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Algeria - Trade & Marketing Information
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Algeria - key economic data 
Economy Overview:

    The hydrocarbons sector is the backbone of the economy, accounting for
    roughly 57% of government revenues, 25% of GDP, and almost all export
    earnings; Algeria has the fifth largest reserves of natural gas in the world
    and ranks fourteenth for oil. Algiers' efforts to reform one of the most
    centrally planned economies in the Arab world began after the 1986 collapse
    of world oil prices plunged the country into a severe recession. In 1989,
    the government launched a comprehensive, IMF-supported program to achieve
    macroeconomic stabilization and to introduce market mechanisms into the
    economy. Despite substantial progress toward macroeconomic adjustment, in
    1992 the reform drive stalled as Algiers became embroiled in political
    turmoil. In September 1993, a new government was formed, and one priority
    was the resumption and acceleration of the structural adjustment process.
    Buffeted by the slump in world oil prices and burdened with a heavy foreign
    debt, Algiers concluded a one-year standby arrangement with the IMF in April
    1994.

National product:
    GDP - purchasing power parity - $97.1 billion (1994 est.)
National product real growth rate:
    0.2% (1994 est.)
National product per capita:
    $3,480 (1994 est.)
Inflation rate (consumer prices):
    30% (1994 est.)
Unemployment rate:
    30% (1994 est.)
Budget:
  revenues:
    $14.3 billion
  expenditures:
    $17.9 billion (1995 est.)



Industrial production:

    growth rate NA%; accounts for 35% of GDP (including hydrocarbons)
Electricity:
  capacity:
    5,370,000 kW
  production:
    18.3 billion kWh
  consumption per capita:
    587 kWh (1993)

Economic Activity
Industries:

    petroleum, light industries, natural gas, mining, electrical, petrochemical,
    food processing



Agriculture:
    accounts for 12% of GDP (1993) and employs 22% of labor force; products-
    wheat, barley, oats, grapes, olives, citrus, fruits, sheep, cattle; net
    importer of food - grain, vegetable oil, sugar
Algeria - key foreign trade data 


Exports:

    $9.1 billion (f.o.b., 1994)
  Commodities:
    petroleum and natural gas 97%
   Major Trade Partners::
    Italy 21%, France 16%, US 14%, Germany 13%, Spain 9%


Imports:

    $9.2 billion (f.o.b., 1994 est.)
  Commodities:
    capital goods 39.7%, food and beverages 21.7%, consumer goods 11.8% (1990)
   Major Trade Partners::
    France 29%, Italy 14%, Spain 9%, US 9%, Germany 7%
External debt:
    $26 billion (1994)
Algeria - Trade, Industry & Marketing information

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