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Economy of Algeria vs Bolivia compared: GDP & Debt

Updated on by Georank team

Algeria has a GDP of $269B compared to $54.9B for Bolivia, ranking 51/197 and 88/197 by economy size, respectively.

Algeria has $129B in government debt (48.1% of GDP), compared to $53.8B (98% of GDP) in Bolivia.

Algeria vs Bolivia GDP by year

Algeria
Bolivia
1x
Year GDP, current $
Algeria Bolivia
2024 $269,322,281,665 $54,881,327,453
2023 $247,923,887,215 $52,340,206,946
2022 $225,581,644,703 $50,959,081,954
2021 $186,231,205,262 $47,877,892,402
2020 $164,873,415,325 $42,313,784,081
2019 $193,459,662,091 $49,056,643,589
2018 $194,554,483,656 $48,414,038,842
2017 $189,880,896,903 $45,927,439,595
2016 $180,763,839,522 $33,941,126,194
2015 $187,493,855,609 $33,000,198,249
2014 $238,942,664,193 $32,996,188,017
2013 $229,701,430,292 $30,659,338,886
2012 $227,143,746,076 $27,084,497,482
2011 $218,331,946,925 $23,963,164,697
2010 $177,785,053,940 $19,649,723,722
2009 $150,317,292,079 $17,339,992,194
2008 $180,383,848,331 $16,674,276,286
2007 $142,482,739,810 $13,120,108,008
2006 $123,084,258,693 $11,451,844,902
2005 $107,046,618,670 $9,549,122,905
2004 $91,913,680,985 $8,773,451,752
2003 $73,482,264,191 $8,082,399,640
2002 $61,516,103,406 $7,905,485,146
2001 $59,413,400,924 $8,141,516,928
2000 $54,790,398,570 $8,397,855,485
1999 $48,640,671,735 $8,285,064,435
1998 $48,187,781,984 $8,497,494,652
1997 $48,177,612,042 $7,925,736,821
1996 $46,941,554,225 $7,396,949,126
1995 $41,764,291,672 $6,715,161,732
1994 $42,543,176,829 $5,981,222,859
1993 $49,945,584,453 $5,734,699,489
1992 $48,003,133,347 $5,643,868,749
1991 $45,715,676,428 $5,343,262,457
1990 $62,048,507,531 $4,867,582,598
1989 $55,634,721,573 $4,715,973,437
1988 $59,089,396,860 $4,597,612,362
1987 $66,745,818,375 $4,347,956,338
1986 $63,692,007,897 $3,959,382,833
1985 $57,937,868,670 $5,377,276,555
1984 $53,698,548,293 $6,169,483,225
1983 $48,801,369,800 $5,422,656,823
1982 $45,207,167,470 $5,594,126,369
1981 $44,348,590,461 $5,891,598,695
1980 $42,345,829,079 $4,537,479,608
1979 $33,243,706,860 $4,421,336,383
1978 $26,364,491,313 $3,758,220,890
1977 $20,972,113,685 $3,227,436,282
1976 $17,728,240,932 $2,731,984,008
1975 $15,557,902,754 $2,404,697,651
1974 $13,209,871,626 $2,100,249,875
1973 $8,707,858,912 $1,262,968,516
1972 $6,766,743,957 $1,257,615,645
1971 $5,077,183,094 $1,095,622,896
1970 $4,863,526,897 $1,017,003,367
1969 $4,257,253,264 $929,629,630
1968 $3,852,147,027 $857,912,458
1967 $3,370,870,376 $755,808,081
1966 $3,039,859,187 $669,191,919
1965 $3,136,284,307 $604,377,104
1964 $2,909,316,435 $544,023,569
1963 $2,702,982,018 $482,828,283
1962 $2,001,444,544 $448,400,673
1961 $2,434,747,056 $410,101,010
1960 $2,723,615,451 $377,020,202

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

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

GDP per capita in Algeria vs Bolivia by year

Algeria
GDP per capita

GDP per capita, PPP
Bolivia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Algeria Bolivia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $5,753 $17,621 $4,421 $12,878
2023 $5,370 $16,824 $4,275 $12,892
2022 $4,960 $15,836 $4,219 $12,307
2021 $4,161 $14,497 $4,011 $11,202
2020 $3,744 $12,677 $3,581 $9,581
2019 $4,468 $13,893 $4,203 $11,005
2018 $4,577 $13,727 $4,207 $10,758
2017 $4,555 $13,494 $4,048 $10,420
2016 $4,425 $13,438 $3,036 $9,242
2015 $4,685 $13,807 $2,996 $8,757
2014 $6,095 $14,694 $3,041 $8,629
2013 $5,980 $14,371 $2,870 $8,069
2012 $6,034 $14,441 $2,576 $7,184
2011 $5,916 $14,640 $2,316 $6,598
2010 $4,913 $14,201 $1,930 $6,245
2009 $4,235 $13,651 $1,731 $6,024
2008 $5,181 $13,666 $1,693 $5,890
2007 $4,167 $13,321 $1,355 $5,537
2006 $3,661 $12,791 $1,203 $5,244
2005 $3,233 $12,246 $1,020 $4,938
2004 $2,817 $11,432 $953 $4,663
2003 $2,284 $10,803 $893 $4,433
2002 $1,937 $10,080 $888 $4,304
2001 $1,896 $9,544 $930 $4,205
2000 $1,773 $9,187 $976 $4,113
1999 $1,596 $8,776 $979 $3,991
1998 $1,603 $8,503 $1,022 $3,988
1997 $1,629 $8,129 $970 $3,822
1996 $1,617 $8,053 $922 $3,645
1995 $1,467 $7,747 $853 $3,494
1994 $1,526 $7,463 $774 $3,331
1993 $1,831 $7,538 $757 $3,177
1992 $1,803 $7,705 $760 $3,036
1991 $1,759 $7,582 $734 $2,981
1990 $2,445 $7,602 $683 $2,797
1989 $2,247 - $675 -
1988 $2,451 - $673 -
1987 $2,847 - $650 -
1986 $2,800 - $604 -
1985 $2,633 - $838 -
1984 $2,524 - $982 -
1983 $2,374 - $882 -
1982 $2,275 - $930 -
1981 $2,307 - $1,001 -
1980 $2,276 - $788 -
1979 $1,843 - $785 -
1978 $1,506 - $683 -
1977 $1,232 - $600 -
1976 $1,080 - $520 -
1975 $992 - $468 -
1974 $873 - $418 -
1973 $590 - $257.2 -
1972 $469 - $261.9 -
1971 $360 - $233.4 -
1970 $353 - $221.6 -
1969 $316 - $207.1 -
1968 $292.4 - $195.5 -
1967 $261.8 - $176.1 -
1966 $241.4 - $159.3 -
1965 $253.6 - $147.1 -
1964 $238.9 - $135.2 -
1963 $225.6 - $122.6 -
1962 $169.6 - $116.2 -
1961 $209.4 - $108.5 -
1960 $238.4 - $101.8 -

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

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

Algeria's GDP per capita is $5,753, ranking 114/197, compared to $4,421 in Bolivia, ranking 125/197. Adjusted for purchasing power (GDP per capita PPP), Algeria ranks 105th at $17,621, while Bolivia ranks 122nd at $12,878.

Economic indicators

Algeria Bolivia
Gross domestic product
$269B
2024
$54.9B
2024
GDP rank
51/197
2024
88/197
2024
GDP growth
3.7%
2023-2024
-1.12%
2023-2024
GDP per capita
$5,753
2024
$4,421
2024
GDP per capita rank
114/197
2024
125/197
2024
GDP per capita, PPP
$17,621
2024
$12,878
2024
GDP per capita PPP rank
105/197
2024
122/197
2024
Government debt
$129B
2024
$53.8B
2024
Debt-to-GDP ratio
48.1%
2024
98%
2024
Government debt per person
$2,765
2024
$4,331
2024
Government debt per person rank
106/185
2024
88/185
2024
Average annual personal income after taxes
$3,787
2026
$4,720
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
31.3%
2023
Income share by poorest 10%
4%
2011
1.8%
2023
Government expenditure, % of GDP
36.8%
2024
39.8%
2024
Consumer prices inflation
4.05%
2023-2024
5.1%
2023-2024
Central bank interest rate
3%
2020
3.26%
2025
Unemployment rate
12%
2017
2.73%
2024
Population
48222325
12798112

Spending and national debt comparison by year

Algeria
Spending

Debt
Bolivia
Spending

Debt
1x
Year % of GDP
Algeria Bolivia
Government spending Government debt Government spending Government debt
2024 36.8% 48.1% 39.8% 98%
2023 37.4% 47.7% 38.7% 90.8%
2022 32.7% 48.1% 36% 80.1%
2021 32.5% 55.1% 34.8% 81.4%
2020 37.5% 46% 36.8% 78%
2019 37.1% 40.9% 36.1% 58.6%
2018 36.2% 34.5% 37.7% 53.1%
2017 36.2% 24% 38.6% 51.3%
2016 37.2% 18.1% 40% 46.5%
2015 40.9% 7.73% 44.5% 40.9%
2014 36.9% 6.85% 41.2% 37.6%
2013 33.5% 6.48% 35.4% 36.1%
2012 40% 8.58% 36% 35.4%
2011 37.7% 8.48% 35.4% 35.3%
2010 35.1% 9.51% 31.5% 37.6%
2009 40.1% 8.92% 33.2% 39.2%
2008 37.3% 7.64% 35.3% 36.8%
2007 33.1% 12.8% 32.7% 40%
2006 27.8% 22.5% 29.8% 54.4%
2005 27.8% 25.4% 33.2% 82.2%
2004 27.1% 32.7% 32.3% 89.8%
2003 27% 38.2% 32% 95.6%
2002 32.5% 47.3% 33.3% 86.7%
2001 29.1% 50% 32% 83%
2000 26.4% 53.4% 29.3% 74.3%
1999 29.4% 69.7% 29.4% 61.7%
1998 28.7% 79.9% 30% 61.2%
1997 28.5% 79.6% 28.3% 64.6%
1996 26.9% 90.7% 26% 72.4%
1995 28.9% 95.9% 25.8% 81.7%
1994 30.9% 106.3% 26.8% 87.6%
1993 32.6% 76.8% 27.2% 83.8%
1992 28.2% 69.3% 25.3% 92.4%
1991 27.6% 86.1% 24.2% 92.8%
1990 23.3% 63.6% 22.8% 102.9%
1989 - - 24.4% 98%
1988 - - 24% 115.9%
1987 - - 24.4% 145.3%
1986 - - 22.2% 149%
1985 - - 21.8% 205.2%
1984 - - 29% 166.5%
1983 - - 32.1% 157.3%
1982 - - 25% 155.4%
1981 - - 16.6% 121.7%
1980 - - 19.8% 100%
1979 - - 18% 92%
1978 - - 17.3% 82.5%
1977 - - 18.6% 82.4%
1976 - - 16.8% 68.9%
1975 - - 14.4% 56.2%
1974 - - 14.2% 52.7%
1973 - - 14.1% 80.9%
1972 - - 11.8% 77.7%
1971 - - 11.3% 65.7%
1970 - - 10% 63.9%
1969 - - 12.3% -
1968 - - 14.1% -
1967 - - 13.1% -
1966 - - 12.9% -
1965 - - 12.9% -
1964 - - 10.8% -
1963 - - 10.8% -
1962 - - 10.2% -
1961 - - 10.7% -
1960 - - 10.1% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

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

In 2024, Algeria's government spending was $99.1B, accounting for 36.8% of its GDP, while Bolivia spent $21.9B, or 39.8% of GDP.

Debt-to-GDP ratio is 48.1% in Algeria and 98% in Bolivia, ranking 113/185 and 26/185, respectively.

Government deficit by year

Deficit/surplus
Algeria

Bolivia
1x
Year Deficit/surplus, % of GDP
Algeria Bolivia
2024 -13.8% -10.6%
2023 -5.52% -10.9%
2022 -2.96% -7.12%
2021 -6.32% -9.33%
2020 -10.5% -12.7%
2019 -8.51% -7.25%
2018 -6.15% -8.17%
2017 -7.55% -7.86%
2016 -11.8% -7.24%
2015 -13.9% -6.93%
2014 -7.14% -3.41%
2013 -0.79% 0.6%
2012 -4.04% 1.72%
2011 -1.06% 0.83%
2010 -1.35% 1.62%
2009 -6.53% 2.63%
2008 7.79% 3.53%
2007 4.63% -1.54%
2006 12.9% 4.47%
2005 11.4% -2.24%
2004 6.36% -5.54%
2003 7.22% -7.88%
2002 0.21% -8.79%
2001 3.15% -6.82%
2000 8.91% -3.73%
1999 -1.83% -3.84%
1998 -3.52% -5.1%
1997 2.19% -3.28%
1996 2.7% -1.9%
1995 -1.3% -1.82%
1994 -4.05% -3%
1993 -7.79% -6.1%
1992 -1.05% -4.4%
1991 1.53% -4.2%
1990 3.35% -4.4%
1989 - -5.5%
1988 - -6.5%
1987 - -7.7%
1986 - -2.7%
1985 - -9.8%
1984 - -25.4%
1983 - -19.8%
1982 - -15.9%
1981 - -12.3%
1980 - -15.3%
1979 - -11.2%
1978 - -9.97%
1977 - -11.2%
1976 - -1.15%
1975 - -2.33%
1974 - -1.87%
1973 - -3.72%
1972 - -3.69%
1971 - -3.67%
1970 - -1.92%
1969 - -4.16%
1968 - -5.67%
1967 - -4.29%
1966 - -3.55%
1965 - -4.12%
1964 - -2.68%
1963 - -3.02%
1962 - -2.8%
1961 - -2.81%
1960 - -3.35%
1959 - -4.32%
1958 - -2.95%
1957 - -1.11%
1956 - -0.11%
1955 - 0.33%
1954 - 0.006%
1953 - -0.48%
1952 - -0.94%
1951 - -0.42%
1950 - -1.17%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1989, retrieved 2026-02-20).

GeoRank.org/economy/algeria/bolivia | 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 Bolivia's deficit of $5.83B, or 10.6% of GDP.

Over the past 35 years, Algeria recorded a fiscal deficit in 22 of those years, while Bolivia ran a deficit in 28 years. On average, Algeria posted an annual deficit equal to 1.58% of GDP, compared to deficit of 4.31% of GDP for Bolivia.

Inflation comparison by year

Inflation
Algeria

Bolivia
1x
Year Consumer prices inflation
Algeria Bolivia
2024 4.05% 5.1%
2023 9.32% 2.58%
2022 9.27% 1.75%
2021 7.23% 0.74%
2020 2.42% 0.94%
2019 1.95% 1.84%
2018 4.27% 2.27%
2017 5.59% 2.82%
2016 6.4% 3.62%
2015 4.78% 4.06%
2014 2.92% 5.77%
2013 3.25% 5.74%
2012 8.89% 4.52%
2011 4.52% 9.88%
2010 3.91% 2.5%
2009 5.74% 3.35%
2008 4.86% 14%
2007 3.68% 8.71%
2006 2.31% 4.28%
2005 1.38% 5.39%
2004 3.96% 4.44%
2003 4.27% 3.34%
2002 1.42% 0.93%
2001 4.23% 1.59%
2000 0.34% 4.61%
1999 2.65% 2.16%
1998 4.95% 7.67%
1997 5.73% 4.71%

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

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

Over the past 28 years, Algeria has recorded an average annual inflation rate of 4.44%, compared with 4.26% in Bolivia. In 2024, inflation was 4.05% in Algeria and 5.1% in Bolivia.

Top exports between countries

Algeria
Export category Export value
Bolivia
Export category Export value
Raw agricultural goods $131K
Metals $17K
Machinery & equipment $13K
Raw materials & minerals $4K
Textiles & consumer goods $3K
Chemicals & pharma $2K

Balance of trade

Algeria Bolivia
Current account balance
-$2.75B
2024
-$1.41B
2024
Current account balance ranking
154/190
2024
132/190
2024
Current account balance, % of GDP
-1.02%
2024
-2.56%
2024
Goods imports
$45.3B
2024
$9.15B
2024
Goods exports
$48.8B
2024
$8.93B
2024
Service imports
$9.13B
2024
$2.35B
2024
Service exports
$4.22B
2024
$1.14B
2024
Imports of goods and services, % of GDP
20.3%
2024
25.5%
2024
Exports of goods and services, % of GDP
19.9%
2024
21.4%
2024

Economic freedom indices

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

Algeria Bolivia
Economic freedom 45.8 42.4
Economic freedom ranking 179/197 184/197
Property rights 27.7 20.2
Government integrity 29.4 27.1
Judicial effectiveness 30 29.5
Tax burden 80.3 86.4
Government spending 61.9 56.3
Fiscal health 15.4 0.8
Business freedom 59.3 53.6
Labor freedom 52.2 52.2
Monetary freedom 74.7 67.1
Trade freedom 58.8 60.6
Investment freedom 30 15
Financial freedom 30 40

Economic freedom comparison by year

Algeria
Bolivia
1x
Year Economic freedom index
Algeria Bolivia
2026 45.8 42.4
2025 47.5 44.1
2024 43.9 43.5
2023 43.2 43.4
2022 45.8 43
2021 49.7 42.7
2020 46.9 42.8
2019 46.2 42.3
2018 44.7 44.1
2017 46.5 47.7
2016 50.1 47.4
2015 48.9 46.8
2014 50.8 48.4
2013 49.6 47.9
2012 51 50.2
2011 52.4 50
2010 56.9 49.4
2009 56.6 53.6
2008 56.2 53.1
2007 55.4 54.2
2006 55.7 57.8
2005 53.2 58.4
2004 58.1 64.5
2003 57.7 64.3
2002 61 65.1
2001 57.3 68
2000 56.8 65
1999 57.2 65.6
1998 55.8 68.8
1997 54.9 65.1
1996 54.5 65.2
1995 55.7 56.8

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

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

The Economic Freedom Index for Algeria is 45.8, ranking 179/197, compared to 42.4 for Bolivia, ranking 184/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Algeria Bolivia
Services, % of GDP
46.8%
2024
53.4%
2024
Industry, % of GDP
36.2%
2024
31.3%
2024
Agriculture, forestry, and fishing, % of GDP
14%
2024
8.83%
2024
GNI, Atlas method
$252B
2024
$51.7B
2024
GNI per capita, PPP
$17,290
2024
$12,620
2024
Total reserves including gold
$83B
2024
$1.98B
2024
Total reserves ranking
31/177
2024
127/177
2024
Net foreign direct investment
-$1.23B
2024
-$113M
2024
Net inflows of foreign direct investment
$1.23B
2024
$387M
2024
Net outflows of foreign direct investment
$265K
2024
$133M
2024
Servicing debt to the IMF, % of GNI
0.17%
2024
3.41%
2024
Poverty at national poverty lines
5.5%
2011
36.5%
2023
Gross capital formation, % of GDP
41.1%
2024
17.9%
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/bolivia | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2020–2024, 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.