Africa > Algeria > Economy

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Agriculture > products wheat, barley, oats, grapes, olives, citrus, fruits; sheep, cattle
Aid as % of GDP	0.3%		[115th of 129]
Definition: Economy > Aid as % of GDP
Debt > External	$3,957,000,000.00		[100th of 136]
Definition: Economy > Debt > External
Distribution of family income > Gini index	35.3		[13th of 43]
Definition: Economy > Distribution of family income > Gini index
Economic freedom	1.75		[97th of 156]
Definition: Economy > Economic freedom
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.
Definition: Economy > Economy > Overview
Exports	$60,510,000,000.00		[43rd of 189]
Definition: Economy > Exports
GDP	$114,727,100,000.00		[44th of 203]
Definition: Economy > GDP
GDP > PPP	$210,657,000,000.00		[39th of 163]
Definition: Economy > GDP > PPP
GDP > Real growth rate	4.5%		[115th of 198]
Definition: Economy > GDP > Real growth rate
GINI index	35.3		[16th of 40]
Definition: Economy > GINI index
Gross National Income	$51,028,000,000.00		[42nd of 172]
Definition: Economy > Gross National Income
Human Development Index	0.722		[104th of 178]
Definition: Economy > Human Development Index
Income category	Lower middle income
Definition: Economy > Income category
Income distribution > Richest 10%	26.8%		[78th of 114]
Definition: Economy > Income distribution > Richest 10%
Population below poverty line	25%		[16th of 46]
Definition: Economy > Population below poverty line
Poverty > Share of all poor people	0.06 % of world's poor		[52nd of 80]
Definition: Economy > Poverty > Share of all poor people
Public debt	18 % of GDP		[98th of 121]
Definition: Economy > Public debt
Technological achievement	0.22		[55th of 68]
Definition: Economy > Technological achievement
Tourist arrivals	635,000		[63rd of 152]
Definition: Economy > Tourist arrivals

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