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Economy of Algeria vs Egypt compared: GDP & Debt

Updated on by Georank team

Algeria has a GDP of $269B compared to $389B for Egypt, ranking 51/197 and 41/197 by economy size, respectively.

Algeria has $129B in government debt (48.1% of GDP), compared to $354B (90.9% of GDP) in Egypt.

Algeria vs Egypt GDP by year

Algeria
Egypt
1x
Year GDP, current $
Algeria Egypt
2024 $269,322,281,665 $389,059,911,004
2023 $247,923,887,215 $395,926,075,163
2022 $225,581,644,703 $476,747,720,365
2021 $186,231,205,262 $424,671,765,456
2020 $164,873,415,325 $383,817,841,547
2019 $193,459,662,091 $318,678,815,490
2018 $194,554,483,656 $262,588,632,527
2017 $189,880,896,903 $248,362,771,739
2016 $180,763,839,522 $332,441,717,791
2015 $187,493,855,609 $329,366,576,819
2014 $238,942,664,193 $305,595,408,895
2013 $229,701,430,292 $288,434,108,527
2012 $227,143,746,076 $279,116,666,667
2011 $218,331,946,925 $235,989,672,978
2010 $177,785,053,940 $218,983,666,062
2009 $150,317,292,079 $189,147,005,445
2008 $180,383,848,331 $162,818,181,818
2007 $142,482,739,810 $130,437,828,371
2006 $123,084,258,693 $107,426,086,957
2005 $107,046,618,670 $89,660,339,660
2004 $91,913,680,985 $78,782,467,532
2003 $73,482,264,191 $80,288,461,538
2002 $61,516,103,406 $85,146,067,416
2001 $59,413,400,924 $96,684,636,119
2000 $54,790,398,570 $99,838,543,960
1999 $48,640,671,735 $90,710,704,807
1998 $48,187,781,984 $84,828,807,556
1997 $48,177,612,042 $78,436,578,171
1996 $46,941,554,225 $67,629,716,981
1995 $41,764,291,672 $60,159,245,060
1994 $42,543,176,829 $51,897,983,393
1993 $49,945,584,453 $46,578,631,453
1992 $48,003,133,347 $41,855,986,519
1991 $45,715,676,428 $37,387,836,491
1990 $62,048,507,531 $42,978,914,311
1989 $55,634,721,573 $39,756,299,050
1988 $59,089,396,860 $34,980,124,929
1987 $66,745,818,375 $40,455,616,654
1986 $63,692,007,897 $41,253,507,951
1985 $57,937,868,670 $39,053,502,251
1984 $53,698,548,293 $33,971,188,992
1983 $48,801,369,800 $30,966,239,814
1982 $45,207,167,470 $27,655,172,414
1981 $44,348,590,461 $22,136,081,081
1980 $42,345,829,079 $21,669,908,176
1979 $33,243,706,860 $18,020,571,429
1978 $26,364,491,313 $14,811,704,063
1977 $20,972,113,685 $14,400,806,876
1976 $17,728,240,932 $13,315,988,083
1975 $15,557,902,754 $11,632,178,869
1974 $13,209,871,626 $9,228,963,225
1973 $8,707,858,912 $10,098,534,613
1972 $6,766,743,957 $9,299,638,056
1971 $5,077,183,094 $8,609,283,346
1970 $4,863,526,897 $8,042,200,452
1969 $4,257,253,264 $6,524,455,206
1968 $3,852,147,027 $5,932,242,991
1967 $3,370,870,376 $5,605,484,299
1966 $3,039,859,187 $5,278,005,612
1965 $3,136,284,307 $4,948,667,540
1964 $2,909,316,435 $4,709,245,762
1963 $2,702,982,018 $4,187,146,232
1962 $2,001,444,544 $4,035,462,027
1961 $2,434,747,056 $4,494,575,611
1960 $2,723,615,451 $4,206,270,352

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

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

GDP per capita in Algeria vs Egypt by year

Algeria
GDP per capita

GDP per capita, PPP
Egypt
GDP per capita

GDP per capita, PPP
1x
Year Current $
Algeria Egypt
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $5,753 $17,621 $3,338 $19,094
2023 $5,370 $16,824 $3,457 $18,525
2022 $4,960 $15,836 $4,233 $17,527
2021 $4,161 $14,497 $3,827 $15,579
2020 $3,744 $12,677 $3,511 $15,232
2019 $4,468 $13,893 $2,963 $13,364
2018 $4,577 $13,727 $2,485 $12,329
2017 $4,555 $13,494 $2,395 $11,125
2016 $4,425 $13,438 $3,271 $10,666
2015 $4,685 $13,807 $3,307 $10,903
2014 $6,095 $14,694 $3,133 $10,256
2013 $5,980 $14,371 $3,026 $10,511
2012 $6,034 $14,441 $2,996 $10,342
2011 $5,916 $14,640 $2,591 $8,988
2010 $4,913 $14,201 $2,455 $8,838
2009 $4,235 $13,651 $2,162 $8,465
2008 $5,181 $13,666 $1,896 $8,191
2007 $4,167 $13,321 $1,548 $7,641
2006 $3,661 $12,791 $1,299 $7,079
2005 $3,233 $12,246 $1,106 $6,554
2004 $2,817 $11,432 $991 $6,207
2003 $2,284 $10,803 $1,031 $5,928
2002 $1,937 $10,080 $1,117 $5,753
2001 $1,896 $9,544 $1,295 $5,650
2000 $1,773 $9,187 $1,366 $5,452
1999 $1,596 $8,776 $1,268 $5,121
1998 $1,603 $8,503 $1,213 $4,869
1997 $1,629 $8,129 $1,146 $4,661
1996 $1,617 $8,053 $1,009 $4,434
1995 $1,467 $7,747 $916 $4,235
1994 $1,526 $7,463 $807 $4,048
1993 $1,831 $7,538 $740 $3,895
1992 $1,803 $7,705 $681 $3,784
1991 $1,759 $7,582 $623 $3,627
1990 $2,445 $7,602 $736 $3,566
1989 $2,247 - $701 -
1988 $2,451 - $634 -
1987 $2,847 - $754 -
1986 $2,800 - $790 -
1985 $2,633 - $770 -
1984 $2,524 - $690 -
1983 $2,374 - $648 -
1982 $2,275 - $596 -
1981 $2,307 - $490 -
1980 $2,276 - $493 -
1979 $1,843 - $421 -
1978 $1,506 - $355 -
1977 $1,232 - $353 -
1976 $1,080 - $335 -
1975 $992 - $299.2 -
1974 $873 - $243.1 -
1973 $590 - $272.2 -
1972 $469 - $256.5 -
1971 $360 - $243 -
1970 $353 - $232.3 -
1969 $316 - $193 -
1968 $292.4 - $179.8 -
1967 $261.8 - $174.1 -
1966 $241.4 - $168.1 -
1965 $253.6 - $161.6 -
1964 $238.9 - $157.7 -
1963 $225.6 - $143.9 -
1962 $169.6 - $142.4 -
1961 $209.4 - $162.8 -
1960 $238.4 - $156.4 -

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

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

Algeria's GDP per capita is $5,753, ranking 114/197, compared to $3,338 in Egypt, ranking 138/197. Adjusted for purchasing power (GDP per capita PPP), Algeria ranks 105th at $17,621, while Egypt ranks 99th at $19,094.

Economic indicators

Algeria Egypt
Gross domestic product
$269B
2024
$389B
2024
GDP rank
51/197
2024
41/197
2024
GDP growth
3.7%
2023-2024
2.4%
2023-2024
GDP per capita
$5,753
2024
$3,338
2024
GDP per capita rank
114/197
2024
138/197
2024
GDP per capita, PPP
$17,621
2024
$19,094
2024
GDP per capita PPP rank
105/197
2024
99/197
2024
Government debt
$129B
2024
$354B
2024
Debt-to-GDP ratio
48.1%
2024
90.9%
2024
Government debt per person
$2,765
2024
$3,036
2024
Government debt per person rank
106/185
2024
99/185
2024
Average annual personal income after taxes
$3,787
2026
$1,948
2026
Market capitalization of domestic companies
$371M
2018
$42.6B
2024
Number of billionaires
1
2025
5
2025
Income share by richest 10%
22.9%
2011
24.6%
2021
Income share by poorest 10%
4%
2011
4.2%
2021
Government expenditure, % of GDP
36.8%
2024
22.9%
2024
Consumer prices inflation
4.05%
2023-2024
28.3%
2023-2024
Central bank interest rate
3%
2020
21%
2025
Unemployment rate
12%
2017
5.95%
2024
Population
48222325
120697176

Spending and national debt comparison by year

Algeria
Spending

Debt
Egypt
Spending

Debt
1x
Year % of GDP
Algeria Egypt
Government spending Government debt Government spending Government debt
2024 36.8% 48.1% 22.9% 90.9%
2023 37.4% 47.7% 22.7% 95.9%
2022 32.7% 48.1% 24.9% 88.5%
2021 32.5% 55.1% 25.5% 89.9%
2020 37.5% 46% 25.7% 86.2%
2019 37.1% 40.9% 26.9% 80.1%
2018 36.2% 34.5% 28.6% 87.9%
2017 36.2% 24% 30.6% 97.8%
2016 37.2% 18.1% 31% 91.6%
2015 40.9% 7.73% 31.3% 83.8%
2014 36.9% 6.85% 33.9% 80.9%
2013 33.5% 6.48% 32.9% 79.8%
2012 40% 8.58% 29.2% 69.9%
2011 37.7% 8.48% 30.5% 72.8%
2010 35.1% 9.51% 31.4% 69.6%
2009 40.1% 8.92% 32.5% 69.5%
2008 37.3% 7.64% 32.7% 66.8%
2007 33.1% 12.8% 31.3% 76.3%
2006 27.8% 22.5% 34.5% 85.9%
2005 27.8% 25.4% 30.3% 98.3%
2004 27.1% 32.7% 30.1% 96.5%
2003 27% 38.2% 30.6% 97.1%
2002 32.5% 47.3% 30.9% 85.8%
2001 29.1% 50% 27.9% 79.1%
2000 26.4% 53.4% 26% 71.7%
1999 29.4% 69.7% 26.3% 72.4%
1998 28.7% 79.9% - 73.8%
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/egypt | CC BY

In 2024, Algeria's government spending was $99.1B, accounting for 36.8% of its GDP, while Egypt spent $89.2B, or 22.9% of GDP.

Debt-to-GDP ratio is 48.1% in Algeria and 90.9% in Egypt, ranking 113/185 and 31/185, respectively.

Government deficit by year

Deficit/surplus
Algeria

Egypt
1x
Year Deficit/surplus, % of GDP
Algeria Egypt
2024 -13.8% -7.12%
2023 -5.52% -5.77%
2022 -2.96% -5.74%
2021 -6.32% -6.96%
2020 -10.5% -7.47%
2019 -8.51% -7.6%
2018 -6.15% -8.97%
2017 -7.55% -9.9%
2016 -11.8% -11.8%
2015 -13.9% -10.4%
2014 -7.14% -10.7%
2013 -0.79% -12.3%
2012 -4.04% -9.47%
2011 -1.06% -9.6%
2010 -1.35% -7.45%
2009 -6.53% -6.2%
2008 7.79% -6.05%
2007 4.63% -4.9%
2006 12.9% -7.35%
2005 11.4% -6.69%
2004 6.36% -5.76%
2003 7.22% -5.73%
2002 0.21% -6.77%
2001 3.15% -1.07%
2000 8.91% 1.32%
1999 -1.83% 2.14%
1998 -3.52% -
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/egypt | 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 Egypt's deficit of $27.7B, or 7.12% of GDP.

Over the past 26 years, Algeria recorded a fiscal deficit in 17 of those years, while Egypt ran a deficit in 24 years. On average, Algeria posted an annual deficit equal to 1.82% of GDP, compared to deficit of 6.86% of GDP for Egypt.

Inflation comparison by year

Inflation
Algeria

Egypt
1x
Year Consumer prices inflation
Algeria Egypt
2024 4.05% 28.3%
2023 9.32% 33.9%
2022 9.27% 13.9%
2021 7.23% 5.21%
2020 2.42% 5.04%
2019 1.95% 9.15%
2018 4.27% 14.4%
2017 5.59% 29.5%
2016 6.4% 13.8%
2015 4.78% 10.4%
2014 2.92% 10.1%
2013 3.25% 9.47%
2012 8.89% 7.11%
2011 4.52% 10.1%
2010 3.91% 11.3%
2009 5.74% 11.8%
2008 4.86% 18.3%
2007 3.68% 9.32%
2006 2.31% 7.64%
2005 1.38% 4.87%
2004 3.96% 11.3%
2003 4.27% 4.51%
2002 1.42% 2.74%
2001 4.23% 2.27%
2000 0.34% 2.68%
1999 2.65% 3.08%
1998 4.95% 3.87%
1997 5.73% 4.63%

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

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

Over the past 28 years, Algeria has recorded an average annual inflation rate of 4.44%, compared with 10.7% in Egypt. In 2024, inflation was 4.05% in Algeria and 28.3% in Egypt.

Top exports between countries

Algeria
Export category Export value
Raw materials & minerals $452M
Metals $3.31M
Machinery & equipment $1.23M
Animal & marine products $119K
Textiles & consumer goods $118K
Wood & paper products $65K
Egypt
Export category Export value
Chemicals & pharma $249M
Textiles & consumer goods $235M
Metals $188M
Raw agricultural goods $126M
Raw materials & minerals $75.2M
Machinery & equipment $64.5M
Processed food, beverages & tobacco $40M
Wood & paper products $17.9M
Miscellaneous $124K
Animal & marine products $113K

Balance of trade

Algeria Egypt
Current account balance
-$2.75B
2024
-$22.3B
2024
Current account balance ranking
154/190
2024
184/190
2024
Current account balance, % of GDP
-1.02%
2024
-5.72%
2024
Goods imports
$45.3B
2024
$72.9B
2024
Goods exports
$48.8B
2024
$34.8B
2024
Service imports
$9.13B
2024
$27.5B
2024
Service exports
$4.22B
2024
$29.6B
2024
Imports of goods and services, % of GDP
20.3%
2024
23.2%
2024
Exports of goods and services, % of GDP
19.9%
2024
16.4%
2024

Economic freedom indices

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

Algeria Egypt
Economic freedom 45.8 50.3
Economic freedom ranking 179/197 160/197
Property rights 27.7 35.5
Government integrity 29.4 27.1
Judicial effectiveness 30 24
Tax burden 80.3 85.7
Government spending 61.9 83.4
Fiscal health 15.4 21.8
Business freedom 59.3 51.4
Labor freedom 52.2 43.1
Monetary freedom 74.7 56
Trade freedom 58.8 60.2
Investment freedom 30 65
Financial freedom 30 50

Economic freedom comparison by year

Algeria
Egypt
1x
Year Economic freedom index
Algeria Egypt
2026 45.8 50.3
2025 47.5 50.9
2024 43.9 49.7
2023 43.2 49.6
2022 45.8 49.1
2021 49.7 55.7
2020 46.9 54
2019 46.2 52.5
2018 44.7 53.4
2017 46.5 52.6
2016 50.1 56
2015 48.9 55.2
2014 50.8 52.9
2013 49.6 54.8
2012 51 57.9
2011 52.4 59.1
2010 56.9 59
2009 56.6 58
2008 56.2 58.5
2007 55.4 54.4
2006 55.7 53.2
2005 53.2 55.8
2004 58.1 55.5
2003 57.7 55.3
2002 61 54.1
2001 57.3 51.5
2000 56.8 51.7
1999 57.2 58
1998 55.8 55.8
1997 54.9 54.5
1996 54.5 52
1995 55.7 45.7

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

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

The Economic Freedom Index for Algeria is 45.8, ranking 179/197, compared to 50.3 for Egypt, ranking 160/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Algeria Egypt
Services, % of GDP
46.8%
2024
48.9%
2024
Industry, % of GDP
36.2%
2024
32.6%
2024
Agriculture, forestry, and fishing, % of GDP
14%
2024
13.7%
2024
GNI, Atlas method
$252B
2024
$409B
2024
GNI per capita, PPP
$17,290
2024
$18,230
2024
Total reserves including gold
$83B
2024
$44.9B
2024
Total reserves ranking
31/177
2024
44/177
2024
Net foreign direct investment
-$1.23B
2024
-$46.1B
2024
Net inflows of foreign direct investment
$1.23B
2024
$46.6B
2024
Net outflows of foreign direct investment
$265K
2024
$508M
2024
Servicing debt to the IMF, % of GNI
0.17%
2024
8.86%
2024
Poverty at national poverty lines
5.5%
2011
33.5%
2021
Gross capital formation, % of GDP
41.1%
2024
13%
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/egypt | 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. 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.