Economy of Algeria

Algeria’s economy is based mainly on oil and gas, it has the eighth-largest reserves of natural gas in the world and is the fourth-largest gas exporter; it ranks 18^th in oil reserves.

The hydrocarbon sector represents about 40–45 percent of total GDP and about two-thirds of budget revenues. Oil and gas resources account for 98 percent of the country’s exports and 70 percent of tax revenues.

The chief challenges that Algeria faces in the short and medium terms are the need to diversify the economy, strengthen political and economic reform, improve the business climate, reduce regional inequalities and create jobs. Structural reform within the economy, such as development of the banking sector and the construction of infrastructure, moves ahead slowly. According to the World Bank indicator for ease of doing business in 2015, Algeria is ranked 154 out of 183 economies.

Essential Information  

Area: 2,381,741 sq km
Capital: Algiers
Principal Towns: Oran, Constantine, Annaba, Stiff, Blida, Sidi Bel Abbes, Skikda, Batna, Tlemcen.
Languages: Arabic is the official language but French is still widely used. There are Berber-speaking minorities.
Climate: The coast has a moderate climate with temperatures ranging from 13 to 32°C. The summer months of June to September can be hot and humid with daytime temperatures registering between 27 and 32°C; these can be exceeded, for brief periods, when the hot, dry sirocco wind blows from the south
Currency: 1$ = 78.9 Algerian dinar (DZD).

DEMOGRAPHY

39,5 (Million 2015 est.) (source: IMF)

Source: CIA factbook.
 
Education
Literacy: definition: age 15 and over can read and write

NATURAL RESOURCES
petroleum, natural gas, iron ore, phosphates, uranium, lead, zinc
 
Fossil Fuel
Oil - proved reserves: 12.2 billion bbl (January 2012 est.)
Natural gas - proved reserves: 4.502 trillion cu m (1 January 2011 est.)
 
Minerals
Iron ore, phosphates, uranium, lead, zinc
Hydro-electric
0.3% of production
 
Visa Requirements:

Nationals from the following countries do not require a visa to travel to Algeria:
Libyan Arab Jamahiriya, Malaysia, Maldives, Mali, Mauritania, Morocco, Democratic Republic Sahraoui, Seychelles, Syrian Arab Republic, Tunisia, Yemen.
Non-resident foreigners must change the equivalent of AD 1,000 on entering the country.

WTO accession: Observer

Independence Day July 5

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Find the Algerian Diplomatic representation in Switzerland