Algeria vs Iraq: Economic Indicators Comparison

Iraq with a GDP of $224.2B ranked the 50th largest economy in the world, while Algeria ranked 56th with $173.8B. By GDP 5-years average growth and GDP per capita, Iraq and Algeria ranked 85th vs 100th and 103rd vs 119th, respectively.

Gross Domestic Product & Income

StatAlgeriaIraq
GDP$173.8B$224.2B
GDP growth, 1 year2.1%0.6%
GDP growth, 5-years average2.8%3.1%
Population41.3M38.3M
GDP per capita$4.1k$5.8k
GDP per capita growth-0.62%-2.84%
Purchasing Power Parity conversion factor30.99395.51
Price level ratio of PPP conversion factor GDP to market exchange rate0.270.33
GDP per capita, PPP adjusted$15k$18k
GNI, Atlas method$162.3B$193.6B
GNI per capita$3.9k$5k
GNI, PPP adjusted$619.7B$661.5B
GNI per capita, PPP adjusted$15k$17k

Financial system and Human development

StatAlgeriaIraq
Income Tax Rate35%15%
Corporate Tax Rate23%15%
Inflation, consumer prices4.3%0.4%
Inflation, GDP deflator7.6%15.4%
Unemployment12.2%7.9%
Economic Freedom Index46.921
Personal Freedom Index5.353.21
Human Freedom Index5.294.28
Property Rights Index37.943.9
Judical Effectiveness Index3511.2
Business Freedom Index6352.6
Fiscal Health Index17.376.6
Labor Freedom Index50.544.8
Investment Freedom Index30N/A
Financial Freedom Index30N/A
Trade Freedom Index66.2N/A
Monetary Freedom Index76.276.4
Government Spending Index52.659.5
Tax Burden Index75.4N/A
Government Integrity Index28.320.8
Corruption Perceptions Index3518
Life expectancy at birth, years76.570.3
Suicide mortality rate, per 100,000 people3.23
Mortality caused by road traffic injury, per 100,000 people23.820.7
Intentional homicides, per 100,000 people1.49.9
International tourism, number of arrivals2.7M892k

Government debt & reserves

StatAlgeriaIraq
Central government debt, % of GDP36.9%48.4%
External debt stocks, % of GNI3.2%N/A
External debt stocks$5.7BN/A
Short-term debt, % of total reserves2.7%N/A
Total debt service, % of exports and primary income0.5%N/A
Adjusted net savings including particulate emission damage, % of GNI21.2%-7%
Gross savings, % of GDP37.8%20.1%
Gross capital formation, % of GDP47.1%12.9%
Total reserves including gold$87.4B$64.7B
Foreign direct investment net inflows$1.5B-$4.9B

Exports, imports and economic structure

StatAlgeriaIraq
Exports of goods and services, % of GDP25.6%44%
Imports of goods and services, % of GDP32.3%35.9%
Current account balance (balance of payments)-$22.1B$34.4B
Revenue excluding grants, % of GDPN/A26.3%
Grants excluding technical cooperation, BoP$79.5M$1.7B
Personal remittances received$1.8B$741.7M
Industry including construction value added, % of GDP39.6%56.1%
Agriculture, forestry and fishing value added, % of GDP12%2%
Charges for the use of intellectual property, payments BoP$147.1M$7.8M
Charges for the use of intellectual property, receipts BoP$138k$100k
Expense, % of GDPN/A25.3%
Government Expenditure, % of GDP39.8%36.7%

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

Iraq vs

CountryGDP
per capita
Population
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
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