From 1830 until Algeria gained its independence in March 1962, the country was under the French ruling. Since then Algeria has become a presidential republic containing 48 provinces. The official languages of the country are Arabic and Berber.
As a result of the fact that Algeria is among the countries with the largest oil and gas reserves), Algeria’s economy has developed rapidly, registering a GDP growth rate of about 4 percent in 2015 and 2016. After a slight slump in 2016, it is estimated that Algeria’s GDP will rise to up to 188 billion U.S. dollars by 2020. Due to its increasing unemployment rate, Algeria reported a trade deficit in 2015 and 2016, a first in the last ten years. A regional power in Africa, Algeria’s national debt in 2017 is estimated to have been around 17.3 percent of GDP, making Algeria one of the countries with the lowest national debt. However, these figures could be subjected to a revision in the near future, since they are expected to skyrocket.