Algeria vs Montenegro: Economic Indicators Comparison

Algeria with a GDP of $173.8B ranked the 56th largest economy in the world, while Montenegro ranked 153rd with $5.5B. By GDP 5-years average growth and GDP per capita, Algeria and Montenegro ranked 100th vs 67th and 119th vs 81st, respectively.

Gross Domestic Product & Income

StatAlgeriaMontenegro
GDP$173.8B$5.5B
GDP growth, 1 year2.1%4.5%
GDP growth, 5-years average2.8%3.5%
Population41.3M622k
GDP per capita$4.1k$8.8k
GDP per capita growth-0.62%5.08%
Purchasing Power Parity conversion factor30.990.36
Price level ratio of PPP conversion factor GDP to market exchange rate0.270.43
GDP per capita, PPP adjusted$15k$19k
GNI, Atlas method$162.3B$5.2B
GNI per capita$3.9k$8.4k
GNI, PPP adjusted$619.7B$13B
GNI per capita, PPP adjusted$15k$21k

Financial system and Human development

StatAlgeriaMontenegro
Income Tax Rate35%9%
Corporate Tax Rate23%9%
Inflation, consumer prices4.3%2.6%
Inflation, GDP deflator7.6%3.2%
Unemployment12.2%15.5%
Economic Freedom Index46.961.5
Personal Freedom Index5.358.12
Human Freedom Index5.297.67
Property Rights Index37.959.1
Judical Effectiveness Index3555.3
Business Freedom Index6370.8
Fiscal Health Index17.323.4
Labor Freedom Index50.574.8
Investment Freedom Index3075
Financial Freedom Index3050
Trade Freedom Index66.283.8
Monetary Freedom Index76.280.3
Government Spending Index52.632.1
Tax Burden Index75.485.4
Government Integrity Index28.347.5
Corruption Perceptions Index3545
Life expectancy at birth, years76.576.7
Suicide mortality rate, per 100,000 people3.210.3
Mortality caused by road traffic injury, per 100,000 people23.810.7
Intentional homicides, per 100,000 people1.42.4
International tourism, number of arrivals2.7M2.1M

Government debt & reserves

StatAlgeriaMontenegro
Central government debt, % of GDP36.9%72.1%
External debt stocks, % of GNI3.2%144.1%
External debt stocks$5.7B$8B
Short-term debt, % of total reserves2.7%17.2%
Total debt service, % of exports and primary income0.5%63.7%
Adjusted net savings including particulate emission damage, % of GNI21.2%N/A
Gross savings, % of GDP37.8%14.9%
Gross capital formation, % of GDP47.1%31.9%
Total reserves including gold$87.4B$1.2B
Foreign direct investment net inflows$1.5B$485.7M

Exports, imports and economic structure

StatAlgeriaMontenegro
Exports of goods and services, % of GDP25.6%42.9%
Imports of goods and services, % of GDP32.3%66.7%
Current account balance (balance of payments)-$22.1B-$943M
Revenue excluding grants, % of GDPN/AN/A
Grants excluding technical cooperation, BoP$79.5M$57.7M
Personal remittances received$1.8B$588.9M
Industry including construction value added, % of GDP39.6%15.9%
Agriculture, forestry and fishing value added, % of GDP12%6.7%
Charges for the use of intellectual property, payments BoP$147.1M$6M
Charges for the use of intellectual property, receipts BoP$138k$432k
Expense, % of GDPN/AN/A
Government Expenditure, % of GDP39.8%47.6%

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

Montenegro vs

CountryGDP
per capita
Population
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M