Economy of Algeria (2017)
|
GDP (billion $)
|
172
|
Inflation rate (%)
|
5,5
|
|
Economic growth (%)
|
2,3
|
Unemployment rate (%)
|
11,1
|
|
Population (million)
|
42,2
|
Exports (billion USD)
|
30,02
|
|
Population growth rate (%)
|
2,1
|
Imports (billion USD)
|
45,95
|
|
GDP per capita(USD)
|
4.069
|
|
|
Resource: Turkish Embassy in Algeria, EIU
Main trade partners:
China, France, Italy
Main export items:
Mineral fuels, fertilizers, inorganic chemicals, sugar and sugar products,
organic chemicals
Main import items:
Machines, road transport vehicles, electrical and electronic equipment,
grains, iron and steel
Bilateral Trade Statistics:
|
Year
|
2014
|
2015
|
2016
|
2017
|
2018 (Excluding petroleum and derivatives)
|
|
Export
|
2,083
|
1,826
|
1,737
|
1,713
|
2,031
|
|
Import
|
2,642
|
1,919
|
1,347
|
1,762
|
1,137
|
|
Volume
|
4,721
|
3,745
|
3,083
|
3,475
|
3,168
|
|
Balance
|
-0,563
|
-0,93
|
0,388
|
-0,049
|
0,894
|
Source:
Ministry of Economy
, TUİK (million $)
Main export items:
Road transport vehicles, iron and steel, machineries, textiles and
confectionery
Main import items:
Mineral fuels, sugar and products, inorganic chemicals
Number of Algerian visitors:
213.333 (2017), 265.000 (First 11 months of 2018)
Bilateral Cooperation Mechanisms:
- Joint Economic Commission (JEC): The 10th JEC
Meeting was held between 24-26thof September 2012, in Ankara.
- Business Council: The last Business Council meeting was
held on 19th
November 2014 during the presidential visit to Algeria.