Gross savings in Algeria
Algeria: Gross savings was 39.4% in 2024. ▲ Rising
Gross savings in Algeria, 1977–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
Algeria recorded 39.4% for gross savings in 2024.
The figure is down 3.3% on the previous year and down 11.8% over ten years.
Over the whole period, gross savings in Algeria peaked at 56.6% in 2008 and was at its lowest, 17.0%, in 1988.
That places Algeria 10th out of 177 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 35 years of available data.
Gross savings in Algeria, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1977 | 31.5% | — |
| 1978 | 34.0% | +7.8% |
| 1979 | 36.7% | +7.9% |
| 1980 | 39.4% | +7.4% |
| 1981 | 36.9% | -6.3% |
| 1982 | 35.5% | -3.7% |
| 1983 | 36.5% | +2.8% |
| 1984 | 30.6% | -16.2% |
| 1985 | 29.4% | -4.0% |
| 1986 | 21.8% | -25.9% |
| 1987 | 21.3% | -2.0% |
| 1988 | 17.0% | -20.5% |
| 1989 | 17.5% | +3.0% |
| 1990 | 24.0% | +37.1% |
| 1991 | 32.3% | +34.5% |
| 2005 | 50.7% | +57.2% |
| 2006 | 53.7% | +5.9% |
| 2007 | 55.8% | +3.9% |
| 2008 | 56.6% | +1.5% |
| 2009 | 48.0% | -15.3% |
| 2010 | 51.2% | +6.8% |
| 2011 | 50.0% | -2.4% |
| 2012 | 48.7% | -2.5% |
| 2013 | 46.6% | -4.3% |
| 2014 | 44.7% | -4.1% |
| 2015 | 39.0% | -12.6% |
| 2016 | 39.8% | +1.8% |
| 2017 | 39.5% | -0.7% |
| 2018 | 40.5% | +2.4% |
| 2019 | 38.5% | -4.9% |
| 2020 | 33.3% | -13.3% |
| 2021 | 38.3% | +14.9% |
| 2022 | 44.1% | +15.1% |
| 2023 | 40.8% | -7.5% |
| 2024 | 39.4% | -3.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 34.1% | 31.5% | 36.7% | 3 |
| 1980s | 28.6% | 17.0% | 39.4% | 10 |
| 1990s | 28.1% | 24.0% | 32.3% | 2 |
| 2000s | 53.0% | 48.0% | 56.6% | 5 |
| 2010s | 43.8% | 38.5% | 51.2% | 10 |
| 2020s | 39.2% | 33.3% | 44.1% | 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 (constant LCU), per capita 22,067 constant LCU per person (2024)
- Industry (including construction), value added (current US$), annual 2.46 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.348 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 2,106 current US$ per person (2025)
- Industry (including construction), value added (current LCU), annual 0.5923 % change on previous year (2025)
- Industry (including construction), value added (current LCU), per 45.8 current LCU per US$ of GDP (2025)
- Industry (including construction), value added (current LCU), per 277,121 current LCU per person (2025)
- Industry (including construction), value added (constant 2015 US$) 3.59 % change on previous year (2025)
Frequently asked questions
- What is gross savings in Algeria?
- Gross savings in Algeria was 39.4% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Algeria?
- The highest recorded value was 56.6% in 2008.
- What is the lowest gross savings recorded in Algeria?
- The lowest recorded value was 17.0% in 1988.
- How does Algeria rank for gross savings?
- Algeria ranks 10th out of 177 countries with data for 2024.
- Is gross savings rising or falling in Algeria?
- Over the last ten years it is down 11.8%. The long-run trend across the full record is rising.
- Where does this Algeria data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross savings (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. 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.