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The economic indicators praised by the International Monetary Fund are in line with the choices made by Algerian President Abdelmadjid Tebboune to build a diversified economy and strengthen domestic production, investment, and the private sector, which accounts for 85% of the economy. Algeria’s gross domestic product is approaching $332 billion, and the country aims to increase its foreign exchange reserves to more than $29 billion by 2031 while keeping external debt below 1% of GDP. The plan includes developing mining, agriculture, and food industries, and supporting non-oil exports, while protecting purchasing power and continuing social support without introducing new direct taxes.
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