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Economy of Algeria vs Gabon compared: GDP & Debt

Updated on by Georank team

Algeria has a GDP of $269B compared to $20.9B for Gabon, ranking 51/197 and 127/197 by economy size, respectively.

Algeria has $129B in government debt (48.1% of GDP), compared to $15.2B (72.7% of GDP) in Gabon.

Algeria vs Gabon GDP by year

Algeria
Gabon
1x
Year GDP, current $
Algeria Gabon
2024 $269,322,281,665 $20,895,684,426
2023 $247,923,887,215 $19,388,372,071
2022 $225,581,644,703 $20,440,655,695
2021 $186,231,205,262 $19,444,935,097
2020 $164,873,415,325 $15,342,236,164
2019 $193,459,662,091 $16,874,405,465
2018 $194,554,483,656 $16,867,326,402
2017 $189,880,896,903 $14,929,487,485
2016 $180,763,839,522 $14,023,890,265
2015 $187,493,855,609 $14,383,107,763
2014 $238,942,664,193 $18,203,966,896
2013 $229,701,430,292 $17,595,744,798
2012 $227,143,746,076 $17,170,464,016
2011 $218,331,946,925 $18,210,307,744
2010 $177,785,053,940 $14,372,593,020
2009 $150,317,292,079 $12,113,699,068
2008 $180,383,848,331 $15,571,348,344
2007 $142,482,739,810 $12,455,409,587
2006 $123,084,258,693 $10,327,598,306
2005 $107,046,618,670 $9,582,783,991
2004 $91,913,680,985 $7,770,219,008
2003 $73,482,264,191 $6,511,903,365
2002 $61,516,103,406 $5,335,451,100
2001 $59,413,400,924 $5,023,265,413
2000 $54,790,398,570 $5,080,483,629
1999 $48,640,671,735 $4,662,992,036
1998 $48,187,781,984 $4,483,417,310
1997 $48,177,612,042 $5,326,817,115
1996 $46,941,554,225 $5,694,040,003
1995 $41,764,291,672 $4,958,845,648
1994 $42,543,176,829 $4,190,819,344
1993 $49,945,584,453 $4,378,645,081
1992 $48,003,133,347 $5,592,390,827
1991 $45,715,676,428 $5,402,919,785
1990 $62,048,507,531 $5,952,293,765
1989 $55,634,721,573 $4,186,411,464
1988 $59,089,396,860 $3,834,503,376
1987 $66,745,818,375 $3,281,797,043
1986 $63,692,007,897 $3,403,638,189
1985 $57,937,868,670 $3,339,914,757
1984 $53,698,548,293 $3,561,451,561
1983 $48,801,369,800 $3,391,275,732
1982 $45,207,167,470 $3,618,007,841
1981 $44,348,590,461 $3,862,269,121
1980 $42,345,829,079 $4,279,637,942
1979 $33,243,706,860 $3,030,251,120
1978 $26,364,491,313 $2,389,479,272
1977 $20,972,113,685 $2,809,349,069
1976 $17,728,240,932 $3,009,409,974
1975 $15,557,902,754 $2,157,592,940
1974 $13,209,871,626 $1,544,216,002
1973 $8,707,858,912 $722,780,701
1972 $6,766,743,957 $430,508,359
1971 $5,077,183,094 $381,687,073
1970 $4,863,526,897 $323,802,476
1969 $4,257,253,264 $318,124,701
1968 $3,852,147,027 $294,468,564
1967 $3,370,870,376 $271,543,680
1966 $3,039,859,187 $245,849,781
1965 $3,136,284,307 $226,474,286
1964 $2,909,316,435 $215,679,855
1963 $2,702,982,018 $154,480,244
1962 $2,001,444,544 $182,796,536
1961 $2,434,747,056 $167,637,907
1960 $2,723,615,451 $141,468,978

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

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

GDP per capita in Algeria vs Gabon by year

Algeria
GDP per capita

GDP per capita, PPP
Gabon
GDP per capita

GDP per capita, PPP
1x
Year Current $
Algeria Gabon
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $5,753 $17,621 $8,230 $21,510
2023 $5,370 $16,824 $7,803 $20,756
2022 $4,960 $15,836 $8,409 $19,993
2021 $4,161 $14,497 $8,181 $18,524
2020 $3,744 $12,677 $6,606 $14,477
2019 $4,468 $13,893 $7,441 $15,950
2018 $4,577 $13,727 $7,624 $15,432
2017 $4,555 $13,494 $6,922 $14,797
2016 $4,425 $13,438 $6,677 $13,998
2015 $4,685 $13,807 $7,047 $14,306
2014 $6,095 $14,694 $9,201 $14,854
2013 $5,980 $14,371 $9,198 $14,498
2012 $6,034 $14,441 $9,297 $14,620
2011 $5,916 $14,640 $10,219 $14,784
2010 $4,913 $14,201 $8,357 $14,015
2009 $4,235 $13,651 $7,291 $13,384
2008 $5,181 $13,666 $9,689 $13,734
2007 $4,167 $13,321 $8,004 $14,391
2006 $3,661 $12,791 $6,847 $13,637
2005 $3,233 $12,246 $6,548 $14,028
2004 $2,817 $11,432 $5,466 $13,638
2003 $2,284 $10,803 $4,711 $13,564
2002 $1,937 $10,080 $3,966 $13,369
2001 $1,896 $9,544 $3,836 $13,556
2000 $1,773 $9,187 $3,983 $13,326
1999 $1,596 $8,776 $3,751 $13,629
1998 $1,603 $8,503 $3,700 $15,138
1997 $1,629 $8,129 $4,509 $14,837
1996 $1,617 $8,053 $4,943 $14,147
1995 $1,467 $7,747 $4,415 $13,750
1994 $1,526 $7,463 $3,828 $13,164
1993 $1,831 $7,538 $4,106 $12,757
1992 $1,803 $7,705 $5,386 $12,312
1991 $1,759 $7,582 $5,345 $12,760
1990 $2,445 $7,602 $6,051 $11,952
1989 $2,247 - $4,374 -
1988 $2,451 - $4,119 -
1987 $2,847 - $3,624 -
1986 $2,800 - $3,865 -
1985 $2,633 - $3,898 -
1984 $2,524 - $4,273 -
1983 $2,374 - $4,182 -
1982 $2,275 - $4,584 -
1981 $2,307 - $5,026 -
1980 $2,276 - $5,718 -
1979 $1,843 - $4,155 -
1978 $1,506 - $3,360 -
1977 $1,232 - $4,048 -
1976 $1,080 - $4,441 -
1975 $992 - $3,258 -
1974 $873 - $2,384 -
1973 $590 - $1,140 -
1972 $469 - $693 -
1971 $360 - $627 -
1970 $353 - $543 -
1969 $316 - $545 -
1968 $292.4 - $515 -
1967 $261.8 - $482 -
1966 $241.4 - $443 -
1965 $253.6 - $415 -
1964 $238.9 - $400 -
1963 $225.6 - $290.7 -
1962 $169.6 - $348 -
1961 $209.4 - $323 -
1960 $238.4 - $276.1 -

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

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

Algeria's GDP per capita is $5,753, ranking 114/197, compared to $8,230 in Gabon, ranking 93/197. Adjusted for purchasing power (GDP per capita PPP), Algeria ranks 105th at $17,621, while Gabon ranks 90th at $21,510.

Economic indicators

Algeria Gabon
Gross domestic product
$269B
2024
$20.9B
2024
GDP rank
51/197
2024
127/197
2024
GDP growth
3.7%
2023-2024
3.39%
2023-2024
GDP per capita
$5,753
2024
$8,230
2024
GDP per capita rank
114/197
2024
93/197
2024
GDP per capita, PPP
$17,621
2024
$21,510
2024
GDP per capita PPP rank
105/197
2024
90/197
2024
Government debt
$129B
2024
$15.2B
2024
Debt-to-GDP ratio
48.1%
2024
72.7%
2024
Government debt per person
$2,765
2024
$5,985
2024
Government debt per person rank
106/185
2024
75/185
2024
Average annual personal income after taxes
$3,787
2026
$5,368
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
27.7%
2017
Income share by poorest 10%
4%
2011
2.2%
2017
Government expenditure, % of GDP
36.8%
2024
24.8%
2024
Consumer prices inflation
4.05%
2023-2024
1.17%
2023-2024
Central bank interest rate
3%
2020
n/a
Unemployment rate
12%
2017
20.4%
2010
Population
48222325
2663339

Spending and national debt comparison by year

Algeria
Spending

Debt
Gabon
Spending

Debt
1x
Year % of GDP
Algeria Gabon
Government spending Government debt Government spending Government debt
2024 36.8% 48.1% 24.8% 72.7%
2023 37.4% 47.7% 21.5% 70.6%
2022 32.7% 48.1% 19.7% 65.6%
2021 32.5% 55.1% 17.3% 72.9%
2020 37.5% 46% 19.8% 83%
2019 37.1% 40.9% 17.4% 59.8%
2018 36.2% 34.5% 17.1% 62.3%
2017 36.2% 24% 18.1% 62.9%
2016 37.2% 18.1% 21.8% 64.5%
2015 40.9% 7.73% 22.3% 44.7%
2014 36.9% 6.85% 23.8% 34.1%
2013 33.5% 6.48% 34.7% 31.1%
2012 40% 8.58% 23.9% 21.4%
2011 37.7% 8.48% 22.1% 21.4%
2010 35.1% 9.51% 23.1% 21.3%
2009 40.1% 8.92% 22.6% 26%
2008 37.3% 7.64% 18.9% 20.1%
2007 33.1% 12.8% 19.4% 39.2%
2006 27.8% 22.5% 21.1% 34.9%
2005 27.8% 25.4% 20.8% 41.7%
2004 27.1% 32.7% 20.9% 60.3%
2003 27% 38.2% 21.2% 70.2%
2002 32.5% 47.3% 25.7% 81.1%
2001 29.1% 50% 27.8% 81%
2000 26.4% 53.4% 20.3% 72.5%
1999 29.4% 69.7% 25.5% 73.1%
1998 28.7% 79.9% 45.5% 87.6%
1997 28.5% 79.6% 29.7% 57%
1996 26.9% 90.7% 22.2% 64.5%
1995 28.9% 95.9% 25.1% 73.4%
1994 30.9% 106.3% 23.9% 71.3%
1993 32.6% 76.8% 26.9% 90.1%
1992 28.2% 69.3% 26.5% 87.9%
1991 27.6% 86.1% 25.1% 89.3%
1990 23.3% 63.6% 22.6% 90%

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/gabon | CC BY

In 2024, Algeria's government spending was $99.1B, accounting for 36.8% of its GDP, while Gabon spent $5.18B, or 24.8% of GDP.

Debt-to-GDP ratio is 48.1% in Algeria and 72.7% in Gabon, ranking 113/185 and 51/185, respectively.

Government deficit by year

Deficit/surplus
Algeria

Gabon
1x
Year Deficit/surplus, % of GDP
Algeria Gabon
2024 -13.8% -3.84%
2023 -5.52% 1.79%
2022 -2.96% -0.89%
2021 -6.32% -1.93%
2020 -10.5% -2.19%
2019 -8.51% 2.13%
2018 -6.15% -0.21%
2017 -7.55% -1.7%
2016 -11.8% -4.71%
2015 -13.9% -1.12%
2014 -7.14% 5.98%
2013 -0.79% -3.07%
2012 -4.04% 6.2%
2011 -1.06% 1.41%
2010 -1.35% 2.7%
2009 -6.53% 6.77%
2008 7.79% 11%
2007 4.63% 8.06%
2006 12.9% 8.67%
2005 11.4% 7.98%
2004 6.36% 6.99%
2003 7.22% 7.75%
2002 0.21% 3.72%
2001 3.15% 4.07%
2000 8.91% 11.1%
1999 -1.83% 1.11%
1998 -3.52% -13.1%
1997 2.19% 1.41%
1996 2.7% 2.12%
1995 -1.3% 2.64%
1994 -4.05% -1.53%
1993 -7.79% -5.35%
1992 -1.05% -4.9%
1991 1.53% -2.03%
1990 3.35% -3.83%

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

GeoRank.org/economy/algeria/gabon | 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 Gabon's deficit of $802M, or 3.84% of GDP.

Over the past 35 years, Algeria recorded a fiscal deficit in 22 of those years, while Gabon ran a deficit in 15 years. On average, Algeria posted an annual deficit equal to 1.58% of GDP, compared to surplus of 1.52% of GDP for Gabon.

Inflation comparison by year

Inflation
Algeria

Gabon
1x
Year Consumer prices inflation
Algeria Gabon
2024 4.05% 1.17%
2023 9.32% 3.63%
2022 9.27% 4.23%
2021 7.23% 1.09%
2020 2.42% 1.35%
2019 1.95% 2.46%
2018 4.27% 4.75%
2017 5.59% 2.65%
2016 6.4% 2.11%
2015 4.78% -0.34%
2014 2.92% 4.69%
2013 3.25% 0.51%
2012 8.89% 2.65%
2011 4.52% 1.26%
2010 3.91% 1.46%
2009 5.74% 1.89%
2008 4.86% 5.26%
2007 3.68% 5.03%
2006 2.31% -1.41%
2005 1.38% 3.71%
2004 3.96% 0.41%
2003 4.27% 2.24%
2002 1.42% 0.04%
2001 4.23% 2.14%
2000 0.34% 0.5%
1999 2.65% -1.94%
1998 4.95% 1.45%
1997 5.73% 3.97%

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

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

Over the past 28 years, Algeria has recorded an average annual inflation rate of 4.44%, compared with 2.03% in Gabon. In 2024, inflation was 4.05% in Algeria and 1.17% in Gabon.

Top exports between countries

Algeria
Export category Export value
Animal & marine products $78K
Raw materials & minerals $24K
Processed food, beverages & tobacco $16K
Gabon
Export category Export value
Metals $6.08M
Machinery & equipment $155K
Textiles & consumer goods $33K
Raw materials & minerals $23K
Wood & paper products $16K
Chemicals & pharma $2K
Precious metals & jewellery $1K

Balance of trade

Algeria Gabon
Current account balance
-$2.75B
2024
$141M
2015
Current account balance ranking
154/190
2024
66/190
2015
Current account balance, % of GDP
-1.02%
2024
+0.98%
2015
Goods imports
$45.3B
2024
$3.17B
2015
Goods exports
$48.8B
2024
$5.11B
2015
Service imports
$9.13B
2024
$1.88B
2015
Service exports
$4.22B
2024
$277M
2015
Imports of goods and services, % of GDP
20.3%
2024
27.5%
2024
Exports of goods and services, % of GDP
19.9%
2024
64.6%
2024

Economic freedom indices

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

Algeria Gabon
Economic freedom 45.8 56.6
Economic freedom ranking 179/197 120/197
Property rights 27.7 30
Government integrity 29.4 22.6
Judicial effectiveness 30 19.9
Tax burden 80.3 76.5
Government spending 61.9 85.5
Fiscal health 15.4 87.9
Business freedom 59.3 63.6
Labor freedom 52.2 55.4
Monetary freedom 74.7 80.9
Trade freedom 58.8 57.4
Investment freedom 30 60
Financial freedom 30 40

Economic freedom comparison by year

Algeria
Gabon
1x
Year Economic freedom index
Algeria Gabon
2026 45.8 56.6
2025 47.5 56.3
2024 43.9 56.9
2023 43.2 56.1
2022 45.8 55.8
2021 49.7 58.1
2020 46.9 56.7
2019 46.2 56.3
2018 44.7 58
2017 46.5 58.6
2016 50.1 59
2015 48.9 58.3
2014 50.8 57.8
2013 49.6 57.8
2012 51 56.4
2011 52.4 56.7
2010 56.9 55.4
2009 56.6 55
2008 56.2 54.2
2007 55.4 54.8
2006 55.7 56.1
2005 53.2 54.8
2004 58.1 57.1
2003 57.7 58.7
2002 61 58
2001 57.3 55
2000 56.8 58.2
1999 57.2 60.5
1998 55.8 59.2
1997 54.9 58.8
1996 54.5 55.7
1995 55.7 57.5

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

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

The Economic Freedom Index for Algeria is 45.8, ranking 179/197, compared to 56.6 for Gabon, ranking 120/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Algeria Gabon
Services, % of GDP
46.8%
2024
36.8%
2024
Industry, % of GDP
36.2%
2024
52.9%
2024
Agriculture, forestry, and fishing, % of GDP
14%
2024
6.56%
2024
GNI, Atlas method
$252B
2024
$19.8B
2024
GNI per capita, PPP
$17,290
2024
$20,400
2024
Total reserves including gold
$83B
2024
$1.45B
2023
Total reserves ranking
31/177
2024
136/177
2023
Net foreign direct investment
-$1.23B
2024
-$25.3M
2015
Net inflows of foreign direct investment
$1.23B
2024
$1.14B
2024
Net outflows of foreign direct investment
$265K
2024
-$33.8M
2019
Servicing debt to the IMF, % of GNI
0.17%
2024
5.67%
2024
Poverty at national poverty lines
5.5%
2011
33.4%
2017
Gross capital formation, % of GDP
41.1%
2024
19.1%
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/gabon | 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 (2017–2023, 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.