Current account balance in Algeria
Algeria: Current account balance was -1.0% 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 % of GDP.
Analysis
In 2024, current account balance in Algeria stood at -1.0%.
That represents a change of down 139.0% on the previous year and up 73.6% over ten years.
Over the whole period, current account balance in Algeria peaked at 23.5% in 2006 and was at its lowest, -14.5%, in 2016.
That places Algeria 96th out of 200 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 in Algeria, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1977 | -11.1% | — |
| 1978 | -13.4% | +21.1% |
| 1979 | -4.9% | -63.4% |
| 1980 | 0.6% | -112.0% |
| 1981 | 0.2% | -65.5% |
| 1982 | -0.4% | -299.8% |
| 1983 | -0.2% | -56.9% |
| 1984 | 0.1% | -179.4% |
| 1985 | 1.8% | +1163.3% |
| 1986 | -3.5% | -299.9% |
| 1987 | 0.2% | -106.0% |
| 1988 | -3.5% | -1731.2% |
| 1989 | -1.9% | -43.7% |
| 1990 | 2.3% | -217.8% |
| 1991 | 5.2% | +126.2% |
| 2005 | 19.8% | +282.2% |
| 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 |
|---|---|---|---|---|
| 1970s | -9.8% | -13.4% | -4.9% | 3 |
| 1980s | -0.7% | -3.5% | 1.8% | 10 |
| 1990s | 3.7% | 2.3% | 5.2% | 2 |
| 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)
- Manufacturing, value added (current US$), per unit of GDP 0.0945 current US$ per US$ of GDP (2024)
- Manufacturing, value added (current US$), per capita 543.92 current US$ per person (2024)
- Manufacturing, value added (current LCU), per unit of GDP 12.67 current LCU per US$ of GDP (2024)
- Manufacturing, value added (current LCU), per capita 72,915 current LCU per person (2024)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.079 constant 2015 US$ per US$ of GDP (2024)
- Manufacturing, value added (constant 2015 US$), per capita 454.61 constant 2015 US$ per person (2024)
- Manufacturing, value added (constant LCU), per capita 22,067 constant LCU per person (2024)
- Industry (including construction), value added (current US$), annual 2.46 % change on previous year (2025)
Frequently asked questions
- What is current account balance in Algeria?
- Current account balance in Algeria was -1.0% 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 23.5% in 2006.
- What is the lowest current account balance recorded in Algeria?
- The lowest recorded value was -14.5% in 2016.
- How does Algeria rank for current account balance?
- Algeria ranks 96th 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 73.6%. 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.