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| Capital city: |
Algiers |
| Surface area: |
2,382,000 sq km |
| Population: |
34.4 million |
| Official language(s): |
Arabic |
| Head of State: |
H.E. President Mr Abdelaziz Bouteflika |
| Head of Government: |
H.E. Prime Minister Mr Abdelaziz Belkhadem |
| Australian exports to Algeria: |
A$85 million |
| Australian imports from Algeria: |
A$127 million |
| Algeria's principal export destinations: |
USA, Spain, France |
| Algeria's principal import sources: |
France, Italy, China | (Source: Department of Foreign Affairs and Trade - Country economic fact sheet) |
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Key economic indicators and statistics for 2008:
- GDP – US$171.3 billion
- GDP per capita – US$4,922
- Real GDP growth – 4.9 per cent
- Inflation – 4.2 per cent
(Source: Department of Foreign Affairs and Trade - Country economic fact sheet)
The current president is committed to further market reforms including privatising telecommunications and bringing investors into fixed-line and mobile phone operation systems, and allowing private investors to take up minority shares in state-owned companies and finance sectors.
Hydrocarbons are the backbone of the Algerian economy, accounting for roughly 52 per cent of budget revenues, 25 per cent of GDP, and over 95 per cent of export earnings. Algeria has the fifth largest reserves of natural gas in the world and is the second largest gas exporter; it ranks 14th for oil reserves
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Algeria gained independence from France in 1962. It is a multiparty democracy with an elected president and a 380-seat legislative house (the National Peoples’ Assembly). President Abdelaziz Bouteflika was re-elected by popular vote in 2004 for a second five-year term. |
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Trade relations and statistics
Approximately half of Algeria’s trade is with European Union (EU) members. France is the largest single trading partner, followed by Spain, Italy and Germany. The USA is Algeria’s next most important trading partner after the EU members.
Algeria belongs to the Arab Maghreb Union, along with Libya, Morocco, Mauritania and Tunisia.
Major Australian exports to Algeria (2007-08):
- Coal – A$60 million
- Cheese and curd – A$9 million
- Electrical machinery and parts – A$7 million
- Milk and cream – A$3 million
Major Australian imports from Algeria (2007-08):
- Crude petroleum – A$127 million
(Source: Department of Foreign Affairs and Trade - Country economic fact sheet) |
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