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Economy of Algeria vs Ecuador compared: GDP & Debt

Updated on by Georank team

Algeria has a GDP of $269B compared to $125B for Ecuador, ranking 51/197 and 62/197 by economy size, respectively.

Algeria has $129B in government debt (48.1% of GDP), compared to $67B (53.8% of GDP) in Ecuador.

Algeria vs Ecuador GDP by year

Algeria
Ecuador
1x
Year GDP, current $
Algeria Ecuador
2024 $269,322,281,665 $124,676,074,700
2023 $247,923,887,215 $121,147,057,000
2022 $225,581,644,703 $116,133,121,000
2021 $186,231,205,262 $107,179,074,000
2020 $164,873,415,325 $95,865,473,000
2019 $193,459,662,091 $107,595,830,000
2018 $194,554,483,656 $107,478,961,000
2017 $189,880,896,903 $104,467,486,000
2016 $180,763,839,522 $97,671,433,000
2015 $187,493,855,609 $97,209,558,000
2014 $238,942,664,193 $102,717,794,000
2013 $229,701,430,292 $96,570,334,000
2012 $227,143,746,076 $87,735,048,000
2011 $218,331,946,925 $78,986,648,000
2010 $177,785,053,940 $68,151,329,000
2009 $150,317,292,079 $60,094,978,000
2008 $180,383,848,331 $61,139,438,000
2007 $142,482,739,810 $49,848,725,000
2006 $123,084,258,693 $45,690,762,000
2005 $107,046,618,670 $40,278,849,000
2004 $91,913,680,985 $35,194,947,000
2003 $73,482,264,191 $30,965,208,000
2002 $61,516,103,406 $27,054,197,000
2001 $59,413,400,924 $23,127,055,000
2000 $54,790,398,570 $17,539,454,727
1999 $48,640,671,735 $19,645,272,636
1998 $48,187,781,984 $27,981,896,948
1997 $48,177,612,042 $28,162,053,027
1996 $46,941,554,225 $25,226,393,197
1995 $41,764,291,672 $24,432,884,442
1994 $42,543,176,829 $22,708,673,337
1993 $49,945,584,453 $18,938,717,359
1992 $48,003,133,347 $18,094,238,119
1991 $45,715,676,428 $16,988,535,268
1990 $62,048,507,531 $15,239,272,612
1989 $55,634,721,573 $13,890,823,705
1988 $59,089,396,860 $13,051,881,851
1987 $66,745,818,375 $13,945,426,859
1986 $63,692,007,897 $15,314,138,472
1985 $57,937,868,670 $17,149,088,413
1984 $53,698,548,293 $16,912,509,092
1983 $48,801,369,800 $17,152,477,037
1982 $45,207,167,470 $19,929,846,396
1981 $44,348,590,461 $21,810,759,354
1980 $42,345,829,079 $17,881,508,242
1979 $33,243,706,860 $14,175,160,902
1978 $26,364,491,313 $11,922,497,876
1977 $20,972,113,685 $11,026,342,618
1976 $17,728,240,932 $9,091,921,030
1975 $15,557,902,754 $7,731,674,472
1974 $13,209,871,626 $6,599,257,044
1973 $8,707,858,912 $3,891,754,150
1972 $6,766,743,957 $3,185,986,087
1971 $5,077,183,094 $2,754,219,271
1970 $4,863,526,897 $2,862,503,139
1969 $4,257,253,264 $3,112,165,727
1968 $3,852,147,027 $2,582,179,864
1967 $3,370,870,376 $2,553,595,172
1966 $3,039,859,187 $2,429,308,639
1965 $3,136,284,307 $2,387,047,396
1964 $2,909,316,435 $2,244,146,103
1963 $2,702,982,018 $1,824,343,871
1962 $2,001,444,544 $1,518,207,703
1961 $2,434,747,056 $1,753,850,955
1960 $2,723,615,451 $2,069,464,937

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

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

GDP per capita in Algeria vs Ecuador by year

Algeria
GDP per capita

GDP per capita, PPP
Ecuador
GDP per capita

GDP per capita, PPP
1x
Year Current $
Algeria Ecuador
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $5,753 $17,621 $6,875 $15,840
2023 $5,370 $16,824 $6,738 $15,919
2022 $4,960 $15,836 $6,516 $15,198
2021 $4,161 $14,497 $6,061 $13,507
2020 $3,744 $12,677 $5,464 $11,527
2019 $4,468 $13,893 $6,205 $12,543
2018 $4,577 $13,727 $6,304 $12,187
2017 $4,555 $13,494 $6,233 $11,793
2016 $4,425 $13,438 $5,918 $10,881
2015 $4,685 $13,807 $5,976 $10,878
2014 $6,095 $14,694 $6,406 $11,836
2013 $5,980 $14,371 $6,109 $11,296
2012 $6,034 $14,441 $5,634 $10,245
2011 $5,916 $14,640 $5,154 $9,769
2010 $4,913 $14,201 $4,520 $8,969
2009 $4,235 $13,651 $4,053 $8,662
2008 $5,181 $13,666 $4,195 $8,663
2007 $4,167 $13,321 $3,479 $8,112
2006 $3,661 $12,791 $3,244 $7,885
2005 $3,233 $12,246 $2,909 $7,457
2004 $2,817 $11,432 $2,586 $6,980
2003 $2,284 $10,803 $2,316 $6,475
2002 $1,937 $10,080 $2,059 $6,282
2001 $1,896 $9,544 $1,791 $5,999
2000 $1,773 $9,187 $1,382 $5,728
1999 $1,596 $8,776 $1,575 $5,638
1998 $1,603 $8,503 $2,284 $5,940
1997 $1,629 $8,129 $2,341 $5,793
1996 $1,617 $8,053 $2,136 $5,560
1995 $1,467 $7,747 $2,108 $5,469
1994 $1,526 $7,463 $1,997 $5,339
1993 $1,831 $7,538 $1,698 $5,112
1992 $1,803 $7,705 $1,655 $4,998
1991 $1,759 $7,582 $1,587 $4,887
1990 $2,445 $7,602 $1,455 $4,632
1989 $2,247 - $1,356 -
1988 $2,451 - $1,304 -
1987 $2,847 - $1,426 -
1986 $2,800 - $1,604 -
1985 $2,633 - $1,842 -
1984 $2,524 - $1,864 -
1983 $2,374 - $1,940 -
1982 $2,275 - $2,314 -
1981 $2,307 - $2,601 -
1980 $2,276 - $2,190 -
1979 $1,843 - $1,783 -
1978 $1,506 - $1,541 -
1977 $1,232 - $1,465 -
1976 $1,080 - $1,242 -
1975 $992 - $1,086 -
1974 $873 - $954 -
1973 $590 - $579 -
1972 $469 - $488 -
1971 $360 - $434 -
1970 $353 - $465 -
1969 $316 - $521 -
1968 $292.4 - $445 -
1967 $261.8 - $454 -
1966 $241.4 - $445 -
1965 $253.6 - $450 -
1964 $238.9 - $436 -
1963 $225.6 - $365 -
1962 $169.6 - $312 -
1961 $209.4 - $371 -
1960 $238.4 - $451 -

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

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

Algeria's GDP per capita is $5,753, ranking 114/197, compared to $6,875 in Ecuador, ranking 103/197. Adjusted for purchasing power (GDP per capita PPP), Algeria ranks 105th at $17,621, while Ecuador ranks 110th at $15,840.

Economic indicators

Algeria Ecuador
Gross domestic product
$269B
2024
$125B
2024
GDP rank
51/197
2024
62/197
2024
GDP growth
3.7%
2023-2024
-2%
2023-2024
GDP per capita
$5,753
2024
$6,875
2024
GDP per capita rank
114/197
2024
103/197
2024
GDP per capita, PPP
$17,621
2024
$15,840
2024
GDP per capita PPP rank
105/197
2024
110/197
2024
Government debt
$129B
2024
$67B
2024
Debt-to-GDP ratio
48.1%
2024
53.8%
2024
Government debt per person
$2,765
2024
$3,695
2024
Government debt per person rank
106/185
2024
93/185
2024
Average annual personal income after taxes
$3,787
2026
$5,894
2026
Market capitalization of domestic companies
$371M
2018
$747M
2000
Number of billionaires
1
2025
n/a
Income share by richest 10%
22.9%
2011
33.4%
2024
Income share by poorest 10%
4%
2011
1.5%
2024
Government expenditure, % of GDP
36.8%
2024
38.1%
2024
Consumer prices inflation
4.05%
2023-2024
1.55%
2023-2024
Central bank interest rate
3%
2020
n/a
Unemployment rate
12%
2017
3.39%
2024
Population
48222325
18487749

Spending and national debt comparison by year

Algeria
Spending

Debt
Ecuador
Spending

Debt
1x
Year % of GDP
Algeria Ecuador
Government spending Government debt Government spending Government debt
2024 36.8% 48.1% 38.1% 53.8%
2023 37.4% 47.7% 39.5% 54.3%
2022 32.7% 48.1% 38.9% 57.2%
2021 32.5% 55.1% 37.5% 61.8%
2020 37.5% 46% 40.2% 63.6%
2019 37.1% 40.9% 39.8% 52.1%
2018 36.2% 34.5% 40.9% 49.5%
2017 36.2% 24% 40.5% 47.4%
2016 37.2% 18.1% 44.1% 46.1%
2015 40.9% 7.73% 44.1% 36.4%
2014 36.9% 6.85% 45.9% 28.2%
2013 33.5% 6.48% 46.7% 23.4%
2012 40% 8.58% 43.2% 19.3%
2011 37.7% 8.48% 39.6% 18.6%
2010 35.1% 9.51% 35.4% 18.4%
2009 40.1% 8.92% 34.3% 19.7%
2008 37.3% 7.64% 35.6% 24.9%
2007 33.1% 12.8% 24.7% 29.6%
2006 27.8% 22.5% 21.7% 33.1%
2005 27.8% 25.4% 22% 35.8%
2004 27.1% 32.7% 21.3% 40.2%
2003 27% 38.2% 21.3% 47.2%
2002 32.5% 47.3% 22.8% 55%
2001 29.1% 50% 21.4% 63.8%
2000 26.4% 53.4% 24.3% 92.2%
1999 29.4% 69.7% 24.1% 105.2%
1998 28.7% 79.9% 21.5% 70.3%
1997 28.5% 79.6% 22% 61.5%
1996 26.9% 90.7% 22.7% 69.3%
1995 28.9% 95.9% 22% 70.5%
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 (1990–2000, retrieved 2026-02-20).

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

In 2024, Algeria's government spending was $99.1B, accounting for 36.8% of its GDP, while Ecuador spent $47.5B, or 38.1% of GDP.

Debt-to-GDP ratio is 48.1% in Algeria and 53.8% in Ecuador, ranking 113/185 and 98/185, respectively.

Government deficit by year

Deficit/surplus
Algeria

Ecuador
1x
Year Deficit/surplus, % of GDP
Algeria Ecuador
2024 -13.8% -1.28%
2023 -5.52% -3.48%
2022 -2.96% 0.04%
2021 -6.32% -1.59%
2020 -10.5% -7.38%
2019 -8.51% -3.47%
2018 -6.15% -2.8%
2017 -7.55% -5.77%
2016 -11.8% -10.3%
2015 -13.9% -6.87%
2014 -7.14% -8.11%
2013 -0.79% -8.17%
2012 -4.04% -2.83%
2011 -1.06% -0.13%
2010 -1.35% -1.39%
2009 -6.53% -3.71%
2008 7.79% 0.57%
2007 4.63% 2.66%
2006 12.9% 2.92%
2005 11.4% 0.66%
2004 6.36% 1.94%
2003 7.22% 1.05%
2002 0.21% 0.74%
2001 3.15% 0.03%
2000 8.91% -0.32%
1999 -1.83% -4.82%
1998 -3.52% -5.1%
1997 2.19% -2.83%
1996 2.7% -3.44%
1995 -1.3% -2.02%
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/ecuador | 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 Ecuador's deficit of $1.59B, or 1.28% of GDP.

Over the past 30 years, Algeria recorded a fiscal deficit in 19 of those years, while Ecuador ran a deficit in 21 years. On average, Algeria posted an annual deficit equal to 1.57% of GDP, compared to deficit of 2.51% of GDP for Ecuador.

Inflation comparison by year

Inflation
Algeria

Ecuador
1x
Year Consumer prices inflation
Algeria Ecuador
2024 4.05% 1.55%
2023 9.32% 2.22%
2022 9.27% 3.47%
2021 7.23% 0.13%
2020 2.42% -0.34%
2019 1.95% 0.27%
2018 4.27% -0.22%
2017 5.59% 0.42%
2016 6.4% 1.73%
2015 4.78% 3.97%
2014 2.92% 3.59%
2013 3.25% 2.72%
2012 8.89% 5.1%
2011 4.52% 4.47%
2010 3.91% 3.55%
2009 5.74% 5.16%
2008 4.86% 8.4%
2007 3.68% 2.28%
2006 2.31% 3.3%
2005 1.38% 2.17%
2004 3.96% 2.74%
2003 4.27% 7.93%
2002 1.42% 12.5%
2001 4.23% 37.7%
2000 0.34% 96.1%
1999 2.65% 52.2%
1998 4.95% 36.1%
1997 5.73% 30.7%

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

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

Over the past 28 years, Algeria has recorded an average annual inflation rate of 4.44%, compared with 11.8% in Ecuador. In 2024, inflation was 4.05% in Algeria and 1.55% in Ecuador.

Top exports between countries

Algeria
Export category Export value
Machinery & equipment $14K
Textiles & consumer goods $2K
Metals $1K
Ecuador
Export category Export value
Raw agricultural goods $131M
Processed food, beverages & tobacco $7.13M
Animal & marine products $134K
Metals $42K
Machinery & equipment $41K
Raw materials & minerals $27K
Wood & paper products $8K
Chemicals & pharma $7K
Textiles & consumer goods $3K

Balance of trade

Algeria Ecuador
Current account balance
-$2.75B
2024
$7.06B
2024
Current account balance ranking
154/190
2024
27/190
2024
Current account balance, % of GDP
-1.02%
2024
+5.66%
2024
Goods imports
$45.3B
2024
$27.9B
2024
Goods exports
$48.8B
2024
$34.7B
2024
Service imports
$9.13B
2024
$6.18B
2024
Service exports
$4.22B
2024
$3.86B
2024
Imports of goods and services, % of GDP
20.3%
2024
26.9%
2024
Exports of goods and services, % of GDP
19.9%
2024
30.3%
2024

Economic freedom indices

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

Algeria Ecuador
Economic freedom 45.8 55.6
Economic freedom ranking 179/197 127/197
Property rights 27.7 33.2
Government integrity 29.4 33
Judicial effectiveness 30 48.1
Tax burden 80.3 74.2
Government spending 61.9 54.9
Fiscal health 15.4 90.3
Business freedom 59.3 64.3
Labor freedom 52.2 56.9
Monetary freedom 74.7 76.3
Trade freedom 58.8 66.4
Investment freedom 30 30
Financial freedom 30 40

Economic freedom comparison by year

Algeria
Ecuador
1x
Year Economic freedom index
Algeria Ecuador
2026 45.8 55.6
2025 47.5 55.8
2024 43.9 55
2023 43.2 55
2022 45.8 54.3
2021 49.7 52.4
2020 46.9 51.3
2019 46.2 46.9
2018 44.7 48.5
2017 46.5 49.3
2016 50.1 48.6
2015 48.9 49.2
2014 50.8 48
2013 49.6 46.9
2012 51 48.3
2011 52.4 47.1
2010 56.9 49.3
2009 56.6 52.5
2008 56.2 55.2
2007 55.4 55.3
2006 55.7 54.6
2005 53.2 52.9
2004 58.1 54.4
2003 57.7 54.1
2002 61 53.1
2001 57.3 55.1
2000 56.8 59.8
1999 57.2 62.9
1998 55.8 62.8
1997 54.9 61
1996 54.5 60.1
1995 55.7 57.7

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

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

The Economic Freedom Index for Algeria is 45.8, ranking 179/197, compared to 55.6 for Ecuador, ranking 127/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Algeria Ecuador
Services, % of GDP
46.8%
2024
57.2%
2024
Industry, % of GDP
36.2%
2024
26.5%
2024
Agriculture, forestry, and fishing, % of GDP
14%
2024
9.48%
2024
GNI, Atlas method
$252B
2024
$117B
2024
GNI per capita, PPP
$17,290
2024
$15,410
2024
Total reserves including gold
$83B
2024
$6.91B
2024
Total reserves ranking
31/177
2024
87/177
2024
Net foreign direct investment
-$1.23B
2024
-$438M
2024
Net inflows of foreign direct investment
$1.23B
2024
$443M
2024
Net outflows of foreign direct investment
$265K
2024
$0
2024
Servicing debt to the IMF, % of GNI
0.17%
2024
7%
2024
Poverty at national poverty lines
5.5%
2011
28%
2024
Gross capital formation, % of GDP
41.1%
2024
18.5%
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/ecuador | 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 (2017–2024, retrieved 2026-02-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1990–2000, retrieved 2026-02-20)
  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.