| Algeria |
| 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 eighth-largest reserves of natural gas in the world and is the fourth-largest gas exporter; it ranks 18th 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. Algeria has decreased its external debt to less than 10% of GDP after repaying its Paris Club and London Club debt in 2006. 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.
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| GDP: | purchasing power parity - $249.8 billion (2006 est.)
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| GDP - real growth rate: | 2.9% (2006 est.) |
| GDP - per capita: | purchasing power parity - $7,600 (2006 est.)
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| GDP - composition by sector: | agriculture: 8.4%
industry: 60.6%
services: 31% (2006 est.)
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| Population below poverty line: | 25% (2005 est.) |
| Household income or consumption by percentage share: | lowest 10%: 2.8%
highest 10%: 26.8% (1995)
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| Inflation rate (consumer prices): | 2.6% (2006 est.) |
| Labor force: | 9.31 million (2006 est.) |
| Labor force - by occupation: | agriculture 14%, industry 13.4%, construction and public works 10%, trade 14.6%, government 32%, other 16% (2003 est.)
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| Unemployment rate: | 30% (1999 est.) |
| Budget: | revenues: $49.91 billion
expenditures: $33.49 billion (2006 est.) |
| Industries: | petroleum, natural gas, light industries, mining, electrical, petrochemical, food processing
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| Industrial production growth rate: | 10% (2006 est.) |
| Electricity - production: | 31.91 billion kWh (2005) |
| Electricity - production by source: | fossil fuel: 99.14%
hydro: 0.86%
nuclear: 0%
other: 0% (1999) |
| Electricity - consumption: | 27.52 billion kWh (2005 est.)
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| Electricity - exports: | 275 million kWh (2005 est.) |
| Electricity - imports: | 359 million kWh (2005 est.)
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| Agriculture - products: | wheat, barley, oats, grapes, olives, citrus, fruits; sheep, cattle |
| Exports: | $53.79 billion (f.o.b., 2006 est.) |
| Exports - commodities: | petroleum, natural gas, and petroleum products 97%
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| Exports - partners: | US 27.3%, Italy 17.1%, Spain 9.4%, France 8.8%, Canada 8.2%, Belgium 4.3% (2006)
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| Imports: | $21.24 billion f.o.b. (2006 est.)
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| Imports - commodities: | capital goods, foodstuffs, consumer goods
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| Imports - partners: | France 22.1%, Italy 8.6%, China 8.6%, Germany 5.9%, Spain 5.6%, US 4.8%, Turkey 4.5% (2006)
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| Debt - external: | $4.413 billion (2006 est.) |
| Economic aid - recipient: | $370.6 million (2005 est.)
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| Currency: | Algerian dinar (DZD) |
| Currency code: | DZD |
| Exchange rates: | Algerian dinars per US dollar - 72.647 (2006), 73.276 (2005), 72.061 (2004), 77.395 (2003), 79.682 (2002) |
| Fiscal year: | calendar year |
