Algeria's Central Government Debt (% of GDP), 1990-2022

Algeria's debt trajectory reflects a mix of economic crises, fiscal policies, and oil market dynamics. Debt rose sharply from 69.04% in 1990 to a peak of 104.04% in 1995, driven by economic instability and falling oil prices. A recovery began in the late 1990s, with debt falling to 75.62% in 1999 and further to 8.06% in 2008, thanks to high oil revenues and aggressive debt repayment strategies.

Post-2008, the trend reversed as declining oil prices and fiscal pressures led to rising debt, peaking at 62.82% in 2021. While debt moderated slightly to 52.4% in 2022, Algeria's reliance on hydrocarbons remains a key vulnerability, underscoring the need for economic diversification.

Gain a broader perspective by reviewing Algeria’s inflation rate forecast, industry sector’s share in Algeria’s GDP, Algeria’s annual GDP estimates.