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Economy of Algeria vs Myanmar compared: GDP & Debt

Updated on by Georank team

Algeria has a GDP of $269B compared to $74.1B for Myanmar, ranking 51/197 and 85/197 by economy size, respectively.

Algeria has $129B in government debt (48.1% of GDP), compared to $44B (59.3% of GDP) in Myanmar.

Algeria vs Myanmar GDP by year

Algeria
Myanmar
1x
Year GDP, current $
Algeria Myanmar
2024 $269,322,281,665 $74,068,349,524
2023 $247,923,887,215 $66,757,619,000
2022 $225,581,644,703 $62,253,049,903
2021 $186,231,205,262 $66,345,291,149
2020 $164,873,415,325 $79,006,113,670
2019 $193,459,662,091 $75,065,106,243
2018 $194,554,483,656 $67,860,515,993
2017 $189,880,896,903 $66,053,040,475
2016 $180,763,839,522 $63,298,361,984
2015 $187,493,855,609 $59,607,290,408
2014 $238,942,664,193 $65,531,374,210
2013 $229,701,430,292 $60,269,732,855
2012 $227,143,746,076 $59,937,796,648
2011 $218,331,946,925 $59,977,326,086
2010 $177,785,053,940 $49,540,813,342
2009 $150,317,292,079 $36,906,181,381
2008 $180,383,848,331 $31,862,554,102
2007 $142,482,739,810 $20,182,477,481
2006 $123,084,258,693 $14,502,553,710
2005 $107,046,618,670 $11,986,972,419
2004 $91,913,680,985 $10,567,354,056
2003 $73,482,264,191 $10,467,109,978
2002 $61,516,103,406 $6,777,632,512
2001 $59,413,400,924 $6,477,790,688
2000 $54,790,398,570 $8,905,066,164
1999 $48,640,671,735 $8,486,832,801
1998 $48,187,781,984 $6,459,461,639
1997 $48,177,612,042 $4,722,288,496
1996 $46,941,554,225 $6,123,556,717
1995 $41,764,291,672 $5,289,174,943
1994 $42,543,176,829 $4,432,257,174
1993 $49,945,584,453 $3,163,020,035
1992 $48,003,133,347 $2,411,552,289
1991 $45,715,676,428 $2,069,832,687
1990 $62,048,507,531 $2,115,193,513
1989 $55,634,721,573 $2,013,448,229
1988 $59,089,396,860 $1,541,088,312
1987 $66,745,818,375 $1,562,448,077
1986 $63,692,007,897 $1,582,873,750
1985 $57,937,868,670 $1,478,908,173
1984 $53,698,548,293 $1,304,063,253
1983 $48,801,369,800 $1,381,573,615
1982 $45,207,167,470 $1,481,165,468
1981 $44,348,590,461 $1,111,000,765
1980 $42,345,829,079 $1,038,225,167
1979 $33,243,706,860 $952,265,043
1978 $26,364,491,313 $935,408,775
1977 $20,972,113,685 $873,579,932
1976 $17,728,240,932 $1,204,699,849
1975 $15,557,902,754 $1,061,107,354
1974 $13,209,871,626 $1,225,589,878
1973 $8,707,858,912 $719,754,655
1972 $6,766,743,957 $662,213,083
1971 $5,077,183,094 $587,448,405
1970 $4,863,526,897 $563,555,631
1969 $4,257,253,264 $571,854,215
1968 $3,852,147,027 $559,956,130
1967 $3,370,870,376 $420,359,036
1966 $3,039,859,187 $293,103,479
1965 $3,136,284,307 $367,053,117
1964 $2,909,316,435 $411,419,906
1963 $2,702,982,018 $598,998,419
1962 $2,001,444,544 $634,528,872
1961 $2,434,747,056 $605,581,577
1960 $2,723,615,451 $545,098,448

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

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

GDP per capita in Algeria vs Myanmar by year

Algeria
GDP per capita

GDP per capita, PPP
Myanmar
GDP per capita

GDP per capita, PPP
1x
Year Current $
Algeria Myanmar
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $5,753 $17,621 $1,359 $5,997
2023 $5,370 $16,824 $1,233 $5,953
2022 $4,960 $15,836 $1,158 $5,732
2021 $4,161 $14,497 $1,243 $5,178
2020 $3,744 $12,677 $1,490 $5,741
2019 $4,468 $13,893 $1,426 $6,101
2018 $4,577 $13,727 $1,298 $5,581
2017 $4,555 $13,494 $1,273 $4,706
2016 $4,425 $13,438 $1,229 $4,460
2015 $4,685 $13,807 $1,167 $4,459
2014 $6,095 $14,694 $1,293 $4,376
2013 $5,980 $14,371 $1,199 $4,144
2012 $6,034 $14,441 $1,203 $3,845
2011 $5,916 $14,640 $1,214 $3,579
2010 $4,913 $14,201 $1,011 $3,348
2009 $4,235 $13,651 $758 $3,040
2008 $5,181 $13,666 $658 $2,748
2007 $4,167 $13,321 $419 $2,459
2006 $3,661 $12,791 $303 $2,153
2005 $3,233 $12,246 $252.7 $1,860
2004 $2,817 $11,432 $224.5 $1,601
2003 $2,284 $10,803 $224.3 $1,385
2002 $1,937 $10,080 $146.6 $1,204
2001 $1,896 $9,544 $141.5 $1,069
2000 $1,773 $9,187 $196.6 $949
1999 $1,596 $8,776 $189.5 $825
1998 $1,603 $8,503 $146 $742
1997 $1,629 $8,129 $108 $702
1996 $1,617 $8,053 $141.9 $661
1995 $1,467 $7,747 $124.1 $618
1994 $1,526 $7,463 $105.4 $573
1993 $1,831 $7,538 $76.2 $529
1992 $1,803 $7,705 $58.9 $494
1991 $1,759 $7,582 $51.2 $447
1990 $2,445 $7,602 $53.1 $441
1989 $2,247 - $51.3 -
1988 $2,451 - $39.9 -
1987 $2,847 - $41.1 -
1986 $2,800 - $42.4 -
1985 $2,633 - $40.4 -
1984 $2,524 - $36.3 -
1983 $2,374 - $39.3 -
1982 $2,275 - $43 -
1981 $2,307 - $32.8 -
1980 $2,276 - $31.2 -
1979 $1,843 - $29.2 -
1978 $1,506 - $29.3 -
1977 $1,232 - $27.9 -
1976 $1,080 - $39.2 -
1975 $992 - $35.2 -
1974 $873 - $41.4 -
1973 $590 - $24.8 -
1972 $469 - $23.3 -
1971 $360 - $21.1 -
1970 $353 - $20.7 -
1969 $316 - $21.5 -
1968 $292.4 - $21.5 -
1967 $261.8 - $16.5 -
1966 $241.4 - $11.8 -
1965 $253.6 - $15.1 -
1964 $238.9 - $17.3 -
1963 $225.6 - $25.8 -
1962 $169.6 - $27.9 -
1961 $209.4 - $27.3 -
1960 $238.4 - $25.1 -

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

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

Algeria's GDP per capita is $5,753, ranking 114/197, compared to $1,359 in Myanmar, ranking 165/197. Adjusted for purchasing power (GDP per capita PPP), Algeria ranks 105th at $17,621, while Myanmar ranks 153rd at $5,997.

Economic indicators

Algeria Myanmar
Gross domestic product
$269B
2024
$74.1B
2024
GDP rank
51/197
2024
85/197
2024
GDP growth
3.7%
2023-2024
-0.97%
2023-2024
GDP per capita
$5,753
2024
$1,359
2024
GDP per capita rank
114/197
2024
165/197
2024
GDP per capita, PPP
$17,621
2024
$5,997
2024
GDP per capita PPP rank
105/197
2024
153/197
2024
Government debt
$129B
2024
$44B
2024
Debt-to-GDP ratio
48.1%
2024
59.3%
2024
Government debt per person
$2,765
2024
$806
2024
Government debt per person rank
106/185
2024
150/185
2024
Average annual personal income after taxes
$3,787
2026
$1,646
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
25.5%
2017
Income share by poorest 10%
4%
2011
3.8%
2017
Government expenditure, % of GDP
36.8%
2024
20.7%
2024
Consumer prices inflation
4.05%
2023-2024
8.83%
2018-2019
Central bank interest rate
3%
2020
n/a
Unemployment rate
12%
2017
1.48%
2020
Population
48222325
55292116

Spending and national debt comparison by year

Algeria
Spending

Debt
Myanmar
Spending

Debt
1x
Year % of GDP
Algeria Myanmar
Government spending Government debt Government spending Government debt
2024 36.8% 48.1% 20.7% 59.3%
2023 37.4% 47.7% 21.4% 59.1%
2022 32.7% 48.1% 21.3% 56.1%
2021 32.5% 55.1% 20.9% 63.4%
2020 37.5% 46% 21.3% 49.1%
2019 37.1% 40.9% 20.5% 37.6%
2018 36.2% 34.5% 18.7% 39.9%
2017 36.2% 24% 19.7% 41.9%
2016 37.2% 18.1% 21.3% 35.7%
2015 40.9% 7.73% 23.7% 36.6%
2014 36.9% 6.85% 24.7% 34.5%
2013 33.5% 6.48% 23.9% 44.8%
2012 40% 8.58% 20% 48%
2011 37.7% 8.48% 15.6% 49.9%
2010 35.1% 9.51% 15.8% 54.4%
2009 40.1% 8.92% 14.4% 56.4%
2008 37.3% 7.64% 14.4% 59.8%
2007 33.1% 12.8% 15.7% 77.4%
2006 27.8% 22.5% 15.6% 103.1%
2005 27.8% 25.4% 14.6% 119%
2004 27.1% 32.7% 14.6% 126.6%
2003 27% 38.2% 14.3% 146%
2002 32.5% 47.3% 15.3% 190.6%
2001 29.1% 50% 19.1% 262%
2000 26.4% 53.4% 21.4% 164.5%
1999 29.4% 69.7% 22.8% 150.7%
1998 28.7% 79.9% 25.2% 208.6%
1997 28.5% 79.6% - -
1996 26.9% 90.7% - -
1995 28.9% 95.9% - -
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/myanmar | CC BY

In 2024, Algeria's government spending was $99.1B, accounting for 36.8% of its GDP, while Myanmar spent $15.3B, or 20.7% of GDP.

Debt-to-GDP ratio is 48.1% in Algeria and 59.3% in Myanmar, ranking 113/185 and 81/185, respectively.

Government deficit by year

Deficit/surplus
Algeria

Myanmar
1x
Year Deficit/surplus, % of GDP
Algeria Myanmar
2024 -13.8% -5.06%
2023 -5.52% -5.18%
2022 -2.96% -2.82%
2021 -6.32% -2.47%
2020 -10.5% -6.5%
2019 -8.51% -4.7%
2018 -6.15% -2.77%
2017 -7.55% -3.42%
2016 -11.8% -2.53%
2015 -13.9% -4.33%
2014 -7.14% -1.06%
2013 -0.79% -1.53%
2012 -4.04% -2.7%
2011 -1.06% -4.82%
2010 -1.35% -5.4%
2009 -6.53% -3.55%
2008 7.79% -2.73%
2007 4.63% -3.52%
2006 12.9% -3.42%
2005 11.4% -3.49%
2004 6.36% -4.62%
2003 7.22% -4.24%
2002 0.21% -4.01%
2001 3.15% -6.34%
2000 8.91% -6.03%
1999 -1.83% -4.46%
1998 -3.52% -4.89%
1997 2.19% -
1996 2.7% -
1995 -1.3% -
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/myanmar | 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 Myanmar's deficit of $3.75B, or 5.06% of GDP.

Over the past 27 years, Algeria recorded a fiscal deficit in 18 of those years, while Myanmar ran a deficit in 27 years. On average, Algeria posted an annual deficit equal to 1.88% of GDP, compared to deficit of 3.95% of GDP for Myanmar.

Inflation comparison by year

Inflation
Algeria

Myanmar
1x
Year Consumer prices inflation
Algeria Myanmar
2024 4.05% -
2023 9.32% -
2022 9.27% -
2021 7.23% -
2020 2.42% -
2019 1.95% 8.83%
2018 4.27% 6.87%
2017 5.59% 4.57%
2016 6.4% 6.93%
2015 4.78% 9.45%
2014 2.92% 4.95%
2013 3.25% 5.64%
2012 8.89% 1.47%
2011 4.52% 5.02%
2010 3.91% 7.72%
2009 5.74% 1.47%
2008 4.86% 26.8%
2007 3.68% 35%
2006 2.31% 20%
2005 1.38% 9.37%
2004 3.96% 4.53%
2003 4.27% 36.6%
2002 1.42% 57.1%
2001 4.23% 21.1%
2000 0.34% -0.11%
1999 2.65% 18.4%
1998 4.95% 51.5%
1997 5.73% 29.7%

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

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

Over the past 23 years, Algeria has recorded an average annual inflation rate of 4%, compared with 16.2% in Myanmar. In 2019, inflation was 4.05% in Algeria and 8.83% in Myanmar.

Top exports between countries

Algeria
Export category Export value
Myanmar
Export category Export value
Raw agricultural goods $659K
Textiles & consumer goods $356K

Balance of trade

Algeria Myanmar
Current account balance
-$2.75B
2024
$67.7M
2019
Current account balance ranking
154/190
2024
71/190
2019
Current account balance, % of GDP
-1.02%
2024
+0.09%
2019
Goods imports
$45.3B
2024
$13.7B
2019
Goods exports
$48.8B
2024
$10.8B
2019
Service imports
$9.13B
2024
$3.66B
2019
Service exports
$4.22B
2024
$6.68B
2019
Imports of goods and services, % of GDP
20.3%
2024
n/a
Exports of goods and services, % of GDP
19.9%
2024
24.3%
2025

Economic freedom indices

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

Algeria Myanmar
Economic freedom 45.8 44.5
Economic freedom ranking 179/197 180/197
Property rights 27.7 5.7
Government integrity 29.4 18.1
Judicial effectiveness 30 3.9
Tax burden 80.3 88.6
Government spending 61.9 86.6
Fiscal health 15.4 62.7
Business freedom 59.3 37.9
Labor freedom 52.2 53.2
Monetary freedom 74.7 57.5
Trade freedom 58.8 69.4
Investment freedom 30 30
Financial freedom 30 20

Economic freedom comparison by year

Algeria
Myanmar
1x
Year Economic freedom index
Algeria Myanmar
2026 45.8 44.5
2025 47.5 43.7
2024 43.9 42.2
2023 43.2 46.5
2022 45.8 49.6
2021 49.7 55.2
2020 46.9 54
2019 46.2 53.6
2018 44.7 53.9
2017 46.5 52.5
2016 50.1 48.7
2015 48.9 46.9
2014 50.8 46.5
2013 49.6 39.2
2012 51 38.7
2011 52.4 37.8
2010 56.9 36.7
2009 56.6 37.7
2008 56.2 39.5
2007 55.4 41
2006 55.7 40
2005 53.2 40.5
2004 58.1 43.6
2003 57.7 44.9
2002 61 45.5
2001 57.3 46.1
2000 56.8 47.9
1999 57.2 46.4
1998 55.8 45.7
1997 54.9 45.4
1996 54.5 45.1
1995 55.7 -

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

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

The Economic Freedom Index for Algeria is 45.8, ranking 179/197, compared to 44.5 for Myanmar, ranking 180/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Algeria Myanmar
Services, % of GDP
46.8%
2024
41.4%
2024
Industry, % of GDP
36.2%
2024
37.8%
2024
Agriculture, forestry, and fishing, % of GDP
14%
2024
20.8%
2024
GNI, Atlas method
$252B
2024
$65.9B
2024
GNI per capita, PPP
$17,290
2024
$5,890
2024
Total reserves including gold
$83B
2024
$9.34B
2023
Total reserves ranking
31/177
2024
81/177
2023
Net foreign direct investment
-$1.23B
2024
-$1.74B
2019
Net inflows of foreign direct investment
$1.23B
2024
$1.1B
2024
Net outflows of foreign direct investment
$265K
2024
$0
2024
Servicing debt to the IMF, % of GNI
0.17%
2024
1.31%
2024
Poverty at national poverty lines
5.5%
2011
24.8%
2017
Gross capital formation, % of GDP
41.1%
2024
n/a

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/myanmar | 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 (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.