In the years that have followed the restoration of peace and stability, Algeria has been blessed in being spared the burden of external debt, which has allowed us to invest heavily in our future. This is most evident in the roll-out of our three massive five-year development programmes, along with additional plans for the wilayas and...
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With industrial production increasing, construction projects breaking ground and transport activity rising, Algeria’s economy has benefitted from stable growth in a diverse array of sectors. However, oil and gas remain its lifeblood. The economy grew by 3.8% in real terms in 2014, according to figures from the National Office of Statistics, up from 2.8% in 2013. The IMF forecasts the figure to...
Occupying a strategic position in North Africa, with its major population centres abutting the Mediterranean and its hinterland stretching deep into the desert, Algeria is home to 39.5m people, making it the 34th-most-populous country in the world. The population is predominantly Arab-Berber, with less than 1% identifying as European. Approximately 15% of Algerians self-identify as Berber. The...
Algeria is a country rich in history and situated in a strategically important region. While its past has at times been turbulent, the last decade has been one of relative peace. Economic growth and development has followed, driven primarily by advances in the hydrocarbons sector.
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