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Economy of Algeria vs Bulgaria compared: GDP & Debt

Updated on by Georank team

Algeria has a GDP of $269B compared to $113B for Bulgaria, ranking 51/197 and 67/197 by economy size, respectively.

Algeria has $129B in government debt (48.1% of GDP), compared to $27.3B (24.1% of GDP) in Bulgaria.

Algeria vs Bulgaria GDP by year

Algeria
Bulgaria
1x
Year GDP, current $
Algeria Bulgaria
2024 $269,322,281,665 $113,343,355,780
2023 $247,923,887,215 $102,199,231,385
2022 $225,581,644,703 $90,506,153,294
2021 $186,231,205,262 $84,374,613,233
2020 $164,873,415,325 $70,486,877,546
2019 $193,459,662,091 $68,507,731,354
2018 $194,554,483,656 $66,097,226,262
2017 $189,880,896,903 $59,167,647,388
2016 $180,763,839,522 $53,929,397,039
2015 $187,493,855,609 $50,765,918,159
2014 $238,942,664,193 $57,080,897,012
2013 $229,701,430,292 $55,819,262,375
2012 $227,143,746,076 $54,297,052,002
2011 $218,331,946,925 $57,681,293,007
2010 $177,785,053,940 $50,689,051,382
2009 $150,317,292,079 $52,023,801,230
2008 $180,383,848,331 $54,480,684,188
2007 $142,482,739,810 $44,431,257,129
2006 $123,084,258,693 $34,380,536,496
2005 $107,046,618,670 $29,868,657,858
2004 $91,913,680,985 $26,157,743,369
2003 $73,482,264,191 $21,144,957,990
2002 $61,516,103,406 $16,403,043,850
2001 $59,413,400,924 $14,183,446,026
2000 $54,790,398,570 $13,245,990,274
1999 $48,640,671,735 $13,637,098,579
1998 $48,187,781,984 $15,031,055,047
1997 $48,177,612,042 $11,316,127,379
1996 $46,941,554,225 $12,294,964,838
1995 $41,764,291,672 $18,991,484,420
1994 $42,543,176,829 $9,709,240,034
1993 $49,945,584,453 $10,832,064,942
1992 $48,003,133,347 $8,602,887,623
1991 $45,715,676,428 $7,628,738,475
1990 $62,048,507,531 $20,632,090,909
1989 $55,634,721,573 $21,988,444,444
1988 $59,089,396,860 $22,555,941,176
1987 $66,745,818,375 $28,101,000,000
1986 $63,692,007,897 $20,249,294,118
1985 $57,937,868,670 $17,155,421,053
1984 $53,698,548,293 $17,594,944,444
1983 $48,801,369,800 $16,563,666,667
1982 $45,207,167,470 $19,342,000,000
1981 $44,348,590,461 $19,870,000,000
1980 $42,345,829,079 $19,839,230,769
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/bulgaria | CC BY

GDP per capita in Algeria vs Bulgaria by year

Algeria
GDP per capita

GDP per capita, PPP
Bulgaria
GDP per capita

GDP per capita, PPP
1x
Year Current $
Algeria Bulgaria
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $5,753 $17,621 $17,596 $41,969
2023 $5,370 $16,824 $15,853 $38,829
2022 $4,960 $15,836 $13,999 $36,320
2021 $4,161 $14,497 $12,966 $30,959
2020 $3,744 $12,677 $10,760 $27,352
2019 $4,468 $13,893 $10,354 $26,766
2018 $4,577 $13,727 $9,849 $23,998
2017 $4,555 $13,494 $8,697 $22,317
2016 $4,425 $13,438 $7,822 $20,746
2015 $4,685 $13,807 $7,269 $18,896
2014 $6,095 $14,694 $8,070 $17,991
2013 $5,980 $14,371 $7,796 $16,894
2012 $6,034 $14,441 $7,432 $16,327
2011 $5,916 $14,640 $7,850 $15,747
2010 $4,913 $14,201 $6,854 $14,954
2009 $4,235 $13,651 $6,988 $14,188
2008 $5,181 $13,666 $7,271 $14,347
2007 $4,167 $13,321 $5,889 $12,822
2006 $3,661 $12,791 $4,523 $11,406
2005 $3,233 $12,246 $3,900 $10,291
2004 $2,817 $11,432 $3,390 $9,200
2003 $2,284 $10,803 $2,719 $8,416
2002 $1,937 $10,080 $2,093 $7,786
2001 $1,896 $9,544 $1,771 $6,960
2000 $1,773 $9,187 $1,621 $6,424
1999 $1,596 $8,776 $1,661 $5,808
1998 $1,603 $8,503 $1,820 $6,178
1997 $1,629 $8,129 $1,361 $5,751
1996 $1,617 $8,053 $1,470 $6,849
1995 $1,467 $7,747 $2,259 $7,743
1994 $1,526 $7,463 $1,150 $7,338
1993 $1,831 $7,538 $1,279 $7,032
1992 $1,803 $7,705 $1,007 $6,917
1991 $1,759 $7,582 $884 $7,215
1990 $2,445 $7,602 $2,367 $7,548
1989 $2,247 - $2,477 -
1988 $2,451 - $2,511 -
1987 $2,847 - $3,132 -
1986 $2,800 - $2,260 -
1985 $2,633 - $1,915 -
1984 $2,524 - $1,964 -
1983 $2,374 - $1,853 -
1982 $2,275 - $2,169 -
1981 $2,307 - $2,235 -
1980 $2,276 - $2,239 -
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/bulgaria | CC BY

Algeria's GDP per capita is $5,753, ranking 114/197, compared to $17,596 in Bulgaria, ranking 64/197. Adjusted for purchasing power (GDP per capita PPP), Algeria ranks 105th at $17,621, while Bulgaria ranks 54th at $41,969.

Economic indicators

Algeria Bulgaria
Gross domestic product
$269B
2024
$113B
2024
GDP rank
51/197
2024
67/197
2024
GDP growth
3.7%
2023-2024
3.39%
2023-2024
GDP per capita
$5,753
2024
$17,596
2024
GDP per capita rank
114/197
2024
64/197
2024
GDP per capita, PPP
$17,621
2024
$41,969
2024
GDP per capita PPP rank
105/197
2024
54/197
2024
Government debt
$129B
2024
$27.3B
2024
Debt-to-GDP ratio
48.1%
2024
24.1%
2024
Government debt per person
$2,765
2024
$4,237
2024
Government debt per person rank
106/185
2024
90/185
2024
Average annual personal income after taxes
$3,787
2026
$14,263
2026
Market capitalization of domestic companies
$371M
2018
$8.41B
2024
Number of billionaires
1
2025
2
2025
Income share by richest 10%
22.9%
2011
31.1%
2023
Income share by poorest 10%
4%
2011
2.1%
2023
Government expenditure, % of GDP
36.8%
2024
36.7%
2024
Consumer prices inflation
4.05%
2023-2024
2.6%
2023-2024
Central bank interest rate
3%
2020
1.81%
2025
Unemployment rate
12%
2017
4.17%
2024
Population
48222325
6359449

Spending and national debt comparison by year

Algeria
Spending

Debt
Bulgaria
Spending

Debt
1x
Year % of GDP
Algeria Bulgaria
Government spending Government debt Government spending Government debt
2024 36.8% 48.1% 36.7% 24.1%
2023 37.4% 47.7% 37.4% 22.9%
2022 32.7% 48.1% 37.6% 22.5%
2021 32.5% 55.1% 38.4% 23.8%
2020 37.5% 46% 37.6% 22.7%
2019 37.1% 40.9% 36% 18.4%
2018 36.2% 34.5% 34.4% 20.1%
2017 36.2% 24% 32% 22.9%
2016 37.2% 18.1% 32.7% 27%
2015 40.9% 7.73% 37.3% 25.4%
2014 36.9% 6.85% 37.1% 26.3%
2013 33.5% 6.48% 35.5% 17.2%
2012 40% 8.58% 32.5% 16.5%
2011 37.7% 8.48% 32% 14.3%
2010 35.1% 9.51% 34.6% 14.1%
2009 40.1% 8.92% 33.8% 14.5%
2008 37.3% 7.64% 33.5% 14.7%
2007 33.1% 12.8% 33.1% 17.6%
2006 27.8% 22.5% 32.5% 22.6%
2005 27.8% 25.4% 34% 28.5%
2004 27.1% 32.7% 34.6% 37.8%
2003 27% 38.2% 35.8% 45.4%
2002 32.5% 47.3% 35.1% 53.4%
2001 29.1% 50% 36.5% 67.1%
2000 26.4% 53.4% 37.1% 73.3%
1999 29.4% 69.7% 36.2% 78.7%
1998 28.7% 79.9% 30.6% 67.3%
1997 28.5% 79.6% 32.9% 88.4%
1996 26.9% 90.7% 44% 113.8%
1995 28.9% 95.9% 45.4% 72%
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 (1990–1997, retrieved 2026-02-20).

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

In 2024, Algeria's government spending was $99.1B, accounting for 36.8% of its GDP, while Bulgaria spent $41.5B, or 36.7% of GDP.

Debt-to-GDP ratio is 48.1% in Algeria and 24.1% in Bulgaria, ranking 113/185 and 169/185, respectively.

Government deficit by year

Deficit/surplus
Algeria

Bulgaria
1x
Year Deficit/surplus, % of GDP
Algeria Bulgaria
2024 -13.8% -3.04%
2023 -5.52% -3.03%
2022 -2.96% -0.8%
2021 -6.32% -2.8%
2020 -10.5% -2.92%
2019 -8.51% -0.96%
2018 -6.15% 0.12%
2017 -7.55% 0.82%
2016 -11.8% 1.54%
2015 -13.9% -2.77%
2014 -7.14% -3.65%
2013 -0.79% -1.75%
2012 -4.04% -0.43%
2011 -1.06% -1.83%
2010 -1.35% -3.77%
2009 -6.53% -0.86%
2008 7.79% 2.73%
2007 4.63% 3.09%
2006 12.9% 3.22%
2005 11.4% 2.19%
2004 6.36% 1.59%
2003 7.22% 0.003%
2002 0.21% -0.61%
2001 3.15% -0.58%
2000 8.91% -0.6%
1999 -1.83% 0.15%
1998 -3.52% 1.08%
1997 2.19% 0.83%
1996 2.7% -10.1%
1995 -1.3% -7.98%
1994 -4.05% -
1993 -7.79% -
1992 -1.05% -
1991 1.53% -
1990 3.35% -
1989 - -
1988 - -
1987 - -
1986 - -
1985 - -
1984 - -
1983 - -
1982 - -
1981 - -
1980 - -
1979 - -
1978 - -
1977 - -
1976 - -
1975 - -
1974 - -
1973 - -
1972 - -
1971 - -
1970 - -
1969 - -
1968 - -
1967 - -
1966 - -
1965 - -
1964 - -
1963 - -
1962 - -
1961 - -
1960 - -
1959 - -
1958 - -
1957 - -
1956 - -
1955 - -
1954 - -
1953 - -
1952 - -
1951 - -
1950 - -
1949 - -
1948 - -
1947 - -
1946 - -
1945 - -
1944 - 0%
1943 - 0%
1942 - -0.3%
1941 - 3.96%
1940 - 0.75%
1939 - 0.72%
1938 - 1%
1937 - 1.41%
1936 - 1.17%
1935 - 1.34%
1934 - -0.12%
1933 - -0.56%
1932 - -2.14%
1931 - -3.07%
1930 - -5.48%
1929 - -6.67%
1928 - -1.09%
1927 - -0.02%
1926 - -0.25%
1925 - -0.97%
1924 - 1.26%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1924–1997, retrieved 2026-02-20).

GeoRank.org/economy/algeria/bulgaria | 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 Bulgaria's deficit of $3.44B, or 3.04% of GDP.

Over the past 30 years, Algeria recorded a fiscal deficit in 19 of those years, while Bulgaria ran a deficit in 18 years. On average, Algeria posted an annual deficit equal to 1.57% of GDP, compared to deficit of 1.04% of GDP for Bulgaria.

Inflation comparison by year

Inflation
Algeria

Bulgaria
1x
Year Consumer prices inflation
Algeria Bulgaria
2024 4.05% 2.6%
2023 9.32% 8.6%
2022 9.27% 13%
2021 7.23% 2.8%
2020 2.42% 1.2%
2019 1.95% 2.5%
2018 4.27% 2.6%
2017 5.59% 1.2%
2016 6.4% -1.3%
2015 4.78% -1.1%
2014 2.92% -1.6%
2013 3.25% 0.4%
2012 8.89% 2.4%
2011 4.52% 3.4%
2010 3.91% 3%
2009 5.74% 2.5%
2008 4.86% 12%
2007 3.68% 7.6%
2006 2.31% 7.4%
2005 1.38% 6%
2004 3.96% 6.1%
2003 4.27% 2.3%
2002 1.42% 5.8%
2001 4.23% 7.4%
2000 0.34% 10.3%
1999 2.65% 2.6%
1998 4.95% 18.7%
1997 5.73% 1,061%

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/bulgaria | CC BY

Over the past 28 years, Algeria has recorded an average annual inflation rate of 4.44%, compared with 42.5% in Bulgaria. In 2024, inflation was 4.05% in Algeria and 2.6% in Bulgaria.

Top exports between countries

Algeria
Export category Export value
Raw materials & minerals $632K
Raw agricultural goods $87K
Bulgaria
Export category Export value
Raw agricultural goods $435M
Raw materials & minerals $62.8M
Wood & paper products $29.8M
Metals $20.4M
Machinery & equipment $8.4M
Chemicals & pharma $7.04M
Processed food, beverages & tobacco $5.48M
Textiles & consumer goods $972K
Animal & marine products $95K
Miscellaneous $3K

Balance of trade

Algeria Bulgaria
Current account balance
-$2.75B
2024
-$1.74B
2024
Current account balance ranking
154/190
2024
138/190
2024
Current account balance, % of GDP
-1.02%
2024
-1.54%
2024
Goods imports
$45.3B
2024
$52.8B
2024
Goods exports
$48.8B
2024
$47.3B
2024
Service imports
$9.13B
2024
$8.26B
2024
Service exports
$4.22B
2024
$16.6B
2024
Imports of goods and services, % of GDP
20.3%
2024
53.9%
2024
Exports of goods and services, % of GDP
19.9%
2024
56.4%
2024

Economic freedom indices

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

Algeria Bulgaria
Economic freedom 45.8 68.9
Economic freedom ranking 179/197 44/197
Property rights 27.7 75.8
Government integrity 29.4 48.4
Judicial effectiveness 30 58.5
Tax burden 80.3 89.1
Government spending 61.9 58.4
Fiscal health 15.4 90.4
Business freedom 59.3 78.2
Labor freedom 52.2 62.4
Monetary freedom 74.7 75.8
Trade freedom 58.8 79.4
Investment freedom 30 60
Financial freedom 30 50

Economic freedom comparison by year

Algeria
Bulgaria
1x
Year Economic freedom index
Algeria Bulgaria
2026 45.8 68.9
2025 47.5 68.8
2024 43.9 68.5
2023 43.2 69.3
2022 45.8 71
2021 49.7 70.4
2020 46.9 70.2
2019 46.2 69
2018 44.7 68.3
2017 46.5 67.9
2016 50.1 65.9
2015 48.9 66.8
2014 50.8 65.7
2013 49.6 65
2012 51 64.7
2011 52.4 64.9
2010 56.9 62.3
2009 56.6 64.6
2008 56.2 63.7
2007 55.4 62.7
2006 55.7 64.1
2005 53.2 62.3
2004 58.1 59.2
2003 57.7 57
2002 61 57.1
2001 57.3 51.9
2000 56.8 47.3
1999 57.2 46.2
1998 55.8 45.7
1997 54.9 47.6
1996 54.5 48.6
1995 55.7 50

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

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

The Economic Freedom Index for Algeria is 45.8, ranking 179/197, compared to 68.9 for Bulgaria, ranking 44/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Algeria Bulgaria
Services, % of GDP
46.8%
2024
63.8%
2024
Industry, % of GDP
36.2%
2024
21.1%
2024
Agriculture, forestry, and fishing, % of GDP
14%
2024
2.35%
2024
GNI, Atlas method
$252B
2024
$99B
2024
GNI per capita, PPP
$17,290
2024
$39,850
2024
Total reserves including gold
$83B
2024
$43.7B
2024
Total reserves ranking
31/177
2024
47/177
2024
Net foreign direct investment
-$1.23B
2024
-$2.22B
2024
Net inflows of foreign direct investment
$1.23B
2024
$3.55B
2024
Net outflows of foreign direct investment
$265K
2024
$1.13B
2024
Servicing debt to the IMF, % of GNI
0.17%
2024
6.8%
2024
Poverty at national poverty lines
5.5%
2011
21.7%
2023
Gross capital formation, % of GDP
41.1%
2024
20.4%
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/bulgaria | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1924–1997, retrieved 2026-02-20)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2017–2024, 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.