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Algeria’s trade patterns have long been quite stable, with exports relying overwhelmingly (97%) on hydrocarbons and trade with the EU accounting for roughly half of the total. Bolstered by still-high oil prices into the first half of 2013, Algeria maintains beneficial terms of trade that allow it to run a consistent surplus.

After decades of heavy dependence on hydrocarbons exports, Algeria has been working to increase value-added activity and local manufacturing, reduce its import bill, provide a buffer against commodity volatility and create more employment opportunities.

Even amidst the constant change that now characterises North Africa, Algeria has charted a path of relative stability. This is largely due to its natural riches, with a vast array of oil and gas resources, that have made Algeria the fourth-largest economy on the continent after South Africa, Nigeria and Egypt, and the second-largest in North...

Long seen as a market with untapped potential, Algeria’s pharmaceuticals sector is poised to benefit from a series of investments to expand local production capacity. “The recent slate of partnerships between domestic and foreign pharmaceuticals players is a testament to the industry’s positive outlook,” Cherif Benguerba, the country manager for...

Strategically central to the larger Kabylie region, the wilaya, or province, of Béjaïa has long benefitted from the area’s agricultural richesse – a fact that is perhaps surprising given the large swathes of dense forest and mountains that cover much of the region’s interior. As a result of the difficult geography, mechanised production...

Following three years of rapid fiscal expansion, in 2013 Algeria’s government began attempting to consolidate its budget spending and raise domestic revenue. While the outlook for the non-hydrocarbons segment remains somewhat uncertain, authorities plan to continue limiting government expenditures to help guarantee the country’s fiscal...