Algeria

Algeria, the largest country in Africa by area, has a hydrocarbon-dominated economy: oil and especially natural gas provide the overwhelming majority of export earnings and government revenue.

This dependence leaves the economy vulnerable to energy prices, and the state remains heavily involved. Algeria has become an increasingly important gas supplier to Europe since the loss of Russian supplies.

Key Sectors

The economy is dominated by oil and natural gas, with agriculture and a state-heavy industrial sector; efforts to diversify and attract investment have made limited progress.