Algeria GDP

Algeria Gross Domestic Product is worth 159 billion dollars or 0.26% of the world economy, according to the World Bank. Historically, from 1960 until 2010, Algeria's average Gross Domestic Product was 45.96 billion dollars reaching an historical high of 166.55 billion dollars in December of 2008 and a record low of 2.00 billion dollars in December of 1962 Algerian economy is highly dependent on petroleum and natural gas exports. It is estimated that hydrocarbons account for roughly 60% of budget revenues, 30% of GDP, and over 95% of export earnings. Algeria has $150 billion in foreign currency reserves and a large stabilization fund. State dominance over the economy, corruption and bureaucracy continue to hamper further development and diversification of the economy. This page includes: Algeria GDP chart, historical data, forecasts and news.

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