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Economy of Algeria vs Equatorial Guinea compared: GDP & Debt

Updated on by Georank team

Algeria has a GDP of $269B compared to $12.8B for Equatorial Guinea, ranking 51/197 and 148/197 by economy size, respectively.

Algeria has $129B in government debt (48.1% of GDP), compared to $4.65B (36.4% of GDP) in Equatorial Guinea.

Algeria vs Equatorial Guinea GDP by year

Algeria
Equatorial Guinea
1x
Year GDP, current $
Algeria Equatorial Guinea
2024 $269,322,281,665 $12,765,777,677
2023 $247,923,887,215 $12,337,550,584
2022 $225,581,644,703 $13,687,643,436
2021 $186,231,205,262 $12,215,878,033
2020 $164,873,415,325 $9,893,816,008
2019 $193,459,662,091 $11,364,133,550
2018 $194,554,483,656 $13,097,012,134
2017 $189,880,896,903 $12,200,913,879
2016 $180,763,839,522 $11,240,808,848
2015 $187,493,855,609 $13,185,496,881
2014 $238,942,664,193 $21,765,453,082
2013 $229,701,430,292 $21,948,834,284
2012 $227,143,746,076 $22,388,344,144
2011 $218,331,946,925 $21,357,343,669
2010 $177,785,053,940 $16,314,443,436
2009 $150,317,292,079 $15,027,795,173
2008 $180,383,848,331 $19,749,893,536
2007 $142,482,739,810 $13,071,718,759
2006 $123,084,258,693 $10,086,528,699
2005 $107,046,618,670 $8,217,369,093
2004 $91,913,680,985 $4,410,764,339
2003 $73,482,264,191 $2,484,745,935
2002 $61,516,103,406 $1,806,742,742
2001 $59,413,400,924 $1,461,139,022
2000 $54,790,398,570 $1,045,998,496
1999 $48,640,671,735 $621,117,886
1998 $48,187,781,984 $370,687,634
1997 $48,177,612,042 $442,337,871
1996 $46,941,554,225 $232,463,023
1995 $41,764,291,672 $141,853,361
1994 $42,543,176,829 $100,807,003
1993 $49,945,584,453 $136,047,906
1992 $48,003,133,347 $134,707,184
1991 $45,715,676,428 $110,906,029
1990 $62,048,507,531 $112,119,411
1989 $55,634,721,573 $88,265,975
1988 $59,089,396,860 $100,534,657
1987 $66,745,818,375 $93,345,860
1986 $63,692,007,897 $76,407,396
1985 $57,937,868,670 $62,118,570
1984 $53,698,548,293 $50,320,914
1983 $48,801,369,800 $44,442,457
1982 $45,207,167,470 $44,294,648
1981 $44,348,590,461 $36,731,423
1980 $42,345,829,079 $50,642,881
1979 $33,243,706,860 -
1978 $26,364,491,313 -
1977 $20,972,113,685 $103,987,520
1976 $17,728,240,932 $103,653,050
1975 $15,557,902,754 $104,295,643
1974 $13,209,871,626 $94,159,863
1973 $8,707,858,912 $81,203,227
1972 $6,766,743,957 $65,429,198
1971 $5,077,183,094 $64,946,955
1970 $4,863,526,897 $66,331,429
1969 $4,257,253,264 $67,225,714
1968 $3,852,147,027 $67,514,286
1967 $3,370,870,376 $72,317,447
1966 $3,039,859,187 $69,110,000
1965 $3,136,284,307 $64,748,333
1964 $2,909,316,435 $51,915,000
1963 $2,702,982,018 $44,266,667
1962 $2,001,444,544 $37,253,333
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/equatorial-guinea | CC BY

GDP per capita in Algeria vs Equatorial Guinea by year

Algeria
GDP per capita

GDP per capita, PPP
Equatorial Guinea
GDP per capita

GDP per capita, PPP
1x
Year Current $
Algeria Equatorial Guinea
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $5,753 $17,621 $6,745 $17,567
2023 $5,370 $16,824 $6,678 $17,412
2022 $4,960 $15,836 $7,589 $18,140
2021 $4,161 $14,497 $6,946 $16,821
2020 $3,744 $12,677 $5,764 $13,677
2019 $4,468 $13,893 $6,804 $16,451
2018 $4,577 $13,727 $8,102 $18,413
2017 $4,555 $13,494 $7,809 $18,435
2016 $4,425 $13,438 $7,453 $16,649
2015 $4,685 $13,807 $9,069 $19,479
2014 $6,095 $14,694 $15,549 $27,177
2013 $5,980 $14,371 $16,304 $27,910
2012 $6,034 $14,441 $17,309 $30,012
2011 $5,916 $14,640 $17,198 $27,242
2010 $4,913 $14,201 $13,720 $26,168
2009 $4,235 $13,651 $13,233 $29,722
2008 $5,181 $13,666 $18,211 $30,523
2007 $4,167 $13,321 $12,617 $26,611
2006 $3,661 $12,791 $10,185 $23,511
2005 $3,233 $12,246 $8,674 $22,137
2004 $2,817 $11,432 $4,901 $19,354
2003 $2,284 $10,803 $2,931 $14,496
2002 $1,937 $10,080 $2,264 $13,255
2001 $1,896 $9,544 $1,949 $11,627
2000 $1,773 $9,187 $1,487 $7,420
1999 $1,596 $8,776 $931 $6,470
1998 $1,603 $8,503 $578 $5,280
1997 $1,629 $8,129 $717 $4,387
1996 $1,617 $8,053 $392 $1,793
1995 $1,467 $7,747 $248.3 $1,098
1994 $1,526 $7,463 $183.2 $951
1993 $1,831 $7,538 $256.7 $828
1992 $1,803 $7,705 $263.7 $756
1991 $1,759 $7,582 $225.3 $569
1990 $2,445 $7,602 $236.4 $577
1989 $2,247 - $193.2 -
1988 $2,451 - $228.7 -
1987 $2,847 - $220.9 -
1986 $2,800 - $188.8 -
1985 $2,633 - $161.1 -
1984 $2,524 - $137.9 -
1983 $2,374 - $129.4 -
1982 $2,275 - $137.5 -
1981 $2,307 - $121.1 -
1980 $2,276 - $175.5 -
1979 $1,843 - - -
1978 $1,506 - - -
1977 $1,232 - $376 -
1976 $1,080 - $369 -
1975 $992 - $362 -
1974 $873 - $319 -
1973 $590 - $268.6 -
1972 $469 - $211.4 -
1971 $360 - $205.6 -
1970 $353 - $206.8 -
1969 $316 - $208.4 -
1968 $292.4 - $211.7 -
1967 $261.8 - $231.9 -
1966 $241.4 - $226.7 -
1965 $253.6 - $217.1 -
1964 $238.9 - $177.8 -
1963 $225.6 - $154.8 -
1962 $169.6 - $132.9 -
1961 $209.4 - - -
1960 $238.4 - - -

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

GeoRank.org/economy/algeria/equatorial-guinea | CC BY

Algeria's GDP per capita is $5,753, ranking 114/197, compared to $6,745 in Equatorial Guinea, ranking 106/197. Adjusted for purchasing power (GDP per capita PPP), Algeria ranks 105th at $17,621, while Equatorial Guinea ranks 106th at $17,567.

Economic indicators

Algeria Equatorial Guinea
Gross domestic product
$269B
2024
$12.8B
2024
GDP rank
51/197
2024
148/197
2024
GDP growth
3.7%
2023-2024
0.91%
2023-2024
GDP per capita
$5,753
2024
$6,745
2024
GDP per capita rank
114/197
2024
106/197
2024
GDP per capita, PPP
$17,621
2024
$17,567
2024
GDP per capita PPP rank
105/197
2024
106/197
2024
Government debt
$129B
2024
$4.65B
2024
Debt-to-GDP ratio
48.1%
2024
36.4%
2024
Government debt per person
$2,765
2024
$2,458
2024
Government debt per person rank
106/185
2024
110/185
2024
Average annual personal income after taxes
$3,787
2026
$5,042
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
29.1%
2022
Income share by poorest 10%
4%
2011
2.6%
2022
Government expenditure, % of GDP
36.8%
2024
18.5%
2024
Consumer prices inflation
4.05%
2023-2024
3.4%
2023-2024
Central bank interest rate
3%
2020
n/a
Unemployment rate
12%
2017
8.6%
2014
Population
48222325
1998075

Spending and national debt comparison by year

Algeria
Spending

Debt
Equatorial Guinea
Spending

Debt
1x
Year % of GDP
Algeria Equatorial Guinea
Government spending Government debt Government spending Government debt
2024 36.8% 48.1% 18.5% 36.4%
2023 37.4% 47.7% 19.2% 39.1%
2022 32.7% 48.1% 14.8% 29.8%
2021 32.5% 55.1% 12.7% 42.3%
2020 37.5% 46% 16.2% 49.4%
2019 37.1% 40.9% 16.8% 43.2%
2018 36.2% 34.5% 19.1% 40.6%
2017 36.2% 24% 20.1% 36.2%
2016 37.2% 18.1% 27.8% 41.1%
2015 40.9% 7.73% 41.6% 31.7%
2014 36.9% 6.85% 31.6% 12.6%
2013 33.5% 6.48% 29.3% 6.27%
2012 40% 8.58% 35.2% 7.1%
2011 37.7% 8.48% 27.5% 7.17%
2010 35.1% 9.51% 31.2% 7.89%
2009 40.1% 8.92% 39.8% 4.34%
2008 37.3% 7.64% 19.9% 0.49%
2007 33.1% 12.8% 19.7% 0.75%
2006 27.8% 22.5% 18.1% 1.22%
2005 27.8% 25.4% 14.1% 2.85%
2004 27.1% 32.7% 15.5% 4.54%
2003 27% 38.2% 11.8% 6.77%
2002 32.5% 47.3% 11.3% 19.4%
2001 29.1% 50% 13.5% 25.5%
2000 26.4% 53.4% 22.6% 36.6%
1999 29.4% 69.7% 18.7% 60.5%
1998 28.7% 79.9% 35.1% 59.2%
1997 28.5% 79.6% 14.8% 46.3%
1996 26.9% 90.7% 22.9% 91.2%
1995 28.9% 95.9% 141.5% 136.9%
1994 30.9% 106.3% 510% 216%
1993 32.6% 76.8% 256.3% 152.6%
1992 28.2% 69.3% 595% 136.9%
1991 27.6% 86.1% 284.5% 169.5%
1990 23.3% 63.6% 212.9% 157%
1989 - - 116.8% 187%
1988 - - 227.9% 154.5%
1987 - - 183% 141.3%
1986 - - 119% 152.5%
1985 - - 115.4% 183.8%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1990, retrieved 2026-02-20).

GeoRank.org/economy/algeria/equatorial-guinea | CC BY

In 2024, Algeria's government spending was $99.1B, accounting for 36.8% of its GDP, while Equatorial Guinea spent $2.36B, or 18.5% of GDP.

Debt-to-GDP ratio is 48.1% in Algeria and 36.4% in Equatorial Guinea, ranking 113/185 and 143/185, respectively.

Government deficit by year

Deficit/surplus
Algeria

Equatorial Guinea
1x
Year Deficit/surplus, % of GDP
Algeria Equatorial Guinea
2024 -13.8% -0.55%
2023 -5.52% 2.39%
2022 -2.96% 11.7%
2021 -6.32% 2.65%
2020 -10.5% -1.77%
2019 -8.51% 1.82%
2018 -6.15% 0.52%
2017 -7.55% -2.59%
2016 -11.8% -10.9%
2015 -13.9% -15.1%
2014 -7.14% -7.54%
2013 -0.79% -4.4%
2012 -4.04% -7.24%
2011 -1.06% 0.83%
2010 -1.35% -4.53%
2009 -6.53% -6.47%
2008 7.79% 14.6%
2007 4.63% 17.2%
2006 12.9% 21.8%
2005 11.4% 18.5%
2004 6.36% 9.22%
2003 7.22% 9.99%
2002 0.21% 17.6%
2001 3.15% 14.9%
2000 8.91% -2.67%
1999 -1.83% -0.19%
1998 -3.52% -7.65%
1997 2.19% 3.21%
1996 2.7% -6.36%
1995 -1.3% -123.4%
1994 -4.05% -487%
1993 -7.79% -217.9%
1992 -1.05% -557%
1991 1.53% -236%
1990 3.35% -160.2%
1989 - -76.2%
1988 - -208.5%
1987 - -158%
1986 - -97.3%
1985 - -89.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20).

GeoRank.org/economy/algeria/equatorial-guinea | 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 Equatorial Guinea's deficit of $70.8M, or 0.55% of GDP.

Over the past 35 years, Algeria recorded a fiscal deficit in 22 of those years, while Equatorial Guinea ran a deficit in 20 years. On average, Algeria posted an annual deficit equal to 1.58% of GDP, compared to deficit of 49% of GDP for Equatorial Guinea.

Inflation comparison by year

Inflation
Algeria

Equatorial Guinea
1x
Year Consumer prices inflation
Algeria Equatorial Guinea
2024 4.05% 3.4%
2023 9.32% 2.4%
2022 9.27% 4.9%
2021 7.23% -0.1%
2020 2.42% 4.8%
2019 1.95% 1.2%
2018 4.27% 1.3%
2017 5.59% 0.7%
2016 6.4% 1.4%
2015 4.78% 1.7%
2014 2.92% 4.3%
2013 3.25% 3.2%
2012 8.89% 3.4%
2011 4.52% 4.8%
2010 3.91% 5.3%
2009 5.74% 5.7%
2008 4.86% 4.7%
2007 3.68% 2.8%
2006 2.31% 4.5%
2005 1.38% 5.6%
2004 3.96% 4.2%
2003 4.27% 7.3%
2002 1.42% 7.6%
2001 4.23% 8.7%
2000 0.34% 4.8%
1999 2.65% 0.4%
1998 4.95% 7.9%
1997 5.73% 3%

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/equatorial-guinea | CC BY

Over the past 28 years, Algeria has recorded an average annual inflation rate of 4.44%, compared with 3.93% in Equatorial Guinea. In 2024, inflation was 4.05% in Algeria and 3.4% in Equatorial Guinea.

Top exports between countries

Algeria
Export category Export value
Raw agricultural goods $197K
Equatorial Guinea
Export category Export value
Raw materials & minerals $11K
Machinery & equipment $5K

Balance of trade

Algeria Equatorial Guinea
Current account balance
-$2.75B
2024
-$344M
1996
Current account balance ranking
154/190
2024
101/190
1996
Current account balance, % of GDP
-1.02%
2024
-148%
1996
Goods imports
$45.3B
2024
$292M
1996
Goods exports
$48.8B
2024
$175M
1996
Service imports
$9.13B
2024
$185M
1996
Service exports
$4.22B
2024
$4.88M
1996
Imports of goods and services, % of GDP
20.3%
2024
25.4%
2024
Exports of goods and services, % of GDP
19.9%
2024
35.2%
2024

Economic freedom indices

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

Algeria Equatorial Guinea
Economic freedom 45.8 47.4
Economic freedom ranking 179/197 175/197
Property rights 27.7 16.9
Government integrity 29.4 6.9
Judicial effectiveness 30 7.2
Tax burden 80.3 81
Government spending 61.9 90.8
Fiscal health 15.4 97.3
Business freedom 59.3 35.9
Labor freedom 52.2 45.2
Monetary freedom 74.7 73.5
Trade freedom 58.8 43.6
Investment freedom 30 40
Financial freedom 30 30

Economic freedom comparison by year

Algeria
Equatorial Guinea
1x
Year Economic freedom index
Algeria Equatorial Guinea
2026 45.8 47.4
2025 47.5 47.7
2024 43.9 47.7
2023 43.2 48.3
2022 45.8 47.2
2021 49.7 49.2
2020 46.9 48.3
2019 46.2 41
2018 44.7 42
2017 46.5 45
2016 50.1 43.7
2015 48.9 40.4
2014 50.8 44.4
2013 49.6 42.3
2012 51 42.8
2011 52.4 47.5
2010 56.9 48.6
2009 56.6 51.3
2008 56.2 51.6
2007 55.4 53.2
2006 55.7 51.5
2005 53.2 53.3
2004 58.1 53.3
2003 57.7 53.1
2002 61 46.4
2001 57.3 47.9
2000 56.8 45.6
1999 57.2 45.1
1998 55.8 -
1997 54.9 -
1996 54.5 -
1995 55.7 -

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

GeoRank.org/economy/algeria/equatorial-guinea | CC BY

The Economic Freedom Index for Algeria is 45.8, ranking 179/197, compared to 47.4 for Equatorial Guinea, ranking 175/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Algeria Equatorial Guinea
Services, % of GDP
46.8%
2024
51.1%
2024
Industry, % of GDP
36.2%
2024
45.8%
2024
Agriculture, forestry, and fishing, % of GDP
14%
2024
3.15%
2024
GNI, Atlas method
$252B
2024
$8.96B
2024
GNI per capita, PPP
$17,290
2024
$12,330
2024
Total reserves including gold
$83B
2024
$1.54B
2023
Total reserves ranking
31/177
2024
134/177
2023
Net foreign direct investment
-$1.23B
2024
-$376M
1996
Net inflows of foreign direct investment
$1.23B
2024
$188M
2024
Net outflows of foreign direct investment
$265K
2024
$154M
2024
Servicing debt to the IMF, % of GNI
0.17%
2024
n/a
Poverty at national poverty lines
5.5%
2011
50.7%
2022
Gross capital formation, % of GDP
41.1%
2024
8.96%
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/equatorial-guinea | 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 (1985–1990, 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)
  9. Central Intelligence Agency (CIA) (2014, 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.