About the OPEC Fund

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OFID Member Countries

Official country name: Democratic and Popular Republic of Algeria
National capital: Algiers
Location: In northern Africa, bordered by the Mediterranean Sea to the North, Mali and Niger to the south, Tunisia and Libya to the east, and Morocco and Mauritania to the west.
Area: 2.38 million km2 (second largest country in Africa)


Natural Resources: petroleum, natural gas, iron ore, phosphates, uranium, lead, zinc
Structure of output (value added, % of GDP): agriculture 12.1%, industry 75.7%, services 12.2% (2001)
Population: 30.9 million (2001)
Urban population: 57.7% (2001)
Life expectancy at birth, total (years, 2000): 71.0
Population growth rate: 1.6% (2001)
Principal exports: petroleum, natural gas and manufactures
Exports of goods and services: US$22.02 billion (2000)
Principal imports: food and live animals, machinery and transport equipment, consumer goods
Imports of goods and services: US$11.7 billion (2000)
GDP: US$54.7 billion (2001)
Annual growth: 2.8% (2001)
GDP per capita: US$1,769 (2001)
Inflation (annual %): 4.2% (2001)
Total external debt: US$29.0 billion (1999)
Total debt service: US$5.3 billion (1999)
Debt service (% of exports of goods and services, 2000): 19.6%
National currency: Algerian dinar (AD)
OPEC Fund Ministerial Council Member: H.E. Karim Djoudi, Minister of Finance
OPEC Fund Governing Board Representative: Mr. Mohamed Benmeradi, Director-General of National Domain, Ministry of Finance
OPEC Fund Alternate Governing Board Representative: Mr. Abdelmalek Zoubeidi, Director-General of Studies and Projections, Ministry of Finance,