Page 9 - Nexia SAB&T Africa Overview 2025

Algeria (GMT +1)

General:
▪ Capital City: Algiers
▪ Official Language: Arabic and Berber
▪ Currency: Algerian Dinar (DZD)
▪ Main Exports: Petroleum, natural gas, petroleum products
▪ Surface Area: 2 381.7 sq. km (thousands)
▪ Population: 47,4 million (2025,est)
Key Economic Indicators:
▪ GDP: $268.89 billion (2025) [3rd highest GDP in Africa] / GDP Growth
Rate: 3.8% (2024)
▪ CPI Inflation Rate: 3.7% (2025)
▪ Sovereign Credit Rating: Currently no rating
▪ Indicator of Economic Freedom Score: 47.5/100 (2025): Repressed
Exchange Controls:
▪ Exist
Basis of Taxation: (Tax Year End: 31 December)
▪ Residents: Worldwide income
▪ Non-residents: Algerian-source income
Tax Rates:
▪ Individuals: Progressive rates to 35%
▪ Companies: Varying rates apply (between 19% to 26%)
▪ Inheritance and Donations Taxes: Exist
▪ VAT: 19%
▪ Withholding Tax: Varying rates apply to residents and non-residents
▪ Capital Gains Tax (CGT): Generally taxed as ordinary income
▪ Double Taxation Agreements: In place with several countries
Useful links:
▪ Central Bank of Algeria http://www.bank-of-algeria.dz
▪ ALGEX https://www.algex.dz
▪ Ministry of Finance http://www.mf.gov.dz
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