Best Algeria Trade Data For 2022 - Data Pro by CIC

Algeria, officially the People's Democratic Republic of Algeria, is a country in the Maghreb region of North Africa. It is the largest country by total area in Africa, and by extension, the Arab world. Algeria covers an area of 2,381,741 square kilometres, with a population of 44 million, and is the ninth-most populous country in Africa.
Algeria is classified as an upper middle income country by the World Bank. In recent years, the Algerian government has halted the privatization of state-owned industries and imposed restrictions on imports and foreign involvement in its economy. Thanks to strong hydrocarbon revenues, Algeria has a cushion of $173 billion in foreign currency reserves and a large hydrocarbon stabilisation fund. In addition, Algeria's external debt is extremely low at about 2% of GDP. The economy remains very dependent on hydrocarbon wealth, and, despite high foreign exchange reserves (US$178 billion, equivalent to three years of imports), current expenditure growth makes Algeria's budget more vulnerable to the risk of prolonged lower hydrocarbon revenues. Algeria has not joined the WTO, despite several years of negotiations.