Economy Overview
Long-term economic challenges include diversifying the economy away from its reliance on hydrocarbon exports, bolstering the private sector, attracting foreign investment, and providing adequate jobs for younger Algerians.
Agriculture Products
wheat, barley, oats, grapes, olives, citrus, fruits; sheep, cattle
Industries
petroleum, natural gas, light industries, mining, electrical, petrochemical, food processing
Industrial Production Growth Rate
5.8% (2016 est.)
Labor Force
12.12 million (2016 est.)
Labor Force by Occupation
Agriculture: 10.8%
Industry: 30.9%
Services: 58.4% (2011 est.) (2011 est.)
Unemployment Rate
11.2% (2015 est.)
Population Below Poverty Line
23% (2006 est.)
Household Income or Consumption by Percentage Share
Lowest 10%: 2.8%
Highest 10%: 26.8% (1995)
Distribution of Family Income Gini Index
35.3 (1995)
Budget
Revenues: $45.37 billion
Expenditures: $67.48 billion (2016 est.)
Public Debt
8.8% of GDP (2015 est.)
Central Bank Discount Rate
4% (31 December 2009)
Commercial Bank Prime Lending Rate
Stock of Narrow Money
$86.45 billion (31 December 2015 est.)
Stock of Broad Money
$127.9 billion (31 December 2015 est.)
Stock of Domestic Credit
$62.35 billion (31 December 2015 est.)
Market Value of Publicly Traded Shares
$NA
Reserves of Foreign Exchange and Gold
$144.9 billion (31 December 2015 est.)
Debt External
$4.677 billion (31 December 2015 est.)
Stock of Direct Foreign Investment at Home
$25.89 billion (31 December 2015 est.)
Stock of Direct Foreign Investment Abroad
$1.95 billion (31 December 2015 est.)
Exchange Rates
77.54 (2012 est.)
