Algeria Oil production Algeria Electricity production

Algeria Economy

Economy - overview:the hydrocarbons sector is the backbone of the economy. accounting for roughly 60% of budget revenues. 30% of gdp. and over 95% of export earnings. algeria has the seventh-largest reserves of natural gas in the world and is the second-largest gas exporter; it ranks 14th in oil reserves. sustained high oil prices in recent years. along with macroeconomic policy reforms supported by the imf. have helped improve algeria's financial and macroeconomic indicators. algeria is running substantial trade surpluses and building up record foreign exchange reserves. 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 standards. structural reform within the economy moves ahead slowly.

GDP (purchasing power parity) : $237 billion (2005 est.)

Inflation rate: 4.7% (2005 est.)

Labor force : 10.15 million (2005 est.)

Industries: petroleum. natural gas. light industries. mining. electrical. petrochemical. food processing

Algeria

			Over view
			Geography
			People
			Government
			Economy
			Communications
			Transportation
			Militry

Algeria More Facts

Electricity - production: 26.99 billion kwh (2003)

Oil - production: 1.373 million bbl/day (2005 est.)

Algeria More Facts

Exports: $49.59 billion f.o.b. (2005 est.)

Imports : $22.53 billion f.o.b. (2005 est.)
Currency (code) : algerian dinar (dzd)