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Economy of Algeria vs Malaysia compared: GDP & Debt

Updated on by Georank team

Algeria has a GDP of $269B compared to $422B for Malaysia, ranking 51/197 and 38/197 by economy size, respectively.

Algeria has $129B in government debt (48.1% of GDP), compared to $296B (70.1% of GDP) in Malaysia.

Algeria vs Malaysia GDP by year

Algeria
Malaysia
1x
Year GDP, current $
Algeria Malaysia
2024 $269,322,281,665 $422,227,005,429
2023 $247,923,887,215 $399,949,418,753
2022 $225,581,644,703 $407,830,525,990
2021 $186,231,205,262 $373,784,553,030
2020 $164,873,415,325 $337,456,163,961
2019 $193,459,662,091 $365,177,721,022
2018 $194,554,483,656 $358,788,845,713
2017 $189,880,896,903 $319,109,094,160
2016 $180,763,839,522 $301,256,033,870
2015 $187,493,855,609 $301,355,266,965
2014 $238,942,664,193 $338,066,095,097
2013 $229,701,430,292 $323,276,235,524
2012 $227,143,746,076 $314,443,047,642
2011 $218,331,946,925 $297,951,668,675
2010 $177,785,053,940 $255,017,638,456
2009 $150,317,292,079 $202,257,453,037
2008 $180,383,848,331 $230,811,614,370
2007 $142,482,739,810 $193,549,569,478
2006 $123,084,258,693 $162,692,258,307
2005 $107,046,618,670 $143,534,405,819
2004 $91,913,680,985 $124,749,473,684
2003 $73,482,264,191 $110,202,368,421
2002 $61,516,103,406 $100,845,526,316
2001 $59,413,400,924 $92,783,947,368
2000 $54,790,398,570 $93,789,736,842
1999 $48,640,671,735 $79,148,421,053
1998 $48,187,781,984 $72,167,498,981
1997 $48,177,612,042 $100,005,323,302
1996 $46,941,554,225 $100,855,393,910
1995 $41,764,291,672 $88,705,342,903
1994 $42,543,176,829 $74,478,356,958
1993 $49,945,584,453 $66,894,966,969
1992 $48,003,133,347 $59,167,550,163
1991 $45,715,676,428 $49,143,148,094
1990 $62,048,507,531 $44,024,585,240
1989 $55,634,721,573 $38,847,965,293
1988 $59,089,396,860 $35,272,109,220
1987 $66,745,818,375 $32,181,210,158
1986 $63,692,007,897 $27,734,111,400
1985 $57,937,868,670 $31,199,633,353
1984 $53,698,548,293 $33,942,897,422
1983 $48,801,369,800 $30,347,442,111
1982 $45,207,167,470 $26,804,493,635
1981 $44,348,590,461 $25,004,285,792
1980 $42,345,829,079 $24,488,224,677
1979 $33,243,706,860 $21,213,264,962
1978 $26,364,491,313 $16,358,079,862
1977 $20,972,113,685 $13,139,488,633
1976 $17,728,240,932 $11,050,234,599
1975 $15,557,902,754 $9,298,800,799
1974 $13,209,871,626 $9,496,204,302
1973 $8,707,858,912 $7,662,902,678
1972 $6,766,743,957 $5,043,347,250
1971 $5,077,183,094 $4,244,395,956
1970 $4,863,526,897 $3,864,145,667
1969 $4,257,253,264 $3,664,552,041
1968 $3,852,147,027 $3,330,371,551
1967 $3,370,870,376 $3,188,924,677
1966 $3,039,859,187 $3,143,517,944
1965 $3,136,284,307 $2,956,337,669
1964 $2,909,316,435 $2,674,423,922
1963 $2,702,982,018 $2,510,110,348
1962 $2,001,444,544 $2,001,489,602
1961 $2,434,747,056 $1,901,856,123
1960 $2,723,615,451 $1,916,229,477

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

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

GDP per capita in Algeria vs Malaysia by year

Algeria
GDP per capita

GDP per capita, PPP
Malaysia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Algeria Malaysia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $5,753 $17,621 $11,874 $38,779
2023 $5,370 $16,824 $11,386 $36,467
2022 $4,960 $15,836 $11,755 $34,420
2021 $4,161 $14,497 $10,903 $29,823
2020 $3,744 $12,677 $9,958 $27,475
2019 $4,468 $13,893 $10,920 $28,934
2018 $4,577 $13,727 $10,902 $27,794
2017 $4,555 $13,494 $9,863 $26,416
2016 $4,425 $13,438 $9,477 $25,286
2015 $4,685 $13,807 $9,649 $24,526
2014 $6,095 $14,694 $11,013 $24,307
2013 $5,980 $14,371 $10,714 $23,161
2012 $6,034 $14,441 $10,601 $22,639
2011 $5,916 $14,640 $10,217 $21,324
2010 $4,913 $14,201 $8,899 $20,193
2009 $4,235 $13,651 $7,191 $18,923
2008 $5,181 $13,666 $8,372 $19,480
2007 $4,167 $13,321 $7,169 $18,617
2006 $3,661 $12,791 $6,158 $17,426
2005 $3,233 $12,246 $5,556 $16,371
2004 $2,817 $11,432 $4,939 $15,416
2003 $2,284 $10,803 $4,465 $14,387
2002 $1,937 $10,080 $4,184 $13,656
2001 $1,896 $9,544 $3,944 $13,072
2000 $1,773 $9,187 $4,084 $13,027
1999 $1,596 $8,776 $3,528 $11,980
1998 $1,603 $8,503 $3,294 $11,398
1997 $1,629 $8,129 $4,679 $12,469
1996 $1,617 $8,053 $4,837 $11,709
1995 $1,467 $7,747 $4,363 $10,720
1994 $1,526 $7,463 $3,758 $9,806
1993 $1,831 $7,538 $3,462 $9,018
1992 $1,803 $7,705 $3,141 $8,224
1991 $1,759 $7,582 $2,679 $7,583
1990 $2,445 $7,602 $2,469 $6,887
1989 $2,247 - $2,244 -
1988 $2,451 - $2,100 -
1987 $2,847 - $1,977 -
1986 $2,800 - $1,760 -
1985 $2,633 - $2,046 -
1984 $2,524 - $2,300 -
1983 $2,374 - $2,124 -
1982 $2,275 - $1,938 -
1981 $2,307 - $1,866 -
1980 $2,276 - $1,886 -
1979 $1,843 - $1,680 -
1978 $1,506 - $1,327 -
1977 $1,232 - $1,092 -
1976 $1,080 - $940 -
1975 $992 - $811 -
1974 $873 - $848 -
1973 $590 - $701 -
1972 $469 - $472 -
1971 $360 - $407 -
1970 $353 - $380 -
1969 $316 - $368 -
1968 $292.4 - $342 -
1967 $261.8 - $335 -
1966 $241.4 - $339 -
1965 $253.6 - $326 -
1964 $238.9 - $303 -
1963 $225.6 - $291.8 -
1962 $169.6 - $238.8 -
1961 $209.4 - $232.9 -
1960 $238.4 - $240.8 -

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

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

Algeria's GDP per capita is $5,753, ranking 114/197, compared to $11,874 in Malaysia, ranking 79/197. Adjusted for purchasing power (GDP per capita PPP), Algeria ranks 105th at $17,621, while Malaysia ranks 60th at $38,779.

Economic indicators

Algeria Malaysia
Gross domestic product
$269B
2024
$422B
2024
GDP rank
51/197
2024
38/197
2024
GDP growth
3.7%
2023-2024
5.11%
2023-2024
GDP per capita
$5,753
2024
$11,874
2024
GDP per capita rank
114/197
2024
79/197
2024
GDP per capita, PPP
$17,621
2024
$38,779
2024
GDP per capita PPP rank
105/197
2024
60/197
2024
Government debt
$129B
2024
$296B
2024
Debt-to-GDP ratio
48.1%
2024
70.1%
2024
Government debt per person
$2,765
2024
$8,322
2024
Government debt per person rank
106/185
2024
62/185
2024
Average annual personal income after taxes
$3,787
2026
$11,005
2026
Market capitalization of domestic companies
$371M
2018
$449B
2024
Number of billionaires
1
2025
19
2025
Income share by richest 10%
22.9%
2011
30.9%
2021
Income share by poorest 10%
4%
2011
2.3%
2021
Government expenditure, % of GDP
36.8%
2024
23.9%
2024
Consumer prices inflation
4.05%
2023-2024
1.83%
2023-2024
Central bank interest rate
3%
2020
2.75%
2025
Unemployment rate
12%
2017
3.93%
2022
Population
48222325
36512221

Spending and national debt comparison by year

Algeria
Spending

Debt
Malaysia
Spending

Debt
1x
Year % of GDP
Algeria Malaysia
Government spending Government debt Government spending Government debt
2024 36.8% 48.1% 23.9% 70.1%
2023 37.4% 47.7% 24.9% 69.7%
2022 32.7% 48.1% 24.6% 65.5%
2021 32.5% 55.1% 24.5% 69.2%
2020 37.5% 46% 25% 67.7%
2019 37.1% 40.9% 23.6% 57.1%
2018 36.2% 34.5% 22.8% 55.6%
2017 36.2% 24% 22% 54.4%
2016 37.2% 18.1% 22.9% 55.8%
2015 40.9% 7.73% 24.7% 57%
2014 36.9% 6.85% 26% 55.4%
2013 33.5% 6.48% 27.8% 55.7%
2012 40% 8.58% 28.5% 53.8%
2011 37.7% 8.48% 27.1% 51.9%
2010 35.1% 9.51% 26.6% 51.2%
2009 40.1% 8.92% 30.9% 50.4%
2008 37.3% 7.64% 26.9% 39.4%
2007 33.1% 12.8% 25.9% 39.3%
2006 27.8% 22.5% 25.6% 39.7%
2005 27.8% 25.4% 24.5% 40.8%
2004 27.1% 32.7% 25.9% 42%
2003 27% 38.2% 28.1% 41.4%
2002 32.5% 47.3% 27.1% 39.5%
2001 29.1% 50% 28.2% 38.1%
2000 26.4% 53.4% 25.6% 32.5%
1999 29.4% 69.7% 24.6% 34.4%
1998 28.7% 79.9% 23.1% 33.6%
1997 28.5% 79.6% 21.2% 29.6%
1996 26.9% 90.7% 22.4% 32.8%
1995 28.9% 95.9% 22.6% 38.2%
1994 30.9% 106.3% 23.3% 43.7%
1993 32.6% 76.8% 24.6% 51.1%
1992 28.2% 69.3% 28.2% 59.1%
1991 27.6% 86.1% 27.4% 67.3%
1990 23.3% 63.6% 30.5% 74.1%

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/malaysia | CC BY

In 2024, Algeria's government spending was $99.1B, accounting for 36.8% of its GDP, while Malaysia spent $101B, or 23.9% of GDP.

Debt-to-GDP ratio is 48.1% in Algeria and 70.1% in Malaysia, ranking 113/185 and 58/185, respectively.

Government deficit by year

Deficit/surplus
Algeria

Malaysia
1x
Year Deficit/surplus, % of GDP
Algeria Malaysia
2024 -13.8% -3.95%
2023 -5.52% -3.97%
2022 -2.96% -4.56%
2021 -6.32% -6.03%
2020 -10.5% -4.9%
2019 -8.51% -2.01%
2018 -6.15% -2.64%
2017 -7.55% -2.41%
2016 -11.8% -2.6%
2015 -13.9% -2.55%
2014 -7.14% -2.63%
2013 -0.79% -3.48%
2012 -4.04% -3.1%
2011 -1.06% -3.57%
2010 -1.35% -4.32%
2009 -6.53% -5.88%
2008 7.79% -3.4%
2007 4.63% -2.57%
2006 12.9% -2.6%
2005 11.4% -2.83%
2004 6.36% -3.35%
2003 7.22% -4.6%
2002 0.21% -3.96%
2001 3.15% -4.36%
2000 8.91% -6.05%
1999 -1.83% -3%
1998 -3.52% -0.63%
1997 2.19% 4.84%
1996 2.7% 3.27%
1995 -1.3% 3.1%
1994 -4.05% 5.45%
1993 -7.79% 3.44%
1992 -1.05% 1.81%
1991 1.53% 1.6%
1990 3.35% 0.15%

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

GeoRank.org/economy/algeria/malaysia | 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 Malaysia's deficit of $16.7B, or 3.95% of GDP.

Over the past 35 years, Algeria recorded a fiscal deficit in 22 of those years, while Malaysia ran a deficit in 27 years. On average, Algeria posted an annual deficit equal to 1.58% of GDP, compared to deficit of 2.07% of GDP for Malaysia.

Inflation comparison by year

Inflation
Algeria

Malaysia
1x
Year Consumer prices inflation
Algeria Malaysia
2024 4.05% 1.83%
2023 9.32% 2.49%
2022 9.27% 3.38%
2021 7.23% 2.48%
2020 2.42% -1.14%
2019 1.95% 0.66%
2018 4.27% 0.88%
2017 5.59% 3.87%
2016 6.4% 2.09%
2015 4.78% 2.1%
2014 2.92% 3.14%
2013 3.25% 2.11%
2012 8.89% 1.66%
2011 4.52% 3.17%
2010 3.91% 1.62%
2009 5.74% 0.58%
2008 4.86% 5.44%
2007 3.68% 2.03%
2006 2.31% 3.61%
2005 1.38% 2.98%
2004 3.96% 1.42%
2003 4.27% 1.09%
2002 1.42% 1.81%
2001 4.23% 1.42%
2000 0.34% 1.53%
1999 2.65% 2.74%
1998 4.95% 5.27%
1997 5.73% 2.66%

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

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

Over the past 28 years, Algeria has recorded an average annual inflation rate of 4.44%, compared with 2.25% in Malaysia. In 2024, inflation was 4.05% in Algeria and 1.83% in Malaysia.

Top exports between countries

Algeria
Export category Export value
Raw materials & minerals $103M
Raw agricultural goods $677K
Wood & paper products $414K
Malaysia
Export category Export value
Processed food, beverages & tobacco $85.8M
Machinery & equipment $19.5M
Chemicals & pharma $9.59M
Raw materials & minerals $3.34M
Animal & marine products $2.25M
Textiles & consumer goods $1.67M
Metals $497K
Wood & paper products $442K
Miscellaneous $37K
Precious metals & jewellery $20K

Balance of trade

Algeria Malaysia
Current account balance
-$2.75B
2024
$7.15B
2024
Current account balance ranking
154/190
2024
26/190
2024
Current account balance, % of GDP
-1.02%
2024
+1.69%
2024
Goods imports
$45.3B
2024
$223B
2024
Goods exports
$48.8B
2024
$248B
2024
Service imports
$9.13B
2024
$56.4B
2024
Service exports
$4.22B
2024
$53.4B
2024
Imports of goods and services, % of GDP
20.3%
2024
66%
2024
Exports of goods and services, % of GDP
19.9%
2024
71.3%
2024

Economic freedom indices

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

Algeria Malaysia
Economic freedom 45.8 68
Economic freedom ranking 179/197 51/197
Property rights 27.7 62.7
Government integrity 29.4 52.9
Judicial effectiveness 30 63.4
Tax burden 80.3 83.5
Government spending 61.9 82
Fiscal health 15.4 62.5
Business freedom 59.3 79.6
Labor freedom 52.2 55.4
Monetary freedom 74.7 80.8
Trade freedom 58.8 83
Investment freedom 30 60
Financial freedom 30 50

Economic freedom comparison by year

Algeria
Malaysia
1x
Year Economic freedom index
Algeria Malaysia
2026 45.8 68
2025 47.5 67.1
2024 43.9 65.7
2023 43.2 67.3
2022 45.8 68.1
2021 49.7 74.4
2020 46.9 74.7
2019 46.2 74
2018 44.7 74.5
2017 46.5 73.8
2016 50.1 71.5
2015 48.9 70.8
2014 50.8 69.6
2013 49.6 66.1
2012 51 66.4
2011 52.4 66.3
2010 56.9 64.8
2009 56.6 64.6
2008 56.2 63.9
2007 55.4 63.8
2006 55.7 61.6
2005 53.2 61.9
2004 58.1 59.9
2003 57.7 61.1
2002 61 60.1
2001 57.3 60.2
2000 56.8 66
1999 57.2 68.9
1998 55.8 68.2
1997 54.9 66.8
1996 54.5 69.9
1995 55.7 71.9

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

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

The Economic Freedom Index for Algeria is 45.8, ranking 179/197, compared to 68 for Malaysia, ranking 51/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Algeria Malaysia
Services, % of GDP
46.8%
2024
53.7%
2024
Industry, % of GDP
36.2%
2024
37%
2024
Agriculture, forestry, and fishing, % of GDP
14%
2024
8.13%
2024
GNI, Atlas method
$252B
2024
$414B
2024
GNI per capita, PPP
$17,290
2024
$37,450
2024
Total reserves including gold
$83B
2024
$116B
2024
Total reserves ranking
31/177
2024
24/177
2024
Net foreign direct investment
-$1.23B
2024
-$2.55B
2024
Net inflows of foreign direct investment
$1.23B
2024
$15.6B
2024
Net outflows of foreign direct investment
$265K
2024
$13B
2024
Servicing debt to the IMF, % of GNI
0.17%
2024
n/a
Poverty at national poverty lines
5.5%
2011
5.8%
2023
Gross capital formation, % of GDP
41.1%
2024
22%
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/malaysia | 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.