Algeria

Join Date
Projects
395
Completed
393
Active
2
Total Funding
3.0bn
Capital Subscription
1.3bn
Percentage Total Capital
2.54%

Algeria has joined the IsDB on August 12, 1974 among the founding member. The Board of Executive Directors approved the first IsDB operation for Algeria on January 01, 1977 and the latest operation was approved on March 19, 2017. Its capital subscription is ID1,285.6 million (2.5%). Algeria is an upper middle-income country with large reserves of natural gas and other hydrocarbons. In 2017, the GDP per capita was estimated at US$4,292. It has a population of 41.5 million inhabitants (2017 estimate) and land area of 2,381,741 sq.km.

Algeria is one of the largest suppliers of natural gas to the EU, and projects to increase oil and gas revenue over the coming decade should underpin strong levels of real GDP growth. Agriculture accounts for around 11% of GDP and employs around 10.8% of the labor force. The services sector accounts for around 43.3% of GDP and industry for around 45.7% of GDP.

Governor
H.E Abderrahmane Raouya
Minister of Finance
Alternate Governor
H.E Mr. Mohamed Zemmouri
Director General of Prospective at the Ministry of Finance