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Economy of Algeria vs Barbados compared: GDP & Debt

Updated on by Georank team

Algeria has a GDP of $269B compared to $7.5B for Barbados, ranking 51/197 and 157/197 by economy size, respectively.

Algeria has $129B in government debt (48.1% of GDP), compared to $7.97B (106.3% of GDP) in Barbados.

Algeria vs Barbados GDP by year

Algeria
Barbados
1x
Year GDP, current $
Algeria Barbados
2024 $269,322,281,665 $7,498,050,000
2023 $247,923,887,215 $7,223,250,000
2022 $225,581,644,703 $6,884,900,000
2021 $186,231,205,262 $5,947,550,000
2020 $164,873,415,325 $5,407,050,000
2019 $193,459,662,091 $6,161,850,000
2018 $194,554,483,656 $6,001,950,000
2017 $189,880,896,903 $5,683,150,000
2016 $180,763,839,522 $5,674,600,000
2015 $187,493,855,609 $5,698,150,000
2014 $238,942,664,193 $5,620,600,000
2013 $229,701,430,292 $5,667,200,000
2012 $227,143,746,076 $5,761,450,000
2011 $218,331,946,925 $5,663,100,000
2010 $177,785,053,940 $5,672,900,000
2009 $150,317,292,079 $4,466,809,600
2008 $180,383,848,331 $4,790,410,400
2007 $142,482,739,810 $4,675,767,950
2006 $123,084,258,693 $4,217,323,400
2005 $107,046,618,670 $3,819,500,000
2004 $91,913,680,985 $3,444,500,000
2003 $73,482,264,191 $3,209,500,000
2002 $61,516,103,406 $3,106,500,000
2001 $59,413,400,924 $3,054,500,000
2000 $54,790,398,570 $3,059,500,000
1999 $48,640,671,735 $2,951,822,205
1998 $48,187,781,984 $2,817,083,478
1997 $48,177,612,042 $2,498,384,130
1996 $46,941,554,225 $2,363,645,403
1995 $41,764,291,672 $2,216,974,096
1994 $42,543,176,829 $2,151,344,901
1993 $49,945,584,453 $2,063,342,117
1992 $48,003,133,347 $1,957,000,000
1991 $45,715,676,428 $2,020,583,702
1990 $62,048,507,531 $2,012,131,457
1989 $55,634,721,573 $2,006,165,167
1988 $59,089,396,860 $1,812,757,918
1987 $66,745,818,375 $1,704,370,308
1986 $63,692,007,897 $1,547,755,183
1985 $57,937,868,670 $1,409,536,121
1984 $53,698,548,293 $1,346,890,071
1983 $48,801,369,800 $1,236,016,507
1982 $45,207,167,470 $1,163,923,830
1981 $44,348,590,461 $1,114,204,743
1980 $42,345,829,079 $1,012,280,615
1979 $33,243,706,860 $670,362,452
1978 $26,364,491,313 $552,883,707
1977 $20,972,113,685 $495,097,668
1976 $17,728,240,932 $435,911,269
1975 $15,557,902,754 $402,178,605
1974 $13,209,871,626 $311,804,630
1973 $8,707,858,912 $260,767,828
1972 $6,766,743,957 $213,725,217
1971 $5,077,183,094 $186,826,503
1970 $4,863,526,897 $166,210,203
1969 $4,257,253,264 $141,393,142
1968 $3,852,147,027 $125,733,669
1967 $3,370,870,376 $125,554,009
1966 $3,039,859,187 $113,195,123
1965 $3,136,284,307 $105,021,997
1964 $2,909,316,435 $99,252,731
1963 $2,702,982,018 $99,893,761
1962 $2,001,444,544 $88,782,583
1961 $2,434,747,056 $85,363,759
1960 $2,723,615,451 $80,021,847

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Algeria vs Barbados by year

Algeria
GDP per capita

GDP per capita, PPP
Barbados
GDP per capita

GDP per capita, PPP
1x
Year Current $
Algeria Barbados
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $5,753 $17,621 $26,545 $24,823
2023 $5,370 $16,824 $25,584 $23,660
2022 $4,960 $15,836 $24,387 $22,193
2021 $4,161 $14,497 $21,080 $17,683
2020 $3,744 $12,677 $19,194 $16,555
2019 $4,468 $13,893 $21,912 $19,971
2018 $4,577 $13,727 $21,381 $19,777
2017 $4,555 $13,494 $20,285 $18,437
2016 $4,425 $13,438 $20,296 $19,176
2015 $4,685 $13,807 $20,424 $19,186
2014 $6,095 $14,694 $20,193 $18,595
2013 $5,980 $14,371 $20,410 $19,032
2012 $6,034 $14,441 $20,804 $19,605
2011 $5,916 $14,640 $20,508 $20,316
2010 $4,913 $14,201 $20,611 $20,033
2009 $4,235 $13,651 $16,295 $20,324
2008 $5,181 $13,666 $17,566 $21,376
2007 $4,167 $13,321 $17,235 $20,949
2006 $3,661 $12,791 $15,620 $20,076
2005 $3,233 $12,246 $14,214 $18,450
2004 $2,817 $11,432 $12,886 $17,299
2003 $2,284 $10,803 $12,076 $16,707
2002 $1,937 $10,080 $11,760 $16,133
2001 $1,896 $9,544 $11,640 $15,866
2000 $1,773 $9,187 $11,675 $15,914
1999 $1,596 $8,776 $11,244 $14,873
1998 $1,603 $8,503 $10,734 $14,621
1997 $1,629 $8,129 $9,522 $13,941
1996 $1,617 $8,053 $9,012 $13,090
1995 $1,467 $7,747 $8,460 $12,375
1994 $1,526 $7,463 $8,223 $11,900
1993 $1,831 $7,538 $7,905 $11,448
1992 $1,803 $7,705 $7,519 $11,127
1991 $1,759 $7,582 $7,790 $11,576
1990 $2,445 $7,602 $7,781 $11,687
1989 $2,247 - $7,773 -
1988 $2,451 - $7,033 -
1987 $2,847 - $6,625 -
1986 $2,800 - $6,031 -
1985 $2,633 - $5,510 -
1984 $2,524 - $5,284 -
1983 $2,374 - $4,866 -
1982 $2,275 - $4,599 -
1981 $2,307 - $4,417 -
1980 $2,276 - $4,025 -
1979 $1,843 - $2,668 -
1978 $1,506 - $2,198 -
1977 $1,232 - $1,968 -
1976 $1,080 - $1,734 -
1975 $992 - $1,601 -
1974 $873 - $1,243 -
1973 $590 - $1,042 -
1972 $469 - $856 -
1971 $360 - $750 -
1970 $353 - $666 -
1969 $316 - $567 -
1968 $292.4 - $506 -
1967 $261.8 - $508 -
1966 $241.4 - $462 -
1965 $253.6 - $433 -
1964 $238.9 - $414 -
1963 $225.6 - $421 -
1962 $169.6 - $377 -
1961 $209.4 - $366 -
1960 $238.4 - $347 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Algeria's GDP per capita is $5,753, ranking 114/197, compared to $26,545 in Barbados, ranking 46/197. Adjusted for purchasing power (GDP per capita PPP), Algeria ranks 105th at $17,621, while Barbados ranks 84th at $24,823.

Economic indicators

Algeria Barbados
Gross domestic product
$269B
2024
$7.5B
2024
GDP rank
51/197
2024
157/197
2024
GDP growth
3.7%
2023-2024
2.48%
2023-2024
GDP per capita
$5,753
2024
$26,545
2024
GDP per capita rank
114/197
2024
46/197
2024
GDP per capita, PPP
$17,621
2024
$24,823
2024
GDP per capita PPP rank
105/197
2024
84/197
2024
Government debt
$129B
2024
$7.97B
2024
Debt-to-GDP ratio
48.1%
2024
106.3%
2024
Government debt per person
$2,765
2024
$28,218
2024
Government debt per person rank
106/185
2024
26/185
2024
Average annual personal income after taxes
$3,787
2026
$18,869
2026
Market capitalization of domestic companies
$371M
2018
$2.78B
2020
Number of billionaires
1
2025
1
2025
Income share by richest 10%
22.9%
2011
25.8%
2016
Income share by poorest 10%
4%
2011
2.5%
2016
Government expenditure, % of GDP
36.8%
2024
30.2%
2024
Consumer prices inflation
4.05%
2023-2024
-0.44%
2023-2024
Central bank interest rate
3%
2020
2%
2020
Unemployment rate
12%
2017
6.54%
2023
Population
48222325
282798

Spending and national debt comparison by year

Algeria
Spending

Debt
Barbados
Spending

Debt
1x
Year % of GDP
Algeria Barbados
Government spending Government debt Government spending Government debt
2024 36.8% 48.1% 30.2% 106.3%
2023 37.4% 47.7% 28.8% 113.4%
2022 32.7% 48.1% 30.3% 116.9%
2021 32.5% 55.1% 32.5% 130.2%
2020 37.5% 46% 30.3% 128.4%
2019 37.1% 40.9% 23.9% 109.5%
2018 36.2% 34.5% 26.9% 115%
2017 36.2% 24% 29.8% 143.6%
2016 37.2% 18.1% 30.7% 136.5%
2015 40.9% 7.73% 31.4% 131.9%
2014 36.9% 6.85% 29% 122%
2013 33.5% 6.48% 30.8% 118.6%
2012 40% 8.58% 30.6% 109.4%
2011 37.7% 8.48% 27.7% 98.7%
2010 35.1% 9.51% 29.7% 96%
2009 40.1% 8.92% 29.5% 88.5%
2008 37.3% 7.64% 28.1% 72.6%
2007 33.1% 12.8% 27.8% 69%
2006 27.8% 22.5% 27.2% 69.8%
2005 27.8% 25.4% 28.7% 68.2%
2004 27.1% 32.7% 28.5% 66.5%
2003 27% 38.2% 29.8% 66.6%
2002 32.5% 47.3% 31% 66.1%
2001 29.1% 50% 22% 62.6%
2000 26.4% 53.4% 20.8% 56.6%
1999 29.4% 69.7% 19.7% 50.1%
1998 28.7% 79.9% 19% 50.5%
1997 28.5% 79.6% 21.5% 56.9%
1996 26.9% 90.7% 20.5% 56.1%
1995 28.9% 95.9% 18.6% 55.9%
1994 30.9% 106.3% 17% 55%
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/algeria/barbados | CC BY

In 2024, Algeria's government spending was $99.1B, accounting for 36.8% of its GDP, while Barbados spent $2.26B, or 30.2% of GDP.

Debt-to-GDP ratio is 48.1% in Algeria and 106.3% in Barbados, ranking 113/185 and 18/185, respectively.

Government deficit by year

Deficit/surplus
Algeria

Barbados
1x
Year Deficit/surplus, % of GDP
Algeria Barbados
2024 -13.8% -0.89%
2023 -5.52% -1.71%
2022 -2.96% -1.96%
2021 -6.32% -4.65%
2020 -10.5% -4.16%
2019 -8.51% 3.08%
2018 -6.15% -0.34%
2017 -7.55% -3.89%
2016 -11.8% -4.88%
2015 -13.9% -8.16%
2014 -7.14% -6.57%
2013 -0.79% -8.98%
2012 -4.04% -7.07%
2011 -1.06% -3.63%
2010 -1.35% -7.55%
2009 -6.53% -6.56%
2008 7.79% -4.1%
2007 4.63% -4.34%
2006 12.9% -3.41%
2005 11.4% -3.03%
2004 6.36% -2.97%
2003 7.22% -3.08%
2002 0.21% -5.28%
2001 3.15% 4.07%
2000 8.91% 4.94%
1999 -1.83% 5.39%
1998 -3.52% 6.03%
1997 2.19% 5.64%
1996 2.7% 3.76%
1995 -1.3% 6.22%
1994 -4.05% 6.72%
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/barbados | 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 Barbados' deficit of $66.8M, or 0.89% of GDP.

Over the past 31 years, Algeria recorded a fiscal deficit in 20 of those years, while Barbados ran a deficit in 22 years. On average, Algeria posted an annual deficit equal to 1.65% of GDP, compared to deficit of 1.66% of GDP for Barbados.

Inflation comparison by year

Inflation
Algeria

Barbados
1x
Year Consumer prices inflation
Algeria Barbados
2024 4.05% -0.44%
2023 9.32% 9.79%
2022 9.27% -
2021 7.23% -
2020 2.42% -
2019 1.95% 4.1%
2018 4.27% 3.67%
2017 5.59% 4.66%
2016 6.4% 1.28%
2015 4.78% -1.11%
2014 2.92% 1.77%
2013 3.25% 1.81%
2012 8.89% 4.53%
2011 4.52% 9.43%
2010 3.91% 5.82%
2009 5.74% 3.64%
2008 4.86% 8.11%
2007 3.68% 4.03%
2006 2.31% 7.31%
2005 1.38% 6.08%
2004 3.96% 1.39%
2003 4.27% 1.62%
2002 1.42% 0.13%
2001 4.23% 2.58%
2000 0.34% 2.44%
1999 2.65% 1.56%
1998 4.95% -1.27%
1997 5.73% 7.71%

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

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

Over the past 28 years, Algeria has recorded an average annual inflation rate of 4.44%, compared with 3.63% in Barbados. In 2024, inflation was 4.05% in Algeria and -0.44% in Barbados.

Balance of trade

Algeria Barbados
Current account balance
-$2.75B
2024
-$296M
2017
Current account balance ranking
154/190
2024
100/190
2017
Current account balance, % of GDP
-1.02%
2024
-5.22%
2017
Goods imports
$45.3B
2024
$1.53B
2017
Goods exports
$48.8B
2024
$705M
2017
Service imports
$9.13B
2024
$687M
2017
Service exports
$4.22B
2024
$1.52B
2017
Imports of goods and services, % of GDP
20.3%
2024
n/a
Exports of goods and services, % of GDP
19.9%
2024
14.5%
2025

Economic freedom indices

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

Algeria Barbados
Economic freedom 45.8 70.4
Economic freedom ranking 179/197 34/197
Property rights 27.7 76.4
Government integrity 29.4 71.3
Judicial effectiveness 30 87.3
Tax burden 80.3 83.2
Government spending 61.9 74.5
Fiscal health 15.4 76.5
Business freedom 59.3 72.3
Labor freedom 52.2 54.3
Monetary freedom 74.7 80.8
Trade freedom 58.8 48.2
Investment freedom 30 60
Financial freedom 30 60

Economic freedom comparison by year

Algeria
Barbados
1x
Year Economic freedom index
Algeria Barbados
2026 45.8 70.4
2025 47.5 68.9
2024 43.9 66.8
2023 43.2 69.8
2022 45.8 71.3
2021 49.7 65
2020 46.9 61.4
2019 46.2 64.7
2018 44.7 57
2017 46.5 54.5
2016 50.1 68.3
2015 48.9 67.9
2014 50.8 68.3
2013 49.6 69.3
2012 51 69
2011 52.4 68.5
2010 56.9 68.3
2009 56.6 71.5
2008 56.2 71.3
2007 55.4 70
2006 55.7 71.9
2005 53.2 70.1
2004 58.1 69.4
2003 57.7 71.3
2002 61 73.6
2001 57.3 71.5
2000 56.8 69.5
1999 57.2 66.7
1998 55.8 67.9
1997 54.9 64.5
1996 54.5 62.3
1995 55.7 -

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

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

The Economic Freedom Index for Algeria is 45.8, ranking 179/197, compared to 70.4 for Barbados, ranking 34/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Algeria Barbados
Services, % of GDP
46.8%
2024
75.5%
2024
Industry, % of GDP
36.2%
2024
12.4%
2024
Agriculture, forestry, and fishing, % of GDP
14%
2024
1.58%
2024
GNI, Atlas method
$252B
2024
$7.1B
2024
GNI per capita, PPP
$17,290
2024
$23,850
2024
Total reserves including gold
$83B
2024
$1.65B
2024
Total reserves ranking
31/177
2024
131/177
2024
Net foreign direct investment
-$1.23B
2024
-$208M
2017
Net inflows of foreign direct investment
$1.23B
2024
$303M
2024
Net outflows of foreign direct investment
$265K
2024
$18.6M
2024
Servicing debt to the IMF, % of GNI
0.17%
2024
n/a
Poverty at national poverty lines
5.5%
2011
25.7%
2016
Gross capital formation, % of GDP
41.1%
2024
n/a

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/barbados | 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. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  6. LivingCost (2026, retrieved 2025-10-14)
  7. 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.