Current account balance as a proportion of GDP in Algeria
Algeria: Current account balance as a proportion of GDP was -1.0% in 2024. ◆ Volatile
Current account balance as a proportion of GDP in Algeria, 2005–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2024, current account balance as a proportion of gdp in Algeria stood at -1.0%.
Compared with earlier readings it is down 139.0% on the previous year and up 73.6% over ten years.
Over the whole period, current account balance as a proportion of gdp in Algeria peaked at 23.5% in 2006 and was at its lowest, -14.5%, in 2016.
That places Algeria 101st out of 204 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance as a proportion of GDP in Algeria, year by year
| Year | % | Change |
|---|---|---|
| 2005 | 19.8% | — |
| 2006 | 23.5% | +18.8% |
| 2007 | 21.3% | -9.3% |
| 2008 | 18.8% | -11.6% |
| 2009 | 0.3% | -98.5% |
| 2010 | 6.9% | +2293.6% |
| 2011 | 8.1% | +17.8% |
| 2012 | 5.3% | -34.2% |
| 2013 | 0.5% | -90.3% |
| 2014 | -3.9% | -849.7% |
| 2015 | -14.4% | +271.9% |
| 2016 | -14.5% | +0.5% |
| 2017 | -11.6% | -19.8% |
| 2018 | -8.7% | -25.2% |
| 2019 | -8.8% | +0.9% |
| 2020 | -11.0% | +25.9% |
| 2021 | -2.4% | -78.0% |
| 2022 | 8.6% | -455.8% |
| 2023 | 2.6% | -69.6% |
| 2024 | -1.0% | -139.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 16.7% | 0.3% | 23.5% | 5 |
| 2010s | -4.1% | -14.5% | 8.1% | 10 |
| 2020s | -0.6% | -11.0% | 8.6% | 5 |
Countries ranked near Algeria
More economy & growth data for Algeria
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.9727 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.12 Percent per annum (2029)
- Gross capital formation (constant 2015 US$), annual growth rate 10.97 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.4127 constant 2015 US$ per US$ of GDP (2025)
- Gross capital formation (constant 2015 US$), per capita 2,497 constant 2015 US$ per person (2025)
- Imports of goods and services (current US$), annual growth rate 16.36 % change on previous year (2025)
- Imports of goods and services (current US$), per unit of GDP 0.2214 current US$ per US$ of GDP (2025)
- Imports of goods and services (current US$), per capita 1,340 current US$ per person (2025)
- Imports of goods and services (current LCU), annual growth rate 14.23 % change on previous year (2025)
- Imports of goods and services (current LCU), per unit of GDP 29.14 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is current account balance as a proportion of gdp in Algeria?
- Current account balance as a proportion of gdp in Algeria was -1.0% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in Algeria?
- The highest recorded value was 23.5% in 2006.
- What is the lowest current account balance as a proportion of gdp recorded in Algeria?
- The lowest recorded value was -14.5% in 2016.
- How does Algeria rank for current account balance as a proportion of gdp?
- Algeria ranks 101st out of 204 countries with data for 2024.
- Is current account balance as a proportion of gdp rising or falling in Algeria?
- Over the last ten years it is up 73.6%. The long-run trend across the full record is volatile.
- Where does this Algeria data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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