Algeria vs Eritrea: Economic Indicators Comparison

Algeria with a GDP of $173.8B ranked the 56th largest economy in the world, while Eritrea ranked 170th with $2.6B. By GDP 5-years average growth and GDP per capita, Algeria and Eritrea ranked 100th vs 79th and 119th vs 178th, respectively.

Gross Domestic Product & Income

StatAlgeriaEritrea
GDP$173.8B$2.6B
GDP growth, 1 year2.1%4.2%
GDP growth, 5-years average2.8%3.3%
Population41.3M3.5M
GDP per capita$4.1k$811
GDP per capita growth-0.62%7.21%
Purchasing Power Parity conversion factor30.995.93
Price level ratio of PPP conversion factor GDP to market exchange rate0.270.39
GDP per capita, PPP adjusted$15k$1.7k
GNI, Atlas method$162.3B$2.3B
GNI per capita$3.9k$720
GNI, PPP adjusted$619.7B$6.7B
GNI per capita, PPP adjusted$15k$2.1k

Financial system and Human development

StatAlgeriaEritrea
Income Tax Rate35%30%
Corporate Tax Rate23%30%
Inflation, consumer prices4.3%9%
Inflation, GDP deflator7.6%13.3%
Unemployment12.2%6.5%
Economic Freedom Index46.938.5
Personal Freedom Index5.354.8
Human Freedom Index5.294.8
Property Rights Index37.932.5
Judical Effectiveness Index3514.3
Business Freedom Index6318.2
Fiscal Health Index17.30
Labor Freedom Index50.569.7
Investment Freedom Index300
Financial Freedom Index3020
Trade Freedom Index66.269.2
Monetary Freedom Index76.261
Government Spending Index52.674.7
Tax Burden Index75.481.4
Government Integrity Index28.321.4
Corruption Perceptions Index3524
Life expectancy at birth, years76.565.5
Suicide mortality rate, per 100,000 people3.27.9
Mortality caused by road traffic injury, per 100,000 people23.825.3
Intentional homicides, per 100,000 people1.48
International tourism, number of arrivals2.7M142k

Government debt & reserves

StatAlgeriaEritrea
Central government debt, % of GDP36.9%129.4%
External debt stocks, % of GNI3.2%40.8%
External debt stocks$5.7B$791.2M
Short-term debt, % of total reserves2.7%16%
Total debt service, % of exports and primary income0.5%4.3%
Adjusted net savings including particulate emission damage, % of GNI21.2%0.5%
Gross savings, % of GDP37.8%15.8%
Gross capital formation, % of GDP47.1%10%
Total reserves including gold$87.4B$114.8M
Foreign direct investment net inflows$1.5B$61M

Exports, imports and economic structure

StatAlgeriaEritrea
Exports of goods and services, % of GDP25.6%14.4%
Imports of goods and services, % of GDP32.3%23.2%
Current account balance (balance of payments)-$22.1B-$104.7M
Revenue excluding grants, % of GDPN/AN/A
Grants excluding technical cooperation, BoP$79.5M$82M
Personal remittances received$1.8B$3.3M
Industry including construction value added, % of GDP39.6%21.8%
Agriculture, forestry and fishing value added, % of GDP12%14.1%
Charges for the use of intellectual property, payments BoP$147.1M$281k
Charges for the use of intellectual property, receipts BoP$138k$94k
Expense, % of GDPN/AN/A
Government Expenditure, % of GDP39.8%29.1%

Compare with countries close by GDP per capita

Algeria vs

CountryGDP
per capita
Population
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
808k
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k
Philippines
$3.1k
105M

Eritrea vs

CountryGDP
per capita
Population
Comoros
$1.4k
824k
Myanmar
$1.3k
53.4M
Lesotho
$1.3k
2.23M
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
28.3M
Benin
$902
11.2M
Mali
$900
18.5M
Guinea
$879
12.7M
Haiti
$868
11M
Tajikistan
$827
8.92M
Guinea-Bissau
$778
1.86M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
15.5M
Gambia
$716
2.1M
Burkina Faso
$715
19.2M
Togo
$679
7.8M
Liberia
$677
4.73M
Uganda
$643
42.9M
DR Congo
$562
86.8M
Sierra Leone
$534
7.56M
Madagascar
$528
25.6M
Afghanistan
$521
34.9M
Mozambique
$499
29.7M
Central African Republic
$476
4.66M