Algeria: Trade balance, percent of GDP
* indicates monthly or quarterly data series
| Algeria |
Trade balance as percent of GDP |
|---|---|
| Latest value | 4.14 |
| Year | 2023 |
| Measure | percent |
| Data availability | 1960 - 2023 |
| Average | 0.11 |
| Min - Max | -28.10 - 25.61 |
| Source | The World Bank |
The latest value from 2023 is 4.14 percent, a decline from 11.05 percent in 2022. In comparison, the world average is -3.03 percent, based on data from 137 countries. Historically, the average for Algeria from 1960 to 2023 is 0.11 percent. The minimum value, -28.1 percent, was reached in 1960 while the maximum of 25.61 percent was recorded in 2006.
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* indicates monthly or quarterly data series
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The trade balance for Algeria and other countries is calculated as the difference between the exports and imports of goods and services, as percent of GDP. A positive number means trade surplus and a negative number means trade deficit.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 115.77 | 2021 | percent |
| Trade openness | 43.68 | 2023 | percent |
| Financial openness | -1.242 | 2021 | index points |
| Exports, percent of GDP | 23.62 | 2023 | percent |
| Exports, billion dollars | 58.49 | 2023 | billion U.S. dollars |
| Growth of exports | 3.10 | 2023 | percent |
| Imports, percent of GDP | 21.03 | 2023 | percent |
| Imports, billion dollars | 49.68 | 2023 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 0.51 | 2023 | percent |
| Foreign Direct Investment, billion dollars | 1.22 | 2023 | billion U.S. dollars |
| Portfolio investment inflows, equities | 0.00 | 2013 | million dollars (current) |
| Current account, percent of GDP | 2.30 | 2023 | percent |
| Current account, in dollars | 5.42 | 2023 | billion U.S. dollars |
| Trade balance, percent of GDP | 4.14 | 2023 | percent |
| Trade balance, in dollars | 7.30 | 2023 | billion U.S. dollars |
| Reserves | 81.22 | 2023 | billion U.S. dollars |
| Remittances, percent of GDP | 0.74 | 2023 | percent |
| Remittances | 1,770.00 | 2023 | million U.S. dollars |
| Net errors and omissions | 8.76 | 2023 | million USD |
| External debt | 3.73 | 2022 | percent |
| Short-term external debt | 26.15 | 2023 | percent |
| Short-term debt to reserves | 2.36 | 2023 | percent |
| Foreign exchange reserves | 5,948.30 | 12/2021 | billion |