The surplus in the current account is estimated at 8.2% of GDP while the official foreign-exchange reserves have been estimated at US $191 billion at the end of the year which could be considered as the value of imports of non-factor goods and services for more than three years.
It has been reported that the imports of Algeria is growing at an annualised rate of 6%. The country’s most recent major import commodities are the cars ($4 billion), refined petroleum ($3.6 billion), delivery trucks ($2.2 billion), wheat ($2 billion) and raw iron bars ($1.9 billion). Cars represent at least 7% of the total imports of Algeria, then followed by the refined petroleum which accounts for 6.5%. It is evident that Algeria relies heavily on imported gas and petroleum products, however, it is also considered as one of the major suppliers of cork and cattle.
Official Name (Local Language) | Al Jumhuriyah al Jaza'iriyah ad Dimuqratiyah ash Sha'biyah | Capital | Algiers | Population | 40,263,711 | Currency | Algerian Dinar | GDP | $168.3 billion | Languages | Arabic | Telephone Dial In | 213 |
46,053
4,021
170
Country
Trade
% Partner Share
China
8,318
18.06
France
4,298
9.33
Italy
3,755
8.15
Germany
3,223
7.00
Spain
3,131
6.80
Export Product
Number
Petroleum oils and oils obtained from bituminou
40%
Natural gas in gaseous state
36.1%
Petroleum oils, etc, (excl. crude); preparation
18.3%
Natural gas, liquefied
1.6%
Information
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Algeria Economic Statistics
https://www.mae.gov.dz/
Banque d'Algérie
110
9.9%
23%
5.9%
4%
$168.3 billion
$15,000
Algerian Dinar
DZD
Upper Middle Income
Currency in Algeria