Hippocampus
Volume 1, Numéro 3, Pages 44-63
2024-07-02
Economic Analysis Of The Fisheries And Aquaculture Sector In Algeria, And Growth Prospects In The Context Of The Blue Economy
Authors : Annane Rachid .
Abstract
In 2018, the fisheries and aquaculture sector in Algeria exhibited robust economic performance, generating 115,672 direct jobs. The overall production witnessed an impressive growth of 11.13%, notably fueled by a substantial 21.43% increase in aquaculture. Export volumes surged by an exceptional 149.5%, accompanied by a 68.07% rise in value, while imports saw a decline of -23.43%. Despite this, turnover increased by 15.57%. By 2022, the sector attained strategic recognition, constituting 5% of the entire agricultural sector, contributing 0.2% to GDP, and supporting over 145,000 jobs. With approximately 10 billion DA invested, aquaculture experienced remarkable growth of 67%, presenting significant investment and export opportunities. Aquaculture, currently representing 10% of the sector's total production, doubled within two years, showcasing double-digit growth and aiming to reach 33% by 2035 and 50% by 2050 through substantial investment. These developments signal promising prospects for the sector. The fishing sector, encompassing marine fishing, aquaculture, and fishing industries, sustains over 142,000 jobs through domestic coastal fishing, yielding approximately 100,000 tons annually. Stringent measures are imperative to ensure the sustainability of this fishery amid limited fish stocks. Nevertheless, these advancements present significant opportunities for the sustainable development of the sector.
Keywords
Sustainability ; Development ; Growth ; Maritime ; Investment
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