ECONOMY: Firm foundations
Things couldn't be much better for the Algerian economy. Positive growth was sustained for the sixth consecutive year in 2005, when gross domestic product (GDP) increased by 6 per cent from 2004. On the back of strong hydrocarbons prices, year-on-year exports increased by a third to $42,600 million, generating a trade surplus of $22,600 million, up 65 per cent from 2004. Foreign exchange reserves at the end of the year reached about $55,000 million, or almost three years of import cover, ...
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