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): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition by sector: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Distribution of family income - Gini index: Investment (gross fixed): Budget: Taxes and other revenues: Budget surplus (+) or deficit (-): Public debt: Inflation rate (consumer prices): Central bank discount rate: Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Market value of publicly traded shares: Agriculture - products: Industries: Industrial production growth rate: Electricity - production: Electricity - consumption: Electricity - exports: Electricity - imports: Oil - production: Oil - consumption: Oil - exports: Oil - imports: Natural gas - production: Natural gas - consumption: Natural gas - exports: Natural gas - imports: Natural gas - proved reserves: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Reserves of foreign exchange and gold: Debt - external: Stock of direct foreign investment - at home: Stock of direct foreign investment - abroad: Exchange rates:
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.
$264.1 billion (2011 est.)
country comparison to the world: 48
note: data are in 2011 US dollars
[see also: GDP country ranks ]
$183.4 billion (2011 est.)
[see also: GDP (official exchange rate) country ranks ]
2.9% (2011 est.)
country comparison to the world: 124
[see also: GDP - real growth rate country ranks ]
$7,200 (2011 est.)
country comparison to the world: 130
note: data are in 2011 US dollars
[see also: GDP - per capita country ranks ]
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 ]
11.13 million (2011 est.)
country comparison to the world: 47
[see also: Labor force country ranks ]
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.)
9.7% (2011 est.)
country comparison to the world: 108
[see also: Unemployment rate country ranks ]
23% (2006 est.)
[see also: Population below poverty line country ranks ]
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 ]
35.3 (1995)
country comparison to the world: 90
[see also: Distribution of family income - Gini index country ranks ]
33.6% of GDP (2011 est.)
country comparison to the world: 23
[see also: Investment (gross fixed) country ranks ]
revenues: $87.74 billion
[see also: Budget revenues country ranks ]
expenditures: $91.6 billion (2011 est.)
[see also: Budget expenditures country ranks ]
47.8% of GDP (2011 est.)
country comparison to the world: 22
[see also: Taxes and other revenues country ranks ]
-2.1% of GDP (2011 est.)
country comparison to the world: 81
[see also: Budget surplus (+) or deficit (-) country ranks ]
6.6% of GDP (2011 est.)
country comparison to the world: 129
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 ]
4% (2011 est.)
country comparison to the world: 92
[see also: Inflation rate (consumer prices) country ranks ]
4% (31 December 2010 est.)
country comparison to the world: 92
[see also: Central bank discount rate country ranks ]
8% (31 December 2011 est.)
country comparison to the world: 124
[see also: Commercial bank prime lending rate country ranks ]
$92.92 billion (31 December 2011 est.)
country comparison to the world: 35
[see also: Stock of narrow money country ranks ]
$129.7 billion (31 December 2011 est.)
country comparison to the world: 48
[see also: Stock of broad money country ranks ]
$11.8 billion (31 December 2011 est.)
country comparison to the world: 92
[see also: Stock of domestic credit country ranks ]
$NA
[see also: Market value of publicly traded shares country ranks ]
wheat, barley, oats, grapes, olives, citrus, fruits; sheep, cattle
petroleum, natural gas, light industries, mining, electrical, petrochemical, food processing
4.8% (2011 est.)
country comparison to the world: 74
[see also: Industrial production growth rate country ranks ]
40.11 billion kWh (2009 est.)
country comparison to the world: 54
[see also: Electricity - production country ranks ]
30.5 billion kWh (2008 est.)
country comparison to the world: 60
[see also: Electricity - consumption country ranks ]
323 million kWh (2008 est.)
[see also: Electricity - exports country ranks ]
49 million kWh (2008 est.)
[see also: Electricity - imports country ranks ]
2.078 million bbl/day (2010 est.)
country comparison to the world: 16
[see also: Oil - production country ranks ]
312,000 bbl/day (2010 est.)
country comparison to the world: 40
[see also: Oil - consumption country ranks ]
1.694 million bbl/day (2009 est.)
country comparison to the world: 15
[see also: Oil - exports country ranks ]
18,180 bbl/day (2009 est.)
country comparison to the world: 117
[see also: Oil - imports country ranks ]
85.14 billion cu m (2010 est.)
country comparison to the world: 10
[see also: Natural gas - production country ranks ]
29.86 billion cu m (2010 est.)
country comparison to the world: 27
[see also: Natural gas - consumption country ranks ]
55.28 billion cu m (2010 est.)
country comparison to the world: 7
[see also: Natural gas - exports country ranks ]
0 cu m (2010 est.)
country comparison to the world: 148
[see also: Natural gas - imports country ranks ]
4.502 trillion cu m (1 January 2011 est.)
country comparison to the world: 10
[see also: Natural gas - proved reserves country ranks ]
$18.12 billion (2011 est.)
country comparison to the world: 20
[see also: Current account balance country ranks ]
$78.51 billion (2011 est.)
country comparison to the world: 48
[see also: Exports country ranks ]
petroleum, natural gas, and petroleum products 97%
US 24.9%, Italy 17.5%, Spain 10%, Canada 6.3%, France 5.1%, Netherlands 5.1%, Brazil 4.3% (2010)
$49.84 billion (2011 est.)
country comparison to the world: 54
[see also: Imports country ranks ]
capital goods, foodstuffs, consumer goods
France 18%, China 10.6%, Italy 9.9%, Spain 7%, Tajikistan 4.8%, Germany 4.4% (2010)
$185.9 billion (31 December 2011 est.)
country comparison to the world: 14
[see also: Reserves of foreign exchange and gold country ranks ]
$4.421 billion (31 December 2011 est.)
country comparison to the world: 120
[see also: Debt - external country ranks ]
$24.53 billion (31 December 2011 est.)
country comparison to the world: 66
[see also: Stock of direct foreign investment - at home country ranks ]
$1.944 billion (31 December 2011 est.)
country comparison to the world: 69
[see also: Stock of direct foreign investment - abroad country ranks ]
Algerian dinars (DZD) per US dollar -
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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This page was last modified 07-Mar-12