This Trade Brief gives a snapshot overview of Algeria’s global economic and trading environment. It is accompanied by an infographic highlighting key economic and trade indicators and forms part of a more detailed trade report published by tralac.

Algeria is categorised as a lower-middle-income country, with a real gross domestic product (GDP) purchasing power parity (PPP) of US$ 488 billion and GDP per capita (current US$) estimated at US$ 3 691 in 2021. The country has an unemployment rate of 12.7% of the total labour force (2021 latest available data) and 31.9% among youth (aged 15 to 24). The country’s heavy reliance on hydrocarbons (Petroleum products) makes its GDP growth highly sensitive to global petroleum prices. The hydrocarbons sector accounts for about 20% of GDP and about 90% of export earnings. There is a need for Algeria to reduce its dependence on oil and other hydrocarbons and diversify its export base to reduce the country’s vulnerability to external shocks.

Readers are encouraged to quote and reproduce this material for educational, non-profit purposes, provided the source is acknowledged. All views and opinions expressed remain solely those of the authors and do not purport to reflect the views of tralac.