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Facts on GDP and Economy of Algeria

 

 

GDP of Algeria (purchasing power parity):
$233.2 billion (2005 est.)
GDP of Algeria (official exchange rate):
$85.31 billion (2005 est.)
GDP of Algeria - real growth rate:
6% (2005 est.)
GDP of Algerians - per capita (PPP):
$7,200 (2005 est.)
GDP of Algerians - composition by sector:
agriculture: 10%
industry: 59.5%
services: 30.5% (2005 est.)
Labor force in Algeria:
10.15 million (2005 est.)
Labor force in Algeria - by occupation:
agriculture 14%, industry 13.4%, construction and public works 10%, trade 14.6%, government 32%, other 16% (2003 est.)
Unemployment rate of Algerians:
22.5% (2005 est.)
Population of Algeria below poverty line:
25% (2005 est.)
Household income or consumption by percentage share of Agerians:
lowest 10%: 2.8%
highest 10%: 26.8% (1995)
Distribution of Algerian family income - Gini index:
35.3 (1995)
Inflation rate of Algeria (consumer prices):
4.7% (2005 est.)
Investment in Algeria (gross fixed):
22.8% of GDP (2005 est.)
Budget of Algeria:
revenues: $42.05 billion
expenditures: $30.75 billion; including capital expenditures of $5.8 billion (2005 est.)
Public debt of Algeria:
14.8% of GDP (2005 est.)
Agriculture of Algerians - products:
wheat, barley, oats, grapes, olives, citrus, fruits; sheep, cattle
Industries in Algeria:
petroleum, natural gas, light industries, mining, electrical, petrochemical, food processing
Industrial production growth rate of Algerians:
25.5% (2005 est.)
Electricity production in Algeria:
26.99 billion kWh (2003 est.)
Electricity production by source in Algeria:
fossil fuel: 99.7%
hydro: 0.3%
nuclear: 0%
other: 0% (2001)
Electricity consumption by Algerians:
24.9 billion kWh (2003 est.)
Electricity exports of Algerians:
400 million kWh (2003 est.)
Electricity imports into Algeria:
200 million kWh (2003 est.)
Oil production by Algeria:
1.373 million bbl/day (2005 est.)
Oil consumption by Algerians:
246,000 bbl/day (2004 est.)
Oil exports by Algerians:
1.127 million bbl/day (2004 est.)
Oil imports by Algerians:
0 bbl/day (2004 est.)
Oil - proved reserves:
12.46 billion bbl (2005 est.)
Natural gas - production:
82.4 billion cu m (2003 est.)
Natural gas consumption by Algerians:
21.32 billion cu m (2003 est.)
Natural gas exports by Algerians:
57.98 billion cu m (2001 est.)
Natural gas - imports:
0 cu m (2005 est.)
Natural gas - proved reserves:
4.531 trillion cu m (2005)
Current account balance of Algeria:
$21.83 billion (2005 est.)
Exports by Algerians:
$49.59 billion f.o.b. (2005 est.)
Exports - commodities:
petroleum, natural gas, and petroleum products 97%
Exports - partners:
US 22.6%, Italy 17.2%, France 11.4%, Spain 10.1%, Canada 7.5%, Brazil 6.1%, Belgium 4.6% (2004)
Imports in Algeria:
$22.53 billion f.o.b. (2005 est.)
Imports - commodities:
capital goods, foodstuffs, consumer goods
Imports partners of Algeria:
France 30.3%, Italy 8.2%, Germany 6.5%, Spain 5.4%, US 5.2%, China 5.1%, Turkey 4.3% (2004)
Reserves of foreign exchange and gold:
$61.01 billion (2005 est.)
Debt owed by Algeria - external:
$21.54 billion (2005 est.)
Economic aid - recipient:
$122.8 million (2002 est.)
Currency (code):
Algerian dinar (DZD)
Currency code:
DZD
Exchange rates:
Algerian dinars per US dollar - 73.276 (2005), 72.061 (2004), 77.395 (2003), 79.682 (2002), 77.215 (2001)
Fiscal year:
calendar year

President Abdelaziz Bouteflika of Algeria

President Abdelaziz Bouteflika

 

Overview of the Algerian Economy

The hydrocarbons sector is the backbone of the Algerian economy, accounting for roughly 60% of budget revenues, 30% of GDP, and over 95% of export earnings.

 Algeria has the seventh-largest reserves of natural gas in the world and is the second-largest gas exporter; it ranks 14th in oil reserves.

 Sustained high oil prices in recent years, along with macroeconomic policy reforms, have helped improve Algeria's financial and macroeconomic indicators.

 Algeria is running substantial trade surpluses and building up record foreign exchange reserves.

 Real GDP has risen due to higher oil output and increased government spending.

The government's continued efforts to diversify the economy by attracting foreign and domestic investment outside the energy sector.

 

 

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