© 2009 International Monetary Fund April 2009 IMF Country Report No. 09/111 Algeria: Statistical Appendix This Statistical Appendix for Algeria was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with the member country. It is based on the information available at the time it was completed on December 23, 2008. The views expressed in this document are those of the staff team and do not necessarily reflect the views of the government of Algeria or the Executive Board of the IMF. The policy of publication of staff reports and other documents by the IMF allows for the deletion of market-sensitive information. Copies of this report are available to the public from International Monetary Fund ● Publication Services 700 19th Street, N.W. ● Washington, D.C. 20431 Telephone: (202) 623 7430 ● Telefax: (202) 623 7201 E-mail: [email protected] ● Internet: http://www.imf.org International Monetary Fund Washington, D.C. INTERNATIONAL MONETARY FUND ALGERIA Statistical Appendix Prepared by Gabriel Sensenbrenner, Boileau Loko, and Roua Hijazi (all MCD) Approved by the Middle East and Central Asia Department December 23, 2008 Contents Page 1. Basic Economic and Financial Indicators, 2003–07.............................................................3 2. Supply and Use of Resources at Current Prices, 2003–07....................................................4 3. Sectoral Distribution of GDP at Current Prices, 2003–07....................................................5 4. Sectoral Distribution of Real GDP Growth, 2003–07..........................................................6 5. Production, Exports, and Consumption of Liquid Pretroleum Products, 2003–07..............7 6. Production, Exports, and Consumption of Gas Products, 2003–07......................................8 7. Domestic Prices of Major Energy Products, 2003–07..........................................................9 8. Agricultural Land Use Patterns, 2003–07...........................................................................10 9. Crop Yields, 2003–07.........................................................................................................11 10. Livestock, 2003–07...........................................................................................................11 11. Indices of Industrial Production in Public Enterprises, 2003–07.....................................12 12. Production of Minerals, 2003–07.....................................................................................13 13. Housing Supply, 2002–06.................................................................................................14 14. Consumer Price Index, 2003–07.......................................................................................15 15. Income of Households, 2003–07......................................................................................16 16. Labor Force, Employment, and Unemployment, 2003–07...............................................17 17. Summary of Central Government Operations, 2003–07..................................................18 18. Composition of Central Government Revenue, 2003–07.................................................19 19. Central Government Revenue, 2003–07...........................................................................20 20. Composition of Central Government Expenditure, 2003–07...........................................21 21. Central Government Expenditure, 2003–07.....................................................................22 22. Sectoral Allocation of Budgetary Capital Expenditure, 2003–07....................................23 23. Central Government Domestic Debt, 2003–07.................................................................24 24. Monetary Survey, 2003–07...............................................................................................25 25. Summary Balance Sheet of the Bank of Algeria, 2003–07..............................................26 26. Summary Balance Sheet of Deposit Money Banks, 2003–07..........................................27 27. Distribution of Credit to the Economy by Maturity, 2003–07..........................................28 28. Districution of Credit to the Economy by Sector, 2003–07..............................................29 29. Structure of Interest Rates, 2003–07.................................................................................30 2 30. Number of Branches of Financial Institutions, 2003–07...................................................31 31. Balance of Payments, 2003–07.........................................................................................32 32. Exports and Imports, 2003–07..........................................................................................33 33. Volume of Hydrocarbon Exports, 2003–07......................................................................34 34. Hydrocarbon Exports, 2003–07........................................................................................35 35. Trade Indices, 2003–07.....................................................................................................36 36. External Debt, 2003–07 .............................................................................................37–38 38. Nominal and Real Effective Exchange Rates, 1990–2007...............................................39 3 Table 1. Algeria: Basic Economic and Financial Indicators, 2003–07 2003 2004 2005 2006 2007 (Annual percentage change) Production and prices Nominal GDP 15.8 16.4 22.9 12.1 10.0 Real GDP 6.9 5.2 5.1 2.0 3.0 Real nonhydrocarbon GDP (NHGDP) 6.0 6.2 4.7 5.6 6.3 GDP deflator 8.3 10.6 17.0 9.9 6.8 NHGDP deflator 4.4 5.3 4.9 3.4 7.2 Consumer price index (average) 2.6 3.6 1.6 2.5 3.5 (In billions of U.S. dollars; unless otherwise indicated) External sector Exports, f.o.b. 24.5 32.2 46.3 54.7 60.6 Imports, f.o.b. 13.4 18.0 19.9 20.7 26.4 Current account balance 8.8 11.1 21.2 29.0 30.6 Current account balance (in percent of GDP) 13.0 13.1 20.7 25.2 22.6 Overall balance 7.4 9.3 16.9 17.7 29.6 (In percent of GDP; unless otherwise indicated) Central government Total budget revenue and grants 37.0 36.1 40.9 43.0 39.6 Of which: hydrocarbon revenue 25.6 25.6 31.2 33.1 30.1 Total expenditure and net lending 29.2 29.2 29.0 29.4 35.1 Overall balance 7.8 6.9 11.9 13.6 4.5 Nonhydrocarbon primary balance (in percent of NHGDP) -24.3 -28.0 -33.0 -34.5 -44.0 Money and credit Broad money (annual percentage change) 15.6 11.5 11.1 18.6 24.2 Net credit to government (as a percent of beginning money stock) -5.3 -13.2 -24.4 -8.9 -18.0 Credit to the economy (annual percentage change) 8.9 11.2 15.9 7.1 12.5 13-week T-bill interest rate (in percent per annum) 1.1 0.1 0.8 1.4 0.2 Official reserves Gross official reserves (in billions of U.S. dollars) 32.9 43.1 56.2 77.8 110.2 Idem, in months of next year's imports of goods and services 18.1 21.0 26.5 28.0 27.4 Debt Total external debt (in billions of U.S. dollars) 23.4 21.8 17.2 5.6 5.1 Total external debt (in percent of GDP) 34.3 25.7 16.7 4.9 3.8 Total government debt (in percent of GDP) 43.8 36.6 27.3 23.8 11.9 Domestic government debt (in percent of GDP) 18.7 16.3 10.6 18.9 8.1 Memorandum items: Gross domestic product (in billions of dinars) 5 248 6 136 7 544 8 461 9 306 Idem (in billions of U.S. dollars) 68.0 85.0 102.1 116.8 135.3 Per capita GDP (in U.S. dollars) 2 136 2 631 3 122 3 456 3 934 Exchange rate (DA/US$) (average) 77.4 72.1 73.4 73.7 69.2 Real effective exchange rate (annual percentage rate) -9.5 0.6 -4.0 0.0 -1.0 Terms of trade (annual percentage rate) 9.7 13.6 30.0 12.4 1.0 Sources: Algerian authorities; and Fund staff estimates. 4 Table 2. Algeria: Supply and Use of Resources at Current Prices, 2003–07 2003 2004 2005 2006 2007 (In billions of dinars) Gross domestic product 5 247.5 6 135.9 7 544.0 8 460.5 9306.2 Resource gap 754.9 885.8 1 749.2 2 315.9 2074.8 Exports of goods and nonfactor services 2 009.0 2 462.9 3 569.6 4 147.4 4400.9 Imports of goods and nonfactor services 1 254.0 1 577.1 1 820.4 1 831.5 2326.1 Gross domestic spending 4 492.6 5 250.1 5 794.7 6 144.6 7231.4 Consumption 2 902.5 3 216.0 3 414.7 3 643.3 4011.0 Government 777.5 846.9 865.7 954.4 1062.9 Nongovernment 2 125.0 2 369.1 2 549.0 2 688.9 2948.1 Gross investment 1 590.1 2 034.2 2 380.0 2 501.3 3220.4 Gross fixed capital formation 1 265.2 1 476.9 1 680.8 1 951.2 2444.9 Change in inventories 324.9 557.3 699.3 550.2 775.5 Gross domestic savings 2 345.0 2 919.9 4 129.3 4 817.2 5295.1 Net factor income from abroad -190.0 -253.3 -336.1 -321.3 -127.6 Net current transfers 187.6 236.3 227.6 164.7 153.3 National savings 2 342.6 2 903.0 4 020.8 4 660.6 5320.8 Gross national product 5 057.5 5 882.7 7 207.8 8 139.2 9178.6 (In percent of GDP) Gross domestic product 100.0 100.0 100.0 100.0 100.0 Resource gap 14.4 14.4 23.2 27.4 22.3 Exports of goods and nonfactor services 38.3 40.1 47.3 49.0 47.3 Imports of goods and nonfactor services 23.9 25.7 24.1 21.6 25.0 Gross domestic spending 85.6 85.6 76.8 72.6 77.7 Consumption 55.3 52.4 45.3 43.1 43.1 Government 14.8 13.8 11.5 11.3 11.4 Nongovernment 40.5 38.6 33.8 31.8 31.7 Gross investment 30.3 33.2 31.5 29.6 34.6 Gross fixed capital formation 24.1 24.1 22.3 23.1 26.3 Change in inventories 6.2 9.1 9.3 6.5 8.3 Gross domestic savings 44.7 47.6 54.7 56.9 56.9 Net factor income from abroad -3.6 -4.1 -4.5 -3.8 -1.4 Net current transfers 3.6 3.9 3.0 1.9 1.6 National savings 44.6 47.3 53.3 55.1 57.2 Gross national product 96.4 95.9 95.5 96.2 98.6 Sources: Algerian authorities; and Fund staff estimates. 5 Table 3. Algeria: Sectoral Distribution of GDP at Current Prices, 2003–07 2003 2004 2005 2006 2007 (In billions of dinars) Hydrocarbons 1 868.9 2 319.8 3 352.9 3 882.2 4089.3 Other sectors 2 975.5 3 369.9 3 697.1 4 121.3 4 686.1 Agriculture 515.3 578.9 579.7 639.7 704.2 Industry 350.5 377.7 403.2 426.0 463.7 Construction and public works 445.2 508.0 564.4 674.3 825.1 Nongovernment services 1 112.2 1 302.2 1 515.0 1 704.1 1910.7 Government services 552.3 603.2 634.8 677.2 782.4 Imports taxes and duties 403.1 446.2 494.0 457.0 530.8 Gross domestic product 5 247.5 6 135.9 7 544.0 8 460.5 9 306.2 (In percent of GDP) Hydrocarbons 35.6 37.8 44.4 45.9 43.9 Other sectors 56.7 54.9 49.0 48.7 50.4 Of which: Agriculture 9.8 9.4 7.7 7.6 7.6 Industry 6.7 6.2 5.3 5.0 5.0 Government services 10.5 9.8 8.4 8.0 8.4 (Annual percentage change) Hydrocarbons 26.5 24.1 44.5 15.8 5.3 Other sectors 11.6 13.3 9.7 11.5 13.7 Of which: Agriculture 23.5 12.3 0.1 10.3 10.1 Industry 4.1 7.7 6.8 5.7 8.8 Government services 10.6 9.2 5.2 6.7 15.5 Gross domestic product 16.0 16.9 22.9 12.1 10.0 Sources: Algerian authorities; and Fund staff estimates. 6 Table 4. Algeria: Sectoral Distribution of Real GDP Growth, 2003–07 (In percent) 2003 2004 2005 2006 2007 Hydrocarbons 8.8 3.3 5.8 -2.5 -0.9 Other sectors Agriculture 19.7 3.1 1.9 4.9 5.0 Mining 0.6 -1.0 12.9 15.1 5.1 Energy (nonhydroelectric) and water 6.6 5.8 9.5 3.4 6.0 Manufacturing -3.5 -1.3 -4.5 -2.2 -6.5 Food processing -20.6 -15.7 -14.4 -7.6 -5.9 Steel, mechanical, and electrical construction 8.9 2.0 -4.1 1.3 -6.4 Chemical industry -10.6 -2.2 3.9 -3.1 -20 Textiles -2.4 -14.4 0.6 -14.0 -18.2 Leather products -7.7 15.4 -18.4 -15.9 -16.1 Building materials -7.6 10.3 4.8 -3.8 0.8 Wood and paper -6.1 -0.7 -15.9 2.9 -11.6 Other -11.9 5.2 -25.1 -1.0 -16 Private industry 2.9 2.5 1.7 2.4 3.2 Construction and public works 5.5 8.0 7.1 11.6 9.8 Nongovernment services 4.2 7.7 6.0 6.5 6.8 Government services 4.1 4.0 3.0 3.1 6.5 Import taxes and duties 2.3 10.2 5.9 2.7 5.5 Gross domestic product 6.9 5.2 5.1 2.0 3.0 Gross domestic absorption 5.5 7.8 6.0 3.5 8.7 Consumption 4.0 5.5 4.1 3.3 5.3 Government 4.2 4.5 2.1 4.8 7.1 Nongovernment 4.0 5.8 4.8 2.8 4.7 Gross investment 5.1 8.1 7.9 7.2 9.8 Exports of goods and nonfactor services 7.2 4.2 6.1 -2.4 -0.7 Imports of goods and nonfactor services 2.4 13.1 9.5 -1.8 14.0 Memorandum item: Real per capita GDP 5.3 3.6 3.4 -0.7 1.2 Source: Algerian authorities. 7 Table 5. Algeria: Production, Exports, and Consumption of Liquid Petroleum Products, 2003–07 (In millions of tons) 2003 2004 2005 2006 2007 Liquid petroleum and substitutes Production 78.4 82.8 85.6 85.7 85.8 Crude oil and substitutes 54.9 59.3 62.5 63.7 63.8 Condensate 15.0 15.0 14.5 13.6 13.7 Liquefied petroleum gas (LPG) 8.5 8.5 8.6 8.4 8.3 Imports 0.4 0.3 0.3 0.3 0.4 Refinery input 21.9 18.3 19.4 20.1 19.5 Direct exports 55.6 62.2 66.3 64.4 63.5 Crude 33.8 41.3 45.0 44.0 43.2 Condensate 13.9 13.6 13.8 13.4 12.9 LPG 7.9 7.3 7.5 7.0 7.4 LPG consumption 1.8 1.9 2.1 1.9 1.9 Discrepancy 1/ -0.5 0.7 -1.9 -0.4 1.3 Refined products Production 20.8 18.4 17.7 19.0 19.1 Exports 12.6 10.0 9.5 9.6 9.9 Domestic consumption 7.8 8.9 9.9 11.4 12.2 Discrepancy 1/ 0.4 -0.5 -1.7 -2.0 -3.0 Memorandum item: Total exports 68.2 72.2 75.8 74.0 73.5 Source: Algerian authorities. 1/ Reflects change in inventories and errors of measurement. 8 Table 6. Algeria: Production, Exports, and Consumption of Gas Products, 2003–07 2003 2004 2005 2006 2007 (In billions of cubic meters) Gross production 176.0 183.8 193.0 194.8 198.2 Input into oil production 74.6 82.5 88.2 84.5 84.8 Net production 1/ 101.4 101.3 104.8 110.3 113.4 Volume transported 2/ 82.8 82.9 89.2 84.9 85.4 Domestic consumption 14.0 15.0 16.2 17.0 17.6 Sales to liquefaction plants 36.4 30.8 30.9 30.2 30.5 Liquid natural gas (LNG) production 28.6 24.4 24.7 23.5 24 Of which: LNG exports 28.3 24.4 24.4 23.2 23.5 Exports by pipeline 31.7 35.3 39.8 37.8 35.5 Discrepancy 3/ 0.7 1.8 2.3 -0.1 1.8 (Annual percentage change) Gross production 0.5 4.4 5.0 0.9 1.7 Input into oil production -3.9 10.6 6.9 -4.2 0.4 Net production 1/ 3.9 -0.1 3.5 5.2 2.8 Volume transported 2/ 1.6 0.1 7.6 -4.8 0.6 Domestic consumption 7.7 7.1 8.0 4.9 3.5 Sales to liquefaction plants 4.6 -15.4 0.3 -2.3 1.0 LNG production 6.3 -14.7 1.2 -4.9 2.1 Of which: LNG exports 5.6 -13.8 0.0 -4.9 1.3 Exports by pipeline 2.0 11.4 12.7 -5.0 -6.1 (In billions of cubic meters; unless specified otherwise) Memorandum item: Total exports 60.0 59.7 65.3 62.5 58.9 Of which: LNG exports (in percent) 47.1 40.8 37.3 37.1 39.9 Piped exports (in percent) 52.9 59.2 61.0 60.6 60.3 Source: Algerian authorities. 1/ Net of gas reinjected into producing oil wells. 2/ Equal to net production minus gas flared, gas used for lifting and for fuel gas, and other losses in the fields. 3/ Reflects errors in measurement.