In which fields is the partnership between the UK and Algeria most efficient?
Economy
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Interviews & Viewpoints | Lord Richard Risby of Haverhill, Special Envoy of the UK Prime Minister in Algeria: Interview from The Report: Algeria 2017
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Despite the collapse of oil weighing heavily on the Algerian economy, it is still the largest and most prosperous in the Maghreb. Although it remains relatively closed, with foreign investors barred from taking majority stakes in local firms or projects since 2008, the private sector’s economic contribution has expanded significantly; it grew to 70% of GDP by 2015, and economic output...
Chapter | Country Profile from The Report: Algeria 2017
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...
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.
Economic update | Nigeria: Year in Review 2017
22 Jan 2018
Higher levels of energy production, supported by rising prices, underpinned a recovery in Nigeria’s economy in 2017, with further gains expected this year.