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Established: 2000
US$ Billion: 54.8
Origin: Oil
Entity Structure: Fund
Transparency Rating: 1
Summary:
By far Algeria's most significant exports, financially, are petroleum and natural gas. Hydrocarbons provide Algeria with almost two-thirds of government income and over a third of GDP. The stabilization fund was set up in 2000 to insulate the Algerian economy from price volatility in gas & oil commodity prices. The official name is the Fund for the Regulation of Receipts (FRR). It is also known as Fond de Regulation des Recettes. Fund contributions stem from annual oil taxation surpluses.
Central Bank of Algeria
1. All figures quoted are from official sources, or, where the institutions concerned do not issue statistics of their holdings, from other publicly available sources.
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