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Economy of Algeria vs Israel compared: GDP & Debt

Updated on by Georank

Algeria has a GDP of $287B compared to $611B for Israel, ranking 51/197 and 27/197 by economy size, respectively.

Algeria has $155B in government debt (54.1% of GDP), compared to $418B (68.5% of GDP) in Israel.

Algeria vs Israel GDP by year

Algeria
Israel
1x
Year GDP, current $
Algeria Israel
2025 $287,031,225,988 $610,777,842,874
2024 $269,322,281,665 $542,284,494,491
2023 $247,923,887,215 $513,393,395,492
2022 $225,581,644,703 $525,157,951,213
2021 $186,231,205,262 $489,735,019,666
2020 $164,873,415,325 $410,908,899,711
2019 $193,459,662,091 $399,207,771,082
2018 $194,554,483,656 $375,470,422,244
2017 $189,880,896,903 $357,360,816,857
2016 $180,763,839,522 $321,083,954,798
2015 $187,493,855,609 $302,841,190,258
2014 $238,942,664,193 $314,376,760,832
2013 $229,701,430,292 $298,045,324,736
2012 $227,143,746,076 $263,172,104,091
2011 $218,331,946,925 $267,739,352,609
2010 $177,785,053,940 $239,372,857,534
2009 $150,317,292,079 $213,112,649,594
2008 $180,383,848,331 $220,952,472,408
2007 $142,482,739,810 $184,448,882,452
2006 $123,084,258,693 $158,706,516,002
2005 $107,046,618,670 $147,346,035,831
2004 $91,913,680,985 $139,925,423,025
2003 $73,482,264,191 $131,278,887,815
2002 $61,516,103,406 $125,215,963,105
2001 $59,413,400,924 $134,889,159,474
2000 $54,790,398,570 $136,409,902,632
1999 $48,640,671,735 $121,329,240,042
1998 $48,187,781,984 $120,468,659,246
1997 $48,177,612,042 $119,389,303,067
1996 $46,941,554,225 $115,051,957,577
1995 $41,764,291,672 $105,432,315,611
1994 $42,543,176,829 $90,684,108,118
1993 $49,945,584,453 $79,806,598,120
1992 $48,003,133,347 $79,408,652,426
1991 $45,715,676,428 $70,954,941,681
1990 $62,048,507,531 $61,978,459,022
1989 $55,634,721,573 $52,411,116,588
1988 $59,089,396,860 $52,618,458,014
1987 $66,745,818,375 $43,022,977,765
1986 $63,692,007,897 $35,812,041,620
1985 $57,937,868,670 $28,887,898,639
1984 $53,698,548,293 $30,626,695,891
1983 $48,801,369,800 $32,655,591,256
1982 $45,207,167,470 $29,237,231,967
1981 $44,348,590,461 $26,865,420,933
1980 $42,345,829,079 $25,379,585,067
1979 $33,243,706,860 $22,595,788,591
1978 $26,364,491,313 $17,690,363,444
1977 $20,972,113,685 $18,245,847,441
1976 $17,728,240,932 $15,946,502,888
1975 $15,557,902,754 $16,131,806,290
1974 $13,209,871,626 $17,162,009,924
1973 $8,707,858,912 $11,895,229,181
1972 $6,766,743,957 $9,216,866,299
1971 $5,077,183,094 $7,048,191,876
1970 $4,863,526,897 $7,402,142,195
1969 $4,257,253,264 $6,293,966,357
1968 $3,852,147,027 $5,455,059,532
1967 $3,370,870,376 $4,759,447,914
1966 $3,039,859,187 $4,700,397,692
1965 $3,136,284,307 $4,326,412,951
1964 $2,909,316,435 $4,021,861,430
1963 $2,702,982,018 $3,533,767,055
1962 $2,001,444,544 $2,964,323,618
1961 $2,434,747,056 $3,706,297,903
1960 $2,723,615,451 $3,068,690,949

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

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

GDP per capita in Algeria vs Israel by year

Algeria
GDP per capita

GDP per capita, PPP
Israel
GDP per capita

GDP per capita, PPP
1x
Year Current $
Algeria Israel
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $6,051 - $60,337 -
2024 $5,753 $17,621 $54,217 $57,236
2023 $5,370 $16,824 $52,126 $55,171
2022 $4,960 $15,836 $54,947 $53,619
2021 $4,161 $14,497 $52,258 $46,162
2020 $3,744 $12,677 $44,591 $40,955
2019 $4,468 $13,893 $44,092 $41,325
2018 $4,577 $13,727 $42,269 $40,190
2017 $4,555 $13,494 $41,013 $39,471
2016 $4,425 $13,438 $37,571 $38,189
2015 $4,685 $13,807 $36,138 $35,871
2014 $6,095 $14,694 $38,265 $34,816
2013 $5,980 $14,371 $36,981 $34,827
2012 $6,034 $14,441 $33,269 $32,484
2011 $5,916 $14,640 $34,477 $31,314
2010 $4,913 $14,201 $31,399 $29,456
2009 $4,235 $13,651 $28,470 $28,087
2008 $5,181 $13,666 $30,231 $28,084
2007 $4,167 $13,321 $25,689 $28,307
2006 $3,661 $12,791 $22,500 $26,385
2005 $3,233 $12,246 $21,262 $25,701
2004 $2,817 $11,432 $20,550 $26,078
2003 $2,284 $10,803 $19,624 $24,702
2002 $1,937 $10,080 $19,059 $26,101
2001 $1,896 $9,544 $20,949 $25,806
2000 $1,773 $9,187 $21,690 $25,766
1999 $1,596 $8,776 $19,809 $23,415
1998 $1,603 $8,503 $20,176 $22,927
1997 $1,629 $8,129 $20,457 $22,279
1996 $1,617 $8,053 $20,213 $21,672
1995 $1,467 $7,747 $19,014 $20,642
1994 $1,526 $7,463 $16,796 $19,478
1993 $1,831 $7,538 $15,169 $18,218
1992 $1,803 $7,705 $15,500 $17,553
1991 $1,759 $7,582 $14,337 $16,486
1990 $2,445 $7,602 $13,300 $15,721
1989 $2,247 - $11,601 -
1988 $2,451 - $11,846 -
1987 $2,847 - $9,847 -
1986 $2,800 - $8,330 -
1985 $2,633 - $6,824 -
1984 $2,524 - $7,364 -
1983 $2,374 - $7,955 -
1982 $2,275 - $7,253 -
1981 $2,307 - $6,791 -
1980 $2,276 - $6,545 -
1979 $1,843 - $5,968 -
1978 $1,506 - $4,794 -
1977 $1,232 - $5,050 -
1976 $1,080 - $4,514 -
1975 $992 - $4,669 -
1974 $873 - $5,082 -
1973 $590 - $3,629 -
1972 $469 - $2,928 -
1971 $360 - $2,297 -
1970 $353 - $2,489 -
1969 $316 - $2,188 -
1968 $292.4 - $1,946 -
1967 $261.8 - $1,734 -
1966 $241.4 - $1,788 -
1965 $253.6 - $1,688 -
1964 $238.9 - $1,625 -
1963 $225.6 - $1,485 -
1962 $169.6 - $1,293 -
1961 $209.4 - $1,696 -
1960 $238.4 - $1,452 -

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

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

Algeria's GDP per capita is $6,051, ranking 114/197, compared to $60,337 in Israel, ranking 19/197. Adjusted for purchasing power (GDP per capita PPP), Algeria ranks 105th at $17,621, while Israel ranks 36th at $57,236.

Economic indicators

Algeria Israel
Gross domestic product
$287B
2025
$611B
2025
GDP rank
51/197
2025
27/197
2025
GDP growth
3.82%
2024-2025
2.93%
2024-2025
GDP per capita
$6,051
2025
$60,337
2025
GDP per capita rank
114/197
2025
19/197
2025
GDP per capita, PPP
$17,621
2024
$57,236
2024
GDP per capita PPP rank
105/197
2024
36/197
2024
Government debt
$155B
2025
$418B
2025
Debt-to-GDP ratio
54.1%
2025
68.5%
2025
Government debt per person
$3,274
2025
$41,338
2025
Government debt per person rank
100/185
2025
16/185
2025
Average annual personal income after taxes
$3,755
2026
$48,251
2026
Market capitalization of domestic companies
$371M
2018
$331B
2024
Number of millionaires n/a
195,000
2026
Number of billionaires
1
2026
42
2026
Income share by richest 10%
22.9%
2011
27%
2022
Income share by poorest 10%
4%
2011
1.8%
2022
Government expenditure, % of GDP
36.2%
2025
43.6%
2025
Consumer prices inflation
1.42%
2024-2025
3.04%
2024-2025
Central bank interest rate
3%
2020
3.75%
2026
Unemployment rate
11.7%
2017
3%
2025
Population
48345858
10334048

Spending and national debt comparison by year

Algeria
Spending

Debt
Israel
Spending

Debt
1x
Year % of GDP
Algeria Israel
Government spending Government debt Government spending Government debt
2025 36.2% 54.1% 43.6% 68.5%
2024 36.8% 48.1% 43.7% 67.7%
2023 37.4% 47.7% 39.6% 61.3%
2022 32.7% 48.1% 36.9% 60.3%
2021 32.5% 55.1% 40.1% 67.7%
2020 37.5% 46% 44.8% 71.1%
2019 37.1% 40.9% 38.7% 59.3%
2018 36.2% 34.5% 39.2% 60.1%
2017 36.2% 24% 38.4% 59.8%
2016 37.2% 18.1% 37.9% 61.7%
2015 40.9% 7.73% 37.6% 62.8%
2014 36.9% 6.85% 38.3% 65.8%
2013 33.5% 6.48% 39.7% 66%
2012 40% 8.58% 39.6% 66.9%
2011 37.7% 8.48% 39.3% 67.2%
2010 35.1% 9.51% 39.7% 69%
2009 40.1% 8.92% 41.4% 72.6%
2008 37.3% 7.64% 41.2% 70.2%
2007 33.1% 12.8% 40.2% 70.8%
2006 27.8% 22.5% 41.6% 77.7%
2005 27.8% 25.4% 42.3% 85.2%
2004 27.1% 32.7% 43% 88.3%
2003 27% 38.2% 45.4% 89.7%
2002 32.5% 47.3% 50% 87.2%
2001 29.1% 50% 46.1% 81.1%
2000 26.4% 53.4% 43.4% 77.2%
1999 29.4% 69.7% 53.6% 94.8%
1998 28.7% 79.9% 55% 101%
1997 28.5% 79.6% 52.6% 99.3%
1996 26.9% 90.7% 53.2% 100.3%
1995 28.9% 95.9% 52.8% 102.3%
1994 30.9% 106.3% 41.7% 110.2%
1993 32.6% 76.8% 42.2% 118.3%
1992 28.2% 69.3% 44.1% 119.6%
1991 27.6% 86.1% 34.4% 123.7%
1990 23.3% 63.6% 46.8% 138.3%
1989 - - 47.5% 147.4%
1988 - - 46.5% 145.4%
1987 - - 52.8% 143.2%
1986 - - 55.7% 162.5%
1985 - - 65.2% 199%
1984 - - - 284%
1983 - - - 260.5%
1982 - - 69.7% -
1981 - - 71.8% -
1980 - - 69.4% 154.3%
1979 - - 70.1% 155.5%
1978 - - 62.2% 133.6%
1977 - - 69.1% 142%
1976 - - 66.3% 97.4%
1975 - - 62% 85.1%
1974 - - - 79.8%
1973 - - - 62.1%
1972 - - - 63.9%
1971 - - - -
1970 - - 41.6% -
1969 - - 41.1% -
1968 - - 39.4% -
1967 - - 33.9% -
1966 - - 29.6% -
1965 - - 27.8% -
1964 - - 28.2% -
1963 - - 26.9% -
1962 - - 27.7% -
1961 - - 30.3% -
1960 - - 30.4% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08).

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

In 2025, Algeria's government spending was $104B, accounting for 36.2% of its GDP, while Israel spent $266B, or 43.6% of GDP.

Debt-to-GDP ratio is 54.1% in Algeria and 68.5% in Israel, ranking 94/185 and 60/185, respectively.

Government deficit by year

Deficit/surplus
Algeria

Israel
1x
Year Deficit/surplus, % of GDP
Algeria Israel
2025 -10.2% -5.22%
2024 -13.8% -8.07%
2023 -5.52% -5.38%
2022 -2.96% 0.3%
2021 -6.32% -3.37%
2020 -10.5% -10.6%
2019 -8.51% -3.79%
2018 -6.15% -3.58%
2017 -7.55% -1.17%
2016 -11.8% -1.78%
2015 -13.9% -1.2%
2014 -7.14% -2.28%
2013 -0.79% -4.07%
2012 -4.04% -4.46%
2011 -1.06% -3.43%
2010 -1.35% -3.72%
2009 -6.53% -6.53%
2008 7.79% -3.49%
2007 4.63% -0.43%
2006 12.9% -0.94%
2005 11.4% -2.74%
2004 6.36% -3.4%
2003 7.22% -5.03%
2002 0.21% -8.21%
2001 3.15% -4.06%
2000 8.91% -0.8%
1999 -1.83% -6.26%
1998 -3.52% -7.99%
1997 2.19% -4.84%
1996 2.7% -5.97%
1995 -1.3% -4.28%
1994 -4.05% -5.62%
1993 -7.79% -5.62%
1992 -1.05% -8%
1991 1.53% -7.04%
1990 3.35% -9.67%
1989 - -9.03%
1988 - -7.57%
1987 - -7.47%
1986 - -7.51%
1985 - -14.2%
1984 - -
1983 - -
1982 - -13.8%
1981 - -23.5%
1980 - -19.6%
1979 - -16.7%
1978 - -14.7%
1977 - -20.3%
1976 - -19.4%
1975 - -19.6%
1974 - -
1973 - -
1972 - -
1971 - -
1970 - -16%
1969 - -15.3%
1968 - -11.7%
1967 - -7.68%
1966 - -4.35%
1965 - -2.72%
1964 - -3.65%
1963 - -4.41%
1962 - -4.09%
1961 - -5.86%
1960 - -6.62%
1959 - -7.23%
1958 - -8.31%
1957 - -7.17%
1956 - -9.3%
1955 - -4.3%
1954 - -7.84%
1953 - -8.32%
1952 - -7.19%
1951 - -8.13%
1950 - -10.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-07-08).

GeoRank.org/economy/algeria/israel | 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 Israel's deficit of $31.9B, or 5.22% of GDP.

Over the past 36 years, Algeria recorded a fiscal deficit in 23 of those years, while Israel ran a deficit in 35 years. On average, Algeria posted an annual deficit equal to 1.81% of GDP, compared to deficit of 4.52% of GDP for Israel.

Inflation comparison by year

Inflation
Algeria

Israel
1x
Year Consumer prices inflation
Algeria Israel
2025 1.42% 3.04%
2024 4.05% 3.07%
2023 9.32% 4.23%
2022 9.27% 4.41%
2021 7.23% 1.48%
2020 2.42% -0.58%
2019 1.95% 0.82%
2018 4.27% 0.81%
2017 5.59% 0.25%
2016 6.4% -0.54%
2015 4.78% -0.62%
2014 2.92% 0.47%
2013 3.25% 1.59%
2012 8.89% 1.68%
2011 4.52% 3.49%
2010 3.91% 2.7%
2009 5.74% 3.37%
2008 4.86% 4.53%
2007 3.68% 0.47%
2006 2.31% 2.05%
2005 1.38% 1.34%
2004 3.96% -0.42%
2003 4.27% 0.71%
2002 1.42% 5.8%
2001 4.23% 1.12%
2000 0.34% 1.03%
1999 2.65% 5.19%
1998 4.95% 5.49%
1997 5.73% 8.95%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Algeria has recorded an average annual inflation rate of 4.33%, compared with 2.27% in Israel. In 2025, inflation was 1.42% in Algeria and 3.04% in Israel.

Balance of trade

Algeria Israel
Current account balance
-$2.75B
2024
$8.53B
2025
Current account balance ranking
151/190
2024
26/190
2025
Current account balance, % of GDP
-1.02%
2024
+1.4%
2025
Goods imports
$45.3B
2024
$102B
2025
Goods exports
$48.8B
2024
$76.2B
2025
Service imports
$9.13B
2024
$53.2B
2025
Service exports
$4.22B
2024
$92.4B
2025
Imports of goods and services, % of GDP
22.1%
2025
25.4%
2025
Exports of goods and services, % of GDP
16.8%
2025
27.6%
2025

Economic freedom indices

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

Algeria Israel
Economic freedom 45.8 68.4
Economic freedom ranking 179/197 47/197
Property rights 27.7 73.1
Government integrity 29.4 66.2
Judicial effectiveness 30 68.1
Tax burden 80.3 60.2
Government spending 61.9 52
Fiscal health 15.4 60.8
Business freedom 59.3 72.4
Labor freedom 52.2 56.8
Monetary freedom 74.7 78.2
Trade freedom 58.8 82.8
Investment freedom 30 70
Financial freedom 30 80

Economic freedom comparison by year

Algeria
Israel
1x
Year Economic freedom index
Algeria Israel
2026 45.8 68.4
2025 47.5 69.9
2024 43.9 70.1
2023 43.2 68.9
2022 45.8 68
2021 49.7 73.8
2020 46.9 74
2019 46.2 72.8
2018 44.7 72.2
2017 46.5 69.7
2016 50.1 70.7
2015 48.9 70.5
2014 50.8 68.4
2013 49.6 66.9
2012 51 67.8
2011 52.4 68.5
2010 56.9 67.7
2009 56.6 67.6
2008 56.2 66.3
2007 55.4 64.8
2006 55.7 64.4
2005 53.2 62.6
2004 58.1 61.4
2003 57.7 62.7
2002 61 66.9
2001 57.3 66.1
2000 56.8 65.5
1999 57.2 68.3
1998 55.8 68
1997 54.9 62.7
1996 54.5 62
1995 55.7 61.5

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

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

The Economic Freedom Index for Algeria is 45.8, ranking 179/197, compared to 68.4 for Israel, ranking 47/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Algeria Israel
Services, % of GDP
45.7%
2025
72.8%
2024
Industry, % of GDP
34.8%
2025
17.2%
2024
Agriculture, forestry, and fishing, % of GDP
14.5%
2025
1.29%
2024
GNI, Atlas method
$278B
2025
$569B
2025
GNI per capita, PPP
$18,240
2025
$58,870
2025
Total reserves including gold
$72.5B
2025
$229B
2025
Total reserves ranking
38/177
2025
18/177
2025
Net foreign direct investment
-$1.23B
2024
-$11.8B
2025
Net inflows of foreign direct investment
$1.23B
2024
$14.8B
2024
Net outflows of foreign direct investment
$265K
2024
$9.92B
2024
Servicing debt to the IMF, % of GNI
0.17%
2024
n/a
Poverty at national poverty lines
5.5%
2011
22%
2020
Gross capital formation, % of GDP
45.3%
2025
24.3%
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/israel | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)
  8. Central Intelligence Agency (CIA) (2020, 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.