Algeria Economy 6-1-24

The pending reduction in the price of oil in 2025 will devastate Algeria. Their history has been riddled with military take-overs since 1962. 

Nominal GDP $244.107B, Per capita GDP $4874.71, Population 45,606,480, Debt to GDP 32.6%. Inflation 33.37%, Unemployment 12%, Labor force 50%, Urban 73%, Rural 27%, Average salary $3,600/yr to $7,200/yr, Exports $54.75B, Imports $44.32B Trade deficit $10.43B. Clean water is available to 70%. Land area is 919,600 sq miles. 80% is desert.

Virtually all of Algeria's foreign-exchange earnings are derived from the export of petroleum and natural gas products, both of which are refined domestically at an increasing rate. Other exports include phosphates, vegetables, dates, tobacco, and leather goods.

Imports The top imports of Algeria are Wheat ($2.66B), Concentrated Milk ($1.62B), Corn ($988M), Iron Ore ($934M), and Soybeans ($923M), importing mostly from China ($6.27B), France ($4.69B), Italy ($2.3B), Turkey ($2.06B), and Brazil ($1.92B).

Algeria's education system includes ten years of compulsory schooling. Usually, after one year of early education, children attend primary school for five years, from the age of six to 11, and middle (or lower-secondary) school for the following four years until the age of 15.

Despite these efforts, the education system in Algeria still faces many challenges. One of the main challenges is the high dropout rate among students, particularly in rural areas. Another challenge is the lack of qualified teachers, which affects the quality of education.

While there are multiple opposition parties in Parliament, elections are distorted by fraud, and electoral processes are not transparent.

Norb Leahy, Dunwoody GA Tea Party Leader