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Algeria Economy 2012

SOURCE: 2012 CIA WORLD FACTBOOK AND OTHER SOURCES











Algeria Economy 2012
SOURCE: 2012 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on February 15,

Economy - overview:
Algeria's economy remains dominated by the state, a legacy of the country's socialist post-independence development model. In recent years the Algerian Government has halted the privatiazation of state-owned industries and imposed restrictions on imports and foreign involvement in its economy. Hydrocarbons have long been the backbone of the economy, accounting for roughly 60% of budget revenues, 30% of GDP, and over 95% of export earnings. Algeria has the tenth-largest reserves of natural gas in the world and is the sixth-largest gas exporter. It ranks 16th in oil reserves. Thanks to strong hydrocarbon revenues, Algeria has a cushion of $173 billion in foreign currency reserves and a large hydrocarbon stabilization fund. In addition, Algeria's external debt is extremely low at about 2% of GDP. Algeria has struggled to develop industries outside of hydrocarbons in part because of high costs and an inert state bureaucracy. The government's efforts to diversify the economy by attracting foreign and domestic investment outside the energy sector have done little to reduce high youth unemployment rates or to address housing shortages. A wave of economic protests in February and March 2011 prompted the Algerian Government to offer more than $23 billion in public grants and retroactive salary and benefit increases. Public spending has increased by 27% annually during the past five years. Long-term economic challenges include diversification from hydrocarbons, relaxing state control of the economy, and providing adequate jobs for younger Algerians.

GDP (purchasing power parity):
$264.1 billion (2011 est.)
country comparison to the world: 48

$256.7 billion (2010 est.)
$248.7 billion (2009 est.)
note: data are in 2011 US dollars
[see also: GDP country ranks ]

GDP (official exchange rate):
$183.4 billion (2011 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
2.9% (2011 est.)
country comparison to the world: 124

3.3% (2010 est.)
2.4% (2009 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$7,200 (2011 est.)
country comparison to the world: 130

$7,100 (2010 est.)
$7,000 (2009 est.)
note: data are in 2011 US dollars
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: 8.1%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 61.6%
[see also: GDP - composition by sector - industry country ranks ]
services: 30.2% (2011 est.)
[see also: GDP - composition by sector - services country ranks ]

Labor force:
11.13 million (2011 est.)
country comparison to the world: 47
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 14%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 13.4%
[see also: Labor force - by occupation - industry country ranks ]
construction and public works: 10%
trade: 14.6%
government: 32%
other: 16% (2003 est.)

Unemployment rate:
9.7% (2011 est.)
country comparison to the world: 108

10% (2010 est.)
[see also: Unemployment rate country ranks ]

Population below poverty line:
23% (2006 est.)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 2.8%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 26.8% (1995)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Distribution of family income - Gini index:
35.3 (1995)
country comparison to the world: 90
[see also: Distribution of family income - Gini index country ranks ]

Investment (gross fixed):
33.6% of GDP (2011 est.)
country comparison to the world: 23
[see also: Investment (gross fixed) country ranks ]

Budget:
revenues: $87.74 billion
[see also: Budget revenues country ranks ]
expenditures: $91.6 billion (2011 est.)
[see also: Budget expenditures country ranks ]

Taxes and other revenues:
47.8% of GDP (2011 est.)
country comparison to the world: 22
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-2.1% of GDP (2011 est.)
country comparison to the world: 81
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
6.6% of GDP (2011 est.)
country comparison to the world: 129

6.6% of GDP (2010 est.)
note: data cover central government debt; the data include debt issued by subnational entities, as well as intra-governmental debt
[see also: Public debt country ranks ]

Inflation rate (consumer prices):
4% (2011 est.)
country comparison to the world: 92

3.9% (2010 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
4% (31 December 2010 est.)
country comparison to the world: 92

4% (31 December 2009 est.)
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
8% (31 December 2011 est.)
country comparison to the world: 124

8% (31 December 2010 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$92.92 billion (31 December 2011 est.)
country comparison to the world: 35

$75.24 billion (31 December 2010 est.)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$129.7 billion (31 December 2011 est.)
country comparison to the world: 48

$108.9 billion (31 December 2010 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$11.8 billion (31 December 2011 est.)
country comparison to the world: 92

$12.18 billion (31 December 2010 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$NA
[see also: Market value of publicly traded shares country ranks ]

Agriculture - products:
wheat, barley, oats, grapes, olives, citrus, fruits; sheep, cattle

Industries:
petroleum, natural gas, light industries, mining, electrical, petrochemical, food processing

Industrial production growth rate:
4.8% (2011 est.)
country comparison to the world: 74
[see also: Industrial production growth rate country ranks ]

Electricity - production:
40.11 billion kWh (2009 est.)
country comparison to the world: 54
[see also: Electricity - production country ranks ]

Electricity - consumption:
30.5 billion kWh (2008 est.)
country comparison to the world: 60
[see also: Electricity - consumption country ranks ]

Electricity - exports:
323 million kWh (2008 est.)
[see also: Electricity - exports country ranks ]

Electricity - imports:
49 million kWh (2008 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
2.078 million bbl/day (2010 est.)
country comparison to the world: 16
[see also: Oil - production country ranks ]

Oil - consumption:
312,000 bbl/day (2010 est.)
country comparison to the world: 40
[see also: Oil - consumption country ranks ]

Oil - exports:
1.694 million bbl/day (2009 est.)
country comparison to the world: 15
[see also: Oil - exports country ranks ]

Oil - imports:
18,180 bbl/day (2009 est.)
country comparison to the world: 117
[see also: Oil - imports country ranks ]

Natural gas - production:
85.14 billion cu m (2010 est.)
country comparison to the world: 10
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
29.86 billion cu m (2010 est.)
country comparison to the world: 27
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
55.28 billion cu m (2010 est.)
country comparison to the world: 7
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
0 cu m (2010 est.)
country comparison to the world: 148
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
4.502 trillion cu m (1 January 2011 est.)
country comparison to the world: 10
[see also: Natural gas - proved reserves country ranks ]

Current account balance:
$18.12 billion (2011 est.)
country comparison to the world: 20

$12.76 billion (2010 est.)
[see also: Current account balance country ranks ]

Exports:
$78.51 billion (2011 est.)
country comparison to the world: 48

$57.19 billion (2010 est.)
[see also: Exports country ranks ]

Exports - commodities:
petroleum, natural gas, and petroleum products 97%

Exports - partners:
US 24.9%, Italy 17.5%, Spain 10%, Canada 6.3%, France 5.1%, Netherlands 5.1%, Brazil 4.3% (2010)

Imports:
$49.84 billion (2011 est.)
country comparison to the world: 54

$38.38 billion (2010 est.)
[see also: Imports country ranks ]

Imports - commodities:
capital goods, foodstuffs, consumer goods

Imports - partners:
France 18%, China 10.6%, Italy 9.9%, Spain 7%, Tajikistan 4.8%, Germany 4.4% (2010)

Reserves of foreign exchange and gold:
$185.9 billion (31 December 2011 est.)
country comparison to the world: 14

$162.9 billion (31 December 2010 est.)
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$4.421 billion (31 December 2011 est.)
country comparison to the world: 120

$4.344 billion (31 December 2010 est.)
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$24.53 billion (31 December 2011 est.)
country comparison to the world: 66

$21.03 billion (31 December 2010 est.)
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$1.944 billion (31 December 2011 est.)
country comparison to the world: 69

$1.844 billion (31 December 2010 est.)
[see also: Stock of direct foreign investment - abroad country ranks ]

Exchange rates:
Algerian dinars (DZD) per US dollar -

72.51 (2011 est.)
74.39 (2010 est.)
72.65 (2009)
63.25 (2008)
69.9 (2007)


NOTE: 1) The information regarding Algeria on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Algeria Economy 2012 information contained here. All suggestions for corrections of any errors about Algeria Economy 2012 should be addressed to the CIA.
2) The rank that you see is the CIA reported rank, which may habe the following issues:
  a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
  b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order






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