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Algeria’s Economic Gains

Algeria’s Economic Gains

On November 4, 2026, the International Monetary Fund said that Algeria had made encouraging progress toward diversifying its economy, and that its efforts were beginning to bear fruit, with the contribution of non-oil sectors to real GDP and goods exports rising gradually. The Fund identified natural resources, investment, reforms, and links with African and European markets as strengths, alongside the hydrocarbons sector, which makes Algeria one of Africa’s largest energy exporters. Algeria’s strategy is based on major projects and on encouraging production and exports outside the hydrocarbons sector. It includes mining, food and water security, the development of transport and trade, and efforts to facilitate investment.

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