| Introduction - Algeria: |
| Location - Algeria: |
| People - Algeria: |
| Government - Algeria: |
| Economy - Algeria: |
Economy overview | The hydrocarbons sector is the backbone of the economy, accounting for roughly 60% of budget revenues, 30% of GDP, and over 95% of export earnings. Algeria has the eighth-largest reserves of natural gas in the world and is the fourth-largest gas exporter; it ranks 18th in oil reserves. Sustained high oil prices in recent years, along with macroeconomic policy reforms supported by the IMF, have helped improve Algerias financial and macroeconomic indicators. Algeria is running substantial trade surpluses and building up record foreign exchange reserves. Algeria has decreased its external debt to less than 10% of GDP after repaying its Paris Club and London Club debt in 2006. Real GDP has risen due to higher oil output and increased government spending. The governments continued efforts to diversify the economy by attracting foreign and domestic investment outside the energy sector, however, has had little success in reducing high unemployment and improving living standards. Structural reform within the economy, such as development of the banking sector and the construction of infrastructure, moves ahead slowly hampered by corruption and bureaucratic resistance. |
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Gdp purchasing power parity | $250 billion (2006 est.) |
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Gdp official exchange rate | $90 billion (2006 est.) |
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Gdp real growth rate | 3% (2006 est.) |
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Gdp per capita ppp | $7,600 (2006 est.) |
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Gdp composition by sector | agriculture: 9.4%
industry: 58.1%
services: 32.5% (2006 est.) |
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Labor force | 9.31 million (2006 est.) |
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Labor force by occupation | agriculture 14%, industry 13.4%, construction and public works 10%, trade 14.6%, government 32%, other 16% (2003 est.) |
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Unemployment rate | 15.7% (2006 est.) |
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Population below poverty line | 25% (2005 est.) |
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Household income or consumption by percentage share | lowest 10%: 2.8%
highest 10%: 26.8% (1995) |
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Distribution of family income gini index | 35.3 (1995) |
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Inflation rate consumer prices | 3% (2006 est.) |
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Investment gross fixed | 23.4% of GDP (2006 est.) |
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Budget | revenues: $59.26 billion
expenditures: $49.14 billion; including capital expenditures of $5.8 billion (2006 est.) |
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Public debt | 18.6% of GDP (2006 est.) |
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Agriculture products | wheat, barley, oats, grapes, olives, citrus, fruits; sheep, cattle |
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Industries | petroleum, natural gas, light industries, mining, electrical, petrochemical, food processing |
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Industrial production growth rate | 10% (2006 est.) |
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Electricity production | 29.39 billion kWh (2004 est.) |
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Electricity consumption | 27.4 billion kWh (2004 est.) |
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Electricity exports | 230 million kWh (2004 est.) |
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Electricity imports | 300 million kWh (2004 est.) |
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Oil production | 1.373 million bbl/day (2005 est.) |
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Oil consumption | 233,000 bbl/day (2004 est.) |
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Oil exports | 1.724 million bbl/day (2004 est.) |
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Oil imports | 12,390 bbl/day (2004 est.) |
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Oil proved reserves | 11.8 billion bbl (1 January 2005 est.) |
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Natural gas production | 80.15 billion cu m (2004 est.) |
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Natural gas consumption | 19.28 billion cu m (2004 est.) |
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Natural gas exports | 60.87 billion cu m (2004 est.) |
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Natural gas imports | 0 cu m (2004 est.) |
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Natural gas proved reserves | 4.545 trillion cu m (1 January 2005 est.) |
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Current account balance | $25.8 billion (2006 est.) |
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Exports | $55.6 billion f.o.b. (2006 est.) |
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Exports commodities | petroleum, natural gas, and petroleum products 97% |
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Exports partners | US 26.7%, Italy 16.6%, Spain 9.1%, France 8.6%, Canada 7.9%, Brazil 6.5%, Belgium 4.4% (2006) |
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Imports | $27.6 billion f.o.b. (2006 est.) |
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Imports commodities | capital goods, foodstuffs, consumer goods |
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Imports partners | France 22.1%, Italy 8.6%, China 8.5%, Germany 5.9%, Spain 5.6%, US 4.8%, Turkey 4.5% (2006) |
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Reserves of foreign exchange and gold | $78 billion (2006 est.) |
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Debt external | $5 billion (2006 est.) |
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Economic aid recipient | $313 million (2004 est.) |
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Currency code | Algerian dinar (DZD) |
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Exchange rates | Algerian dinars per US dollar - 72.647 (2006), 73.276 (2005), 72.061 (2004), 77.395 (2003), 79.682 (2002) |
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| Communications - Algeria: |
| Transportation - Algeria: |
| Military - Algeria: |
This page was last updated on 16 September, 2007
