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Economy of Afghanistan vs Algeria compared: GDP & Debt

Updated on by Georank team

Afghanistan has a GDP of $17.2B compared to $269B for Algeria, ranking 137/197 and 51/197 by economy size, respectively.

Afghanistan has $1.44B in government debt (8.8% of GDP), compared to $129B (48.1% of GDP) in Algeria.

Afghanistan vs Algeria GDP by year

Afghanistan
Algeria
1x
Year GDP, current $
Afghanistan Algeria
2024 - $269,322,281,665
2023 $17,152,234,637 $247,923,887,215
2022 $14,497,243,872 $225,581,644,703
2021 $14,259,995,441 $186,231,205,262
2020 $19,955,929,052 $164,873,415,325
2019 $18,799,444,490 $193,459,662,091
2018 $18,053,222,687 $194,554,483,656
2017 $18,753,456,498 $189,880,896,903
2016 $18,116,572,395 $180,763,839,522
2015 $19,134,221,645 $187,493,855,609
2014 $20,497,128,556 $238,942,664,193
2013 $20,146,416,758 $229,701,430,292
2012 $19,907,329,778 $227,143,746,076
2011 $17,805,098,206 $218,331,946,925
2010 $15,856,668,556 $177,785,053,940
2009 $12,416,152,732 $150,317,292,079
2008 $10,109,297,048 $180,383,848,331
2007 $9,747,886,187 $142,482,739,810
2006 $6,971,758,282 $123,084,258,693
2005 $6,203,256,539 $107,046,618,670
2004 $5,224,896,719 $91,913,680,985
2003 $4,520,946,819 $73,482,264,191
2002 $3,825,701,439 $61,516,103,406
2001 $2,813,571,754 $59,413,400,924
2000 $3,521,418,060 $54,790,398,570
1999 - $48,640,671,735
1998 - $48,187,781,984
1997 - $48,177,612,042
1996 - $46,941,554,225
1995 - $41,764,291,672
1994 - $42,543,176,829
1993 - $49,945,584,453
1992 - $48,003,133,347
1991 - $45,715,676,428
1990 - $62,048,507,531
1989 - $55,634,721,573
1988 - $59,089,396,860
1987 - $66,745,818,375
1986 - $63,692,007,897
1985 - $57,937,868,670
1984 - $53,698,548,293
1983 - $48,801,369,800
1982 - $45,207,167,470
1981 - $44,348,590,461
1980 - $42,345,829,079
1979 - $33,243,706,860
1978 - $26,364,491,313
1977 - $20,972,113,685
1976 - $17,728,240,932
1975 - $15,557,902,754
1974 - $13,209,871,626
1973 - $8,707,858,912
1972 - $6,766,743,957
1971 - $5,077,183,094
1970 - $4,863,526,897
1969 - $4,257,253,264
1968 - $3,852,147,027
1967 - $3,370,870,376
1966 - $3,039,859,187
1965 - $3,136,284,307
1964 - $2,909,316,435
1963 - $2,702,982,018
1962 - $2,001,444,544
1961 - $2,434,747,056
1960 - $2,723,615,451

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/afghanistan/algeria | CC BY

GDP per capita in Afghanistan vs Algeria by year

Afghanistan
GDP per capita

GDP per capita, PPP
Algeria
GDP per capita

GDP per capita, PPP
1x
Year Current $
Afghanistan Algeria
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 - - $5,753 $17,621
2023 $414 $2,202 $5,370 $16,824
2022 $357 $2,123 $4,960 $15,836
2021 $356 $2,144 $4,161 $14,497
2020 $511 $2,562 $3,744 $12,677
2019 $497 $2,583 $4,468 $13,893
2018 $491 $2,432 $4,577 $13,727
2017 $525 $2,336 $4,555 $13,494
2016 $522 $2,213 $4,425 $13,438
2015 $566 $2,284 $4,685 $13,807
2014 $625 $2,224 $6,095 $14,694
2013 $637 $2,133 $5,980 $14,371
2012 $651 $1,988 $6,034 $14,441
2011 $607 $1,744 $5,916 $14,640
2010 $561 $1,766 $4,913 $14,201
2009 $452 $1,571 $4,235 $13,651
2008 $382 $1,334 $5,181 $13,666
2007 $376 $1,287 $4,167 $13,321
2006 $274.2 $1,122 $3,661 $12,791
2005 $254.2 $1,076 $3,233 $12,246
2004 $221.8 $972 $2,817 $11,432
2003 $198.9 $967 $2,284 $10,803
2002 $179 $927 $1,937 $10,080
2001 $138.7 $748 $1,896 $9,544
2000 $174.9 $814 $1,773 $9,187
1999 - - $1,596 $8,776
1998 - - $1,603 $8,503
1997 - - $1,629 $8,129
1996 - - $1,617 $8,053
1995 - - $1,467 $7,747
1994 - - $1,526 $7,463
1993 - - $1,831 $7,538
1992 - - $1,803 $7,705
1991 - - $1,759 $7,582
1990 - - $2,445 $7,602
1989 - - $2,247 -
1988 - - $2,451 -
1987 - - $2,847 -
1986 - - $2,800 -
1985 - - $2,633 -
1984 - - $2,524 -
1983 - - $2,374 -
1982 - - $2,275 -
1981 - - $2,307 -
1980 - - $2,276 -
1979 - - $1,843 -
1978 - - $1,506 -
1977 - - $1,232 -
1976 - - $1,080 -
1975 - - $992 -
1974 - - $873 -
1973 - - $590 -
1972 - - $469 -
1971 - - $360 -
1970 - - $353 -
1969 - - $316 -
1968 - - $292.4 -
1967 - - $261.8 -
1966 - - $241.4 -
1965 - - $253.6 -
1964 - - $238.9 -
1963 - - $225.6 -
1962 - - $169.6 -
1961 - - $209.4 -
1960 - - $238.4 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/afghanistan/algeria | CC BY

Afghanistan's GDP per capita is $414, ranking 196/197, compared to $5,753 in Algeria, ranking 114/197. Adjusted for purchasing power (GDP per capita PPP), Afghanistan ranks 184th at $2,202, while Algeria ranks 105th at $17,621.

Economic indicators

Afghanistan Algeria
Gross domestic product
$17.2B
2023
$269B
2024
GDP rank
137/197
2023
51/197
2024
GDP growth
2.27%
2022-2023
3.7%
2023-2024
GDP per capita
$414
2023
$5,753
2024
GDP per capita rank
196/197
2023
114/197
2024
GDP per capita, PPP
$2,202
2023
$17,621
2024
GDP per capita PPP rank
184/197
2023
105/197
2024
Government debt
$1.44B
2023
$129B
2024
Debt-to-GDP ratio
8.8%
2024
48.1%
2024
Government debt per person
$34.8
2023
$2,765
2024
Government debt per person rank
185/185
2023
106/185
2024
Average annual personal income after taxes
$1,869
2026
$3,787
2026
Market capitalization of domestic companies n/a
$371M
2018
Number of billionaires n/a
1
2025
Income share by richest 10% n/a
22.9%
2011
Income share by poorest 10% n/a
4%
2011
Government expenditure, % of GDP
19.4%
2024
36.8%
2024
Consumer prices inflation
-4.3%
2023-2024
4.05%
2023-2024
Central bank interest rate
6%
2021
3%
2020
Unemployment rate
5.68%
2021
12%
2017
Population
45409324
48222325

Spending and national debt comparison by year

Afghanistan
Spending

Debt
Algeria
Spending

Debt
1x
Year % of GDP
Afghanistan Algeria
Government spending Government debt Government spending Government debt
2024 19.4% 8.8% 36.8% 48.1%
2023 17% 8.42% 37.4% 47.7%
2022 16.1% 10.8% 32.7% 48.1%
2021 17.9% 11.2% 32.5% 55.1%
2020 27.9% 7.33% 37.5% 46%
2019 28% 6.14% 37.1% 40.9%
2018 28.9% 7.38% 36.2% 34.5%
2017 27.7% 8% 36.2% 24%
2016 28% 8.44% 37.2% 18.1%
2015 25.9% 9.15% 40.9% 7.73%
2014 25.4% 8.7% 36.9% 6.85%
2013 25% 6.92% 33.5% 6.48%
2012 25% 6.77% 40% 8.58%
2011 21.9% 7.52% 37.7% 8.48%
2010 20.8% 7.71% 35.1% 9.51%
2009 21.2% 16.2% 40.1% 8.92%
2008 20.9% 19.1% 37.3% 7.64%
2007 21.4% 20.1% 33.1% 12.8%
2006 18.3% 23% 27.8% 22.5%
2005 15.7% 206.4% 27.8% 25.4%
2004 15.1% 245% 27.1% 32.7%
2003 11.9% 270.6% 27% 38.2%
2002 6.94% 346% 32.5% 47.3%
2001 - - 29.1% 50%
2000 - - 26.4% 53.4%
1999 - - 29.4% 69.7%
1998 - - 28.7% 79.9%
1997 - - 28.5% 79.6%
1996 - - 26.9% 90.7%
1995 - - 28.9% 95.9%
1994 - - 30.9% 106.3%
1993 - - 32.6% 76.8%
1992 - - 28.2% 69.3%
1991 - - 27.6% 86.1%
1990 - - 23.3% 63.6%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1990, retrieved 2026-02-20).

GeoRank.org/economy/afghanistan/algeria | CC BY

In 2024, Afghanistan's government spending was $2.91B, accounting for 19.4% of its GDP, while Algeria spent $99.1B, or 36.8% of GDP.

Debt-to-GDP ratio is 8.8% in Afghanistan and 48.1% in Algeria, ranking 181/185 and 113/185, respectively.

Government deficit by year

Deficit/surplus
Afghanistan

Algeria
1x
Year Deficit/surplus, % of GDP
Afghanistan Algeria
2024 -0.54% -13.8%
2023 -1.33% -5.52%
2022 -1% -2.96%
2021 -0.48% -6.32%
2020 -2.24% -10.5%
2019 -1.06% -8.51%
2018 1.63% -6.15%
2017 -0.67% -7.55%
2016 0.13% -11.8%
2015 -1.38% -13.9%
2014 -1.72% -7.14%
2013 -0.63% -0.79%
2012 0.18% -4.04%
2011 -0.67% -1.06%
2010 0.93% -1.35%
2009 -1.76% -6.53%
2008 -3.86% 7.79%
2007 -2.46% 4.63%
2006 0.68% 12.9%
2005 -0.92% 11.4%
2004 -2.39% 6.36%
2003 -2.1% 7.22%
2002 -0.1% 0.21%
2001 - 3.15%
2000 - 8.91%
1999 - -1.83%
1998 - -3.52%
1997 - 2.19%
1996 - 2.7%
1995 - -1.3%
1994 - -4.05%
1993 - -7.79%
1992 - -1.05%
1991 - 1.53%
1990 - 3.35%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/afghanistan/algeria | CC BY

In 2023, Afghanistan's government deficit, the difference between spending and revenue, was $228M, equivalent to 1.33% of GDP. This compares to Algeria's deficit of $13.7B, or 5.52% of GDP.

Over the past 22 years, Afghanistan recorded a fiscal deficit in 17 of those years, while Algeria ran a deficit in 15 years. On average, Afghanistan posted an annual deficit equal to 0.96% of GDP, compared to deficit of 1.98% of GDP for Algeria.

Inflation comparison by year

Inflation
Afghanistan

Algeria
1x
Year Consumer prices inflation
Afghanistan Algeria
2024 -4.3% 4.05%
2023 -7.7% 9.32%
2022 10.6% 9.27%
2021 7.8% 7.23%
2020 5.6% 2.42%
2019 2.3% 1.95%
2018 0.6% 4.27%
2017 5% 5.59%
2016 4.4% 6.4%
2015 -0.7% 4.78%
2014 4.7% 2.92%
2013 7.4% 3.25%
2012 6.4% 8.89%
2011 11.8% 4.52%
2010 2.2% 3.91%
2009 -6.8% 5.74%
2008 26.4% 4.86%
2007 8.7% 3.68%
2006 6.8% 2.31%
2005 10.6% 1.38%
2004 16.4% 3.96%
2003 35.7% 4.27%
2002 - 1.42%
2001 - 4.23%
2000 - 0.34%
1999 - 2.65%
1998 - 4.95%
1997 - 5.73%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06); International Monetary Fund (IMF) | World Economic Outlook (2003–2024, retrieved 2026-02-20).

GeoRank.org/economy/afghanistan/algeria | CC BY

Over the past 22 years, Afghanistan has recorded an average annual inflation rate of 7%, compared with 4.77% in Algeria. In 2024, inflation was -4.3% in Afghanistan and 4.05% in Algeria.

Balance of trade

Afghanistan Algeria
Current account balance
-$3.14B
2020
-$2.75B
2024
Current account balance ranking
159/190
2020
154/190
2024
Current account balance, % of GDP
-15.7%
2020
-1.02%
2024
Goods imports
$5.88B
2020
$45.3B
2024
Goods exports
$777M
2020
$48.8B
2024
Service imports
$1.11B
2020
$9.13B
2024
Service exports
$700M
2020
$4.22B
2024
Imports of goods and services, % of GDP
50.7%
2023
20.3%
2024
Exports of goods and services, % of GDP
16.9%
2023
19.9%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Afghanistan Algeria
Economic freedom 53 45.8
Economic freedom ranking 142/197 179/197
Property rights 3.6 27.7
Government integrity 13.5 29.4
Judicial effectiveness 0 30
Tax burden 92 80.3
Government spending 90.8 61.9
Fiscal health 98.4 15.4
Business freedom 33.7 59.3
Labor freedom 44.4 52.2
Monetary freedom 84.9 74.7
Trade freedom 68.6 58.8
Investment freedom 10 30
Financial freedom 10 30

Economic freedom comparison by year

Afghanistan
Algeria
1x
Year Economic freedom index
Afghanistan Algeria
2026 - 45.8
2025 - 47.5
2024 - 43.9
2023 - 43.2
2022 - 45.8
2021 53 49.7
2020 54.7 46.9
2019 51.5 46.2
2018 51.3 44.7
2017 48.9 46.5
2016 - 50.1
2015 - 48.9
2014 - 50.8
2013 - 49.6
2012 - 51
2011 - 52.4
2010 - 56.9
2009 - 56.6
2008 - 56.2
2007 - 55.4
2006 - 55.7
2005 - 53.2
2004 - 58.1
2003 - 57.7
2002 - 61
2001 - 57.3
2000 - 56.8
1999 - 57.2
1998 - 55.8
1997 - 54.9
1996 - 54.5
1995 - 55.7

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/afghanistan/algeria | CC BY

The Economic Freedom Index for Afghanistan is 53, ranking 142/197, compared to 45.8 for Algeria, ranking 179/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Afghanistan Algeria
Services, % of GDP
46.4%
2023
46.8%
2024
Industry, % of GDP
13.4%
2023
36.2%
2024
Agriculture, forestry, and fishing, % of GDP
34.7%
2023
14%
2024
GNI, Atlas method
$15.5B
2023
$252B
2024
GNI per capita, PPP
$2,210
2023
$17,290
2024
Total reserves including gold
$9.75B
2020
$83B
2024
Total reserves ranking
78/177
2020
31/177
2024
Net foreign direct investment
$24.3M
2020
-$1.23B
2024
Net inflows of foreign direct investment
$0
2024
$1.23B
2024
Net outflows of foreign direct investment
$0
2024
$265K
2024
Servicing debt to the IMF, % of GNI
0.25%
2023
0.17%
2024
Poverty at national poverty lines
47.1%
2019
5.5%
2011
Gross capital formation, % of GDP
15.3%
2023
41.1%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/afghanistan/algeria | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  6. LivingCost (2026, retrieved 2025-10-14)
  7. International Monetary Fund (IMF) | Public Finances in Modern History (1990, retrieved 2026-02-20)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.