Algeria is an upper-middle income country. The oil and gas sector constitutes 98% of exports, 70% of government revenue, and nearly 40% of the GDP, and employs only 2% of the labor force. The Algerian non-oil industrial sector is a mere 5% of GDP (compared to about 28% in emerging countries).
The Algerian government is committed to opening up trade, and to encouraging inward investment, particularly by Western companies interested in using Algeria as a manufacturing base, or in undertaking joint ventures with local companies to help them boost export activities.
Algeria signed the EU-Algeria Association Agreement in April 2002. This agreement sets out a framework for the EU-Algeria relationship in all areas including trade. In 2012, Algeria and the EU launched consultations on an Action Plan to support co-operation and further exploit the potential of the Association Agreement.
Algeria has applied for World Trade Organization (WTO) accession in 1987 and the negotiations are still on-going. The multilateral examination of Algeria foreign trade regime is proceeding on the basis of a draft Working Party Report.
Algeria is a member of the Arab Monetary Fund (AMF), League of Arab States, the Mahgreb Arab Union (MAU), the Organisation of Arab Petroleum Exporting Countries (OAPEC) and the Organisation of Petroleum Exporting Countries (OPEC). It is also an active member in African Union and the NEPAD initiative.
Notes: Top 20 products listed in decreasing order of their export potential to the world. Development indicators are relative to the country’s current situation, green indicating performance above its trade-weighted median and red otherwise. A blank cell indicates that data are not available. A blank cell in export potential means that the product was not consistently demanded over five years by any country in the respective region. Exports (US$ thousand) correspond to average exports to the world over the period 2009-2013.