The Algerian economy is considered to be an upper middle class income, peaceful, and modern market economy. The economy is expected to reach $250.1 billion by 2018. The country benefits from its industrial sector which is dominated by the hydro-carbon sector and a stable and profitable manufacturing sector. The economy continues to grow in spite of uncertainties in Europe and the US market.
Lucintel, a leading global Management Consulting and market research firm, has conducted a competitive analysis on the different risk factors of the country and presents its findings in “PESTLE Analysis of Algeria: 2013-2018.” The report studies the political, economic, social, technological, legal, and environment analysis of Algeria.
The report studies various challenges faced by the economy. High dependence of the country on the hydrocarbon sector, which accounts for 95% of the foreign exchange revenue, makes the country vulnerable to economic shocks. Algeria’s poor business environment also poses a huge challenge for the foreign companies.
The study analyses that Algeria has a well-educated work force which leads to skilled labor pool. This labor pool is beneficial for techno-based industries such as telecom, IT, automobile, and business services. Strong financial position of the country with low external debt, high foreign exchange reserves, and huge current account surpluses drove the growth of the economy.
This report is helpful for the strategic analysis done by CEO, managers, bankers, and industrialists who want to know about the political, social, and economic outlook of the country. This report will also benefit those who want to invest in Algeria as this report will help the reader to understand the economic strengths and risks involved in business ventures in the country.
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