Economic Project on Algeria resources

Part 3: resources

What are country’s natural resources? Is country importing/exporting energy?

Algeria is the country that has wide range of natural resources in managing country growth structure. The main natural resources of Algeria are based on natural gas, petroleum, uranium, iron ore, zinc, lead and phosphate.  The oil and gas sector of Algeria is major strength of economy growth.  

The oil and gas production in the Algeria has pertained to reveals best economical sustainability. Algeria is one of the leading producers of natural gas in Africa. Algeria is the number second in the Europe of natural gas supplier.  The share of renewable energy in the Algeria is mix with but limited.  The generation capacity of Algeria comes from combined cycle plants and gas fired to produce energy resource. (Eia.gov, 2014)

In this way Algeria earned specific growth in gross domestic product.  The government of Algeria takes necessary measurement in reduction of dependency in oil and gas and initiated renewable energy source to meet the domestic demand of Algeria. Algeria electricity domestically produces about 53.99 billion KWH in estimated 2012.  On the other hand the consumption of electricity is about 42.87 billion KWH estimated in 2012. The Algeria exports energy about 985 million KWH in 212. (CIA.gov, 2015)

What are country’s major exports and imports? What are country’s trading partners?

Imports & trading partners:

 The main imports of Algeria are capital goods, consumer goods and food stuffs and major imported partners are France, china, Spain, US, Italy  and Germany.  These are the major trading partners of importing goods to sustain its economic sustainability. (CIA.gov, 2015)

Exports & trading partners:

The exports of Algeria based on the natural gas, petroleum, and other petroleum products.  The exporting partners of Algeria includes Iran, Egypt, New Zealand,  republic of Congo, US, UAE, Thailand and Benin.  Each trading partners has certified percentages accommodated with the Algeria trading partners. (CIA.gov, 2015)

Economic Project on Algeria resources ABC Date Part 3: resources What are country’s natural resources? Is country importing/exporting energy? Algeria is the country that has wide range of natural resources in managing country growth structure. The main natural resources of Algeria are based on natural gas, petroleum, uranium, iron ore, zinc, lead and phosphate. The oil and gas sector of Algeria is major strength of economy growth. The oil and gas production in the Algeria has pertained to reveals best economical sustainability. Algeria is one of the leading producers of natural gas in Africa. Algeria is the number second in the Europe of natural gas supplier. The share of renewable energy in the Algeria is mix with but limited. The generation capacity of Algeria comes from combined cycle plants and gas fired to produce energy resource. CITATION Eia14 \l 1033 (Eia.gov, 2014)In this way Algeria earned specific growth in gross domestic product. The government of Algeria takes necessary measurement in reduction of dependency in oil and gas and initiated renewable energy source to meet the domestic demand of Algeria. Algeria electricity domestically produces about 53.99 billion KWH in estimated 2012. On the other hand the consumption of electricity is about 42.87 billion KWH estimated in 2012. The Algeria exports energy about 985 million KWH in 212. (CIA.gov, 2015)What are country’s major exports and imports? What are country’s trading partners? Imports & trading partners: The main imports of Algeria are capital goods, consumer goods and food stuffs and major imported partners are France, china, Spain, US, Italy and Germany. These are the major trading partners of importing goods to sustain its economic sustainability. CITATION CIA15 \l 1033 (CIA.gov, 2015) Exports & trading partners: The exports of Algeria based on the natural gas, petroleum, and other petroleum products. The exporting partners of Algeria includes Iran, Egypt, New Zealand, republic of Congo, US, UAE, Thailand and Benin. Each trading partners has certified percentages accommodated with the Algeria trading partners. CITATION CIA15 \l 1033 (CIA.gov, 2015)Is country a member of an international agency? If yes, what is the country’ relationship with outside agencies (World Bank, IMF, any trade organizations, OPEC and so on...) Yes, Algeria has member of international agency and has relationship with outside agencies including AfDB African development bank, AU African union, Arab bank economic development Africa ABEDA, International economic agency and international bank for reconstruction and development called World Bank. These are the major international agencies associated with the Algeria. (CIA.gov, 2015)In 1969 Algeria is a member of organization of petroleum exporting countries OPEC. The economy of Algeria is heavily based on the hydrocarbon sector that provides revenue generation approximately 30% of country gross domestic product GDP, and earns more than 95% export earnings. This shows that Algeria is the country that has 60% of budget revenues stated by international monetary fund. The oil and gas natural resource exports about $ 63.8 billion in 2013. CITATION Eia14 \l 1033 (Eia.gov, 2014)References: BIBLIOGRAPHY \l 1033 CIA.gov. (2015). AFRICA :: ALGERIA. Retrieved December 3, 2015, from https://www.cia.gov/library/publications/the-world-factbook/geos/ag.html Eia.gov. (2014). International energy data and analysis. Retrieved December 4, 2015, from https://www.eia.gov/beta/international/analysis.cfm?iso=DZA

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