hydrocarbons have long been the backbone of the economy, accounting for roughly 60% of budget revenues, 30% of GDP, and over 95% of export earnings. Algeria has the 10th-largest reserves of natural gas in the world and is the sixth-largest gas exporter. It ranks 16th in oil reserves. Strong revenues from hydrocarbon exports have brought Algeria relative macroeconomic stability, with foreign currency reserves approaching $200 billion and a large budget stabilization fund available for tapping. In addition, Algeria's external debt is extremely low at about 2% of GDP. However, Algeria has struggled to develop non-hydrocarbon industries because of heavy regulation and an emphasis on state-driven growth. The government's efforts have done little to reduce high youth unemployment rates or to address housing shortages. A wave of economic protests in February and March 2011 prompted the Algerian Government to offer more than $23 billion in public grants and retroactive salary and benefit increases, moves which continue to weigh on public finances. Long-term economic challenges include diversifying the economy away from its reliance on hydrocarbon exports, bolstering the private sector, attracting foreign investment, and providing adequate jobs for younger Algerians.
More on the Algeria Economy
More on the Algeria Export, Import and Trade
GDP (Constant Prices, National Currency) for Algeria in year 2014 is DZD 6,791.20 Billion.
GDP (Current Prices, National Currency) for Algeria in year 2014 is DZD 18,152.63 Billion.
GDP (Current Prices, US Dollars) for Algeria in year 2014 is US$ 227.802 Billion.
GDP Deflator for Algeria in year 2014 is 267.296 (Index, Base Year as per country's accounts = 100).
GDP Per Capita (Constant Prices, National Currency) for Algeria in year 2014 is DZD 175,483.14 .
GDP Per Capita (Current Prices, National Currency) for Algeria in year 2014 is DZD 469,060.23 .
GDP Per Capita (Current Prices, US Dollars) for Algeria in year 2014 is US$ 5,886.37 .
GDP (PPP), US Dollars for Algeria in year 2014 is US$ 551.72 Billion.
GDP Per Capita (PPP), US Dollars for Algeria in year 2014 is US$ 14,256.34 .
Investment (% of GDP) for Algeria in year 2014 is 37.655 %.
Inflation, Average Consumer Prices (Indexed to Year 2000) for Algeria in year 2014 is 165.218 (Index, Base Year 2000 = 100).
Inflation, End of Year (Indexed to Year 2000) for Algeria in year 2014 is 167.571 (Index, Base Year 2000 = 100).
Population for Algeria in year 2014 is 38.7 Million .
General government revenue (National Currency) for Algeria in year 2014 is DZD 6,251.57 Billions.
General government total expenditure (National Currency) for Algeria in year 2014 is DZD 7,065.73 Billions.
Total Government Net Lending/ Borrowing (National Currency) for Algeria in year 2014 is DZD -814.158 Billions.
Fiscal Year Gross Domestic Product, Current Prices for Algeria in year 2014 is DZD 18,152.63 Billions.
Current Account Balance (US Dollars) for Algeria in year 2014 is US$ -6.814 Billion.
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|Internet Penetration Rate for Algeria|
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|Corruption Perceptions Index Rank and Score for Algeria|
Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International