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Economy of Algeria vs Benin compared: GDP & Debt

Updated on by Georank team

Algeria has a GDP of $269B compared to $21.5B for Benin, ranking 51/197 and 126/197 by economy size, respectively.

Algeria has $129B in government debt (48.1% of GDP), compared to $11.5B (53.4% of GDP) in Benin.

Algeria vs Benin GDP by year

Algeria
Benin
1x
Year GDP, current $
Algeria Benin
2024 $269,322,281,665 $21,482,643,706
2023 $247,923,887,215 $19,673,291,004
2022 $225,581,644,703 $17,425,405,091
2021 $186,231,205,262 $17,687,623,530
2020 $164,873,415,325 $15,686,741,884
2019 $193,459,662,091 $14,391,686,313
2018 $194,554,483,656 $14,262,408,090
2017 $189,880,896,903 $12,701,655,837
2016 $180,763,839,522 $11,821,065,853
2015 $187,493,855,609 $11,388,160,997
2014 $238,942,664,193 $13,284,527,847
2013 $229,701,430,292 $12,517,845,124
2012 $227,143,746,076 $11,141,358,116
2011 $218,331,946,925 $10,693,321,364
2010 $177,785,053,940 $9,535,345,016
2009 $150,317,292,079 $9,738,626,517
2008 $180,383,848,331 $9,787,734,526
2007 $142,482,739,810 $8,169,048,383
2006 $123,084,258,693 $7,034,111,315
2005 $107,046,618,670 $6,567,654,954
2004 $91,913,680,985 $6,190,270,380
2003 $73,482,264,191 $5,349,258,094
2002 $61,516,103,406 $4,194,342,686
2001 $59,413,400,924 $3,666,222,635
2000 $54,790,398,570 $3,519,991,440
1999 $48,640,671,735 $3,677,393,999
1998 $48,187,781,984 $2,455,092,686
1997 $48,177,612,042 $2,268,301,646
1996 $46,941,554,225 $2,361,116,449
1995 $41,764,291,672 $2,169,627,138
1994 $42,543,176,829 $1,598,075,944
1993 $49,945,584,453 $2,274,558,083
1992 $48,003,133,347 $1,695,315,306
1991 $45,715,676,428 $1,986,437,797
1990 $62,048,507,531 $1,959,965,330
1989 $55,634,721,573 $1,502,294,416
1988 $59,089,396,860 $1,620,246,084
1987 $66,745,818,375 $1,562,412,228
1986 $63,692,007,897 $1,336,102,025
1985 $57,937,868,670 $1,045,712,789
1984 $53,698,548,293 $1,051,134,009
1983 $48,801,369,800 $1,095,348,199
1982 $45,207,167,470 $1,267,778,670
1981 $44,348,590,461 $1,291,120,188
1980 $42,345,829,079 $1,405,251,847
1979 $33,243,706,860 $1,186,231,020
1978 $26,364,491,313 $928,843,469
1977 $20,972,113,685 $750,049,779
1976 $17,728,240,932 $698,408,262
1975 $15,557,902,754 $676,870,140
1974 $13,209,871,626 $554,654,861
1973 $8,707,858,912 $504,376,074
1972 $6,766,743,957 $410,331,857
1971 $5,077,183,094 $335,073,028
1970 $4,863,526,897 $333,627,713
1969 $4,257,253,264 $330,748,245
1968 $3,852,147,027 $326,323,105
1967 $3,370,870,376 $306,221,953
1966 $3,039,859,187 $302,925,235
1965 $3,136,284,307 $289,908,680
1964 $2,909,316,435 $269,819,006
1963 $2,702,982,018 $253,927,697
1962 $2,001,444,544 $236,434,954
1961 $2,434,747,056 $235,668,221
1960 $2,723,615,451 $226,195,578

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

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

GDP per capita in Algeria vs Benin by year

Algeria
GDP per capita

GDP per capita, PPP
Benin
GDP per capita

GDP per capita, PPP
1x
Year Current $
Algeria Benin
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $5,753 $17,621 $1,485 $4,435
2023 $5,370 $16,824 $1,394 $4,130
2022 $4,960 $15,836 $1,266 $3,844
2021 $4,161 $14,497 $1,319 $3,464
2020 $3,744 $12,677 $1,200 $3,245
2019 $4,468 $13,893 $1,131 $3,149
2018 $4,577 $13,727 $1,152 $2,965
2017 $4,555 $13,494 $1,055 $2,886
2016 $4,425 $13,438 $1,011 $2,842
2015 $4,685 $13,807 $1,002 $2,725
2014 $6,095 $14,694 $1,204 $2,670
2013 $5,980 $14,371 $1,169 $2,512
2012 $6,034 $14,441 $1,072 $2,346
2011 $5,916 $14,640 $1,059 $2,265
2010 $4,913 $14,201 $973 $2,220
2009 $4,235 $13,651 $1,024 $2,213
2008 $5,181 $13,666 $1,061 $2,215
2007 $4,167 $13,321 $912 $2,136
2006 $3,661 $12,791 $809 $2,021
2005 $3,233 $12,246 $779 $1,946
2004 $2,817 $11,432 $759 $1,915
2003 $2,284 $10,803 $676 $1,842
2002 $1,937 $10,080 $546 $1,800
2001 $1,896 $9,544 $492 $1,746
2000 $1,773 $9,187 $487 $1,671
1999 $1,596 $8,776 $525 $1,592
1998 $1,603 $8,503 $362 $1,537
1997 $1,629 $8,129 $345 $1,508
1996 $1,617 $8,053 $369 $1,444
1995 $1,467 $7,747 $348 $1,395
1994 $1,526 $7,463 $262.1 $1,316
1993 $1,831 $7,538 $387 $1,311
1992 $1,803 $7,705 $302 $1,265
1991 $1,759 $7,582 $365 $1,239
1990 $2,445 $7,602 $371 $1,186
1989 $2,247 - $293.3 -
1988 $2,451 - $326 -
1987 $2,847 - $324 -
1986 $2,800 - $285.8 -
1985 $2,633 - $230.4 -
1984 $2,524 - $238.6 -
1983 $2,374 - $256 -
1982 $2,275 - $305 -
1981 $2,307 - $320 -
1980 $2,276 - $358 -
1979 $1,843 - $311 -
1978 $1,506 - $249.8 -
1977 $1,232 - $207 -
1976 $1,080 - $197.7 -
1975 $992 - $196.5 -
1974 $873 - $164.9 -
1973 $590 - $153.6 -
1972 $469 - $127.9 -
1971 $360 - $106.9 -
1970 $353 - $108.8 -
1969 $316 - $110.3 -
1968 $292.4 - $111.2 -
1967 $261.8 - $106.6 -
1966 $241.4 - $107.6 -
1965 $253.6 - $105.1 -
1964 $238.9 - $99.8 -
1963 $225.6 - $95.7 -
1962 $169.6 - $90.8 -
1961 $209.4 - $92.1 -
1960 $238.4 - $89.9 -

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

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

Algeria's GDP per capita is $5,753, ranking 114/197, compared to $1,485 in Benin, ranking 162/197. Adjusted for purchasing power (GDP per capita PPP), Algeria ranks 105th at $17,621, while Benin ranks 162nd at $4,435.

Economic indicators

Algeria Benin
Gross domestic product
$269B
2024
$21.5B
2024
GDP rank
51/197
2024
126/197
2024
GDP growth
3.7%
2023-2024
7.45%
2023-2024
GDP per capita
$5,753
2024
$1,485
2024
GDP per capita rank
114/197
2024
162/197
2024
GDP per capita, PPP
$17,621
2024
$4,435
2024
GDP per capita PPP rank
105/197
2024
162/197
2024
Government debt
$129B
2024
$11.5B
2024
Debt-to-GDP ratio
48.1%
2024
53.4%
2024
Government debt per person
$2,765
2024
$794
2024
Government debt per person rank
106/185
2024
151/185
2024
Average annual personal income after taxes
$3,787
2026
$1,091
2026
Market capitalization of domestic companies
$371M
2018
n/a
Number of billionaires
1
2025
n/a
Income share by richest 10%
22.9%
2011
27.2%
2021
Income share by poorest 10%
4%
2011
3.1%
2021
Government expenditure, % of GDP
36.8%
2024
18.1%
2024
Consumer prices inflation
4.05%
2023-2024
1.2%
2023-2024
Central bank interest rate
3%
2020
n/a
Unemployment rate
12%
2017
1.69%
2022
Population
48222325
15272847

Spending and national debt comparison by year

Algeria
Spending

Debt
Benin
Spending

Debt
1x
Year % of GDP
Algeria Benin
Government spending Government debt Government spending Government debt
2024 36.8% 48.1% 18.1% 53.4%
2023 37.4% 47.7% 19.2% 54.9%
2022 32.7% 48.1% 19.9% 54.2%
2021 32.5% 55.1% 19.9% 50.3%
2020 37.5% 46% 19.1% 46.1%
2019 37.1% 40.9% 14.3% 40.4%
2018 36.2% 34.5% 16.5% 40.8%
2017 36.2% 24% 17.7% 39.4%
2016 37.2% 18.1% 15.4% 35.9%
2015 40.9% 7.73% 18.2% 30.9%
2014 36.9% 6.85% 14.2% 22.3%
2013 33.5% 6.48% 14.9% 18.5%
2012 40% 8.58% 14.2% 19.5%
2011 37.7% 8.48% 14.7% 21.9%
2010 35.1% 9.51% 14.1% 21%
2009 40.1% 8.92% 17% 18.7%
2008 37.3% 7.64% 14.5% 18.3%
2007 33.1% 12.8% 15.8% 14.3%
2006 27.8% 22.5% 13% 8.37%
2005 27.8% 25.4% 14.1% 27%
2004 27.1% 32.7% 13.4% 21.5%
2003 27% 38.2% 13.7% 23.4%
2002 32.5% 47.3% 15.3% 30.8%
2001 29.1% 50% 15.4% 38%
2000 26.4% 53.4% 15.6% 39.6%
1999 29.4% 69.7% 10.7% 39.4%
1998 28.7% 79.9% 10.9% 39.2%
1997 28.5% 79.6% 12.7% 42.9%
1996 26.9% 90.7% 13.3% 43.4%
1995 28.9% 95.9% 14.8% 48.3%
1994 30.9% 106.3% 13.6% 64.6%
1993 32.6% 76.8% 12% 41.9%
1992 28.2% 69.3% 13.5% 41.8%
1991 27.6% 86.1% 12.6% 44%
1990 23.3% 63.6% 13.3% 45.3%
1989 - - 17.1% 50.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1989–1997, retrieved 2026-02-20).

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

In 2024, Algeria's government spending was $99.1B, accounting for 36.8% of its GDP, while Benin spent $3.88B, or 18.1% of GDP.

Debt-to-GDP ratio is 48.1% in Algeria and 53.4% in Benin, ranking 113/185 and 99/185, respectively.

Government deficit by year

Deficit/surplus
Algeria

Benin
1x
Year Deficit/surplus, % of GDP
Algeria Benin
2024 -13.8% -3.06%
2023 -5.52% -4.13%
2022 -2.96% -5.55%
2021 -6.32% -5.71%
2020 -10.5% -4.68%
2019 -8.51% -0.53%
2018 -6.15% -2.96%
2017 -7.55% -4.18%
2016 -11.8% -4.29%
2015 -13.9% -5.55%
2014 -7.14% -1.65%
2013 -0.79% -1.37%
2012 -4.04% -0.22%
2011 -1.06% -0.98%
2010 -1.35% -0.28%
2009 -6.53% -2.24%
2008 7.79% -0.04%
2007 4.63% 0.22%
2006 12.9% -0.15%
2005 11.4% -1.52%
2004 6.36% -0.7%
2003 7.22% -1.07%
2002 0.21% -3.33%
2001 3.15% -3.27%
2000 8.91% -3.69%
1999 -1.83% 1.94%
1998 -3.52% 1.83%
1997 2.19% 0.47%
1996 2.7% -0.11%
1995 -1.3% -1.91%
1994 -4.05% -1.57%
1993 -7.79% -0.41%
1992 -1.05% -1.98%
1991 1.53% -2.25%
1990 3.35% -2.37%
1989 - 0.89%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1989, retrieved 2026-02-20).

GeoRank.org/economy/algeria/benin | 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 Benin's deficit of $658M, or 3.06% of GDP.

Over the past 35 years, Algeria recorded a fiscal deficit in 22 of those years, while Benin ran a deficit in 31 years. On average, Algeria posted an annual deficit equal to 1.58% of GDP, compared to deficit of 1.92% of GDP for Benin.

Inflation comparison by year

Inflation
Algeria

Benin
1x
Year Consumer prices inflation
Algeria Benin
2024 4.05% 1.2%
2023 9.32% 2.7%
2022 9.27% 1.4%
2021 7.23% 1.7%
2020 2.42% 3%
2019 1.95% -0.9%
2018 4.27% 0.8%
2017 5.59% 1.8%
2016 6.4% -0.8%
2015 4.78% 0.2%
2014 2.92% -0.6%
2013 3.25% 0.4%
2012 8.89% 6.7%
2011 4.52% 2.7%
2010 3.91% 2.1%
2009 5.74% 0.9%
2008 4.86% 7.4%
2007 3.68% 1.3%
2006 2.31% 3.8%
2005 1.38% 5.4%
2004 3.96% 0.9%
2003 4.27% 1.5%
2002 1.42% 2.4%
2001 4.23% 4%
2000 0.34% 4.2%
1999 2.65% 0.3%
1998 4.95% 5.8%
1997 5.73% 3.8%

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/benin | CC BY

Over the past 28 years, Algeria has recorded an average annual inflation rate of 4.44%, compared with 2.29% in Benin. In 2024, inflation was 4.05% in Algeria and 1.2% in Benin.

Top exports between countries

Algeria
Export category Export value
Processed food, beverages & tobacco $1.48M
Machinery & equipment $204K
Raw agricultural goods $42K
Raw materials & minerals $17K
Metals $8K
Chemicals & pharma $1K
Textiles & consumer goods $1K
Benin
Export category Export value
Textiles & consumer goods $4.85M
Machinery & equipment $245K
Processed food, beverages & tobacco $3K

Balance of trade

Algeria Benin
Current account balance
-$2.75B
2024
-$1.61B
2023
Current account balance ranking
154/190
2024
135/190
2023
Current account balance, % of GDP
-1.02%
2024
-8.18%
2023
Goods imports
$45.3B
2024
$4.65B
2023
Goods exports
$48.8B
2024
$4.05B
2023
Service imports
$9.13B
2024
$1.54B
2023
Service exports
$4.22B
2024
$461M
2023
Imports of goods and services, % of GDP
20.3%
2024
21.8%
2024
Exports of goods and services, % of GDP
19.9%
2024
18.8%
2024

Economic freedom indices

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

Algeria Benin
Economic freedom 45.8 60
Economic freedom ranking 179/197 96/197
Property rights 27.7 46.4
Government integrity 29.4 44.1
Judicial effectiveness 30 47.7
Tax burden 80.3 69.4
Government spending 61.9 89.1
Fiscal health 15.4 65.4
Business freedom 59.3 53.3
Labor freedom 52.2 60.2
Monetary freedom 74.7 82.1
Trade freedom 58.8 62.6
Investment freedom 30 50
Financial freedom 30 50

Economic freedom comparison by year

Algeria
Benin
1x
Year Economic freedom index
Algeria Benin
2026 45.8 60
2025 47.5 58.5
2024 43.9 57.7
2023 43.2 59.8
2022 45.8 61
2021 49.7 59.6
2020 46.9 55.2
2019 46.2 55.3
2018 44.7 56.7
2017 46.5 59.2
2016 50.1 59.3
2015 48.9 58.8
2014 50.8 57.1
2013 49.6 57.6
2012 51 55.7
2011 52.4 56
2010 56.9 55.4
2009 56.6 55.4
2008 56.2 55.2
2007 55.4 55.1
2006 55.7 54
2005 53.2 52.3
2004 58.1 54.6
2003 57.7 54.9
2002 61 57.3
2001 57.3 60.1
2000 56.8 61.5
1999 57.2 60.6
1998 55.8 61.7
1997 54.9 61.3
1996 54.5 54.5
1995 55.7 -

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

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

The Economic Freedom Index for Algeria is 45.8, ranking 179/197, compared to 60 for Benin, ranking 96/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Algeria Benin
Services, % of GDP
46.8%
2024
48.9%
2024
Industry, % of GDP
36.2%
2024
17.4%
2024
Agriculture, forestry, and fishing, % of GDP
14%
2024
24.2%
2024
GNI, Atlas method
$252B
2024
$20.6B
2024
GNI per capita, PPP
$17,290
2024
$4,390
2024
Total reserves including gold
$83B
2024
n/a
Total reserves ranking
31/177
2024
n/a
Net foreign direct investment
-$1.23B
2024
-$430M
2023
Net inflows of foreign direct investment
$1.23B
2024
$543M
2024
Net outflows of foreign direct investment
$265K
2024
$60.3M
2024
Servicing debt to the IMF, % of GNI
0.17%
2024
5.38%
2024
Poverty at national poverty lines
5.5%
2011
36.2%
2021
Gross capital formation, % of GDP
41.1%
2024
35.1%
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/benin | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1989–1997, retrieved 2026-02-20)
  6. TradeMap (2017–2023, retrieved 2026-02-08)
  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.