When we visited Algeria, we saw that Algeria was a
living economy. I’ll tell you something more about the economy of Algeria.
The economy of Algeria is classified as an upper
middle income country by the World Bank. The economy remains dominated by the
state, a legacy of the country’s socialist post-independence development model.
In recent years the Algerian Government has halted the privatization of
state-owned industries and imposed restrictions on imports and foreign
involvement in its economy.
The economy of Algeria is heavily dependent on
petroleum and natural gas exports. The reserves are mostly in the Eastern
Sahara. The Algerian government restrained the exports in the 80’s to slow
depletion and exports were increased somewhat in 1990. Other significant
exports for Algeria are sheep, oxen and horse animal products, vegetables,
fruits, seeds, esparto grass (the grass is used for the manufacture
of rope, baskets and Cilicia) , oils,
vegetable extracts, iron, zinc natural phosphates, crin vegetal (type of
plant) and tobacco.
Despite a decline in total unemployment, youth and
women unemployment is high. Unemployment particularly affects the young, with a
jobless rate of 21.5% among the 15-24 age group.
Algeria has the 10th-largest reserves of
natural gas in the world and is the sixth- largest gas exporter. It ranks 16th
in oil reserves. Strong revenues from hydrocarbon exports have brought Algeria
relative macroeconomic stability, with foreign currency reserves approaching $200
billion and a large budget stabilization fund available for tapping.
However, it has struggled to develop non-hydrocarbon
industries because of heavy regulation and an emphasis on the growth controlled
by the state. The government’s efforts haven’t done much to reduce high youth
unemployment rates or to address housing shortages.
Algeria’s economic performance in 2012 is expected to
remain solid. In 2012 growth is expected at 2.5 percent, supported by a
cheerful non-hydrocarbon sector reinforced by public spending. It is predicted
at 3.4 percent 2013, underpinned by a domestic demand and a recovery in the
hydrocarbon sector.
Algeria as of 2013
ranks among the 15 countries in the Middle East and North Africa region, and
its score remains lower than the regional and word averages. So it is a country
who knew difficulties but they conquered it.
I regret the high unemployment of women and young people. On the one hand it's logical because Algeria consists of 85% of sand so where could the employment be? At the other hand it isn't a positive thing to the economy and welfare of the country.
BeantwoordenVerwijderenI think it is a logical that there are a lot of young people unemployed in Algeria. The developping of the education in all the African countries is not so good. So it is hard to find a job for the young people. Furthermore, the jobs in Algeria, consists especially of manual labor. Not really something women could do. And who has to take care for the family?
BeantwoordenVerwijderenOne of the residents told me, the unemployment in Algeria has a larger percentage than terrorism, corruption and illiteracy. The main reason why there is so much unemployment,is the laziness of the population. So, it's alittle bit their own fault, i think..
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