Algeria Economy

Chapter | The Guide from The Report: Algeria 2018

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Algeria is a key producer of hydrocarbons in Africa, ranking first in gas output and among the top three for oil. It depends on the sector for the majority of government revenue and nearly all exports. Despite reforms to encourage private sector development, promote diversification and attract FDI, the state plays a preponderant role, meaning that changes to government expenditure and investment continue to have a large impact on economic performance.

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The Maghreb – which principally comprises Algeria, Libya, Mauritania, Morocco and Tunisia – has been hard hit by the coronavirus, but the pandemic has also sparked innovation and driven changes in the region that many hope will outlast Covid-19.

La relance de l’investissement public et des résultats encourageants dans les secteurs hors hydrocarbures ont porté la croissance de l’économie algérienne en 2018, une tendance qui devra toutefois être confirmée en 2019 dans un contexte de ralentissement de la croissance mondiale, de volatilité des prix du pétrole et d’une légère réduction de l’investissement public.

 

Since achieving independence in 1962, Algeria has pursued an activist foreign policy, pushing interests of developing countries through the Non-Aligned Movement, as well as in groups like the G-77. Current president of the republic, Abdelaziz Bouteflika, served as the 29th president of the UN General Assembly in 1974 during his lengthy term...

 

Under its constitution, which was last amended in 2016, Algeria is a semi-presidential republic, with a president acting as head of state and a prime minister acting as head of government. Elected for a five-year term, the president is empowered to appoint the prime minister and a council of ministers, following consultation with the...

 

With similar pasts and a common mission, China and Africa have extended sympathy to and helped each other throughout the years, and together, we have embarked on a distinctive path of win-win cooperation.

 

What is Algeria’s model for growth to 2030?

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