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Economy of Algeria vs Lebanon compared: GDP & Debt

Updated on by Georank team

Algeria has a GDP of $269B compared to $20.1B for Lebanon, ranking 51/197 and 128/197 by economy size, respectively.

Algeria has $129B in government debt (48.1% of GDP), compared to $38.7B (163.8% of GDP) in Lebanon.

Algeria vs Lebanon GDP by year

Algeria
Lebanon
1x
Year GDP, current $
Algeria Lebanon
2024 $269,322,281,665 -
2023 $247,923,887,215 $20,078,620,357
2022 $225,581,644,703 $20,992,421,949
2021 $186,231,205,262 $23,131,941,557
2020 $164,873,415,325 $31,712,128,254
2019 $193,459,662,091 $51,605,959,131
2018 $194,554,483,656 $54,901,519,156
2017 $189,880,896,903 $53,027,680,686
2016 $180,763,839,522 $51,147,308,774
2015 $187,493,855,609 $49,929,337,837
2014 $238,942,664,193 $48,095,213,747
2013 $229,701,430,292 $46,880,103,081
2012 $227,143,746,076 $44,016,799,516
2011 $218,331,946,925 $39,927,125,962
2010 $177,785,053,940 $38,443,907,042
2009 $150,317,292,079 $35,399,582,929
2008 $180,383,848,331 $29,118,916,105
2007 $142,482,739,810 $24,827,355,015
2006 $123,084,258,693 $22,022,709,851
2005 $107,046,618,670 $21,497,336,499
2004 $91,913,680,985 $21,159,827,992
2003 $73,482,264,191 $20,082,918,740
2002 $61,516,103,406 $19,152,238,806
2001 $59,413,400,924 $17,649,751,244
2000 $54,790,398,570 $17,260,364,842
1999 $48,640,671,735 $17,391,056,369
1998 $48,187,781,984 $17,247,179,006
1997 $48,177,612,042 $15,751,867,489
1996 $46,941,554,225 $13,690,217,334
1995 $41,764,291,672 $11,718,795,529
1994 $42,543,176,829 $9,599,127,050
1993 $49,945,584,453 $7,941,744,492
1992 $48,003,133,347 $5,843,579,161
1991 $45,715,676,428 $4,690,415,093
1990 $62,048,507,531 $2,838,485,354
1989 $55,634,721,573 $2,717,998,688
1988 $59,089,396,860 $3,313,540,068
1987 $66,745,818,375 -
1986 $63,692,007,897 -
1985 $57,937,868,670 -
1984 $53,698,548,293 -
1983 $48,801,369,800 -
1982 $45,207,167,470 -
1981 $44,348,590,461 -
1980 $42,345,829,079 -
1979 $33,243,706,860 -
1978 $26,364,491,313 -
1977 $20,972,113,685 -
1976 $17,728,240,932 -
1975 $15,557,902,754 -
1974 $13,209,871,626 -
1973 $8,707,858,912 -
1972 $6,766,743,957 -
1971 $5,077,183,094 -
1970 $4,863,526,897 -
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 (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Algeria vs Lebanon by year

Algeria
GDP per capita

GDP per capita, PPP
Lebanon
GDP per capita

GDP per capita, PPP
1x
Year Current $
Algeria Lebanon
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $5,753 $17,621 - -
2023 $5,370 $16,824 $3,478 $12,575
2022 $4,960 $15,836 $3,654 $12,293
2021 $4,161 $14,497 $4,045 $11,600
2020 $3,744 $12,677 $5,561 $16,260
2019 $4,468 $13,893 $8,906 $21,710
2018 $4,577 $13,727 $9,175 $21,985
2017 $4,555 $13,494 $8,608 $20,964
2016 $4,425 $13,438 $8,089 $18,941
2015 $4,685 $13,807 $7,714 $17,046
2014 $6,095 $14,694 $7,578 $16,140
2013 $5,980 $14,371 $8,162 $16,316
2012 $6,034 $14,441 $8,407 $16,121
2011 $5,916 $14,640 $7,835 $14,975
2010 $4,913 $14,201 $7,626 $14,704
2009 $4,235 $13,651 $7,091 $13,586
2008 $5,181 $13,666 $5,912 $12,416
2007 $4,167 $13,321 $5,125 $11,356
2006 $3,661 $12,791 $4,635 $10,312
2005 $3,233 $12,246 $4,602 $10,020
2004 $2,817 $11,432 $4,601 $9,609
2003 $2,284 $10,803 $4,438 $8,914
2002 $1,937 $10,080 $4,291 $8,586
2001 $1,896 $9,544 $4,010 $8,289
2000 $1,773 $9,187 $3,987 $7,938
1999 $1,596 $8,776 $4,087 $7,793
1998 $1,603 $8,503 $4,125 $7,861
1997 $1,629 $8,129 $3,834 $7,632
1996 $1,617 $8,053 $3,393 $7,560
1995 $1,467 $7,747 $2,959 $6,796
1994 $1,526 $7,463 $2,468 $6,367
1993 $1,831 $7,538 $2,079 $5,871
1992 $1,803 $7,705 $1,559 $5,279
1991 $1,759 $7,582 $1,278 $4,527
1990 $2,445 $7,602 $790 $2,990
1989 $2,247 - $771 -
1988 $2,451 - $959 -
1987 $2,847 - - -
1986 $2,800 - - -
1985 $2,633 - - -
1984 $2,524 - - -
1983 $2,374 - - -
1982 $2,275 - - -
1981 $2,307 - - -
1980 $2,276 - - -
1979 $1,843 - - -
1978 $1,506 - - -
1977 $1,232 - - -
1976 $1,080 - - -
1975 $992 - - -
1974 $873 - - -
1973 $590 - - -
1972 $469 - - -
1971 $360 - - -
1970 $353 - - -
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 (1960–2024, retrieved 2026-04-06).

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

Algeria's GDP per capita is $5,753, ranking 114/197, compared to $3,478 in Lebanon, ranking 135/197. Adjusted for purchasing power (GDP per capita PPP), Algeria ranks 105th at $17,621, while Lebanon ranks 123rd at $12,575.

Economic indicators

Algeria Lebanon
Gross domestic product
$269B
2024
$20.1B
2023
GDP rank
51/197
2024
128/197
2023
GDP growth
3.7%
2023-2024
-0.76%
2022-2023
GDP per capita
$5,753
2024
$3,478
2023
GDP per capita rank
114/197
2024
135/197
2023
GDP per capita, PPP
$17,621
2024
$12,575
2023
GDP per capita PPP rank
105/197
2024
123/197
2023
Government debt
$129B
2024
$38.7B
2023
Debt-to-GDP ratio
48.1%
2024
163.8%
2024
Government debt per person
$2,765
2024
$6,704
2023
Government debt per person rank
106/185
2024
70/185
2023
Average annual personal income after taxes
$3,787
2026
$3,560
2026
Market capitalization of domestic companies
$371M
2018
$10.6B
2021
Number of billionaires
1
2025
6
2025
Income share by richest 10%
22.9%
2011
25.1%
2022
Income share by poorest 10%
4%
2011
2.8%
2022
Government expenditure, % of GDP
36.8%
2024
16.5%
2024
Consumer prices inflation
4.05%
2023-2024
45.2%
2023-2024
Central bank interest rate
3%
2020
20%
2023
Unemployment rate
12%
2017
11.3%
2019
Population
48222325
5906622

Spending and national debt comparison by year

Algeria
Spending

Debt
Lebanon
Spending

Debt
1x
Year % of GDP
Algeria Lebanon
Government spending Government debt Government spending Government debt
2024 36.8% 48.1% 16.5% 163.8%
2023 37.4% 47.7% 14.9% 192.8%
2022 32.7% 48.1% 13.4% 244.6%
2021 32.5% 55.1% 10.9% 358%
2020 37.5% 46% 23.2% 148.7%
2019 37.1% 40.9% 31.3% 172.1%
2018 36.2% 34.5% 32.3% 155.1%
2017 36.2% 24% 30.6% 150%
2016 37.2% 18.1% 28.3% 146.4%
2015 40.9% 7.73% 26.7% 140.8%
2014 36.9% 6.85% 28.8% 138.4%
2013 33.5% 6.48% 28.9% 135.4%
2012 40% 8.58% 30.2% 131.1%
2011 37.7% 8.48% 28.8% 134.4%
2010 35.1% 9.51% 29.2% 136.8%
2009 40.1% 8.92% 32.1% 144.5%
2008 37.3% 7.64% 34.3% 161.5%
2007 33.1% 12.8% 35.2% 169.3%
2006 27.8% 22.5% 36.1% 183.3%
2005 27.8% 25.4% 31.4% 178.9%
2004 27.1% 32.7% 33.3% 169.5%
2003 27% 38.2% 36.4% 171.3%
2002 32.5% 47.3% 36.8% 163.1%
2001 29.1% 50% 38.9% 163.1%
2000 26.4% 53.4% 42.8% 148.1%
1999 29.4% 69.7% 35.6% 130.2%
1998 28.7% 79.9% 34.7% 108.2%
1997 28.5% 79.6% 40.5% 100.2%
1996 26.9% 90.7% 43.6% 101.2%
1995 28.9% 95.9% 31.1% 79.6%
1994 30.9% 106.3% 47.3% 71.5%
1993 32.6% 76.8% 23% 50.5%
1992 28.2% 69.3% 36.1% 51.7%
1991 27.6% 86.1% 35.6% 67.1%
1990 23.3% 63.6% 40% 99.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1990–1999, retrieved 2026-02-20).

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

In 2024, Algeria's government spending was $99.1B, accounting for 36.8% of its GDP, while Lebanon spent $2.99B, or 16.5% of GDP.

Debt-to-GDP ratio is 48.1% in Algeria and 163.8% in Lebanon, ranking 113/185 and 6/185, respectively.

Government deficit by year

Deficit/surplus
Algeria

Lebanon
1x
Year Deficit/surplus, % of GDP
Algeria Lebanon
2024 -13.8% -0.19%
2023 -5.52% -1.7%
2022 -2.96% -7.77%
2021 -6.32% -2.67%
2020 -10.5% -7.37%
2019 -8.51% -10.5%
2018 -6.15% -11.3%
2017 -7.55% -8.65%
2016 -11.8% -8.88%
2015 -13.9% -7.48%
2014 -7.14% -6.22%
2013 -0.79% -8.82%
2012 -4.04% -8.43%
2011 -1.06% -5.94%
2010 -1.35% -7.47%
2009 -6.53% -8.1%
2008 7.79% -9.86%
2007 4.63% -10.9%
2006 12.9% -10.6%
2005 11.4% -8.57%
2004 6.36% -9.83%
2003 7.22% -14%
2002 0.21% -16.2%
2001 3.15% -21%
2000 8.91% -23.9%
1999 -1.83% -16.7%
1998 -3.52% -17.3%
1997 2.19% -24.5%
1996 2.7% -25.7%
1995 -1.3% -13.6%
1994 -4.05% -29.1%
1993 -7.79% -7.19%
1992 -1.05% -24%
1991 1.53% -19.5%
1990 3.35% -30.2%

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

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

In 2023, Algeria's government deficit, the difference between spending and revenue, was $13.7B, equivalent to 5.52% of GDP. This compares to Lebanon's deficit of $342M, or 1.7% of GDP.

Over the past 34 years, Algeria recorded a fiscal deficit in 21 of those years, while Lebanon ran a deficit in 34 years. On average, Algeria posted an annual deficit equal to 1.22% of GDP, compared to deficit of 13.1% of GDP for Lebanon.

Inflation comparison by year

Inflation
Algeria

Lebanon
1x
Year Consumer prices inflation
Algeria Lebanon
2024 4.05% 45.2%
2023 9.32% 221.3%
2022 9.27% 171.2%
2021 7.23% 154.8%
2020 2.42% 84.9%
2019 1.95% 2.9%
2018 4.27% 6.1%
2017 5.59% 4.5%
2016 6.4% -0.8%
2015 4.78% -3.8%
2014 2.92% 1.1%
2013 3.25% 5.6%
2012 8.89% 6.6%
2011 4.52% 5%
2010 3.91% 4%
2009 5.74% 1.2%
2008 4.86% 10.7%
2007 3.68% 4.1%
2006 2.31% 4.1%
2005 1.38% -1.4%
2004 3.96% 1.7%
2003 4.27% 1.3%
2002 1.42% 1.8%
2001 4.23% -0.4%
2000 0.34% -0.4%
1999 2.65% 0.2%
1998 4.95% 4.5%
1997 5.73% 7.7%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Algeria has recorded an average annual inflation rate of 4.44%, compared with 26.6% in Lebanon. In 2024, inflation was 4.05% in Algeria and 45.2% in Lebanon.

Top exports between countries

Algeria
Export category Export value
Raw materials & minerals $32.5M
Processed food, beverages & tobacco $16.3M
Textiles & consumer goods $200K
Chemicals & pharma $72K
Wood & paper products $23K
Raw agricultural goods $17K
Machinery & equipment $1K
Lebanon
Export category Export value
Chemicals & pharma $6.26M
Wood & paper products $2.01M
Raw agricultural goods $1.92M
Machinery & equipment $1.86M
Textiles & consumer goods $706K
Processed food, beverages & tobacco $310K
Metals $227K
Raw materials & minerals $203K
Miscellaneous $25K

Balance of trade

Algeria Lebanon
Current account balance
-$2.75B
2024
-$5.64B
2023
Current account balance ranking
154/190
2024
168/190
2023
Current account balance, % of GDP
-1.02%
2024
-28.1%
2023
Goods imports
$45.3B
2024
$16.7B
2023
Goods exports
$48.8B
2024
$3.85B
2023
Service imports
$9.13B
2024
$6.63B
2023
Service exports
$4.22B
2024
$7.92B
2023
Imports of goods and services, % of GDP
20.3%
2024
73.7%
2023
Exports of goods and services, % of GDP
19.9%
2024
30.6%
2023

Economic freedom indices

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

Algeria Lebanon
Economic freedom 45.8 43.1
Economic freedom ranking 179/197 183/197
Property rights 27.7 21.8
Government integrity 29.4 23.4
Judicial effectiveness 30 23.8
Tax burden 80.3 90.3
Government spending 61.9 93.3
Fiscal health 15.4 63.4
Business freedom 59.3 47.6
Labor freedom 52.2 48.4
Monetary freedom 74.7 0
Trade freedom 58.8 65.6
Investment freedom 30 20
Financial freedom 30 20

Economic freedom comparison by year

Algeria
Lebanon
1x
Year Economic freedom index
Algeria Lebanon
2026 45.8 43.1
2025 47.5 44.1
2024 43.9 48.3
2023 43.2 45.6
2022 45.8 47.3
2021 49.7 51.4
2020 46.9 51.7
2019 46.2 51.1
2018 44.7 53.2
2017 46.5 53.3
2016 50.1 59.5
2015 48.9 59.3
2014 50.8 59.4
2013 49.6 59.5
2012 51 60.1
2011 52.4 60.1
2010 56.9 59.5
2009 56.6 58.1
2008 56.2 60
2007 55.4 60.4
2006 55.7 57.5
2005 53.2 57.2
2004 58.1 56.9
2003 57.7 56.7
2002 61 57.1
2001 57.3 61
2000 56.8 56.1
1999 57.2 59.1
1998 55.8 59
1997 54.9 63.9
1996 54.5 63.2
1995 55.7 -

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

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

The Economic Freedom Index for Algeria is 45.8, ranking 179/197, compared to 43.1 for Lebanon, ranking 183/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Algeria Lebanon
Services, % of GDP
46.8%
2024
42.4%
2023
Industry, % of GDP
36.2%
2024
2.09%
2023
Agriculture, forestry, and fishing, % of GDP
14%
2024
0.97%
2023
GNI, Atlas method
$252B
2024
$21.4B
2023
GNI per capita, PPP
$17,290
2024
$12,420
2023
Total reserves including gold
$83B
2024
$33.3B
2024
Total reserves ranking
31/177
2024
54/177
2024
Net foreign direct investment
-$1.23B
2024
-$583M
2023
Net inflows of foreign direct investment
$1.23B
2024
$1.84B
2024
Net outflows of foreign direct investment
$265K
2024
$391M
2024
Servicing debt to the IMF, % of GNI
0.17%
2024
22%
2023
Poverty at national poverty lines
5.5%
2011
27.4%
2012
Gross capital formation, % of GDP
41.1%
2024
1.9%
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/lebanon | 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 (2017–2023, retrieved 2026-02-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1990–1999, retrieved 2026-02-20)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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.