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GDP
2022: GDP size forecast - $0.19 trillion
2018: GDP $4,450 per capita
2017: GDP $4,034 per person
The richest entrepreneurs
Minerals
Oil production
Natural gas reserves
Power
2020: Low per capita energy consumption
and
2019: High levels of electrification
Foreign trade
Gas export
TransMed - Trans-Mediterranean gas pipeline to Italy
Main article: TransMed (Algerian to Italy gas pipeline)
GALSI Gas Pipeline Project
As part of the discussion of gas supplies from Algeria to Italy in 2023, another gas pipeline project is becoming relevant - Gasoduc Algérie-Sardaigne-Italie (GALSI) from Algeria to Sardinia and further to Italy. The total length of the pipeline worth about $6 billion was supposed to be about 800 km, and its throughput - up to 8 billion cubic meters. m of natural gas per year.
However, the project faced numerous delays due to technical, commercial and regulatory issues. Environmental organizations have also raised concerns about the pipeline's impact on marine ecosystems.
So far, the GALSI project is far from being implemented. And the existing Algeria-Italy pipeline remains the main route for Algerian gas exports to Europe.
2022: Algeria overtakes Russia in gas supplies to Europe
2021: Share of 17% in EU gas imports
Algeria and Nigeria are the largest exporters of natural gas on the African continent in 2021. Each of these countries in 2020 supplied abroad from 35 to 40 billion cubic meters of blue fuel (7th and 8th place in the world, respectively).
In 2021, these countries were the only two African gas suppliers to the European Union, accounting for 17% and 4% of EU natural gas imports, respectively.
Two pipelines at this time deliver natural gas from Algeria to Europe:
- TransMed, providing exports from Algeria to Italy (via Tunisia),
- Medgaz, connecting Algeria with Spain by sea, and
Due to diplomatic tensions with Morocco, Algeria in October 2021 closed the Maghreb-Europe Pipeline (GME), which runs through its neighbor's territory.
2019: Algeria - EU gas supplier with 8% share
2023
Exports of Russian agricultural products to Algeria increased by 81% to 2.7 million tons
According to the results of 2023, the export of Russian products of the agro-industrial complex to Algeria reached 2.7 million tons, which is 81% more than a year earlier. This is evidenced by the data published in February 2024 by the Federal State Budgetary Institution "Agroexport" under the Ministry of Agriculture of the Russian Federation.
According to the study, wheat is in first place in the volume of supplies to Algeria. In 2023, its exports amounted to 2.5 million tons - 91% more than in 2022. In monetary terms, revenue increased by 52%. In addition, in November 2023, after a 2.5-year break, supplies of barley to Algeria resumed - 57 thousand tons were shipped in the last two months.
 | If Algeria imports 8-8.5 million tons of wheat annually, then Russia in the 2022/23 season supplied 2.1 million tons (or 26% of all imports), and this season - already 1.6 million tons. And there is certainly a potential for increasing supplies, "said Eduard Zernin, chairman of the Union of Grain Exporters. |  |
Another key position of the Russian agroexport to Algeria is soybean oil. The North African country is in second place among the largest importers of this product from Russia. In 2023, deliveries amounted to 180 thousand tons (-5.7%), export revenue increased by 29%. At the same time, shipments of sunflower oil increased 2.8 times - up to 11 thousand tons (2.2 times in value).
According to Ivan Nalich, Russia's trade representative in Algeria, vegetable oils and processed products are a great potential for export growth.
| | In my opinion, in parallel with the increase and diversification of supplies of raw materials (grain, vegetable oils, milk powder), efforts should be made to find niches for finished products - confectionery, groceries, frozen products, food additives. It should be borne in mind that there are many barriers here - high customs duties and non-tariff protective measures, which will take a lot of effort to overcome, Nalich said.[1] | |
Trade with France rose to 11.8 billion euros. Algeria's surplus - 2.1 billion
The trade turnover of the two countries in 2023 reached 11.8 billion euros, an increase of 5.3% compared to 2022 (11.2 billion euros).
The growth in trade is associated with an increase in France's imports of Algerian goods - up to 7.3 billion euros (+ 8%), which are mainly represented by hydrocarbons - 6 billion euros (+ 15.3%):
- natural gas - 3.1 billion euros (+ 30.1%);
- crude oil - 2.9 billion euros (+ 5.6%).
French exports to Algeria shrank 0.5% to €4.49 billion in 2023, down from €4.51 billion in 2022. Grain sales, which have been the main item of French agroexport to Algeria since 2003, have decreased 5 times from 834 million euros in 2022 to 166 million euros in 2023.
Supplies of French industrial products to Algeria in 2023 increased by 20.5% compared to 2022 and amounted to 1.9 billion euros. Mechanical equipment in 2023 was delivered by 1 billion euros, which is + 16.9% more than in 2022 (863 million euros).
At the same time, the trade deficit between France and Algeria in 2023 amounted to 2.8 billion euros (+ 33.3%) compared to 2022 - 2.1 billion euros.
2018: Geography of export and import of goods
R&D
2020: R&D expenses - $241 million
Algeria IT Market
2022: More than 1 start-up
Agriculture
2021: Share of farmland - 17%
2019: Low use of pesticides in agriculture
2001: Main farming model - mixed
The main farming model is mixed: no watering, rain irrigation and mixed systems in arid areas. Grazing is the leading form of land use.
Unemployment
2020: Unemployment rate - 14.1%
Consumption
2023: Lamb and goat are the most consumed type of meat
2019: Low rice consumption: 3.8 kg per person per year
2018: Vegetable consumption - 193 kg per capita
See also
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