Algeria's GDP projected to exceed $317 billion by 2026, becoming North Africa's largest economy
via Algérie3602 min read
The International Monetary Fund IMF projects Algeria's Gross Domestic Product GDP to surpass $317 billion by 2026, reaching $317.17 billion, up from $285.72 billion in 2025. This growth positions Algeria as the leading economy in the Maghreb region and the fourth largest in Africa, following South Africa, Egypt, and Nigeria. The country's economic growth rate is forecast at 3.8% for 2026, exceeding the global average of 2.8%. This performance is attributed to sustained hydrocarbon revenues, the expansion of non-hydrocarbon sectors like industry, agriculture, and services, and increasing exports. The IMF also estimates Algeria's GDP based on Purchasing Power Parity PPP at $941.54 billion for 2026, with a per capita GDP of $6,628, reflecting the country's real consumption and production capacity. Key economic indicators supporting these projections include over 3% growth in 2025, more than 5% growth in non-hydrocarbon sectors, contained inflation around 1.7% over the first nine months, low debt, and a stable external position. The government aims for industrial contribution to reach 15% of GDP by 2030, up from 5% currently, signaling a move away from exclusive reliance on hydrocarbons.
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