OUR REGIONS

North Africa - ALGERIA

Capital:

Algiers

Country Profile:

Home to the Sahara desert which covers around 80% of its land area, the Republic of Algeria gained independence from France in 1962. It is the second largest country on the African continent. Oil and gas was discovered in the 1950’s and energy exports remain the backbone of its economy, representing 60% of budget income, 30% of GDP and 95% of export earnings. In 2007 the government announced sweeping economic reforms which, if implemented, will significantly restructure the economy. It is aiming to attract foreign investment outside the energy sector, with other priorities being privatisation, banking reform and reducing government bureaucracy.

Main Trade Partners:

France, Italy, Germany, Spain, Netherlands, USA, Canada, China, Turkey, Brazil

Main Industries:

Oil & Gas, Mining, Agriculture, Food Processing, Light Manufacturing, Electrical

Population:

33,769,668 (July 2008 CIA World Factbook est.)

Area:

2,381,740 sq. km.

GDP:

224.7 bn. (2007 IMF est.)

GDP Real Growth Rate:

4.6% (2007 CIA World Factbook est.)

GDP per Capita:

$6,533 (2007 IMF est.)

GDP per Sector:

Services 30.4%, Industry 61.4%, Agriculture 8.2% (2007 CIA World Factbook est.)

Stock Market Capitalisation:

N/A

Exchange Rate:

1 Algerian Dinar = 0.016 US$ (September 2008)
1 US $ = 62.583 Algerian Dinars
 

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