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Economy of Algeria vs Croatia compared: GDP & Debt

Updated on by Georank

Algeria has a GDP of $287B compared to $105B for Croatia, ranking 51/197 and 73/197 by economy size, respectively.

Algeria has $155B in government debt (54.1% of GDP), compared to $58.7B (55.9% of GDP) in Croatia.

Algeria vs Croatia GDP by year

Algeria
Croatia
1x
Year GDP, current $
Algeria Croatia
2025 $287,031,225,988 $105,060,182,186
2024 $269,322,281,665 $92,981,894,168
2023 $247,923,887,215 $85,621,337,533
2022 $225,581,644,703 $71,196,460,237
2021 $186,231,205,262 $69,002,262,505
2020 $164,873,415,325 $57,959,824,238
2019 $193,459,662,091 $61,467,261,345
2018 $194,554,483,656 $61,668,280,700
2017 $189,880,896,903 $56,182,225,079
2016 $180,763,839,522 $52,650,804,052
2015 $187,493,855,609 $50,999,271,059
2014 $238,942,664,193 $59,607,109,597
2013 $229,701,430,292 $59,846,869,999
2012 $227,143,746,076 $57,547,495,860
2011 $218,331,946,925 $62,889,150,894
2010 $177,785,053,940 $58,975,127,201
2009 $150,317,292,079 $62,315,450,611
2008 $180,383,848,331 $68,473,103,477
2007 $142,482,739,810 $59,290,547,254
2006 $123,084,258,693 $49,583,643,048
2005 $107,046,618,670 $45,012,776,906
2004 $91,913,680,985 $41,836,096,243
2003 $73,482,264,191 $35,244,797,329
2002 $61,516,103,406 $26,757,633,353
2001 $59,413,400,924 $23,067,071,478
2000 $54,790,398,570 $22,134,069,750
1999 $48,640,671,735 $23,776,940,769
1998 $48,187,781,984 $25,889,813,449
1997 $48,177,612,042 $24,175,272,572
1996 $46,941,554,225 $24,151,469,717
1995 $41,764,291,672 $22,772,224,146
1994 $42,543,176,829 $15,062,911,617
1993 $49,945,584,453 $11,259,647,874
1992 $48,003,133,347 $10,621,169,291
1991 $45,715,676,428 $18,760,386,775
1990 $62,048,507,531 $25,650,213,280
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 (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Algeria vs Croatia by year

Algeria
GDP per capita

GDP per capita, PPP
Croatia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Algeria Croatia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $6,051 - $27,104 -
2024 $5,753 $17,621 $24,050 $49,551
2023 $5,370 $16,824 $22,183 $47,760
2022 $4,960 $15,836 $18,466 $42,125
2021 $4,161 $14,497 $17,789 $36,930
2020 $3,744 $12,677 $14,808 $31,594
2019 $4,468 $13,893 $15,564 $33,064
2018 $4,577 $13,727 $15,460 $29,789
2017 $4,555 $13,494 $13,902 $27,888
2016 $4,425 $13,438 $12,820 $25,803
2015 $4,685 $13,807 $12,284 $23,750
2014 $6,095 $14,694 $14,187 $22,706
2013 $5,980 $14,371 $14,135 $22,430
2012 $6,034 $14,441 $13,508 $21,619
2011 $5,916 $14,640 $14,692 $21,191
2010 $4,913 $14,201 $13,730 $20,139
2009 $4,235 $13,651 $14,475 $20,358
2008 $5,181 $13,666 $15,888 $21,018
2007 $4,167 $13,321 $13,756 $19,568
2006 $3,661 $12,791 $11,501 $17,629
2005 $3,233 $12,246 $10,443 $15,451
2004 $2,817 $11,432 $9,719 $14,686
2003 $2,284 $10,803 $8,190 $13,692
2002 $1,937 $10,080 $6,220 $12,775
2001 $1,896 $9,544 $5,365 $11,653
2000 $1,773 $9,187 $4,954 $10,675
1999 $1,596 $8,776 $5,269 $9,943
1998 $1,603 $8,503 $5,712 $9,890
1997 $1,629 $8,129 $5,331 $9,536
1996 $1,617 $8,053 $5,300 $8,806
1995 $1,467 $7,747 $4,929 $8,052
1994 $1,526 $7,463 $3,238 $7,337
1993 $1,831 $7,538 $2,448 $6,861
1992 $1,803 $7,705 $2,321 $7,326
1991 $1,759 $7,582 $4,001 $7,918
1990 $2,445 $7,602 $5,369 $9,526
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 (1960–2025, retrieved 2026-07-08).

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

Algeria's GDP per capita is $6,051, ranking 114/197, compared to $27,104 in Croatia, ranking 49/197. Adjusted for purchasing power (GDP per capita PPP), Algeria ranks 105th at $17,621, while Croatia ranks 46th at $49,551.

Economic indicators

Algeria Croatia
Gross domestic product
$287B
2025
$105B
2025
GDP rank
51/197
2025
73/197
2025
GDP growth
3.82%
2024-2025
3.4%
2024-2025
GDP per capita
$6,051
2025
$27,104
2025
GDP per capita rank
114/197
2025
49/197
2025
GDP per capita, PPP
$17,621
2024
$49,551
2024
GDP per capita PPP rank
105/197
2024
46/197
2024
Government debt
$155B
2025
$58.7B
2025
Debt-to-GDP ratio
54.1%
2025
55.9%
2025
Government debt per person
$3,274
2025
$15,144
2025
Government debt per person rank
100/185
2025
44/185
2025
Average annual personal income after taxes
$3,755
2026
$20,376
2026
Market capitalization of domestic companies
$371M
2018
$37.9B
2025
Number of billionaires
1
2026
1
2026
Income share by richest 10%
22.9%
2011
23.3%
2023
Income share by poorest 10%
4%
2011
2.9%
2023
Government expenditure, % of GDP
36.2%
2025
49.3%
2025
Consumer prices inflation
1.42%
2024-2025
3.69%
2024-2025
Central bank interest rate
3%
2020
n/a
Unemployment rate
11.7%
2017
4.9%
2025
Population
48345858
3849788

Spending and national debt comparison by year

Algeria
Spending

Debt
Croatia
Spending

Debt
1x
Year % of GDP
Algeria Croatia
Government spending Government debt Government spending Government debt
2025 36.2% 54.1% 49.3% 55.9%
2024 36.8% 48.1% 48% 57.4%
2023 37.4% 47.7% 46.3% 60.9%
2022 32.7% 48.1% 45% 68.5%
2021 32.5% 55.1% 48.2% 78.2%
2020 37.5% 46% 53.8% 86.5%
2019 37.1% 40.9% 44.4% 70.9%
2018 36.2% 34.5% 45% 72.8%
2017 36.2% 24% 44.1% 76.2%
2016 37.2% 18.1% 45.9% 79.3%
2015 40.9% 7.73% 47.6% 82.8%
2014 36.9% 6.85% 48.7% 83.2%
2013 33.5% 6.48% 48% 79.5%
2012 40% 8.58% 47.3% 68.9%
2011 37.7% 8.48% 48.6% 63.1%
2010 35.1% 9.51% 48.2% 56.8%
2009 40.1% 8.92% 49.3% 47.9%
2008 37.3% 7.64% 46.3% 38.9%
2007 33.1% 12.8% 46.4% 37.1%
2006 27.8% 22.5% 44.6% 38.4%
2005 27.8% 25.4% 46.5% 40.9%
2004 27.1% 32.7% 49% 40%
2003 27% 38.2% 49.6% 37.8%
2002 32.5% 47.3% 49.2% 36.5%
2001 29.1% 50% 50.6% 36.6%
2000 26.4% 53.4% 54.6% 35.4%
1999 29.4% 69.7% 58.9% 30%
1998 28.7% 79.9% 56.8% 23.3%
1997 28.5% 79.6% 51.7% 22.5%
1996 26.9% 90.7% 52.1% -
1995 28.9% 95.9% 50.3% -
1994 30.9% 106.3% 45.4% -
1993 32.6% 76.8% 35.9% -
1992 28.2% 69.3% 37.1% -
1991 27.6% 86.1% - -
1990 23.3% 63.6% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1990–1997, retrieved 2026-07-08).

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

In 2025, Algeria's government spending was $104B, accounting for 36.2% of its GDP, while Croatia spent $51.8B, or 49.3% of GDP.

Debt-to-GDP ratio is 54.1% in Algeria and 55.9% in Croatia, ranking 94/185 and 87/185, respectively.

Government deficit by year

Deficit/surplus
Algeria

Croatia
1x
Year Deficit/surplus, % of GDP
Algeria Croatia
2025 -10.2% -2.89%
2024 -13.8% -1.95%
2023 -5.52% -0.79%
2022 -2.96% 0.14%
2021 -6.32% -2.57%
2020 -10.5% -7.24%
2019 -8.51% 2.32%
2018 -6.15% 0.22%
2017 -7.55% 0.81%
2016 -11.8% -1.04%
2015 -13.9% -3.53%
2014 -7.14% -5.19%
2013 -0.79% -5.51%
2012 -4.04% -5.46%
2011 -1.06% -7.51%
2010 -1.35% -6.45%
2009 -6.53% -7.15%
2008 7.79% -2.33%
2007 4.63% -2.27%
2006 12.9% -2%
2005 11.4% -3.24%
2004 6.36% -6.09%
2003 7.22% -5.03%
2002 0.21% -4.9%
2001 3.15% -4.79%
2000 8.91% -9.2%
1999 -1.83% -11.1%
1998 -3.52% -6.36%
1997 2.19% -4.93%
1996 2.7% -4.41%
1995 -1.3% -4.23%
1994 -4.05% -0.82%
1993 -7.79% -2.67%
1992 -1.05% -5.69%
1991 1.53% -
1990 3.35% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Algeria's government deficit, the difference between spending and revenue, was $29.1B, equivalent to 10.2% of GDP. This compares to Croatia's deficit of $3.04B, or 2.89% of GDP.

Over the past 34 years, Algeria recorded a fiscal deficit in 23 of those years, while Croatia ran a deficit in 30 years. On average, Algeria posted an annual deficit equal to 2.06% of GDP, compared to deficit of 3.94% of GDP for Croatia.

Inflation comparison by year

Inflation
Algeria

Croatia
1x
Year Consumer prices inflation
Algeria Croatia
2025 1.42% 3.69%
2024 4.05% 2.97%
2023 9.32% 7.94%
2022 9.27% 10.8%
2021 7.23% 2.55%
2020 2.42% 0.15%
2019 1.95% 0.77%
2018 4.27% 1.5%
2017 5.59% 1.13%
2016 6.4% -1.12%
2015 4.78% -0.46%
2014 2.92% -0.22%
2013 3.25% 2.22%
2012 8.89% 3.41%
2011 4.52% 2.27%
2010 3.91% 1.03%
2009 5.74% 2.38%
2008 4.86% 6.08%
2007 3.68% 2.9%
2006 2.31% 3.19%
2005 1.38% 3.32%
2004 3.96% 2.06%
2003 4.27% 1.77%
2002 1.42% 1.67%
2001 4.23% 3.78%
2000 0.34% 4.61%
1999 2.65% 4.02%
1998 4.95% 6.4%
1997 5.73% 4.17%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Algeria has recorded an average annual inflation rate of 4.33%, compared with 2.93% in Croatia. In 2025, inflation was 1.42% in Algeria and 3.69% in Croatia.

Top exports between countries

Algeria
Export category Export value
Raw materials & minerals $174M
Processed food, beverages & tobacco $692K
Textiles & consumer goods $29K
Raw agricultural goods $8K
Croatia
Export category Export value
Raw materials & minerals $22.9M
Wood & paper products $3.86M
Machinery & equipment $1.33M
Textiles & consumer goods $887K
Metals $568K
Miscellaneous $489K
Processed food, beverages & tobacco $63K
Chemicals & pharma $62K
Raw agricultural goods $55K

Balance of trade

Algeria Croatia
Current account balance
-$2.75B
2024
-$1.93B
2024
Current account balance ranking
151/190
2024
141/190
2024
Current account balance, % of GDP
-1.02%
2024
-2.08%
2024
Goods imports
$45.3B
2024
$42.5B
2024
Goods exports
$48.8B
2024
$21.9B
2024
Service imports
$9.13B
2024
$8.42B
2024
Service exports
$4.22B
2024
$24.8B
2024
Imports of goods and services, % of GDP
22.1%
2025
53%
2025
Exports of goods and services, % of GDP
16.8%
2025
48%
2025

Economic freedom indices

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

Algeria Croatia
Economic freedom 45.8 67.5
Economic freedom ranking 179/197 56/197
Property rights 27.7 81.1
Government integrity 29.4 52.6
Judicial effectiveness 30 71.7
Tax burden 80.3 70
Government spending 61.9 34.9
Fiscal health 15.4 92.2
Business freedom 59.3 79.6
Labor freedom 52.2 58.9
Monetary freedom 74.7 69.9
Trade freedom 58.8 79.4
Investment freedom 30 60
Financial freedom 30 60

Economic freedom comparison by year

Algeria
Croatia
1x
Year Economic freedom index
Algeria Croatia
2026 45.8 67.5
2025 47.5 68.7
2024 43.9 67.2
2023 43.2 66.4
2022 45.8 67.6
2021 49.7 63.6
2020 46.9 62.2
2019 46.2 61.4
2018 44.7 61
2017 46.5 59.4
2016 50.1 59.1
2015 48.9 61.5
2014 50.8 60.4
2013 49.6 61.3
2012 51 60.9
2011 52.4 61.1
2010 56.9 59.2
2009 56.6 55.1
2008 56.2 54.1
2007 55.4 53.4
2006 55.7 53.6
2005 53.2 51.9
2004 58.1 53.1
2003 57.7 53.3
2002 61 51.1
2001 57.3 50.7
2000 56.8 53.6
1999 57.2 53.1
1998 55.8 51.7
1997 54.9 46.7
1996 54.5 48
1995 55.7 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Algeria is 45.8, ranking 179/197, compared to 67.5 for Croatia, ranking 56/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Algeria Croatia
Services, % of GDP
45.7%
2025
60.9%
2025
Industry, % of GDP
34.8%
2025
19%
2025
Agriculture, forestry, and fishing, % of GDP
14.5%
2025
2.83%
2025
GNI, Atlas method
$278B
2025
$98.3B
2025
GNI per capita, PPP
$18,240
2025
$50,410
2025
Total reserves including gold
$72.5B
2025
$4.22B
2025
Total reserves ranking
38/177
2025
110/177
2025
Net foreign direct investment
-$1.23B
2024
-$1.74B
2024
Net inflows of foreign direct investment
$1.23B
2024
$4.54B
2024
Net outflows of foreign direct investment
$265K
2024
$2.79B
2024
Servicing debt to the IMF, % of GNI
0.17%
2024
n/a
Poverty at national poverty lines
5.5%
2011
20.3%
2024
Gross capital formation, % of GDP
45.3%
2025
24.6%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2017–2025, retrieved 2026-07-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1990–1997, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.