Algeria, the economic powerhouse: US $ 260 billion investment program
In Algeria, considerable oil and gas revenues together with economic opening, liberalisation and privatisation have created constant GDP growth of between 3% and 6% during the past few years.
With a GDP of US$ 175 billion in 2017, estimated foreign exchange reserves (without gold) of US$ 100 billion at the end of 2017, Algeria is the economic powerhouse on the African continent, ranking fourth after Nigeria, Egypt and South Africa.
Imports have increased from US$ 38.9 billion in 2010 to US$ 47.1 billion in 2016.
Exhibitors profit from the third massive investment program worth US$ 260 billion between 2015 and 2019, which helps to develop the country’s infrastructure and to improve the living conditions for the Algerians.
Economic data Algeria
- 41.5 million (2017)
- 16th largest oil exporter and 4th largest exporter of gas in the world
- huge oil and gas reserves
- high cash reserves and minimal foreign debt
- stable government
- fast growing market for consumer and investment goods
- Public investment programs improve infrastructure and offer chances for supply
- new industrial policy to strengthen competitiveness offering chances for cooperation with foreign enterprises
- oil and gas production to be enlarged
- funding of large-scale projects state guaranteed
- considerable market for capital and consumer goods
- financial strength, young and western oriented population
- agrarian: wheat, citrus fruits, dates, vegetable, wine
- mineral: crude oil, natural gas, iron, phosphate, zinc, lead
Currency reserves without gold (billion US $):
- 2015: 156
- 2016: 115
- 2017: 100
Source: IMF / gtai