The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Algeria, Economy of

  • Barry Turner
Reference work entry


The economy is heavily dependent on public spending and the sale of oil and gas. In 1994 an IMF-sponsored programme for economic reconstruction reduced inflation and set in place a free-market economy. However, it was a further decade before privatization made significant strides.


Arab Spring Dinar International Monetary Fund 

JEL Classification

O53 R11 
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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Barry Turner
    • 1
  1. 1.