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Algeria Debt to GDP Ratio

Algeria's government debt to GDP ratio fell to 46.2% in 2024 from 47.7% in 2023. This marks the lowest level since 2020. The decrease is attributed to strong economic growth with nominal GDP rising by 7.2% and real GDP growing by 3.7%. This growth was supported by non-hydrocarbon sector performance and a 9.8% increase in gross fixed capital formation. Algeria's record low government debt to GDP was 7.7% in 2015 and record high was 55.1% in 2021.

Yearly Historical Data (2015-2024)

(in %)
Year Debt to GDP Ratio
2024 46.2%
2023 47.7%
2022 48.1%
2021 55.1%
2020 46%
2019 40.9%
2018 34.5%
2017 24%
2016 18.1%
2015 7.7%
Algeria Debt to GDP Ratio : Definition
Algeria's government debt to GDP measures the total outstanding debt of the Algerian government relative to its Gross Domestic Product. It is calculated by dividing the total gross debt owed by the government by the nation's nominal GDP. This ratio indicates Algeria's debt burden compared to its overall economic output.
Indicator Last Value Prior Value Period
Current Account to GDP Ratio 1.3% 2.5% Dec'24
Discount Rate 2.75% 3% Aug'25
Private Credit (% GDP) 19.45% 18.87% 2024