vue - AGRICULTURE IN ALGERIA

ALGERIA / In 2014, the Algerian economy expanded by 4%, up from 2.8% in 2013. Growth was driven mainly by the recovering oil and gas sector and further economic expansion of 3.9% is forecast in 2015 and 4.0% in 2016. Algerian farmers grow dates in Sahara desert: The sparse and arid Saharan desert is known for its harsh and humid conditions which support very few animals or plants, yet the farmers of an Algerian region 400 miles east of the capital Algiers have found that even the toughest of climates can provide a fertile ground for their crops. In 2012, the Algerian economy grew by 2.5%, up slightly from 2.4% in 2011. Excluding hydrocarbons, growth has been estimated at 5.8% (up from 5.7% in 2011). Inflation is increasing and is estimated at 8.9% (up from 4.49% in 2011). Despite the financial authorities’ good performance, thanks to modernisation reforms, the budget deficit widened to 3.3% of GDP in 2012 (as against 1.3% in 2011) due to the continuation of the expansionary fiscal policy initiated in 2011 to meet strong social demands in terms of purchasing power, jobs and housing. The oil and gas sector is the country’s main source of revenues, generated about 70% of total budget receipts. The economy is projected to grow by 3.2% in 2013 and by 4.0% in 2014. The country’s external position remained comfortable in 2012, with a trade surplus of about USD 27.18 billion. The current-account surplus is estimated at 8.2% of GDP and official foreign-exchange reserves have been estimated at USD 190.7 billion at end-December 2012, or the equivalent of more than three years of imports of non-factor goods and services. Oil and gas export earnings made up more than 97% of total exports. Algeria has enormous possibilities to boost its economic growth, including huge foreign-exchange reserves derived from oil and gas. A development strategy targeting stronger, sustained growth would create more jobs, especially for young people, and alleviate the housing shortage the country is facing. The national strategic option is therefore to revitalise the process intended to diversify the economy starting with the non-oil sector while deepening the reforms needed for the structural transformation of the economy. Since 1984, farmers working near the city of El Oued -- meaning 'the River' in Arabic -- have managed to reclaim 450,000 square kilometers of land from the desert. The blossoming area now accounts for a third of Algeria's entire date output each year and has led to the creation of thousands of jobs and helped promote the breeding of livestock in the region. While some success can be attributed to the fact El Oued sits above an underground river, the rapid farming expansion in the area is likely to inspire similar projects in Algeria and beyond. FB : https://www.facebook.com/newsnn2 Tw : https://twitter.com/numidia2012 Linked In : https://www.linkedin.com/in/radhouane-digheche-92b78393?trk=nav_responsive_tab_profile Pintrest : https://www.pinterest.com/radhouanedighec/ G+ : https://plus.google.com/u/0/101868369210541169532 Tumblr: https://www.tumblr.com/blog/radhouanedz Reddit: https://www.reddit.com/user/RADHOUANEDZ/ E-Mails: radhouane.digheche@outlook.fr / radhouane.digheche@gmail.com Phone : +213774499209/+213556029558