Since the outset of IMF-supported adjustment and reform program, Algeria has made substantial progress toward the restoration of macroeconomic stability and implemented a set of structural reforms. High hydrocarbon prices also contributed to a sharp improvement in the budget position. A prudent...

The strong hydrocarbon export performance has allowed Algeria to strengthen its external position and record a budget surplus. Executive Directors commend the government for the broad improvement in macroeconomic indicators. The government has eased the fiscal stance, and this strategy has...

This 2002 Article IV Consultation highlights that the overall budget balance of Algeria weakened in 2001 and the first half of 2002. This deterioration mainly reflected higher spending and a decline in hydrocarbon revenues owing to a reduction in volumes and prices. The overall balance dropped...

In 1994–98, Algeria was successful in restoring macroeconomic stability and implementing structural reforms. The fiscal position deteriorated in the first part of 1999, owing to low oil prices. Executive Directors supported the reform program introduced in early 2000, and welcomed its emphasis...

This 2005 Article IV Consultation highlights that the Algerian economy continues to benefit from abundant and increasing hydrocarbon revenues. Real GDP growth is expected to continue at about 5 percent in 2005, led by increased output in the hydrocarbon sector and sustained activity in the...

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country

This paper analyzes Algeria’s unemployment and labor market developments and assesses the factors that may hamper employment creation. It estimates employment-to-GDP elasticity for Algeria’s main sectors and different age groups, and assesses the effect of improvements in Algeria’s labor...

This 2011 Article IV Consultation reports that despite an uncertain international economic environment, the Algerian economy has been doing relatively well. Real nonhydrocarbon GDP growth in 2010 reached 6 percent and total GDP growth was 3 percent. Executive Directors have welcomed Algeria’s...

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country

This paper examines institutional reforms in Algeria during the 1990s. A major step toward price liberalization was taken in April 1994, through the abolition of controls on profit margins for most commodities, except for edible oils, sugar, medicines, school supplies, coffee and tobacco, and...