Algeria Economy, Country Of Algeria


Algeria is a lower middle-income economies coming under the Middle East and North American region as to the classification made by the World Bank on the basis of income and region for the year 2006.

The country’s economy gets larger support from the agricultural products such as wheat, barley, potatoes, flax and tobacco. Wine and olive oil are also the major areas of concern for the country’s production. Major industries of the country are oil, light industry and food processing.

Published
Categorized as Algeria

Algeria Economic Forecast


In Algeria, nearly 60 percent of the country’s budget earnings come from the oil sector; 95 percent from export revenues, and 30 percent from GDP. Algeria currently has the eighth largest natural gas reserve in the world.

Although the country has faced economic challenges; sustained high oil and gas prices have helped the economy improve.

In addition to oil and gas reserves, Algeria has maintained a significant surplus of trade imports and exports, as well as built substantial reserves for foreign exchange.

Published
Categorized as Algeria