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Economy of Algeria vs Guinea-Bissau compared: GDP & Debt

Updated on by Georank

Algeria has a GDP of $287B compared to $2.53B for Guinea-Bissau, ranking 51/197 and 176/197 by economy size, respectively.

Algeria has $155B in government debt (54.1% of GDP), compared to $1.9B (75.3% of GDP) in Guinea-Bissau.

Algeria vs Guinea-Bissau GDP by year

Algeria
Guinea-Bissau
1x
Year GDP, current $
Algeria Guinea-Bissau
2025 $287,031,225,988 $2,527,930,273
2024 $269,322,281,665 $2,197,777,210
2023 $247,923,887,215 $2,076,748,678
2022 $225,581,644,703 $1,856,239,955
2021 $186,231,205,262 $1,907,611,288
2020 $164,873,415,325 $1,705,062,170
2019 $193,459,662,091 $1,596,214,680
2018 $194,554,483,656 $1,554,133,594
2017 $189,880,896,903 $1,469,978,606
2016 $180,763,839,522 $1,245,074,264
2015 $187,493,855,609 $1,152,384,167
2014 $238,942,664,193 $1,135,250,721
2013 $229,701,430,292 $1,109,682,824
2012 $227,143,746,076 $1,049,412,177
2011 $218,331,946,925 $1,157,074,319
2010 $177,785,053,940 $940,112,539
2009 $150,317,292,079 $890,167,833
2008 $180,383,848,331 $952,667,544
2007 $142,482,739,810 $753,162,998
2006 $123,084,258,693 $634,781,901
2005 $107,046,618,670 $639,776,041
2004 $91,913,680,985 $582,169,841
2003 $73,482,264,191 $553,614,800
2002 $61,516,103,406 $466,773,711
2001 $59,413,400,924 $412,610,872
2000 $54,790,398,570 $391,345,597
1999 $48,640,671,735 $579,365,780
1998 $48,187,781,984 $591,034,143
1997 $48,177,612,042 $698,107,222
1996 $46,941,554,225 $702,965,148
1995 $41,764,291,672 $660,195,402
1994 $42,543,176,829 $612,502,085
1993 $49,945,584,453 $615,779,519
1992 $48,003,133,347 $588,309,271
1991 $45,715,676,428 $668,470,891
1990 $62,048,507,531 $634,187,269
1989 $55,634,721,573 $554,072,303
1988 $59,089,396,860 $427,514,322
1987 $66,745,818,375 $451,893,375
1986 $63,692,007,897 $338,524,233
1985 $57,937,868,670 $373,959,151
1984 $53,698,548,293 $359,980,491
1983 $48,801,369,800 $425,225,177
1982 $45,207,167,470 $430,284,022
1981 $44,348,590,461 $402,230,865
1980 $42,345,829,079 $287,648,258
1979 $33,243,706,860 $308,143,183
1978 $26,364,491,313 $318,876,550
1977 $20,972,113,685 $298,871,675
1976 $17,728,240,932 $292,152,321
1975 $15,557,902,754 $283,311,997
1974 $13,209,871,626 $256,769,730
1973 $8,707,858,912 $232,331,281
1972 $6,766,743,957 $227,986,203
1971 $5,077,183,094 $204,167,297
1970 $4,863,526,897 $204,670,551
1969 $4,257,253,264 -
1968 $3,852,147,027 -
1967 $3,370,870,376 -
1966 $3,039,859,187 -
1965 $3,136,284,307 -
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 (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Algeria vs Guinea-Bissau by year

Algeria
GDP per capita

GDP per capita, PPP
Guinea-Bissau
GDP per capita

GDP per capita, PPP
1x
Year Current $
Algeria Guinea-Bissau
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $6,051 - $1,124 -
2024 $5,753 $17,621 $998 $3,119
2023 $5,370 $16,824 $964 $2,990
2022 $4,960 $15,836 $882 $2,789
2021 $4,161 $14,497 $927 $2,523
2020 $3,744 $12,677 $847 $2,340
2019 $4,468 $13,893 $811 $2,247
2018 $4,577 $13,727 $809 $2,058
2017 $4,555 $13,494 $783 $2,082
2016 $4,425 $13,438 $680 $1,824
2015 $4,685 $13,807 $645 $1,730
2014 $6,095 $14,694 $652 $1,456
2013 $5,980 $14,371 $654 $1,416
2012 $6,034 $14,441 $635 $1,402
2011 $5,916 $14,640 $720 $1,472
2010 $4,913 $14,201 $600 $1,370
2009 $4,235 $13,651 $583 $1,315
2008 $5,181 $13,666 $640 $1,309
2007 $4,167 $13,321 $519 $1,260
2006 $3,661 $12,791 $449 $1,226
2005 $3,233 $12,246 $463 $1,187
2004 $2,817 $11,432 $431 $1,105
2003 $2,284 $10,803 $420 $1,089
2002 $1,937 $10,080 $362 $1,095
2001 $1,896 $9,544 $327 $1,064
2000 $1,773 $9,187 $317 $1,014
1999 $1,596 $8,776 $479 $1,001
1998 $1,603 $8,503 $498 $861
1997 $1,629 $8,129 $599 $1,118
1996 $1,617 $8,053 $615 $1,052
1995 $1,467 $7,747 $589 $945
1994 $1,526 $7,463 $561 $909
1993 $1,831 $7,538 $582 $890
1992 $1,803 $7,705 $574 $880
1991 $1,759 $7,582 $672 $877
1990 $2,445 $7,602 $651 $824
1989 $2,247 - $578 -
1988 $2,451 - $454 -
1987 $2,847 - $488 -
1986 $2,800 - $371 -
1985 $2,633 - $417 -
1984 $2,524 - $407 -
1983 $2,374 - $489 -
1982 $2,275 - $503 -
1981 $2,307 - $477 -
1980 $2,276 - $347 -
1979 $1,843 - $376 -
1978 $1,506 - $403 -
1977 $1,232 - $403 -
1976 $1,080 - $421 -
1975 $992 - $435 -
1974 $873 - $419 -
1973 $590 - $392 -
1972 $469 - $389 -
1971 $360 - $348 -
1970 $353 - $350 -
1969 $316 - - -
1968 $292.4 - - -
1967 $261.8 - - -
1966 $241.4 - - -
1965 $253.6 - - -
1964 $238.9 - - -
1963 $225.6 - - -
1962 $169.6 - - -
1961 $209.4 - - -
1960 $238.4 - - -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Algeria's GDP per capita is $6,051, ranking 114/197, compared to $1,124 in Guinea-Bissau, ranking 177/197. Adjusted for purchasing power (GDP per capita PPP), Algeria ranks 105th at $17,621, while Guinea-Bissau ranks 179th at $3,119.

Economic indicators

Algeria Guinea-Bissau
Gross domestic product
$287B
2025
$2.53B
2025
GDP rank
51/197
2025
176/197
2025
GDP growth
3.82%
2024-2025
5.82%
2024-2025
GDP per capita
$6,051
2025
$1,124
2025
GDP per capita rank
114/197
2025
177/197
2025
GDP per capita, PPP
$17,621
2024
$3,119
2024
GDP per capita PPP rank
105/197
2024
179/197
2024
Government debt
$155B
2025
$1.9B
2025
Debt-to-GDP ratio
54.1%
2025
75.3%
2025
Government debt per person
$3,274
2025
$846
2025
Government debt per person rank
100/185
2025
149/185
2025
Average annual personal income after taxes
$3,755
2026
$1,483
2026
Market capitalization of domestic companies
$371M
2018
n/a
Number of billionaires
1
2026
n/a
Income share by richest 10%
22.9%
2011
26.1%
2021
Income share by poorest 10%
4%
2011
3.4%
2021
Government expenditure, % of GDP
36.2%
2025
19.9%
2025
Consumer prices inflation
1.42%
2024-2025
0.9%
2024-2025
Central bank interest rate
3%
2020
n/a
Unemployment rate
11.7%
2017
2.67%
2022
Population
48345858
2323460

Spending and national debt comparison by year

Algeria
Spending

Debt
Guinea-Bissau
Spending

Debt
1x
Year % of GDP
Algeria Guinea-Bissau
Government spending Government debt Government spending Government debt
2025 36.2% 54.1% 19.9% 75.3%
2024 36.8% 48.1% 20.4% 82.4%
2023 37.4% 47.7% 21.9% 79.4%
2022 32.7% 48.1% 21.3% 80.7%
2021 32.5% 55.1% 25% 78.8%
2020 37.5% 46% 25% 77.6%
2019 37.1% 40.9% 18.8% 65.1%
2018 36.2% 34.5% 19.5% 59.1%
2017 36.2% 24% 18.1% 51.8%
2016 37.2% 18.1% 20.5% 59.1%
2015 40.9% 7.73% 21.5% 56.3%
2014 36.9% 6.85% 23% 60.1%
2013 33.5% 6.48% 12.4% 49.6%
2012 40% 8.58% 13% 47.4%
2011 37.7% 8.48% 17.3% 45.6%
2010 35.1% 9.51% 18.5% 61.7%
2009 40.1% 8.92% 20.6% 148.3%
2008 37.3% 7.64% 21.8% 148.8%
2007 33.1% 12.8% 23.7% 164%
2006 27.8% 22.5% 19.8% 190.4%
2005 27.8% 25.4% 20.2% 203.7%
2004 27.1% 32.7% 23% 202%
2003 27% 38.2% 17% 183.4%
2002 32.5% 47.3% 14.1% 197.5%
2001 29.1% 50% 19.1% 204.4%
2000 26.4% 53.4% 23.5% 217.1%
1999 29.4% 69.7% 12.1% 109.9%
1998 28.7% 79.9% 8.72% 109.1%
1997 28.5% 79.6% 12.7% 94.3%
1996 26.9% 90.7% 8.93% 117.3%
1995 28.9% 95.9% 8.14% 103.3%
1994 30.9% 106.3% 18.4% 105.5%
1993 32.6% 76.8% 13.1% 112.4%
1992 28.2% 69.3% 10.1% 85.3%
1991 27.6% 86.1% 9.19% 88.9%
1990 23.3% 63.6% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1990–1996, retrieved 2026-07-08).

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

In 2025, Algeria's government spending was $104B, accounting for 36.2% of its GDP, while Guinea-Bissau spent $502M, or 19.9% of GDP.

Debt-to-GDP ratio is 54.1% in Algeria and 75.3% in Guinea-Bissau, ranking 94/185 and 49/185, respectively.

Government deficit by year

Deficit/surplus
Algeria

Guinea-Bissau
1x
Year Deficit/surplus, % of GDP
Algeria Guinea-Bissau
2025 -10.2% -6.69%
2024 -13.8% -7.26%
2023 -5.52% -8.15%
2022 -2.96% -6.06%
2021 -6.32% -5.88%
2020 -10.5% -9.64%
2019 -8.51% -3.86%
2018 -6.15% -4.76%
2017 -7.55% -1.32%
2016 -11.8% -5.34%
2015 -13.9% -3.16%
2014 -7.14% -2.44%
2013 -0.79% -1.67%
2012 -4.04% -2.12%
2011 -1.06% -1.35%
2010 -1.35% -0.23%
2009 -6.53% 2.68%
2008 7.79% -0.73%
2007 4.63% -8.77%
2006 12.9% -4.57%
2005 11.4% -4.96%
2004 6.36% -5.92%
2003 7.22% -5.63%
2002 0.21% -3.7%
2001 3.15% -1.83%
2000 8.91% -2.8%
1999 -1.83% -4.06%
1998 -3.52% -5.95%
1997 2.19% -2.56%
1996 2.7% 3.48%
1995 -1.3% 2.45%
1994 -4.05% -5.54%
1993 -7.79% -0.34%
1992 -1.05% -0.25%
1991 1.53% 1.61%
1990 3.35% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Algeria's government deficit, the difference between spending and revenue, was $29.1B, equivalent to 10.2% of GDP. This compares to Guinea-Bissau's deficit of $169M, or 6.69% of GDP.

Over the past 35 years, Algeria recorded a fiscal deficit in 23 of those years, while Guinea-Bissau ran a deficit in 31 years. On average, Algeria posted an annual deficit equal to 1.96% of GDP, compared to deficit of 3.35% of GDP for Guinea-Bissau.

Inflation comparison by year

Inflation
Algeria

Guinea-Bissau
1x
Year Consumer prices inflation
Algeria Guinea-Bissau
2025 1.42% 0.9%
2024 4.05% 3.7%
2023 9.32% 7.2%
2022 9.27% 7.9%
2021 7.23% 3.3%
2020 2.42% 1.5%
2019 1.95% 0.3%
2018 4.27% 0.4%
2017 5.59% -0.2%
2016 6.4% 2.7%
2015 4.78% 1.5%
2014 2.92% -1%
2013 3.25% 0.8%
2012 8.89% 2.1%
2011 4.52% 5.1%
2010 3.91% 1.1%
2009 5.74% -1.6%
2008 4.86% 10.4%
2007 3.68% 4.6%
2006 2.31% 2%
2005 1.38% 3.4%
2004 3.96% 0.8%
2003 4.27% -3.5%
2002 1.42% 3.3%
2001 4.23% 3.3%
2000 0.34% 8.6%
1999 2.65% -2.1%
1998 4.95% 8.1%
1997 5.73% 49.1%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Algeria has recorded an average annual inflation rate of 4.33%, compared with 4.27% in Guinea-Bissau. In 2025, inflation was 1.42% in Algeria and 0.9% in Guinea-Bissau.

Top exports between countries

Algeria
Export category Export value
Processed food, beverages & tobacco $114K
Guinea-Bissau
Export category Export value

Balance of trade

Algeria Guinea-Bissau
Current account balance
-$2.75B
2024
-$162M
2024
Current account balance ranking
151/190
2024
87/190
2024
Current account balance, % of GDP
-1.02%
2024
-7.36%
2024
Goods imports
$45.3B
2024
$414M
2024
Goods exports
$48.8B
2024
$229M
2024
Service imports
$9.13B
2024
$198M
2024
Service exports
$4.22B
2024
$51M
2024
Imports of goods and services, % of GDP
22.1%
2025
27%
2025
Exports of goods and services, % of GDP
16.8%
2025
13.9%
2025

Economic freedom indices

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

Algeria Guinea-Bissau
Economic freedom 45.8 43.2
Economic freedom ranking 179/197 181/197
Property rights 27.7 28.4
Government integrity 29.4 21
Judicial effectiveness 30 13.2
Tax burden 80.3 89
Government spending 61.9 86.5
Fiscal health 15.4 6.5
Business freedom 59.3 34.6
Labor freedom 52.2 55.9
Monetary freedom 74.7 75.9
Trade freedom 58.8 47
Investment freedom 30 30
Financial freedom 30 30

Economic freedom comparison by year

Algeria
Guinea-Bissau
1x
Year Economic freedom index
Algeria Guinea-Bissau
2026 45.8 43.2
2025 47.5 43.6
2024 43.9 42.7
2023 43.2 44.6
2022 45.8 46
2021 49.7 54.9
2020 46.9 53.3
2019 46.2 54
2018 44.7 56.9
2017 46.5 56.1
2016 50.1 51.8
2015 48.9 52
2014 50.8 51.3
2013 49.6 51.1
2012 51 50.1
2011 52.4 46.5
2010 56.9 43.6
2009 56.6 45.4
2008 56.2 44.4
2007 55.4 46.1
2006 55.7 46.5
2005 53.2 46
2004 58.1 42.6
2003 57.7 43.1
2002 61 42.3
2001 57.3 42.5
2000 56.8 34.7
1999 57.2 33.5
1998 55.8 -
1997 54.9 -
1996 54.5 -
1995 55.7 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Algeria is 45.8, ranking 179/197, compared to 43.2 for Guinea-Bissau, ranking 181/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Algeria Guinea-Bissau
Services, % of GDP
45.7%
2025
39.1%
2025
Industry, % of GDP
34.8%
2025
15.7%
2025
Agriculture, forestry, and fishing, % of GDP
14.5%
2025
40.6%
2025
GNI, Atlas method
$278B
2025
$2.45B
2025
GNI per capita, PPP
$18,240
2025
$3,320
2025
Total reserves including gold
$72.5B
2025
n/a
Total reserves ranking
38/177
2025
n/a
Net foreign direct investment
-$1.23B
2024
-$26.3M
2024
Net inflows of foreign direct investment
$1.23B
2024
$26.7M
2024
Net outflows of foreign direct investment
$265K
2024
$389K
2024
Servicing debt to the IMF, % of GNI
0.17%
2024
1.77%
2024
Poverty at national poverty lines
5.5%
2011
50.5%
2021
Gross capital formation, % of GDP
45.3%
2025
25.8%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1990–1996, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)
  8. TradeMap (2024, retrieved 2026-07-08)

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.