Hydrocarbons wealth has underwritten Algeria’s growth for decades, allowing the country to accumulate huge foreign currency reserves and underwrite a major public spending campaign over the past 10 years. However, the dramatic drop in oil prices since mid-2014 has had an impact. Despite GDP growth of 4% in 2014, Algeria also experienced its first current account deficit since the late 1990s,...
Algeria
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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...
Chapter | Country Profile from The Report: Algeria 2015
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.
Dans le cadre d’une politique de diversification de son économie et afin de se hisser parmi les grands exportateurs de produits pharmaceutiques, les efforts déployés par l’Algérie pour attirer les investissements étrangers vers son industrie pharmaceutique semblent porter leurs fruits.
Après le lancement relativement tardif des services 3G en 2013, l'Algérie cherche maintenant à accélérer son déploiement de la 4G LTE, un test concluant ayant été mené plus tôt cette année et une série de stations de base étant en cours de construction à travers le pays.