Algeria recorded a Current Account deficit of 12.60 percent of the country's Gross Domestic Product in 2019.

Current Account to GDP in Algeria averaged 2.62 percent from 1980 until 2019, 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 May of 2020.

Current Account to GDP in Algeria is expected to reach -15.00 percent by the end of 2020, 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 -14.50 percent in 2021 and -13.00 percent in 2022, according to our econometric models.

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Algeria Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-12.60 -9.00 24.70 -16.50 1980 - 2019 percent Yearly

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 1004.00 1033.00 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 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.