Industry Sector Contribution to GDP in Algeria (1990-2022)

Industry Sector Contribution to GDP in Algeria (1990-2022)

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TGM StatBox. (2024). Industry Sector Contribution to GDP in Algeria (1990-2022). TGM StatBox.
Chart Details
Timeframe: 1990-2022
Country: Algeria
Published date: 2024
Note: Industry (% of GDP), according to World Development Indicators, measures the contribution of the industrial sector to a country's Gross Domestic Product (GDP). This metric reflects the economic significance of manufacturing, mining, construction, and utilities, indicating the value generated by industrial activities relative to the overall economy.
Key Takeaways
Algeria’s industry sector contribution to GDP fluctuated significantly, with a peak of 58.1% in 2006, driven primarily by its oil and gas exports. However, falling global oil prices and efforts to diversify the economy saw this sector's contribution decline to 32.5% in 2020. Recovery efforts, including increased government support for industrial diversification, led to a resurgence, reaching 45.9% in 2022. Algeria’s reliance on hydrocarbons, paired with global energy price shifts, heavily influences this sector’s variability and its ongoing efforts to stabilize through economic diversification.

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