Current account balance in Algeria
Algeria: Current account balance was -2.75 billion BoP, current US$ in 2024. ◆ Volatile
Current account balance in Algeria, 1977–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Algeria recorded -2.75 billion BoP, current US$ for current account balance in 2024.
That represents a change of down 142.4% on the previous year and up 70.3% over ten years.
Over the whole period, current account balance in Algeria peaked at 33.95 billion BoP, current US$ in 2008 and was at its lowest, -27.04 billion BoP, current US$, in 2015.
Algeria ranks 161st of 200 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance in Algeria, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1977 | -2.33 billion BoP, current US$ | — |
| 1978 | -3.54 billion BoP, current US$ | +52.2% |
| 1979 | -1.63 billion BoP, current US$ | -53.9% |
| 1980 | 249.12 million BoP, current US$ | -115.3% |
| 1981 | 89.90 million BoP, current US$ | -63.9% |
| 1982 | -183.14 million BoP, current US$ | -303.7% |
| 1983 | -85.20 million BoP, current US$ | -53.5% |
| 1984 | 74.45 million BoP, current US$ | -187.4% |
| 1985 | 1.01 billion BoP, current US$ | +1263.1% |
| 1986 | -2.23 billion BoP, current US$ | -319.8% |
| 1987 | 141.25 million BoP, current US$ | -106.3% |
| 1988 | -2.04 billion BoP, current US$ | -1544.0% |
| 1989 | -1.08 billion BoP, current US$ | -47.0% |
| 1990 | 1.42 billion BoP, current US$ | -231.4% |
| 1991 | 2.37 billion BoP, current US$ | +66.6% |
| 2005 | 21.18 billion BoP, current US$ | +794.9% |
| 2006 | 28.92 billion BoP, current US$ | +36.6% |
| 2007 | 30.35 billion BoP, current US$ | +4.9% |
| 2008 | 33.95 billion BoP, current US$ | +11.9% |
| 2009 | 431.67 million BoP, current US$ | -98.7% |
| 2010 | 12.22 billion BoP, current US$ | +2731.0% |
| 2011 | 17.67 billion BoP, current US$ | +44.6% |
| 2012 | 12.09 billion BoP, current US$ | -31.6% |
| 2013 | 1.19 billion BoP, current US$ | -90.2% |
| 2014 | -9.26 billion BoP, current US$ | -879.9% |
| 2015 | -27.04 billion BoP, current US$ | +191.8% |
| 2016 | -26.20 billion BoP, current US$ | -3.1% |
| 2017 | -22.07 billion BoP, current US$ | -15.8% |
| 2018 | -16.91 billion BoP, current US$ | -23.4% |
| 2019 | -16.95 billion BoP, current US$ | +0.3% |
| 2020 | -18.19 billion BoP, current US$ | +7.3% |
| 2021 | -4.51 billion BoP, current US$ | -75.2% |
| 2022 | 19.45 billion BoP, current US$ | -531.0% |
| 2023 | 6.50 billion BoP, current US$ | -66.6% |
| 2024 | -2.75 billion BoP, current US$ | -142.4% |
Algeria compared with similar countries
- Algeria's -2.75 billion BoP, current US$ is below the median for upper middle income countries, which is -814.98 million BoP, current US$, 3.4× the median. (57 countries reporting)
- Algeria's -2.75 billion BoP, current US$ is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is -407.69 million BoP, current US$, 6.8× the median. (22 countries reporting)
Biggest year-on-year movements
Years where Current account balance in Algeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2010 | +2731.0% | 431.67 million BoP, current US$ | 12.22 billion BoP, current US$ |
| 1988 | -1544.0% | 141.25 million BoP, current US$ | -2.04 billion BoP, current US$ |
| 1985 | +1263.1% | 74.45 million BoP, current US$ | 1.01 billion BoP, current US$ |
| 2014 | -879.9% | 1.19 billion BoP, current US$ | -9.26 billion BoP, current US$ |
| 2005 | +794.9% | 2.37 billion BoP, current US$ | 21.18 billion BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -2.50 billion BoP, current US$ | -3.54 billion BoP, current US$ | -1.63 billion BoP, current US$ | 3 |
| 1980s | -404.95 million BoP, current US$ | -2.23 billion BoP, current US$ | 1.01 billion BoP, current US$ | 10 |
| 1990s | 1.89 billion BoP, current US$ | 1.42 billion BoP, current US$ | 2.37 billion BoP, current US$ | 2 |
| 2000s | 22.97 billion BoP, current US$ | 431.67 million BoP, current US$ | 33.95 billion BoP, current US$ | 5 |
| 2010s | -7.53 billion BoP, current US$ | -27.04 billion BoP, current US$ | 17.67 billion BoP, current US$ | 10 |
| 2020s | 98.91 million BoP, current US$ | -18.19 billion BoP, current US$ | 19.45 billion BoP, current US$ | 5 |
Countries ranked near Algeria
- 158 Mozambique -2.49 billion BoP, current US$ compare
- 159 Cyprus -2.59 billion BoP, current US$ compare
- 160 Palestine -2.72 billion BoP, current US$ compare
- 162 Jordan -3.13 billion BoP, current US$ compare
- 163 Afghanistan -3.14 billion BoP, current US$ compare
- 164 Ethiopia -3.79 billion BoP, current US$ compare
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 264,865 BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 0.0057 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.23 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 0.9906 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0046 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 26.2 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -12.66 % change on previous year (2025)
Frequently asked questions
- What is current account balance in Algeria?
- Current account balance in Algeria was -2.75 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Algeria?
- The highest recorded value was 33.95 billion BoP, current US$ in 2008.
- What is the lowest current account balance recorded in Algeria?
- The lowest recorded value was -27.04 billion BoP, current US$ in 2015.
- How does Algeria rank for current account balance?
- Algeria ranks 161st out of 200 countries with data for 2024.
- Is current account balance rising or falling in Algeria?
- Over the last ten years it is up 70.3%. The long-run trend across the full record is volatile.
- Where does this Algeria data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.