Tag Archives: algeria

2014 World Cup: Key Facts About Africa’s 5 Participating Countries



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Picture Above: Mediterranean view from Algiers rooftop.

Location: Northern Africa, bordering the Mediterranean Sea, between Morocco and Tunisia

Population: 38 813 722

Literacy Rate: Overall – 72.6% l Male – 81.3% l Female – 63.9%

GDP (purchasing power parity): $284.7 billion

GDP Growth Rate: 3.1%

Unemployment Rate: 10.3%

Population below poverty line: 23%


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Picture Above: Lake Nyos is a crater lake on the flank of an inactive volcano.

Location: Central Africa, bordering the Bight of Biafra, between Equatorial Guinea and Nigeria

Population: 23 130 708

Literacy Rate: Overall – 71.3% l Male – 78.3% l 64.8%

GDP (purchasing power parity): $53.16 billion

GDP Growth Rate: 4.6%

Unemployment Rate: 30%

Population below poverty line: 48%


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Picture Above: Mothers start a club to invest in girls’ education.

Location: Western Africa, bordering the North Atlantic Ocean, between Ghana and Liberia

Population: 22 848 945

Literacy Rate: Overall – 56.9% l Male – 65.6% l Female – 47.6%

GDP (purchasing power parity): $43.67 billion

GDP Growth Rate: 8%

Unemployment Rate: N/A

Population below poverty line: 42%


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Ghana 9G5XA DX News

Picture Above: Performers at Ghana sporting event.

Location: Western Africa, bordering the Gulf of Guinea, between Cote d’Ivoire and Togo

Population: 25 758 108

Literacy Rate: Overall – 71.5% l Male – 78.3% l Female – 65.3%

GDP (purchasing power parity): $90.41 billion

GDP Growth Rate: 7.9%

Unemployment Rate: 11%

Population below poverty line: 28.5%




Picture Above: Aerial view of photo festival in the capital city, Lagos.

Location: Western Africa, bordering the Gulf of Guinea, between Benin and Cameroon

Population: 177 155 754

Literacy Rate: Overall – 61.3% l Male – 72.1% l Female – 50.4%

GDP (purchasing power parity): $478.5 billion

GDP Growth Rate: 6.2%

Unemployment Rate: 23.9%

Population below poverty line: 70%

Currencies Of The African Diaspora – Algeria

Algeria’s economy remains dominated by the state, a legacy of the country’s socialist post-independence development model. In recent years the Algerian Government has halted the privatization of state-owned industries and imposed restrictions on imports and foreign involvement in its economy. Hydrocarbons have long been the backbone of the economy, accounting for roughly 60% of budget revenues, 30% of GDP, and over 95% of export earnings. Algeria has the 10th-largest reserves of natural gas in the world and is the sixth-largest gas exporter. It ranks 16th in oil reserves. Strong revenues from hydrocarbon exports have brought Algeria relative macroeconomic stability, with foreign currency reserves approaching $200 billion and a large budget stabilization fund available for tapping. In addition, Algeria’s external debt is extremely low at about 2% of GDP. However, Algeria has struggled to develop non-hydrocarbon industries because of heavy regulation and an emphasis on state-driven growth. The government’s efforts have done little to reduce high youth unemployment rates or to address housing shortages. A wave of economic protests in February and March 2011 prompted the Algerian Government to offer more than $23 billion in public grants and retroactive salary and benefit increases, moves which continue to weigh on public finances. Long-term economic challenges include diversifying the economy away from its reliance on hydrocarbon exports, bolstering the private sector, attracting foreign investment, and providing adequate jobs for younger Algerians.




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Source: Economy overview provided by CIA Factbook