Algeria recorded a Current Account deficit of 5.41 USD Billion in the first quarter of 2019.

Current Account in Algeria averaged 1.58 USD Billion from 1992 until 2019, reaching an all time high of 28.95 USD Billion in the fourth quarter of 2006 and a record low of -8.33 USD Billion in the first quarter of 2016. This page provides - Algeria Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Algeria Current Account - values, historical data and charts - was last updated on July of 2020.

Current Account in Algeria is expected to be -5.70 USD Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Algeria to stand at -4.64 in 12 months time. In the long-term, the Algeria Current Account is projected to trend around -4.64 USD Billion in 2021 and -3.55 USD Billion in 2022, according to our econometric models.

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Algeria Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-5.41 -5.36 28.95 -8.33 1992 - 2019 USD Billion Quarterly

Algeria Trade Last Previous Highest Lowest Unit
Balance of Trade -2740.00 -2620.00 34060.00 -2740.00 USD Million [+]
Current Account -5.41 -5.36 28.95 -8.33 USD Billion [+]
Current Account to GDP -12.60 -9.00 24.70 -16.50 percent [+]
Imports 12120.00 13050.00 26250.00 2310.00 USD Million [+]
Exports 9380.00 10430.00 60300.00 1831.00 USD Million [+]
Gold Reserves 173.60 173.64 173.64 173.60 Tonnes [+]
Crude Oil Production 812.00 1004.00 1427.00 775.00 BBL/D/1K [+]
Terrorism Index 3.41 3.76 7.23 3.41 [+]
Tourism Revenues 207.30 203.20 324.50 203.20 USD Million [+]
Tourist Arrivals 2102.00 2039.00 2733.00 1710.00 Thousand [+]
Foreign Direct Investment 0.48 -0.34 1.85 -1.33 USD Billion [+]
External Debt 3858.00 4042.00 5859.00 3021.00 USD Million [+]


Algeria Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).