Algeria, the economic powerhouse: US $ 260 billion investment program
Algeria is the largest country in Africa and the most populous in the Maghreb region.
The vast country is the leading gas producer in Africa and the second largest gas supplier for Europe. It is one of the three largest oil producers in Africa.
Considerable oil and gas revenues together with economic opening, liberalisation and privatisation have created constant GDP growth during the past few years.
With a GDP of US$ 188 billion in 2018 and estimated foreign exchange reserves (without gold) of US$ 85 billion at the end of 2018, Algeria is the economic powerhouse on the African continent, ranking fourth after Nigeria, South Africa and Egypt.
Imports have increased from US$ 38.9 billion in 2010 to US$ 46.1 billion in 2017.
Exhibitors will benefit from the third massive investment program of 260 billion US dollars for 2015 and 2019, which will be extended to the coming years and will contribute to the development of the country's infrastructure and the improvement of the living conditions of Algerians.
Economic data Algeria
- 42.3 million (2018)
- 18th largest oil exporter and 7th 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, barley, oats, grapes, olives, citrus fruits, sheep, cattle
- mineral: crude oil, natural gas, iron, phosphate, zinc, lead
Currency reserves without gold (billion US $):
- 2017: 98
- 2018: 85
- 2019: 87*
Source: IMF / GTAI Germany Trade & Invest