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Economy of Algeria vs Ivory Coast compared: GDP & Debt

Updated on by Georank team

Algeria has a GDP of $269B compared to $87.1B for Ivory Coast, ranking 51/197 and 77/197 by economy size, respectively.

Algeria has $129B in government debt (48.1% of GDP), compared to $51.6B (59.3% of GDP) in Ivory Coast.

Algeria vs Ivory Coast GDP by year

Algeria
Ivory Coast
1x
Year GDP, current $
Algeria Ivory Coast
2024 $269,322,281,665 $87,113,179,149
2023 $247,923,887,215 $80,780,312,569
2022 $225,581,644,703 $70,922,824,814
2021 $186,231,205,262 $72,794,636,654
2020 $164,873,415,325 $63,027,852,805
2019 $193,459,662,091 $60,382,894,697
2018 $194,554,483,656 $58,522,477,787
2017 $189,880,896,903 $52,512,343,997
2016 $180,763,839,522 $48,407,761,037
2015 $187,493,855,609 $45,815,005,169
2014 $238,942,664,193 $48,843,005,614
2013 $229,701,430,292 $42,760,235,485
2012 $227,143,746,076 $36,302,302,877
2011 $218,331,946,925 $36,693,710,801
2010 $177,785,053,940 $34,936,307,980
2009 $150,317,292,079 $33,886,813,250
2008 $180,383,848,331 $34,078,240,293
2007 $142,482,739,810 $28,760,090,953
2006 $123,084,258,693 $25,281,413,263
2005 $107,046,618,670 $24,036,918,703
2004 $91,913,680,985 $23,510,575,681
2003 $73,482,264,191 $21,251,754,340
2002 $61,516,103,406 $18,054,383,321
2001 $59,413,400,924 $16,810,537,044
2000 $54,790,398,570 $16,577,533,892
1999 $48,640,671,735 $18,870,992,456
1998 $48,187,781,984 $19,619,654,756
1997 $48,177,612,042 $18,047,558,038
1996 $46,941,554,225 $18,071,152,831
1995 $41,764,291,672 $11,000,146,267
1994 $42,543,176,829 $8,313,557,510
1993 $49,945,584,453 $11,045,760,288
1992 $48,003,133,347 $11,152,971,274
1991 $45,715,676,428 $10,492,628,581
1990 $62,048,507,531 $10,795,850,583
1989 $55,634,721,573 $9,757,410,645
1988 $59,089,396,860 $10,255,169,806
1987 $66,745,818,375 $10,087,654,465
1986 $63,692,007,897 $9,158,302,100
1985 $57,937,868,670 $6,977,650,644
1984 $53,698,548,293 $6,841,639,247
1983 $48,801,369,800 $6,838,184,773
1982 $45,207,167,470 $7,567,110,849
1981 $44,348,590,461 $8,432,589,942
1980 $42,345,829,079 $10,175,617,609
1979 $33,243,706,860 $9,142,933,967
1978 $26,364,491,313 $7,900,526,298
1977 $20,972,113,685 $6,265,068,189
1976 $17,728,240,932 $4,662,053,825
1975 $15,557,902,754 $3,893,839,190
1974 $13,209,871,626 $3,070,152,309
1973 $8,707,858,912 $2,508,421,426
1972 $6,766,743,957 $1,849,400,402
1971 $5,077,183,094 $1,584,128,509
1970 $4,863,526,897 $1,455,482,795
1969 $4,257,253,264 $1,361,360,293
1968 $3,852,147,027 $1,281,281,277
1967 $3,370,870,376 $1,082,922,725
1966 $3,039,859,187 $1,024,102,880
1965 $3,136,284,307 $919,771,229
1964 $2,909,316,435 $921,063,327
1963 $2,702,982,018 $761,047,198
1962 $2,001,444,544 $645,284,474
1961 $2,434,747,056 $618,245,634
1960 $2,723,615,451 $546,203,559

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

GeoRank.org/economy/algeria/ivory-coast | CC BY

GDP per capita in Algeria vs Ivory Coast by year

Algeria
GDP per capita

GDP per capita, PPP
Ivory Coast
GDP per capita

GDP per capita, PPP
1x
Year Current $
Algeria Ivory Coast
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $5,753 $17,621 $2,728 $7,669
2023 $5,370 $16,824 $2,592 $7,237
2022 $4,960 $15,836 $2,333 $6,719
2021 $4,161 $14,497 $2,456 $6,045
2020 $3,744 $12,677 $2,180 $5,544
2019 $4,468 $13,893 $2,142 $5,516
2018 $4,577 $13,727 $2,131 $4,946
2017 $4,555 $13,494 $1,964 $4,690
2016 $4,425 $13,438 $1,863 $4,531
2015 $4,685 $13,807 $1,815 $4,404
2014 $6,095 $14,694 $1,991 $4,074
2013 $5,980 $14,371 $1,786 $3,619
2012 $6,034 $14,441 $1,547 $3,291
2011 $5,916 $14,640 $1,597 $3,176
2010 $4,913 $14,201 $1,554 $3,361
2009 $4,235 $13,651 $1,540 $3,177
2008 $5,181 $13,666 $1,584 $3,116
2007 $4,167 $13,321 $1,368 $2,985
2006 $3,661 $12,791 $1,230 $2,942
2005 $3,233 $12,246 $1,198 $2,842
2004 $2,817 $11,432 $1,200 $2,794
2003 $2,284 $10,803 $1,111 $2,702
2002 $1,937 $10,080 $968 $2,851
2001 $1,896 $9,544 $925 $2,962
2000 $1,773 $9,187 $937 $3,041
1999 $1,596 $8,776 $1,096 $3,065
1998 $1,603 $8,503 $1,177 $3,086
1997 $1,629 $8,129 $1,125 $3,040
1996 $1,617 $8,053 $1,170 $2,832
1995 $1,467 $7,747 $740 $2,683
1994 $1,526 $7,463 $582 $2,551
1993 $1,831 $7,538 $804 $2,577
1992 $1,803 $7,705 $845 $2,625
1991 $1,759 $7,582 $827 $2,677
1990 $2,445 $7,602 $886 $2,693
1989 $2,247 - $833 -
1988 $2,451 - $910 -
1987 $2,847 - $930 -
1986 $2,800 - $877 -
1985 $2,633 - $695 -
1984 $2,524 - $709 -
1983 $2,374 - $737 -
1982 $2,275 - $849 -
1981 $2,307 - $986 -
1980 $2,276 - $1,238 -
1979 $1,843 - $1,157 -
1978 $1,506 - $1,039 -
1977 $1,232 - $856 -
1976 $1,080 - $661 -
1975 $992 - $575 -
1974 $873 - $474 -
1973 $590 - $406 -
1972 $469 - $313 -
1971 $360 - $280.3 -
1970 $353 - $269 -
1969 $316 - $262.2 -
1968 $292.4 - $256.8 -
1967 $261.8 - $225.6 -
1966 $241.4 - $221.8 -
1965 $253.6 - $207 -
1964 $238.9 - $215.5 -
1963 $225.6 - $185.1 -
1962 $169.6 - $163.1 -
1961 $209.4 - $162.3 -
1960 $238.4 - $148.7 -

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

GeoRank.org/economy/algeria/ivory-coast | CC BY

Algeria's GDP per capita is $5,753, ranking 114/197, compared to $2,728 in Ivory Coast, ranking 142/197. Adjusted for purchasing power (GDP per capita PPP), Algeria ranks 105th at $17,621, while Ivory Coast ranks 145th at $7,669.

Economic indicators

Algeria Ivory Coast
Gross domestic product
$269B
2024
$87.1B
2024
GDP rank
51/197
2024
77/197
2024
GDP growth
3.7%
2023-2024
6.02%
2023-2024
GDP per capita
$5,753
2024
$2,728
2024
GDP per capita rank
114/197
2024
142/197
2024
GDP per capita, PPP
$17,621
2024
$7,669
2024
GDP per capita PPP rank
105/197
2024
145/197
2024
Government debt
$129B
2024
$51.6B
2024
Debt-to-GDP ratio
48.1%
2024
59.3%
2024
Government debt per person
$2,765
2024
$1,616
2024
Government debt per person rank
106/185
2024
125/185
2024
Average annual personal income after taxes
$3,787
2026
$2,733
2026
Market capitalization of domestic companies
$371M
2018
$7.33B
2020
Number of billionaires
1
2025
n/a
Income share by richest 10%
22.9%
2011
27.8%
2021
Income share by poorest 10%
4%
2011
3.1%
2021
Government expenditure, % of GDP
36.8%
2024
20.4%
2024
Consumer prices inflation
4.05%
2023-2024
3.45%
2023-2024
Central bank interest rate
3%
2020
n/a
Unemployment rate
12%
2017
2.31%
2022
Population
48222325
33722528

Spending and national debt comparison by year

Algeria
Spending

Debt
Ivory Coast
Spending

Debt
1x
Year % of GDP
Algeria Ivory Coast
Government spending Government debt Government spending Government debt
2024 36.8% 48.1% 20.4% 59.3%
2023 37.4% 47.7% 21.3% 57.5%
2022 32.7% 48.1% 21.9% 56%
2021 32.5% 55.1% 20.5% 50.2%
2020 37.5% 46% 20.4% 46.3%
2019 37.1% 40.9% 17.2% 37.2%
2018 36.2% 34.5% 17.6% 35.3%
2017 36.2% 24% 18.1% 32.6%
2016 37.2% 18.1% 17.6% 31.1%
2015 40.9% 7.73% 16.5% 29.2%
2014 36.9% 6.85% 15.2% 26.7%
2013 33.5% 6.48% 15.9% 24.6%
2012 40% 8.58% 16.1% 24.7%
2011 37.7% 8.48% 13.2% 50%
2010 35.1% 9.51% 14.5% 45.6%
2009 40.1% 8.92% 14.4% 46.5%
2008 37.3% 7.64% 14.6% 51.2%
2007 33.1% 12.8% 14.8% 53.5%
2006 27.8% 22.5% 14.5% 57.5%
2005 27.8% 25.4% 13.6% 58.2%
2004 27.1% 32.7% 13.5% 56.7%
2003 27% 38.2% 12.7% 56.4%
2002 32.5% 47.3% 13.1% 63%
2001 29.1% 50% 11.4% 71.2%
2000 26.4% 53.4% 12.9% 74%
1999 29.4% 69.7% 13.7% 78%
1998 28.7% 79.9% 14.6% 75.2%
1997 28.5% 79.6% 15.2% 84.2%
1996 26.9% 90.7% - -
1995 28.9% 95.9% - -
1994 30.9% 106.3% - -
1993 32.6% 76.8% - -
1992 28.2% 69.3% - -
1991 27.6% 86.1% - -
1990 23.3% 63.6% - -

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/ivory-coast | CC BY

In 2024, Algeria's government spending was $99.1B, accounting for 36.8% of its GDP, while Ivory Coast spent $17.7B, or 20.4% of GDP.

Debt-to-GDP ratio is 48.1% in Algeria and 59.3% in Ivory Coast, ranking 113/185 and 82/185, respectively.

Government deficit by year

Deficit/surplus
Algeria

Ivory Coast
1x
Year Deficit/surplus, % of GDP
Algeria Ivory Coast
2024 -13.8% -3.97%
2023 -5.52% -5.19%
2022 -2.96% -6.74%
2021 -6.32% -4.86%
2020 -10.5% -5.42%
2019 -8.51% -2.22%
2018 -6.15% -2.9%
2017 -7.55% -3.27%
2016 -11.8% -2.98%
2015 -13.9% -2.04%
2014 -7.14% -1.57%
2013 -0.79% -1.62%
2012 -4.04% -2.28%
2011 -1.06% -2.89%
2010 -1.35% -1.34%
2009 -6.53% -1%
2008 7.79% -0.21%
2007 4.63% -0.39%
2006 12.9% -1.03%
2005 11.4% -1.03%
2004 6.36% -1.04%
2003 7.22% -1.26%
2002 0.21% -0.64%
2001 3.15% 0.7%
2000 8.91% -0.83%
1999 -1.83% -1.27%
1998 -3.52% -0.7%
1997 2.19% -0.75%
1996 2.7% -
1995 -1.3% -
1994 -4.05% -
1993 -7.79% -
1992 -1.05% -
1991 1.53% -
1990 3.35% -

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

GeoRank.org/economy/algeria/ivory-coast | 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 Ivory Coast's deficit of $3.45B, or 3.97% of GDP.

Over the past 28 years, Algeria recorded a fiscal deficit in 18 of those years, while Ivory Coast ran a deficit in 27 years. On average, Algeria posted an annual deficit equal to 1.73% of GDP, compared to deficit of 2.1% of GDP for Ivory Coast.

Inflation comparison by year

Inflation
Algeria

Ivory Coast
1x
Year Consumer prices inflation
Algeria Ivory Coast
2024 4.05% 3.45%
2023 9.32% 4.37%
2022 9.27% 5.23%
2021 7.23% 4.16%
2020 2.42% 2.41%
2019 1.95% 0.79%
2018 4.27% 0.4%
2017 5.59% 0.69%
2016 6.4% 0.72%
2015 4.78% 1.25%
2014 2.92% 0.45%
2013 3.25% 2.58%
2012 8.89% 1.3%
2011 4.52% 4.91%
2010 3.91% 1.23%
2009 5.74% 1.02%
2008 4.86% 6.31%
2007 3.68% 1.89%
2006 2.31% 2.47%
2005 1.38% 3.89%
2004 3.96% 1.46%
2003 4.27% 3.3%
2002 1.42% 3.08%
2001 4.23% 4.36%
2000 0.34% 2.53%
1999 2.65% 0.7%
1998 4.95% 4.61%
1997 5.73% 4.02%

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

GeoRank.org/economy/algeria/ivory-coast | CC BY

Over the past 28 years, Algeria has recorded an average annual inflation rate of 4.44%, compared with 2.63% in Ivory Coast. In 2024, inflation was 4.05% in Algeria and 3.45% in Ivory Coast.

Top exports between countries

Algeria
Export category Export value
Raw materials & minerals $5.05M
Chemicals & pharma $469K
Processed food, beverages & tobacco $278K
Wood & paper products $200K
Raw agricultural goods $185K
Textiles & consumer goods $108K
Miscellaneous $30K
Machinery & equipment $28K
Metals $8K
Ivory Coast
Export category Export value
Raw agricultural goods $93.4M
Raw materials & minerals $7.46M
Processed food, beverages & tobacco $3.98M
Textiles & consumer goods $243K
Wood & paper products $97K
Chemicals & pharma $61K
Machinery & equipment $29K
Metals $5K
Precious metals & jewellery $2K

Balance of trade

Algeria Ivory Coast
Current account balance
-$2.75B
2024
-$9.21B
2023
Current account balance ranking
154/190
2024
175/190
2023
Current account balance, % of GDP
-1.02%
2024
-11.4%
2023
Goods imports
$45.3B
2024
$15.4B
2023
Goods exports
$48.8B
2024
$17.1B
2023
Service imports
$9.13B
2024
$8.78B
2023
Service exports
$4.22B
2024
$1.5B
2023
Imports of goods and services, % of GDP
20.3%
2024
25.2%
2024
Exports of goods and services, % of GDP
19.9%
2024
26%
2024

Economic freedom indices

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

Algeria Ivory Coast
Economic freedom 45.8 58.1
Economic freedom ranking 179/197 111/197
Property rights 27.7 43.9
Government integrity 29.4 39.3
Judicial effectiveness 30 30.2
Tax burden 80.3 81.6
Government spending 61.9 86.6
Fiscal health 15.4 48
Business freedom 59.3 68.3
Labor freedom 52.2 57.1
Monetary freedom 74.7 67.6
Trade freedom 58.8 74.4
Investment freedom 30 50
Financial freedom 30 50

Economic freedom comparison by year

Algeria
Ivory Coast
1x
Year Economic freedom index
Algeria Ivory Coast
2026 45.8 58.1
2025 47.5 57.8
2024 43.9 58.4
2023 43.2 60.4
2022 45.8 61.6
2021 49.7 61.7
2020 46.9 59.7
2019 46.2 62.4
2018 44.7 62
2017 46.5 63
2016 50.1 60
2015 48.9 58.5
2014 50.8 57.7
2013 49.6 54.1
2012 51 54.3
2011 52.4 55.4
2010 56.9 54.1
2009 56.6 55
2008 56.2 53.9
2007 55.4 54.9
2006 55.7 56.2
2005 53.2 56.6
2004 58.1 57.8
2003 57.7 56.7
2002 61 57.3
2001 57.3 54.8
2000 56.8 50.2
1999 57.2 51.7
1998 55.8 51.3
1997 54.9 50.5
1996 54.5 49.9
1995 55.7 53.4

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

GeoRank.org/economy/algeria/ivory-coast | CC BY

The Economic Freedom Index for Algeria is 45.8, ranking 179/197, compared to 58.1 for Ivory Coast, ranking 111/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Algeria Ivory Coast
Services, % of GDP
46.8%
2024
51.9%
2024
Industry, % of GDP
36.2%
2024
24%
2024
Agriculture, forestry, and fishing, % of GDP
14%
2024
15.9%
2024
GNI, Atlas method
$252B
2024
$80.9B
2024
GNI per capita, PPP
$17,290
2024
$7,360
2024
Total reserves including gold
$83B
2024
n/a
Total reserves ranking
31/177
2024
n/a
Net foreign direct investment
-$1.23B
2024
-$2B
2023
Net inflows of foreign direct investment
$1.23B
2024
$3.12B
2024
Net outflows of foreign direct investment
$265K
2024
$228M
2024
Servicing debt to the IMF, % of GNI
0.17%
2024
6.44%
2024
Poverty at national poverty lines
5.5%
2011
37.5%
2021
Gross capital formation, % of GDP
41.1%
2024
20.9%
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/ivory-coast | 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 (2017–2024, 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.