Discover Algeria | Press area | Contact  
English Français
Registration
English Français
business-banner

August 3, 2025 | 2 months ago

  • More options

    Share on LinkedIn
    Share on Twitter

World Bank: Algeria among high-income countries

Algeria ranks among high-income countries, according to the World Bank's classification, and the Algerian economy is on the rise.

Algeria Invest
Legal Notices | Terms of Services
news-detail

In its annual update, the World Bank classifies Algeria as an upper-middle-income country for the second year running, joining a select group of eight African economies. This reclassification is the result of a comprehensive review of national economic data, including the updating of statistics in line with international standards and an increase in gross national income per capita. The Ministry of Finance attributes this development to economic growth, increased public investment and improved governance. The ranking also reflects progress in the coverage of the informal economy and public statistical methods. At the regional level, 35% of MENA countries are now classified as high-income, while the share of low-income countries in sub-Saharan Africa has fallen from 75% to 45%. The World Bank's ranking is based on gross national income per capita, adjusted for several economic indicators.

August 3, 2025 | algeria-logo

  • More options

    Share on LinkedIn
    Share on Twitter
Subscribe to the economic newsletter