Economic transition or more of the same?
C2
MEDIUM RISK for entreprise
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
Updated in January 2023.
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GDP | USD 191.9 bn (World ranking 56, World Bank 2022) |
Population | 44.9mn (World ranking 34, World Bank 2022) |
Form of state | Semi-presidential Republic |
Head of state | Abdelmadjid Tebboune (President) |
Next elections |
2024, presidential |
Strengths & Weaknesses
![Strenghts](/content/onemarketing/aztrade/allianz-trade_com/en_global/economic-research/country-reports/Algeria/_jcr_content/root/parsys/wrapper/wrapper/multi_column_grid_co/grid-0-par/wrapper_copy_copy/wrapper/image.img.82.3360.png/1721230212842/plus.png)
- Top natural gas producer in Africa and second-largest reservoir in the region (after Nigeria), with reserves estimated to last 28 years at current rates of extraction
- Second-largest producer of crude oil in Africa (after Nigeria), with stable extractive environment
- Potential for renewable solar energy production and mining
- Large foreign exchange reserves and low levels of external debt mitigate external liquidity tensions
![Weaknesses](/content/onemarketing/aztrade/allianz-trade_com/en_global/economic-research/country-reports/Algeria/_jcr_content/root/parsys/wrapper/wrapper/multi_column_grid_co/grid-1-par/wrapper_copy/wrapper/image.img.82.3360.png/1721230221893/minus.png)
- Top natural gas producer in Africa and second-largest reservoir in the region (after Nigeria), with reserves estimated to last 28 years at current rates of extraction
- Second-largest producer of crude oil in Africa (after Nigeria), with stable extractive environment
- Potential for renewable solar energy production and mining
- Large foreign exchange reserves and low levels of external debt mitigate external liquidity tensions
Economic Overview
Trade structure by destination/origin
(% of total, annual 2022)
Exports | Rank | Imports |
---|---|---|
Italy
27.4%
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1 |
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Spain
12.7%
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2 |
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France
10.3%
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3 |
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Netherlands
5.5%
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4 |
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Turkey
4.7%
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5 |
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Trade structure by product
(% of total, annual 2022)
Exports | Rank | Imports |
---|---|---|
Gas, natural and manufactured
57.5%
|
1 |
8.6%
Iron and steel
|
Petroleum, petroleum products and related materials
37.3%
|
2 |
8.3%
Cereals and cereal preparations
|
Fertilizers other than group 272
0.7%
|
3 |
6.1%
Other industrial machinery and parts
|
Inorganic chemicals
0.6%
|
4 |
5.4%
Road vehicles
|
Crude fertilizers other than division 56, and crude minerals
0.6%
|
5 |
4.9%
Petroleum, petroleum products and related materials
|
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