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Algeria's assets

 

Algeria remarkable figures
     The algerian economy is developing a lot


An extremely favourable petrol background, a strict economic policy as well as an active management of the external debt have reinforced the economical and financial situation of the country. In addition the country is engaged in a process of market economy.

 

 

The situation is improving

In 2008, the Coface raised Algeria’s short-term country risk rating (owned capital funding) from B to A4, putting it alongside Morocco and Tunisia. The banking system is still to be reformed. We remark the settlements of new international banks in Algeria.

 

 

 

Natural resources help the country to restore a growth and a trade surplus


  The economy still relies on the hydrocarbons sector, which ensures 52% of its budgetary earnings, 25% of GNP and 97% of export income.
  Algeria is at the 5th ranking position in terms of  reserves of natural gas in the world
   Algeria is at the  14th position in terms of reserves of petroleum.
  Algeria’s economy is still very vulnerable to fluctuations in the petroleum market and the dollar, which is why it is striving to diversify its economy through a policy of foreign and domestic incentives and investment out of  the hydrocarbons sector.

 

 

A market with needs: rise in industrial goods imports

  European Union countries are Algeria’s biggest customers and suppliers, ensuring 60% of transactions.
  France remains at the first rank regarding the Algeria’s suppliers .
  China came to the third rank.

 

 

Algeria is gradually finding its place in the world economy

  Gradual removal of customs restrictions
  Adjustment of trade regulations ahead of joining the WTO
  Reform of the banking system.

 

 

Added to these openings is the decision to join the Arab Free Trade Area.

Algeria: a strategic geographical position and a close market between Europe and Africa!