Algeria:Section 1 - Data

摘要

1.Algerian President Bouteflika secured third term in office in April 2009 elections with 90 percent of the vote, though faces increasing pressure for political reform; next presidential elections scheduled for April 2014 2.Economy is heavily dependent on the hydrocarbon industry; decline in global prices and demand led to GDP growth of just 2.8 percent in 2011. However, the GDP growth rate looks to increase by 3.3 percent by the end of 2012 but should oil prices fall once again, overall economic growth will remain low 3.Between 2006 and 2010, official defense spending increased $2.58 billion, or roughly 83 percent; budget driven by terrorist threat and the acquisition of advanced weapon systems 4.The Navy has been undergoing expansion due to increased maritime threats. Recent contracts awarded allow the acquisition of two Meko class frigates, two Tiger class corvettes, and 21 FPB-98 class patrol boats.