The Algerian Economy Revisited: Reviewing Salient Trends

It is now an established fact that the Algerian economy has not performed as it should be. Significant investment efforts have been made thanks to the oil revenues. Yet the economy has not produced the increases in output that might be expected. This unsatisfactory economic performance is mainly due to the predominance of inefficient state-owned enterprises, a climate of regulations that are unhelpful to business and the market economy, and a lack of vital enthusiasm needed to reform the financial sector.