Algeria maintains fourth position in African economy rankings despite slow growth and hydrocarbon dependence
via Algérie3603 min read
Algeria is projected to maintain its position as the fourth-largest economy in Africa by 2031, with an estimated GDP of $328 billion, according to an April 2026 report from the International Monetary Fund IMF. In 2025, Algeria's GDP was estimated at $285.72 billion. However, the report highlights a significant disparity in growth rates compared to other African nations. Over a six-year period, Algeria's economy is expected to grow by only 14.67%, which is the slowest rate among the top African economies. In contrast, Ethiopia is projected to see a 122% increase, the Democratic Republic of Congo an 89% increase, and Egypt an 83% increase. The IMF report attributes Algeria's slow progression and persistent reliance on hydrocarbons, which account for 95% of its export revenues, making its GDP vulnerable to global market fluctuations. The report also points out the challenge of economic statistics, noting a significant gap between the official exchange rate 1 USD = 132.29 DZD and the parallel market rate 1 USD ≈ 238 DZD. If assessed using the parallel market rate, Algeria's national wealth for 2025 would be $158 billion, considerably lower than the official figure. Despite these challenges, the report identifies potential for industrial resilience through large-scale projects, such as a $2.5 billion investment in the steel industry in Oran and the exploitation of the Gara Djebilet iron deposit. These initiatives could alter future projections if industrial integration accelerates
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inDrive Algeria is implementing new safety measures for its ride-hailing services, particularly addressing concerns for night travel and solo female passengers. The company held a discussion panel in Algiers on June 10, bringing together mobility experts, civil society representatives, and professional drivers to present its user protection system. The strategy centers on three technological pillars: real-time trip monitoring, early detection of risky behaviors, and faster incident response. This includes driver verification before trips, GPS tracking, in-app emergency tools, and ride-sharing features during journeys, followed by evaluation systems and reporting channels for incidents. Beyond technology, inDrive Algeria has partnered with the Algerian Red Crescent to provide two-day specialized first aid training for active drivers. This training, held at the Red Crescent headquarters, covered safe driving practices, accident prevention, emergency procedures, and stress management during critical incidents. Wail Almamma, inDrive General Manager in Algeria, stated that safety is central to their mission, aiming to provide a safer and more reliable mobility experience through technological innovation, continuous training, and local partnerships. The panel also included Miriam Khelil from TrikTalk and CEO of Info Trafic Algérie, Sif El Islam Dob representing the Algerian Red Crescent, and Dr. Mustapha Zebdi, president of APOCE Algerian Association for Consumer Protection and Ori
Algerian international referee Mustapha Ghorbal has been selected by the FIFA Referees Committee to officiate at the upcoming 2026 World Cup. Ghorbal, 41, will be accompanied by assistant referees Mokrane Gourari and Akram Abbès Zerhouni. Their first assignment is the match between Haiti and Scotland, scheduled for June 13 at Boston Stadium. The VAR for this match will be handled by Spain's Alejandro Hernandez, assisted by Jose Enrique Naranjo. This marks Ghorbal's continued rise in international refereeing, having previously officiated two matches at the 2022 World Cup in Qatar and two matches at the Club World Cup in the United States last summer. His participation is seen as a source of pride for Algerian football.
Boehringer Ingelheim inaugurated its new offices in Algeria on June 9, marking a significant step in its long-term commitment to health innovation, partnership strengthening, and presence development in the country. The event was attended by members of Boehringer Ingelheim's management, including Mr. Derek O’Leary, General Manager for the India, Middle East, and Africa region, as well as international representatives. The inauguration ceremony also gathered representatives from government institutions, the health sector, professional associations, and the diplomatic community. These new offices, designed according to Boehringer Ingelheim's global Smart Working+ model, prioritize employees by offering a modern and flexible environment that fosters collaboration, concentration, and exchange. This space reflects the company's commitment to promoting a culture based on trust, well-being, and innovation, and is designed to support the continuous growth of Boehringer Ingelheim's teams in Algeria. Mr. Derek O’Leary stated that Algeria is a strategic partner for Boehringer Ingelheim in North Africa, and these new offices demonstrate their confidence in the country's potential and their commitment to its health ecosystem. Boehringer Ingelheim, a biopharmaceutical company specializing in human and animal health, has been present in Algeria since 2012, supporting national health sector priorities through sustainable partnerships and strategic initiatives, including local production supp