Engage In Algeria

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About Algeria

Capital City

Algiers

Population

45,606,480

Currency

The currency in Algeria is the Algerian Dinar (DZD). The currency symbol is دج‎.

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Overview

Algeria, located in North Africa, is a gateway between Africa and Europe. With a history of violence and struggle, the country has made significant economic development and human rights strides. The Sahara desert covers much of the land, while oil and gas reserves discovered in the 1950s have become crucial to the Algerian economy. Following a prolonged war for independence from France in the 1960s, Algeria experienced internal conflict after canceling elections in 1992. Over a million people lost their lives during these periods of violence. However, Algeria has emerged from these turbulent times and has progressed in various areas. Energy exports, particularly natural gas, play a vital role in the Algerian economy, supplying large amounts to Europe. The hydrocarbon sector has been instrumental in supporting economic growth. The country has rebounded from the COVID-19-induced recession in recent years, with a notable GDP growth of 3.4% in 2022. The recovery was driven by increased hydrocarbon output and a rise in world oil prices. Despite these positive developments, challenges persist. Poverty and high unemployment rates remain significant issues, particularly among youth. The government faces public discontent due to chronic corruption, poor public services, and socio-economic inequalities. Efforts to address these concerns have included infrastructure investment, redistributive social policies, and recognition of minority languages. Algeria’s rich history and diverse cultural influences contribute to its unique identity. Berbers, who make up around 30% of the population, have managed to preserve their language and culture despite the spread of Arab influence. The country continues to navigate its path toward economic prosperity, social development, and political stability while addressing the needs and aspirations of its citizens.

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