IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU,
ITUC, LAS, MIGA, MONUC, NAM, OAPEC, OAS (observer), OIC, OPCW, OPEC,
OSCE (partner), UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNITAR, UNWTO,
UPU, WCO, WFTU, WHO, WIPO, WMO, WTO (observer)
Diplomatic representation in the US:
chief of mission: Ambassador Abdallah BAALI
chancery: 2118 Kalorama Road NW, Washington, DC 20008
telephone: [1] (202) 265-2800
FAX: [1] (202) 667-2174
Diplomatic representation from the US:
chief of mission: Ambassador David D. PEARCE
embassy: 05 Chemin Cheikh Bachir, El-Ibrahimi, El-Biar 16000 Algiers
mailing address: B. P. 408, Alger-Gare, 16030 Algiers
telephone: [213] 770-08-2000
FAX: [213] 21-60-7355
Flag description:
two equal vertical bands of green (hoist side) and white; a red,
five-pointed star within a red crescent centered over the two-color
boundary
note: the crescent, star, and color green are traditional symbols of
Islam (the state religion)
Economy
Algeria
Economy - overview:
The hydrocarbons sector is 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
14th in oil reserves. Sustained high oil prices in recent years have
helped improve Algeria's financial and macroeconomic indicators.
Algeria is running substantial trade surpluses and building up
record foreign exchange reserves. Algeria has decreased its external
debt to less than 10% of GDP after repaying its Paris Club and
London Club debt in 2006. Real GDP has risen due to higher oil
output and increased government spending. The government's continued
efforts to diversify the economy by attracting foreign and domestic
investment outside the energy sector, however, has had little
success in reducing high unemployment and improving living
standards. Structural reform within the economy, such as development
of the banking sector and the construction of infrastructure, moves
ahead slowly hampered by corruption and bureaucratic resistance.
GDP (purchasing power parity):
$222.3 billion (2007 est.)
GDP (official exchange rate):
$131.6 billion (2007 est.)
GDP - real growth rate:
4.5% (2007 est.)
GDP - per capita (PPP):
$6,700 (2007 est.)
GDP - composition by sector:
agriculture: 8.2%
industry: 61.5%
services: 30.3% (2007 est.)
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