You are here -allRefer - Reference - Country Study & Country Guide - Algeria >

allRefer Reference and Encyclopedia Resource

allRefer    
allRefer
   


-- Country Study & Guide --     

 

Algeria

 
Country Guide
Afghanistan
Albania
Algeria
Angola
Armenia
Austria
Azerbaijan
Bahrain
Bangladesh
Belarus
Belize
Bhutan
Bolivia
Brazil
Bulgaria
Cambodia
Chad
Chile
China
Colombia
Caribbean Islands
Comoros
Cyprus
Czechoslovakia
Dominican Republic
Ecuador
Egypt
El Salvador
Estonia
Ethiopia
Finland
Georgia
Germany
Germany (East)
Ghana
Guyana
Haiti
Honduras
Hungary
India
Indonesia
Iran
Iraq
Israel
Cote d'Ivoire
Japan
Jordan
Kazakhstan
Kuwait
Kyrgyzstan
Latvia
Laos
Lebanon
Libya
Lithuania
Macau
Madagascar
Maldives
Mauritania
Mauritius
Mexico
Moldova
Mongolia
Nepal
Nicaragua
Nigeria
North Korea
Oman
Pakistan
Panama
Paraguay
Peru
Philippines
Poland
Portugal
Qatar
Romania
Russia
Saudi Arabia
Seychelles
Singapore
Somalia
South Africa
South Korea
Soviet Union [USSR]
Spain
Sri Lanka
Sudan
Syria
Tajikistan
Thailand
Turkmenistan
Turkey
Uganda
United Arab Emirates
Uruguay
Uzbekistan
Venezuela
Vietnam
Yugoslavia
Zaire

Algeria

Trade Account

The government's measures to encourage the growth of privatesector trade, combined with fluctuating oil prices, have resulted in an erratic trade account pattern, marked mostly by a chronic deficit followed by ups and downs of surplus. The foreign trade deficit of the 1960s was not reversed until 1973-74. The world oil price boom then overturned Algeria's traditional dependence on exports of vegetables, citrus fruit, wine, tobacco, iron ore, and phosphates; instead Algeria substituted massive hydrocarbon exports. However, the authorities continued to retain control over the trade budget process, which allowed them to cut imports in 1991 to US$8.2 billion to meet the IMF's requirements for a standby agreement. The trade balance registered a healthy surplus of almost US$1.6 billion in the first half of 1991. In April 1991, the government introduced a major liberalization of the import system by eliminating the administrative allocation of hard currency for imports at the official exchange rate. Private firms were allowed to join the ranks of state-owned enterprises in purchasing foreign goods directly from overseas markets.

Data as of December 1993


Algeria - TABLE OF CONTENTS

The Economy


Go Up - Top of Page

Make allRefer Reference your HomepageAdd allRefer Reference to your FavoritesGo to Top of PagePrint this PageSend this Page to a Friend


Information Courtesy: The Library of Congress - Country Studies


Content on this web site is provided for informational purposes only. We accept no responsibility for any loss, injury or inconvenience sustained by any person resulting from information published on this site. We encourage you to verify any critical information with the relevant authorities.

 

 

 
 


About Us | Contact Us | Terms of Use | Privacy | Links Directory
Link to allRefer | Add allRefer Search to your site

allRefer
All Rights reserved. Site best viewed in 800 x 600 resolution.