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Algeria GDP

Algeria's GDP rose to $263.62 billion in 2024, up from $247.63 billion in 2023, according to World Bank. This represents an increase of 6.5% ($15.99 billion) from the previous year and accounts for 0.24% of the world's total GDP. Algeria has GDP higher than the global median ($263.62 billion vs median $35.85 billion). Compared with the median in Africa, Algeria is higher ($263.62 billion vs regional median $20.75 billion) and ranks 3rd out of 52 countries in Africa.

Algeria's GDP per capita rose to $4,747.35 in 2024, up from $4,660.41 in 2023.

Yearly Historical Data (1960-2024)

(in Billion USD)
Year GDP (Billion USD)
2024 263.62
2023 247.63
2022 225.64
2021 186.23
2020 164.87
2019 193.46
2018 194.55
2017 189.88
2016 180.76
2015 187.49
2014 238.94
2013 229.7
2012 227.14
2011 218.33
2010 177.79
2009 150.32
2008 180.38
2007 142.48
2006 123.08
2005 107.05
2004 91.91
2003 73.48
2002 61.52
2001 59.41
2000 54.79
1999 48.64
1998 48.19
1997 48.18
1996 46.94
1995 41.76
1994 42.54
1993 49.95
1992 48
1991 45.72
1990 62.05
1989 55.63
1988 59.09
1987 66.75
1986 63.69
1985 57.94
1984 53.7
1983 48.8
1982 45.21
1981 44.35
1980 42.35
1979 33.24
1978 26.36
1977 20.97
1976 17.73
1975 15.56
1974 13.21
1973 8.71
1972 6.77
1971 5.08
1970 4.86
1969 4.26
1968 3.85
1967 3.37
1966 3.04
1965 3.14
1964 2.91
1963 2.7
1962 2
1961 2.43
1960 2.72
Algeria GDP : Definition
GDP measures the total value of all goods and services produced in Algeria, measured in current US dollars. It is also called Nominal GDP.
Indicator Last Value Prior Value Period
GDP Annual Growth Rate 3.3% 4.1% 2024
GDP Growth Rate (QoQ) 18.6% -7.8% Mar'25
GDP Growth Rate (YoY) 4.5% 4.2% Mar'25
GDP per Capita $4,747.35 $4,660.41 2024
GDP per Capita PPP $15,442.12 $15,159.32 2024
R&D Expenditure (% GDP) 0.48% 0.06% 2017
Real GDP $222.24B $215.14B 2024