Diplomatic representation from the US: chief of mission: Ambassador Janet A. SANDERSON embassy: 4 Chemin Cheikh Bachir El-Ibrahimi, Algiers mailing address: B. P. Box 549, Alger-Gare, 16000 Algiers telephone: [213] (21) 69-11-86, 69-12-55, 69-18-54, 69-38-75 FAX: [213] (21) 69-39-79
Flag description: two equal vertical bands of green (hoist side) and white; a red, five-pointed star within a red crescent centered over the two-color boundary; the crescent, star, and color green are traditional symbols of Islam (the state religion)
Economy Algeria
Economy - overview: 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 fifth-largest reserves of natural gas in the world and is the second largest gas exporter; it ranks 14th in oil reserves. Algeria's financial and economic indicators improved during the mid-1990s, in part because of policy reforms supported by the IMF and debt rescheduling from the Paris Club. Algeria's finances in 2000 and 2001 benefited from the temporary spike in oil prices and the government's tight fiscal policy, leading to a large increase in the trade surplus, record highs in foreign exchange reserves, and reduction in foreign debt. The government's continued efforts to diversify the economy by attracting foreign and domestic investment outside the energy sector has had little success in reducing high unemployment and improving living standards. In 2001, the government signed an Association Treaty with the European Union that will eventually lower tariffs and increase trade.
GDP: purchasing power parity - $177 billion (2001 est.)
GDP - real growth rate: 3.8% (2001 est.)
GDP - per capita: purchasing power parity - $5,600 (2001 est.)
GDP - composition by sector: agriculture: 17% industry: 33% services: 50% (2000 est.)
Population below poverty line: 23% (1999 est.)
Household income or consumption by percentage share: lowest 10%: 4.4% highest 10%: 25% (1995)