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The Report: Algeria 2014: Health and Education
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Having made considerable gains in health care provision over the past five decades, Algeria has been undergoing a transition in terms of its health challenges. Under the current 2009-14 five-year plan, the government had pledged $6.2bn for the establishment of new health infrastructure, including 1500 new facilities. Renovation of existing facilities is also being undertaken, coordinated with a certain…
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The Report: Algeria 2014: Tourism
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Despite its unique natural and historical heritage, Algeria’s tourism sector has long struggled to transform into an important component of the country’s economy. Nonetheless, new government incentives, along with private initiatives to expand existing hotel capacity, are helping to modernise the sector, which has historically been sidelined by government focus on other economic activities. Although…
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The Report: Algeria 2014: Agriculture
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Although agriculture’s contribution to GDP had dipped slightly from 10% in 2012, domestic output is on the rise. The Ministry of Agriculture and Rural Development estimates that the value of agricultural production increased five-fold over the last 15 years, from €4.65bn in 2001 to €23.81bn in 2013. The government has made it a priority to boost domestic production to reduce its ever-rising import…
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The Report: Algeria 2014: Telecoms and IT
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The telecoms market in Algeria has shown dynamic growth in recent years; as with many emerging markets, the mobile penetration rate has gone from zero to nearly 100% in less than 15 years and the market has demonstrated strong demand for new technologies. The long-awaited launch of 3G services in December 2013 has helped to develop new sources of growth in an increasingly saturated sector. The modernisation…
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The Report: Algeria 2014: Transport
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As a result of high oil revenues over the past decade, Algeria’s transport infrastructure has been significantly overhauled, benefitting from generous public sector spending. During the 2010-14 period, the government allocated €30.1bn to be used for road expansion and maintenance, as well as improvements in port infrastructure, with an extra €27.2bn invested in the railway sector and air transport…
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The Report: Algeria 2014: Construction and Real Estate
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Benefitting from the government’s push for transport infrastructure and public housing, and guided by a new capital-intensive five-year plan, the construction sector has been seeing constant activity. During the 2009-14 five-year period, authorities channelled $286bn to modernise transport infrastructure, expand energy production and improve urban housing. However, while the demand for construction…
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The Report: Algeria 2014: Industry and Retail
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Overreliance on the energy sector in the last three decades has siphoned investment away from manufacturing and left Algeria with high import demand in a number of critical areas, including food supply, machinery, electronics and other consumer goods. However, in the last 10 years, Algeria has focused on developing local manufacturing industries in order to reduce its heavy import spending, boost employment,…
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The Report: Algeria 2014: Financial Services
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The banking industry in Algeria is characterised by a high level of stability and ample liquidity, which owe much to the country’s robust hydrocarbons revenues. Lending to the economy has been growing strongly, albeit from a low base, and while intermediation rates are low, plans to relax a government ban on consumer credit and launch a new credit registry in 2015 should help facilitate more lending…
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The Report: Algeria 2014: Energy.
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The country boasts the fourth-largest oil reserves and second-largest natural gas reserves in Africa, but production has declined in the last decade as existing fields mature. Changes to the regulatory framework in recent years have resulted in tighter capital inflows, but the government is working to encourage new investment and exploration to bolster production, including a long-awaited revision…
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The Report: Algeria 2014: Economy
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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…