Algeria: A model of economic development according to the World Bank

Algeria is emerging as a remarkable example of economic development in North Africa, according to recent analyses by the World Bank. The country reached a major milestone in 2024 by joining the upper-middle-income category, a progression praised by the international financial institution. Algeria is one of only four countries in the world to have crossed the threshold from lower-middle to upper-middle income classification.
This significant advancement is the result of sustained efforts in economic modernization and statistical transparency. Kamel Braham, World Bank Resident Representative in Algeria, emphasizes: « The GDP rebasing has allowed for a more accurate assessment of the Algerian economy, thus reflecting its true level of economic development. » This approach demonstrates Algeria’s commitment to more transparent and efficient economic governance.
Algeria also distinguishes itself through its remarkable progress in the environmental field. The country recorded the largest global reduction in gas flaring in 2023, marking its third consecutive year of emissions reduction. This exemplary performance is part of a broader energy transition strategy, actively supported by the World Bank through technical assistance programs.
Resilience to climate change is another priority for Algeria. In collaboration with the World Bank, the country has developed a comprehensive diagnostic on climate and disaster risk management. This proactive initiative demonstrates Algeria’s willingness to protect its citizens and economy in the face of growing environmental challenges.
The partnership between Algeria and the World Bank also extends to strengthening the private sector and improving economic data collection. These joint efforts aim to support diversified and sustainable growth, essential for the country’s economic future.
The World Bank’s semi-annual economic outlook reports on Algeria have become indispensable references, attesting to the increased credibility and transparency of the country’s economy. Algeria is positioning itself as a model of economic development in the region, combining growth, transparency, and sustainability. The progress made and ongoing initiatives promise a bright future for the partnership between Algeria and the World Bank, paving the way for new opportunities for growth and sustainable development. R.E