Algeria vs Luxembourg: Economic Indicators Comparison

Algeria with a GDP of $173.8B ranked the 56th largest economy in the world, while Luxembourg ranked 72nd with $70.9B. By GDP 5-years average growth and GDP per capita, Algeria and Luxembourg ranked 100th vs 88th and 119th vs 3rd, respectively.

Gross Domestic Product & Income

StatAlgeriaLuxembourg
GDP$173.8B$70.9B
GDP growth, 1 year2.1%3%
GDP growth, 5-years average2.8%3%
Population41.3M626k
GDP per capita$4.1k$117k
GDP per capita growth-0.62%1.18%
Purchasing Power Parity conversion factor30.990.87
Price level ratio of PPP conversion factor GDP to market exchange rate0.271.03
GDP per capita, PPP adjusted$15k$107k
GNI, Atlas method$162.3B$43.1B
GNI per capita$3.9k$71k
GNI, PPP adjusted$619.7B$43.9B
GNI per capita, PPP adjusted$15k$72k

Financial system and Human development

StatAlgeriaLuxembourg
Income Tax Rate35%42%
Corporate Tax Rate23%18%
Inflation, consumer prices4.3%2%
Inflation, GDP deflator7.6%2.5%
Unemployment12.2%5.5%
Economic Freedom Index46.975.8
Personal Freedom Index5.359.1
Human Freedom Index5.298.46
Property Rights Index37.986.4
Judical Effectiveness Index3574.4
Business Freedom Index6366.8
Fiscal Health Index17.399
Labor Freedom Index50.545.3
Investment Freedom Index3095
Financial Freedom Index3080
Trade Freedom Index66.286.4
Monetary Freedom Index76.276.4
Government Spending Index52.645.4
Tax Burden Index75.464.1
Government Integrity Index28.390.3
Corruption Perceptions Index3581
Life expectancy at birth, years76.582.7
Suicide mortality rate, per 100,000 people3.213.5
Mortality caused by road traffic injury, per 100,000 people23.86.3
Intentional homicides, per 100,000 people1.40.3
International tourism, number of arrivals2.7M1M

Government debt & reserves

StatAlgeriaLuxembourg
Central government debt, % of GDP36.9%21.8%
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%20.9%
Gross savings, % of GDP37.8%17.4%
Gross capital formation, % of GDP47.1%17.6%
Total reserves including gold$87.4B$938.9M
Foreign direct investment net inflows$1.5B-$5.6B

Exports, imports and economic structure

StatAlgeriaLuxembourg
Exports of goods and services, % of GDP25.6%211.6%
Imports of goods and services, % of GDP32.3%175.5%
Current account balance (balance of payments)-$22.1B$3.4B
Revenue excluding grants, % of GDPN/A40.9%
Grants excluding technical cooperation, BoP$79.5MN/A
Personal remittances received$1.8B$2.1B
Industry including construction value added, % of GDP39.6%11.8%
Agriculture, forestry and fishing value added, % of GDP12%0.2%
Charges for the use of intellectual property, payments BoP$147.1M$5B
Charges for the use of intellectual property, receipts BoP$138k$2.4B
Expense, % of GDPN/A38.7%
Government Expenditure, % of GDP39.8%42.7%

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

Luxembourg vs

CountryGDP
per capita
Population
Monaco
$186k
38.7k
Liechtenstein
$165k
37.9k
Switzerland
$83k
8.47M
Norway
$82k
5.37M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k