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Economy of Algeria vs Azerbaijan compared: GDP & Debt

Updated on by Georank team

Algeria has a GDP of $269B compared to $74.3B for Azerbaijan, ranking 51/197 and 84/197 by economy size, respectively.

Algeria has $129B in government debt (48.1% of GDP), compared to $16.1B (21.7% of GDP) in Azerbaijan.

Algeria vs Azerbaijan GDP by year

Algeria
Azerbaijan
1x
Year GDP, current $
Algeria Azerbaijan
2024 $269,322,281,665 $74,315,882,353
2023 $247,923,887,215 $72,428,470,588
2022 $225,581,644,703 $78,807,470,588
2021 $186,231,205,262 $54,825,411,765
2020 $164,873,415,325 $42,693,000,000
2019 $193,459,662,091 $48,174,235,294
2018 $194,554,483,656 $47,112,470,052
2017 $189,880,896,903 $40,866,627,352
2016 $180,763,839,522 $37,866,996,883
2015 $187,493,855,609 $53,076,235,355
2014 $238,942,664,193 $75,239,785,452
2013 $229,701,430,292 $74,160,560,124
2012 $227,143,746,076 $69,679,944,504
2011 $218,331,946,925 $65,952,796,428
2010 $177,785,053,940 $52,909,294,792
2009 $150,317,292,079 $44,292,427,185
2008 $180,383,848,331 $48,851,293,785
2007 $142,482,739,810 $33,049,419,431
2006 $123,084,258,693 $20,981,929,498
2005 $107,046,618,670 $13,245,421,881
2004 $91,913,680,985 $8,680,405,741
2003 $73,482,264,191 $7,276,413,079
2002 $61,516,103,406 $6,236,087,738
2001 $59,413,400,924 $5,707,616,204
2000 $54,790,398,570 $5,272,615,723
1999 $48,640,671,735 $4,581,248,567
1998 $48,187,781,984 $4,446,368,571
1997 $48,177,612,042 $3,962,362,387
1996 $46,941,554,225 $3,176,507,376
1995 $41,764,291,672 $2,417,331,193
1994 $42,543,176,829 $1,193,141,110
1993 $49,945,584,453 $1,570,392,598
1992 $48,003,133,347 $444,658,672
1991 $45,715,676,428 $5,344,000,000
1990 $62,048,507,531 $8,884,848,485
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/algeria/azerbaijan | CC BY

GDP per capita in Algeria vs Azerbaijan by year

Algeria
GDP per capita

GDP per capita, PPP
Azerbaijan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Algeria Azerbaijan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $5,753 $17,621 $7,284 $25,089
2023 $5,370 $16,824 $7,133 $23,652
2022 $4,960 $15,836 $7,771 $22,552
2021 $4,161 $14,497 $5,408 $20,111
2020 $3,744 $12,677 $4,230 $15,164
2019 $4,468 $13,893 $4,806 $16,675
2018 $4,577 $13,727 $4,740 $15,283
2017 $4,555 $13,494 $4,147 $14,316
2016 $4,425 $13,438 $3,881 $14,536
2015 $4,685 $13,807 $5,501 $15,075
2014 $6,095 $14,694 $7,891 $17,564
2013 $5,980 $14,371 $7,875 $17,268
2012 $6,034 $14,441 $7,496 $15,994
2011 $5,916 $14,640 $7,190 $14,805
2010 $4,913 $14,201 $5,844 $14,930
2009 $4,235 $13,651 $4,950 $14,246
2008 $5,181 $13,666 $5,574 $13,217
2007 $4,167 $13,321 $3,851 $11,974
2006 $3,661 $12,791 $2,473 $9,398
2005 $3,233 $12,246 $1,578 $6,855
2004 $2,817 $11,432 $1,045 $5,248
2003 $2,284 $10,803 $884 $4,718
2002 $1,937 $10,080 $763 $4,230
2001 $1,896 $9,544 $704 $3,835
2000 $1,773 $9,187 $655 $3,439
1999 $1,596 $8,776 $574 $3,052
1998 $1,603 $8,503 $562 $2,827
1997 $1,629 $8,129 $506 $2,565
1996 $1,617 $8,053 $409 $2,407
1995 $1,467 $7,747 $315 $2,357
1994 $1,526 $7,463 $157.1 $2,648
1993 $1,831 $7,538 $209.5 $3,272
1992 $1,803 $7,705 $60.2 $4,220
1991 $1,759 $7,582 $735 $5,412
1990 $2,445 $7,602 $1,238 $5,343
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/algeria/azerbaijan | CC BY

Algeria's GDP per capita is $5,753, ranking 114/197, compared to $7,284 in Azerbaijan, ranking 101/197. Adjusted for purchasing power (GDP per capita PPP), Algeria ranks 105th at $17,621, while Azerbaijan ranks 82nd at $25,089.

Economic indicators

Algeria Azerbaijan
Gross domestic product
$269B
2024
$74.3B
2024
GDP rank
51/197
2024
84/197
2024
GDP growth
3.7%
2023-2024
4.07%
2023-2024
GDP per capita
$5,753
2024
$7,284
2024
GDP per capita rank
114/197
2024
101/197
2024
GDP per capita, PPP
$17,621
2024
$25,089
2024
GDP per capita PPP rank
105/197
2024
82/197
2024
Government debt
$129B
2024
$16.1B
2024
Debt-to-GDP ratio
48.1%
2024
21.7%
2024
Government debt per person
$2,765
2024
$1,579
2024
Government debt per person rank
106/185
2024
128/185
2024
Average annual personal income after taxes
$3,787
2026
$6,324
2026
Market capitalization of domestic companies
$371M
2018
$1.64B
2024
Number of billionaires
1
2025
n/a
Income share by richest 10%
22.9%
2011
24.2%
2005
Income share by poorest 10%
4%
2011
4.8%
2005
Government expenditure, % of GDP
36.8%
2024
33.9%
2024
Consumer prices inflation
4.05%
2023-2024
2.21%
2023-2024
Central bank interest rate
3%
2020
7%
2025
Unemployment rate
12%
2017
5.65%
2022
Population
48222325
10338778

Spending and national debt comparison by year

Algeria
Spending

Debt
Azerbaijan
Spending

Debt
1x
Year % of GDP
Algeria Azerbaijan
Government spending Government debt Government spending Government debt
2024 36.8% 48.1% 33.9% 21.7%
2023 37.4% 47.7% 32.7% 21.8%
2022 32.7% 48.1% 26.2% 17.3%
2021 32.5% 55.1% 32.2% 26.3%
2020 37.5% 46% 40.2% 21.3%
2019 37.1% 40.9% 32.5% 17.7%
2018 36.2% 34.5% 33.2% 18.7%
2017 36.2% 24% 35.6% 22.5%
2016 37.2% 18.1% 35.4% 20.6%
2015 40.9% 7.73% 38.7% 18%
2014 36.9% 6.85% 36.4% 8.53%
2013 33.5% 6.48% 37.8% 6.18%
2012 40% 8.58% 36.6% 5.83%
2011 37.7% 8.48% 33.7% 4.97%
2010 35.1% 9.51% 32% 4.98%
2009 40.1% 8.92% 34.5% 4.73%
2008 37.3% 7.64% 31.4% 3.22%
2007 33.1% 12.8% 26.1% 4%
2006 27.8% 22.5% 25.3% 5.3%
2005 27.8% 25.4% 22.5% 6.85%
2004 27.1% 32.7% 24.2% 9.71%
2003 27% 38.2% 21.7% 10.7%
2002 32.5% 47.3% 23.1% 11.9%
2001 29.1% 50% 16.8% 13%
2000 26.4% 53.4% 18.2% 13.1%
1999 29.4% 69.7% 19.5% 25.4%
1998 28.7% 79.9% 18.7% 14.3%
1997 28.5% 79.6% 18.5% 11.4%
1996 26.9% 90.7% 19.8% 16.7%
1995 28.9% 95.9% 18.9% 19.2%
1994 30.9% 106.3% 14.7% 11.7%
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 (1990–1994, retrieved 2026-02-20).

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

In 2024, Algeria's government spending was $99.1B, accounting for 36.8% of its GDP, while Azerbaijan spent $25.2B, or 33.9% of GDP.

Debt-to-GDP ratio is 48.1% in Algeria and 21.7% in Azerbaijan, ranking 113/185 and 174/185, respectively.

Government deficit by year

Deficit/surplus
Algeria

Azerbaijan
1x
Year Deficit/surplus, % of GDP
Algeria Azerbaijan
2024 -13.8% 4.06%
2023 -5.52% 7.92%
2022 -2.96% 5.96%
2021 -6.32% 4.21%
2020 -10.5% -6.44%
2019 -8.51% 8.95%
2018 -6.15% 5.43%
2017 -7.55% -1.34%
2016 -11.8% -1.17%
2015 -13.9% -4.83%
2014 -7.14% 2.74%
2013 -0.79% 1.64%
2012 -4.04% 3.71%
2011 -1.06% 10.9%
2010 -1.35% 13.8%
2009 -6.53% 5.86%
2008 7.79% 17.2%
2007 4.63% 2.34%
2006 12.9% 0.66%
2005 11.4% 2.74%
2004 6.36% 1.78%
2003 7.22% 1.6%
2002 0.21% 19.4%
2001 3.15% 21.8%
2000 8.91% 0.14%
1999 -1.83% -1.03%
1998 -3.52% 1.63%
1997 2.19% -0.94%
1996 2.7% -2.25%
1995 -1.3% -1.34%
1994 -4.05% 3.21%
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/azerbaijan | 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 Azerbaijan's surplus of $3.01B, or 4.06% of GDP.

Over the past 31 years, Algeria recorded a fiscal deficit in 20 of those years, while Azerbaijan ran a deficit in 8 years. On average, Algeria posted an annual deficit equal to 1.65% of GDP, compared to surplus of 4.14% of GDP for Azerbaijan.

Inflation comparison by year

Inflation
Algeria

Azerbaijan
1x
Year Consumer prices inflation
Algeria Azerbaijan
2024 4.05% 2.21%
2023 9.32% 8.79%
2022 9.27% 13.9%
2021 7.23% 6.65%
2020 2.42% 2.76%
2019 1.95% 2.61%
2018 4.27% 2.27%
2017 5.59% 12.9%
2016 6.4% 12.4%
2015 4.78% 4.03%
2014 2.92% 1.37%
2013 3.25% 2.42%
2012 8.89% 1.07%
2011 4.52% 7.86%
2010 3.91% 5.73%
2009 5.74% 1.46%
2008 4.86% 20.8%
2007 3.68% 16.7%
2006 2.31% 8.33%
2005 1.38% 9.68%
2004 3.96% 6.71%
2003 4.27% 2.23%
2002 1.42% 2.77%
2001 4.23% 1.55%
2000 0.34% 1.81%
1999 2.65% -8.53%
1998 4.95% -0.77%
1997 5.73% 3.67%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Algeria has recorded an average annual inflation rate of 4.44%, compared with 5.48% in Azerbaijan. In 2024, inflation was 4.05% in Algeria and 2.21% in Azerbaijan.

Top exports between countries

Algeria
Export category Export value
Raw agricultural goods $223K
Azerbaijan
Export category Export value
Raw materials & minerals $2.54M
Machinery & equipment $511K
Metals $287K
Raw agricultural goods $58K
Textiles & consumer goods $19K
Chemicals & pharma $1K

Balance of trade

Algeria Azerbaijan
Current account balance
-$2.75B
2024
$4.67B
2024
Current account balance ranking
154/190
2024
34/190
2024
Current account balance, % of GDP
-1.02%
2024
+6.29%
2024
Goods imports
$45.3B
2024
$17.2B
2024
Goods exports
$48.8B
2024
$26B
2024
Service imports
$9.13B
2024
$10.2B
2024
Service exports
$4.22B
2024
$8.12B
2024
Imports of goods and services, % of GDP
20.3%
2024
36.8%
2024
Exports of goods and services, % of GDP
19.9%
2024
45.9%
2024

Economic freedom indices

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

Algeria Azerbaijan
Economic freedom 45.8 64.3
Economic freedom ranking 179/197 74/197
Property rights 27.7 53.3
Government integrity 29.4 23.6
Judicial effectiveness 30 16.5
Tax burden 80.3 87.9
Government spending 61.9 71.3
Fiscal health 15.4 99.1
Business freedom 59.3 71.2
Labor freedom 52.2 56.9
Monetary freedom 74.7 76
Trade freedom 58.8 75.8
Investment freedom 30 70
Financial freedom 30 70

Economic freedom comparison by year

Algeria
Azerbaijan
1x
Year Economic freedom index
Algeria Azerbaijan
2026 45.8 64.3
2025 47.5 62.5
2024 43.9 61.6
2023 43.2 61.4
2022 45.8 61.6
2021 49.7 70.1
2020 46.9 69.3
2019 46.2 65.4
2018 44.7 64.3
2017 46.5 63.6
2016 50.1 60.2
2015 48.9 61
2014 50.8 61.3
2013 49.6 59.7
2012 51 58.9
2011 52.4 59.7
2010 56.9 58.8
2009 56.6 58
2008 56.2 55.3
2007 55.4 54.6
2006 55.7 53.2
2005 53.2 54.4
2004 58.1 53.4
2003 57.7 54.1
2002 61 53.3
2001 57.3 50.3
2000 56.8 49.8
1999 57.2 47.4
1998 55.8 43.1
1997 54.9 34
1996 54.5 30
1995 55.7 -

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

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

The Economic Freedom Index for Algeria is 45.8, ranking 179/197, compared to 64.3 for Azerbaijan, ranking 74/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Algeria Azerbaijan
Services, % of GDP
46.8%
2024
42.3%
2024
Industry, % of GDP
36.2%
2024
42.6%
2024
Agriculture, forestry, and fishing, % of GDP
14%
2024
5.66%
2024
GNI, Atlas method
$252B
2024
$74.8B
2024
GNI per capita, PPP
$17,290
2024
$24,220
2024
Total reserves including gold
$83B
2024
$12.7B
2024
Total reserves ranking
31/177
2024
72/177
2024
Net foreign direct investment
-$1.23B
2024
$511M
2024
Net inflows of foreign direct investment
$1.23B
2024
$231M
2024
Net outflows of foreign direct investment
$265K
2024
$742M
2024
Servicing debt to the IMF, % of GNI
0.17%
2024
5.83%
2024
Poverty at national poverty lines
5.5%
2011
6%
2012
Gross capital formation, % of GDP
41.1%
2024
21.1%
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/algeria/azerbaijan | 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 (1990–1994, retrieved 2026-02-20)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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.