As is the case in many emerging markets, the Algerian insurance sector is characterised by both low penetration rates and much room for growth, particularly given the large domestic market and robust outlook for retail segments. The life segment is small and shrank in 2012 following the compulsory separation of life and non-life businesses.
Following several years of steady growth, business in the tourism industry continues to show encouraging signs. Although the number of foreign visitors is progressing only slowly, the pace of investment, particularly in hotel construction, has quickened considerably over the past five years (see Construction chapter). This can be attributed to...
Efforts to build up the tourism industry are tied to a wider strategy of diversifying the economy away from hydrocarbons. Almost two decades of low numbers of domestic and foreign tourists highlighted a number of areas for improvement necessary to achieve the government’s ambitions. It was in pursuit of this strategy that prompted the establishment...
Since the country gained independence in 1962, Algeria’s health indicators have seen a significant improvement. Life expectancy at birth currently stands at 77.3 years for women and 76.6 for men, up from an average 49 years in 1962, and the country has a vaccination coverage of 98%. Nevertheless, chronic illnesses such as cardiovascular diseases and...
After decades of heavily relying on imports to meet Algeria’s food needs, the agriculture sector has made significant strides since 2008 under the Agricultural and Rural Renewal Policy (Politique du Renouveau Agricole et Rural, PRAR). This was launched in 2008 to enhance output of key crops, stimulate rural development, strengthen training and...
With electricity consumption rising inexorably, power production almost entirely gas-based and Algeria’s leadership increasingly conscious of the need to husband exportable gas resources, the country is placing ever-greater hopes on renewable sources of energy. This is particularly the case as a means of feeding domestic demand for electricity, but...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×