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|
% Partner Share
Petroleum oils and oils obtained from bituminou
Natural gas in gaseous state
Petroleum oils, etc, (excl. crude); preparation
Natural gas, liquefied
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Algeria Economic Statistics
Upper Middle Income
Currency in Algeria