Current account balance (credit less debit), Net (credits less) in Algeria
Algeria: Current account balance (credit less debit), Net (credits less) was -2.75 billion in 2024. ◆ Volatile
Current account balance (credit less debit), Net (credits less debits) in Algeria, 2005–2024
Source: International Monetary Fund.
Analysis
Algeria recorded -2.75 billion for current account balance (credit less debit), net (credits less debits) in 2024.
That represents a change of down 142.6% on the previous year and up 70.3% over ten years.
Over the whole period, current account balance (credit less debit), net (credits less debits) in Algeria peaked at 33.95 billion in 2008 and was at its lowest, -27.04 billion, in 2015.
Algeria ranks 163rd of 198 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance (credit less debit), Net (credits less) in Algeria, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 21.18 billion | — |
| 2006 | 28.92 billion | +36.6% |
| 2007 | 30.35 billion | +4.9% |
| 2008 | 33.95 billion | +11.9% |
| 2009 | 431.67 million | -98.7% |
| 2010 | 12.22 billion | +2731.0% |
| 2011 | 17.67 billion | +44.6% |
| 2012 | 12.09 billion | -31.6% |
| 2013 | 1.19 billion | -90.2% |
| 2014 | -9.26 billion | -879.9% |
| 2015 | -27.04 billion | +191.8% |
| 2016 | -26.20 billion | -3.1% |
| 2017 | -22.07 billion | -15.8% |
| 2018 | -16.91 billion | -23.4% |
| 2019 | -16.95 billion | +0.3% |
| 2020 | -18.19 billion | +7.3% |
| 2021 | -4.51 billion | -75.2% |
| 2022 | 19.45 billion | -531.0% |
| 2023 | 6.46 billion | -66.8% |
| 2024 | -2.75 billion | -142.6% |
Algeria compared with similar countries
- Algeria's -2.75 billion is below the median for upper middle income countries, which is -494.28 million, 5.6× the median. (54 countries reporting)
- Algeria's -2.75 billion is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 94.83 million. (20 countries reporting)
Biggest year-on-year movements
Years where Current account balance (credit less debit), Net (credits less) in Algeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2010 | +2731.0% | 431.67 million | 12.22 billion |
| 2014 | -879.9% | 1.19 billion | -9.26 billion |
| 2022 | +531.0% | -4.51 billion | 19.45 billion |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 22.97 billion | 431.67 million | 33.95 billion | 5 |
| 2010s | -7.53 billion | -27.04 billion | 17.67 billion | 10 |
| 2020s | 92.21 million | -18.19 billion | 19.45 billion | 5 |
Countries ranked near Algeria
- 160 South Africa -2.58 billion compare
- 161 Democratic Republic of Congo -2.72 billion compare
- 162 Saudi Arabia -2.74 billion compare
- 164 West Bank and Gaza -2.90 billion compare
- 165 Moldova -3.01 billion compare
- 166 Cyprus -3.07 billion compare
More financial sector data for Algeria
- Reserve position in the IMF, US dollar, annual growth rate 7.41 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0024 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 14.63 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 2.28 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0018 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 10.69 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 7.41 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0024 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 14.63 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 2.28 % change on previous year (2025)
Frequently asked questions
- What is current account balance (credit less debit), net (credits less debits) in Algeria?
- Current account balance (credit less debit), net (credits less debits) in Algeria was -2.75 billion in 2024, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), net (credits less debits) recorded in Algeria?
- The highest recorded value was 33.95 billion in 2008.
- What is the lowest current account balance (credit less debit), net (credits less debits) recorded in Algeria?
- The lowest recorded value was -27.04 billion in 2015.
- How does Algeria rank for current account balance (credit less debit), net (credits less debits)?
- Algeria ranks 163rd out of 198 countries with data for 2024.
- Is current account balance (credit less debit), net (credits less debits) rising or falling in Algeria?
- Over the last ten years it is up 70.3%. The long-run trend across the full record is volatile.
- Where does this Algeria data come from?
- The figures come from International Monetary Fund, published as part of Current account balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.