Amid the constant change that has recently characterised North Africa, Algeria has charted a path of relative stability. This is largely due to vast oil and gas resources that have made it Africa’s fourth-largest economy. Hydrocarbons represent 31% of GDP and more than 60% of government revenue. They have also made Algeria a top exporter of...
The largest economy in the Maghreb, Algeria is also the region’s wealthiest country in terms of purchasing power parity-adjusted per capita. Hydrocarbons are the mainstay of economic activity; however, amid slowing production and exports, as well as the sharp drop in oil prices since mid-2014, the government is taking a range of measures to...
Which sectors and industries have strong potential for increasing bilateral investment?
For decades, Algeria has been decidedly non-interventionist, a stance that has helped it develop relationships with countries around the world, from Cuba to Angola to China. From the 1960s until the mid-1980s, its foreign policy was founded on the principles of national sovereignty and freedom from external influence.
In recent years, what has been the government’s philosophy regarding economic development?
Algeria occupies a unique place in North Africa and in the last 15 years has exhibited remarkable continuity in an ever-changing and sometimes volatile region. Over the past four years, the Maghreb region – which encompasses Mauritania, Morocco and Western Sahara, Algeria, Tunisia and Libya – has undergone significant changes, ranging from...
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