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Economy of Algeria vs Moldova compared: GDP & Debt

Updated on by Georank team

Algeria has a GDP of $269B compared to $18.2B for Moldova, ranking 51/197 and 134/197 by economy size, respectively.

Algeria has $129B in government debt (48.1% of GDP), compared to $7.06B (38.8% of GDP) in Moldova.

Algeria vs Moldova GDP by year

Algeria
Moldova
1x
Year GDP, current $
Algeria Moldova
2024 $269,322,281,665 $18,200,340,854
2023 $247,923,887,215 $16,711,906,746
2022 $225,581,644,703 $14,525,337,524
2021 $186,231,205,262 $13,691,869,264
2020 $164,873,415,325 $11,530,746,234
2019 $193,459,662,091 $11,736,797,055
2018 $194,554,483,656 $11,252,353,421
2017 $189,880,896,903 $9,514,404,016
2016 $180,763,839,522 $7,980,917,076
2015 $187,493,855,609 $7,797,667,197
2014 $238,942,664,193 $9,402,090,138
2013 $229,701,430,292 $9,496,717,876
2012 $227,143,746,076 $8,709,138,635
2011 $218,331,946,925 $8,414,352,020
2010 $177,785,053,940 $6,974,982,370
2009 $150,317,292,079 $5,439,434,272
2008 $180,383,848,331 $6,054,824,248
2007 $142,482,739,810 $4,401,173,152
2006 $123,084,258,693 $3,408,255,451
2005 $107,046,618,670 $2,988,342,907
2004 $91,913,680,985 $2,598,249,556
2003 $73,482,264,191 $1,980,907,435
2002 $61,516,103,406 $1,661,818,168
2001 $59,413,400,924 $1,480,673,594
2000 $54,790,398,570 $1,288,429,392
1999 $48,640,671,735 $1,170,782,957
1998 $48,187,781,984 $1,698,717,505
1997 $48,177,612,042 $1,930,081,169
1996 $46,941,554,225 $1,695,122,174
1995 $41,764,291,672 $1,752,999,370
1994 $42,543,176,829 $1,702,314,268
1993 $49,945,584,453 $2,371,813,324
1992 $48,003,133,347 $2,319,243,436
1991 $45,715,676,428 $3,094,565,871
1990 $62,048,507,531 $3,592,857,043
1989 $55,634,721,573 -
1988 $59,089,396,860 -
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/moldova | CC BY

GDP per capita in Algeria vs Moldova by year

Algeria
GDP per capita

GDP per capita, PPP
Moldova
GDP per capita

GDP per capita, PPP
1x
Year Current $
Algeria Moldova
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $5,753 $17,621 $7,576 $18,615
2023 $5,370 $16,824 $6,800 $17,747
2022 $4,960 $15,836 $5,744 $16,453
2021 $4,161 $14,497 $5,275 $15,682
2020 $3,744 $12,677 $4,376 $13,527
2019 $4,468 $13,893 $4,405 $13,413
2018 $4,577 $13,727 $4,156 $11,868
2017 $4,555 $13,494 $3,453 $11,252
2016 $4,425 $13,438 $2,847 $10,326
2015 $4,685 $13,807 $2,750 $9,198
2014 $6,095 $14,694 $3,290 $8,643
2013 $5,980 $14,371 $3,321 $8,233
2012 $6,034 $14,441 $3,045 $7,255
2011 $5,916 $14,640 $2,941 $6,833
2010 $4,913 $14,201 $2,437 $6,323
2009 $4,235 $13,651 $1,898 $5,827
2008 $5,181 $13,666 $2,111 $6,153
2007 $4,167 $13,321 $1,531 $5,590
2006 $3,661 $12,791 $1,183 $5,271
2005 $3,233 $12,246 $1,034 $4,866
2004 $2,817 $11,432 $897 $4,378
2003 $2,284 $10,803 $682 $3,960
2002 $1,937 $10,080 $571 $3,633
2001 $1,896 $9,544 $507 $3,311
2000 $1,773 $9,187 $441 $3,045
1999 $1,596 $8,776 $399 $2,910
1998 $1,603 $8,503 $579 $2,965
1997 $1,629 $8,129 $657 $3,136
1996 $1,617 $8,053 $575 $3,021
1995 $1,467 $7,747 $594 $3,146
1994 $1,526 $7,463 $574 $3,111
1993 $1,831 $7,538 $797 $4,394
1992 $1,803 $7,705 $778 $4,337
1991 $1,759 $7,582 $1,038 $5,980
1990 $2,445 $7,602 $1,207 $6,895
1989 $2,247 - - -
1988 $2,451 - - -
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/moldova | CC BY

Algeria's GDP per capita is $5,753, ranking 114/197, compared to $7,576 in Moldova, ranking 99/197. Adjusted for purchasing power (GDP per capita PPP), Algeria ranks 105th at $17,621, while Moldova ranks 100th at $18,615.

Economic indicators

Algeria Moldova
Gross domestic product
$269B
2024
$18.2B
2024
GDP rank
51/197
2024
134/197
2024
GDP growth
3.7%
2023-2024
0.1%
2023-2024
GDP per capita
$5,753
2024
$7,576
2024
GDP per capita rank
114/197
2024
99/197
2024
GDP per capita, PPP
$17,621
2024
$18,615
2024
GDP per capita PPP rank
105/197
2024
100/197
2024
Government debt
$129B
2024
$7.06B
2024
Debt-to-GDP ratio
48.1%
2024
38.8%
2024
Government debt per person
$2,765
2024
$2,938
2024
Government debt per person rank
106/185
2024
102/185
2024
Average annual personal income after taxes
$3,787
2026
$4,291
2026
Market capitalization of domestic companies
$371M
2018
n/a
Number of billionaires
1
2025
n/a
Income share by richest 10%
22.9%
2011
22.8%
2023
Income share by poorest 10%
4%
2011
4.3%
2023
Government expenditure, % of GDP
36.8%
2024
38%
2024
Consumer prices inflation
4.05%
2023-2024
4.68%
2023-2024
Central bank interest rate
3%
2020
6%
2025
Unemployment rate
12%
2017
1.43%
2024
Population
48222325
2341166

Spending and national debt comparison by year

Algeria
Spending

Debt
Moldova
Spending

Debt
1x
Year % of GDP
Algeria Moldova
Government spending Government debt Government spending Government debt
2024 36.8% 48.1% 38% 38.8%
2023 37.4% 47.7% 38.8% 34.9%
2022 32.7% 48.1% 36.6% 35%
2021 32.5% 55.1% 34.6% 33.6%
2020 37.5% 46% 36.7% 36.6%
2019 37.1% 40.9% 32% 28.8%
2018 36.2% 34.5% 31.5% 31.8%
2017 36.2% 24% 31% 34.9%
2016 37.2% 18.1% 30.5% 39.7%
2015 40.9% 7.73% 31.7% 42.1%
2014 36.9% 6.85% 33.8% 35.4%
2013 33.5% 6.48% 32.4% 30%
2012 40% 8.58% 33.7% 31.3%
2011 37.7% 8.48% 32.6% 24.2%
2010 35.1% 9.51% 34.1% 25.5%
2009 40.1% 8.92% 45.3% 32.6%
2008 37.3% 7.64% 41.5% 22.2%
2007 33.1% 12.8% 42.7% 28.3%
2006 27.8% 22.5% 40.3% 35%
2005 27.8% 25.4% 37.1% 40.4%
2004 27.1% 32.7% 34.8% 49.3%
2003 27% 38.2% 33.5% 68.1%
2002 32.5% 47.3% 30.7% 80.3%
2001 29.1% 50% 29.5% 85.4%
2000 26.4% 53.4% 34% 89.1%
1999 29.4% 69.7% 33% 150.7%
1998 28.7% 79.9% 39.1% 159.4%
1997 28.5% 79.6% 46% 89%
1996 26.9% 90.7% 43.3% 87.5%
1995 28.9% 95.9% 42% 79.5%
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/moldova | CC BY

In 2024, Algeria's government spending was $99.1B, accounting for 36.8% of its GDP, while Moldova spent $6.91B, or 38% of GDP.

Debt-to-GDP ratio is 48.1% in Algeria and 38.8% in Moldova, ranking 113/185 and 137/185, respectively.

Government deficit by year

Deficit/surplus
Algeria

Moldova
1x
Year Deficit/surplus, % of GDP
Algeria Moldova
2024 -13.8% -3.88%
2023 -5.52% -5.13%
2022 -2.96% -3.24%
2021 -6.32% -2.62%
2020 -10.5% -5.32%
2019 -8.51% -1.47%
2018 -6.15% -0.85%
2017 -7.55% -0.65%
2016 -11.8% -1.56%
2015 -13.9% -1.93%
2014 -7.14% -1.6%
2013 -0.79% -1.57%
2012 -4.04% -1.93%
2011 -1.06% -2.05%
2010 -1.35% -2.18%
2009 -6.53% -6.38%
2008 7.79% -0.87%
2007 4.63% 0.15%
2006 12.9% -0.42%
2005 11.4% 1.44%
2004 6.36% 0.59%
2003 7.22% 0.47%
2002 0.21% -1.18%
2001 3.15% -0.34%
2000 8.91% -3.55%
1999 -1.83% -2.64%
1998 -3.52% -1.52%
1997 2.19% -7.47%
1996 2.7% -7.42%
1995 -1.3% -2.58%
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/moldova | 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 Moldova's deficit of $707M, or 3.88% of GDP.

Over the past 30 years, Algeria recorded a fiscal deficit in 19 of those years, while Moldova ran a deficit in 26 years. On average, Algeria posted an annual deficit equal to 1.57% of GDP, compared to deficit of 2.26% of GDP for Moldova.

Inflation comparison by year

Inflation
Algeria

Moldova
1x
Year Consumer prices inflation
Algeria Moldova
2024 4.05% 4.68%
2023 9.32% 13.4%
2022 9.27% 28.7%
2021 7.23% 5.11%
2020 2.42% 3.77%
2019 1.95% 4.84%
2018 4.27% 3.05%
2017 5.59% 6.57%
2016 6.4% 6.36%
2015 4.78% 9.68%
2014 2.92% 5.09%
2013 3.25% 4.6%
2012 8.89% 4.55%
2011 4.52% 7.69%
2010 3.91% 7.48%
2009 5.74% -0.06%
2008 4.86% 12.8%
2007 3.68% 12.4%
2006 2.31% 12.8%
2005 1.38% 12%
2004 3.96% 12.5%
2003 4.27% 11.7%
2002 1.42% 5.3%
2001 4.23% 9.76%
2000 0.34% 31.3%
1999 2.65% 39.3%
1998 4.95% 7.7%
1997 5.73% 11.8%

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

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

Over the past 28 years, Algeria has recorded an average annual inflation rate of 4.44%, compared with 10.5% in Moldova. In 2024, inflation was 4.05% in Algeria and 4.68% in Moldova.

Top exports between countries

Algeria
Export category Export value
Moldova
Export category Export value
Raw agricultural goods $84K
Textiles & consumer goods $2K

Balance of trade

Algeria Moldova
Current account balance
-$2.75B
2024
-$3.01B
2024
Current account balance ranking
154/190
2024
156/190
2024
Current account balance, % of GDP
-1.02%
2024
-16.6%
2024
Goods imports
$45.3B
2024
$8.63B
2024
Goods exports
$48.8B
2024
$3.01B
2024
Service imports
$9.13B
2024
$1.8B
2024
Service exports
$4.22B
2024
$2.73B
2024
Imports of goods and services, % of GDP
20.3%
2024
57.3%
2024
Exports of goods and services, % of GDP
19.9%
2024
31.4%
2024

Economic freedom indices

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

Algeria Moldova
Economic freedom 45.8 58.1
Economic freedom ranking 179/197 112/197
Property rights 27.7 40.4
Government integrity 29.4 45.1
Judicial effectiveness 30 32.4
Tax burden 80.3 87.9
Government spending 61.9 57.2
Fiscal health 15.4 70.3
Business freedom 59.3 68.3
Labor freedom 52.2 48.1
Monetary freedom 74.7 66
Trade freedom 58.8 76.8
Investment freedom 30 55
Financial freedom 30 50

Economic freedom comparison by year

Algeria
Moldova
1x
Year Economic freedom index
Algeria Moldova
2026 45.8 58.1
2025 47.5 58.3
2024 43.9 57.1
2023 43.2 58.5
2022 45.8 61.3
2021 49.7 62.5
2020 46.9 62
2019 46.2 59.1
2018 44.7 58.4
2017 46.5 58
2016 50.1 57.4
2015 48.9 57.5
2014 50.8 57.3
2013 49.6 55.5
2012 51 54.4
2011 52.4 55.7
2010 56.9 53.7
2009 56.6 54.9
2008 56.2 57.9
2007 55.4 58.7
2006 55.7 58
2005 53.2 57.4
2004 58.1 57.1
2003 57.7 60
2002 61 57.4
2001 57.3 54.9
2000 56.8 59.6
1999 57.2 56.1
1998 55.8 53.5
1997 54.9 48.9
1996 54.5 52.5
1995 55.7 33

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

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

The Economic Freedom Index for Algeria is 45.8, ranking 179/197, compared to 58.1 for Moldova, ranking 112/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Algeria Moldova
Services, % of GDP
46.8%
2024
62.3%
2024
Industry, % of GDP
36.2%
2024
16.8%
2024
Agriculture, forestry, and fishing, % of GDP
14%
2024
7.11%
2024
GNI, Atlas method
$252B
2024
$16.5B
2024
GNI per capita, PPP
$17,290
2024
$18,710
2024
Total reserves including gold
$83B
2024
$5.48B
2024
Total reserves ranking
31/177
2024
96/177
2024
Net foreign direct investment
-$1.23B
2024
-$360M
2024
Net inflows of foreign direct investment
$1.23B
2024
$458M
2024
Net outflows of foreign direct investment
$265K
2024
$98.4M
2024
Servicing debt to the IMF, % of GNI
0.17%
2024
6.22%
2024
Poverty at national poverty lines
5.5%
2011
31.6%
2023
Gross capital formation, % of GDP
41.1%
2024
21.1%
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/moldova | 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 (2023–2024, 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.