Algeria vs Azerbaijan: Economic Indicators Comparison

Algeria with a GDP of $173.8B ranked the 56th largest economy in the world, while Azerbaijan ranked 88th with $46.9B. By GDP 5-years average growth and GDP per capita, Algeria and Azerbaijan ranked 100th vs 164th and 119th vs 110th, respectively.

Gross Domestic Product & Income

StatAlgeriaAzerbaijan
GDP$173.8B$46.9B
GDP growth, 1 year2.1%1.4%
GDP growth, 5-years average2.8%0.4%
Population41.3M10M
GDP per capita$4.1k$4.7k
GDP per capita growth-0.62%0.51%
Purchasing Power Parity conversion factor30.990.44
Price level ratio of PPP conversion factor GDP to market exchange rate0.270.26
GDP per capita, PPP adjusted$15k$18k
GNI, Atlas method$162.3B$40.3B
GNI per capita$3.9k$4.1k
GNI, PPP adjusted$619.7B$170B
GNI per capita, PPP adjusted$15k$17k

Financial system and Human development

StatAlgeriaAzerbaijan
Income Tax Rate35%25%
Corporate Tax Rate23%20%
Inflation, consumer prices4.3%2.3%
Inflation, GDP deflator7.6%11.9%
Unemployment12.2%5.2%
Economic Freedom Index46.969.3
Personal Freedom Index5.356.73
Human Freedom Index5.296.44
Property Rights Index37.967.1
Judical Effectiveness Index3553.9
Business Freedom Index6380.8
Fiscal Health Index17.399.2
Labor Freedom Index50.566.2
Investment Freedom Index3070
Financial Freedom Index3060
Trade Freedom Index66.274.6
Monetary Freedom Index76.269.8
Government Spending Index52.663
Tax Burden Index75.488
Government Integrity Index28.338.7
Corruption Perceptions Index3525
Life expectancy at birth, years76.572.7
Suicide mortality rate, per 100,000 people3.22.6
Mortality caused by road traffic injury, per 100,000 people23.88.7
Intentional homicides, per 100,000 people1.42
International tourism, number of arrivals2.7M2.6M

Government debt & reserves

StatAlgeriaAzerbaijan
Central government debt, % of GDP36.9%19.4%
External debt stocks, % of GNI3.2%36.4%
External debt stocks$5.7B$16.2B
Short-term debt, % of total reserves2.7%8.5%
Total debt service, % of exports and primary income0.5%10.5%
Adjusted net savings including particulate emission damage, % of GNI21.2%9.5%
Gross savings, % of GDP37.8%33%
Gross capital formation, % of GDP47.1%20.1%
Total reserves including gold$87.4B$6.7B
Foreign direct investment net inflows$1.5B$1.4B

Exports, imports and economic structure

StatAlgeriaAzerbaijan
Exports of goods and services, % of GDP25.6%54.3%
Imports of goods and services, % of GDP32.3%37.7%
Current account balance (balance of payments)-$22.1B$6.1B
Revenue excluding grants, % of GDPN/A35.1%
Grants excluding technical cooperation, BoP$79.5M$45.7M
Personal remittances received$1.8B$1.2B
Industry including construction value added, % of GDP39.6%52.2%
Agriculture, forestry and fishing value added, % of GDP12%5.3%
Charges for the use of intellectual property, payments BoP$147.1M$28.2M
Charges for the use of intellectual property, receipts BoP$138k$28k
Expense, % of GDPN/A28%
Government Expenditure, % of GDP39.8%35.1%

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
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
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

Azerbaijan vs

CountryGDP
per capita
Population
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
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
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
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