The economy of Algeria is largely reliant on significant exports of petroleum and natural gas. The reserves are mostly in the Eastern Sahara; the Algerian government curbed the exports in the 1980s to slow depletion; exports increased again somewhat in the 1990s. Algeria trades most extensively with France and Italy, in terms of both imports and exports, but also trades with the United States and Spain.
Algiers is the capital and largest city of Algeria, and the second largest city in the Maghreb (after Casablanca). Algiers is an important economic, commercial and financial center, with in particular a stock exchange with a capitalisation of 60 billion euros. The port of Algiers is also the most important of North Africa.
Algiers has an overall cost of living index which equates it with low cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.
Algiers latest cost of living rank for each of the 13 Basket Groups is now available.