• Economy

    OBG provides coverage of the major macro-economic trends within local economies, including GDP growth, government budgeting, public debt, balance of payments, monetary policy and long-term development strategies.
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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?

 

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...

 

What factors have driven the increased activity of Spanish companies in Algeria?

 

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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