Algeria’s GDP per capita has risen four straight years since 2020, edging closer to its 2014 oil-driven peak

Key Takeaways

  • Algeria’s GDP per capita more than tripled in 25 years, rising from $1,772.9 in 2000 to $5,631.2 in 2024.
  • The 2000s boom saw rapid growth, peaking at $5,180.9 in 2008, fuelled by high oil and gas prices.
  • Between 2014 and 2016, GDP per capita fell from $6,094.7 to $4,425.0, reflecting oil price collapses and domestic fiscal strain.
  • After pandemic-era lows in 2020 ($3,743.5), Algeria rebounded to its second-highest level on record in 2024 ($5,631.2), regaining its regional standing.

Algeria’s GDP per capita trajectory between 2000 and 2024 tells a story of resource-driven growth, volatility, and resilience. Starting at $1,772.9 in 2000, the economy surged during the global commodity boom, nearly tripling by 2008 ($5,180.9) on the back of record oil revenues. Yet the nation’s heavy dependence on hydrocarbons exposed it to shocks: the 2014–2016 oil price collapse saw GDP per capita tumble by over $1,600 in just two years.

Despite these challenges, Algeria stabilised and entered a recovery phase, only briefly disrupted in 2020 by the pandemic downturn ($3,743.5). The subsequent rebound was strong, with GDP per capita climbing to $5,631.2 in 2024, its second-highest point in the series. This positions Algeria among the stronger North African economies in per capita terms, though still trailing diversified peers like South Africa.

Source:

World Bank

Period:

2000 - 2024
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