Current account balance as a share of GDP in Algeria
Algeria: Current account balance as a share of GDP was -1.0% in 2024. ◆ Volatile
Current account balance as a share of GDP in Algeria, 2005–2024
Source: International Monetary Fund – processed by Our World in Data. Measured in %.
Analysis
Algeria recorded -1.0% for current account balance as a share of gdp in 2024.
Compared with earlier readings it is down 138.9% on the previous year and up 73.7% over ten years.
Over the whole period, current account balance as a share of gdp in Algeria peaked at 23.5% in 2006 and was at its lowest, -14.5%, in 2016.
Algeria ranks 96th of 193 countries on this measure, 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 share of GDP in Algeria, year by year
| Year | % | Change |
|---|---|---|
| 2005 | 19.8% | — |
| 2006 | 23.5% | +18.7% |
| 2007 | 21.3% | -9.4% |
| 2008 | 18.8% | -11.6% |
| 2009 | 0.3% | -98.5% |
| 2010 | 6.9% | +2269.0% |
| 2011 | 8.1% | +17.8% |
| 2012 | 5.3% | -34.2% |
| 2013 | 0.5% | -90.2% |
| 2014 | -3.9% | -846.2% |
| 2015 | -14.4% | +271.6% |
| 2016 | -14.5% | +0.6% |
| 2017 | -11.6% | -19.9% |
| 2018 | -8.7% | -25.2% |
| 2019 | -8.8% | +0.8% |
| 2020 | -11.0% | +25.9% |
| 2021 | -2.4% | -78.1% |
| 2022 | 8.6% | -456.2% |
| 2023 | 2.6% | -69.6% |
| 2024 | -1.0% | -138.9% |
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 value added at basic prices (GVA) (current US$), annual growth 6.58 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9499 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 5,748 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 4.63 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 125.02 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 756,470 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 3.82 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.7678 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is current account balance as a share of gdp in Algeria?
- Current account balance as a share of gdp in Algeria was -1.0% in 2024, according to International Monetary Fund – processed by Our World in Data.
- What is the highest current account balance as a share of gdp recorded in Algeria?
- The highest recorded value was 23.5% in 2006.
- What is the lowest current account balance as a share of gdp recorded in Algeria?
- The lowest recorded value was -14.5% in 2016.
- How does Algeria rank for current account balance as a share of gdp?
- Algeria ranks 96th out of 193 countries with data for 2024.
- Is current account balance as a share of gdp rising or falling in Algeria?
- Over the last ten years it is up 73.7%. The long-run trend across the full record is volatile.
- Where does this Algeria data come from?
- The figures come from International Monetary Fund – processed by Our World in Data, published as part of Current account balance as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Current account balance as a proportion of GDP (%).