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Economy of Algeria vs Angola compared: GDP & Debt

Updated on by Georank team

Algeria has a GDP of $269B compared to $101B for Angola, ranking 51/197 and 71/197 by economy size, respectively.

Algeria has $129B in government debt (48.1% of GDP), compared to $60.5B (59.9% of GDP) in Angola.

Algeria vs Angola GDP by year

Algeria
Angola
1x
Year GDP, current $
Algeria Angola
2024 $269,322,281,665 $100,998,916,781
2023 $247,923,887,215 $107,167,747,140
2022 $225,581,644,703 $131,212,208,930
2021 $186,231,205,262 $79,559,543,805
2020 $164,873,415,325 $58,852,456,454
2019 $193,459,662,091 $80,734,428,593
2018 $194,554,483,656 $89,512,794,227
2017 $189,880,896,903 $84,376,935,689
2016 $180,763,839,522 $59,878,249,719
2015 $187,493,855,609 $102,543,067,841
2014 $238,942,664,193 $153,449,860,496
2013 $229,701,430,292 $148,845,200,697
2012 $227,143,746,076 $143,572,907,528
2011 $218,331,946,925 $125,551,634,704
2010 $177,785,053,940 $95,546,919,755
2009 $150,317,292,079 $81,705,175,408
2008 $180,383,848,331 $98,790,432,989
2007 $142,482,739,810 $73,037,821,927
2006 $123,084,258,693 $58,653,659,980
2005 $107,046,618,670 $41,396,636,383
2004 $91,913,680,985 $26,997,977,897
2003 $73,482,264,191 $20,342,128,112
2002 $61,516,103,406 $17,311,512,432
2001 $59,413,400,924 $8,936,079,118
2000 $54,790,398,570 $9,129,594,970
1999 $48,640,671,735 $6,152,923,310
1998 $48,187,781,984 $6,506,221,616
1997 $48,177,612,042 $7,648,380,196
1996 $46,941,554,225 $7,526,421,519
1995 $41,764,291,672 $5,538,749,260
1994 $42,543,176,829 $4,438,321,017
1993 $49,945,584,453 $5,768,720,422
1992 $48,003,133,347 $8,307,810,974
1991 $45,715,676,428 $10,603,784,541
1990 $62,048,507,531 $11,229,515,599
1989 $55,634,721,573 $10,201,780,977
1988 $59,089,396,860 $8,769,836,769
1987 $66,745,818,375 $8,084,412,414
1986 $63,692,007,897 $7,072,536,109
1985 $57,937,868,670 $7,554,065,410
1984 $53,698,548,293 $6,131,475,065
1983 $48,801,369,800 $5,784,341,596
1982 $45,207,167,470 $5,550,483,036
1981 $44,348,590,461 $5,550,483,036
1980 $42,345,829,079 $5,930,503,401
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/algeria/angola | CC BY

GDP per capita in Algeria vs Angola by year

Algeria
GDP per capita

GDP per capita, PPP
Angola
GDP per capita

GDP per capita, PPP
1x
Year Current $
Algeria Angola
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $5,753 $17,621 $2,666 $10,119
2023 $5,370 $16,824 $2,916 $9,754
2022 $4,960 $15,836 $3,682 $9,588
2021 $4,161 $14,497 $2,304 $8,862
2020 $3,744 $12,677 $1,759 $7,827
2019 $4,468 $13,893 $2,494 $8,573
2018 $4,577 $13,727 $2,860 $8,278
2017 $4,555 $13,494 $2,791 $8,007
2016 $4,425 $13,438 $2,052 $7,767
2015 $4,685 $13,807 $3,642 $8,067
2014 $6,095 $14,694 $5,650 $9,018
2013 $5,980 $14,371 $5,689 $8,504
2012 $6,034 $14,441 $5,702 $8,246
2011 $5,916 $14,640 $5,184 $7,538
2010 $4,913 $14,201 $4,102 $7,412
2009 $4,235 $13,651 $3,645 $7,228
2008 $5,181 $13,666 $4,578 $7,316
2007 $4,167 $13,321 $3,515 $6,728
2006 $3,661 $12,791 $2,930 $6,018
2005 $3,233 $12,246 $2,146 $5,416
2004 $2,817 $11,432 $1,451 $4,771
2003 $2,284 $10,803 $1,134 $4,322
2002 $1,937 $10,080 $999 $4,241
2001 $1,896 $9,544 $534 $3,802
2000 $1,773 $9,187 $564 $3,690
1999 $1,596 $8,776 $393 $3,619
1998 $1,603 $8,503 $429 $3,609
1997 $1,629 $8,129 $522 $3,525
1996 $1,617 $8,053 $531 $3,342
1995 $1,467 $7,747 $404 $2,990
1994 $1,526 $7,463 $335 $2,633
1993 $1,831 $7,538 $450 $2,628
1992 $1,803 $7,705 $669 $3,486
1991 $1,759 $7,582 $882 $3,740
1990 $2,445 $7,602 $966 $3,705
1989 $2,247 - $908 -
1988 $2,451 - $807 -
1987 $2,847 - $770 -
1986 $2,800 - $698 -
1985 $2,633 - $772 -
1984 $2,524 - $650 -
1983 $2,374 - $637 -
1982 $2,275 - $634 -
1981 $2,307 - $658 -
1980 $2,276 - $729 -
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/algeria/angola | CC BY

Algeria's GDP per capita is $5,753, ranking 114/197, compared to $2,666 in Angola, ranking 144/197. Adjusted for purchasing power (GDP per capita PPP), Algeria ranks 105th at $17,621, while Angola ranks 133rd at $10,119.

Economic indicators

Algeria Angola
Gross domestic product
$269B
2024
$101B
2024
GDP rank
51/197
2024
71/197
2024
GDP growth
3.7%
2023-2024
4.42%
2023-2024
GDP per capita
$5,753
2024
$2,666
2024
GDP per capita rank
114/197
2024
144/197
2024
GDP per capita, PPP
$17,621
2024
$10,119
2024
GDP per capita PPP rank
105/197
2024
133/197
2024
Government debt
$129B
2024
$60.5B
2024
Debt-to-GDP ratio
48.1%
2024
59.9%
2024
Government debt per person
$2,765
2024
$1,597
2024
Government debt per person rank
106/185
2024
127/185
2024
Average annual personal income after taxes
$3,787
2026
$28,080
2026
Market capitalization of domestic companies
$371M
2018
n/a
Number of billionaires
1
2025
n/a
Income share by richest 10%
22.9%
2011
39.6%
2018
Income share by poorest 10%
4%
2011
1.3%
2018
Government expenditure, % of GDP
36.8%
2024
18.4%
2024
Consumer prices inflation
4.05%
2023-2024
28.2%
2023-2024
Central bank interest rate
3%
2020
18%
2023
Unemployment rate
12%
2017
14.1%
2022
Population
48222325
40555924

Spending and national debt comparison by year

Algeria
Spending

Debt
Angola
Spending

Debt
1x
Year % of GDP
Algeria Angola
Government spending Government debt Government spending Government debt
2024 36.8% 48.1% 18.4% 59.9%
2023 37.4% 47.7% 18.8% 72.4%
2022 32.7% 48.1% 19.5% 56.1%
2021 32.5% 55.1% 17.3% 74.3%
2020 37.5% 46% 20% 119.1%
2019 37.1% 40.9% 18.2% 101.4%
2018 36.2% 34.5% 18.3% 82.5%
2017 36.2% 24% 21% 60.5%
2016 37.2% 18.1% 19.4% 66.7%
2015 40.9% 7.73% 23.9% 50.4%
2014 36.9% 6.85% 32.3% 35.3%
2013 33.5% 6.48% 32.9% 29.5%
2012 40% 8.58% 33.2% 23.8%
2011 37.7% 8.48% 33.3% 26.3%
2010 35.1% 9.51% 34.6% 32.6%
2009 40.1% 8.92% 38.7% 48.4%
2008 37.3% 7.64% 47.2% 28.1%
2007 33.1% 12.8% 34.1% 18.8%
2006 27.8% 22.5% 27.3% 16.7%
2005 27.8% 25.4% 23.7% 29.9%
2004 27.1% 32.7% 26% 41.6%
2003 27% 38.2% 30.1% 50.8%
2002 32.5% 47.3% 27.6% 65.1%
2001 29.1% 50% 30.3% 100.2%
2000 26.4% 53.4% 35.8% 118.2%
1999 29.4% 69.7% 39.4% 104.8%
1998 28.7% 79.9% 26.1% 96.3%
1997 28.5% 79.6% 26.8% 73.5%
1996 26.9% 90.7% 25.2% 92%
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 (1990–1999, retrieved 2026-02-20).

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

In 2024, Algeria's government spending was $99.1B, accounting for 36.8% of its GDP, while Angola spent $18.6B, or 18.4% of GDP.

Debt-to-GDP ratio is 48.1% in Algeria and 59.9% in Angola, ranking 113/185 and 78/185, respectively.

Government deficit by year

Deficit/surplus
Algeria

Angola
1x
Year Deficit/surplus, % of GDP
Algeria Angola
2024 -13.8% -1.01%
2023 -5.52% -1.83%
2022 -2.96% 0.58%
2021 -6.32% 3.4%
2020 -10.5% -1.66%
2019 -8.51% 0.69%
2018 -6.15% 2.03%
2017 -7.55% -5.75%
2016 -11.8% -3.98%
2015 -13.9% -2.57%
2014 -7.14% -5.07%
2013 -0.79% -0.27%
2012 -4.04% 3.68%
2011 -1.06% 7.2%
2010 -1.35% 2.98%
2009 -6.53% -6.8%
2008 7.79% -3.8%
2007 4.63% 3.85%
2006 12.9% 8.42%
2005 11.4% 6.4%
2004 6.36% 1.03%
2003 7.22% -4.1%
2002 0.21% -2.24%
2001 3.15% 2.8%
2000 8.91% 2.02%
1999 -1.83% -8.1%
1998 -3.52% -5.1%
1997 2.19% -0.23%
1996 2.7% 4.49%
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/algeria/angola | CC BY

In 2024, Algeria's government deficit, the difference between spending and revenue, was $37.1B, equivalent to 13.8% of GDP. This compares to Angola's deficit of $1.02B, or 1.01% of GDP.

Over the past 29 years, Algeria recorded a fiscal deficit in 18 of those years, while Angola ran a deficit in 15 years. On average, Algeria posted an annual deficit equal to 1.58% of GDP, compared to deficit of 0.1% of GDP for Angola.

Inflation comparison by year

Inflation
Algeria

Angola
1x
Year Consumer prices inflation
Algeria Angola
2024 4.05% 28.2%
2023 9.32% 13.6%
2022 9.27% 21.4%
2021 7.23% 25.8%
2020 2.42% 22.3%
2019 1.95% 17.1%
2018 4.27% 19.6%
2017 5.59% 29.8%
2016 6.4% 30.7%
2015 4.78% 9.2%
2014 2.92% 7.3%
2013 3.25% 8.8%
2012 8.89% 10.3%
2011 4.52% 13.5%
2010 3.91% 14.5%
2009 5.74% 13.7%
2008 4.86% 12.5%
2007 3.68% 12.2%
2006 2.31% 13.3%
2005 1.38% 23%
2004 3.96% 43.5%
2003 4.27% 98.2%
2002 1.42% 108.9%
2001 4.23% 152.6%
2000 0.34% 325%
1999 2.65% 248.2%
1998 4.95% 107.4%
1997 5.73% 221.5%

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/algeria/angola | CC BY

Over the past 28 years, Algeria has recorded an average annual inflation rate of 4.44%, compared with 59% in Angola. In 2024, inflation was 4.05% in Algeria and 28.2% in Angola.

Top exports between countries

Algeria
Export category Export value
Processed food, beverages & tobacco $42K
Raw materials & minerals $21K
Metals $3K
Chemicals & pharma $1K
Angola
Export category Export value
Metals $128K
Machinery & equipment $6K
Precious metals & jewellery $1K
Raw materials & minerals $1K
Textiles & consumer goods $1K

Balance of trade

Algeria Angola
Current account balance
-$2.75B
2024
$6.31B
2024
Current account balance ranking
154/190
2024
30/190
2024
Current account balance, % of GDP
-1.02%
2024
+6.25%
2024
Goods imports
$45.3B
2024
$14.2B
2024
Goods exports
$48.8B
2024
$36.8B
2024
Service imports
$9.13B
2024
$8.49B
2024
Service exports
$4.22B
2024
$129M
2024
Imports of goods and services, % of GDP
20.3%
2024
19.4%
2024
Exports of goods and services, % of GDP
19.9%
2024
31.5%
2024

Economic freedom indices

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

Algeria Angola
Economic freedom 45.8 54.4
Economic freedom ranking 179/197 133/197
Property rights 27.7 36.9
Government integrity 29.4 28.3
Judicial effectiveness 30 26.3
Tax burden 80.3 86.9
Government spending 61.9 89.3
Fiscal health 15.4 91.9
Business freedom 59.3 42.8
Labor freedom 52.2 50.8
Monetary freedom 74.7 59
Trade freedom 58.8 70.4
Investment freedom 30 30
Financial freedom 30 40

Economic freedom comparison by year

Algeria
Angola
1x
Year Economic freedom index
Algeria Angola
2026 45.8 54.4
2025 47.5 55
2024 43.9 54.3
2023 43.2 53
2022 45.8 52.6
2021 49.7 54.2
2020 46.9 52.2
2019 46.2 50.6
2018 44.7 48.6
2017 46.5 48.5
2016 50.1 48.9
2015 48.9 47.9
2014 50.8 47.7
2013 49.6 47.3
2012 51 46.7
2011 52.4 46.2
2010 56.9 48.4
2009 56.6 47
2008 56.2 46.9
2007 55.4 44.7
2006 55.7 43.5
2005 53.2 -
2004 58.1 -
2003 57.7 -
2002 61 -
2001 57.3 -
2000 56.8 24.3
1999 57.2 23.7
1998 55.8 24.9
1997 54.9 24.2
1996 54.5 24.4
1995 55.7 27.4

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

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

The Economic Freedom Index for Algeria is 45.8, ranking 179/197, compared to 54.4 for Angola, ranking 133/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Algeria Angola
Services, % of GDP
46.8%
2024
41.1%
2024
Industry, % of GDP
36.2%
2024
34.6%
2024
Agriculture, forestry, and fishing, % of GDP
14%
2024
22.1%
2024
GNI, Atlas method
$252B
2024
$108B
2024
GNI per capita, PPP
$17,290
2024
$9,460
2024
Total reserves including gold
$83B
2024
$14.2B
2024
Total reserves ranking
31/177
2024
69/177
2024
Net foreign direct investment
-$1.23B
2024
$1.14B
2024
Net inflows of foreign direct investment
$1.23B
2024
-$1.11B
2024
Net outflows of foreign direct investment
$265K
2024
$33.1M
2024
Servicing debt to the IMF, % of GNI
0.17%
2024
11.5%
2024
Poverty at national poverty lines
5.5%
2011
36.6%
2020
Gross capital formation, % of GDP
41.1%
2024
10.4%
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/algeria/angola | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1990–1999, retrieved 2026-02-20)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, 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.