Overview: In 2018 Algeria was the number 54 economy in the world in terms of GDP (current US$), the number 60 in total exports, the number 55 in total imports, and the number 107 most complex economy according to the Economic Complexity Index (ECI). In 2018, Algeria exported $37.9B and imported $43.3B, resulting in a negative trade balance of -$5.44B. In 2018, Algeria's exports per capita were $897 and its imports per capita were $1.03k.
In 2018 Algeria exported a total of $37.9B, making it the number 60 exporter in the world. During the last five reported years the exports of Algeria have changed by -$32.2B from $70.1B in 2013 to $37.9B in 2018.
In 2018 Algeria imported $43.3B, making it the number 55 trade destination in the world. During the last five reported years the imports of Algeria changed by -$13.4B from $56.8B in 2013 to $43.3B in 2018.
In 2016, Algeria exported $2.95B worth of services. The top services exported by Algeria in 2016 were Other business services ($1.49B), Transportation ($672M), Government services, n.i.e. ($290M), Personal travel ($209M), and Construction services ($202M).
The top services imported by Algeria in 2016 were Transportation ($3.61B), Other business services ($3.23B), Construction services ($2.28B), Government services, n.i.e. ($485M), and Personal travel ($443M).
This section shows forecasts for total product exports and imports for Algeria. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.
*The tariffs applied to imports for Algeria are:136: Most Favoured Nation duty rate treatement219: Preferential tariff for European Union countries (AA) Association Agreement247: Preferential tariff for Jordan313: Preferential tariff for the League of Arab States321: Preferential tariff for Tunisia
During the last 20 years Algeria's economy has become relatively less complex, moving from the 80th to the 107th position in the ECI rank.
These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.
The top export opportunities for Algeria according to the relatedness index, are Gold (0.027), Raw Aluminium (0.025), Crustaceans (0.024), Other Oily Seeds (0.024), and Insect Resins (0.024). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Algeria is not specialized in.
The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.
The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities.
Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.
Algeria
