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

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 February of 2021.

Current Account to GDP in Algeria is expected to reach -18.00 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 -15.90 percent in 2021 and -13.70 percent in 2022, according to our econometric models.

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Algeria Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-11.40 -9.60 24.70 -16.50 1980 - 2019 percent Yearly

Algeria Trade Last Previous Highest Lowest Unit
Balance of Trade -2100.00 -2640.00 34060.00 -2730.00 USD Million [+]
Current Account -4.02 -4.01 28.95 -8.33 USD Billion [+]
Current Account to GDP -11.40 -9.60 24.70 -16.50 percent [+]
Imports 10374.00 11481.00 26250.00 2310.00 USD Million [+]
Exports 8271.00 8513.00 60300.00 1831.00 USD Million [+]
Gold Reserves 173.56 173.56 173.64 173.56 Tonnes [+]
Crude Oil Production 874.00 863.00 1427.00 775.00 BBL/D/1K [+]
Terrorism Index 2.70 3.41 7.23 2.70 [+]
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 0.27 0.27 1.85 -1.33 USD Billion [+]
External Debt 3994.00 3995.00 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.