Current Account to GDP in Algeria decreased to -10.80 percent in 2020 from -10 percent in 2019. source: Bank of Algeria

Current Account to GDP in Algeria averaged 2.34 percent from 1980 until 2020, reaching an all time high of 24.70 percent in 2006 and a record low of -16.50 percent in 2016. This page provides - Algeria Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Algeria Current Account to GDP - values, historical data and charts - was last updated on July of 2021.

Current Account to GDP in Algeria is expected to reach -8.00 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Algeria Current Account to GDP is projected to trend around -9.20 percent of GDP in 2022 and -7.00 percent of GDP in 2023, according to our econometric models.

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Algeria Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-10.80 -10.00 24.70 -16.50 1980 - 2020 percent of GDP Yearly

Algeria Trade Last Previous Highest Lowest Unit
Balance of Trade -1400.00 -2100.00 34060.00 -3170.00 USD Million [+]
Current Account -2.97 -4.02 28.95 -8.33 USD Billion [+]
Current Account to GDP -10.80 -10.00 24.70 -16.50 percent of GDP [+]
Imports 10200.00 10374.00 26250.00 2310.00 USD Million [+]
Exports 8798.00 8271.00 60300.00 1831.00 USD Million [+]
Gold Reserves 173.56 173.56 173.64 173.56 Tonnes [+]
Crude Oil Production 901.00 891.00 1427.00 775.00 BBL/D/1K [+]
Terrorism Index 2.70 3.41 7.23 2.70 [+]
Tourism Revenues 165.00 169.00 477.00 28.00 USD Million [+]
Tourist Arrivals 2371.00 2657.00 2733.00 1710.00 Thousand [+]
Foreign Direct Investment 0.32 0.27 1.85 -1.33 USD Billion [+]
External Debt 3838.00 3993.00 5859.00 3021.00 USD Million [+]


Algeria Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.