Algeria Current Account to GDP

Algeria recorded a Current Account surplus of 7 percent of the country's Gross Domestic Product in 2012. Current Account to GDP in Algeria is reported by the Bank of Algeria. Current Account to GDP in Algeria averaged 5.38 Percent from 1980 until 2012, reaching an all time high of 24.70 Percent in 2006 and a record low of -5.30 Percent in 1995. 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. This page provides - Algeria Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
7.00 9.90 24.70 -5.30 7.44 | 2014/06 1980 - 2012 Percent Yearly

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Algeria Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Balance of Trade 771.00 2013-09-15 537.00 34060.00 -260.00 -532.57 2014-06-30 USD Million [+]
Current Account -0.51 2013-09-30 -1.63 28.95 -2.24 -2.69 2014-06-30 USD Billion [+]
Crude Oil Production 1412.00 2013-10-15 1412.00 1735.00 786.00 1458.15 2013-11-30 Thousands Barrels per Day [+]
Exports 6131.00 2013-12-15 5071.00 60300.00 2896.00 5869.55 2014-06-30 USD Million [+]
Gold Reserves 173.64 2013-12-31 173.64 173.64 173.64 173.64 2014-03-31 Tonnes [+]
Imports 4743.00 2013-12-15 3892.00 26250.00 2310.00 4750.69 2014-06-30 USD Million [+]
Current Account to GDP 7.00 2012-12-31 9.90 24.70 -5.30 7.44 2014-06-30 Percent [+]
[+]


Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness 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.


RELATED NEWS

Algeria Inflation Rate at 0.90 Percent  
The inflation rate in Algeria was recorded at 0.90 percent in March of 2014. Inflation Rate in Algeria is reported by the Office National des Statistiques (ONS).
Algeria Gold Reserves at 173.64 Tonnes  
Gold Reserves in Algeria remained unchanged at 173.64 Tonnes in the fourth quarter of 2013 from 173.64 Tonnes in the third quarter of 2013. Gold Reserves in Algeria is reported by the World Gold Council.
Algeria Crude Oil Production at 1412.00 Thousands Barrels per Day  
Crude Oil Production in Algeria remained unchanged at 1412 Thousands Barrels per Day in October of 2013 from 1412 Thousands Barrels per Day in September of 2013. Crude Oil Production in Algeria is reported by the U.S. Energy Information Administration.
Algeria Producer Prices at 471.70 Index Points  
Producer Prices in Algeria increased to 471.70 Index Points in the third quarter of 2013 from 470.90 Index Points in the second quarter of 2013. Producer Prices in Algeria is reported by the Office National des Statistiques (ONS).
Algeria Changes in Inventories at 960338.20 DZD Million  
Changes in Inventories in Algeria increased to 960338.20 DZD Million in 2012 from 884815.30 DZD Million in 2011. Changes in Inventories in Algeria is reported by the Office National des Statistiques (ONS).
Algeria Consumer Spending at 5125499.20 DZD Million  
Consumer Spending in Algeria increased to 5125499.20 DZD Million in 2012 from 4470710.10 DZD Million in 2011. Consumer Spending in Algeria is reported by the Office National des Statistiques (ONS).
Algeria Exports at 6131.00 USD Million  
Exports in Algeria increased to 6131 USD Million in December of 2013 from 5071 USD Million in November of 2013. Exports in Algeria is reported by the Bank of Algeria.
Algeria GDP Constant Prices at 8992930000.00 DZD THO  
GDP Constant Prices in Algeria increased to 8992930000 DZD THO in 2012 from 8768100000 DZD THO in 2011. GDP Constant Prices in Algeria is reported by the SESRIC.
Algeria Government Spending at 515365.50 DZD Million  
Government Spending in Algeria decreased to 515365.50 DZD Million in 2012 from 641863.10 DZD Million in 2011. Government Spending in Algeria is reported by the Office National des Statistiques (ONS).
Algeria Gross Fixed Capital Formation at 4978102.40 DZD Million  
Gross Fixed Capital Formation in Algeria increased to 4978102.40 DZD Million in 2012 from 4620114.90 DZD Million in 2011. Gross Fixed Capital Formation in Algeria is reported by the Office National des Statistiques (ONS).
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