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Economy of Algeria vs Bhutan compared: GDP & Debt

Updated on by Georank team

Algeria has a GDP of $269B compared to $3.01B for Bhutan, ranking 51/197 and 170/197 by economy size, respectively.

Algeria has $129B in government debt (48.1% of GDP), compared to $3.53B (110.4% of GDP) in Bhutan.

Algeria vs Bhutan GDP by year

Algeria
Bhutan
1x
Year GDP, current $
Algeria Bhutan
2024 $269,322,281,665 -
2023 $247,923,887,215 $3,012,896,789
2022 $225,581,644,703 $2,898,227,744
2021 $186,231,205,262 $2,768,802,960
2020 $164,873,415,325 $2,457,604,334
2019 $193,459,662,091 $2,735,683,570
2018 $194,554,483,656 $2,583,335,722
2017 $189,880,896,903 $2,591,358,009
2016 $180,763,839,522 $2,357,504,761
2015 $187,493,855,609 $2,187,815,803
2014 $238,942,664,193 $2,089,079,571
2013 $229,701,430,292 $1,943,696,952
2012 $227,143,746,076 $1,973,387,228
2011 $218,331,946,925 $1,977,728,659
2010 $177,785,053,940 $1,708,880,730
2009 $150,317,292,079 $1,331,343,798
2008 $180,383,848,331 $1,317,517,835
2007 $142,482,739,810 $1,255,767,964
2006 $123,084,258,693 $942,879,879
2005 $107,046,618,670 $860,391,000
2004 $91,913,680,985 $735,348,490
2003 $73,482,264,191 $651,935,430
2002 $61,516,103,406 $559,345,264
2001 $59,413,400,924 $496,110,226
2000 $54,790,398,570 $460,733,418
1999 $48,640,671,735 $399,311,200
1998 $48,187,781,984 $363,458,381
1997 $48,177,612,042 $352,229,077
1996 $46,941,554,225 $303,408,346
1995 $41,764,291,672 $290,490,984
1994 $42,543,176,829 $258,954,708
1993 $49,945,584,453 $225,973,693
1992 $48,003,133,347 $240,233,531
1991 $45,715,676,428 $240,294,286
1990 $62,048,507,531 $287,765,007
1989 $55,634,721,573 $264,798,626
1988 $59,089,396,860 $272,298,067
1987 $66,745,818,375 $242,742,766
1986 $63,692,007,897 $191,218,115
1985 $57,937,868,670 $163,288,815
1984 $53,698,548,293 $160,423,494
1983 $48,801,369,800 $156,704,290
1982 $45,207,167,470 $141,439,317
1981 $44,348,590,461 $139,174,178
1980 $42,345,829,079 $128,669,201
1979 $33,243,706,860 $105,377,995
1978 $26,364,491,313 $94,086,228
1977 $20,972,113,685 $97,884,434
1976 $17,728,240,932 $88,461,263
1975 $15,557,902,754 $86,820,762
1974 $13,209,871,626 $92,901,784
1973 $8,707,858,912 $78,900,289
1972 $6,766,743,957 $70,139,867
1971 $5,077,183,094 $66,289,450
1970 $4,863,526,897 $61,812,113
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/bhutan | CC BY

GDP per capita in Algeria vs Bhutan by year

Algeria
GDP per capita

GDP per capita, PPP
Bhutan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Algeria Bhutan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $5,753 $17,621 - -
2023 $5,370 $16,824 $3,831 $16,215
2022 $4,960 $15,836 $3,711 $15,064
2021 $4,161 $14,497 $3,571 $13,459
2020 $3,744 $12,677 $3,192 $12,475
2019 $4,468 $13,893 $3,577 $12,909
2018 $4,577 $13,727 $3,400 $11,970
2017 $4,555 $13,494 $3,435 $11,677
2016 $4,425 $13,438 $3,152 $11,273
2015 $4,685 $13,807 $2,954 $10,214
2014 $6,095 $14,694 $2,849 $9,323
2013 $5,980 $14,371 $2,680 $8,667
2012 $6,034 $14,441 $2,751 $8,577
2011 $5,916 $14,640 $2,788 $7,935
2010 $4,913 $14,201 $2,436 $7,246
2009 $4,235 $13,651 $1,918 $6,466
2008 $5,181 $13,666 $1,920 $6,035
2007 $4,167 $13,321 $1,850 $5,729
2006 $3,661 $12,791 $1,406 $4,860
2005 $3,233 $12,246 $1,300 $4,523
2004 $2,817 $11,432 $1,130 $4,173
2003 $2,284 $10,803 $1,022 $3,942
2002 $1,937 $10,080 $896 $3,663
2001 $1,896 $9,544 $812 $3,338
2000 $1,773 $9,187 $772 $3,113
1999 $1,596 $8,776 $685 $3,017
1998 $1,603 $8,503 $638 $2,819
1997 $1,629 $8,129 $630 $2,683
1996 $1,617 $8,053 $553 $2,548
1995 $1,467 $7,747 $530 $2,374
1994 $1,526 $7,463 $467 $2,146
1993 $1,831 $7,538 $407 $2,001
1992 $1,803 $7,705 $416 $1,840
1991 $1,759 $7,582 $401 $1,657
1990 $2,445 $7,602 $488 $1,638
1989 $2,247 - $462 -
1988 $2,451 - $489 -
1987 $2,847 - $449 -
1986 $2,800 - $365 -
1985 $2,633 - $321 -
1984 $2,524 - $326 -
1983 $2,374 - $328 -
1982 $2,275 - $306 -
1981 $2,307 - $311 -
1980 $2,276 - $296.9 -
1979 $1,843 - $251.4 -
1978 $1,506 - $232.2 -
1977 $1,232 - $249.9 -
1976 $1,080 - $233.7 -
1975 $992 - $237.4 -
1974 $873 - $262.8 -
1973 $590 - $230.9 -
1972 $469 - $212.4 -
1971 $360 - $207.7 -
1970 $353 - $200.3 -
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/bhutan | CC BY

Algeria's GDP per capita is $5,753, ranking 114/197, compared to $3,831 in Bhutan, ranking 132/197. Adjusted for purchasing power (GDP per capita PPP), Algeria ranks 105th at $17,621, while Bhutan ranks 109th at $16,215.

Economic indicators

Algeria Bhutan
Gross domestic product
$269B
2024
$3.01B
2023
GDP rank
51/197
2024
170/197
2023
GDP growth
3.7%
2023-2024
4.63%
2022-2023
GDP per capita
$5,753
2024
$3,831
2023
GDP per capita rank
114/197
2024
132/197
2023
GDP per capita, PPP
$17,621
2024
$16,215
2023
GDP per capita PPP rank
105/197
2024
109/197
2023
Government debt
$129B
2024
$3.53B
2023
Debt-to-GDP ratio
48.1%
2024
110.4%
2024
Government debt per person
$2,765
2024
$4,485
2023
Government debt per person rank
106/185
2024
87/185
2023
Average annual personal income after taxes
$3,787
2026
$5,506
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
22.7%
2022
Income share by poorest 10%
4%
2011
3.6%
2022
Government expenditure, % of GDP
36.8%
2024
27.1%
2024
Consumer prices inflation
4.05%
2023-2024
4.3%
2023-2024
Central bank interest rate
3%
2020
n/a
Unemployment rate
12%
2017
3.28%
2024
Population
48222325
803385

Spending and national debt comparison by year

Algeria
Spending

Debt
Bhutan
Spending

Debt
1x
Year % of GDP
Algeria Bhutan
Government spending Government debt Government spending Government debt
2024 36.8% 48.1% 27.1% 110.4%
2023 37.4% 47.7% 28.8% 117.1%
2022 32.7% 48.1% 32.1% 119.9%
2021 32.5% 55.1% 36.6% 124.5%
2020 37.5% 46% 30.9% 116%
2019 37.1% 40.9% 24.2% 100.8%
2018 36.2% 34.5% 31.7% 103.4%
2017 36.2% 24% 30.6% 104.1%
2016 37.2% 18.1% 30.5% 103%
2015 40.9% 7.73% 27.5% 90.2%
2014 36.9% 6.85% 28.9% 89.8%
2013 33.5% 6.48% 32.5% 87.4%
2012 40% 8.58% 35.1% 71.5%
2011 37.7% 8.48% 36.1% 62.3%
2010 35.1% 9.51% 41.5% 55.8%
2009 40.1% 8.92% 39.3% 61%
2008 37.3% 7.64% 36.1% 60.6%
2007 33.1% 12.8% 33.2% 67.3%
2006 27.8% 22.5% 33.4% 80.1%
2005 27.8% 25.4% 36.4% 80.8%
2004 27.1% 32.7% 31% 76%
2003 27% 38.2% 34.7% 68.5%
2002 32.5% 47.3% 39.3% 57.7%
2001 29.1% 50% 50.3% 52.4%
2000 26.4% 53.4% 43% 44%
1999 29.4% 69.7% 40.2% 39.2%
1998 28.7% 79.9% 31.1% 36.4%
1997 28.5% 79.6% 37.8% 33%
1996 26.9% 90.7% 37.9% 36.8%
1995 28.9% 95.9% 38.6% 38.7%
1994 30.9% 106.3% 37.9% 53.2%
1993 32.6% 76.8% 35.2% 60.2%
1992 28.2% 69.3% 34.5% 35.6%
1991 27.6% 86.1% 30.8% 33.5%
1990 23.3% 63.6% 35.8% 27.4%
1989 - - 46.8% 26.4%
1988 - - 45.3% 24.7%
1987 - - 47.5% 17.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1987–1992, retrieved 2026-02-20).

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

In 2024, Algeria's government spending was $99.1B, accounting for 36.8% of its GDP, while Bhutan spent $869M, or 27.1% of GDP.

Debt-to-GDP ratio is 48.1% in Algeria and 110.4% in Bhutan, ranking 113/185 and 17/185, respectively.

Government deficit by year

Deficit/surplus
Algeria

Bhutan
1x
Year Deficit/surplus, % of GDP
Algeria Bhutan
2024 -13.8% -0.17%
2023 -5.52% -4.73%
2022 -2.96% -6.95%
2021 -6.32% -5.76%
2020 -10.5% -1.81%
2019 -8.51% -1.49%
2018 -6.15% -1.52%
2017 -7.55% -4.49%
2016 -11.8% -2.31%
2015 -13.9% -0.49%
2014 -7.14% 2.46%
2013 -0.79% -4.55%
2012 -4.04% -2.1%
2011 -1.06% -3.02%
2010 -1.35% 1.92%
2009 -6.53% -0.8%
2008 7.79% -2.57%
2007 4.63% 0.79%
2006 12.9% -0.07%
2005 11.4% -6.96%
2004 6.36% 1.8%
2003 7.22% -10.2%
2002 0.21% -4.33%
2001 3.15% -12.2%
2000 8.91% -3.39%
1999 -1.83% -1.28%
1998 -3.52% 1.28%
1997 2.19% -1.92%
1996 2.7% 2.55%
1995 -1.3% -0.88%
1994 -4.05% -0.13%
1993 -7.79% 4.71%
1992 -1.05% -3.47%
1991 1.53% -0.48%
1990 3.35% -7.21%
1989 - -10.1%
1988 - 1.33%
1987 - -0.56%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1987–1989, retrieved 2026-02-20).

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

In 2023, Algeria's government deficit, the difference between spending and revenue, was $13.7B, equivalent to 5.52% of GDP. This compares to Bhutan's deficit of $142M, or 4.73% of GDP.

Over the past 34 years, Algeria recorded a fiscal deficit in 21 of those years, while Bhutan ran a deficit in 27 years. On average, Algeria posted an annual deficit equal to 1.22% of GDP, compared to deficit of 2.34% of GDP for Bhutan.

Inflation comparison by year

Inflation
Algeria

Bhutan
1x
Year Consumer prices inflation
Algeria Bhutan
2024 4.05% 4.3%
2023 9.32% 4.5%
2022 9.27% 5.9%
2021 7.23% 8.2%
2020 2.42% 3%
2019 1.95% 2.8%
2018 4.27% 3.6%
2017 5.59% 4.3%
2016 6.4% 3.3%
2015 4.78% 6.7%
2014 2.92% 9.6%
2013 3.25% 8.1%
2012 8.89% 10.1%
2011 4.52% 8.6%
2010 3.91% 4.8%
2009 5.74% 7.1%
2008 4.86% 6.3%
2007 3.68% 5.2%
2006 2.31% 4.9%
2005 1.38% 4.8%
2004 3.96% 3.3%
2003 4.27% 2.5%
2002 1.42% 2.9%
2001 4.23% 3.7%
2000 0.34% 7.2%
1999 2.65% 9.1%
1998 4.95% 7.6%
1997 5.73% 8.6%

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/bhutan | CC BY

Over the past 28 years, Algeria has recorded an average annual inflation rate of 4.44%, compared with 5.75% in Bhutan. In 2024, inflation was 4.05% in Algeria and 4.3% in Bhutan.

Balance of trade

Algeria Bhutan
Current account balance
-$2.75B
2024
-$670M
2024
Current account balance ranking
154/190
2024
114/190
2024
Current account balance, % of GDP
-1.02%
2024
-32%
2023
Goods imports
$45.3B
2024
$1.29B
2024
Goods exports
$48.8B
2024
$656M
2024
Service imports
$9.13B
2024
$228M
2024
Service exports
$4.22B
2024
$288M
2024
Imports of goods and services, % of GDP
20.3%
2024
53.3%
2023
Exports of goods and services, % of GDP
19.9%
2024
28.4%
2023

Economic freedom indices

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

Algeria Bhutan
Economic freedom 45.8 57.5
Economic freedom ranking 179/197 115/197
Property rights 27.7 69.2
Government integrity 29.4 72.2
Judicial effectiveness 30 61.8
Tax burden 80.3 83.4
Government spending 61.9 74.1
Fiscal health 15.4 25.8
Business freedom 59.3 67.8
Labor freedom 52.2 60.1
Monetary freedom 74.7 71.6
Trade freedom 58.8 63.4
Investment freedom 30 20
Financial freedom 30 20

Economic freedom comparison by year

Algeria
Bhutan
1x
Year Economic freedom index
Algeria Bhutan
2026 45.8 57.5
2025 47.5 57.5
2024 43.9 55.4
2023 43.2 59
2022 45.8 59.3
2021 49.7 58.3
2020 46.9 62.1
2019 46.2 62.9
2018 44.7 61.8
2017 46.5 58.4
2016 50.1 59.5
2015 48.9 57.4
2014 50.8 56.7
2013 49.6 55
2012 51 56.6
2011 52.4 57.6
2010 56.9 57
2009 56.6 57.7
2008 56.2 -
2007 55.4 -
2006 55.7 -
2005 53.2 -
2004 58.1 -
2003 57.7 -
2002 61 -
2001 57.3 -
2000 56.8 -
1999 57.2 -
1998 55.8 -
1997 54.9 -
1996 54.5 -
1995 55.7 -

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

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

The Economic Freedom Index for Algeria is 45.8, ranking 179/197, compared to 57.5 for Bhutan, ranking 115/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Algeria Bhutan
Services, % of GDP
46.8%
2024
52.8%
2023
Industry, % of GDP
36.2%
2024
29.4%
2023
Agriculture, forestry, and fishing, % of GDP
14%
2024
15%
2023
GNI, Atlas method
$252B
2024
$2.93B
2023
GNI per capita, PPP
$17,290
2024
$15,320
2023
Total reserves including gold
$83B
2024
$941M
2024
Total reserves ranking
31/177
2024
143/177
2024
Net foreign direct investment
-$1.23B
2024
-$22.8M
2024
Net inflows of foreign direct investment
$1.23B
2024
$2.82M
2024
Net outflows of foreign direct investment
$265K
2024
$0
2024
Servicing debt to the IMF, % of GNI
0.17%
2024
4.96%
2023
Poverty at national poverty lines
5.5%
2011
12.4%
2022
Gross capital formation, % of GDP
41.1%
2024
45.3%
2023

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/bhutan | 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 (1987–1992, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. 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.