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Book Cover
Author Sorsa, Piritta, 1955-

Title Algeria-- the real exchange rate, export diversification, and trade protection / prepared by Piritta Sorsa
Published [Washington, D.C.] : International Monetary Fund, Policy Development and Review Department, [1999]
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Description 1 online resource (24 pages) : illustrations
Series IMF working paper ; WP/99/49
IMF working paper ; WP/99/49
Summary The oil sector has been a dominant feature of Algeria's economy for decades making it vulnerable to changes in world oil markets. Dependence on oil and related products is striking even when compared to a number of other oil-exporting countries (Table 1)-hydrocarbons in Algeria accounted for 95 percent of exports, 60 percent of government revenue, and 30 percent of GDP in 1997. Therefore, the reduction in the dependence on oil and other hydrocarbons including the development of other exports, and the creation of a sustainable basis for growth have been the main long term objectives of the government's adjustment effort since 1994. But despite successful stabilization in the past few years, progress in the structural areas has been slower. The pickup of growth in the nonhydrocarbon sector and exports has not yet materialized. For example, non-oil exports in 1998 were still only 5 percent of total
Bibliography Includes bibliographical references (page 24)
Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. MiAaHDL
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Print version record
Subject Exports -- Algeria.
Foreign exchange rates -- Algeria.
Free trade -- Algeria.
Petroleum industry and trade -- Algeria.
Protectionism -- Algeria.
Algeria -- Commerce.
Form Electronic book
Author International Monetary Fund. Policy Development and Review Department.
ISBN 1281600628
Other Titles Algeria