8 billion to Algeria's government to make "structural adjustments." The Paris Club, the international consortium that manages Algeria's foreign debt, refinanced $7 million of the countries oil debts. This has served to ease the struggling economy of the country.
Algeria, due to its struggling oil and gas economy, also depends on agriculture. The agriculture industry accounts for 47% of the countries labor force and makes up 12% of the gross domestic product. Although 70% of Algeria's food is imported, as a whole, the agriculture industry is growing an average of 5% per year. .
The principal food crops in 2000 included cereals such as wheat and barley (1.2 million metric tons), vegetables such as tomatoes and melons (2.6 million), fruits such as grapes, dates, and olives (1.5 million), and roots and tubers such as potatoes (950,000). Tobacco is also an important crop. Raising livestock is also important. In 2000 nearly 18.2 billion sheep, 3.4 million goats and 1.6 million cattle were raised. Fishing is an important industry as well. In 1997 the total catch was 99,332 metric tons, including sardines, anchovies, sprats, tuna, and shellfish.
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Major mineral products are iron ore and pyrites, zinc, lead, mercury, and coal. More than 500 million tons of phosphates are thought to exist in hilly regions of Djebel Onk in the north. Virtually all mining and industrial activity is state controlled. Much of the industry is centered on the cities of Algiers and Oran. Major products are carpets and textiles, chemicals, refined petroleum, plastics, construction materials, olive oil, wine, and processed tobacco. Rapidly growing industries include those producing iron and steel, paper, and electrical items.
The principal Algerian exports are natural gas, petroleum, iron ore, vegetables, tobacco, phosphates, fruit, cork, and hides. Major imports are machinery, textiles, sugar, cereals, iron and steel, coal, and gasoline.