oil rents largely contribute to its GDP.
In 2022, the value of petroleum exports from Algeria amounted to over 32 billion U.S. dollars. The value increased significantly compared to the previous year, when exports were particularly low due to the coronavirus (COVID-19) pandemic. In the period under review, the export value peaked at nearly 53.7 billion U.S. dollars in 2008, before dropping in 2009 following the global economic downturn. Algeria is among the main oil-exporting countries in Africa, and Value of petroleum exports from Algeria from 1990 to 2022 (in billion U.S. dollars)
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OPEC. (July 11, 2023). Value of petroleum exports from Algeria from 1990 to 2022 (in billion U.S. dollars) [Graph]. In Statista. Retrieved May 08, 2024, from https://www.statista.com/statistics/1180210/value-of-petroleum-exports-in-algeria/
OPEC. "Value of petroleum exports from Algeria from 1990 to 2022 (in billion U.S. dollars) ." Chart. July 11, 2023. Statista. Accessed May 08, 2024. https://www.statista.com/statistics/1180210/value-of-petroleum-exports-in-algeria/
OPEC. (2023). Value of petroleum exports from Algeria from 1990 to 2022 (in billion U.S. dollars) . Statista. Statista Inc.. Accessed: May 08, 2024. https://www.statista.com/statistics/1180210/value-of-petroleum-exports-in-algeria/
OPEC. "Value of Petroleum Exports from Algeria from 1990 to 2022 (in Billion U.S. Dollars) ." Statista, Statista Inc., 11 Jul 2023, https://www.statista.com/statistics/1180210/value-of-petroleum-exports-in-algeria/
OPEC, Value of petroleum exports from Algeria from 1990 to 2022 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1180210/value-of-petroleum-exports-in-algeria/ (last visited May 08, 2024)
Value of petroleum exports from Algeria from 1990 to 2022 (in billion U.S. dollars) [Graph], OPEC, July 11, 2023. [Online]. Available: https://www.statista.com/statistics/1180210/value-of-petroleum-exports-in-algeria/