Who Owns Whom

Algeria

Country Code: 12

ISO2 Code: DZ

ISO3 Code: DZA

Country Economic Snapshot

2021-12-22

Algeria is a North African country with a 1,600km coastline on the Mediterranean. It has a GDP of US$145bn and a population of 44 million of which just over 500,000 are a diaspora in France, which was its colonial ruler. The economy is underpinned by deposits of fossil fuels and manufacture of petroleum. It founded a stock exchange in 1997 which has attracted no listings.

President Abdelmadjid Tebboune, who came to power in December 2019, has presided over the COVID-19 outbreak which led to an economic contraction of 5.5% in 2020 following growth of 1.4% in 2018 and 0.9% in 2019. The economy is expected to recover partially in 2021.

The temporary fall in global oil prices, coupled with the decline in export volumes, caused a steep fall in hydrocarbon export revenues.

Algeria’s slow pace of vaccination suggests that some containment measures could remain in place in 2022. As a result, although the hydrocarbon industry is expected to rebound in 2021, activity in the rest of the economy will be slow to recover amid employment and earnings losses and low consumer and business confidence. Starting with a Socio-Economic Recovery Plan, the Algerian authorities have announced a longstanding reform effort to shift the economy toward a sustainable, private sector-led model, transition to renewable energy, reduce severe imbalances in the country’s macroeconomy, and protect the population’s livelihoods.

In the past two decades, the hydrocarbon boom has allowed Algeria to make advances in economic and human development. Algeria is considered to have achieved universal primary education, with a 97% primary net enrolment rate in 2015 (with gender parity) and has lifted higher education enrolment rates.

Like other oil-exporting countries across the North Africa region, Algeria will need to shift toward a more diversified economy to lift job prospects in the country, which are crucial given its young demographic profile.

Info

Capital Algiers
Currency (Name, Abbreviation, Symbol) Algerian dinar , DZD , دج
Area 2,381,741 sq km
Type of Government presidential republic
Languages Arabic (official), French (lingua franca), Berber dialects: Kabylie Berber (Tamazight), Chaouia Berber (Tachawit), Mzab Berber, Tuareg Berber (Tamahaq)
Natural Resources petroleum, natural gas, iron ore, phosphates, uranium, lead, zinc
Type of Industry petroleum, natural gas, light industries, mining, electrical, petrochemical, food processing.
Stock Exchange La Societe de Gestion de la Bourse des Valeurs
Stock Exchange Location Algiers
Stock Exchange Founded 1997
Tax Rate: Corporate 26%
Tax Rate: Individual 35%
Natural Resources petroleum, natural gas, iron ore, phosphates, uranium, lead, zinc

Latest available information as sourced from:

African Markets

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KPMG Tax Tables

Company Profile

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Sector Research

CompanyName Stock Exchange Listed Date Ticker Code Country Status
Groupe Industriel SAIDAL SpA La Societe de Gestion de la Bourse des Valeurs 1999-09-00 SAIDAL Algeria Active

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