Front Matter Page
© 2000 International Monetary Fund
August 2000
IMF Staff Country Report No. 00/105
Algeria: Recent Economic Developments
This Recent Economic Developments report on Algeria was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. As such, the views expressed in this document are those of the staff team and do not necessarily reflect the views of the Government of Algeria or the Executive Board of the IMF.
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Front Matter Page
INTERNATIONAL MONETARY FUND
ALGERIA
Recent Economic Developments
Prepared by Garbis Iradian, Stefania Bazzoni, and Hervé Joly
Approved by the Middle Eastern Department
June 21, 2000
Contents
Basic Data
I. Introduction
II. Real Sector Developments
A. Overall Developments
B. Hydrocarbon Sector
C. Industry
D. Labor Market
E. Inflation
III. Public Finance
A. Introduction
B. Revenue Developments in 1998-99
C. Expenditure Developments in 1998-99
IV. Financial Sector
A. Banking System
B. Financial Markets
C. Monetary Policy
D. Recent Monetary Developments
V. External Sector
A. Balance of Payments
B. External Debt
C. Trade Policy
D. Exchange Rate Policy
Charts
1. Fiscal Developments, 1993-99
2. Fiscal Indicators, 1994-99
3. Composition of Revenue and Expenditures, 1999
4. Hydrocarbon Revenue, Fiscal Balance, and Oil Prices, 1994-99
5. Personnel Expenditure and Current Transfers, 1994-99
6. Expenditure by Functional Classification, 1997-98
7. Composition of Hydrocarbon Exports, 1988-99
8. Balance of Payments, 1986-99
9. External Debt, 1986-99
Text Tables
1. Summary of Central Government Operations, 1993-99
2. Central Government Nonhydrocarbon Revenue, 1993-99
3. Input Taxes Indicators, 1998-99
4. Central Government Expenditure, 1993-99
Statistical Appendix Tables
5. Supply and Use of Resources at Current Prices, 1995-99
6. Sectoral Distribution of GDP at Current Prices, 1995-99
7. Sectoral Distribution of Real GDP Growth, 1995-99
8. Production, Exports, and Consumption of Petroleum Products, 1994-98
9. Production, Exports, and Consumption of Gas Products, 1994-98
10. Domestic Prices of Major Energy Products, 1994-98
11. Land Use Patterns, 1994-98
12. Crop Yields, 1994-98
13. Livestock, 1994-98
14. Index of Industrial Production in Public Enterprises, 1995-99
15. Production of Minerals, 1995-99
16. Consumer Price Index, 1995-99
17. Income of Households, 1995-99
18. Gross and Net Wages in Public Enterprises, 1994-96
19. Labor Force, Employment, and Unemployment, 1994-97
20. Summary of Central Government Operations, 1995-99
21. Composition of Central Government Revenue, 1995-99
22. Central Government Revenue, 1995-99
23. Composition of Central Government Expenditure, 1995-99
24. Central Government Expenditure, 1995-99
25. Sectoral Allocation of Budgetary Capital Expenditure, 1995-99
26. Central Government Domestic Debt, 1995-99
27. Rehabilitation Fund Operations, 1995-99
28. Compensation Fund Operations, 1995-99
29 Housing Supply, 1995-99
30. Monetary Survey, 1995-99
31. Balance Sheet of the Bank of Algeria, 1995-99
32. Distribution of Credit to the Economy by Maturity, 1995-99
33. Distribution of Credit to the Economy by Sector, 1995-99
34. Structure of Interest Rates, 1995-99
35. Balance of Payments, 1995-99
36. Volume of Hydrocarbon Exports, 1995-99
37. Exports of Hydrocarbons, 1995-99
38. Trade Indices, 1995-99
39. External Debt, 1994-98
40. Stock of External Debt, Disbursement of Loans, and Debt by Creditor, End-1997
41. Breakdown of Imports and Exports, 1995-99
42. Nominal and Real Effective Exchange rate, 1990-99
Appendix
I. Summary of the Tax System