Economic transition or more of the same?

C3

SENSITIVE RISK for entreprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

Updated in January 2023.

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GDP USD 167.89 bn (World ranking 57, World Bank 2021)
Population 44.62mn (World ranking 34, World Bank 2021)
Form of state Presidential Republic
Head of state Abdelmadjid Tebboune (President)
Next elections
2024, presidential
  • Second-largest producer of crude oil in Africa (after Nigeria), with relatively stable extractive environment
  • Top natural gas producer in Africa and second-largest in the region (after Nigeria), with reserves estimated to last 28 years at current rates of extraction
  • Potential for renewable solar energy production and mining
  • Large foreign exchange reserves and low levels of external debt mitigate external liquidity tensions
  • Oil and gas production is on a declining path, while installations are vulnerable to localized attacks by terrorist groups
  • Significant political and social risk, with a divided society and recent diplomatic tensions with European partners that could have an impact on trade
  • High unemployment (especially youth) and lack of economic diversification, with oil and gas accounting for 96% of exports
  • The banking sector remains dominated by state-owned institutions, which are required to finance the state budget and may create contingent liabilities

Trade structure by destination/origin

(% of total, annual 2021)

Exports Rank Imports
Italy 18.6%
1
18.3% China
Spain 15.8%
2
12.5% France
France 9.8%
3
8.1% South Africa
Netherlands 8.6%
4
7.7% Italy
United States of America 8.5%
5
7.5% Germany

Trade structure by product

(% of total, annual 2021)

Exports Rank Imports
Gas, natural and manufactured 51.7%
1
11.7% Road vehicles
Petroleum, petroleum products and related materials 42.2%
2
6.7% Iron and steel
Inorganic chemicals 3.9%
3
6.7% Cereals and cereal preparations
Fertilizers other than group 272 0.8%
4
6.5% Other industrial machinery and parts
Sugar, sugar preparations and honey 0.4%
5
5.2% Electrical machinery, apparatus and appliances, n.e.s.
Popular Risk Reports: Americas

Popular Risk Reports: Europe

Popular Risk Reports: Asia Pacific

Popular Risk Reports: Middle East

Popular Risk Reports: Africa