Algeria's economy has grown at about 4% annually since 1999. The country's foreign debt has fallen from a high of $28 billion in 1999 to its current level of $5 billion.

Oct 12, 2024 · Algeria’s economy grew by 3.9% in the first half of 2024 and inflation eased to 4.3 percent. Lower hydrocarbon exports, higher imports, and rising public spending reduced the current account surplus and increased the ...

Jan 22, 2025 · Algeria’s economy is dominated by its export trade in petroleum and natural gas, commodities that, despite fluctuations in world prices, annually contribute roughly one-third of the country’s gross domestic product (GDP).

Algeria’s economy grew by 3.9% in the first half of 2024 and inflation eased to 4.3 percent. Lower hydrocarbon exports, higher imports, and rising public spending reduced the current account surplus and increased the ...

Algeria has been pursuing an ambitious path for its development. With a focus on building resilience, adopting innovations, and economic modernization, the country has reached significant new milestone this year.

Aug 26, 2024 · In December 2023, President Abdelmadjid Tebboune enacted Algeria’s 2024 finance bill, projecting 4.2% economic growth based on the performance of key sectors such as services, agriculture, building, public works, and industry.

Although rising gas exports and additional foreign investment in the country will boost Algeria's overall economic activity in 2024, prospects will remain constrained by an overcentralised management and an opaque business environment dominated by a …

Economic growth rate accelerated from 3.6% in 2022 to 4.2% in 2023, driven by the hydrocarbon sector, industry, construction, and services. Inflation remained high (9.3% versus 9.2% in 2022) due to rising food prices.

Worldwide gross domestic product in 2023 was at about 13,164 USD per capita. GDP in Algeria, on the other hand, reached USD 5,364 per capita, or 247.63 billion USD for the whole country. Algeria is therefore currently ranked 54 of the major economies. Inflation in Algeria in …

Dec 2, 2024 · Algeria, one of Africa's largest economies, faced significant setbacks due to the COVID-19 pandemic, which negatively impacted its GDP growth rate. However, by 2024, Algeria has reclaimed its...