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Algeria Business Report
General information
Source: The World Factbook - Central Intelligence Agency
Population
40,969,443 (July 2017 est.)GDP (PPP)
$632.9 billion (2017 est.)Fourth largest economy in Africa
GDP growth rate
2% (2017 est.)Low and slowing
GDP (PPP) per capita
$15,200 (2017 est.)Low
Local currency
Algerian dinar (DZD)Weak
Financial stability (Public debt)
25.8% of GDP (2017 est.)Low but increasing
Inflation
5.6% (2017 est.)High but decelerating
Language
ArabicFrench (lingua franca)
Corruption perception index (Source: Transparency International)
112/180Very high level of corruption
Duties and tax
Source: PwC World Tax Summaries 2017-2018
VAT
19% standard rate 9% applies to various basic items listed by law
Corporate Tax
26% standard rate 23% for building activities, public works, and hydraulics, as well as tourist and thermal activities, excluding travel agencies 19% for manufacturing activities
Duties
Algerian imports are subject to payment of customs duties in the following increments: duty-free, 5%, 15%, 30%, or 60%
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