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Economy of Algeria vs Chad compared: GDP & Debt

Updated on by Georank team

Algeria has a GDP of $269B compared to $19.5B for Chad, ranking 51/197 and 132/197 by economy size, respectively.

Algeria has $129B in government debt (48.1% of GDP), compared to $6.37B (32.7% of GDP) in Chad.

Algeria vs Chad GDP by year

Algeria
Chad
1x
Year GDP, current $
Algeria Chad
2024 $269,322,281,665 $19,518,819,751
2023 $247,923,887,215 $18,340,233,749
2022 $225,581,644,703 $17,828,508,290
2021 $186,231,205,262 $16,871,937,698
2020 $164,873,415,325 $14,932,897,821
2019 $193,459,662,091 $14,905,517,743
2018 $194,554,483,656 $15,327,000,249
2017 $189,880,896,903 $13,349,041,409
2016 $180,763,839,522 $13,026,289,836
2015 $187,493,855,609 $14,559,599,500
2014 $238,942,664,193 $18,144,336,904
2013 $229,701,430,292 $17,865,316,886
2012 $227,143,746,076 $17,892,228,570
2011 $218,331,946,925 $16,685,349,674
2010 $177,785,053,940 $14,058,506,664
2009 $150,317,292,079 $12,317,614,054
2008 $180,383,848,331 $13,385,593,990
2007 $142,482,739,810 $10,865,385,132
2006 $123,084,258,693 $9,709,626,596
2005 $107,046,618,670 $8,655,892,393
2004 $91,913,680,985 $4,422,855,661
2003 $73,482,264,191 $2,742,815,072
2002 $61,516,103,406 $1,997,005,709
2001 $59,413,400,924 $1,710,843,377
2000 $54,790,398,570 $1,388,506,772
1999 $48,640,671,735 $1,534,673,583
1998 $48,187,781,984 $1,744,794,531
1997 $48,177,612,042 $1,544,689,577
1996 $46,941,554,225 $1,607,345,356
1995 $41,764,291,672 $1,445,919,895
1994 $42,543,176,829 $1,179,837,963
1993 $49,945,584,453 $1,463,251,164
1992 $48,003,133,347 $1,881,847,670
1991 $45,715,676,428 $1,877,137,982
1990 $62,048,507,531 $1,738,605,558
1989 $55,634,721,573 $1,433,686,312
1988 $59,089,396,860 $1,482,597,298
1987 $66,745,818,375 $1,163,426,852
1986 $63,692,007,897 $1,067,828,246
1985 $57,937,868,670 $1,033,069,709
1984 $53,698,548,293 $919,103,735
1983 $48,801,369,800 $832,415,806
1982 $45,207,167,470 $834,369,860
1981 $44,348,590,461 $876,937,558
1980 $42,345,829,079 $1,033,002,404
1979 $33,243,706,860 $1,004,316,496
1978 $26,364,491,313 $1,113,920,124
1977 $20,972,113,685 $935,360,465
1976 $17,728,240,932 $866,044,962
1975 $15,557,902,754 $864,602,105
1974 $13,209,871,626 $652,532,795
1973 $8,707,858,912 $647,199,483
1972 $6,766,743,957 $585,427,547
1971 $5,077,183,094 $501,866,730
1970 $4,863,526,897 $469,266,737
1969 $4,257,253,264 $471,635,622
1968 $3,852,147,027 $453,980,096
1967 $3,370,870,376 $449,826,323
1966 $3,039,859,187 $432,794,922
1965 $3,136,284,307 $416,926,303
1964 $2,909,316,435 $392,247,518
1963 $2,702,982,018 $371,767,002
1962 $2,001,444,544 $357,635,713
1961 $2,434,747,056 $333,975,336
1960 $2,723,615,451 $313,582,728

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

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

GDP per capita in Algeria vs Chad by year

Algeria
GDP per capita

GDP per capita, PPP
Chad
GDP per capita

GDP per capita, PPP
1x
Year Current $
Algeria Chad
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $5,753 $17,621 $962 $2,743
2023 $5,370 $16,824 $949 $2,700
2022 $4,960 $15,836 $966 $2,624
2021 $4,161 $14,497 $946 $2,435
2020 $3,744 $12,677 $867 $2,186
2019 $4,468 $13,893 $893 $2,352
2018 $4,577 $13,727 $949 $2,228
2017 $4,555 $13,494 $854 $2,097
2016 $4,425 $13,438 $862 $2,120
2015 $4,685 $13,807 $994 $2,378
2014 $6,095 $14,694 $1,279 $2,133
2013 $5,980 $14,371 $1,305 $2,110
2012 $6,034 $14,441 $1,354 $2,435
2011 $5,916 $14,640 $1,308 $2,388
2010 $4,913 $14,201 $1,142 $2,320
2009 $4,235 $13,651 $1,036 $2,087
2008 $5,181 $13,666 $1,166 $2,181
2007 $4,167 $13,321 $980 $2,149
2006 $3,661 $12,791 $907 $2,079
2005 $3,233 $12,246 $838 $2,102
2004 $2,817 $11,432 $446 $1,808
2003 $2,284 $10,803 $289.1 $1,378
2002 $1,937 $10,080 $219.1 $1,226
2001 $1,896 $9,544 $194.3 $1,152
2000 $1,773 $9,187 $163.1 $1,044
1999 $1,596 $8,776 $186.6 $1,066
1998 $1,603 $8,503 $219.8 $1,096
1997 $1,629 $8,129 $201.4 $1,049
1996 $1,617 $8,053 $216.9 $1,010
1995 $1,467 $7,747 $204 $1,014
1994 $1,526 $7,463 $173.9 $1,026
1993 $1,831 $7,538 $220.7 $933
1992 $1,803 $7,705 $290.6 $1,107
1991 $1,759 $7,582 $302 $1,046
1990 $2,445 $7,602 $290.6 $967
1989 $2,247 - $246.4 -
1988 $2,451 - $263.5 -
1987 $2,847 - $213.9 -
1986 $2,800 - $203.4 -
1985 $2,633 - $202.7 -
1984 $2,524 - $182.2 -
1983 $2,374 - $167.2 -
1982 $2,275 - $176.1 -
1981 $2,307 - $194 -
1980 $2,276 - $228.8 -
1979 $1,843 - $222.9 -
1978 $1,506 - $252.5 -
1977 $1,232 - $215.9 -
1976 $1,080 - $203.7 -
1975 $992 - $207.5 -
1974 $873 - $160 -
1973 $590 - $162.4 -
1972 $469 - $150.4 -
1971 $360 - $131.8 -
1970 $353 - $125.9 -
1969 $316 - $129.2 -
1968 $292.4 - $126.9 -
1967 $261.8 - $128.2 -
1966 $241.4 - $125.8 -
1965 $253.6 - $123.6 -
1964 $238.9 - $118.6 -
1963 $225.6 - $114.7 -
1962 $169.6 - $112.6 -
1961 $209.4 - $107.3 -
1960 $238.4 - $102.8 -

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

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

Algeria's GDP per capita is $5,753, ranking 114/197, compared to $962 in Chad, ranking 182/197. Adjusted for purchasing power (GDP per capita PPP), Algeria ranks 105th at $17,621, while Chad ranks 182nd at $2,743.

Economic indicators

Algeria Chad
Gross domestic product
$269B
2024
$19.5B
2024
GDP rank
51/197
2024
132/197
2024
GDP growth
3.7%
2023-2024
4.2%
2023-2024
GDP per capita
$5,753
2024
$962
2024
GDP per capita rank
114/197
2024
182/197
2024
GDP per capita, PPP
$17,621
2024
$2,743
2024
GDP per capita PPP rank
105/197
2024
182/197
2024
Government debt
$129B
2024
$6.37B
2024
Debt-to-GDP ratio
48.1%
2024
32.7%
2024
Government debt per person
$2,765
2024
$314
2024
Government debt per person rank
106/185
2024
177/185
2024
Average annual personal income after taxes
$3,787
2026
$1,276
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
29.5%
2022
Income share by poorest 10%
4%
2011
2.8%
2022
Government expenditure, % of GDP
36.8%
2024
18.8%
2024
Consumer prices inflation
4.05%
2023-2024
5.1%
2023-2024
Central bank interest rate
3%
2020
n/a
Unemployment rate
12%
2017
1.14%
2018
Population
48222325
21893857

Spending and national debt comparison by year

Algeria
Spending

Debt
Chad
Spending

Debt
1x
Year % of GDP
Algeria Chad
Government spending Government debt Government spending Government debt
2024 36.8% 48.1% 18.8% 32.7%
2023 37.4% 47.7% 17.1% 32.2%
2022 32.7% 48.1% 12.6% 32.1%
2021 32.5% 55.1% 13% 41.6%
2020 37.5% 46% 14.1% 41.7%
2019 37.1% 40.9% 10.6% 38.4%
2018 36.2% 34.5% 9.73% 33.8%
2017 36.2% 24% 11.3% 39.2%
2016 37.2% 18.1% 11.2% 40.1%
2015 40.9% 7.73% 13.8% 31.3%
2014 36.9% 6.85% 16.9% 29.4%
2013 33.5% 6.48% 16.6% 22.3%
2012 40% 8.58% 16.6% 20%
2011 37.7% 8.48% 16.3% 22.3%
2010 35.1% 9.51% 18.5% 22.9%
2009 40.1% 8.92% 19.8% 23.9%
2008 37.3% 7.64% 14.6% 15.7%
2007 33.1% 12.8% 13.6% 17.6%
2006 27.8% 22.5% 10.7% 20.1%
2005 27.8% 25.4% 8.87% 22%
2004 27.1% 32.7% 9.84% 25.2%
2003 27% 38.2% 14.9% 34.4%
2002 32.5% 47.3% 13.8% 42%
2001 29.1% 50% 12% 43.5%
2000 26.4% 53.4% 14% 52.4%
1999 29.4% 69.7% 12.9% 44.7%
1998 28.7% 79.9% 10.1% 34.7%
1997 28.5% 79.6% 12% 41.3%
1996 26.9% 90.7% 12% 40.5%
1995 28.9% 95.9% 12.3% 41.1%
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 (1990–1998, retrieved 2026-02-20).

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

In 2024, Algeria's government spending was $99.1B, accounting for 36.8% of its GDP, while Chad spent $3.67B, or 18.8% of GDP.

Debt-to-GDP ratio is 48.1% in Algeria and 32.7% in Chad, ranking 113/185 and 151/185, respectively.

Government deficit by year

Deficit/surplus
Algeria

Chad
1x
Year Deficit/surplus, % of GDP
Algeria Chad
2024 -13.8% -2.11%
2023 -5.52% -1.26%
2022 -2.96% 3.79%
2021 -6.32% -1.29%
2020 -10.5% 1.24%
2019 -8.51% -0.11%
2018 -6.15% 1.39%
2017 -7.55% -0.18%
2016 -11.8% -1.51%
2015 -13.9% -3.29%
2014 -7.14% -3.22%
2013 -0.79% -1.5%
2012 -4.04% 0.33%
2011 -1.06% 1.75%
2010 -1.35% -3.16%
2009 -6.53% -8.44%
2008 7.79% 2.82%
2007 4.63% 2.02%
2006 12.9% 1.7%
2005 11.4% -0.05%
2004 6.36% -1.84%
2003 7.22% -4.32%
2002 0.21% -4.08%
2001 3.15% -3.53%
2000 8.91% -4.68%
1999 -1.83% -4.07%
1998 -3.52% -1.73%
1997 2.19% -2.58%
1996 2.7% -2.86%
1995 -1.3% -3.12%
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/chad | 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 Chad's deficit of $412M, or 2.11% of GDP.

Over the past 30 years, Algeria recorded a fiscal deficit in 19 of those years, while Chad ran a deficit in 22 years. On average, Algeria posted an annual deficit equal to 1.57% of GDP, compared to deficit of 1.46% of GDP for Chad.

Inflation comparison by year

Inflation
Algeria

Chad
1x
Year Consumer prices inflation
Algeria Chad
2024 4.05% 5.1%
2023 9.32% 2.3%
2022 9.27% 5.8%
2021 7.23% -0.8%
2020 2.42% 4.5%
2019 1.95% -1%
2018 4.27% 4%
2017 5.59% -0.9%
2016 6.4% -1.6%
2015 4.78% 4.8%
2014 2.92% -5.5%
2013 3.25% 0.2%
2012 8.89% 7.5%
2011 4.52% 2%
2010 3.91% -2.1%
2009 5.74% 10.1%
2008 4.86% 8.3%
2007 3.68% -7.4%
2006 2.31% 9.6%
2005 1.38% 4.4%
2004 3.96% -4.8%
2003 4.27% -1.8%
2002 1.42% 5.2%
2001 4.23% 12.4%
2000 0.34% 3.8%
1999 2.65% -8.4%
1998 4.95% 4.3%
1997 5.73% 5.6%

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/chad | CC BY

Over the past 28 years, Algeria has recorded an average annual inflation rate of 4.44%, compared with 2.34% in Chad. In 2024, inflation was 4.05% in Algeria and 5.1% in Chad.

Top exports between countries

Algeria
Export category Export value
Chad
Export category Export value
Machinery & equipment $62K
Raw agricultural goods $29K
Textiles & consumer goods $1K

Balance of trade

Algeria Chad
Current account balance
-$2.75B
2024
-$37.7M
1994
Current account balance ranking
154/190
2024
82/190
1994
Current account balance, % of GDP
-1.02%
2024
-3.2%
1994
Goods imports
$45.3B
2024
$212M
1994
Goods exports
$48.8B
2024
$135M
1994
Service imports
$9.13B
2024
$199M
1994
Service exports
$4.22B
2024
$54.8M
1994
Imports of goods and services, % of GDP
20.3%
2024
18.1%
2024
Exports of goods and services, % of GDP
19.9%
2024
29.8%
2024

Economic freedom indices

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

Algeria Chad
Economic freedom 45.8 51.2
Economic freedom ranking 179/197 154/197
Property rights 27.7 17.2
Government integrity 29.4 15.2
Judicial effectiveness 30 15
Tax burden 80.3 77.9
Government spending 61.9 92.2
Fiscal health 15.4 97.9
Business freedom 59.3 27.4
Labor freedom 52.2 53.7
Monetary freedom 74.7 71.6
Trade freedom 58.8 46.4
Investment freedom 30 60
Financial freedom 30 40

Economic freedom comparison by year

Algeria
Chad
1x
Year Economic freedom index
Algeria Chad
2026 45.8 51.2
2025 47.5 52.2
2024 43.9 51.4
2023 43.2 52
2022 45.8 49.8
2021 49.7 50.4
2020 46.9 50.2
2019 46.2 49.9
2018 44.7 49.3
2017 46.5 49
2016 50.1 46.3
2015 48.9 45.9
2014 50.8 44.5
2013 49.6 45.2
2012 51 44.8
2011 52.4 45.3
2010 56.9 47.5
2009 56.6 47.5
2008 56.2 47.8
2007 55.4 50.1
2006 55.7 50
2005 53.2 52.1
2004 58.1 53.1
2003 57.7 52.6
2002 61 49.2
2001 57.3 46.4
2000 56.8 46.8
1999 57.2 47.2
1998 55.8 46.6
1997 54.9 45.1
1996 54.5 -
1995 55.7 -

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

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

The Economic Freedom Index for Algeria is 45.8, ranking 179/197, compared to 51.2 for Chad, ranking 154/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Algeria Chad
Services, % of GDP
46.8%
2024
29.8%
2024
Industry, % of GDP
36.2%
2024
28.7%
2024
Agriculture, forestry, and fishing, % of GDP
14%
2024
37.7%
2024
GNI, Atlas method
$252B
2024
$19.1B
2024
GNI per capita, PPP
$17,290
2024
$2,710
2024
Total reserves including gold
$83B
2024
$1.05B
2023
Total reserves ranking
31/177
2024
140/177
2023
Net foreign direct investment
-$1.23B
2024
-$26.5M
1994
Net inflows of foreign direct investment
$1.23B
2024
$1.02B
2024
Net outflows of foreign direct investment
$265K
2024
$0
2024
Servicing debt to the IMF, % of GNI
0.17%
2024
1.9%
2024
Poverty at national poverty lines
5.5%
2011
44.8%
2022
Gross capital formation, % of GDP
41.1%
2024
26.8%
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/chad | 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 (1990–1998, retrieved 2026-02-20)
  6. TradeMap (2017, 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.