| 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 fifth-largest reserves of natural gas in the world and is the second largest gas exporter; it ranks fourteenth for oil reserves.
GDP: $171 Billion
Budget: Income ........... $15.8 Billion
Expenditure ................... $16 Billion
Main Crops: Wheat, barely, oat, grapes, olives; sheep, cattle
Natural Resources: Crude oil natural gas, iron ore, phosphates, uranium
Major Industries: Petroleum, light industries, natural gas, mining, electrical, petrochemical, food processing |
