Given the Algerian economy’s reliance on the oil and gas sector, manufacturing industries have historically taken a secondary role in the country’s economic development policies. However, since the early 2000s, industry has received renewed interest from authorities, who have been looking to counteract rising demand for imports and revamp new industrial chains as a means to support massive...
Algeria Industry
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Chapter | Industry & Mining from The Report: Algeria 2015
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.
Chapter | Industry and Retail from The Report: Algeria 2014
Overreliance on the energy sector in the last three decades has siphoned investment away from manufacturing and left Algeria with high import demand in a number of critical areas, including food supply, machinery, electronics and other consumer goods. However, in the last 10 years, Algeria has focused on developing local manufacturing industries in order to reduce its heavy import spending,...
In many ways, Algeria finds itself in an enviable economic position, particularly when compared with its regional neighbours. It holds the fourth-largest oil reserves and the second-largest natural gas reserves in Africa. Ample hydrocarbons revenue has allowed the government to channel capital into public expenditure programmes on infrastructure, health care, education, social housing and subsidies.
Chapter | Industry & Retail from The Report: Algeria 2013
Improving economic conditions are leading to strong domestic demand for products, which is in turn spurring growth in Algeria’s manufacturing and retail sectors. However, industry’s contribution to GDP decreased from 18% in the 1980s to around 5% in 2013 due to the growing role of hydrocarbons production and under-investment in the country’s manufacturing facilities. Recent government efforts,...
Considerable oil and gas revenues have provided the Algerian government with sufficient funds to embark on generous public spending programmes in nearly all sectors, leading to improvements in many of the country’s headline indicators.
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