Unemployment in Algeria
Algeria - UnemploymentNew 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
5 years of economic forecasts for more than 30 economic indicators.
Algeria Unemployment Chart
Source: Bank of Algeria.
|Exchange Rate||119.7||-0.11 %||Jul 31|
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