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Economy of Algeria vs Bosnia and Herzegovina compared: GDP & Debt

Updated on by Georank team

Algeria has a GDP of $269B compared to $29.6B for Bosnia and Herzegovina, ranking 51/197 and 111/197 by economy size, respectively.

Algeria has $129B in government debt (48.1% of GDP), compared to $8.74B (29.5% of GDP) in Bosnia and Herzegovina.

Algeria vs Bosnia and Herzegovina GDP by year

Algeria
Bosnia and Herzegovina
1x
Year GDP, current $
Algeria Bosnia
2024 $269,322,281,665 $29,613,572,023
2023 $247,923,887,215 $27,592,361,498
2022 $225,581,644,703 $24,534,663,636
2021 $186,231,205,262 $23,672,712,121
2020 $164,873,415,325 $20,226,038,370
2019 $193,459,662,091 $20,482,608,984
2018 $194,554,483,656 $20,484,058,033
2017 $189,880,896,903 $18,326,373,136
2016 $180,763,839,522 $17,116,926,554
2015 $187,493,855,609 $16,404,348,361
2014 $238,942,664,193 $18,558,734,107
2013 $229,701,430,292 $18,179,109,209
2012 $227,143,746,076 $17,226,735,996
2011 $218,331,946,925 $18,644,233,537
2010 $177,785,053,940 $17,176,315,804
2009 $150,317,292,079 $17,613,949,091
2008 $180,383,848,331 $19,112,796,623
2007 $142,482,739,810 $15,778,734,264
2006 $123,084,258,693 $12,864,841,906
2005 $107,046,618,670 $11,222,796,337
2004 $91,913,680,985 $10,156,541,221
2003 $73,482,264,191 $8,498,894,359
2002 $61,516,103,406 $6,728,220,983
2001 $59,413,400,924 $5,800,615,375
2000 $54,790,398,570 $5,567,772,769
1999 $48,640,671,735 $4,686,256,363
1998 $48,187,781,984 $4,116,774,301
1997 $48,177,612,042 $3,671,909,673
1996 $46,941,554,225 $2,786,045,322
1995 $41,764,291,672 $1,866,572,954
1994 $42,543,176,829 $1,255,802,469
1993 $49,945,584,453 $3,630,668,950
1992 $48,003,133,347 $4,735,044,707
1991 $45,715,676,428 $6,122,959,184
1990 $62,048,507,531 $7,753,478,261
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/bosnia-and-herzegovina | CC BY

GDP per capita in Algeria vs Bosnia and Herzegovina by year

Algeria
GDP per capita

GDP per capita, PPP
Bosnia and Herzegovina
GDP per capita

GDP per capita, PPP
1x
Year Current $
Algeria Bosnia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $5,753 $17,621 $9,359 $25,043
2023 $5,370 $16,824 $8,663 $23,376
2022 $4,960 $15,836 $7,656 $21,651
2021 $4,161 $14,497 $7,295 $18,287
2020 $3,744 $12,677 $6,130 $16,370
2019 $4,468 $13,893 $6,122 $16,429
2018 $4,577 $13,727 $6,048 $14,859
2017 $4,555 $13,494 $5,345 $13,627
2016 $4,425 $13,438 $4,929 $12,899
2015 $4,685 $13,807 $4,662 $11,845
2014 $6,095 $14,694 $5,206 $11,168
2013 $5,980 $14,371 $5,035 $10,808
2012 $6,034 $14,441 $4,694 $10,121
2011 $5,916 $14,640 $4,983 $9,761
2010 $4,913 $14,201 $4,506 $9,086
2009 $4,235 $13,651 $4,540 $8,698
2008 $5,181 $13,666 $4,842 $8,587
2007 $4,167 $13,321 $3,931 $7,686
2006 $3,661 $12,791 $3,166 $6,869
2005 $3,233 $12,246 $2,740 $5,956
2004 $2,817 $11,432 $2,453 $5,407
2003 $2,284 $10,803 $2,034 $4,917
2002 $1,937 $10,080 $1,607 $4,665
2001 $1,896 $9,544 $1,388 $4,307
2000 $1,773 $9,187 $1,338 $4,148
1999 $1,596 $8,776 $1,135 $3,875
1998 $1,603 $8,503 $1,007 $3,524
1997 $1,629 $8,129 $914 $3,041
1996 $1,617 $8,053 $719 $2,269
1995 $1,467 $7,747 $502 $1,507
1994 $1,526 $7,463 $337 $1,269
1993 $1,831 $7,538 $930 $1,067
1992 $1,803 $7,705 $1,118 $982
1991 $1,759 $7,582 $1,373 $975
1990 $2,445 $7,602 $1,743 $1,043
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/bosnia-and-herzegovina | CC BY

Algeria's GDP per capita is $5,753, ranking 114/197, compared to $9,359 in Bosnia and Herzegovina, ranking 87/197. Adjusted for purchasing power (GDP per capita PPP), Algeria ranks 105th at $17,621, while Bosnia and Herzegovina ranks 83rd at $25,043.

Economic indicators

Algeria Bosnia
Gross domestic product
$269B
2024
$29.6B
2024
GDP rank
51/197
2024
111/197
2024
GDP growth
3.7%
2023-2024
2.97%
2023-2024
GDP per capita
$5,753
2024
$9,359
2024
GDP per capita rank
114/197
2024
87/197
2024
GDP per capita, PPP
$17,621
2024
$25,043
2024
GDP per capita PPP rank
105/197
2024
83/197
2024
Government debt
$129B
2024
$8.74B
2024
Debt-to-GDP ratio
48.1%
2024
29.5%
2024
Government debt per person
$2,765
2024
$2,763
2024
Government debt per person rank
106/185
2024
107/185
2024
Average annual personal income after taxes
$3,787
2026
$8,501
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
25.1%
2011
Income share by poorest 10%
4%
2011
2.9%
2011
Government expenditure, % of GDP
36.8%
2024
43.3%
2024
Consumer prices inflation
4.05%
2023-2024
1.7%
2023-2024
Central bank interest rate
3%
2020
n/a
Unemployment rate
12%
2017
10.7%
2024
Population
48222325
3116111

Spending and national debt comparison by year

Algeria
Spending

Debt
Bosnia and Herzegovina
Spending

Debt
1x
Year % of GDP
Algeria Bosnia
Government spending Government debt Government spending Government debt
2024 36.8% 48.1% 43.3% 29.5%
2023 37.4% 47.7% 41.7% 29%
2022 32.7% 48.1% 39.4% 31.2%
2021 32.5% 55.1% 40.6% 35.8%
2020 37.5% 46% 45.4% 37.2%
2019 37.1% 40.9% 39.9% 32.8%
2018 36.2% 34.5% 40.4% 34.5%
2017 36.2% 24% 40% 38.6%
2016 37.2% 18.1% 41.5% 44.9%
2015 40.9% 7.73% 42.7% 46.4%
2014 36.9% 6.85% 46.2% 47.1%
2013 33.5% 6.48% 44.5% 43.8%
2012 40% 8.58% 46.9% 43.6%
2011 37.7% 8.48% 46.4% 40.9%
2010 35.1% 9.51% 48.7% 42.2%
2009 40.1% 8.92% 49% 36.4%
2008 37.3% 7.64% 48.4% 30.3%
2007 33.1% 12.8% 45.2% 18.2%
2006 27.8% 22.5% 44.2% 20.6%
2005 27.8% 25.4% 44.5% 24.9%
2004 27.1% 32.7% 45.6% 25.5%
2003 27% 38.2% 47.3% 27.6%
2002 32.5% 47.3% 47.4% 31.1%
2001 29.1% 50% 50.2% 35.1%
2000 26.4% 53.4% 56.2% 34.6%
1999 29.4% 69.7% 57.5% 56%
1998 28.7% 79.9% 54.4% 54.4%
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/bosnia-and-herzegovina | CC BY

In 2024, Algeria's government spending was $99.1B, accounting for 36.8% of its GDP, while Bosnia and Herzegovina spent $12.8B, or 43.3% of GDP.

Debt-to-GDP ratio is 48.1% in Algeria and 29.5% in Bosnia and Herzegovina, ranking 113/185 and 159/185, respectively.

Government deficit by year

Deficit/surplus
Algeria

Bosnia and Herzegovina
1x
Year Deficit/surplus, % of GDP
Algeria Bosnia
2024 -13.8% -1.88%
2023 -5.52% -1.67%
2022 -2.96% 0.15%
2021 -6.32% -0.18%
2020 -10.5% -4.5%
2019 -8.51% 1.37%
2018 -6.15% 1.63%
2017 -7.55% 1.79%
2016 -11.8% 0.34%
2015 -13.9% -0.19%
2014 -7.14% -2.87%
2013 -0.79% -1.28%
2012 -4.04% -2.68%
2011 -1.06% -2.73%
2010 -1.35% -4.06%
2009 -6.53% -5.34%
2008 7.79% -3.82%
2007 4.63% 0.17%
2006 12.9% 2.08%
2005 11.4% 0.74%
2004 6.36% -0.18%
2003 7.22% -0.44%
2002 0.21% -2.99%
2001 3.15% -3.44%
2000 8.91% -4.63%
1999 -1.83% -2.78%
1998 -3.52% -0.98%
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/bosnia-and-herzegovina | 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 Bosnia and Herzegovina's deficit of $557M, or 1.88% of GDP.

Over the past 27 years, Algeria recorded a fiscal deficit in 18 of those years, while Bosnia and Herzegovina ran a deficit in 19 years. On average, Algeria posted an annual deficit equal to 1.88% of GDP, compared to deficit of 1.42% of GDP for Bosnia and Herzegovina.

Inflation comparison by year

Inflation
Algeria

Bosnia and Herzegovina
1x
Year Consumer prices inflation
Algeria Bosnia
2024 4.05% 1.7%
2023 9.32% 6.1%
2022 9.27% 14%
2021 7.23% 2%
2020 2.42% -1.1%
2019 1.95% 0.6%
2018 4.27% 1.4%
2017 5.59% 0.8%
2016 6.4% -1.6%
2015 4.78% -1%
2014 2.92% -0.9%
2013 3.25% -0.1%
2012 8.89% 2.1%
2011 4.52% 4%
2010 3.91% 2.1%
2009 5.74% -0.4%
2008 4.86% 7.4%
2007 3.68% 1.5%
2006 2.31% 6.1%
2005 1.38% 3.6%
2004 3.96% 0.3%
2003 4.27% 0.5%
2002 1.42% 0.3%
2001 4.23% 3.2%
2000 0.34% 5%
1999 2.65% 2.8%
1998 4.95% -0.3%
1997 5.73% 5.7%

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/bosnia-and-herzegovina | CC BY

Over the past 28 years, Algeria has recorded an average annual inflation rate of 4.44%, compared with 2.35% in Bosnia and Herzegovina. In 2024, inflation was 4.05% in Algeria and 1.7% in Bosnia and Herzegovina.

Top exports between countries

Algeria
Export category Export value
Bosnia
Export category Export value
Raw materials & minerals $12.3M
Wood & paper products $956K
Raw agricultural goods $121K
Weapons & explosives $58K
Machinery & equipment $35K
Metals $1K

Balance of trade

Algeria Bosnia
Current account balance
-$2.75B
2024
-$1.03B
2024
Current account balance ranking
154/190
2024
123/190
2024
Current account balance, % of GDP
-1.02%
2024
-3.47%
2024
Goods imports
$45.3B
2024
$14.8B
2024
Goods exports
$48.8B
2024
$8.36B
2024
Service imports
$9.13B
2024
$1.27B
2024
Service exports
$4.22B
2024
$3.74B
2024
Imports of goods and services, % of GDP
20.3%
2024
54.3%
2024
Exports of goods and services, % of GDP
19.9%
2024
40.9%
2024

Economic freedom indices

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

Algeria Bosnia
Economic freedom 45.8 63.1
Economic freedom ranking 179/197 83/197
Property rights 27.7 46.9
Government integrity 29.4 36.8
Judicial effectiveness 30 36.1
Tax burden 80.3 93.9
Government spending 61.9 48.4
Fiscal health 15.4 96.2
Business freedom 59.3 65.1
Labor freedom 52.2 62.7
Monetary freedom 74.7 77.5
Trade freedom 58.8 69
Investment freedom 30 65
Financial freedom 30 60

Economic freedom comparison by year

Algeria
Bosnia and Herzegovina
1x
Year Economic freedom index
Algeria Bosnia
2026 45.8 63.1
2025 47.5 63.5
2024 43.9 62
2023 43.2 62.9
2022 45.8 63.4
2021 49.7 62.9
2020 46.9 62.6
2019 46.2 61.9
2018 44.7 61.4
2017 46.5 60.2
2016 50.1 58.6
2015 48.9 59
2014 50.8 58.4
2013 49.6 57.3
2012 51 57.3
2011 52.4 57.5
2010 56.9 56.2
2009 56.6 53.1
2008 56.2 53.9
2007 55.4 54.4
2006 55.7 55.6
2005 53.2 48.8
2004 58.1 44.7
2003 57.7 40.6
2002 61 37.4
2001 57.3 36.6
2000 56.8 45.1
1999 57.2 29.4
1998 55.8 29.4
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/bosnia-and-herzegovina | CC BY

The Economic Freedom Index for Algeria is 45.8, ranking 179/197, compared to 63.1 for Bosnia and Herzegovina, ranking 83/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Algeria Bosnia
Services, % of GDP
46.8%
2024
56.6%
2024
Industry, % of GDP
36.2%
2024
22.4%
2024
Agriculture, forestry, and fishing, % of GDP
14%
2024
4.53%
2024
GNI, Atlas method
$252B
2024
$27.8B
2024
GNI per capita, PPP
$17,290
2024
$24,990
2024
Total reserves including gold
$83B
2024
$9.42B
2024
Total reserves ranking
31/177
2024
79/177
2024
Net foreign direct investment
-$1.23B
2024
-$885M
2024
Net inflows of foreign direct investment
$1.23B
2024
$1B
2024
Net outflows of foreign direct investment
$265K
2024
$119M
2024
Servicing debt to the IMF, % of GNI
0.17%
2024
4.93%
2024
Poverty at national poverty lines
5.5%
2011
16.9%
2015
Gross capital formation, % of GDP
41.1%
2024
27.5%
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/bosnia-and-herzegovina | 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 (2020–2024, 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.