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Economy of Algeria vs Ethiopia compared: GDP & Debt

Updated on by Georank team

Algeria has a GDP of $269B compared to $150B for Ethiopia, ranking 51/197 and 60/197 by economy size, respectively.

Algeria has $129B in government debt (48.1% of GDP), compared to $48.9B (32.7% of GDP) in Ethiopia.

Algeria vs Ethiopia GDP by year

Algeria
Ethiopia
1x
Year GDP, current $
Algeria Ethiopia
2024 $269,322,281,665 $149,740,297,953
2023 $247,923,887,215 $135,874,093,202
2022 $225,581,644,703 $123,140,304,666
2021 $186,231,205,262 $109,070,960,372
2020 $164,873,415,325 $98,676,811,061
2019 $193,459,662,091 $91,834,517,113
2018 $194,554,483,656 $83,337,901,072
2017 $189,880,896,903 $76,366,081,767
2016 $180,763,839,522 $68,475,871,210
2015 $187,493,855,609 $62,103,418,182
2014 $238,942,664,193 $55,612,228,234
2013 $229,701,430,292 $47,648,276,605
2012 $227,143,746,076 $43,310,721,414
2011 $218,331,946,925 $31,952,763,089
2010 $177,785,053,940 $29,933,790,334
2009 $150,317,292,079 $32,437,389,116
2008 $180,383,848,331 $27,066,912,635
2007 $142,482,739,810 $19,707,616,773
2006 $123,084,258,693 $15,280,861,835
2005 $107,046,618,670 $12,401,139,454
2004 $91,913,680,985 $10,131,187,261
2003 $73,482,264,191 $8,623,691,300
2002 $61,516,103,406 $7,850,809,498
2001 $59,413,400,924 $8,231,326,016
2000 $54,790,398,570 $8,242,349,618
1999 $48,640,671,735 $7,892,973,532
1998 $48,187,781,984 $8,013,274,132
1997 $48,177,612,042 $8,803,539,988
1996 $46,941,554,225 $8,761,215,548
1995 $41,764,291,672 $7,855,205,207
1994 $42,543,176,829 $7,100,806,754
1993 $49,945,584,453 $9,051,043,870
1992 $48,003,133,347 $10,754,799,037
1991 $45,715,676,428 $13,799,799,324
1990 $62,048,507,531 $12,478,943,895
1989 $55,634,721,573 $11,762,932,007
1988 $59,089,396,860 $11,181,119,718
1987 $66,745,818,375 $10,790,001,558
1986 $63,692,007,897 $10,094,328,898
1985 $57,937,868,670 $9,717,392,687
1984 $53,698,548,293 $8,298,309,581
1983 $48,801,369,800 $8,781,664,427
1982 $45,207,167,470 $7,899,988,841
1981 $44,348,590,461 $7,507,663,567
1980 $42,345,829,079 $7,012,585,454
1979 $33,243,706,860 $6,586,048,398
1978 $26,364,491,313 $6,014,961,435
1977 $20,972,113,685 $5,651,840,585
1976 $17,728,240,932 $4,943,806,093
1975 $15,557,902,754 $4,577,047,854
1974 $13,209,871,626 $4,577,209,966
1973 $8,707,858,912 $4,070,570,550
1972 $6,766,743,957 $3,520,252,938
1971 $5,077,183,094 $3,224,280,835
1970 $4,863,526,897 $3,045,354,455
1969 $4,257,253,264 $2,768,987,372
1968 $3,852,147,027 $2,619,948,865
1967 $3,370,870,376 $2,461,762,003
1966 $3,039,859,187 $2,324,466,416
1965 $3,136,284,307 $2,159,998,591
1964 $2,909,316,435 $1,984,129,186
1963 $2,702,982,018 $1,825,058,828
1962 $2,001,444,544 $1,747,566,307
1961 $2,434,747,056 $1,680,859,514
1960 $2,723,615,451 $1,610,511,694

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

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

GDP per capita in Algeria vs Ethiopia by year

Algeria
GDP per capita

GDP per capita, PPP
Ethiopia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Algeria Ethiopia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $5,753 $17,621 $1,134 $3,288
2023 $5,370 $16,824 $1,056 $3,061
2022 $4,960 $15,836 $982 $2,845
2021 $4,161 $14,497 $893 $2,588
2020 $3,744 $12,677 $830 $2,407
2019 $4,468 $13,893 $793 $2,242
2018 $4,577 $13,727 $740 $2,095
2017 $4,555 $13,494 $696 $2,005
2016 $4,425 $13,438 $642 $1,858
2015 $4,685 $13,807 $598 $1,633
2014 $6,095 $14,694 $550 $1,485
2013 $5,980 $14,371 $484 $1,253
2012 $6,034 $14,441 $452 $1,179
2011 $5,916 $14,640 $343 $1,098
2010 $4,913 $14,201 $331 $996
2009 $4,235 $13,651 $369 $899
2008 $5,181 $13,666 $316 $845
2007 $4,167 $13,321 $237.1 $770
2006 $3,661 $12,791 $189.3 $693
2005 $3,233 $12,246 $158.2 $625
2004 $2,817 $11,432 $133.2 $558
2003 $2,284 $10,803 $116.8 $493
2002 $1,937 $10,080 $109.6 $509
2001 $1,896 $9,544 $118.5 $509
2000 $1,773 $9,187 $122.3 $474
1999 $1,596 $8,776 $120.7 $450
1998 $1,603 $8,503 $126.5 $436
1997 $1,629 $8,129 $143.4 $461
1996 $1,617 $8,053 $147.3 $453
1995 $1,467 $7,747 $136.5 $409
1994 $1,526 $7,463 $127.7 $391
1993 $1,831 $7,538 $168.5 $384
1992 $1,803 $7,705 $207.4 $343
1991 $1,759 $7,582 $277.6 $383
1990 $2,445 $7,602 $262.1 $417
1989 $2,247 - $256.4 -
1988 $2,451 - $253.2 -
1987 $2,847 - $254.1 -
1986 $2,800 - $246 -
1985 $2,633 - $243.9 -
1984 $2,524 - $214.2 -
1983 $2,374 - $232.7 -
1982 $2,275 - $215.3 -
1981 $2,307 - $212.7 -
1980 $2,276 - $203.7 -
1979 $1,843 - $192.4 -
1978 $1,506 - $178.3 -
1977 $1,232 - $170.4 -
1976 $1,080 - $152 -
1975 $992 - $144.3 -
1974 $873 - $147.9 -
1973 $590 - $134.9 -
1972 $469 - $119.8 -
1971 $360 - $112.7 -
1970 $353 - $109.4 -
1969 $316 - $102.3 -
1968 $292.4 - $99.5 -
1967 $261.8 - $96.1 -
1966 $241.4 - $93.2 -
1965 $253.6 - $88.9 -
1964 $238.9 - $83.8 -
1963 $225.6 - $79.2 -
1962 $169.6 - $77.8 -
1961 $209.4 - $76.7 -
1960 $238.4 - $75.3 -

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

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

Algeria's GDP per capita is $5,753, ranking 114/197, compared to $1,134 in Ethiopia, ranking 171/197. Adjusted for purchasing power (GDP per capita PPP), Algeria ranks 105th at $17,621, while Ethiopia ranks 175th at $3,288.

Economic indicators

Algeria Ethiopia
Gross domestic product
$269B
2024
$150B
2024
GDP rank
51/197
2024
60/197
2024
GDP growth
3.7%
2023-2024
7.61%
2023-2024
GDP per capita
$5,753
2024
$1,134
2024
GDP per capita rank
114/197
2024
171/197
2024
GDP per capita, PPP
$17,621
2024
$3,288
2024
GDP per capita PPP rank
105/197
2024
175/197
2024
Government debt
$129B
2024
$48.9B
2024
Debt-to-GDP ratio
48.1%
2024
32.7%
2024
Government debt per person
$2,765
2024
$370
2024
Government debt per person rank
106/185
2024
172/185
2024
Average annual personal income after taxes
$3,787
2026
$1,946
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
24.8%
2021
Income share by poorest 10%
4%
2011
3.5%
2021
Government expenditure, % of GDP
36.8%
2024
9.54%
2024
Consumer prices inflation
4.05%
2023-2024
21%
2023-2024
Central bank interest rate
3%
2020
n/a
Unemployment rate
12%
2017
3.94%
2021
Population
48222325
139917664

Spending and national debt comparison by year

Algeria
Spending

Debt
Ethiopia
Spending

Debt
1x
Year % of GDP
Algeria Ethiopia
Government spending Government debt Government spending Government debt
2024 36.8% 48.1% 9.54% 32.7%
2023 37.4% 47.7% 10.8% 38.7%
2022 32.7% 48.1% 12.7% 46.9%
2021 32.5% 55.1% 13.8% 53.8%
2020 37.5% 46% 14.5% 53.7%
2019 37.1% 40.9% 15.4% 54.7%
2018 36.2% 34.5% 16.1% 58.4%
2017 36.2% 24% 18% 55.3%
2016 37.2% 18.1% 17.9% 51.8%
2015 40.9% 7.73% 17.3% 50.7%
2014 36.9% 6.85% 17.5% 44.2%
2013 33.5% 6.48% 17.8% 44.1%
2012 40% 8.58% 16.6% 39.4%
2011 37.7% 8.48% 18.2% 44.6%
2010 35.1% 9.51% 18.5% 39.4%
2009 40.1% 8.92% 17.1% 30%
2008 37.3% 7.64% 18.8% 56.1%
2007 33.1% 12.8% 20.5% 55.7%
2006 27.8% 22.5% 22.1% 79.6%
2005 27.8% 25.4% 22.9% 78.2%
2004 27.1% 32.7% 23.1% 103.1%
2003 27% 38.2% 27% 103.7%
2002 32.5% 47.3% 24.9% 107.4%
2001 29.1% 50% 22.4% 97.3%
2000 26.4% 53.4% 25.6% 93.6%
1999 29.4% 69.7% 25.8% 94.3%
1998 28.7% 79.9% 20.4% 86%
1997 28.5% 79.6% 17.3% 77.4%
1996 26.9% 90.7% 18.2% 129%
1995 28.9% 95.9% 16.9% 142.3%
1994 30.9% 106.3% 17.1% 150.7%
1993 32.6% 76.8% 13.4% 136.9%
1992 28.2% 69.3% 13.8% 85.4%
1991 27.6% 86.1% 16.8% 89.3%
1990 23.3% 63.6% 20.3% 91.6%
1989 - - 24% 84.7%
1988 - - 21.6% 84.3%
1987 - - 18.4% 82.3%
1986 - - 19.8% 75.7%
1985 - - 19.7% 67.7%
1984 - - 18.8% 65.4%
1983 - - 21.3% 55.2%
1982 - - 16.4% 48.8%
1981 - - 14.2% 30.6%
1980 - - 13.5% 18.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1991, retrieved 2026-02-20).

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

In 2024, Algeria's government spending was $99.1B, accounting for 36.8% of its GDP, while Ethiopia spent $14.3B, or 9.54% of GDP.

Debt-to-GDP ratio is 48.1% in Algeria and 32.7% in Ethiopia, ranking 113/185 and 150/185, respectively.

Government deficit by year

Deficit/surplus
Algeria

Ethiopia
1x
Year Deficit/surplus, % of GDP
Algeria Ethiopia
2024 -13.8% -1.99%
2023 -5.52% -2.6%
2022 -2.96% -4.16%
2021 -6.32% -2.77%
2020 -10.5% -2.76%
2019 -8.51% -2.53%
2018 -6.15% -3.03%
2017 -7.55% -3.24%
2016 -11.8% -2.3%
2015 -13.9% -1.95%
2014 -7.14% -2.58%
2013 -0.79% -1.93%
2012 -4.04% -1.17%
2011 -1.06% -1.61%
2010 -1.35% -1.32%
2009 -6.53% -0.93%
2008 7.79% -2.88%
2007 4.63% -3.57%
2006 12.9% -3.79%
2005 11.4% -4.12%
2004 6.36% -2.65%
2003 7.22% -5.59%
2002 0.21% -5.76%
2001 3.15% -3.76%
2000 8.91% -8.88%
1999 -1.83% -8.23%
1998 -3.52% -3.51%
1997 2.19% -1.7%
1996 2.7% -3.81%
1995 -1.3% -2.68%
1994 -4.05% -5.23%
1993 -7.79% -4%
1992 -1.05% -4.78%
1991 1.53% -5.83%
1990 3.35% -6.66%
1989 - -4.33%
1988 - -3.48%
1987 - -3.54%
1986 - -3.98%
1985 - -4.71%
1984 - -3.69%
1983 - -7.59%
1982 - -3.6%
1981 - -2.19%
1980 - -2.56%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1989, retrieved 2026-02-20).

GeoRank.org/economy/algeria/ethiopia | 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 Ethiopia's deficit of $2.98B, or 1.99% of GDP.

Over the past 35 years, Algeria recorded a fiscal deficit in 22 of those years, while Ethiopia ran a deficit in 35 years. On average, Algeria posted an annual deficit equal to 1.58% of GDP, compared to deficit of 3.55% of GDP for Ethiopia.

Inflation comparison by year

Inflation
Algeria

Ethiopia
1x
Year Consumer prices inflation
Algeria Ethiopia
2024 4.05% 21%
2023 9.32% 30.2%
2022 9.27% 33.9%
2021 7.23% 26.8%
2020 2.42% 20.4%
2019 1.95% 15.8%
2018 4.27% 13.8%
2017 5.59% 10.7%
2016 6.4% 6.63%
2015 4.78% 9.57%
2014 2.92% 6.89%
2013 3.25% 7.46%
2012 8.89% 23.6%
2011 4.52% 33.2%
2010 3.91% 8.15%
2009 5.74% 8.48%
2008 4.86% 44.4%
2007 3.68% 17.2%
2006 2.31% 12.3%
2005 1.38% 9.97%
2004 3.96% 3.33%
2003 4.27% 13.7%
2002 1.42% 0.68%
2001 4.23% -8.24%
2000 0.34% 0.66%
1999 2.65% 7.94%
1998 4.95% 0.89%
1997 5.73% 2.4%

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

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

Over the past 28 years, Algeria has recorded an average annual inflation rate of 4.44%, compared with 13.6% in Ethiopia. In 2024, inflation was 4.05% in Algeria and 21% in Ethiopia.

Top exports between countries

Algeria
Export category Export value
Processed food, beverages & tobacco $15.2M
Ethiopia
Export category Export value
Raw agricultural goods $681K
Chemicals & pharma $20K
Textiles & consumer goods $11K
Metals $4K
Machinery & equipment $2K
Wood & paper products $1K

Balance of trade

Algeria Ethiopia
Current account balance
-$2.75B
2024
-$3.79B
2024
Current account balance ranking
154/190
2024
160/190
2024
Current account balance, % of GDP
-1.02%
2024
-2.53%
2024
Goods imports
$45.3B
2024
$19.6B
2024
Goods exports
$48.8B
2024
$5.58B
2024
Service imports
$9.13B
2024
$5.51B
2024
Service exports
$4.22B
2024
$7.61B
2024
Imports of goods and services, % of GDP
20.3%
2024
11.9%
2024
Exports of goods and services, % of GDP
19.9%
2024
5.54%
2024

Economic freedom indices

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

Algeria Ethiopia
Economic freedom 45.8 48.1
Economic freedom ranking 179/197 171/197
Property rights 27.7 22.1
Government integrity 29.4 33.2
Judicial effectiveness 30 19.1
Tax burden 80.3 78.6
Government spending 61.9 96.4
Fiscal health 15.4 84.3
Business freedom 59.3 44.5
Labor freedom 52.2 37.8
Monetary freedom 74.7 53.7
Trade freedom 58.8 57.4
Investment freedom 30 30
Financial freedom 30 20

Economic freedom comparison by year

Algeria
Ethiopia
1x
Year Economic freedom index
Algeria Ethiopia
2026 45.8 48.1
2025 47.5 48.1
2024 43.9 47.9
2023 43.2 48.3
2022 45.8 49.6
2021 49.7 51.7
2020 46.9 53.6
2019 46.2 53.6
2018 44.7 52.8
2017 46.5 52.7
2016 50.1 51.5
2015 48.9 51.5
2014 50.8 50
2013 49.6 49.4
2012 51 52
2011 52.4 50.5
2010 56.9 51.2
2009 56.6 53
2008 56.2 52.5
2007 55.4 53.6
2006 55.7 50.9
2005 53.2 51.1
2004 58.1 54.5
2003 57.7 48.8
2002 61 49.8
2001 57.3 48.9
2000 56.8 50.2
1999 57.2 46.7
1998 55.8 49.2
1997 54.9 48.1
1996 54.5 45.9
1995 55.7 42.6

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

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

The Economic Freedom Index for Algeria is 45.8, ranking 179/197, compared to 48.1 for Ethiopia, ranking 171/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Algeria Ethiopia
Services, % of GDP
46.8%
2024
37.5%
2024
Industry, % of GDP
36.2%
2024
25.4%
2024
Agriculture, forestry, and fishing, % of GDP
14%
2024
34.8%
2024
GNI, Atlas method
$252B
2024
$146B
2024
GNI per capita, PPP
$17,290
2024
$3,280
2024
Total reserves including gold
$83B
2024
$3.78B
2024
Total reserves ranking
31/177
2024
109/177
2024
Net foreign direct investment
-$1.23B
2024
-$4.02B
2024
Net inflows of foreign direct investment
$1.23B
2024
$4.02B
2024
Net outflows of foreign direct investment
$265K
2024
$0
2024
Servicing debt to the IMF, % of GNI
0.17%
2024
0.91%
2024
Poverty at national poverty lines
5.5%
2011
33.1%
2021
Gross capital formation, % of GDP
41.1%
2024
20.6%
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/ethiopia | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1980–1991, retrieved 2026-02-20)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2017–2023, retrieved 2026-02-08)
  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.