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Economy of Algeria vs Kuwait compared: GDP & Debt

Updated on by Georank team

Algeria has a GDP of $269B compared to $160B for Kuwait, ranking 51/197 and 59/197 by economy size, respectively.

Algeria has $129B in government debt (48.1% of GDP), compared to $4.68B (2.92% of GDP) in Kuwait.

Algeria vs Kuwait GDP by year

Algeria
Kuwait
1x
Year GDP, current $
Algeria Kuwait
2024 $269,322,281,665 $160,227,273,053
2023 $247,923,887,215 $165,384,407,116
2022 $225,581,644,703 $183,502,046,694
2021 $186,231,205,262 $148,350,671,489
2020 $164,873,415,325 $111,045,470,606
2019 $193,459,662,091 $140,856,394,861
2018 $194,554,483,656 $138,646,316,351
2017 $189,880,896,903 $120,687,539,806
2016 $180,763,839,522 $109,406,674,125
2015 $187,493,855,609 $114,585,555,689
2014 $238,942,664,193 $162,650,450,685
2013 $229,701,430,292 $174,168,116,535
2012 $227,143,746,076 $174,047,662,680
2011 $218,331,946,925 $154,039,231,246
2010 $177,785,053,940 $115,416,245,242
2009 $150,317,292,079 $105,968,691,905
2008 $180,383,848,331 $147,379,737,230
2007 $142,482,739,810 $114,634,043,362
2006 $123,084,258,693 $101,557,330,723
2005 $107,046,618,670 $80,798,630,137
2004 $91,913,680,985 $59,439,090,601
2003 $73,482,264,191 $47,874,582,232
2002 $61,516,103,406 $38,135,788,414
2001 $59,413,400,924 $34,889,559,870
2000 $54,790,398,570 $37,718,743,480
1999 $48,640,671,735 $30,122,365,849
1998 $48,187,781,984 $25,943,705,784
1997 $48,177,612,042 $30,350,190,704
1996 $46,941,554,225 $31,492,373,309
1995 $41,764,291,672 $27,186,980,647
1994 $42,543,176,829 $24,848,483,838
1993 $49,945,584,453 $23,941,391,391
1992 $48,003,133,347 $19,858,555,215
1991 $45,715,676,428 $11,009,993,703
1990 $62,048,507,531 $18,427,777,778
1989 $55,634,721,573 $24,313,855,653
1988 $59,089,396,860 $20,690,322,153
1987 $66,745,818,375 $22,368,704,134
1986 $63,692,007,897 $17,903,989,745
1985 $57,937,868,670 $21,445,970,614
1984 $53,698,548,293 $21,700,082,753
1983 $48,801,369,800 $20,871,081,080
1982 $45,207,167,470 $21,577,153,356
1981 $44,348,590,461 $25,058,020,338
1980 $42,345,829,079 $28,638,868,356
1979 $33,243,706,860 $24,749,063,922
1978 $26,364,491,313 $15,503,557,496
1977 $20,972,113,685 $14,137,406,741
1976 $17,728,240,932 $13,132,252,802
1975 $15,557,902,754 $12,022,811,621
1974 $13,209,871,626 $13,006,948,296
1973 $8,707,858,912 $5,408,804,607
1972 $6,766,743,957 $4,450,537,925
1971 $5,077,183,094 $3,880,392,195
1970 $4,863,526,897 $2,873,638,851
1969 $4,257,253,264 $2,769,198,892
1968 $3,852,147,027 $2,662,798,935
1967 $3,370,870,376 $2,441,599,023
1966 $3,039,859,187 $2,391,199,044
1965 $3,136,284,307 $2,097,199,161
1964 $2,909,316,435 $2,071,668,533
1963 $2,702,982,018 $1,900,895,857
1962 $2,001,444,544 $1,828,107,503
1961 $2,434,747,056 -
1960 $2,723,615,451 -

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

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

GDP per capita in Algeria vs Kuwait by year

Algeria
GDP per capita

GDP per capita, PPP
Kuwait
GDP per capita

GDP per capita, PPP
1x
Year Current $
Algeria Kuwait
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $5,753 $17,621 $32,718 $52,444
2023 $5,370 $16,824 $34,076 $53,025
2022 $4,960 $15,836 $39,982 $55,043
2021 $4,161 $14,497 $34,019 $50,652
2020 $3,744 $12,677 $25,236 $41,462
2019 $4,468 $13,893 $31,708 $50,703
2018 $4,577 $13,727 $32,068 $51,371
2017 $4,555 $13,494 $29,048 $46,566
2016 $4,425 $13,438 $27,324 $41,862
2015 $4,685 $13,807 $29,882 $45,267
2014 $6,095 $14,694 $44,369 $68,337
2013 $5,980 $14,371 $49,651 $76,813
2012 $6,034 $14,441 $52,155 $82,090
2011 $5,916 $14,640 $49,170 $79,037
2010 $4,913 $14,201 $39,212 $75,184
2009 $4,235 $13,651 $37,907 $80,110
2008 $5,181 $13,666 $55,585 $90,337
2007 $4,167 $13,321 $45,709 $91,435
2006 $3,661 $12,791 $42,947 $89,075
2005 $3,233 $12,246 $36,123 $84,968
2004 $2,817 $11,432 $27,552 $77,227
2003 $2,284 $10,803 $22,691 $69,752
2002 $1,937 $10,080 $18,513 $59,713
2001 $1,896 $9,544 $17,374 $58,553
2000 $1,773 $9,187 $19,296 $58,703
1999 $1,596 $8,776 $15,854 $56,406
1998 $1,603 $8,503 $14,067 $58,344
1997 $1,629 $8,129 $16,977 $57,420
1996 $1,617 $8,053 $18,201 $56,913
1995 $1,467 $7,747 $16,168 $57,163
1994 $1,526 $7,463 $14,930 $53,946
1993 $1,831 $7,538 $14,318 $48,482
1992 $1,803 $7,705 $12,146 $36,149
1991 $1,759 $7,582 $8,147 $23,390
1990 $2,445 $7,602 $10,938 $30,763
1989 $2,247 - $10,965 -
1988 $2,451 - $9,692 -
1987 $2,847 - $10,896 -
1986 $2,800 - $9,077 -
1985 $2,633 - $11,322 -
1984 $2,524 - $11,919 -
1983 $2,374 - $11,965 -
1982 $2,275 - $12,979 -
1981 $2,307 - $15,825 -
1980 $2,276 - $19,032 -
1979 $1,843 - $17,386 -
1978 $1,506 - $11,567 -
1977 $1,232 - $11,238 -
1976 $1,080 - $11,141 -
1975 $992 - $10,882 -
1974 $873 - $12,527 -
1973 $590 - $5,532 -
1972 $469 - $4,836 -
1971 $360 - $4,486 -
1970 $353 - $3,552 -
1969 $316 - $3,695 -
1968 $292.4 - $3,872 -
1967 $261.8 - $3,887 -
1966 $241.4 - $4,176 -
1965 $253.6 - $4,024 -
1964 $238.9 - $4,379 -
1963 $225.6 - $4,445 -
1962 $169.6 - $4,748 -
1961 $209.4 - - -
1960 $238.4 - - -

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

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

Algeria's GDP per capita is $5,753, ranking 114/197, compared to $32,718 in Kuwait, ranking 37/197. Adjusted for purchasing power (GDP per capita PPP), Algeria ranks 105th at $17,621, while Kuwait ranks 40th at $52,444.

Economic indicators

Algeria Kuwait
Gross domestic product
$269B
2024
$160B
2024
GDP rank
51/197
2024
59/197
2024
GDP growth
3.7%
2023-2024
-2.56%
2023-2024
GDP per capita
$5,753
2024
$32,718
2024
GDP per capita rank
114/197
2024
37/197
2024
GDP per capita, PPP
$17,621
2024
$52,444
2024
GDP per capita PPP rank
105/197
2024
40/197
2024
Government debt
$129B
2024
$4.68B
2024
Debt-to-GDP ratio
48.1%
2024
2.92%
2024
Government debt per person
$2,765
2024
$956
2024
Government debt per person rank
106/185
2024
143/185
2024
Average annual personal income after taxes
$3,787
2026
$23,828
2026
Market capitalization of domestic companies
$371M
2018
$141B
2024
Number of billionaires
1
2025
n/a
Income share by richest 10%
22.9%
2011
n/a
Income share by poorest 10%
4%
2011
n/a
Government expenditure, % of GDP
36.8%
2024
50.4%
2024
Consumer prices inflation
4.05%
2023-2024
2.9%
2023-2024
Central bank interest rate
3%
2020
3.5%
2025
Unemployment rate
12%
2017
2.16%
2016
Population
48222325
5100145

Spending and national debt comparison by year

Algeria
Spending

Debt
Kuwait
Spending

Debt
1x
Year % of GDP
Algeria Kuwait
Government spending Government debt Government spending Government debt
2024 36.8% 48.1% 50.4% 2.92%
2023 37.4% 47.7% 48.3% 3.13%
2022 32.7% 48.1% 39.6% 2.95%
2021 32.5% 55.1% 48.3% 7.2%
2020 37.5% 46% 62.9% 10.2%
2019 37.1% 40.9% 50.3% 10.5%
2018 36.2% 34.5% 51.1% 14.3%
2017 36.2% 24% 51.9% 19.6%
2016 37.2% 18.1% 54.1% 9.88%
2015 40.9% 7.73% 55.4% 4.6%
2014 36.9% 6.85% 45% 3.43%
2013 33.5% 6.48% 38.4% 3.09%
2012 40% 8.58% 38.2% 3.6%
2011 37.7% 8.48% 39.7% 4.64%
2010 35.1% 9.51% 45.5% 6.16%
2009 40.1% 8.92% 42.9% 6.65%
2008 37.3% 7.64% 40.9% 5.38%
2007 33.1% 12.8% 30.4% 7.05%
2006 27.8% 22.5% 32.3% 7.79%
2005 27.8% 25.4% 28.8% 10.2%
2004 27.1% 32.7% 35.3% 13.9%
2003 27% 38.2% 38.2% 17.2%
2002 32.5% 47.3% 42.8% 21.3%
2001 29.1% 50% 41.4% 23%
2000 26.4% 53.4% 29.9% 21.4%
1999 29.4% 69.7% 44.5% 25.5%
1998 28.7% 79.9% 51.7% 25.6%
1997 28.5% 79.6% 43.8% 24.3%
1996 26.9% 90.7% 42.8% 26.5%
1995 28.9% 95.9% 52% 34.9%
1994 30.9% 106.3% 57.8% 37.7%
1993 32.6% 76.8% 58.2% 28.8%
1992 28.2% 69.3% 77.6% 27.9%
1991 27.6% 86.1% 208.9% 45.3%
1990 23.3% 63.6% 122.9% -

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/kuwait | CC BY

In 2024, Algeria's government spending was $99.1B, accounting for 36.8% of its GDP, while Kuwait spent $80.8B, or 50.4% of GDP.

Debt-to-GDP ratio is 48.1% in Algeria and 2.92% in Kuwait, ranking 113/185 and 184/185, respectively.

Government deficit by year

Deficit/surplus
Algeria

Kuwait
1x
Year Deficit/surplus, % of GDP
Algeria Kuwait
2024 -13.8% 23.8%
2023 -5.52% 28.2%
2022 -2.96% 30%
2021 -6.32% 9.98%
2020 -10.5% 0.14%
2019 -8.51% 13%
2018 -6.15% 17.5%
2017 -7.55% 15.3%
2016 -11.8% 13.1%
2015 -13.9% 16.6%
2014 -7.14% 30%
2013 -0.79% 40.6%
2012 -4.04% 40.7%
2011 -1.06% 38.8%
2010 -1.35% 31.9%
2009 -6.53% 31.3%
2008 7.79% 21.3%
2007 4.63% 37.1%
2006 12.9% 28%
2005 11.4% 38.9%
2004 6.36% 32.5%
2003 7.22% 27.2%
2002 0.21% 31%
2001 3.15% 45.2%
2000 8.91% 52.5%
1999 -1.83% 28.2%
1998 -3.52% 19.5%
1997 2.19% 29.5%
1996 2.7% 24.3%
1995 -1.3% 11.7%
1994 -4.05% 1.76%
1993 -7.79% -3.12%
1992 -1.05% -28.1%
1991 1.53% -145%
1990 3.35% -50%

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

GeoRank.org/economy/algeria/kuwait | 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 Kuwait's surplus of $38.1B, or 23.8% of GDP.

Over the past 35 years, Algeria recorded a fiscal deficit in 22 of those years, while Kuwait ran a deficit in 4 years. On average, Algeria posted an annual deficit equal to 1.58% of GDP, compared to surplus of 16.7% of GDP for Kuwait.

Inflation comparison by year

Inflation
Algeria

Kuwait
1x
Year Consumer prices inflation
Algeria Kuwait
2024 4.05% 2.9%
2023 9.32% 3.64%
2022 9.27% 3.98%
2021 7.23% 3.42%
2020 2.42% 2.1%
2019 1.95% 1.09%
2018 4.27% 0.54%
2017 5.59% 2.17%
2016 6.4% 3.2%
2015 4.78% 3.27%
2014 2.92% 2.91%
2013 3.25% 2.68%
2012 8.89% 3.26%
2011 4.52% 4.84%
2010 3.91% 4.5%
2009 5.74% 4.61%
2008 4.86% 10.6%
2007 3.68% 5.48%
2006 2.31% 3.06%
2005 1.38% 4.14%
2004 3.96% 1.25%
2003 4.27% 0.96%
2002 1.42% 0.89%
2001 4.23% 1.3%
2000 0.34% 1.81%
1999 2.65% 2.99%
1998 4.95% 0.13%
1997 5.73% 0.68%

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

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

Over the past 28 years, Algeria has recorded an average annual inflation rate of 4.44%, compared with 2.94% in Kuwait. In 2024, inflation was 4.05% in Algeria and 2.9% in Kuwait.

Top exports between countries

Algeria
Export category Export value
Raw materials & minerals $77.9M
Raw agricultural goods $1.97M
Wood & paper products $23K
Processed food, beverages & tobacco $9K
Kuwait
Export category Export value
Chemicals & pharma $13M
Raw materials & minerals $6.26M
Machinery & equipment $1.22M
Textiles & consumer goods $440K
Metals $317K
Miscellaneous $22K

Balance of trade

Algeria Kuwait
Current account balance
-$2.75B
2024
$46.7B
2024
Current account balance ranking
154/190
2024
15/190
2024
Current account balance, % of GDP
-1.02%
2024
+29.1%
2024
Goods imports
$45.3B
2024
$33.4B
2024
Goods exports
$48.8B
2024
$77.5B
2024
Service imports
$9.13B
2024
$28.1B
2024
Service exports
$4.22B
2024
$12.2B
2024
Imports of goods and services, % of GDP
20.3%
2024
38.3%
2023
Exports of goods and services, % of GDP
19.9%
2024
57.7%
2023

Economic freedom indices

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

Algeria Kuwait
Economic freedom 45.8 59.9
Economic freedom ranking 179/197 100/197
Property rights 27.7 42
Government integrity 29.4 47.9
Judicial effectiveness 30 43.4
Tax burden 80.3 97.7
Government spending 61.9 36.2
Fiscal health 15.4 99.9
Business freedom 59.3 57.4
Labor freedom 52.2 49.2
Monetary freedom 74.7 68.7
Trade freedom 58.8 75.8
Investment freedom 30 50
Financial freedom 30 50

Economic freedom comparison by year

Algeria
Kuwait
1x
Year Economic freedom index
Algeria Kuwait
2026 45.8 59.9
2025 47.5 59.9
2024 43.9 58.5
2023 43.2 56.7
2022 45.8 58.3
2021 49.7 64.1
2020 46.9 63.2
2019 46.2 60.8
2018 44.7 62.2
2017 46.5 65.1
2016 50.1 62.7
2015 48.9 62.5
2014 50.8 62.3
2013 49.6 63.1
2012 51 62.5
2011 52.4 64.9
2010 56.9 67.7
2009 56.6 65.6
2008 56.2 68.1
2007 55.4 66.4
2006 55.7 66.5
2005 53.2 64.6
2004 58.1 63.6
2003 57.7 66.7
2002 61 65.4
2001 57.3 68.2
2000 56.8 69.7
1999 57.2 69.5
1998 55.8 66.3
1997 54.9 64.8
1996 54.5 66.1
1995 55.7 -

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

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

The Economic Freedom Index for Algeria is 45.8, ranking 179/197, compared to 59.9 for Kuwait, ranking 100/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Algeria Kuwait
Services, % of GDP
46.8%
2024
55.9%
2024
Industry, % of GDP
36.2%
2024
57.1%
2024
Agriculture, forestry, and fishing, % of GDP
14%
2024
0.49%
2024
GNI, Atlas method
$252B
2024
$200B
2024
GNI per capita, PPP
$17,290
2024
$63,270
2024
Total reserves including gold
$83B
2024
$50.7B
2024
Total reserves ranking
31/177
2024
41/177
2024
Net foreign direct investment
-$1.23B
2024
$9.71B
2024
Net inflows of foreign direct investment
$1.23B
2024
$615M
2024
Net outflows of foreign direct investment
$265K
2024
$10.3B
2024
Servicing debt to the IMF, % of GNI
0.17%
2024
n/a
Poverty at national poverty lines
5.5%
2011
n/a
Gross capital formation, % of GDP
41.1%
2024
17.7%
2023

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/kuwait | 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.