![]() |
||||
|
|
||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Embassies Chinese Embassy in Algeria Ambassador: Liu Yuhe Address: 34,Boulevard des Martyrs, Alger, Algérie Tel: 00213-21-692724 or 692962 Fax: 00213-21-693056,693124,693086 Website: http://dz.chineseembassy.org Email: chinaemb_dz@mfa.gov.cn Embassy of the Democratic People's Republic of Algeria in Beijing Ambassador: H.E. Mr. Djamel Eddine Grine Address: No. 7, San Li Tun Road, Chaoyang District Postal Code: 100600 Tel: (+86)10 6532 1231, 65321496 (+86)10 6532 1220 (for Military Attaché's Office) Fax: (+86)10 6532 1648 |
|||
| Economy The hydrocarbons sector is the backbone of the economy, accounting for roughly 60% of budget revenues, 30% of GDP, and over 95% of export earnings. Algeria has the eighth-largest reserves of natural gas in the world and is the fourth-largest gas exporter; it ranks 15th in oil reserves. Sustained high oil prices in recent years have helped improve Algeria's financial and macroeconomic indicators. Algeria is running substantial trade surpluses and building up record foreign exchange reserves. Algeria has decreased its external debt to less than 5% of GDP after repaying its Paris Club and London Club debt in 2006. Real GDP has risen due to higher oil output and increased government spending The government's continued efforts to diversify the economy by attracting foreign and domestic investment outside the energy sector, however, has had little success in reducing high unemployment and improving living standards |
|||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||