21, Nov 2009, CST. 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: 2008 › Change year
Number of Indicators Listed: 19
Full Dataset: From Year 1980 to 2013
Date of Last Update: 1 Sept 2009
Population: 34,178,188 (July 2009 est.)
Area: total: 2,381,740 sq km land: 2,381,740 sq km water: 0 sq km
Natural Resources: petroleum, natural gas, iron ore, phosphates, uranium, lead, zinc
Government Type: Algeria government type
Government Ministers: Algeria ministers
Capital: Algiers
Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook

The oil sector is the foundation of Algeria's economy, accounting for approximately 60 per cent of budget earnings, 30 per cent of Gross Domestic Product (GDP), and over 95 per cent of export revenues. Algeria has the eighth-largest national reserves of natural gas internationally and is the fourth-largest gas exporting country; it ranks 15th in oil and gas national reserves. Sustained high oil and gas prices or pricing in recent years have aided improve Algeria's financial and economic indicators. Algeria is running substantial trade (imports and exports) surpluses and building up record foreign currency exchange national reserves. Algeria has decreased its external public state debt to less than 5 per cent of Gross Domestic Product (GDP) after repaying its Paris Club and London Club public debt in 2006. Real Gross Domestic Product (GDP) has risen due to higher oil and gas output and increased government spending. The government's perpetuated efforts to diversify its economy by attracting foreign and domestic investment outside the energy sector, however, has had little success in reducing high unemployment and improving living standards. Structural reform within its economy, such as development of the banks and financial institutions and financial services sector and the construction and building of infrastructure and facilities, is lagging hampered by corruption (including cronyism and nepotism) and government bureaucracy.
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GDP (Constant Prices, National Currency) for Algeria in year 2008 is DZD 5,660.63 Billion. Real GDP is expressed in billions of national currency units; the base year is country-specific.

GDP Growth (Constant Prices, National Currency) for Algeria in year 2008 is 3 %. Annual percentages of constant price GDP are year-on-year changes; the base year is country-specific.

GDP (Current Prices, National Currency) for Algeria in year 2008 is DZD 11,008.30 Billion. GDP is expressed in billions of national currency units.

GDP (Current Prices, US Dollars) for Algeria in year 2008 is US$ 159.669 Billion. Values are based upon GDP in national currency and the exchange rate projections provided by country economists for the group of other emerging market and developing countries. Exchanges rates for advanced economies are established in the WEO assumptions for each WEO exercise.

GDP Deflator for Algeria in year 2008 is 194.471 (Index, Base Year as per country's accounts = 100). The GDP deflator is derived by dividing current price GDP by constant price GDP and is considered to be an alternate measure of inflation. Please note: Data are expressed in the base year of each country's national accounts.

GDP Per Capita (Constant Prices, National Currency) for Algeria in year 2008 is DZD 162,661.82 . GDP is expressed in constant national currency per person. Data are derived by dividing constant price GDP by total population.

GDP Per Capita (Current Prices, National Currency) for Algeria in year 2008 is DZD 316,330.46 . GDP is expressed in current national currency per person. Data are derived by dividing current price GDP by total population.

GDP Per Capita (Current Prices, US Dollars) for Algeria in year 2008 is US$ 4,588.19 . GDP is expressed in current U.S. dollars per person. Data are derived by first converting GDP in national currency to U.S. dollars and then dividing it by total population.

Output Gap, Percent of Potential GDP for Algeria in year 2008 is not available

GDP (PPP), US Dollars for Algeria in year 2008 is US$ 233.098 Billion. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

GDP Per Capita (PPP), US Dollars for Algeria in year 2008 is US$ 6,698.21 . These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

GDP Share of World Total (PPP) for Algeria in year 2008 is 0.338 %. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

Implied PPP Conversion Rate for Algeria in year 2008 is 47.226 . These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

Investment (% of GDP) for Algeria in year 2008 is not available

Gross National Savings (% of GDP) for Algeria in year 2008 is not available

Inflation, Average Consumer Prices (Indexed to Year 2000) for Algeria in year 2008 is 126.543 (Index, Base Year 2000 = 100). Data for inflation are averages for the year, not end-of-period data. The index is based on 2000=100.

Inflation (Average Consumer Price Change %) for Algeria in year 2008 is 4.46 %. Data for inflation are averages for the year, not end-of-period data.

Inflation, End of Year (Indexed to Year 2000) for Algeria in year 2008 is 130.951 (Index, Base Year 2000 = 100). Data for inflation are end of the period, not annual average data. The index is based on 2000=100.

Inflation (End of Year Change %) for Algeria in year 2008 is 5.78 %. Data for inflation are end of the period, not annual average data.

Six-month London Interbank Offered Rate (LIBOR) Change % for Algeria in year 2008 is not available

Unemployment Rate (% of Labour Force) for Algeria in year 2008 is not available

Employment for Algeria in year 2008 is not available

Population for Algeria in year 2008 is 34.8 Million .

General Government Balance (National Currency) for Algeria in year 2008 is not available

General Government Balance (% of GDP) for Algeria in year 2008 is not available

General Government Structural Balance (National Currency) for Algeria in year 2008 is not available

General Government Structural Balance (% Potential GDP) for Algeria in year 2008 is not available

General Government Net Debt (National Currency) for Algeria in year 2008 is not available

General Government Net Debt (% GDP) for Algeria in year 2008 is not available

General Government Gross Debt (National Currency) for Algeria in year 2008 is not available

General Government Gross Debt (% GDP) for Algeria in year 2008 is not available

Current Account Balance (US Dollars) for Algeria in year 2008 is US$ 37.082 Billion. Balance of payments data are based upon the methodology of the 5th edition of the International Monetary Fund's Balance of Payments Manual (1993). Data for the world total reflects errors, omissions, and asymmetries in balance of payments statistics on current account, as well as the exclusion of data for international organizations and a limited number of countries. Calculated as the sum of the balance of individual countries.

Current Account Balance (% GDP) for Algeria in year 2008 is 23.224 %. Balance of payments data are based upon the methodology of the 5th edition of the International Monetary Fund's Balance of Payments Manual (1993). Data for the world total reflects errors, omissions, and asymmetries in balance of payments statistics on current account, as well as the exclusion of data for international organizations and a limited number of countries. Calculated as the sum of the balance of individual countries.