Having weathered the global economic crisis relatively easily and avoided most of the political turmoil that affected its neighbours during the Arab Spring, Algeria has continued along a steady path of economic growth and social development. In 2012 the country’s GDP reached AD15.84trn (€145.73bn), a 3.3% increase over the previous year. Algeria’s considerable oil and gas reserves, accounting for...
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Chapter | Country Profile from The Report: Algeria 2013
Covering 2.4m sq km, Algeria is the largest country in Africa, and borders the Mediterranean Sea in the north; Tunisia and Libya in the east; Niger and Mali in the south; and Mauritania, Western Sahara and Morocco in the west. Rich in oil and gas resources, which have supported relative stability in recent years, the country is also Africa’s fourth-largest economy. Algeria has strong trade ties...
As the single most populous nation in Africa, Nigeria recently overtook South Africa as the largest economy on the continent. Natural resources, oil and gas in particular, comprise the country’s single largest revenue-earner but the 170m person economy also has seen significant activity in recent years into the industrial, financial, telecoms and – as of 2013 – power sectors.
Considerable oil and gas revenues have provided the Algerian government with sufficient funds to embark on generous public spending programmes in nearly all sectors, leading to improvements in many of the country’s headline indicators.
With wide-ranging reforms set to improve the transparency of Myanmar’s public finances, the government is expected to launch a drive aimed at bringing businesses into the mainstream economy.
The stage is set for Papua New Guinea (PNG) to increase its national minimum wage next year, in a move which is seen as providing much-needed redress for the country’s labour pool.