Algeria vs Armenia: Economic Indicators Comparison

Algeria with a GDP of $173.8B ranked the 56th largest economy in the world, while Armenia ranked 136th with $12.4B. By GDP 5-years average growth and GDP per capita, Algeria and Armenia ranked 100th vs 56th and 119th vs 115th, respectively.

Gross Domestic Product & Income

StatAlgeriaArmenia
GDP$173.8B$12.4B
GDP growth, 1 year2.1%5%
GDP growth, 5-years average2.8%3.9%
Population41.3M2.9M
GDP per capita$4.1k$4.2k
GDP per capita growth-0.62%4.95%
Purchasing Power Parity conversion factor30.99196.69
Price level ratio of PPP conversion factor GDP to market exchange rate0.270.41
GDP per capita, PPP adjusted$15k$10k
GNI, Atlas method$162.3B$12.5B
GNI per capita$3.9k$4.2k
GNI, PPP adjusted$619.7B$30.9B
GNI per capita, PPP adjusted$15k$10k

Financial system and Human development

StatAlgeriaArmenia
Income Tax Rate35%26%
Corporate Tax Rate23%20%
Inflation, consumer prices4.3%2.5%
Inflation, GDP deflator7.6%2.6%
Unemployment12.2%17.7%
Economic Freedom Index46.970.6
Personal Freedom Index5.357.21
Human Freedom Index5.297.42
Property Rights Index37.960.7
Judical Effectiveness Index3554.1
Business Freedom Index6381
Fiscal Health Index17.368.8
Labor Freedom Index50.572.5
Investment Freedom Index3075
Financial Freedom Index3070
Trade Freedom Index66.280.6
Monetary Freedom Index76.276
Government Spending Index52.680.6
Tax Burden Index75.484.9
Government Integrity Index28.343.4
Corruption Perceptions Index3535
Life expectancy at birth, years76.574.8
Suicide mortality rate, per 100,000 people3.26.6
Mortality caused by road traffic injury, per 100,000 people23.817.1
Intentional homicides, per 100,000 people1.42.4
International tourism, number of arrivals2.7M1.7M

Government debt & reserves

StatAlgeriaArmenia
Central government debt, % of GDP36.9%48.5%
External debt stocks, % of GNI3.2%87.5%
External debt stocks$5.7B$11B
Short-term debt, % of total reserves2.7%50.2%
Total debt service, % of exports and primary income0.5%29.9%
Adjusted net savings including particulate emission damage, % of GNI21.2%1.5%
Gross savings, % of GDP37.8%13.6%
Gross capital formation, % of GDP47.1%22.4%
Total reserves including gold$87.4B$2.3B
Foreign direct investment net inflows$1.5B$254.1M

Exports, imports and economic structure

StatAlgeriaArmenia
Exports of goods and services, % of GDP25.6%37.8%
Imports of goods and services, % of GDP32.3%53.5%
Current account balance (balance of payments)-$22.1B-$1.2B
Revenue excluding grants, % of GDPN/A22.5%
Grants excluding technical cooperation, BoP$79.5M$111.9M
Personal remittances received$1.8B$1.5B
Industry including construction value added, % of GDP39.6%25%
Agriculture, forestry and fishing value added, % of GDP12%13.7%
Charges for the use of intellectual property, payments BoP$147.1MN/A
Charges for the use of intellectual property, receipts BoP$138kN/A
Expense, % of GDPN/A22.1%
Government Expenditure, % of GDP39.8%25.4%

Compare with countries close by GDP per capita

Algeria vs

CountryGDP
per capita
Population
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
808k
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k
Philippines
$3.1k
105M
Ukraine
$3.1k
42.6M

Armenia vs

CountryGDP
per capita
Population
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
808k
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M