The ISO code of Algeria is DZ according to the ISO 3166 standard. The local name of the country is Al Jaza'ir. Algeria capital city is Algiers. People in Algeria speak the Arabic language. On 3 July 1962, Algeria emerged as a sovereign political entity. In the year 07/03/1962, Algeria emerged as a sovereign political entity. The largest cities in Algeria are Algiers, Boumerdas, Oran, Tebessa.
Algeria is located in the UTC +01:00 time zone, which is also called West Africa Time or WAT. The internet country code top-level domain (ccTLD) for Algeria is .dz . Other domains assigned to Algeria are الجزائر.. The International dialing code for Algeria is 213. People in Algeria drive on the right side of the road. Total land area of Algeria is 2,381,741 km² (approx. 919,591 mi²). Algeria is not a landlocked country. It means that is is bordered by at least one major body of water.
Algeria is located in Africa. Algeria is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.
Currently Algeria faces various issues, including soil erosion from overgrazing and other poor farming practices, desertification, dumping of raw sewage, petroleum refining wastes, and other industrial effluents is leading to the pollution of rivers and coastal waters, Mediterranean Sea, in particular, becoming polluted from oil wastes, soil erosion, and fertilizer runoff, inadequate supplies of potable water.
Doing business in Algeria
We offer various corporate services in Algeria jurisdiction. These services can serve both, people coming from Algeria and foreigners. If you plan on doing business in Algeria you might be interested in contacting us.
To find out about starting your business in Algeria click on company formation in Algeria.
To find out how to open a bank account in Algeria and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Algeria.
Choose preferred service below or continue reading to find out more about Algeria.
Demographics of Algeria
The total population of Algeria is 42,008,054 people. In Algeria, the population density is 15.9 people per square kilometer (41 per square mile). Because of this statistic, this country is considered to be sparsely populated. The ethnic diversity is diverse according to a fractionalization scale which for Algeria is 0.3394. Algeria has approximately 270407 foreign immigrants. The median age is approximately 27.3 years. In Algeria, 15.23 in every 100 people use internet. Algeria has a Human Development Index (HDI) of 717.
The majority religion of Algeria is Islam, Algeria is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of Algeria.
Culture of Algeria
People in Algeria speak the Arabic language. According to data on inbound tourists in Algeria, 2,634,000 tourists arrive in the country each year. One of the most popular national dishes of Algeria is couscous. To read more click on culture of Algeria.
Geography of Algeria
Algeria is considered to be a vast nation because of its total area. Its total land area is 2,381,741 km² (approx. 919,591 mi²). Algeria is located in Africa. Its capital city is Algiers. Algeria has 7 neighbouring countries. Its neighbours include Libya, Mali, Mauritania, Morocco, Niger, Tunisia, and Western Sahara. Total length of land borders of Algeria is 6734 kilometers (~2,600 miles).
The highest point of Algeria is Mount Tahat, with its official height being 3003 m (9,853 ft). Including land mass and EEZ, the total area of Algeria is approximately 2,508,094 km² (~968,376 mi²). The most notable natural resources found in Algeria are petroleum, natural gas, iron ore, phosphates, uranium, lead, zinc.To read more click on geography of Algeria.
Economy of Algeria
The currency of the country is Algerian dinar. The symbol used for this currency is د.ج, and it is abbreviated as DZD. 10% of population in the country are unemployed. The total number of unemployed people in Algeria is 4,200,805. Each year, Algeria exports around $68.25 billion and imports roughly $55.02 billion. The Gini Index of the country is 35.3. Algeria has a Human Development Index (HDI) of 717.The Global Peace Index (GPI) for Algeria is 2.131. Algeria has a government debt of 47.9% of the country's Gross Domestic Product (GDP), as assessed in 2012. Algeria is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are petroleum, natural gas, light industries, mining, electrical, petrochemical, food processing.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Algeria is $552 billion. Each year, consumers spend around $40,741 million. The ratio of consumer spending to GDP in Algeria is 18%, and the ratio of consumer spending to the world consumer market is 0.1174. The corporate tax in Algeria is set at 23%. Personal income tax ranges from 0% to 35%, depending on your specific situation and income level. VAT in Algeria is 17%. In 2013, Algeria received 144.5 million USD in foreign aid.In 2014, the foreign aid amounted to 190.2 USD.To read more click on economy of Algeria.
Infrastructure of Algeria
In Algeria, 100% of the population has access to electricity. There are 676 internet hosts in Algeria. Algeria has 157 airports nationwide.
The number of road motor vehicles per 1000 inhabitants in Algeria is 38. To read more click on infrastructure of Algeria.
Politics of Algeria
Algeria, is a unitary semi-presidential republic. With regard to political and civil freedoms, Algeria is 3. Citizens in Algeria experience little to no civil liberties and political rights. Citizens are not free to express themselves and do not enjoy political freedom or a representative government. Countries with this political situation are dangerous for investment, as an authoritarian government may have outsize control over economic matters. The head of the government is Abdelaziz Bouteflika.
According to the World Bank Group, the government effectiveness index of Algeria is -0.51. This indicates that the government of Algeria is ineffective. Public and civil services are severely handicapped, leading to potential for social and political upheaval.In Algeria, the legislative power is vested in a Parliament. The Global Peace Index (GPI) for Algeria is 2.131. The strength of legal rights index for Algeria is 2. Overall, it is considered to be rather weak - bankruptcy and collateral laws are unable to protect the rights of borrowers and lenders in case of credit-related complications; credit information, if any at all, is scarce and hardly accessible. In 2013, Algeria received 144.5 million USD in foreign aid. In 2014, the foreign aid amounted to 190.2 USD. Algeria is a member of the United Nations (UN). On 8 October 1962, it joined the UN as a full member state. Algeria is a member of the African Union (AU). On 25 May 1963, it joined the AU as a full member state. Algeria is a member of the World Bank. To read more click on politics of Algeria.
Environment of Algeria
Algeria emits 3.3 metric tons per capita of CO2. 42000 km² of Algeria's territory is covered in forests. and forest land comprises 2% of all the land in the country. The number of road motor vehicles per 1000 inhabitants in Algeria is 38. To read more click on environment of Algeria.
Company formation in Algeria
The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in Algeria.
When establishing a company in Algeria, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of Algeria that will affect the establishment and growth of one's business. Contact us or click on company formation in Algeria to read additional information when setting up a business.
Bank account opening in Algeria
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Algeria. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.
When considering opening a bank account in Algeria, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in Algeria or contact us.