Algeria government has announced that the country‘s economy grew by 3.9% in 2015, up from a 3.8 % the previous year. The growth was boosted by higher output in agricultural sector, the government said. Last year the country’s growth was slightly higher than the 3.8% government forecast and the 3.7% International Monetary Fund (IMF) expectations. The country relies heavily on oil and gas, which makes up 60 percent of the state budget and 95% of total exports.
Algeria has been trying to diversify the economy through incentives to develop the non-petroleum sector after the fall in crude oil prices but efforts are still in their infancy. According to the National Statistics data released recently, Hydrocarbon sector grew 0.4% last year after a 0.6% decline in 2014. Growth in the non-oil sector stood at 5.5% in 2015 slightly lower than the 5.6% the previous year.
However, agriculture output grew by 7.6%, up from 2.5% in 2014, the figures showed. The country’s grain output in 2015 reached 4 million tonnes, a 14.3% rise from 2014.
Algeria is a sovereign state in North Africa on the Mediterranean coast. Its capital and most populous city is Algiers, located in the country’s far north. With an area of 2,381,741 sq km (919,595 sq mi), Algeria is the tenth-largest country in the world, and the largest in Africa and the Arab world.
Algeria is bordered to the northeast by Tunisia, to the east by Libya, to the west by Morocco, to the southwest by Western Sahara, Mauritania, and Mali, to the southeast by Niger, and to the north by the Mediterranean Sea. The country is a semi-presidential republic consisting of 48 provinces and 1,541 communes.