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Economy of Algeria vs Morocco compared: GDP & Debt

Updated on by Georank team

Algeria has a GDP of $269B compared to $161B for Morocco, ranking 51/197 and 58/197 by economy size, respectively.

Algeria has $129B in government debt (48.1% of GDP), compared to $109B (67.7% of GDP) in Morocco.

Algeria vs Morocco GDP by year

Algeria
Morocco
1x
Year GDP, current $
Algeria Morocco
2024 $269,322,281,665 $160,610,994,055
2023 $247,923,887,215 $146,036,093,667
2022 $225,581,644,703 $131,245,312,804
2021 $186,231,205,262 $142,022,058,447
2020 $164,873,415,325 $121,353,645,057
2019 $193,459,662,091 $128,920,266,409
2018 $194,554,483,656 $127,341,147,582
2017 $189,880,896,903 $118,540,573,368
2016 $180,763,839,522 $111,572,947,005
2015 $187,493,855,609 $110,413,823,842
2014 $238,942,664,193 $119,130,841,412
2013 $229,701,430,292 $115,739,287,305
2012 $227,143,746,076 $106,937,392,311
2011 $218,331,946,925 $110,080,631,332
2010 $177,785,053,940 $100,865,329,473
2009 $150,317,292,079 $101,154,952,241
2008 $180,383,848,331 $101,822,906,949
2007 $142,482,739,810 $86,947,913,287
2006 $123,084,258,693 $75,883,823,301
2005 $107,046,618,670 $68,852,658,069
2004 $91,913,680,985 $66,114,145,451
2003 $73,482,264,191 $58,029,363,354
2002 $61,516,103,406 $47,077,192,188
2001 $59,413,400,924 $43,831,480,208
2000 $54,790,398,570 $43,017,455,402
1999 $48,640,671,735 $46,266,428,648
1998 $48,187,781,984 $46,497,608,725
1997 $48,177,612,042 $39,147,844,526
1996 $46,941,554,225 $43,161,571,528
1995 $41,764,291,672 $39,030,285,468
1994 $42,543,176,829 $35,604,137,423
1993 $49,945,584,453 $31,655,473,664
1992 $48,003,133,347 $33,711,069,431
1991 $45,715,676,428 $32,285,573,574
1990 $62,048,507,531 $30,179,954,775
1989 $55,634,721,573 $26,314,313,191
1988 $59,089,396,860 $25,705,296,184
1987 $66,745,818,375 $21,765,195,948
1986 $63,692,007,897 $19,462,085,540
1985 $57,937,868,670 $14,991,283,216
1984 $53,698,548,293 $14,824,667,954
1983 $48,801,369,800 $16,251,408,128
1982 $45,207,167,470 $17,692,276,734
1981 $44,348,590,461 $17,788,185,479
1980 $42,345,829,079 $21,728,516,153
1979 $33,243,706,860 $15,911,994,817
1978 $26,364,491,313 $13,236,946,234
1977 $20,972,113,685 $11,049,783,872
1976 $17,728,240,932 $9,584,297,284
1975 $15,557,902,754 $8,984,853,005
1974 $13,209,871,626 $7,675,466,449
1973 $8,707,858,912 $6,242,145,880
1972 $6,766,743,957 $5,074,117,545
1971 $5,077,183,094 $4,356,669,034
1970 $4,863,526,897 $3,956,336,244
1969 $4,257,253,264 $3,651,622,669
1968 $3,852,147,027 $3,271,422,333
1967 $3,370,870,376 $3,046,345,314
1966 $3,039,859,187 $2,876,401,297
1965 $3,136,284,307 $2,948,331,090
1964 $2,909,316,435 $2,798,345,299
1963 $2,702,982,018 $2,657,252,578
1962 $2,001,444,544 $2,379,611,125
1961 $2,434,747,056 $2,025,693,540
1960 $2,723,615,451 $2,037,154,742

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

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

GDP per capita in Algeria vs Morocco by year

Algeria
GDP per capita

GDP per capita, PPP
Morocco
GDP per capita

GDP per capita, PPP
1x
Year Current $
Algeria Morocco
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $5,753 $17,621 $4,218 $10,415
2023 $5,370 $16,824 $3,872 $9,895
2022 $4,960 $15,836 $3,516 $9,310
2021 $4,161 $14,497 $3,843 $8,623
2020 $3,744 $12,677 $3,317 $7,705
2019 $4,468 $13,893 $3,560 $8,046
2018 $4,577 $13,727 $3,553 $7,801
2017 $4,555 $13,494 $3,344 $8,115
2016 $4,425 $13,438 $3,186 $7,853
2015 $4,685 $13,807 $3,190 $7,799
2014 $6,095 $14,694 $3,483 $7,237
2013 $5,980 $14,371 $3,425 $7,542
2012 $6,034 $14,441 $3,206 $7,308
2011 $5,916 $14,640 $3,345 $7,274
2010 $4,913 $14,201 $3,107 $6,849
2009 $4,235 $13,651 $3,158 $6,629
2008 $5,181 $13,666 $3,222 $6,437
2007 $4,167 $13,321 $2,788 $6,058
2006 $3,661 $12,791 $2,466 $5,781
2005 $3,233 $12,246 $2,268 $5,275
2004 $2,817 $11,432 $2,207 $5,025
2003 $2,284 $10,803 $1,962 $4,741
2002 $1,937 $10,080 $1,612 $4,436
2001 $1,896 $9,544 $1,521 $4,269
2000 $1,773 $9,187 $1,513 $3,930
1999 $1,596 $8,776 $1,651 $3,801
1998 $1,603 $8,503 $1,683 $3,740
1997 $1,629 $8,129 $1,439 $3,502
1996 $1,617 $8,053 $1,610 $3,551
1995 $1,467 $7,747 $1,478 $3,152
1994 $1,526 $7,463 $1,369 $3,315
1993 $1,831 $7,538 $1,236 $2,979
1992 $1,803 $7,705 $1,337 $2,979
1991 $1,759 $7,582 $1,302 $3,025
1990 $2,445 $7,602 $1,238 $2,777
1989 $2,247 - $1,099 -
1988 $2,451 - $1,094 -
1987 $2,847 - $944 -
1986 $2,800 - $861 -
1985 $2,633 - $678 -
1984 $2,524 - $687 -
1983 $2,374 - $772 -
1982 $2,275 - $862 -
1981 $2,307 - $890 -
1980 $2,276 - $1,117 -
1979 $1,843 - $839 -
1978 $1,506 - $716 -
1977 $1,232 - $613 -
1976 $1,080 - $545 -
1975 $992 - $524 -
1974 $873 - $459 -
1973 $590 - $382 -
1972 $469 - $319 -
1971 $360 - $280.6 -
1970 $353 - $261.5 -
1969 $316 - $247.8 -
1968 $292.4 - $228 -
1967 $261.8 - $218.1 -
1966 $241.4 - $211.5 -
1965 $253.6 - $222.7 -
1964 $238.9 - $216.9 -
1963 $225.6 - $211.3 -
1962 $169.6 - $194.2 -
1961 $209.4 - $169.8 -
1960 $238.4 - $175.2 -

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

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

Algeria's GDP per capita is $5,753, ranking 114/197, compared to $4,218 in Morocco, ranking 127/197. Adjusted for purchasing power (GDP per capita PPP), Algeria ranks 105th at $17,621, while Morocco ranks 132nd at $10,415.

Economic indicators

Algeria Morocco
Gross domestic product
$269B
2024
$161B
2024
GDP rank
51/197
2024
58/197
2024
GDP growth
3.7%
2023-2024
3.79%
2023-2024
GDP per capita
$5,753
2024
$4,218
2024
GDP per capita rank
114/197
2024
127/197
2024
GDP per capita, PPP
$17,621
2024
$10,415
2024
GDP per capita PPP rank
105/197
2024
132/197
2024
Government debt
$129B
2024
$109B
2024
Debt-to-GDP ratio
48.1%
2024
67.7%
2024
Government debt per person
$2,765
2024
$2,857
2024
Government debt per person rank
106/185
2024
104/185
2024
Average annual personal income after taxes
$3,787
2026
$5,678
2026
Market capitalization of domestic companies
$371M
2018
$74.5B
2024
Number of billionaires
1
2025
3
2025
Income share by richest 10%
22.9%
2011
31.9%
2013
Income share by poorest 10%
4%
2011
2.7%
2013
Government expenditure, % of GDP
36.8%
2024
33%
2024
Consumer prices inflation
4.05%
2023-2024
0.99%
2023-2024
Central bank interest rate
3%
2020
2.25%
2025
Unemployment rate
12%
2017
11.8%
2022
Population
48222325
38871720

Spending and national debt comparison by year

Algeria
Spending

Debt
Morocco
Spending

Debt
1x
Year % of GDP
Algeria Morocco
Government spending Government debt Government spending Government debt
2024 36.8% 48.1% 33% 67.7%
2023 37.4% 47.7% 32% 68.7%
2022 32.7% 48.1% 33.7% 71.4%
2021 32.5% 55.1% 31% 69.4%
2020 37.5% 46% 34.1% 72.2%
2019 37.1% 40.9% 27.6% 60.3%
2018 36.2% 34.5% 27.8% 60.5%
2017 36.2% 24% 27.9% 60.3%
2016 37.2% 18.1% 28.6% 60.1%
2015 40.9% 7.73% 28.5% 58.4%
2014 36.9% 6.85% 30.7% 58.6%
2013 33.5% 6.48% 30.4% 57.1%
2012 40% 8.58% 32.5% 52.3%
2011 37.7% 8.48% 31.2% 48.6%
2010 35.1% 9.51% 28.7% 45.3%
2009 40.1% 8.92% 28.1% 42.6%
2008 37.3% 7.64% 28.3% 42%
2007 33.1% 12.8% 26.4% 47.1%
2006 27.8% 22.5% 26% 50.6%
2005 27.8% 25.4% 28.6% 54.8%
2004 27.1% 32.7% 24.5% 54.4%
2003 27% 38.2% 24.1% 56.9%
2002 32.5% 47.3% 25.8% 59.4%
2001 29.1% 50% 23.7% 60.4%
2000 26.4% 53.4% 22.8% 64.9%
1999 29.4% 69.7% 18.4% 63.4%
1998 28.7% 79.9% 18.7% 64.5%
1997 28.5% 79.6% 18.6% 68%
1996 26.9% 90.7% 17.6% 65.3%
1995 28.9% 95.9% 21.3% 72.2%
1994 30.9% 106.3% 21.7% 69.3%
1993 32.6% 76.8% 23.1% 74.7%
1992 28.2% 69.3% 22.3% 67%
1991 27.6% 86.1% 20.8% 59.1%
1990 23.3% 63.6% 22.6% 70.5%

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/morocco | CC BY

In 2024, Algeria's government spending was $99.1B, accounting for 36.8% of its GDP, while Morocco spent $53.1B, or 33% of GDP.

Debt-to-GDP ratio is 48.1% in Algeria and 67.7% in Morocco, ranking 113/185 and 60/185, respectively.

Government deficit by year

Deficit/surplus
Algeria

Morocco
1x
Year Deficit/surplus, % of GDP
Algeria Morocco
2024 -13.8% -3.92%
2023 -5.52% -4.41%
2022 -2.96% -5.37%
2021 -6.32% -5.92%
2020 -10.5% -7.15%
2019 -8.51% -3.8%
2018 -6.15% -3.52%
2017 -7.55% -3.3%
2016 -11.8% -4.49%
2015 -13.9% -4.59%
2014 -7.14% -4.78%
2013 -0.79% -4.7%
2012 -4.04% -6.63%
2011 -1.06% -6.08%
2010 -1.35% -3.93%
2009 -6.53% -1.63%
2008 7.79% 0.63%
2007 4.63% -0.12%
2006 12.9% -1.8%
2005 11.4% -5.46%
2004 6.36% -3.31%
2003 7.22% -3.74%
2002 0.21% -4.37%
2001 3.15% -3.79%
2000 8.91% -1.97%
1999 -1.83% 3.21%
1998 -3.52% 1.47%
1997 2.19% 1.5%
1996 2.7% 0.87%
1995 -1.3% -2.54%
1994 -4.05% -2.51%
1993 -7.79% -2%
1992 -1.05% -1.84%
1991 1.53% -0.9%
1990 3.35% -1.32%

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

GeoRank.org/economy/algeria/morocco | 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 Morocco's deficit of $6.3B, or 3.92% of GDP.

Over the past 35 years, Algeria recorded a fiscal deficit in 22 of those years, while Morocco ran a deficit in 30 years. On average, Algeria posted an annual deficit equal to 1.58% of GDP, compared to deficit of 2.92% of GDP for Morocco.

Inflation comparison by year

Inflation
Algeria

Morocco
1x
Year Consumer prices inflation
Algeria Morocco
2024 4.05% 0.99%
2023 9.32% 6.09%
2022 9.27% 6.66%
2021 7.23% 1.4%
2020 2.42% 0.71%
2019 1.95% 0.3%
2018 4.27% 1.8%
2017 5.59% 0.75%
2016 6.4% 1.64%
2015 4.78% 1.56%
2014 2.92% 0.44%
2013 3.25% 1.88%
2012 8.89% 1.29%
2011 4.52% 0.91%
2010 3.91% 0.99%
2009 5.74% 0.97%
2008 4.86% 3.71%
2007 3.68% 2.04%
2006 2.31% 3.28%
2005 1.38% 0.98%
2004 3.96% 1.49%
2003 4.27% 1.17%
2002 1.42% 2.8%
2001 4.23% 0.62%
2000 0.34% 1.89%
1999 2.65% 0.68%
1998 4.95% 2.75%
1997 5.73% 1.04%

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

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

Over the past 28 years, Algeria has recorded an average annual inflation rate of 4.44%, compared with 1.82% in Morocco. In 2024, inflation was 4.05% in Algeria and 0.99% in Morocco.

Top exports between countries

Algeria
Export category Export value
Raw materials & minerals $434M
Textiles & consumer goods $8.46M
Raw agricultural goods $4.49M
Machinery & equipment $1.74M
Chemicals & pharma $1.15M
Miscellaneous $271K
Processed food, beverages & tobacco $257K
Metals $230K
Animal & marine products $104K
Wood & paper products $68K
Morocco
Export category Export value
Metals $30.1M
Textiles & consumer goods $13.5M
Raw agricultural goods $10.2M
Chemicals & pharma $8.96M
Machinery & equipment $2.44M
Raw materials & minerals $1.73M
Animal & marine products $1.4M
Processed food, beverages & tobacco $321K
Wood & paper products $23K
Miscellaneous $11K

Balance of trade

Algeria Morocco
Current account balance
-$2.75B
2024
-$1.87B
2024
Current account balance ranking
154/190
2024
141/190
2024
Current account balance, % of GDP
-1.02%
2024
-1.16%
2024
Goods imports
$45.3B
2024
$66.5B
2024
Goods exports
$48.8B
2024
$39.3B
2024
Service imports
$9.13B
2024
$14.3B
2024
Service exports
$4.22B
2024
$28.2B
2024
Imports of goods and services, % of GDP
20.3%
2024
50.2%
2024
Exports of goods and services, % of GDP
19.9%
2024
42%
2024

Economic freedom indices

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

Algeria Morocco
Economic freedom 45.8 61.8
Economic freedom ranking 179/197 91/197
Property rights 27.7 55.2
Government integrity 29.4 35.6
Judicial effectiveness 30 32.5
Tax burden 80.3 65.5
Government spending 61.9 67.5
Fiscal health 15.4 57.5
Business freedom 59.3 72.1
Labor freedom 52.2 46.2
Monetary freedom 74.7 79.6
Trade freedom 58.8 69.8
Investment freedom 30 80
Financial freedom 30 80

Economic freedom comparison by year

Algeria
Morocco
1x
Year Economic freedom index
Algeria Morocco
2026 45.8 61.8
2025 47.5 60.3
2024 43.9 56.8
2023 43.2 58.4
2022 45.8 59.2
2021 49.7 63.3
2020 46.9 63.3
2019 46.2 62.9
2018 44.7 61.9
2017 46.5 61.5
2016 50.1 61.3
2015 48.9 60.1
2014 50.8 58.3
2013 49.6 59.6
2012 51 60.2
2011 52.4 59.6
2010 56.9 59.2
2009 56.6 57.7
2008 56.2 55.6
2007 55.4 56.4
2006 55.7 51.5
2005 53.2 52.2
2004 58.1 56.7
2003 57.7 57.8
2002 61 59
2001 57.3 63.9
2000 56.8 63.2
1999 57.2 63.8
1998 55.8 61.1
1997 54.9 64.7
1996 54.5 64.3
1995 55.7 62.8

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

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

The Economic Freedom Index for Algeria is 45.8, ranking 179/197, compared to 61.8 for Morocco, ranking 91/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Algeria Morocco
Services, % of GDP
46.8%
2024
52.7%
2024
Industry, % of GDP
36.2%
2024
25.6%
2024
Agriculture, forestry, and fishing, % of GDP
14%
2024
10.6%
2024
GNI, Atlas method
$252B
2024
$149B
2024
GNI per capita, PPP
$17,290
2024
$10,260
2024
Total reserves including gold
$83B
2024
$37.1B
2024
Total reserves ranking
31/177
2024
52/177
2024
Net foreign direct investment
-$1.23B
2024
-$948M
2024
Net inflows of foreign direct investment
$1.23B
2024
$1.64B
2024
Net outflows of foreign direct investment
$265K
2024
$691M
2024
Servicing debt to the IMF, % of GNI
0.17%
2024
5.63%
2024
Poverty at national poverty lines
5.5%
2011
3.9%
2022
Gross capital formation, % of GDP
41.1%
2024
30.1%
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/morocco | 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. 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.