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Economy of Algeria vs El Salvador compared: GDP & Debt

Updated on by Georank team

Algeria has a GDP of $269B compared to $35.4B for El Salvador, ranking 51/197 and 105/197 by economy size, respectively.

Algeria has $129B in government debt (48.1% of GDP), compared to $30.9B (87.5% of GDP) in El Salvador.

Algeria vs El Salvador GDP by year

Algeria
El Salvador
1x
Year GDP, current $
Algeria El Salvador
2024 $269,322,281,665 $35,364,960,000
2023 $247,923,887,215 $33,853,940,000
2022 $225,581,644,703 $31,870,120,000
2021 $186,231,205,262 $29,043,140,000
2020 $164,873,415,325 $24,921,190,000
2019 $193,459,662,091 $26,881,140,000
2018 $194,554,483,656 $26,020,850,000
2017 $189,880,896,903 $24,979,190,000
2016 $180,763,839,522 $24,191,430,000
2015 $187,493,855,609 $23,438,240,000
2014 $238,942,664,193 $22,593,470,000
2013 $229,701,430,292 $21,990,960,000
2012 $227,143,746,076 $21,386,150,000
2011 $218,331,946,925 $20,283,780,000
2010 $177,785,053,940 $18,447,920,000
2009 $150,317,292,079 $17,601,620,000
2008 $180,383,848,331 $17,986,890,000
2007 $142,482,739,810 $17,011,750,000
2006 $123,084,258,693 $15,999,890,000
2005 $107,046,618,670 $14,698,000,000
2004 $91,913,680,985 $13,724,810,900
2003 $73,482,264,191 $13,243,892,200
2002 $61,516,103,406 $12,664,190,300
2001 $59,413,400,924 $12,282,533,600
2000 $54,790,398,570 $11,784,927,700
1999 $48,640,671,735 $11,284,197,000
1998 $48,187,781,984 $10,936,669,900
1997 $48,177,612,042 $10,221,705,900
1996 $46,941,554,225 $9,586,327,800
1995 $41,764,291,672 $8,921,947,100
1994 $42,543,176,829 $7,679,384,000
1993 $49,945,584,453 $6,680,269,200
1992 $48,003,133,347 $5,813,399,300
1991 $45,715,676,428 $5,252,342,400
1990 $62,048,507,531 $4,817,542,204
1989 $55,634,721,573 $4,372,215,300
1988 $59,089,396,860 $4,189,880,000
1987 $66,745,818,375 $3,958,045,800
1986 $63,692,007,897 $3,771,663,200
1985 $57,937,868,670 $3,800,368,600
1984 $53,698,548,293 $3,661,683,400
1983 $48,801,369,800 $3,506,347,800
1982 $45,207,167,470 $3,399,189,100
1981 $44,348,590,461 $3,437,200,200
1980 $42,345,829,079 $3,573,959,900
1979 $33,243,706,860 $3,463,639,900
1978 $26,364,491,313 $3,127,960,000
1977 $20,972,113,685 $2,941,640,100
1976 $17,728,240,932 $2,328,280,100
1975 $15,557,902,754 $1,884,120,100
1974 $13,209,871,626 $1,665,880,000
1973 $8,707,858,912 $1,442,320,000
1972 $6,766,743,957 $1,263,720,000
1971 $5,077,183,094 $1,186,120,000
1970 $4,863,526,897 $1,132,920,000
1969 $4,257,253,264 $1,049,400,000
1968 $3,852,147,027 $1,009,760,100
1967 $3,370,870,376 $976,200,000
1966 $3,039,859,187 $929,520,000
1965 $3,136,284,307 $877,720,000
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/el-salvador | CC BY

GDP per capita in Algeria vs El Salvador by year

Algeria
GDP per capita

GDP per capita, PPP
El Salvador
GDP per capita

GDP per capita, PPP
1x
Year Current $
Algeria El Salvador
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $5,753 $17,621 $5,580 $13,264
2023 $5,370 $16,824 $5,365 $12,680
2022 $4,960 $15,836 $5,075 $11,876
2021 $4,161 $14,497 $4,643 $10,810
2020 $3,744 $12,677 $3,997 $9,393
2019 $4,468 $13,893 $4,320 $9,757
2018 $4,577 $13,727 $4,184 $9,204
2017 $4,555 $13,494 $4,020 $8,965
2016 $4,425 $13,438 $3,901 $8,456
2015 $4,685 $13,807 $3,790 $7,934
2014 $6,095 $14,694 $3,666 $7,504
2013 $5,980 $14,371 $3,582 $7,093
2012 $6,034 $14,441 $3,498 $6,708
2011 $5,916 $14,640 $3,331 $6,594
2010 $4,913 $14,201 $3,040 $6,248
2009 $4,235 $13,651 $2,910 $6,063
2008 $5,181 $13,666 $2,983 $6,175
2007 $4,167 $13,321 $2,831 $5,949
2006 $3,661 $12,791 $2,666 $5,695
2005 $3,233 $12,246 $2,447 $5,292
2004 $2,817 $11,432 $2,286 $4,998
2003 $2,284 $10,803 $2,208 $4,829
2002 $1,937 $10,080 $2,115 $4,672
2001 $1,896 $9,544 $2,058 $4,543
2000 $1,773 $9,187 $1,983 $4,422
1999 $1,596 $8,776 $1,908 $4,298
1998 $1,603 $8,503 $1,860 $4,171
1997 $1,629 $8,129 $1,749 $4,043
1996 $1,617 $8,053 $1,651 $3,880
1995 $1,467 $7,747 $1,548 $3,808
1994 $1,526 $7,463 $1,344 $3,591
1993 $1,831 $7,538 $1,180 $3,390
1992 $1,803 $7,705 $1,041 $3,171
1991 $1,759 $7,582 $956 $2,945
1990 $2,445 $7,602 $892 $2,856
1989 $2,247 - $825 -
1988 $2,451 - $806 -
1987 $2,847 - $777 -
1986 $2,800 - $755 -
1985 $2,633 - $776 -
1984 $2,524 - $763 -
1983 $2,374 - $745 -
1982 $2,275 - $735 -
1981 $2,307 - $752 -
1980 $2,276 - $787 -
1979 $1,843 - $773 -
1978 $1,506 - $712 -
1977 $1,232 - $684 -
1976 $1,080 - $553 -
1975 $992 - $457 -
1974 $873 - $413 -
1973 $590 - $366 -
1972 $469 - $329 -
1971 $360 - $316 -
1970 $353 - $309 -
1969 $316 - $293.4 -
1968 $292.4 - $290.1 -
1967 $261.8 - $288.4 -
1966 $241.4 - $282.4 -
1965 $253.6 - $274.3 -
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/el-salvador | CC BY

Algeria's GDP per capita is $5,753, ranking 114/197, compared to $5,580 in El Salvador, ranking 116/197. Adjusted for purchasing power (GDP per capita PPP), Algeria ranks 105th at $17,621, while El Salvador ranks 120th at $13,264.

Economic indicators

Algeria El Salvador
Gross domestic product
$269B
2024
$35.4B
2024
GDP rank
51/197
2024
105/197
2024
GDP growth
3.7%
2023-2024
2.6%
2023-2024
GDP per capita
$5,753
2024
$5,580
2024
GDP per capita rank
114/197
2024
116/197
2024
GDP per capita, PPP
$17,621
2024
$13,264
2024
GDP per capita PPP rank
105/197
2024
120/197
2024
Government debt
$129B
2024
$30.9B
2024
Debt-to-GDP ratio
48.1%
2024
87.5%
2024
Government debt per person
$2,765
2024
$4,883
2024
Government debt per person rank
106/185
2024
81/185
2024
Average annual personal income after taxes
$3,787
2026
$4,768
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
29.7%
2023
Income share by poorest 10%
4%
2011
1.9%
2023
Government expenditure, % of GDP
36.8%
2024
31.4%
2024
Consumer prices inflation
4.05%
2023-2024
0.85%
2023-2024
Central bank interest rate
3%
2020
n/a
Unemployment rate
12%
2017
2.71%
2024
Population
48222325
6399793

Spending and national debt comparison by year

Algeria
Spending

Debt
El Salvador
Spending

Debt
1x
Year % of GDP
Algeria El Salvador
Government spending Government debt Government spending Government debt
2024 36.8% 48.1% 31.4% 87.5%
2023 37.4% 47.7% 30.5% 85.1%
2022 32.7% 48.1% 28.7% 83.7%
2021 32.5% 55.1% 31.1% 88%
2020 37.5% 46% 32.7% 95.4%
2019 37.1% 40.9% 27.8% 77.9%
2018 36.2% 34.5% 27.6% 77%
2017 36.2% 24% 28.1% 77.1%
2016 37.2% 18.1% 27.5% 75.2%
2015 40.9% 7.73% 27.1% 73.5%
2014 36.9% 6.85% 27.6% 71.8%
2013 33.5% 6.48% 28.5% 69.7%
2012 40% 8.58% 27.4% 70%
2011 37.7% 8.48% 25.3% 65.6%
2010 35.1% 9.51% 25.6% 66.8%
2009 40.1% 8.92% 26% 65.8%
2008 37.3% 7.64% 24.5% 54.2%
2007 33.1% 12.8% 22.8% 52.2%
2006 27.8% 22.5% 23.4% 52.6%
2005 27.8% 25.4% 22.4% 46.3%
2004 27.1% 32.7% 21.5% 46.8%
2003 27% 38.2% 22.6% 46%
2002 32.5% 47.3% 22.5% 43.8%
2001 29.1% 50% 21.7% 37.8%
2000 26.4% 53.4% 21% 29.6%
1999 29.4% 69.7% 19.7% 28%
1998 28.7% 79.9% 19.3% 25.7%
1997 28.5% 79.6% 18.6% 27.8%
1996 26.9% 90.7% 21% 28.5%
1995 28.9% 95.9% 18.6% 28%
1994 30.9% 106.3% 18.9% 30.5%
1993 32.6% 76.8% 18.5% 31.9%
1992 28.2% 69.3% 20.8% 36.4%
1991 27.6% 86.1% 18.5% 43.3%
1990 23.3% 63.6% 15.9% -

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/el-salvador | CC BY

In 2024, Algeria's government spending was $99.1B, accounting for 36.8% of its GDP, while El Salvador spent $11.1B, or 31.4% of GDP.

Debt-to-GDP ratio is 48.1% in Algeria and 87.5% in El Salvador, ranking 113/185 and 36/185, respectively.

Government deficit by year

Deficit/surplus
Algeria

El Salvador
1x
Year Deficit/surplus, % of GDP
Algeria El Salvador
2024 -13.8% -4.55%
2023 -5.52% -4.69%
2022 -2.96% -2.68%
2021 -6.32% -5.53%
2020 -10.5% -8.18%
2019 -8.51% -3.07%
2018 -6.15% -2.71%
2017 -7.55% -2.53%
2016 -11.8% -3.1%
2015 -13.9% -3.63%
2014 -7.14% -4.02%
2013 -0.79% -4.46%
2012 -4.04% -3.81%
2011 -1.06% -4.47%
2010 -1.35% -4.97%
2009 -6.53% -6.65%
2008 7.79% -3.8%
2007 4.63% -2.32%
2006 12.9% -3.42%
2005 11.4% -3.47%
2004 6.36% -2.76%
2003 7.22% -4.23%
2002 0.21% -5.5%
2001 3.15% -4.95%
2000 8.91% -3.45%
1999 -1.83% -3.08%
1998 -3.52% -2.94%
1997 2.19% -1.97%
1996 2.7% -2.7%
1995 -1.3% -0.18%
1994 -4.05% -0.94%
1993 -7.79% -1.42%
1992 -1.05% -4.29%
1991 1.53% -2.3%
1990 3.35% -0.61%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/algeria/el-salvador | 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 El Salvador's deficit of $1.61B, or 4.55% of GDP.

Over the past 35 years, Algeria recorded a fiscal deficit in 22 of those years, while El Salvador ran a deficit in 35 years. On average, Algeria posted an annual deficit equal to 1.58% of GDP, compared to deficit of 3.52% of GDP for El Salvador.

Inflation comparison by year

Inflation
Algeria

El Salvador
1x
Year Consumer prices inflation
Algeria El Salvador
2024 4.05% 0.85%
2023 9.32% 4.05%
2022 9.27% 7.2%
2021 7.23% 3.47%
2020 2.42% -0.37%
2019 1.95% 0.08%
2018 4.27% 1.09%
2017 5.59% 1.01%
2016 6.4% 0.6%
2015 4.78% -0.73%
2014 2.92% 1.14%
2013 3.25% 0.76%
2012 8.89% 1.73%
2011 4.52% 5.13%
2010 3.91% 1.18%
2009 5.74% 1.06%
2008 4.86% 6.71%
2007 3.68% 4.58%
2006 2.31% 4.04%
2005 1.38% 4.69%
2004 3.96% 4.45%
2003 4.27% 2.12%
2002 1.42% 1.87%
2001 4.23% 3.75%
2000 0.34% 2.27%
1999 2.65% 0.51%
1998 4.95% 2.55%
1997 5.73% 4.49%

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

GeoRank.org/economy/algeria/el-salvador | CC BY

Over the past 28 years, Algeria has recorded an average annual inflation rate of 4.44%, compared with 2.51% in El Salvador. In 2024, inflation was 4.05% in Algeria and 0.85% in El Salvador.

Top exports between countries

Algeria
Export category Export value
El Salvador
Export category Export value
Chemicals & pharma $827K

Balance of trade

Algeria El Salvador
Current account balance
-$2.75B
2024
-$633M
2024
Current account balance ranking
154/190
2024
110/190
2024
Current account balance, % of GDP
-1.02%
2024
-1.79%
2024
Goods imports
$45.3B
2024
$15.1B
2024
Goods exports
$48.8B
2024
$5.59B
2024
Service imports
$9.13B
2024
$3.26B
2024
Service exports
$4.22B
2024
$6B
2024
Imports of goods and services, % of GDP
20.3%
2024
51.9%
2024
Exports of goods and services, % of GDP
19.9%
2024
32.8%
2024

Economic freedom indices

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

Algeria El Salvador
Economic freedom 45.8 57.7
Economic freedom ranking 179/197 114/197
Property rights 27.7 42.7
Government integrity 29.4 31.5
Judicial effectiveness 30 15.3
Tax burden 80.3 76.8
Government spending 61.9 72.7
Fiscal health 15.4 59.4
Business freedom 59.3 65.7
Labor freedom 52.2 51.6
Monetary freedom 74.7 70.6
Trade freedom 58.8 76.4
Investment freedom 30 70
Financial freedom 30 60

Economic freedom comparison by year

Algeria
El Salvador
1x
Year Economic freedom index
Algeria El Salvador
2026 45.8 57.7
2025 47.5 56.6
2024 43.9 54.4
2023 43.2 56
2022 45.8 59.6
2021 49.7 61
2020 46.9 61.6
2019 46.2 61.8
2018 44.7 63.2
2017 46.5 64.1
2016 50.1 65.1
2015 48.9 65.7
2014 50.8 66.2
2013 49.6 66.7
2012 51 68.7
2011 52.4 68.8
2010 56.9 69.9
2009 56.6 69.8
2008 56.2 68.5
2007 55.4 68.9
2006 55.7 69.6
2005 53.2 71.5
2004 58.1 71.2
2003 57.7 71.5
2002 61 73
2001 57.3 73
2000 56.8 76.3
1999 57.2 75.1
1998 55.8 70.2
1997 54.9 70.5
1996 54.5 70.1
1995 55.7 69.1

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

GeoRank.org/economy/algeria/el-salvador | CC BY

The Economic Freedom Index for Algeria is 45.8, ranking 179/197, compared to 57.7 for El Salvador, ranking 114/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Algeria El Salvador
Services, % of GDP
46.8%
2024
61%
2024
Industry, % of GDP
36.2%
2024
22.4%
2024
Agriculture, forestry, and fishing, % of GDP
14%
2024
4.38%
2024
GNI, Atlas method
$252B
2024
$32.5B
2024
GNI per capita, PPP
$17,290
2024
$12,420
2024
Total reserves including gold
$83B
2024
$3.7B
2024
Total reserves ranking
31/177
2024
110/177
2024
Net foreign direct investment
-$1.23B
2024
-$636M
2024
Net inflows of foreign direct investment
$1.23B
2024
$924M
2024
Net outflows of foreign direct investment
$265K
2024
$288M
2024
Servicing debt to the IMF, % of GNI
0.17%
2024
35%
2024
Poverty at national poverty lines
5.5%
2011
27.2%
2023
Gross capital formation, % of GDP
41.1%
2024
20.3%
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/el-salvador | 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. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  6. LivingCost (2026, retrieved 2025-10-14)
  7. International Monetary Fund (IMF) | Public Finances in Modern History (1990, retrieved 2026-02-20)
  8. TradeMap (2024, retrieved 2026-02-08)

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.