here is the ranking of Algeria

here is the ranking of Algeria
here is the ranking of Algeria

Gold is an important component in central bank reserves due to its security characteristics, because unlike currencies, it is not exposed to sharp fluctuations and speculation.

Although they have not seen any change for several years, Algeria’s gold reserves remain well ranked, both regionally and globally. This is what emerges from the latest ranking of gold reserves in the world, updated in 2024, reported by the specialist site Trading Economics.

Gold reserve: Algeria first in Africa and 3rd in the Mena region

Algeria occupies a comfortable place in the ranking of gold reserves in the Arab world, in addition to its first place at the African level.

Indeed, with reserves estimated at 174 tonnes, Algeria dominates the entire African continent and comes in third position in the Middle East-North Africa (Mena) region, behind Saudi Arabia and Lebanon.

At the African level, Algeria is followed by South Africa which holds a reserve of 125 tonnes according to the same classification. In third position in the continental ranking comes Nigeria with a reserve of 21 tonnes of gold.

In the Mena region, Algeria therefore comes third, after Saudi Arabia with a reserve of 323 tonnes of gold and Lebanon with a reserve estimated at 287. After Algeria, we find Libya (147 tonnes), Iraq (138 tonnes) and Egypt (126 tonnes).

In the world ranking, dominated by the United States (8,133 tons), Germany (3,353 tons) and Italy (2,452 tons), Algeria comes in 26th position, ahead of many Arab countries including United Arab Emirates (73.63 tonnes) and Jordan (71.18 tonnes).

Algeria also dominates the Maghreb ranking, far ahead of Morocco and Tunisia

It is therefore obvious that Algeria largely dominates the ranking, in terms of gold reserves, at the Maghreb level. Neighboring countries, namely Morocco and Tunisia, only come in 62nd and 77th places respectively.

Morocco actually holds gold reserves estimated at 22.12 tonnes, while Tunisia’s reserves are at 6.84 tonnes, again according to the latest ranking of gold reserves in the world.

In addition to its gold reserves, and with a GDP of $267 billion expected for the current year, Algeria is also expected to rise to third place among major economies in Africa, behind South Africa and Egypt.

Let us also recall that a few days ago, the President of the Republic, Abdelmadjid Tebboune, announced that Algeria will reach a GDP of 400 billion dollars in two years, i.e. in 2026.

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