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Economy of Albania vs Algeria compared: GDP & Debt

Updated on by Georank team

Albania has a GDP of $27B compared to $269B for Algeria, ranking 112/197 and 51/197 by economy size, respectively.

Albania has $15.2B in government debt (56% of GDP), compared to $129B (48.1% of GDP) in Algeria.

Albania vs Algeria GDP by year

Albania
Algeria
1x
Year GDP, current $
Albania Algeria
2024 $27,046,429,297 $269,322,281,665
2023 $23,491,242,727 $247,923,887,215
2022 $19,017,247,014 $225,581,644,703
2021 $18,031,989,573 $186,231,205,262
2020 $15,241,458,745 $164,873,415,325
2019 $15,585,111,614 $193,459,662,091
2018 $15,379,508,330 $194,554,483,656
2017 $13,258,268,436 $189,880,896,903
2016 $11,988,668,785 $180,763,839,522
2015 $11,470,171,827 $187,493,855,609
2014 $13,296,322,588 $238,942,664,193
2013 $12,796,985,886 $229,701,430,292
2012 $12,246,499,748 $227,143,746,076
2011 $12,973,755,875 $218,331,946,925
2010 $12,086,545,641 $177,785,053,940
2009 $12,335,540,656 $150,317,292,079
2008 $13,258,506,375 $180,383,848,331
2007 $11,116,937,870 $142,482,739,810
2006 $9,150,528,132 $123,084,258,693
2005 $8,256,658,250 $107,046,618,670
2004 $7,406,645,793 $91,913,680,985
2003 $5,801,712,040 $73,482,264,191
2002 $4,515,003,117 $61,516,103,406
2001 $4,059,064,033 $59,413,400,924
2000 $3,584,570,165 $54,790,398,570
1999 $3,283,941,510 $48,640,671,735
1998 $2,600,356,999 $48,187,781,984
1997 $2,293,666,030 $48,177,612,042
1996 $3,234,486,232 $46,941,554,225
1995 $2,905,092,799 $41,764,291,672
1994 $1,880,950,864 $42,543,176,829
1993 $1,185,315,468 $49,945,584,453
1992 $652,174,991 $48,003,133,347
1991 $1,099,559,028 $45,715,676,428
1990 $2,028,553,750 $62,048,507,531
1989 $2,253,090,000 $55,634,721,573
1988 $2,051,236,250 $59,089,396,860
1987 $2,080,796,250 $66,745,818,375
1986 $2,097,326,250 $63,692,007,897
1985 $1,897,050,117 $57,937,868,670
1984 $1,857,337,995 $53,698,548,293
1983 $1,881,412,587 $48,801,369,800
1982 $1,861,163,170 $45,207,167,470
1981 $1,808,177,156 $44,348,590,461
1980 $1,578,102,105 $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/albania/algeria | CC BY

GDP per capita in Albania vs Algeria by year

Albania
GDP per capita

GDP per capita, PPP
Algeria
GDP per capita

GDP per capita, PPP
1x
Year Current $
Albania Algeria
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $11,378 $26,702 $5,753 $17,621
2023 $9,731 $24,822 $5,370 $16,824
2022 $7,757 $22,138 $4,960 $15,836
2021 $7,242 $18,213 $4,161 $14,497
2020 $6,028 $16,288 $3,744 $12,677
2019 $6,069 $16,442 $4,468 $13,893
2018 $5,898 $15,055 $4,577 $13,727
2017 $5,006 $14,111 $4,555 $13,494
2016 $4,458 $13,056 $4,425 $13,438
2015 $4,200 $12,387 $4,685 $13,807
2014 $4,794 $11,788 $6,095 $14,694
2013 $4,543 $10,882 $5,980 $14,371
2012 $4,281 $10,609 $6,034 $14,441
2011 $4,466 $10,273 $5,916 $14,640
2010 $4,149 $9,755 $4,913 $14,201
2009 $4,214 $9,031 $4,235 $13,651
2008 $4,499 $8,469 $5,181 $13,666
2007 $3,743 $7,585 $4,167 $13,321
2006 $3,058 $6,753 $3,661 $12,791
2005 $2,742 $6,014 $3,233 $12,246
2004 $2,447 $5,595 $2,817 $11,432
2003 $1,909 $5,169 $2,284 $10,803
2002 $1,480 $4,840 $1,937 $10,080
2001 $1,326 $4,451 $1,896 $9,544
2000 $1,160 $3,978 $1,773 $9,187
1999 $1,056 $3,549 $1,596 $8,776
1998 $831 $3,086 $1,603 $8,503
1997 $729 $2,760 $1,629 $8,129
1996 $1,021 $3,054 $1,617 $8,053
1995 $911 $2,777 $1,467 $7,747
1994 $586 $2,385 $1,526 $7,463
1993 $367 $2,143 $1,831 $7,538
1992 $200.9 $1,899 $1,803 $7,705
1991 $337 $1,989 $1,759 $7,582
1990 $617 $2,656 $2,445 $7,602
1989 $698 - $2,247 -
1988 $653 - $2,451 -
1987 $675 - $2,847 -
1986 $694 - $2,800 -
1985 $640 - $2,633 -
1984 $639 - $2,524 -
1983 $662 - $2,374 -
1982 $668 - $2,275 -
1981 $663 - $2,307 -
1980 $591 - $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/albania/algeria | CC BY

Albania's GDP per capita is $11,378, ranking 82/197, compared to $5,753 in Algeria, ranking 114/197. Adjusted for purchasing power (GDP per capita PPP), Albania ranks 79th at $26,702, while Algeria ranks 105th at $17,621.

Economic indicators

Albania Algeria
Gross domestic product
$27B
2024
$269B
2024
GDP rank
112/197
2024
51/197
2024
GDP growth
4.05%
2023-2024
3.7%
2023-2024
GDP per capita
$11,378
2024
$5,753
2024
GDP per capita rank
82/197
2024
114/197
2024
GDP per capita, PPP
$26,702
2024
$17,621
2024
GDP per capita PPP rank
79/197
2024
105/197
2024
Government debt
$15.2B
2024
$129B
2024
Debt-to-GDP ratio
56%
2024
48.1%
2024
Government debt per person
$6,375
2024
$2,765
2024
Government debt per person rank
72/185
2024
106/185
2024
Average annual personal income after taxes
$9,075
2026
$3,787
2026
Market capitalization of domestic companies n/a
$371M
2018
Number of billionaires
1
2025
1
2025
Income share by richest 10%
22.8%
2020
22.9%
2011
Income share by poorest 10%
3.4%
2020
4%
2011
Government expenditure, % of GDP
28.9%
2024
36.8%
2024
Consumer prices inflation
2.2%
2023-2024
4.05%
2023-2024
Central bank interest rate
2.5%
2025
3%
2020
Unemployment rate
10.7%
2023
12%
2017
Population
2342753
48222325

Spending and national debt comparison by year

Albania
Spending

Debt
Algeria
Spending

Debt
1x
Year % of GDP
Albania Algeria
Government spending Government debt Government spending Government debt
2024 28.9% 56% 36.8% 48.1%
2023 28.5% 58% 37.4% 47.7%
2022 30.3% 65.2% 32.7% 48.1%
2021 31.9% 74.8% 32.5% 55.1%
2020 32.4% 75.4% 37.5% 46%
2019 28.8% 66.6% 37.1% 40.9%
2018 28.7% 68.5% 36.2% 34.5%
2017 29.2% 71.9% 36.2% 24%
2016 29.1% 73.3% 37.2% 18.1%
2015 30.8% 73.7% 40.9% 7.73%
2014 31.7% 72% 36.9% 6.85%
2013 29.2% 70.4% 33.5% 6.48%
2012 28.2% 62.1% 40% 8.58%
2011 28.9% 59.4% 37.7% 8.48%
2010 29.4% 57.7% 35.1% 9.51%
2009 32.7% 59.7% 40.1% 8.92%
2008 31.7% 55.1% 37.3% 7.64%
2007 29.3% 53.6% 33.1% 12.8%
2006 29.2% 56.7% 27.8% 22.5%
2005 28.9% 58.2% 27.8% 25.4%
2004 30.2% 57.5% 27.1% 32.7%
2003 29.7% 60.2% 27% 38.2%
2002 31.5% 64.1% 32.5% 47.3%
2001 32.7% 60.6% 29.1% 50%
2000 33.8% 63.8% 26.4% 53.4%
1999 37.1% 68.2% 29.4% 69.7%
1998 36.8% 71.2% 28.7% 79.9%
1997 30.3% 72.2% 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/albania/algeria | CC BY

In 2024, Albania's government spending was $7.83B, accounting for 28.9% of its GDP, while Algeria spent $99.1B, or 36.8% of GDP.

Debt-to-GDP ratio is 56% in Albania and 48.1% in Algeria, ranking 94/185 and 113/185, respectively.

Government deficit by year

Deficit/surplus
Albania

Algeria
1x
Year Deficit/surplus, % of GDP
Albania Algeria
2024 -0.72% -13.8%
2023 -1.32% -5.52%
2022 -3.64% -2.96%
2021 -4.57% -6.32%
2020 -6.67% -10.5%
2019 -1.92% -8.51%
2018 -1.6% -6.15%
2017 -1.41% -7.55%
2016 -1.5% -11.8%
2015 -4.32% -13.9%
2014 -5.46% -7.14%
2013 -5.22% -0.79%
2012 -3.44% -4.04%
2011 -3.52% -1.06%
2010 -3.52% -1.35%
2009 -6.59% -6.53%
2008 -4.88% 7.79%
2007 -3.18% 4.63%
2006 -3.26% 12.9%
2005 -3.46% 11.4%
2004 -5.16% 6.36%
2003 -5.01% 7.22%
2002 -6.21% 0.21%
2001 -6.84% 3.15%
2000 -7.77% 8.91%
1999 -8.84% -1.83%
1998 -9.93% -3.52%
1997 -11.9% 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/albania/algeria | CC BY

In 2024, Albania's government deficit, the difference between spending and revenue, was $196M, equivalent to 0.72% of GDP. This compares to Algeria's deficit of $37.1B, or 13.8% of GDP.

Over the past 28 years, Albania recorded a fiscal deficit in 28 of those years, while Algeria ran a deficit in 18 years. On average, Albania posted an annual deficit equal to 4.71% of GDP, compared to deficit of 1.73% of GDP for Algeria.

Inflation comparison by year

Inflation
Albania

Algeria
1x
Year Consumer prices inflation
Albania Algeria
2024 2.2% 4.05%
2023 4.8% 9.32%
2022 6.7% 9.27%
2021 2% 7.23%
2020 1.6% 2.42%
2019 1.4% 1.95%
2018 2% 4.27%
2017 2% 5.59%
2016 1.3% 6.4%
2015 1.9% 4.78%
2014 1.6% 2.92%
2013 1.9% 3.25%
2012 2% 8.89%
2011 3.4% 4.52%
2010 3.6% 3.91%
2009 2.2% 5.74%
2008 3.3% 4.86%
2007 3% 3.68%
2006 2.4% 2.31%
2005 2.4% 1.38%
2004 2.9% 3.96%
2003 2.4% 4.27%
2002 5.2% 1.42%
2001 3.1% 4.23%
2000 0% 0.34%
1999 0.4% 2.65%
1998 20.6% 4.95%
1997 33.2% 5.73%

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

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

Over the past 28 years, Albania has recorded an average annual inflation rate of 4.27%, compared with 4.44% in Algeria. In 2024, inflation was 2.2% in Albania and 4.05% in Algeria.

Top exports between countries

Albania
Export category Export value
Raw materials & minerals $12M
Wood & paper products $18K
Metals $7K
Textiles & consumer goods $3K
Chemicals & pharma $2K
Machinery & equipment $2K
Algeria
Export category Export value
Raw materials & minerals $14.6M
Processed food, beverages & tobacco $7.35M
Raw agricultural goods $27K
Machinery & equipment $1K

Balance of trade

Albania Algeria
Current account balance
-$648M
2024
-$2.75B
2024
Current account balance ranking
112/190
2024
154/190
2024
Current account balance, % of GDP
-2.4%
2024
-1.02%
2024
Goods imports
$7.87B
2024
$45.3B
2024
Goods exports
$1.82B
2024
$48.8B
2024
Service imports
$3.83B
2024
$9.13B
2024
Service exports
$8.03B
2024
$4.22B
2024
Imports of goods and services, % of GDP
43.2%
2024
20.3%
2024
Exports of goods and services, % of GDP
36.3%
2024
19.9%
2024

Economic freedom indices

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

Albania Algeria
Economic freedom 68 45.8
Economic freedom ranking 50/197 179/197
Property rights 57.6 27.7
Government integrity 41.9 29.4
Judicial effectiveness 59.9 30
Tax burden 89.3 80.3
Government spending 74.3 61.9
Fiscal health 88 15.4
Business freedom 76.6 59.3
Labor freedom 46.2 52.2
Monetary freedom 78.6 74.7
Trade freedom 83 58.8
Investment freedom 60 30
Financial freedom 60 30

Economic freedom comparison by year

Albania
Algeria
1x
Year Economic freedom index
Albania Algeria
2026 68 45.8
2025 66.6 47.5
2024 64.8 43.9
2023 65.3 43.2
2022 66.6 45.8
2021 65.2 49.7
2020 66.9 46.9
2019 66.5 46.2
2018 64.5 44.7
2017 64.4 46.5
2016 65.9 50.1
2015 65.7 48.9
2014 66.9 50.8
2013 65.2 49.6
2012 65.1 51
2011 64 52.4
2010 66 56.9
2009 63.7 56.6
2008 62.4 56.2
2007 61.4 55.4
2006 60.3 55.7
2005 57.8 53.2
2004 58.5 58.1
2003 56.8 57.7
2002 56.8 61
2001 56.6 57.3
2000 53.6 56.8
1999 53.4 57.2
1998 53.9 55.8
1997 54.8 54.9
1996 53.8 54.5
1995 49.7 55.7

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

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

The Economic Freedom Index for Albania is 68, ranking 50/197, 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

Albania Algeria
Services, % of GDP
48.7%
2024
46.8%
2024
Industry, % of GDP
22.4%
2024
36.2%
2024
Agriculture, forestry, and fishing, % of GDP
15.5%
2024
14%
2024
GNI, Atlas method
$23.6B
2024
$252B
2024
GNI per capita, PPP
$26,500
2024
$17,290
2024
Total reserves including gold
$6.52B
2024
$83B
2024
Total reserves ranking
89/177
2024
31/177
2024
Net foreign direct investment
-$1.45B
2024
-$1.23B
2024
Net inflows of foreign direct investment
$1.71B
2024
$1.23B
2024
Net outflows of foreign direct investment
$261M
2024
$265K
2024
Servicing debt to the IMF, % of GNI
3.25%
2024
0.17%
2024
Poverty at national poverty lines
19.7%
2022
5.5%
2011
Gross capital formation, % of GDP
25%
2024
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/albania/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. TradeMap (2017–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. 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.