Algeria is an oil-producing rather oil-exporting country. An increase in oil price increases economic growth. This study analyzes how change in real crude oil price affects the real GDP of Algeria positively. The empirical analysis involves testing the time series characteristics of the data series...
GDP $240 billion Population 45,606,480 Area 2,381,740 SQ.KM Nestled against the Mediterranean coast of North Africa, Algeria gained independence from France in 1962 following an eight-year war. It is the largest nation by area in Africa and the Arab world, and most of the country is cov...
Economic summary: GDP/PPP (2020 est.): $468.4 billion; per capita $10,700. Real growth rate: 1.4%. Inflation: 1.9%. Unemployment: 11.7%. Arable land: 3.2%. Agriculture: wheat, barley, oats, grapes, olives, citrus, fruits; sheep, cattle. Labor force: 10.859 million; agriculture 10.8%...
Adrar +00213 49; Algiers +00213 21; Annaba +00213 38; Batna +00213 33; Béchar +00213 49; Beja?a +00213 34; Beskra +00213 33; Bordj Bou Arreridj +00213 35; Chlef +00213 27; Constantine +00213 31; El Oued +00213 32; Ghardaia +00213 29; Illizi +00213 29; Jijel +00213 34; ...
Algeria relies heavily on oil and gas, which make up 60 percent of the state budget and 95 percent of total exports. After the fall in crude oil prices, which has significantly hit its finances, Algeria has been trying to diversify the economy through incentives to develop the non-petroleum...
To provide enough jobs for the millions about to enter the labor market, Algeria's economy needs to grow by more than six percent annually over the next few years. But GDP growth was a paltry 1.5 percent in 2018 and is projected to stay below two percent for the foreseeable future. ...
The Algerian economy relies heavily on oil and gas exports, which account for about 30 percent of the country's GDP, and about 95 percent of the country's total exports. Oil and gas exports also account for 40 percent of the country's revenues....
Real GDP has risen due to higher oil output and increased government spending. The government´s continued efforts to diversify the economy by attracting foreign and domestic investment outside the energy sector, however, has had little success in reducing high unemployment and improving living ...
is among the largest in Africa. However, its reliance on hydrocarbon revenues has driven efforts towards economic diversification, affecting import needs in sectors like agriculture, healthcare, and technology. Imports play a significant role in Algeria's GDP, emphasizing their impact on the overall ...
The decline in manufacturing's contribution to GDP can be attributed mainly to the legacy of centralization and inefficiency that have characterized the state enterprises controlling the sector. Algeria's manufacturing industries are beset by an oversized bureaucracy and debt, and have, as a result, ...