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Algeria

The state dominates most areas of the Algerian economy. Gradual liberalization since the mid-1990's has opened up more of the economy to private domestic and foreign participation, but recent government actions impose stricter controls on foreign investment. Hydrocarbons are the backbone of the economy, accounting for roughly 60% of budget revenues, 30% of GDP, and over 95% of export earnings. Algeria has the eighth-largest reserves of natural gas in the world and is the fourth-largest gas exporter; it ranks 15th in oil reserves. Weak global hydrocarbon prices during 2009 contributed to a 40% drop in government r...  More..

Economy of Algeria
SOURCE: CIA - The World Factbook
Currency Algerian Dinar
Fiscal Year 01 January - 31 December
GDP (PPP) $239.6 billion (2009 est.)
GDP (per capita) $7,000 (2009 est.)
Exports $52.03 billion (2009 est.)
Imports $39.51 billion (2009 est.)
Main Industries Petroleum, Natural Gas, Light Industries, Mining, Electrical, Petrochemical, Food Processing
Exports - Commodities Petroleum, Natural Gas, and Petroleum Products 97%
Imports - Commodities Capital Goods, Foodstuffs, Consumer Goods
Exports Partners US 23.9%, Italy 15.5%, Spain 11.4%, France 8%, Netherlands 7.8%, Canada 6.8% (2008)
Imports Partners France 16.5%, Italy 11%, China 10.3%, Spain 7.4%, Germany 6.1%, US 5.5% (2008)

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