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Economy of Algeria vs Belarus compared: GDP & Debt

Updated on by Georank team

Algeria has a GDP of $269B compared to $76B for Belarus, ranking 51/197 and 83/197 by economy size, respectively.

Algeria has $129B in government debt (48.1% of GDP), compared to $30.3B (39.9% of GDP) in Belarus.

Algeria vs Belarus GDP by year

Algeria
Belarus
1x
Year GDP, current $
Algeria Belarus
2024 $269,322,281,665 $75,961,865,472
2023 $247,923,887,215 $72,478,760,370
2022 $225,581,644,703 $73,775,179,925
2021 $186,231,205,262 $69,673,747,132
2020 $164,873,415,325 $61,371,673,345
2019 $193,459,662,091 $64,410,170,653
2018 $194,554,483,656 $60,031,026,576
2017 $189,880,896,903 $54,725,405,751
2016 $180,763,839,522 $47,723,545,321
2015 $187,493,855,609 $56,454,769,845
2014 $238,942,664,193 $78,813,069,121
2013 $229,701,430,292 $75,527,558,966
2012 $227,143,746,076 $65,685,890,439
2011 $218,331,946,925 $61,762,382,328
2010 $177,785,053,940 $57,231,904,543
2009 $150,317,292,079 $50,873,167,326
2008 $180,383,848,331 $60,752,106,347
2007 $142,482,739,810 $45,275,711,996
2006 $123,084,258,693 $36,961,894,281
2005 $107,046,618,670 $30,210,091,837
2004 $91,913,680,985 $23,141,566,293
2003 $73,482,264,191 $17,825,444,724
2002 $61,516,103,406 $14,594,900,945
2001 $59,413,400,924 $12,354,820,144
2000 $54,790,398,570 $12,736,856,828
1999 $48,640,671,735 $12,138,486,532
1998 $48,187,781,984 $15,222,012,660
1997 $48,177,612,042 $14,128,408,566
1996 $46,941,554,225 $14,500,437,520
1995 $41,764,291,672 $13,972,683,274
1994 $42,543,176,829 $14,931,435,232
1993 $49,945,584,453 $16,275,073,527
1992 $48,003,133,347 $16,939,790,094
1991 $45,715,676,428 $18,404,907,975
1990 $62,048,507,531 $17,389,558,233
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/belarus | CC BY

GDP per capita in Algeria vs Belarus by year

Algeria
GDP per capita

GDP per capita, PPP
Belarus
GDP per capita

GDP per capita, PPP
1x
Year Current $
Algeria Belarus
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $5,753 $17,621 $8,318 $33,010
2023 $5,370 $16,824 $7,897 $30,834
2022 $4,960 $15,836 $7,995 $28,429
2021 $4,161 $14,497 $7,490 $27,611
2020 $3,744 $12,677 $6,543 $24,872
2019 $4,468 $13,893 $6,838 $22,302
2018 $4,577 $13,727 $6,360 $20,026
2017 $4,555 $13,494 $5,786 $18,414
2016 $4,425 $13,438 $5,040 $17,832
2015 $4,685 $13,807 $5,967 $18,134
2014 $6,095 $14,694 $8,341 $19,038
2013 $5,980 $14,371 $7,998 $19,014
2012 $6,034 $14,441 $6,953 $18,115
2011 $5,916 $14,640 $6,528 $16,563
2010 $4,913 $14,201 $6,035 $15,339
2009 $4,235 $13,651 $5,352 $14,034
2008 $5,181 $13,666 $6,376 $13,886
2007 $4,167 $13,321 $4,735 $12,320
2006 $3,661 $12,791 $3,848 $10,995
2005 $3,233 $12,246 $3,126 $9,637
2004 $2,817 $11,432 $2,378 $8,483
2003 $2,284 $10,803 $1,820 $7,362
2002 $1,937 $10,080 $1,479 $6,697
2001 $1,896 $9,544 $1,244 $6,238
2000 $1,773 $9,187 $1,276 $5,796
1999 $1,596 $8,776 $1,211 $5,331
1998 $1,603 $8,503 $1,511 $5,061
1997 $1,629 $8,129 $1,396 $4,596
1996 $1,617 $8,053 $1,427 $4,039
1995 $1,467 $7,747 $1,371 $3,846
1994 $1,526 $7,463 $1,460 $4,190
1993 $1,831 $7,538 $1,590 $4,641
1992 $1,803 $7,705 $1,658 $4,917
1991 $1,759 $7,582 $1,805 $5,330
1990 $2,445 $7,602 $1,707 $5,220
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/belarus | CC BY

Algeria's GDP per capita is $5,753, ranking 114/197, compared to $8,318 in Belarus, ranking 92/197. Adjusted for purchasing power (GDP per capita PPP), Algeria ranks 105th at $17,621, while Belarus ranks 68th at $33,010.

Economic indicators

Algeria Belarus
Gross domestic product
$269B
2024
$76B
2024
GDP rank
51/197
2024
83/197
2024
GDP growth
3.7%
2023-2024
4.01%
2023-2024
GDP per capita
$5,753
2024
$8,318
2024
GDP per capita rank
114/197
2024
92/197
2024
GDP per capita, PPP
$17,621
2024
$33,010
2024
GDP per capita PPP rank
105/197
2024
68/197
2024
Government debt
$129B
2024
$30.3B
2024
Debt-to-GDP ratio
48.1%
2024
39.9%
2024
Government debt per person
$2,765
2024
$3,318
2024
Government debt per person rank
106/185
2024
97/185
2024
Average annual personal income after taxes
$3,787
2026
$7,345
2026
Market capitalization of domestic companies
$371M
2018
$6.01B
2024
Number of billionaires
1
2025
n/a
Income share by richest 10%
22.9%
2011
20.7%
2020
Income share by poorest 10%
4%
2011
4.5%
2020
Government expenditure, % of GDP
36.8%
2024
40.9%
2024
Consumer prices inflation
4.05%
2023-2024
5.7%
2023-2024
Central bank interest rate
3%
2020
9.75%
2025
Unemployment rate
12%
2017
3.04%
2024
Population
48222325
9013835

Spending and national debt comparison by year

Algeria
Spending

Debt
Belarus
Spending

Debt
1x
Year % of GDP
Algeria Belarus
Government spending Government debt Government spending Government debt
2024 36.8% 48.1% 40.9% 39.9%
2023 37.4% 47.7% 40.3% 40.7%
2022 32.7% 48.1% 38% 40.8%
2021 32.5% 55.1% 36.7% 41.2%
2020 37.5% 46% 38% 47.5%
2019 37.1% 40.9% 37.4% 41%
2018 36.2% 34.5% 37.8% 47.5%
2017 36.2% 24% 39% 53.2%
2016 37.2% 18.1% 40.7% 53.5%
2015 40.9% 7.73% 41.8% 53%
2014 36.9% 6.85% 38.8% 38.8%
2013 33.5% 6.48% 40.8% 36.9%
2012 40% 8.58% 38.9% 36.9%
2011 37.7% 8.48% 40.3% 58.2%
2010 35.1% 9.51% 44.3% 36.8%
2009 40.1% 8.92% 51.7% 32.5%
2008 37.3% 7.64% 60% 20.3%
2007 33.1% 12.8% 49.2% 15.8%
2006 27.8% 22.5% 47.2% 12.3%
2005 27.8% 25.4% 45% 8.12%
2004 27.1% 32.7% 44% 9.22%
2003 27% 38.2% 43.5% -
2002 32.5% 47.3% 43.8% -
2001 29.1% 50% 42.4% -
2000 26.4% 53.4% - -
1999 29.4% 69.7% - -
1998 28.7% 79.9% - -
1997 28.5% 79.6% - -
1996 26.9% 90.7% - -
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, retrieved 2026-02-20).

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

In 2024, Algeria's government spending was $99.1B, accounting for 36.8% of its GDP, while Belarus spent $31.1B, or 40.9% of GDP.

Debt-to-GDP ratio is 48.1% in Algeria and 39.9% in Belarus, ranking 113/185 and 133/185, respectively.

Government deficit by year

Deficit/surplus
Algeria

Belarus
1x
Year Deficit/surplus, % of GDP
Algeria Belarus
2024 -13.8% 1.05%
2023 -5.52% 0.76%
2022 -2.96% -1.98%
2021 -6.32% -0.22%
2020 -10.5% -2.87%
2019 -8.51% 0.91%
2018 -6.15% 1.8%
2017 -7.55% -0.34%
2016 -11.8% -1.66%
2015 -13.9% -2.96%
2014 -7.14% 0.09%
2013 -0.79% -0.98%
2012 -4.04% 0.36%
2011 -1.06% -2.81%
2010 -1.35% -4.19%
2009 -6.53% -7.23%
2008 7.79% -10.9%
2007 4.63% -7.82%
2006 12.9% -7.71%
2005 11.4% -6.71%
2004 6.36% -7.06%
2003 7.22% -6.74%
2002 0.21% -7.81%
2001 3.15% -4.74%
2000 8.91% -
1999 -1.83% -
1998 -3.52% -
1997 2.19% -
1996 2.7% -
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/belarus | 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 Belarus' surplus of $796M, or 1.05% of GDP.

Over the past 24 years, Algeria recorded a fiscal deficit in 16 of those years, while Belarus ran a deficit in 18 years. On average, Algeria posted an annual deficit equal to 2.26% of GDP, compared to deficit of 3.32% of GDP for Belarus.

Inflation comparison by year

Inflation
Algeria

Belarus
1x
Year Consumer prices inflation
Algeria Belarus
2024 4.05% 5.7%
2023 9.32% 5%
2022 9.27% 15.2%
2021 7.23% 9.5%
2020 2.42% 5.5%
2019 1.95% 5.6%
2018 4.27% 4.9%
2017 5.59% 6%
2016 6.4% 11.8%
2015 4.78% 13.5%
2014 2.92% 18.1%
2013 3.25% 18.3%
2012 8.89% 59.2%
2011 4.52% 53.2%
2010 3.91% 7.7%
2009 5.74% 13%
2008 4.86% 14.8%
2007 3.68% 8.4%
2006 2.31% 7%
2005 1.38% 10.3%
2004 3.96% 18.1%
2003 4.27% 28.4%
2002 1.42% 42.6%
2001 4.23% 61.1%
2000 0.34% 168.6%
1999 2.65% 293.7%
1998 4.95% 73%
1997 5.73% 63.8%

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/belarus | CC BY

Over the past 28 years, Algeria has recorded an average annual inflation rate of 4.44%, compared with 37.2% in Belarus. In 2024, inflation was 4.05% in Algeria and 5.7% in Belarus.

Top exports between countries

Algeria
Export category Export value
Chemicals & pharma $434K
Raw agricultural goods $26K
Belarus
Export category Export value
Metals $1.36M
Raw materials & minerals $488K
Textiles & consumer goods $327K
Transport & tourism services $214K
Wood & paper products $164K
Machinery & equipment $115K
Business & finance services $33K
IT & IP services $14K
Raw agricultural goods $9K

Balance of trade

Algeria Belarus
Current account balance
-$2.75B
2024
-$1.94B
2024
Current account balance ranking
154/190
2024
142/190
2024
Current account balance, % of GDP
-1.02%
2024
-2.56%
2024
Goods imports
$45.3B
2024
$44.2B
2024
Goods exports
$48.8B
2024
$39.5B
2024
Service imports
$9.13B
2024
$6.82B
2024
Service exports
$4.22B
2024
$10.1B
2024
Imports of goods and services, % of GDP
20.3%
2024
66.9%
2024
Exports of goods and services, % of GDP
19.9%
2024
65.1%
2024

Economic freedom indices

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

Algeria Belarus
Economic freedom 45.8 49.1
Economic freedom ranking 179/197 166/197
Property rights 27.7 20
Government integrity 29.4 28.3
Judicial effectiveness 30 11.5
Tax burden 80.3 93.5
Government spending 61.9 52.6
Fiscal health 15.4 96.8
Business freedom 59.3 50.3
Labor freedom 52.2 48
Monetary freedom 74.7 69
Trade freedom 58.8 69.2
Investment freedom 30 30
Financial freedom 30 20

Economic freedom comparison by year

Algeria
Belarus
1x
Year Economic freedom index
Algeria Belarus
2026 45.8 49.1
2025 47.5 48.9
2024 43.9 48.4
2023 43.2 51
2022 45.8 53
2021 49.7 61
2020 46.9 61.7
2019 46.2 57.9
2018 44.7 58.1
2017 46.5 58.6
2016 50.1 48.8
2015 48.9 49.8
2014 50.8 50.1
2013 49.6 48
2012 51 49
2011 52.4 47.9
2010 56.9 48.7
2009 56.6 45
2008 56.2 45.3
2007 55.4 47
2006 55.7 47.5
2005 53.2 46.7
2004 58.1 43.1
2003 57.7 39.7
2002 61 39
2001 57.3 38
2000 56.8 41.3
1999 57.2 35.4
1998 55.8 38
1997 54.9 39.8
1996 54.5 38.7
1995 55.7 40.4

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

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

The Economic Freedom Index for Algeria is 45.8, ranking 179/197, compared to 49.1 for Belarus, ranking 166/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Algeria Belarus
Services, % of GDP
46.8%
2024
49.7%
2024
Industry, % of GDP
36.2%
2024
30.7%
2024
Agriculture, forestry, and fishing, % of GDP
14%
2024
6.87%
2024
GNI, Atlas method
$252B
2024
$75.4B
2024
GNI per capita, PPP
$17,290
2024
$32,300
2024
Total reserves including gold
$83B
2024
$8.91B
2024
Total reserves ranking
31/177
2024
82/177
2024
Net foreign direct investment
-$1.23B
2024
-$1.57B
2024
Net inflows of foreign direct investment
$1.23B
2024
$1.74B
2024
Net outflows of foreign direct investment
$265K
2024
$170M
2024
Servicing debt to the IMF, % of GNI
0.17%
2024
7.19%
2024
Poverty at national poverty lines
5.5%
2011
3.9%
2022
Gross capital formation, % of GDP
41.1%
2024
25.8%
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/belarus | 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 (2017–2021, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. 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.