National Debt (% of GDP): Algeria

Analysis# Algeria National Debt (% of GDP) Algeria's national debt stands at 62.2% of GDP in 2026, representing a significant recovery from its historic low of 6.5% in 2013. The country's debt burden remains substantially below its catastrophic 1994 peak of 106.3%, when Algeria struggled with severe economic and political crises. Overall, national debt has declined 27.8% since 1991, reflecting decades of gradual fiscal stabilization despite recent volatility. The past decade reveals a sharp reversal of Algeria's fiscal position. Between 2017 and 2026, debt surged from 24% to 62.2% of GDP, driven by declining oil revenues and pandemic-related spending pressures. The 2022-2023 period showed modest stabilization around 48%, but projections indicate continued deterioration through 2026. This upward trajectory suggests Algeria faces mounting fiscal pressures requiring structural economic reforms to prevent another debt spiral.