Sign «Bank» growth of the Algerian economy in 2010 by 3.9 percent in its report on Global Economic Prospects 2010, and the financial crisis and growth, which was published Thursday in Bangkok, Thailand, adding that the GDP of Algeria recorded a rise of 2.1 percent in 2009, the bank expects to record Algeria growth over 4 percent in 2011.
The Bank noted that the growth of the GDP of Algeria surpassed global rates expected during the current year and next year thanks to the limited impact of the global financial crisis in the Algerian economy, which is still not directly linked to the global economy.
In light of the crisis that clouds lingering, expected «Bank» as oil prices remain generally stable at an average of 76 dollars, the bank did not hide his concerns about the high prices of other commodities, on average, by 3 percent a year only during the years 2010 and 2011.
The report warned that «Global Economic Prospects 2010» that even though the worst effects of the crisis have already signed, the global economic recovery remains fragile, and the report predicts that the leading effects of the crisis changed the landscape of the year for the financing and growth over the next ten years.
The head of the «International Monetary Fund» to Algeria, Mobile Tugas Bernati, last November, the GDP growth of Algeria has recorded an increase of between 4 and 5 percent in 2010.
Predicted Bernati, following completion of the mission in Algeria within the framework of the annual talks between Algeria and «the International Monetary Fund» for Article 5 of the Fund, that for the year 2009 would be the GDP 2 percent, while will range outside the hydrocarbon sector, 9 percent, thanks to the agriculture sector and continued investment public, adding that overall growth will remain negative indicators affected the hydrocarbon sector, and the government's ability to continue to guarantee funding of development projects in the area of the huge infrastructure that launched a full decade before, thanks to abundant oil revenues.
Local experts have warned of the serious consequences of the policy of cautious expansion is not in the budget, because of the risk of increasing the pace of inflation, which exceeded last year's 6 percent and that for the first time in 2003.
Abd al-Majeed Boside, an economist, told Al «Economic Vision», that the policy priorities of the current government in terms of expenditure glutton for mega projects has brought the pace of inflation to the highest in the past years, adding that slides low-income in Algeria is not able totake more inflationary pressures due to the deterioration of purchasing power during the past ten years, and limited employment opportunities in the real sectors.
Decline in unemployment
The talk about the decline in official unemployment rates to 10.3 percent the year 2009 can not cover the harsh reality for millions of unemployed, especially among young people less than 35 years, pointing out that the official figures itself recognized that 86.6 percent of Algerian youth less than 35 years in a state of unemployment pathetic.
The detection limits of spending programs the public to revive the economy of Algeria since 2001 in achieving the «economic take-off real», payment rates annual growth to a reasonable level, especially in non-oil sectors, despite spending about 200 billion dollars on programs to develop infrastructure and strengthen the capacity of the economy and developing the service sector .
He Boside, that the greater the noise of the government on the progress of the reforms and record the successes of the government's economic policies, as rates jumped and the pace of imports of goods and services from abroad double-digit year.
Compared with South Asian neighbors, Tunisia and Morocco, he said Boside, they were better without the enormous potential of Algeria, he said, adding that Tunisia, which imports power over its industrial exports 14 billion dollars in 2009 against 800 million for Algeria, which is floundering in the search for a suitable model for increasing the volume of exports of non-petroleum.
He added that sister Morocco has achieved a growth of over 5 percent to 4 percent of the Tunisian economy, while unable to Algeria for a real growth by more than 5 percent despite a potential fantasy and spending programs, the massive 200 billion dollars since 2001, adding that the best government that was looking really about efficacy for their development programs, is to direct a portion of that huge investments to create small and medium enterprises and composition of human resources and strengthening the real sectors such as agriculture, which lives hostage to the largesse of heaven, and not because of effective farm plans implemented by the government.
Import bill
He stressed that the Algerian agricultural sector is still closely linked to the rate of annual rainfall, the more decreased rainfall, the agricultural sector recorded modest growth rates, revealing the limited agricultural programs that the government claims its implementation.
The figures for the National Centre for Electronic Media and Statistics of the Department of Customs, indicate limited action taken by the Algerian government in the complementary finance law last year to reduce the total bill for imports, which amounted to the import bill in 2009 is equivalent to 39.1 billion dollars against 39.6 billion dollars in 2008, a decline of 0.9 only one percent, noting that Algeria's total exports last year hit 43.68 billion dollars, a fall only by about 45 per cent compared to 2008 reflected a negative impact on the trade balance surplus, which fell from 39.8 billion dollars in 2008 to 4.5 billion dollars only in 2009 is equivalent to rate of 112 percent coverage of exports to imports during the same year.
The value of Algerian imports of food products, 5.8 billion dollars in 2009 against 7.8 billion dollars in 2008, a decrease of 25.6 percent, according to figures provided by the National Center for Automated Information and Statistics of the Department of Algerian customs.
Regardless of the imports of sugar and sweets that risen by 29.6 percent, rising from 439.15 million dollars in 2008 to 569 million dollars in 2009, and meat, which have increased by about one percentage point to reach 171 million, has witnessed the most important products of the group down, particularly the country's imports of grain, flour, flour, dairy products and dried legumes.
-And recorded imports of cereals, flour and flour a significant decrease amounted to 42.3 per cent, thanks to crop the record wheat production last year, which exceeded 6.1 million tons of grain of various kinds, which allowed the country to reduce imports from the cereals and derivatives from 4.05 billion dollars in 2008 to 2.34 billion dollars 2009, Algeria has also succeeded in reducing imports from the material milk powder, infant milk and other dairy products from 1.28 billion dollars to 862 million dollars the year 2009 registered an average drop of 32.9 percent.
Fell import bill for all types of dried beans from about 300 million dollars in 2008 to 256.2 million dollars, also fell import Algeria subjects of coffee and tea from 329.2 million dollars to 259.5 million dollars during the same period, also recorded the center down a lot of material non-food consumer , particularly drugs and pharmaceuticals to the human use, which dropped 6.53 percent, moving from 1.86 billion to 1.74 billion dollars in 2009 thanks to a series of incentive measures established by the Government of Algeria to encourage domestic production in the field of medicine and to encourage investments in the pharmaceutical sector and urged citizens to consume generic forms of drugs.
Regarding the import of cars and tourist attractions, it had been an average decrease of 25.56 percent, falling from 2.05 billion to 1.52 billion dollars total, and this after the Government's decision to prevent big banks from granting special loans to buy cars for people in July last year.
Sign «Bank» growth of the Algerian economy in 2010 by 3.9 percent in its report on Global Economic Prospects 2010, and the financial crisis and growth, which was published Thursday in Bangkok, Thailand, adding that the GDP of Algeria recorded a rise of 2.1 percent in 2009, the bank expects to record Algeria growth over 4 percent in 2011.
-And recorded imports of cereals, flour and flour a significant decrease amounted to 42.3 per cent, thanks to crop the record wheat production last year, which exceeded 6.1 million tons of grain of various kinds, which allowed the country to reduce imports from the cereals and derivatives from 4.05 billion dollars in 2008 to 2.34 billion dollars 2009, Algeria has also succeeded in reducing imports from the material milk powder, infant milk and other dairy products from 1.28 billion dollars to 862 million dollars the year 2009 registered an average drop of 32.9 percent.
Algeria is well known with energy (petroleum and natural gas) this lasts make 95% of export earnings of the nation ,with 11.8 billion barrels of petroleum reserves with estimates suggesting that the actual amount is even more,that made Algeria come's in the 14th world rank which gave her an important role in the Organization of the Petroleum Exporting Countries (OPEC).Also Algeria had 160 trillion cubic feet of proven natural gas reserves, the eighth largest in the world.
