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Algeria

Author(s):
International Monetary Fund
Published Date:
January 2012
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Table 1.Algeria: Basic Economic and Financial Indicators, 2006–10
20062007200820092010
(Annual percentage change)
Production and prices
Nominal GDP12.610.018.4-9.520.1
Real GDP2.03.02.42.43.3
Real nonhydrocarbon GDP (NHGDP)5.66.36.19.35.9
GDP deflator10.37.315.4-9.916.3
NHGDP deflator4.18.18.34.29.3
Consumer price index (average)2.53.54.55.73.9
(In billions of U.S. dollars; unless otherwise indicated)
External sector
Exports, f.o.b.54.760.678.645.257.1
Imports, f.o.b.20.726.438.037.438.9
Current account balance29.030.634.50.412.2
Current account balance (in percent of GDP)24.722.520.10.37.6
Overall balance17.729.637.03.915.6
(In percent of GDP; unless otherwise indicated)
Central government
Total budget revenue and grants42.839.247.236.336.4
Of which: hydrocarbon revenue32.930.137.223.824.1
Total expenditure and net lending29.234.739.543.138.8
Overall balance13.54.47.7-6.4-2.4
Nonhydrocarbon primary balance (in percent of NHGDP)-34.1-43.2-53.1-44.9-40.2
Money and credit
Broad money (annual percentage change)18.624.216.13.113.8
Net credit to government (as a percent of beginning money stock-17.8-20.7-25.20.2-4.4
Credit to the economy (annual percentage change)9.312.520.418.55.1
13-week T-bill interest rate (in percent per annum)1.40.20.20.30.2
Official reserves
Gross official reserves (in billions of U.S. dollars)77.8110.2143.1148.9162.2
Idem, in months of next year’s imports of goods and services28.027.435.435.638.3
Debt
Total external debt (in billions of U.S. dollars)5.65.65.65.75.7
Total external debt (in percent of GDP)4.84.23.33.83.5
Total government debt (in percent of GDP)23.612.48.210.910.0
Domestic government debt (in percent of GDP)18.75.34.97.46.2
Memorandum items:
Gross domestic product (in billions of dinars)8,5159,36711,09010,03412,050
Idem (in billions of U.S. dollars)116.8135.3171.0139.8160.8
Per capita GDP (in U.S. dollars)3,4563,9344,9623,925.94,516.3
Exchange rate (DA/US$) (average)73.769.264.672.574.9
Real effective exchange rate (annual percentage rate)-0.2-1.44.9-1.20.4
Terms of trade (annual percentage rate)9.60.822.5-26.822.9
Sources: Algerian authorities; and Fund staff estimates.
Sources: Algerian authorities; and Fund staff estimates.
Table 2.Algeria: Supply and Use of Resources at Current Prices, 2006–10
20062007200820092010
(In billions of dinars)
Gross domestic product8,514.89,366.511,090.010,034.312,049.5
Resource gap2,286.22,076.12,127.3-57.9861.5
Exports of goods and nonfactor services4,149.74,402.25,298.13,525.94,610.1
Imports of goods and nonfactor services1,863.52,326.13,170.83,583.83,748.6
Gross domestic spending6,234.47,290.48,962.710,092.211,188.0
Consumption3,650.44,052.84,805.75,414.76,322.2
Government954.91,089.01,459.11,646.22,166.9
Nongovernment2,695.62,963.83,346.63,768.54,155.3
Gross investment2,583.93,237.64,157.04,677.54,865.80
Gross fixed capital formation1,967.32,462.13,228.33,811.44,350.9
Change in inventories616.6775.5928.7866.1514.9
Gross domestic savings4,864.45,313.76,284.34,619.65,727.3
Net factor income from abroad-328.9-127.6-84.2-94.8-26.4
Net current transfers116.7153.3175.1191.3197.1
National savings4,652.25,339.46,375.24,716.15898
Gross national product8,185.99,238.911,005.89,939.512,023.1
(In percent of GDP)
Gross domestic product100.0100.0100.0100.0100.0
Resource gap26.822.219.2-0.67.1
Exports of goods and nonfactor services48.747.047.835.138.3
Imports of goods and nonfactor services21.924.828.635.731.1
Gross domestic spending73.277.880.8100.692.9
Consumption42.943.343.354.052.5
Government11.211.613.216.418.0
Nongovernment31.731.630.237.634.5
Gross investment30.334.637.546.640.4
Gross fixed capital formation23.126.329.138.036.1
Change in inventories7.28.38.48.64.3
Gross domestic savings57.156.756.746.047.5
Net factor income from abroad-3.9-1.4-0.8-0.9-0.2
Net current transfers1.41.61.61.91.6
National savings54.657.057.547.048.9
Gross national product96.198.699.299.199.8
Sources: Algerian authorities; and Fund staff estimates.
Sources: Algerian authorities; and Fund staff estimates.
Table 3.Algeria: Sectoral Distribution of GDP at Current Prices, 2006–10
20062007200820092010
(In billions of dinars)
Hydrocarbons3,882.24,089.34,997.63,109.14,180.4
Other sectors4,141.14,744.95,438.56,209.47,130.0
Agriculture641.3708.1727.4931.31,015.2
Industry449.5479.8519.5573.1597.9
Construction and public works674.3825.1956.71,094.81,257.4
Nongovernment services1,698.11,933.22,147.02,384.62,638.7
Government services677.9798.71,087.91,225.61,620.8
Imports taxes and duties491.5532.4653.9715.8739.1
Gross domestic product8,514.89,366.611,090.010,034.312,049.5
(In percent of GDP)
Hydrocarbons45.643.745.131.034.7
Other sectors48.650.749.061.959.2
Of which:
Agriculture7.57.66.69.38.4
Industry5.35.14.75.75.0
Government services8.08.59.812.213.5
(Annual percentage change)
Hydrocarbons15.85.322.2-37.834.5
Other sectors11.414.614.614.214.8
Of which:
Agriculture10.310.42.728.09.0
Industry6.86.78.310.34.3
Government services7.317.836.212.732.2
Gross domestic product12.610.018.4-9.520.1
Sources: Algerian authorities; and Fund staff estimates.
Sources: Algerian authorities; and Fund staff estimates.
Table 4.Algeria: Sectoral Distribution of Real GDP Growth, 2006–10(In percent)
20062007200820092010
Hydrocarbons-2.5-0.9-2.3-6.0-2.6
Other sectors
Agriculture4.95.0-5.3206
Mining15.189.83.4-3.3
Energy (nonhydroelectric) and water3.46.07.97.25.6
Manufacturing-2.2-3.91.90.7-2.5
Food processing-7.6-2.16.8-9.1-3.3
Steel, mechanical, and electrical construction1.3-8.93.96.4-12.6
Chemical industry-3.1-4.42.52.0-10.6
Textiles-14.0-15-1.11.2-10.8
Leather products-15.9-4.8-1.2-12.0-6.3
Building materials-3.82.7-1.6-1.0-5
Wood and paper2.9-6.8-11.9-21.414.8
Other-1.0-31.2-20.60.0-21.3
Private industry2.13.2
Construction and public works11.69.89.88.76.6
Nongovernment services6.56.87.88.86.9
Government services3.16.58.47.06
Import taxes and duties2.75.57.76.85.8
Gross domestic product2.03.02.42.43.3
Gross domestic absorption3.67.910.46.95.5
Consumption3.43.75.55.85.8
Government4.87.18.76.06.2
Nongovernment2.92.54.95.85.6
Gross investment7.29.811.88.55.2
Exports of goods and nonfactor services-2.5-0.6-2.9-10.7-1.7
Imports of goods and nonfactor services-1.811.117.715.62.4
Memorandum item:
Real per capita GDP-0.71.22.20.71.8
Source: Algerian authorities.
Source: Algerian authorities.
Table 5.Algeria: Production, Exports, and Consumption of Liquid Petroleum Products, 2006–10(In millions of tons)
20062007200820092010
Liquid petroleum and substitutes
Production85.685.883.477.273.7
Crude oil and substitutes63.763.861.356.855.3
Condensate13.613.713.512.311.2
Liquefied petroleum gas (LPG)8.38.38.68.17.2
Imports0.30.40.40.40.3
Refinery input20.119.522.323.727.3
Direct exports64.263.559.797.245
Crude43.843.239.25233
Condensate13.412.913.034.76.1
LPG7.07.47.510.55.9
LPG consumption1.91.92.06.81.9
Discrepancy 1/-0.31.3-0.22.0-0.2
Refined products
Production19.019.121.422.426.1
Exports9.69.910.410.814.1
Domestic consumption11.412.213.414.314.2
Discrepancy 1/-2.0-3.0-2.4-2.7-2.2
Memorandum item:
Total exports73.873.570.162.959.1
Source: Algerian authorities.

Reflects change in inventories and errors of measurement.

Source: Algerian authorities.

Reflects change in inventories and errors of measurement.

Table 6.Algeria: Production, Exports, and Consumption of Gas Products, 2006–10
20062007200820092010
(In billions of cubic meters)
Gross production194.8198.2201.5196.9192.1
Input into oil production84.584.885.179.580.4
Net production 1/110.3113.4116.4117.4111.7
Volume transported 2/84.985.486.28283.5
Domestic consumption17.017.619.420.423
Sales to liquefaction plants30.230.526.727.123.9
Liquid natural gas (LNG) production23.52421.922.119.5
Of which:
LNG exports23.223.521.721.819.5
Exports by pipeline37.835.53933.637.8
Discrepancy 3/0.00.00.00.00.0
(Annual percentage change)
Gross production0.92.73.4-0.7-4.7
Input into oil production-4.2-3.90.7-6.3-5.5
Net production 1/5.28.25.53.5-4.0
Volume transported 2/-4.8-4.31.5-4.0-3.1
Domestic consumption4.98.614.115.918.6
Sales to liquefaction plants-2.3-1.3-11.6-11.1-10.5
LNG production-4.9-2.8-6.8-7.9-11.0
Of which:
LNG exports-4.9-3.7-6.5-7.2-10.1
Exports by pipeline-5.0-10.83.2-5.4-3.1
(In billions of cubic meters; unless specified otherwise)
Memorandum item:
Total exports62.558.960.655.457.4
Of which:
LNG exports (in percent)37.139.935.739.434.0
Piped exports (in percent)60.660.364.360.666.0
Source: Algerian authorities.

Net of gas reinjected into producing oil wells.

Equal to net production minus gas flared, gas used for lifting and for fuel gas, and other losses in the fields.

Reflects errors in measurement.

Source: Algerian authorities.

Net of gas reinjected into producing oil wells.

Equal to net production minus gas flared, gas used for lifting and for fuel gas, and other losses in the fields.

Reflects errors in measurement.

Table 7.Algeria: Domestic Prices of Major Energy Products, 2006–10(In dinars per liter; unless otherwise indicated)
20062007200820092010
Butane (13 kg/bottle)200.0200.0200.0200.0200.0
Propane (35 kg/bottle)400.0400.0400.0400.0400.0
LPG fuel (kg)5.95.95.95.95.9
LPG car fuel9.09.09.09.0
Super gasoline23.023.023.023.023.0
Regular gasoline21.221.221.221.221.2
Gas oil13.713.713.713.713.7
Fuel oil10.010.010.010.010.0
Source: Algerian authorities.
Source: Algerian authorities.
Table 8.Algeria: Agricultural Land Use Patterns, 2006–10(In thousands of hectares)
20062007200820092010
Cereals3,266.73,056.53,056.43276.23327.3
Durum wheat1,358.01,250.61,230.31288.31339.4
Bread wheat700.1661.1541.5607.2607.2
Barley1,117.71,057.71,195.31296.61296.6
Other90.987.189.384.184.1
Pulses66.963.561.267.474.2
Fodder crops364.7493.8588.9712.6893.6
Industrial crops 1/15.715.722.421.225.4
Vegetables 2/212.4193.6205.6348.8245.8
Grapes97.091.986.782.780.4
Fruit trees810.1828.0823.8823.2828.4
Natural prairies25.625.524.324.524.5
Others3,544.53,573.03,563.3
Total cultivated land8,403.68,414.78,424.88,423.38,435.0
Fallow3,404.83,573.03,563.33,423.53,275.7
Source: Algerian authorities.

Industrial tomatoes and tobacco.

Potatoes, tomatoes, garlic and onions, and watermelons.

Source: Algerian authorities.

Industrial tomatoes and tobacco.

Potatoes, tomatoes, garlic and onions, and watermelons.

Table 9.Algeria: Crop Yields, 2006–10(In thousands of quintals)
20062007200820092010
Cereals
Hard wheat17,728.015,290.09,350.020,010.420,385.0
Soft wheat9,151.37,899.63,437.09,520.89,142.0
Barley12,358.811,866.63,873.022,033.616,054.0
Potatoes21,809.615,068.621,710.626,360.633,003.1
Pulses
Fava beans243.0279.7235.2364.9366.3
Chickpeas127.1142.9112.1178.4234.7
Source: Algerian authorities.
Source: Algerian authorities.
Table 10.Algeria: Livestock, 2006–10(In thousands of heads)
20062007200820092010
Bovine1,6081,6581,6701,6821,747
Ovine19,61619,85120,23521,40422,869
Caprine3,7553,7743,8293,9624,287
Cameline287292299301314
Source: Algerian authorities.
Source: Algerian authorities.
Table 11.Algeria: Indices of Industrial Production in Public Enterprises, 2006–10
20062007200820092010
(2001 = 100)
Water and energy239.6253.9273.9293.4309.8
Hydrocarbons148.5150.7147.1139.2136.3
Mining and quarrying104.8120.9132.8137.3132.8
Mechanical and electrical71.555.557.762.955
Construction materials108.5116.1114.2113.1107.4
Chemicals77.767.469.170.563
Food processing32.032.334.531.330.27
Textiles21.218.418.218.416.43
Leather and hides9.27.47.46.66.155
Woods and paper23.723.220.416.118.42
Other industries18.81310.310.38.14
General index88.490.191.892.289.9
General index (excluding hydrocarbons)74.273.176.378.976.8
General index of manufactured commodities58.551.852.853.650.7
(Annual percentage change)
Water and energy3.46.07.97.15.6
Hydrocarbons-0.71.5-2.4-5.4-2.1
Mining and quarrying15.215.49.83.4-3.3
Mechanical and electrical1.3-22.44.09.0-12.6
Construction materials-3.77.0-1.6-1.0-5.0
Chemicals-5.6-13.32.52.0-10.6
Food processing-7.50.96.8-9.3-3.3
Textiles-13.8-13.2-1.11.2-10.8
Leather and hides-15.6-19.60.0-10.8-6.7
Woods and paper2.6-2.1-12.1-21.314.8
Other industries-1.1-30.9-20.80.4-21.3
General index-0.31.91.90.4-2.5
General index (excluding hydrocarbons)-0.5-1.54.43.4-2.7
General index of manufactured commodities-2.5-11.51.91.5-5.4
Source: Algerian authorities.
Source: Algerian authorities.
Table 12.Algeria: Production of Minerals, 2006–10 1/
20062007200820092010
(In thousands of tons; unless otherwise indicated)
Iron ore1,996.01,584.02,068.01,218.01,014.0
Phosphates1,510.01,800.01,805.01,017.01,525.0
Zinc and lead0.60.00.00.00
Mercury 1/0.00.00.00.00
(Annual percentage change)
Iron ore19.7-20.630.6-41.1-16.7
Phosphates73.219.20.3-43.750.0
Zinc and lead-85.8-100.00.00.00.0
Mercury 1/0.00.00.00.00.0
Source: Algerian authorities.

Excluding hydrocarbons.

In thousands of containers, each weighing 34 kilograms.

Source: Algerian authorities.

Excluding hydrocarbons.

In thousands of containers, each weighing 34 kilograms.

Table 13.Algeria: Housing Supply, 2006–10
20062007200820092010
(In thousands of dwellings delivered)
Formal159.2165.3205.6199.6179.2
Social150.7160.3201.5194.0174.3
Rental43.544.157.655.561.3
Owner occupied107.2116.2143.9138.5113.0
Other formal8.454.15.64.9
Public5.82.81.822.1
Private2.62.22.33.62.8
Autoconstruction18.614.715.118.211.7
Total177.8180220.8217.8190.9
(In percent of total)
Formal89.591.893.191.693.9
Social84.889.191.389.191.3
Rental24.524.526.125.532.1
Owner occupied60.364.665.263.659.2
Other formal4.72.81.92.62.6
Public3.31.60.80.91.1
Private1.51.21.01.71.5
Autoconstruction10.58.26.88.46.1
Total100.0100.0100.0100.0100.0
Source: Algerian authorities.
Source: Algerian authorities.
Table 14.Consumer Price Index, 2006–10 1/
20062007200820092/2010
(2001 = 100)
Foodstuffs, beverages, and tobacco675.9720.2773.4139.0144.9
Clothing and shoes444.5442.9440.4104.6107.5
Housing costs754.0761.2770.6129.3131.7
Furniture370.3371371.7109.7113.6
Health and medical care681.2701.8716.9114.2117.5
Transportation and communications670.2667.1672.2141.8145.3
Education and entertainment475.9484.7503.3119.1118.9
Other services741.3754.1780.7127.8141.8
General index626.1648.1676.9131.1136.2
(Average percentage change)
Foodstuffs, beverages, and tobacco4.36.67.48.24.2
Clothing and shoes-0.3-0.4-0.60.42.7
Housing costs3.21.01.22.71.9
Furniture-0.30.20.21.83.5
Health and medical care1.03.02.23.42.8
Transportation and communications1.5-0.50.83.62.5
Education and entertainment0.11.83.86.0-0.1
Other services0.91.73.57.911.0
General index2.53.54.55.73.9
Source: Algerian authorities.

Includes 256 items and covers households Algiers area.

New Index base 2009

Source: Algerian authorities.

Includes 256 items and covers households Algiers area.

New Index base 2009

Table 15.Algeria: Income of Households, 2006–10(In billions of dinars)
20062007200820092010
Wages and salaries 1/1,411.71,698.72,108.12,284.7
Agriculture75.389.595.3111.9
Central government681.5797.21,127.51,156.2
Other sectors654.9812.0885.31,016.6
Self-employed1,900.72,176.02,465.42,935.4
Transfers828.01,309.51,148.61,356.7
Gross income4,140.45,184.25,722.11,356.7
Disposable income3,587.14,539.54,908.46,576.8
Source: Algerian authorities.

Includes social security contributions paid by employees.

Source: Algerian authorities.

Includes social security contributions paid by employees.

Table 16.Algeria: Labor Force, Employment, and Unemployment, 2006–10 1/(In thousands; unless otherwise indicated)
20062007200820092010
Labor force10,26710,51410,80110,54410,812
Agriculture1,7801,8421,8411,2421,136
Other sectors8,4878,6728,9609,3029,676
Employment6,5176,7717,0029,4729,736
Agriculture1,7801,8421,8411,2421,136
Other sectors4,7374,9295,1618,2308,600
Industry5255225301,1941,337
Construction and public works1,1601,2611,3711,7181,886
Government1,5421,5571,5725,3185,377
Other1,5101,5891,688
Work at home 2/2,4852,4982,579
Unemployed1,2651,2451,2201,0721,076
(in percent of labor force)12.312111010
Youth unemployment 3/24.325242121.5
Urban youth unemployment28.62725
Source: Algerian authorities; and Fund staff estimates.

Data not strictly comparable over time.

Including military draft and irregular employment. The increase in 2004 possibly reflects in part the occurrence of Ramadan shortly after the annual household survey was conducted.

Unemployed of less than 24 years of age in percent of labor force of less than 24 years of age.

Source: Algerian authorities; and Fund staff estimates.

Data not strictly comparable over time.

Including military draft and irregular employment. The increase in 2004 possibly reflects in part the occurrence of Ramadan shortly after the annual household survey was conducted.

Unemployed of less than 24 years of age in percent of labor force of less than 24 years of age.

Table 17.Algeria: Summary of Central Government Operations, 2006–10(In billions of dinars)
20062007200820092010
Total budget revenue and grants 1/3,639.93,687.95,190.63,675.34,382.5
Hydrocarbon revenue 2/2,799.02,796.84,088.62,412.72,905.0
Nonhydrocarbon revenue 1/840.8890.91,101.91,262.51,477.4
Tax revenue720.9766.8965.31,146.61,287.5
Taxes on income and profits241.2258.1331.5462.2561.7
Taxes on goods and services341.3347.4435.2478.4504.3
Customs duties114.8133.1164.9170.2181.9
Registration and stamps23.528.133.635.839.7
Nontax revenues 1/119.9124.1136.7115.9189.9
Fees 1/44.375.2113.866.864.4
Bank of Algeria dividends75.341.022.548.2121.1
Dividends from holdings0.37.90.30.94.4
Grants0.10.20.10.10.1
Total budget expenditure2,454.43,114.24,191.24,185.34,502.4
Current expenditure1,435.21,672.02,218.02,259.52,694.5
Personnel expenditure531.3628.7826.6879.91,193.1
Mudjahidins’ pensions92.5101.6103.0130.7151.3
Material and supplies95.793.8111.7112.5121.8
Current transfers 3/645.6762.81,115.21,098.91,195.8
Interest payments70.085.061.437.432.5
Capital expenditure1,019.21,442.31,973.31,925.81,807.9
Budget balance1,185.5573.6999.4-510.0-119.9
Special accounts balance-4.1-18.9-31.24.3-34.7
Net lending by Treasury32.1141.31123.8138.5138.9
Primary balance 4/1,219.3498.4905.8-606.8-260.9
Overall balance 4/1,149.3413.4844.4-644.2-293.5
Financing-1,149.3-413.4-844.4644.2293.5
Domestic 5/-990.7-302.8-821.7665.8308.3
Foreign 6/-158.6-110.7-22.6-21.6-14.9
Sources: Algerian authorities; and Fund staff estimates.

Excluding privatization receipts, which are classified under nonbank financing.

Including dividends on current profits paid by Sonatrach.

Covers expenditures for public services, food subsidies, agricultural price support, and cash transfers forthe poor.

Including special accounts, net lending and operations of the Rehabilitation Fund.

Including debt rescheduling proceeds blocked on account at Bank of Algeria.

Includes external debt rescheduling proceeds.

Sources: Algerian authorities; and Fund staff estimates.

Excluding privatization receipts, which are classified under nonbank financing.

Including dividends on current profits paid by Sonatrach.

Covers expenditures for public services, food subsidies, agricultural price support, and cash transfers forthe poor.

Including special accounts, net lending and operations of the Rehabilitation Fund.

Including debt rescheduling proceeds blocked on account at Bank of Algeria.

Includes external debt rescheduling proceeds.

Table 18.Algeria: Composition of Central Government Revenue, 2006–10
20062007200820092010
(In billions of dinars)
Total budget revenue and grants 1/3,639.93,687.95,190.63,675.34,382.5
Hydrocarbon revenue2,799.02,796.84,088.62,412.72,905.0
Of which: Sonatrach dividends85.085.085.085.085.0
Nonhydrocarbon revenue 1/840.8890.91,101.91,262.51,477.4
Tax revenue720.9766.8965.31,146.61,287.5
Taxes on income and profits241.2258.1331.5462.2561.7
Wage income taxes96.1124.9155.5183.6244.8
Other145.1133.2176.0278.6316.9
Taxes on goods and services341.3347.4435.2478.4504.3
VAT and excises on imports140.9171.9223.3234.5252.6
VAT and excises on domestic activities145.7168.8196.8233.6232.9
VAT on domestic transactions114.2136.6165.3199.7199.7
Tobacco and alcohol excises (DIC)31.532.231.533.933.2
VAT on petroleum products/levy4.40.10.10.00.2
Excises on petroleum products40.64.10.20.70.7
Other indirect taxes9.6152.514.810.428.7
Customs duties114.8133.1164.9169.1169.1
Registration and stamps23.528.133.635.839.7
Nontax revenue 1/119.9124.1136.7115.9189.9
Fees 1/44.375.2113.866.864.4
Bank of Algeria dividends75.341.022.548.2121.1
Dividends from holdings0.37.90.30.94.4
Grants0.10.20.10.10.1
(In percent of total budget revenue and grants)
Total budget revenue and grants100.0100.0100.0100.0100.0
Hydrocarbon revenue76.975.878.865.666.3
Nonhydrocarbon revenue23.124.221.234.433.7
Tax revenue19.820.818.631.229.4
Taxes on income and profits6.67.06.412.612.8
Taxes on goods and services9.49.48.413.011.5
Customs duties3.23.63.24.63.9
Registration and stamps0.60.80.61.00.9
Nontax revenue3.33.42.63.24.3
Grants0.00.00.00.00.0
Sources: Algerian authorities; and Fund staff estimates.

Excluding privatization receipts.

Sources: Algerian authorities; and Fund staff estimates.

Excluding privatization receipts.

Table 19.Algeria: Central Government Revenue, 2006–10(In percent of GDP)
20062007200820092010
Total budget revenue and grants 1/42.739.647.236.636.4
Hydrocarbon revenue32.830.137.224.024.1
Of which: Sonatrach dividends1.00.90.80.80.7
Nonhydrocarbon revenue 1/9.99.610.012.612.3
Tax revenue8.58.28.811.410.7
Taxes on income and profits2.82.83.04.64.7
Wage income taxes1.11.31.41.82.0
Other1.71.41.62.82.6
Taxes on goods and services4.03.74.04.84.2
VAT and excises on imports1.71.82.02.32.1
VAT and excises on domestic activities1.71.81.82.31.9
VAT on domestic transactions1.31.51.52.01.7
Tobacco and alcohol excises (DIC)0.40.30.30.30.3
VAT on petroleum products/levy0.10.00.00.00.0
Excises on petroleum products0.50.00.00.00.0
Other indirect taxes0.10.00.10.10.2
Customs duties1.31.41.51.71.5
Registration and stamps0.30.30.30.40.3
Nontax revenue 1/1.41.31.21.21.6
Fees 1/0.50.81.00.70.5
Bank of Algeria dividends0.90.40.20.51.0
Dividends from holdings0.00.10.00.00.0
Source: Algerian authorities.

Excluding privatization receipts.

Source: Algerian authorities.

Excluding privatization receipts.

Table 20.Algeria: Composition of Central Government Expenditure, 2006–10
20062007200820092010
(In billions of dinars)
Budget expenditure2,454.43,114.24,191.24,185.34,502.4
Current expenditure1,435.21,672.02,218.02,259.52,694.5
Personnel expenditure531.3628.7826.6879.91,193.1
Wages and salaries531.3628.7826.6879.91,193.1
Other0.01.02.000
Mudjahidins’ pensions92.5101.6103.0130.7151.3
Material and supplies95.793.8111.7112.5121.8
Public services215.5273.0360.8412.54513.2
Hospitals73.5107.9151.5176.0197.2
Other142165.2209.4236.5316
Current transfers430.1489.8824.7839.0795.5
Public works and social assistance0.00.00.00.00.0
Food subsidies1.11.22.52.52.6
Youth Employment Support Fund5.55.55.516.613.8
Other transfers423.5483.1816.7819.9779.1
Interest payments70.085.061.437.432.5
Capital expenditure1,019.21,442.31,973.31,925.81,807.9
Special accounts balance-4.1-18.9-31.24.3-34.7
Net lending by Treasury32.1141.3123.8138.5138.9
Total expenditure and net lending2,490.63,274.44,346.24,319.54,675.9
(In percent of total expenditure)
Total expenditure and net lending100.0100.0100.0100.0100.0
Budget expenditure98.595.196.496.996.3
Current expenditure57.651.151.052.357.6
Personnel expenditure21.319.219.020.425.5
Mudjahidins’ pensions3.73.12.43.03.2
Material and supplies3.82.92.62.62.6
Public services8.78.38.39.611.0
Current transfers17.315.019.019.417.0
Interest payments2.82.61.40.90.7
Capital expenditure40.944.045.444.638.7
Special accounts balance-0.2-0.6-0.70.1-0.7
Net lending by Treasury1.34.32.83.23.0
Sources: Algerian authorities; and Fund staff estimates.
Sources: Algerian authorities; and Fund staff estimates.
Table 21.Algeria: Central Government Expenditure, 2006–10(In percent of GDP)
2007200820092010
Total expenditure and net lending35.239.543.038.8
Current expenditure18.020.222.522.4
Personnel6.87.58.89.9
Wages and salaries6.87.58.89.9
Other0.00.00.00.0
Mudjahidins’ pensions1.10.91.31.3
Material and supplies1.01.01.11.0
Public services2.93.34.14.3
Hospitals1.21.41.81.6
Other1.81.92.42.6
Current transfers5.36.96.85.7
Public works and social assistance0.00.00.00.0
Food subsidies0.00.00.00.0
Youth Employment Support Fund0.10.50.30.3
Other transfers5.35.95.94.9
Interest on debt0.90.60.40.3
Capital expenditure15.517.919.215.0
Special accounts balance-0.2-0.30.0-0.3
Net lending by Treasury1.51.11.41.2
Sources: Algerian authorities; and Fund staff estimates.
Sources: Algerian authorities; and Fund staff estimates.
Table 22.Algeria: Sectoral Allocation of Budgetary Capital Expenditure, 2006–10 1/
20062007200820092010
(In millions of dinars)
Agriculture and fishery12,46315,09926,39025,76922,388
Irrigation and waterworks169,108183,897221,022256,554272,113
Industry and energy13020024134164
Tourism2417100374506
Economic infrastructure225,456380,386539,244398,510381,673
Housing89,683184,746187,570230,758293,495
Education and professional training84,136126,160135,710144,913153,513
Social infrastructure32,90041,76054,88568,48371,235
Administrative infrastructure38,44654,43980,36585,665113,726
Urban development51,05679,35078,91177,61365,349
Unallocated91,060111,622116,597136,736134,446
Total794,4621,177,6761,440,8181,425,5091,508,608
(Annual percentage change)
Agriculture and fishery-4.921.274.8-2.4-13.1
Irrigation and waterworks34.88.720.216.16.1
Industry and energy36.853.8-88.0458.322.4
Tourism300.0-29.2488.2274.035.3
Economic infrastructure45.268.741.8-26.1-4.2
Housing32.8106.01.523.027.2
Education and professional training-0.549.97.66.85.9
Social infrastructure-7.526.931.424.84.0
Administrative infrastructure28.341.647.66.632.8
Urban development37.155.4-0.6-1.6-15.8
Unallocated15.522.64.517.3-1.7
Total26.648.222.3-1.15.8
(In percent of total)
Agriculture and fishery1.61.31.81.81.5
Irrigation and waterworks21.315.615.318.018.0
Industry and energy0.00.00.00.00.0
Tourism0.00.00.00.00.0
Economic infrastructure28.432.337.428.025.3
Housing11.315.713.016.219.5
Education and professional training10.610.79.410.210.2
Social infrastructure4.13.53.84.84.7
Administrative infrastructure4.84.65.66.07.5
Urban development6.46.75.55.44.3
Unallocated11.59.58.19.68.9
Total100.0100.0100.0100.0100.0
Source: Algerian authorities.

Commitment basis.

Source: Algerian authorities.

Commitment basis.

Table 23.Algeria: Central Government Domestic Debt, 2006–10(In billions of dinars; end-of-period)
20062007200820092010
Total domestic debt 1/1,847.31,103.9734.0816.31107.4
Equipment bonds and regular securities1,066.91,052.7677.8760.11,051.2
Central bank overdrafts729.20.00.00.00.0
Refinancing bonds51.251.256.256.256.2
Public enterprises, EPIC, agroindustries0.00.00.00.00.0
Supplementary restructuring debt0.00.00.00.00.0
OPGI (real estate companies)0.00.00.00.00.0
Farmers’ debt0.00.00.00.00.0
Banks51.251.256.256.256.2
Solidarity bonds0.00.00.00.00.0
CNAC (unemployment insurance agency)0.00.00.00.00.0
Bonds (CNR-retirement insurance agency)0.00.00.00.00.0
Bonds (CNAS-social security agency)0.00.00.00.00.0
Memorandum items:
Domestic debt as percent of GDP21.711.86.68.19.2
GDP (In billions of dinars)8,5159,36711,09010,03412,050
Source: Algerian authorities.

Excluding the blocked account at the Bank of Algeria and other deposits.

Source: Algerian authorities.

Excluding the blocked account at the Bank of Algeria and other deposits.

Table 24.Algeria: Monetary Survey, 2006–10 1/
20062007200820092010
(In billions of dinars)
Foreign assets (net)5,515.07,415.510,246.910,886.011,996.9
Central bank5,526.37,382.910,227.510,865.912,005.6
Commercial banks-11.332.619.420.1-8.7
Net domestic assets-581.4-1,420.9-3,291.0-3,712.9-3,834.1
Domestic credit601.312.1-1,011.8-402.4-242.8
Credit to government (net)-1,304.1-2,193.1-3,627.3-3,488.9-3,510.9
Central bank 2/-2,510.7-3,294.9-4,365.7-4,402.0-4,930.2
Commercial banks 3/870.8723.1278.6340.2683.8
CCP and treasury deposits335.8378.7459.8572.9735.5
Credit to the economy 1/1,905.42,205.22,615.53,086.53,268.1
Government lending funds-33.5-28.9-16.3-14.8-14.5
Medium- and long-term foreign liabilities-19.4-14.7-11.4-8.5-6.6
Other items (net)-1,129.8-1,389.4-2,251.5-3,287.2-3,570.2
Money plus quasi-money (M2)4,933.75,994.66,955.97,173.18,162.8
Money3,167.64,233.64,964.94,944.25,638.5
Currency outside banks1,081.41,284.51,540.01,829.42,098.6
Demand deposits1,750.42,570.42,965.12,541.92,804.4
Deposits with treasury and postal
checking system335.8378.7459.8572.9735.5
Quasi-money1,766.11,761.01,991.02,228.92,524.3
(Annual percentage change)
Money and quasi-money19.121.516.03.113.8
Money31.033.717.3-0.414.0
Quasi-money2.4-0.313.111.913.3
Net domestic assets1,441.5144.4131.612.83.3
Domestic credit-27.9-98.0-8,462.0-60.2-39.7
Credit to government 3/38.168.265.4-3.80.6
Credit to the economy 3/7.115.718.618.05.9
(In percent)
Memorandum items:
Total liquidity/GDP57.964.062.771.567.7
Money/GDP37.245.244.849.346.8
Currency outside banks/GDP12.713.713.918.217.4
Domestic credit/GDP7.10.1-9.1-4.0-2.0
Money/M264.270.671.468.969.1
Currency outside banks/M221.921.422.125.525.7
Money multiplier3.73.53.63.23.1
Nominal GDP (in billions of dinars)8,514.89,366.511,090.010,034.312,049.5
Sources: Bank of Algeria; and Fund staff estimates.

Including savings banks. Money and quasi-money include deposits of nonbank financial in stitutions in the banking system.

Includes, as a net item, deposits of the Banque Algérienne de Développement and ministries with the central bank.

Includes impact of banks’ restructuring packages. The conversion of banks’ claims on public enterprises in banks’ claims on the government results, other things being equal, in a decrease in credit to the economy and an equal increase in credit to the government.

Sources: Bank of Algeria; and Fund staff estimates.

Including savings banks. Money and quasi-money include deposits of nonbank financial in stitutions in the banking system.

Includes, as a net item, deposits of the Banque Algérienne de Développement and ministries with the central bank.

Includes impact of banks’ restructuring packages. The conversion of banks’ claims on public enterprises in banks’ claims on the government results, other things being equal, in a decrease in credit to the economy and an equal increase in credit to the government.

Table 25.Algeria: Summary Balance Sheet of the Bank of Algeria, 2006–10
20062007200820092010
(In billions of dinars)
Net foreign assets5,526.37,382.910,227.510,864.912,005.6
Net domestic assets-4,191.0-5,653.8-8,302.0-8,651.7-9,399.7
Credit to government-2,510.7-3,294.8-4,365.7-4,402.0-4,930.2
Credit to banks0.00.00.00.00.0
Other credit1.31.51.51.41.4
Other items net-1,681.6-2,360.5-3,937.8-4,251.1-4,470.9
Reserve money1,335.31,729.01,925.52,214.22,606.0
Currency in circulation1,092.11,301.31,561.71,849.92,132.2
Bankers deposits 1/243.2427.7363.8364.3473.8
(Annual change; in billions of dinars)
Net foreign assets1,374.81,856.62,844.6638.41,139.8
Net domestic assets-1,202.8-1,462.8-2,648.2-349.7-748.0
Credit to government-524.2-784.1-1,070.9-36.3-528.2
Credit to banks0.00.00.00.00.0
Other credit0.50.20.0-0.10.0
Other items net-679.1-678.9-1,577.3-313.3-219.8
Reserve money172.0393.7196.5288.7391.8
Currency in circulation161.8209.2260.4288.2282.3
Bankers deposits 1/10.1184.5-63.90.5109.5
(Annual percentage change)
Net foreign assets33.133.638.56.210.5
Net domestic assets40.334.946.84.28.6
Credit to government26.431.232.50.812.0
Credit to banks1.02.03.03.04.0
Reserve money14.829.511.415.017.7
Currency in circulation17.419.220.018.515.3
Bankers deposits 1/4.475.8-14.90.130.1
Source: Bank of Algeria.

Includes deposits of nonbank financial institutions.

Source: Bank of Algeria.

Includes deposits of nonbank financial institutions.

Table 26.Algeria: Summary Balance Sheet of Deposit Money Banks, 2006–10
200520062007200820092010
(In billions of dinars)
Net foreign assets27.9-11.33.516.811.6-15.2
Assets91.683.944.671.158.028.7
Liabilities63.695.341.254.346.443.9
Net domestic assets2,916.63,530.84,232.95,011.04,938.85,565.6
Domestic credit2,543.32,774.92,928.32,894.13,426.73,951.9
Credit to government765.9870.8723.1278.6340.2683.8
Credit to the economy1,777.41,904.12,205.22,615.53,086.53,268.1
Of which: private sector881.61,055.71,216.01,413.31,600.61,806.7
Claims on central bank684.81,169.91,969.52,848.92,441.72,528.8
Central bank deposit auction499.8907.01,583.12,500.42,122.12,097.7
Other deposits185.1262.9386.4348.5319.6431.1
Of which: required reserves171.5209.0272.1224.9239.7323.4
Cash in vault9.210.716.321.720.633.6
Other items (net)-368.0-424.7-681.2-753.7-950.2-948.7
Of which: MLT foreign liabilities-20.6-19.4-14.7-11.4-8.5-6.6
Domestic liabilities
Demand deposits1,220.41,750.42,570.42,965.12,541.92,804.4
Time deposits1,724.21,769.11,761.01,991.02,228.92,524.3
Central bank refinancing0.00.00.00.00.00.0
(Annual change; in billions of dinars)
Net foreign assets17.8-39.214.813.4-5.2-26.8
Net domestic assets221.3614.2702.1778.1-72.2626.8
Credit to government29.0104.9-147.7-444.561.6343.6
Credit to the economy243.1126.7301.1410.3471.0181.6
Claims on central bank12.4485.0799.6879.4-407.287.1
Other-109.7-55.2-250.9-67.1-197.614.5
Domestic liabilities239.2575.0811.9624.7-185.3557.9
(Annual percentage change)
Foreign assets19.5-8.3-46.859.4-18.4-50.5
Foreign liabilities-4.349.7-56.831.8-14.5-5.4
Net domestic assets8.221.119.918.4-1.412.7
Credit to government3.913.7-17.0-61.522.1101.0
Credit to the economy15.87.115.818.618.05.9
Claims on central bank1.870.868.444.7-14.33.6
Other44.115.460.610.127.0-1.6
Domestic liabilities8.819.523.114.4-3.711.7
Source: Bank of Algeria.
Source: Bank of Algeria.
Table 27.Algeria: Distribution of Credit to the Economy by Maturity, 2006–10 1/
20062007200820092010
(In billions of dinars; end-of-period)
Short-term915.71,026.11,189.41,320.51,311.0
Medium-term786.4828.0910.0852.1904
Long-term203.3351.1516.1913.901,053.1
Total1,905.42,205.22,615.53,086.53,268.1
(Annual percentage change)
Short-term-0.812.115.911.0-0.7
Medium-term5.25.39.9-6.46.1
Long-term86.572.747.077.115.2
Total7.115.718.618.05.9
(In percent of total credit)
Short-term48.146.545.542.840.1
Medium-term41.337.534.827.627.7
Long-term10.715.919.729.632.2
Total100.0100.0100.0100.0100.0
Source: Bank of Algeria.

Conversions of banks’ claims on public enterprises to claims on the government results, other things being equal, in a decrease in credit to the economy.

Source: Bank of Algeria.

Conversions of banks’ claims on public enterprises to claims on the government results, other things being equal, in a decrease in credit to the economy.

Table 28.Algeria: Distribution of Credit to the Economy by Sector, 2006–10
20062007200820092010
(In billions of dinars; end of period)
Public sector847.0988.91,201.91,485.11,460.6
Private sector1,057.012161,413.31,600.61,806.7
Local administration1.40.30.30.80.8
Total1,905.42,205.22,615.53,086.53,268.1
(Annual percentage change)
Public sector-4.016.821.523.6-1.6
Private sector17.815.016.213.312.9
Local administration1,300.0-78.60.0166.70.0
Total7.115.718.618.05.9
(In percent of total credits)
Public sector44.544.846.048.144.7
Private sector55.555.154.051.955.3
Local administration0.10.00.00.00.0
Total100.0100.0100.0100.0100.0
Source: Bank of Algeria.
Source: Bank of Algeria.
Table 29.Algeria: Structure of Interest Rates, 2006–10(In percent per annum)
December
20062007200820092010
Central bank deposit auction 1/1.861.921.44
Central bank rediscount4.04.044.04.0
Central bank overdraft19.019.019.019.019.0
Money market
Repurchase agreements
Central bank credit auction
Commercial banks’ deposit rates1.25-2.501.25-2.501.25-2.501.25-2.501.25-2.50
Commercial banks’ lending rates5.50-9.005.50-9.005.50-9.005.50-9.005.50-9.00
CNEP (savings and housing bank)
Deposit rates
Savings accounts2.0-5.02.0-5.02.0-5.12.0-2.52.0-2.5
Housing accounts5.05.05.05.05.0
Lending rates (housing)
Individuals5.75-7.505.50-5.755.50-5.755.50-5.755.50-5.76
Developers0.7-2.00.7-2.00.7-2.00.7-2.00.7-2.0
Treasury securities
13 weeks1.440.200.180.320.18
26 weeks1.650.330.190.350.21
52 weeks2.382.60
2 years2.812.90
5 years3.163.25
7 years4.004.00
10 years4.264.50
Memorandum item:
Consumer price index (average percentage change)2.53.54.55.73.9
Source: Algerian authorities.

One-week tender rate for 2002-04; weighted average of one- and three-month tender rates thereafter.

Source: Algerian authorities.

One-week tender rate for 2002-04; weighted average of one- and three-month tender rates thereafter.

Table 30.Algeria: Number of Branches of Financial Institutions, 2006–10
20062007200820092010
Bank of Algeria4949494949
Banque de l’Agriculture et du Développement Rural (BADR)291291290290290
Banque de Développement Local (BDL)146146147148149
Banque Exterieure d’Algerie (BEA)8484869191
Banque Nationale d’Algérie (BNA)176184189197199
Credit Populaire d’Algérie (CPA)132133136137139
Caisse Nationale d’Epargne et de Prévoyance (CNEP)201206209209209
Société de Refinancement Hypothécaire (SRH)11111
Caisse Nationale de Mutualite Agricole (CNMA)6262626262
Union Bank00000
El-Khalifa Bank00000
Mouna Bank00000
Banque Commerciale et Industrielle d’Algérie (BCIA)00000
Algerian International Bank00000
Arcobank00000
Compagnie Algérienne de Banque (CAB)00000
Bank El Baraka1617202021
Citibank44444
Arab Banking Corporation (ABC Algeria)67101213
Société Générale2437535463
Natexis El Amana Bank410121213
Al Rayan Algerian Bank00000
Arab Bank24444
BNP Paribas El-Djazair1836464955
Banque Générale Méditerranéenne00000
TRUST Bank—Algeria336711
The Housing Bank for Trade and Finance—Algeria22444
Gulf Bank—Algeria11131321
Sofinance11111
Arab Leasing Corporation23333
Cetelem11111
Fransabank el dzajair01112
Calyon Algeria01111
HSBC -El Djazair01112
Al Salem Bank01122
Société algérienne de leasing immobilier11000
Maghreb Leasing Algérie11112
Total1,2281,2881,3511,3741,412
Source: Bank of Algeria.
Source: Bank of Algeria.
Table 31.Algeria: Balance of Payments, 2006–10(In billions of U.S. dollars; unless otherwise indicated)
20062007200820092010
Current account29.030.634.50.412.2
Trade balance34.134.240.67.818.2
Exports, f.o.b.54.760.678.645.257.1
Hydrocarbons53.659.677.244.456.1
Other exports1.11.01.40.81.0
Imports, f.o.b.-20.7-26.4-38.0-37.4-38.9
Services and income (net)-6.7-5.9-8.9-10.0-8.7
Services (net)-2.2-4.0-7.6-8.7-8.3
Credit2.62.93.53.03.6
Debit-4.8-6.9-11.1-11.7-11.9
Income (net)-4.5-1.8-1.3-1.3-0.4
Credit2.43.85.14.74.6
Debit-6.9-5.6-6.5-6.1-5.0
Of which:
Interest payments-0.8-0.2-0.2-0.2-0.1
Profit repatriation-6.2-5.4-4.6-5.9-4.9
Transfers (net)1.62.22.8-3.9-4.0
Capital account-11.2-1.12.53.53.4
Direct investment (net)1.81.42.32.53.5
Loans (net)-11.9-0.8-0.41.50.1
Drawings1.00.50.82.20.6
Amortization-12.9-1.3-1.3-0.7-0.4
Short-term capital and errors and omissions-1.1-1.70.6-0.6-0.2
Overall balance17.729.637.03.915.6
Financing-17.7-29.6-37.03.915.58
Official reserves (increases -)-17.7-29.6-37.0-3.9-15.58
Fund repurchases0.00.00.00.00.0
Memorandum items:
Current account balance (in percent of GDP)24.722.520.10.37.6
Algerian crude oil export unit value (US$/barrel) 1/65.774.7100.062.380.15
Gross official reserves (in billions of US$)77.8110.2143.1148.9162.2
In months of next years’ imports of goods and services28.027.435.236.438.3
Gross external debt (in billions of US$)5.65.15.65.75.7
External debt/exports (in percent)10.28.46.810.910.0
External debt/GDP (in percent)4.83.83.33.83.5
Debt service (in billions of US$)13.61.51.51.10.5
Debt service/exports (in percent)24.92.51.82.20.9
Interest payments/exports (in percent)1.40.40.20.40.2
GDP (in billions of US$)116.8135.3171.0139.8160.8
Sources: Algerian authorities; and Fund staff estimates.

Weighted average of quarterly data.

Sources: Algerian authorities; and Fund staff estimates.

Weighted average of quarterly data.

Table 32.Algeria: Exports and Imports, 2006–10
20062007200820092010
(In millions of U.S. dollars)
Exports
Food7388122113306
Hydrocarbon53,60859,60577,19544,41556,121
Raw materials195170339169165
Semi finished765640853393434
Agricultural equipment11101
Industrial equipment4446774227
Consumer goods4435354934
Other105852
Total54,74060,59078,63045,18657,090
Of which: nonhydrocarbon1,1329851,426766969
Imports
Food3,5724,6567,2735,5125,726
Energy2303051,722516888
Raw materials7921,2451331,1281,335
Semi finished4,6376,6789,2519,5579,446
Agricultural equipment90137161219325
Industrial equipment8,0159,36114,09614,14114,794
Consumer goods2,8303,5464,1255,8685,687
Direct investment in kind515420631462684
To tal20,68126,34837,39137,40338,885
(In percent)
As share of total exports
Nonhydrocarbon2.11.61.81.71.7
As share of total imports
Food as share of imports17.317.719.514.714.7
Industrial goods38.835.537.737.838.0
Consumer goods13.713.511.015.714.6
Source: Algerian authorities.
Source: Algerian authorities.
Table 33.Algeria: Volume of Hydrocarbon Exports, 2006–10
20062007200820092010
(In billions of BTUs)
Liquid petroleum products
Crude oil1,7351,7081,545.71,371.01,301.6
Condensate598576580.9467.4271.6
Refined petroleum products492432456.0473.0618.4
LPG295337338.0307.7267.2
Total liquid petroleum3,1203,0532,920.62,619.12,458.8
Natural gas piped and LNG
Natural gas piped1,4161,3261,462.81,250.6732.2
LNG912934811.6791.81,415.2
Total gas2,3282,2602,274.42,042.42,147.4
Total hydrocarbon5,4485,3135,195.04,661.54,606.2
(In percent of total hydrocarbon volume)
Liquid petroleum products
Crude oil31.932.129.829.428.3
Condensate11.010.811.210.05.9
Refined petroleum products9.08.18.810.113.4
LPG5.46.36.56.65.8
Total57.357.556.256.253.4
Natural gas and LNG
Natural gas26.025.028.226.815.9
LNG16.717.615.617.030.7
Total42.742.543.843.846.6
Source: Algerian authorities.
Source: Algerian authorities.
Table 34.Algeria: Hydrocarbon Exports, 2006–10
20062007200820092010
Crude oil
Value (in millions of US$)22,69725,37430,51416,85620,725
Of which: Profit repatriation of partners4,6252,9893,5932,9633,117
Volume (in millions of barrels)345.3339.5305.5272.8258.7
Unit price (in US$ per barrel)65.774.799.962.280.2
Condensate
Value (in millions of US$)7,2688,49810,0905,1464,269
Of which: Profit repatriation of partners153228221232196
Volume (in millions of barrels)119.1114.9115.893.354.3
Unit price (in US$ per barrel)61.073.987.255.279
Refined petroleum products
Value (in millions of US$)4,7565,83873105,3739,219.5
Volume (in millions of barrels)767882.385.4111.6
Unit price (in US$ per barrel)62.875.388.862.982.6
LPG
Value (in millions of US$)3,6264,5455,7083,2174,087
Of which: Profit repatriation of partners239367365469373
Volume (in millions of barrels)82.087.381.574.164.3
Unit price (in US$ per barrel)44.252.170.043.463.5
LNG
Value (in millions of US$)6,3836,7259,0925,5985,879
Volume (in billions of c.m. dry gas equivalent)24.024.134.634.731.2
Unit price (in US$ per thousand c.m.)266.4279.6262.7161.3188.6
Natural gas piped (NG)
Value (in millions of US$)8,8778,62514,4818,22511,942
Of which: Profit repatriation of partners271311383258251
Volume (in billions of c.m.)37.935.439.033.637.8
Unit price (in US$ per thousand c.m.)234.5243.8371.3244.8311.6
Total hydrocarbon receipts (in million of US$)53,60859,60577,19544,41556,122
Of which: Share of Sonatrach’s partners5,2883,8954,5623,9213,938
Oil products71.574.269.568.968.2
Crude oil42.342.639.538.036.9
Condensate13.614.313.111.67.6
Refined petroleum products8.99.89.512.116.4
LPG6.87.67.47.27.3
Gas28.525.830.531.131.8
LNG11.911.311.812.610.5
NG16.614.518.818.521.3
Source: Algerian authorities.
Source: Algerian authorities.
Table 35.Algeria: Trade Indices, 2005-09
20062007200820092010
(1995 = 100)
Total export volume index267.6264.0256.7229.2223.7
Nonhydrocarbon export volume index265.7208.2274.4168.4208.9
Total import volume index135.3154.2175.8200.4228.5
Food import volume index150.4173.1234.6209.2193.4
Terms of trade index324.3326.7400.3293.0360.0
(Annual percentage change)
Total export volume index-1.7-1.3-2.8-10.7-2.4
Nonhydrocarbon export volume index47.9-21.731.8-38.624.0
Total import volume index-5.714.014.014.014.0
Food import volume index-4.615.135.5-10.8-7.6
Terms of trade index9.60.822.5-26.822.9
Sources: Algerian authorities; and Fund staff calculations.
Sources: Algerian authorities; and Fund staff calculations.
Table 36.Algeria: External Debt, 2006–10 1/(In millions of U.S. dollars; unless otherwise indicated)
20062007200820092010
Total external debt5,6745,6065,5865,4135,164
Long-term debt5,1244,8894,2823,9213,386
Official creditors2,28124012,0732,1412,855
Multilateral (excluding IMF)40222610109
Of which: World Bank119113000.52
Bilateral1,8792,1752,0632,1312,846
Concessional1,5351,7771,6851,7412,325
Private creditors2,8432,4882,2091,780531
Commercial banks2949887350
Supplier 2/921662110
Other private2,7222,4232,1151,686471
IMF00000
Short-term debt5507171,3041,4921,778
Disbursements33940619956
Official creditors1261961798155
Multilateral (excluding IMF)67108300
Of which: World Bank9300
Bilateral59881768155
Private creditors751432271182
IMF purchases00000
Principal repayment12,7269761,067875483
Official creditors10,851228914437151
Multilateral (excluding IMF)2,3403010421
Of which: World Bank6771710411
Bilateral8,511199810435150
Private creditors1,723412153438256
IMF repurchases00000
Interest payments610200151125105
Official creditors43562109031
Multilateral (excluding IMF)11813200
Of which: World Bank217200
Bilateral316481078430
Private creditors12273424171
IMF charges10000
Short-term debt
Total debt service13,3511,1751,2181,000509
Official creditors11,2862901,023522181
Multilateral (excluding IMF)2,4584310721
Bilateral8,828247916519180
Private creditors1,845485195478327
IMF repurchases and charges10000
Short-term debt150000
Sources: Algerian authorities; and Fund staff calculations.
Sources: Algerian authorities; and Fund staff calculations.
Table 37.Nominal and Real Effective Exchange Rates, 1990-2010(2005 = 100)
Q1Q2Q3Q4
Nominal effective exchange rate
1990722.7693.3599.6500.1
1991341.9329.3329.1253.0
1992253.5254.4248.7257.0
1993262.4260.4262.5265.0
1994266.8176.6157.0144.0
1995137.9125.1114.8113.5
1996111.1110.8109.1109.6
1997114.6117.7119.3121.2
1998124.4124.6124.1122.0
1999117.5115.5117.4117.2
2000116.9116.9115.6116.5
2001118.1121.0120.7121.7
2002121.1115.2109.4108.7
2003104.6100.6103.0105.9
2004103.4106.4104.298.8
200597.599.0101.0102.5
2006101.799.899.199.8
200799.297.899.497.0
200895.897.3104.3106.3
2009100.996.692.991.1
201093.897.094.892.5
Real effective exchange rate
1990240.6245.2216.2191.0
1991137.2136.8141.7117.1
1992123.3134.0141.0148.5
1993156.9162.3165.9172.7
1994185.8131.5126.0123.7
1995126.3118.7114.4115.6
1996118.1122.5121.5122.4
1997127.2129.3132.0134.5
1998137.9137.8137.9135.0
1999128.5126.1127.2125.3
2000124.4121.6118.8118.7
2001120.6125.4125.2127.0
2002125.1116.3110.1108.7
2003103.1101.1104.4107.8
2004104.9107.6105.499.9
200599.3100.399.7100.7
2006101.199.998.1100.0
200798.897.4100.297.4
200897.099.1106.6110.2
2009106.4102.4100.498.7
2010100.9105.2103.4100.2
Source: International Monetary Fund.
Source: International Monetary Fund.

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