Algeria is a major producer of hydrocarbons, which are crucial contributors to the economy. It has the third-largest proven oil reserves on the continent, though it is facing substantial fiscal challenges due to the sharp fall in the international price of oil in 2014 and 2015. In contrast to many other countries in the region, Algeria has maintained its political stability, while its...
Africa Economy
Displaying 103 - 108 of 310
Chapter | Country Profile from The Report: Algeria 2017
The collapse in oil prices has weighed on the Algerian economy, giving rise to twin deficits in the budget and current account. In mid-2016 the government introduced a bold medium-term plan that targets a balanced budget by 2020, alongside a new growth model with a strategy for economic development and diversification by 2030. These moves have coincided with the private sector playing a much stronger role in the economy.
Chapter | Table of Contents from The Report: Nigeria 2017
There are no articles in this chapter. To view the table of contents, please open click the "View in online reader" link above.
This section includes information on hotels, government and other listings, alongside useful tips for visitors on topics like currency, visas, language, communications, dress, business hours and electricity.
The past few years have been difficult for Africa’s largest economy, with a fall in oil prices from more than $100 per barrel in 2014 to roughly $50 per barrel at the start of 2017 having damaging consequences for Nigeria. The fall in revenues from the country’s largest export-earner led to a slowdown in investment throughout the economy, a ballooning of federal government debt, a rise in non-...
Chapter | Country Profile from The Report: Nigeria 2017
Nigeria is the 14th-largest country in Africa, and with a population of 189m people and home to more than 250 ethnic groups, the country is rightly famed for its cultural diversity. A successful presidential election in 1999 ushered in a period of relative stability, with nearly 18 years of democratic polls. This greatly improved political situation has brought economic dividends, particularly...