After decades of non-alignment during the Cold War, the development of Algeria’s foreign relations has taken on a decidedly liberal economic character. The country is expanding its links with foreign partners in an effort to develop a diversified, knowledge-based economy and has also redoubled efforts to advance its bid to join the World Trade Organisation (WTO)....
Articles & Analysis | A focus on expanding economic and trade relationships from The Report: Algeria 2014
Interviews & Viewpoints | OBG talks to Fiona Woolf, Alderman and Former Lord Mayor of London from The Report: Algeria 2014
How can the UK work with Algeria to share best practices related to business environment reforms?
Interviews & Viewpoints | Prime Minister Abdelmalek Sellal on the presidential programme from The Report: Algeria 2014
Over the past few years, Algeria has made significant economic progress and achieved many positive indicators. From 2010 to 2014, the country’s GDP shows an average increase of 4%, while inflation was brought under control and is now down to around 3.5%. The unemployment rate, meanwhile, has declined significantly, from 29.5% in 2000 to 9.8% in 2013.
Articles & Analysis | Efforts to improve social indicators and boost the private sector from The Report: Algeria 2014
Algeria has notable geographic, demographic and cultural diversity. Its territory reaches from the Mediterranean Coast to the depths of the Sahara Desert, and its population includes a blend of Arab and Berber linguistic and cultural traditions. Economic development has been driven by oil and gas, which today still account for 30% of GDP, 60% of budget revenue and 97% of...
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After years of sustained high oil prices and a comparatively prudent fiscal policy – albeit balanced on a high breakeven price – Algeria has built up considerable financial buffers, which will help the country to ride out the current decline in global commodity prices. Declining oil prices have also highlighted the government’s efforts to develop the non-hydrocarbons sector, something it has...