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Presenting the 2025 Finance Bill in a plenary session chaired by Salah Goudjil, the speaker of the upper House, in the presence of government members, Faid emphasized that the resilience of the Algerian economy continues, which “is evident through the improvement in macroeconomic indicators that testify to the continuation of sustained growth, particularly through the activity recorded outside the hydrocarbon sector, the surplus in the balance of payments, and the accumulation of foreign exchange reserves.”

He added that “the efforts made in recent years have made it possible to put together the favourable conditions to achieve a growth rate of 4.4%, according to the closing forecasts,” while keeping the level of public debt at less than 50% of the Gross Domestic Product (GDP), which confirms the sustainability of the debt compared to the applicable international standard estimated at 60%, the minister said.

Faid estimated that Algeria’s nominal GDP, which reached nearly $267 billion in 2023, is considered “the most revealing indicator of the level of the national economy,” which allows it to rank third in Africa, after South Africa and Egypt.

He also recalled that the World Bank (WB) has revised the ranking of Algeria in its annual update of the economies of member countries, classifying it among the upper-middle-income countries, with an increase in the gross national income (GNI) per capita, from $3,900 in 2023 to $4,960 in 2024.

The WB estimated, in 2023, the GDP in purchasing power parity at around $776 billion, placing Algeria 39th in the world among 198 countries, he noted.

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