Algeria

Resource: http://www.eoearth.org/article/Algeria

Natural Resources: petroleum, natural gas, iron ore, phosphates, uranium, lead, zinc

Industries: petroleum, natural gas, light industries, mining, electrical, petrochemical, food processing

Algeria is a large North African nation located on the Mediterranean Sea. 80% of the country is part of the Sahara Desert lying beyond the board ranges of the Atlas Mountains which parallel the coast.

Alegria's major environmental issues include: soil erosion from overgrazing and other poor farming practices; desertification; dumping of raw sewage, petroleum refining wastes, and other industrial effluents is leading to the pollution of rivers and coastal waters; Mediterranean Sea, in particular, becoming polluted from oil wastes, soil erosion, and fertilizer runoff; inadequate supplies of potable water. Algeria's mountainous areas are subject to severe earthquakes; mudslides and floods in rainy season.

Economy

The hydrocarbons sector is the backbone of the economy, accounting for roughly 60% of budget revenues, 30% of GDP, and over 95% of export earnings. Algeria has the eighth-largest reserves of natural gas in the world and is the fourth-largest gas exporter; it ranks 14th in oil reserves. Sustained high oil prices in recent years have helped improve Algeria's financial and macroeconomic indicators. Algeria is running substantial trade surpluses and building up record foreign exchange reserves. Algeria has decreased its external debt to less than 10% of GDP after repaying its Paris Club and London Club debt in 2006. Real GDP has risen due to higher oil output and increased government spending. The government's continued efforts to diversify the economy by attracting foreign and domestic investment outside the energy sector, however, has had little success in reducing high unemployment and improving living standards. Structural reform within the economy, such as development of the banking sector and the construction of infrastructure, moves ahead slowly hampered by corruption and bureaucratic resistance.