| Economy - overview: | The hydrocarbons sector is the backbone of the economy, accounting for roughly 60% of budget revenues, 30% of GDP, and over 95% of export earnings. Algeria has the seventh-largest reserves of natural gas in the world and is the second-largest gas exporter; it ranks 14th in oil reserves. Sustained high oil prices in recent years, along with macroeconomic policy reforms supported by the IMF, have helped improve Algeria's financial and macroeconomic indicators. Algeria is running substantial trade surpluses and building up record foreign exchange reserves. Real GDP has risen due to higher oil output and increased government spending. The government's continued efforts to diversify the economy by attracting foreign and domestic investment outside the energy sector, however, has had little success in reducing high unemployment and improving living standards. Structural reform within the economy moves ahead slowly. |
| GDP - per capita | $7,300 (2005 est.) |
| GDP - real growth rate (%) | 7.1% (2005 est.) |
| Agriculture - products | wheat, barley, oats, grapes, olives, citrus, fruits; sheep, cattle |
| GDP - composition by sector (%) | agriculture: 10%, industry: 59.5%, services: 30.5% (2005 est.) |
| Industries | petroleum, natural gas, light industries, mining, electrical, petrochemical, food processing |
| Economic aid - recipient | $122.8 million (2002 est.) |
| Debt - external | $21.54 billion (2005 est.) |
| Population below poverty line (%) | 23% (1999 est.) |
| Labor force - by occupation (%) | agriculture 14%, industry 13.4%, construction and public works 10%, trade 14.6%, government 32%, other 16% (2003 est.) |
Environment, Land use / Resources, Economy, Population / Demographics, Infrastructure, Health -- CIA World Factbook, 2005
