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.
Algeria Country Profile
Official Name (Local Language)
Al Jumhuriyah al Jaza'iriyah ad Dimuqratiyah ash Sha'biyah
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