Business & Economy of Algeria
Algerian Chamber of Commerce in Algiers.
Image: lionel.viroulaud
Economy of Algeria
The Algerian economy is based on the export of oil and natural gas. The country supplies large amounts of natural gas to Europe, and energy exports are the backbone of its economy.
Oil and gas account for about 95% of its export and one-third of the country's gross domestic product (GDP), despite fluctuations in world market prices.
Algeria is classified as an upper-middle-income country by the World Bank. However, poverty remains widespread and unemployment high, particularly among Algeria's youth.
The economy is dominated by the state. The Algerian government has halted the privatization of state-owned industries and imposed restrictions on imports and foreign involvement in its economy.
Starting with a Socio-Economic Recovery Plan, the Algerian authorities have now announced a reform effort to shift the economy toward a sustainable, private sector-led model and engage in a transition toward renewable energy, reduce severe imbalances in the country's macroeconomy, and protect the population's livelihoods.
[World Bank]
Banque d'Algérie
Central Bank of Algeria.
La Chambre Algérienne du Commerce et d ’Industrie
Algerian Chamber of Commerce and Industry.
L'Agence nationale du développement des investissements (ANDI) (ANDI)
Algerian National Agency of Investment Development.
Major companies in Algeria
Vintage advertising sign from 1889 from Soda brand Hamoud Boualem.
Image: Hamoud Boualem
Algérie Poste
Algeria's postal service.
Asmidal
Algerian fertilizers and pesticides.
Cevital
Cevital is a family-run agribusiness and household appliances conglomerate.
Djezzy
Djezzy is an Algerian mobile communications company. The company was founded in 2002 and belongs to the Orascom Telecom group.
Hamoud Boualem
Hamoud Boualem is an Algerian soft drink manufacturing company. The family business was founded in 1878 in Algiers by Youssef Hamoud.
Naftal
Algerian gas stations.
Saidal
Saidal Group is an Algerian pharmaceutical company created in 1982. Saidal Group is the largest pharmaceutical company in Algeria and one of the largest in Africa.
Sonatrach
The national state-owned oil company of Algeria.
Transportation
Air Algérie
Algeria's national flag carrier serves domestic airports and destinations in Europe, Africa and the Middle East.
Air Express Algeria
Air Express Algeria was founded in 2002. The services provided by the company include transportation of personnel, medical evacuation, VIP transport and light cargo.
Tassili Airlines
passenger airline, based in Algiers, owned by Sonatrach, the national state-owned oil company of Algeria.
Algiers International Airport
Houari Boumediene Airport is Algeria's principal international airport (
IATA code:
ALG).
Railroad
Société Nationale des Transports Ferroviaires (SNTF)
The SNTF is the national Railroad in Algeria.
Ferries
Algérie Ferries
Algérie Ferries is a state-owned Algerian shipping company.
Handicrafts in the Casbah of Algiers. The copperware trade is one of the oldest crafts in Algeria; it has been perpetuated around casbahs and communities devoted to that art.
Image: Nour Abdelatif