Algeria recorded a Current Account deficit of 2.80 percent of the country's Gross Domestic Product in 2021. source: Bank of Algeria

Current Account to GDP in Algeria averaged 2.16 percent of GDP from 1980 until 2021, reaching an all time high of 24.70 percent of GDP in 2006 and a record low of -16.50 percent of GDP 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 January of 2023.

Current Account to GDP in Algeria is expected to reach 6.00 percent of GDP by the end of 2022, 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 0.50 percent of GDP in 2023 and -1.00 percent of GDP in 2024, according to our econometric models.

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Algeria Current Account to GDP

Related Last Previous Unit Reference
Balance of Trade 3447.00 1879.00 USD Million Mar 2022
Current Account 4.43 4.57 USD Billion Sep 2022
Current Account to GDP -2.80 -12.90 percent of GDP Dec 2021
Exports 13144.00 11374.00 USD Million Mar 2022
Imports 9697.00 9495.00 USD Million Mar 2022
Foreign Direct Investment -0.55 0.25 USD Billion Jun 2022
External Debt 2927.00 3065.00 USD Million Jun 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-2.80 -12.90 24.70 -16.50 1980 - 2021 percent of GDP Yearly