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

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

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TGM StatBox. (2024). Services Sector Contribution to GDP in Algeria (1990-2022). TGM StatBox.
Chart Details
Data Source: World Development Indicators.
Timeframe: 1990-2022
Country: Algeria
Published date: 2024
Note: Services (% of GDP), according to World Development Indicators, measures the contribution of the services sector (such as retail, finance, healthcare, and tourism) to a country's GDP.
Key Takeaways
Algeria's services sector saw significant growth from 39% in 1999 to a high of 49.5% in 2020. The rise reflects diversification efforts away from hydrocarbons, focusing more on tourism and finance. However, a recent decline to 38.6% by 2022 suggests challenges in sustaining this shift, possibly due to economic strains affecting domestic services consumption.

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