Thanks to an IMF report, we know the position of Algeria in terms of gross domestic product (GDP) within the ranking of the Arab world. This economic indicator is crucial to assess the production of wealth of a country, but also to determine its growth and economic development.
GDP is an essential instrument for measuring the economic performance of a country. It makes it possible to quantify the total value of wealth generated by economic operators residing within the territory. It is thus a reflection of the economic activity and growth rate of a nation. To give you a complete vision of the situation of Algeria in this field, we invite you to discover the classification of the Arab countries and the position of the country.
Algeria ranks in the top 10 Arab countries
According to a recent report published by the International Monetary Fund (IMF), Algeria ranks among the top 10 Arab countries in terms of GDP. It ranks in tenth position with a GDP of 4,480 dollars per capita. This ranking is dominated by Qatar, which is in first place thanks to a GDP of 83,890 dollars per capita, followed by the United Arab Emirates (49,450 dollars) and Kuwait (33,650 dollars).
The rest of the top 10 is made up of Saudi Arabia, Bahrain, Sultanate of Oman, Libya, Iraq and Jordan. As for Algeria’s neighbours, Tunisia ranks 11th with a GDP of 4,070 dollars per capita, while Morocco occupies 12th place with a GDP of 3,750 dollars.
This ranking reflects Algeria’s economic performance and is an encouraging indicator for the country. However, it should be emphasized that GDP does not measure the distribution of wealth or the level of well-being of the population. The challenges ahead for Algeria are therefore multiple: diversification of the economy, development of infrastructures, improvement of the quality of life and the fight against inequalities.
