Algeria Profile
The Algerian economy is characterised by its reliance on hydrocarbon exports and state-centred economic management. Authorities plan to diversify the economy and boost manufacturing and other sectors, but such restructuring can take decades to implement.
While the economy continued to stutter ahead, the Algerian political landscape changed significantly this year. After years of complacent acceptance of the political status quo, frustrated Algerians headed to the streets in opposition to the ruling elite (popularly referred to as “the power”), led for decades by former President Abdelaziz Bouteflika. Mr Bouteflika resigned in April, but protests continue against the interim government still perceived to be serving the interests of the power. With the political landscape in a state of flux, economic challenges continue to mount in the face of lower hydrocarbon prices and contracting oil output. We expect growth to remain relatively flat over the short- to medium term. (Source: Algeria Annual Country Profile, published October 2019.)
Macroeconomic Data
(2018)
Fiscal Balance (as a % of GDP)
Consumer Price Index (% change y-o-y, avg)
Current Account Balance (as a % of GDP)
Real GDP (annual % change)
GDP per Capita, US$
Import Cover (months)
Population, million
Total External Debt (as a % of GDP)
-5.4
3.5
-9.6
1.5
4,103.2
16.0
42.2
3.3