Current account balance (credit less debit), Net (credits less debits) in Algeria
Algeria: Current account balance (credit less debit), Net (credits less debits) 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 debits) 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% |
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 Congo, Democratic Republic of the -2.72 billion compare
- 162 Saudi Arabia -2.74 billion compare
- 164 West Bank and Gaza -2.90 billion compare
- 165 Republic of Moldova -3.01 billion compare
- 166 Cyprus -3.07 billion compare
More financial sector data for Algeria
- Net domestic credit (current LCU), per capita 600,182 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 99.19 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 15.78 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 195.30 million SDR (2025)
- Gold reserves at market value 17.80 billion SDR (2025)
- Reserves excluding gold, foreign exchange 34.63 billion SDR (2025)
- Reserves excluding gold 38.30 billion SDR (2025)
- Total reserves (gold at market value) 56.10 billion SDR (2025)
- Total reserves (gold at national valuation) 38.30 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 807.43 SDR per person (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.
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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.