Algeria is the largest country in Africa and has a population of almost 44 million. Using ABiQ’s forecasting tool, we predict that the population will grow by 15% in the next 10 years to cross 50 million.
Algeria is the 6th largest gas exporter in the world. Its economy is based on oil and gas exports and gets affected by price fluctuations. The GDP in 2019 was $185 million or almost $4,000 per capita.
Power and water
Algeria’s electricity consumption has been steadily increasing in recent years. To meet the additional requirement, Algeria plans to build solar plants. Looking at the growing population and its needs, we predict the country will require 250 megawatts of additional electricity capacity by 2030.
Water is a scarce commodity in Algeria. Over 90% of the country is made up of arid land. The government has taken many initiatives and aspires to provide sufficient potable water for the population. We predict an additional 475 million cubic metres per annum of potable water will be required by 2030.
The growing population and their changing lifestyle have helped boost the retail industry. To meet the demand, the country will need an additional 800,000 square metres of retail space.
By 2030, Algeria will have another 2.5 million children in school. This will create demand for an additional 1,200 schools, assuming each school can accommodate 2,000 children.
China has recently announced building a hospital in Algeria to fight the COVID-19 pandemic. Although Algeria has made a lot of progress towards improving its healthcare system it will need to build more hospitals. An estimated 37 hospitals will be required by 2030 to maintain the current health standards.
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|Population in 2020||43.8 million|
|Population by 2030||50.3 million|
|Population growth from 2020 to 2030||15 %|
|GDP 2019||$ 185 bn|
|Electricity Capacity required by 2030||250 MW|
|Additional Potable Water required per annum by 2030||475 million m3|
|Additional retail by 2030||800,000 m2|
|Additional Children in school by 2030||2.5 million|
|Additional Schools required by 2030*||1,200|
|New Hospitals required by 2030||37|