Algerian Economy
I. Key figures

Gross domestic product (GDP):

168, 8 billion dollars (2011)

Share of hydrocarbons in the GDP: 40-45%

Share of hydrocarbons in the budget revenue: 66%

GDP per capital: 4,187 dollars

Budget deficit:

4% of GDP in 2010 compared with 6.8% in 2009

Initial forecast prepared under the 2011 Finance Law: 3.3%

Following the adoption of the 2011 Complementary Finance Law in June, which provides for a 25% increase in public expenditure, that is an additional 23.5 billion dollars of expenditure, a budget deficit of 4,693 billion dinars is expected, which is 33.9% of gross domestic product (GDP). However, according to the Algerian Minister of Finance, the actual budget deficit should be between 10 and 11%.

Growth rate: 4 % for 2011   (6% excluding hydrocarbons)

Exchange reserves: 182.22 billion dollars (end 2011)

External debt: 4, 42 billion dollars for 2011

Inflation: 4.5% (2011)

Unemployment: 10% (2010), i.e. 1,076,000 persons unemployed

For the 20 to 34 year-old age group, the unemployment rate is 15.65%

I. Ordinances:
  • Ordinance No. 01-03 of 20 August 2001 on investment development;
  • Ordinance No. 06-08 of 15 July 2006 modifying and supplementing Ordinance No. 01-03 of 20 August 2001 on investment development;
  • Ordinance No. 09-01 of 22 July 2009 on the 2009 Complementary Finance Law.
II. Decrees:
  • Executive Decree No. 06-355 of 9 October 2006 on the powers, composition, organisation and operation of the National Investment Council;
  • Executive Decree No. 06-356 of 9 October 2006 on the powers, organisation and operation of the National Agency for Investment Development (ANDI);
  • Executive Decree No. 06-357 of 9 October 2006 on the composition, organisation and operationof the Investment Appeals Commission;
  • Executive Decree No. 07-08 of 11 January 2007 establishing the list of businesses, goods and services ineligible for the advantages defined in Ordinance No. 01-03 of 20 August 2001 on investment development

The 2010-2014 Public Investment Programme is planned within the framework of a development strategy that launched in 2001 with the Economic Recovery Programme (PSRE) 2001-2003, followed in the period 2004-2009 by a new development programme called the Economic Growth Support Programme (PSCE).

The objective from a strategic point of view is to provide the country with basic modern infrastructure and make these facilities a prime asset for attracting Foreign Direct Investment (FDI) and encouraging national investments. It is also important to develop human resources in order to strengthen the foundations of sustainable development and economic growth, which remains dependent on public spending. The third objective is to develop production capacities through public investments, particularly those related to industry and agriculture.

The 2010-2014 public investment programme was adopted by the Council of Ministers on 24 May 2010. It provides for a total investment of 21,214 billion dinars, that is 286 billion dollars.

I. Finance, customs, banks
  • Ministry of Finance: www.mf.gov.dz
  • Directorate General of Forecasting and Policies: www.dgpp.mf.gov.dz
  • Directorate General of Taxes: www.mfdgi.gov.dz
  • Directorate General of Customs: www.douane.gov.dz
  • Bank of Algeria: www.bank-of-algeria.dz
  • Foreign Bank of Algeria: www.bea.dz
  • National Bank of Algeria: www.bna.dz
  • National Fund for Savings (CNEP): www.cnepbanque.dz
  • Stock Exchange of Algiers : www.sgbv.dz
  • Commission for Organisation and Monitoring of Stock Exchange Operations: www.cosob.dz