Attribute | Value |
---|---|
Geography | |
Area | 2,381,740 km² |
Continent | Africa |
Land area | 2,381,740 km² |
Water area | 0 km² |
Land boundaries | 6,734 km |
Border countries |
|
Coastline | 998 km |
Mean elevation | 800 m |
Lowest point | -40 m |
Highest point | 2,908 m |
People | |
Population | 42,972,878 |
Official languages |
|
Religion | Muslim |
Government | |
Long country name | People's Democratic Republic of Algeria |
Short country name | Algeria |
Long local name | Al Jumhuriyah al Jaza'iriyah ad Dimuqratiyah ash Sha'biyah |
Short local name | Al Jaza'ir |
Former name | Add |
Government type | Presidential republic |
Capital | Algiers |
Economy | |
GDP (PPP) | 630,000,000,000 USD |
GDP (OER) | 167,600,000,000 USD |
GDP (real growth rate) | 1.4 % |
GDP - per capita (PPP) | 15,200 USD |
Gross national saving | 37.8 % of GDP |
Labor force | 11,820,000 |
Unemployment rate | 11.7 % |
Population below poverty line | 23 % |
Budget revenues | 54,150,000,000 USD |
Budget expenditures | 70,200,000,000 USD |
Military expenditures | 5.27 % of GDP |
Taxes and other revenues | 32.3 % of GDP |
Budget surplus or deficit | -9.6 % of GDP |
Public debt | 27.5 % of GDP |
Inflation rate | 5.6 % |
Central bank discount rate | 4 % |
Commercial bank prime lending rate | 8 % |
Stock of narrow money | 84,560,000,000 USD |
Stock of broad money | 84,560,000,000 USD |
Stock of domestic credit | 110,200,000,000 USD |
Market value of publicly traded shares | Add |
Current account balance | -22,100,000,000 USD |
Exports | 34,370,000,000 USD |
Imports | 48,540,000,000 USD |
Reserves of foreign exchange and gold | 97,890,000,000 USD |
External debt | 6,260,000,000 USD |
National currency | Algerian dinars |
National currency (code) | DZD |
National currency (symbol) | دج |
National currency rate to USD | 108.9 |
After more than a century of rule by France, Algerians fought through much of the 1950s to achieve independence in 1962. Algeria's primary political party, the National Liberation Front (FLN), was established in 1954 as part of the struggle for independence and has since largely dominated politics. The Government of Algeria in 1988 instituted a multi-party system in response to public unrest, but the surprising first round success of the Islamic Salvation Front (FIS) in the December 1991 legislative elections led the Algerian army to intervene and postpone the second round of elections to prevent what the secular elite feared would be an extremist-led government from assuming power. The army began a crackdown on the FIS that spurred FIS supporters to begin attacking government targets. Fighting escalated into an insurgency, which saw intense violence from 1992-98, resulting in over 100,000 deaths - many attributed to indiscriminate massacres of villagers by extremists. The government gained the upper hand by the late-1990s, and FIS's armed wing, the Islamic Salvation Army, disbanded in January 2000. Abdelaziz BOUTEFLIKA, with the backing of the military, won the presidency in 1999 in an election that was boycotted by several candidates protesting alleged fraud, and won subsequent elections in 2004, 2009, and 2014. The government in 2011 introduced some political reforms in response to the Arab Spring, including lifting the 19-year-old state of emergency restrictions and increasing women's quotas for elected assemblies, while also increasing subsidies to the populace. Since 2014, Algeria’s reliance on hydrocarbon revenues to fund the government and finance the large subsidies for the population has fallen under stress because of declining oil prices. Protests broke out across the country in late February 2019 against President BOUTEFLIKA’s decision to seek a fifth term. BOUTEFLIKA resigned on 2 April 2019, and the speaker of the upper house of parliament, Abdelkader BENSALAH, became interim head of state on 9 April. Per the constitution, BENSALAH has 90 days to organize elections to elect a new president.