2010: 2015: 2020: GDP: Gross domestic product (million current US$): 161 207: 165 979: 173 757 d: GDP growth rate (annual %, const. The year-on-year change in GDP was 0.4%, 28 -tenths of one percent more than the -2.4% recorded in the forth quarter of 2020. Gross domestic product (GDP) In 2007 Algeria's estimated GDP was US$125.9 billion according to the official exchange rate. Download historical data for 20 million indicators using your browser. Correspondingly, growth moderated in construction, agriculture and commercial services. Consumption slowed, as did investment, albeit more markedly. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. India’s economy is the fifth-largest in the world with a GDP of $2.94 trillion, overtaking the UK … What is real GDP growth? In terms of land mass, Algeria is the largest African country and in global ranking, the North African country maintains the tenth largest territory. G20 GDP showed a strong recovery in the third quarter of 2020, but remained below pre-pandemic high Download the entire news release (PDF 120KB) 14 Dec. 2020 - Gross domestic product (GDP) in the G20 area rebounded by 8.1% in the third quarter of 2020 following the unprecedented falls in the first half of the year due to COVID-19 containment measures. Population/Algeria GDP (Gross Domestic Product) was INT$0.00billion for 2020 in PPP terms. Algeria gdp for 2019 was $171.09B, a … Projections by IMF. Instead, the GDP maintained a positive, albeit moderate, growth in each quarter of 2019. Algeria’s economic freedom score is 49.7, making its economy the 162nd freest in the 2021 Index. India. According to the United Nations, there are officially 54 countries on the African continent. Algeria Government Debt to GDP was 57.2 % in 2021. Algeria is situated in the Northern region of Africa and it is unarguably one of the best economies in the region. Social unrest will re-emerge with the easing of containment measures, given frustration over the lack of political change and the faltering economy, which will recover … Algeria gdp per capita for 2017 was $4,111, a 4.2% increase from 2016. Algeria expects its budget deficit for 2020 to reach 10.4% of gross domestic product, up from a previous forecast of 7.2%, due to lower revenues from oil and gas, Finance Minister Abderrahmane Raouya said on Tuesday. World Economics makes available of world’s most comprehensive GDP database covering over 130 countries with historical GDP PPP data from 1870-2020, building on the lifetimes work of Angus Maddison. Algeria gdp for was $0.00B, a 100% decline from 2019. 192 countries from around the world are ranked by GDP measured in US dollars and PPPs from 1980 to 2020. GDP (purchasing power parity): $630 billion (2017 est.) The GDP figure in the first quarter of 2021 was €4,575,219 $5,512,224 million, United States is the world's leading economy with regard to GDP, as can be seen in the ranking of quarterly GDP of the 51 countries that we publish. Algeria gdp per capita for 2016 was $3,945, a 5.78% decline from 2015. Algeria gdp per capita for 2018 was $4,154, a 1.03% increase from 2017. Nominal GDP is useful for large-scope GDP comparison, either for a country or region or on an international scale. Algeria gdp per capita for 2019 was $3,974, a 4.33% decline from 2018. The nominal GDP of an area is determined using up-to-date market prices and shifts according to inflation. The maximum surplus was 24.7 % and deficit was -16.5 % Data published Yearly by Central Bank. Despite cuts to public investment (-9.7%) and public consumption (-1.6%) envisaged by the 2020 Finance Law, the fiscal deficit would increase to 16.3% of GDP. Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). World Economics makes available of world’s most comprehensive GDP database covering over 130 countries with historical GDP PPP data from 1870-2020, building on the lifetimes work of Angus Maddison. GDP PPP based on: 2017 International Dollars. The economy remains very dependent on hydrocarbon wealth, and, despite high foreign exchange reserves (US$178 billion, equivalent to three years of imports), current expenditure growth makes Algeria's budget more vulnerable to the risk of prolonged lower hydrocarbon revenues. Annual percentage growth rate of GDP at market prices based on constant local currency. Recent macroeconomic and financial developments The COVID–19 pandemic had a strong effect on Algeria in 2020. GDP, PPP (current international $) - Algeria from The World Bank: Data Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). Correspondingly, growth moderated in construction, agriculture and commercial services. GDP per capita growth (annual %) - Algeria from The World Bank: Data. In addition, Algeria's external debt is extremely low at about 2% of GDP. GDP (billions of $/Int. Data Source: World Bank GDP is an important indicator of a … The government has projected oil Algeria went into recession in 2020 because of the COVID-19 crisis. That is, African countries with the highest Gross Domestic Product (GDP) in 2020 (in billion U.S. dollars). No claims are made regarding the accuracy of Algeria Military 2020 information contained here. Algeria gdp for 2018 was $175.41B, a 3.08% increase from 2017. Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. Algeria Economic Outlook. Data. This year Algeria ranks 111th in innovation inputs, lower than last year and lower compared to 2018. Algeria . World's GDP is $80,934,771,028,340 (nominal, 2017).. See also: GDP per Capita Real GDP shrank by 4.7% in 2020, after growing a paltry 0.8% in 2019. Rankings of Algeria (2018–2020) GII Innovation inputs Innovation outputs 2020 121 111 126 2019 113 100 118 2018 110 100 116 Algeria performs better in innovation inputs than innovation outputs in 2020. The economy of Algeria is majorly dependent on the energy industry which produces massive amounts of fossil fuels. IMPACT OF COVID-19: As of December 1, 2020, 2,447 deaths had been attributed to the pandemic in Algeria, and the economy was forecast to contract by 5.5 percent for the year. Gross Domestic Product, or GDP, measures the economic size of a country. While nonhydrocarbon GDP growth moderated, to 2.4%, hydrocarbon GDP shrunk by 4.9%. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. With the GDP per capita of $14,717.3, Algeria ranks the sixth richest country in Africa 2020. Estimates by world bank since 1961. In the first quarter of 2020, the Gross Domestic Product (GDP) in Algeria declined by 3.9 percent compared to the same quarter of the previous year. 5.27% of GDP (2018) 5.81% of GDP (2017) 6.55% of GDP (2016) 6.32% of GDP (2015) 5.54% of GDP (2014) ... All suggestions for corrections of any errors about Algeria Military 2020 should be addressed to the CIA or the source cited on each page. Live statistics for Economy of Algeria. Algeria gdp for 2017 was $170.16B, a 6.36% increase from 2016. Though Algeria real GDP growth fluctuated substantially in recent years, it tended to decrease through 2001 - 2020 period ending at -5.5 % in 2020. By incorporating an area’s inflation rate in the GDP calculation, nominal GDP can indicate when prices rise in an economy. Algeria https://crsreports.congress.gov Terrorism and Counterterrorism Cells linked to Al Qaeda and the Islamic State (IS) are apparently active in some areas, but the pace of terrorist Consumption slowed, as did investment, albeit more markedly. Algeria Sees 2021 Budget Deficit at 13.57% of GDP Tuesday, 10 November, 2020 - 05:15 FILE PHOTO: Algerian President Abdelmadjid Tebboune arrives for the opening of the 33rd Ordinary Session of the Assembly of the Heads of State and the Government of the African Union (AU) in Addis Ababa, Ethiopia, February 9, 2020. Algeria expects its budget deficit for 2020 to reach 10.4% of gross domestic product, up from a previous forecast of 7.2%, due to lower revenues from oil and gas, Finance Minister Abderrahmane Raouya said on Tuesday. All rights reserved. In brief. In addition to the health toll, the pandemic added to other adverse developments, mainly the fall in oil prices, and plunged the Algerian economy into recession. The economic panorama remains subdued in the second half of the year, amid the twin impact of pandemic-induced restrictions and tumbling oil revenues. GDP Growth and GDP per capita Growth of Algeria. ALGIERS- The Algerian economy is predicted to grow by 1.9% in 2020, up 0.2 point, said the World Bank, which added that the national GDP rose by 1.5% in 2018. In addition to the health toll, the pandemic added to other adverse developments, mainly the fall in oil prices, and plunged the Algerian economy into recession. In the first quarter of 2020, the Gross Domestic Product (GDP) in Algeria declined by 3.9 percent compared to the same quarter of the previous year. The quality of economic data across Asia-Pacific region varies considerably across countries, mainly as a result of lack of statistical capacity. Direct access to our calendar releases and historical data. NOTE: 1) The information regarding Algeria on this page is re-published from the 2020 World Fact Book of the United States Central Intelligence Agency and other sources. All news about Algeria At a Glance 2021 Projected Real GDP (% Change) : 2.9 The economic panorama remains subdued in the second half of the year, amid the twin impact of pandemic-induced restrictions and tumbling oil revenues. Oil output slumped again in Q3, remaining close to July’s two-decade low level in August and September, thus weighing on government finances. Algeria The Human Capital Index (HCI) database provides data at the country level for each of the components of the Human Capital Index as well as for the overall index, disaggregated by gender. Algeria Coronavirus COVID-19 Deaths at 3328.00 Persons, Algeria Coronavirus COVID-19 Cases at 124104.00 Persons, Algeria Coronavirus COVID-19 Vaccination Total at 75000.00 doses, Algeria Coronavirus COVID-19 Vaccination Rate at 0.17 doses per 100 people, Algeria Coronavirus COVID-19 Recovered at 86554.00 Persons, Algeria Steel Production at 35.00 Thousand Tonnes, Algeria Balance of Trade at -1400.00 USD Million, Algeria Current Account at -2.97 USD Billion, Algeria Changes in Inventories at 787200.00 DZD Million, Algeria Competitiveness Index at 56.25 Points, Eurozone Investor Morale Strongest since 2000, German Investor Morale at Over 20-Year High, Hungary Inflation Rate Surges to Near 8-1/2-Year High of 5.1%, Czech April Inflation Rate Quickens to 7-Month High, Turkey Retail Sales Growth at Decade High, Italy Industrial Output Falls Unexpectedly in March. 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