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Economy - overview:
Algeria's economy remains dominated by the state, a legacy of the country's socialist post-independence development model. Gradual liberalization since the mid-1990s has opened up more of the economy, but in recent years Algeria has imposed new restrictions on foreign involvement in its economy and largely halted the privatization of state-owned industries. Hydrocarbons have long been the backbone of the economy, accounting for roughly 60% of budget revenues, 30% of GDP, and over 95% of export earnings. Algeria has the eighth-largest reserves of natural gas in the world and is the fourth-largest gas exporter. It ranks 16th in oil reserves. Thanks to strong hydrocarbon revenues, Algeria has a cushion of $150 billion in foreign currency reserves and a large hydrocarbon stabilization fund. In addition, Algeria's external debt is extremely low at about 1% of GDP. Algeria has struggled to develop industries outside of hydrocarbons in part because of high costs and an inert state bureaucracy. The government's efforts to diversify the economy by attracting foreign and domestic investment outside the energy sector have done little to reduce high poverty and youth unemployment rates. In 2010, Algeria began a five-year, $286 billion development program to update the country's infrastructure and provide jobs. The costly program will boost Algeria's economy in 2011 but worsen the country's budget deficit. Long-term economic challenges include diversification from hydrocarbons, relaxing state control of the economy, and providing adequate jobs for younger Algerians. |
Algeria Trade Fair Grounds |
SAFEX Algeria
Société Algérienne des Foires et Exportations
The SAFEX areas of activity are the organisation of trade fairs and exhibitions in Algeria and in foreign countries as well as the promotion of trade. The activities of SAFEX have become considerably important over the years, not only in the number of trade fairs and exhibitions that they organise and hold, but also by the number of contributors who participate in these events. |
Algeria Trade Fairs (TradeShows, Exhibitions, Conferences) |
Fairtrade Messe und Ausstellungs GmbH & Co. KG
Fairtrade organizes:
Plast Alger
International Plastics, Rubber and Composites Trade Fair
Plast Expo
International Plastics, Rubber, Composites, Packaging and Conditioning Trade Fair for Morocco and North Africa
Printpack Alger
International Printing and Packaging Technology Exhibition |
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