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Algeria Economics Questions
What are the major industries?
Answer:
The major industries of the Algerian economy are petroleum, natural gas, light industries, mining, electricity production, petrochemicals, and food processing.
What are the main trading partners for the country?
Answer:
Algeria’s main trading partners are France, Italy, the United States, and Spain, who buy more than 61% of Algeria’s exports and provide just under half of the country’s imported goods. Other lesser trade partners include China, Turkey, Germany, Canada, Brazil, and Belgium.
List 3-5 imports and 3-5 exports
Answer:
Algeria’s main imports are industrial supplies, foodstuffs, machinery, transportation products, and consumer goods. Algeria's main exports are petroleum, natural gas, and petroleum products.
Describe the transportation infrastructure
Answer:
Algeria is very urban in some areas, especially in the north. Down south towards the Sahara desert area, however, the population density drops greatly, so the roadways, highways, and railways tend to become more and more sparsely distributed. Algeria has 3,973 kilometers of railroad tracks and 104,000 kilometers of highways, although only 68.9% of them are paved (71,656 km paved). The country has 137 airports, and 52 of them have paved runways. The other 85 have unpaved runways. The principal international airport, which is called H. Boumediene International Airport, is located 12 miles outside of Algiers. Other smaller international airports are located in Constantine, Annaba, Tilimsen, and Oran, which are other major cities in the Northern region of the country.
What is the GNP or GDP per capita?
Answer:
Algeria’s gross domestic product (GDP) per capita is $6,600.
What are the strengths and weaknesses of the national economy?
Answer:
Algeria’s economy has steadily been improving over the course of the past few years. Despite political setbacks, the country has been thriving economically due to it’s vast amounts of natural resources. The country is rich in petroleum and natural gas, which allow it to grow in today’s economy with it’s high demands for oil as transportation fuel. Algeria’s economic strength comes in as a source of the world’s oil and a growing economic power in Africa due to a recent industrial revolution. However, aside from fossil fuels and mining, the country has no other industries that serve as a back up if the petroleum industry experiences a period of low demand. In the past, during times of decreased oil prices, Algeria has suffered tremendously from virtually no national income. Such economic risk is certainly a weakness of Algeria’s one-dimensional economy, for it is too dependent on one industry to be able to achieve a reasonable level of stability.