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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.

Find out more through related statistics on Algeria’s manufacturing sector share in GDP, Algeria’s population growth rate, Algeria’s military spending.

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