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Up to and including 2013, Algeria had registered a positive current account balance every year since 1999, including very large surpluses in some years. The indicator peaked at a figure of 24.7% of GDP in 2006, according to IMF figures. However, the balance was transformed into a deficit of AD1.38trn (€11.4bn), or 4.4% of GDP, in 2014, helped...

The largest economy in the Maghreb, Algeria is also the region’s wealthiest country in terms of purchasing power parity 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 encourage...

Hydrocarbons remain the mainstay of Algeria’s economy, although following the drop in oil prices since mid-2014, the government is hastening efforts to encourage investment in other sectors. The fiscal and current account deficits – both of which are relatively new phenomenon for Algeria – are expected to narrow as spending cuts, efforts to widen...

In the current context – with fiscal resources having dropped significantly as a result of the substantial recent decline in hydrocarbons tax revenues – it seems that additional government income will not be raised at the expense of the profitability of companies via an increase in corporate income tax. The solutions for enhancing tax revenues...

Algeria has attracted strong interest from foreign investors over the last few years. As a market of 40m people, which boasts substantial energy resources and maintains a steady demand for modern infrastructure supported by significant public investment, the country appears primed for significant growth in the coming years.