Economy | Economy |
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  With a GDP of $102.4 billion in 2005, Algeria is the second largest economy in Africa after South Africa. After over 30 years of central planning, which allowed to build sifnificant industrial base, Algeria has made significant strides in liberalizing its economy. Reforms have focused on extending the scope of market mechanisms, a better allocation of resources, reducing the burden of bureaucracy, and strengthening incentives.
These reforms have resulted in a spectacular growths in the agricultural sector and also in a significant increase of the contribution of the private sector to gross fixed capital formation : more than 70% after decades of public sector predominance. Click For more information about 'Investing In Algeria' (.pdf) |