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Agriculture > products
wheat, barley, oats, grapes, olives, citrus, fruits; sheep, cattle |
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Aid as % of GDP
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0.3% |
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[115th of 129]
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Debt > External
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$3,957,000,000.00 |
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[100th of 136]
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Distribution of family income > Gini index
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35.3 |
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[13th of 43]
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Economic freedom
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1.75 |
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[97th of 156]
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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 14th in oil reserves. Sustained high oil prices in recent years 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, however, has had little success in reducing high unemployment and improving living standards. Structural reform within the economy, such as development of the banking sector and the construction of infrastructure, moves ahead slowly hampered by corruption and bureaucratic resistance. |
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Exports
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$60,510,000,000.00 |
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[43rd of 189]
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GDP
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$114,727,100,000.00 |
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[44th of 203]
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GDP > PPP
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$210,657,000,000.00 |
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[39th of 163]
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GDP > Real growth rate
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4.5% |
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[115th of 198]
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GINI index
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35.3
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[16th of 40]
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Gross National Income
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$51,028,000,000.00 |
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[42nd of 172]
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Human Development Index
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0.722 |
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[104th of 178]
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Income category
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Lower middle income |
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Income distribution > Richest 10%
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26.8% |
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[78th of 114]
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Population below poverty line
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25% |
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[16th of 46]
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Poverty > Share of all poor people
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0.06 % of world's poor |
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[52nd of 80]
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Public debt
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18 % of GDP |
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[98th of 121]
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Technological achievement
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0.22 |
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[55th of 68]
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Tourist arrivals
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635,000 |
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[63rd of 152]
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... View all Economy stats
SOURCES: CIA World Factbook, 28 July 2005; calculated on the basis of data on ODA from OECD (Organisation for Economic Co-operation and Development), Development Assistance Committee. 2002. DAC Online. Database. Paris.; and data on GDP from World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC; All CIA World Factbooks 18 December 2003 to 18 December 2008; The Heritage Foundation; World Development Indicators database and CIA World Factbook; World Bank. 2005. World Development Indicators 2005.; World Development Indicators database; ; Human Development Report 2006, United Nations Development Programme; ; World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC; Country Responsibilities in Achieving the Millenium Development Goals", April 8 2003, by Janice Poling; United Nations Development Program. Human Development Report 2001. New York: Oxford University Press,2001, Table A2.1. via ciesin.org; United Nations World Statistics Pocketbook and Statistical Yearbook
ALTERNATIVE NAMES:
Algeria, People's Democratic Republic of Algeria, Al Jumhuriyah al Jaza'iriyah ad Dimuqratiyah ash Sha'biyah, Al Jaza'ir, algeria b
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