Source: world bank Nominal/PPP
Summary:
Algeria GDP Per Capita expanded from 1960 to 2024, increasing from $238.39 to $5,752.99 .The compound annual growth rate (CAGR) averaged 5.1% over the period. The economy recorded its peak level in 2014 and its lowest level in 1962. Growth volatility remained high. The maximum drawdown reached 48.48%, indicating the largest cyclical decline from peak levels. The country experienced 11 recession episode(s) during the observed period.
Algeria Economic Phases (1960 - 2024)
From 1960 to 2024, Algeria economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- Crisis (1961–1962) indicating severe economic downturn
- High Growth (1963–1965) indicating robust economic expansion
- High Growth (1967–1970) indicating robust economic expansion
- High Growth (1972–1980) indicating robust economic expansion
- Expansion (1992–1993) indicating steady moderate growth
- Contraction (1998–1999) indicating temporary slowdown
- High Growth (2000–2001) indicating robust economic expansion
- High Growth (2003–2008) indicating robust economic expansion
- High Growth (2010–2011) indicating robust economic expansion
- Expansion (2017–2018) indicating steady moderate growth
- High Growth (2021–2024) indicating robust economic expansion
The most remarkable growth occurred in 1974 with an increase of 48.068%, while the largest decline was in 1991 at -28.058%.