The natural resources of Algeria include minerals such as lead, iron ore and zinc, and energy sources, specifically petroleum and natural gas. These resources have caused Algeria to shift from focusing on agriculture. Improvements implemented by the government have helped the economy grow and have enabled Algeria to become a lower middle-income country.Continue Reading
Algerian oil production has shown an overall increase since 1980 with the peak years of production spanning from 2005 to 2008, according to the U.S. Energy Information Administration. Production has tailed off slightly from that period, but it is still greater than it was at the beginning of the 2000s. Over the past 20 years, the nation's production has been significantly higher than its consumption, increasing the opportunities for exportation.
Algeria's other major contribution to the world is natural gas. As the owner of the fifth-largest natural gas reserves, Algeria is the second-largest exporter in the world. Hydrocarbons make up a majority of the nation's revenue and export earnings.
Recent trends have placed a greater importance on some of Algeria's lesser resources. Zinc has been increasing utilized for sustainable building and construction. Lead is still widely used in the production of various consumer products, including car batteries, ammunition and weights for lifting.Learn more about Africa