Unemployment in Algeria

Algeria Unemployment | Economic News & Forecasts

Algeria - Unemployment

New large-scale protests erupted in recent weeks, as the interim government’s mandate technically expired on 9 July and it has yet to schedule new elections. Nevertheless, on 2 July, the head of parliament, Moad Bouchareb, resigned; Bouchareb was seen by protesters as a key pillar of former president Bouteflika’s regime. Meanwhile, the purge of high-ranking business leaders and officials, organized by the country’s now de-facto ruler General Gaid Salah and under the guise of rooting out corruption, continues unabated, amplifying the paralysis of the economy. Moreover, Salah has increased the crackdown on uprisings and the press recently, suggesting that no clear end to the crisis is in sight. Despite the instability, energy giant Sonatrach recently announced a ramp-up of its new gas project with Italy’s Eni, as well as a 10-year extension of its gas supply contract with Enel.

Algeria - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate9.8  10.6  11.2  10.5  11.7  

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Algeria Unemployment Chart

Algeria Unemployment
Note: Unemployment in % of active population.
Source: Bank of Algeria.

Algeria Facts

Exchange Rate119.7-0.11 %Jul 31

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