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Economy of Algeria vs Palestine compared: GDP & Debt

Updated on by Georank

Algeria has a GDP of $287B compared to $17.2B for Palestine, ranking 51/197 and 141/197 by economy size, respectively.

Algeria vs Palestine GDP by year

Algeria
Palestine
1x
Year GDP, current $
Algeria Palestine
2025 $287,031,225,988 $17,167,100,000
2024 $269,322,281,665 $16,016,900,000
2023 $247,923,887,215 $18,635,100,000
2022 $225,581,644,703 $19,165,500,000
2021 $186,231,205,262 $18,109,000,000
2020 $164,873,415,325 $15,531,700,000
2019 $193,459,662,091 $17,133,500,000
2018 $194,554,483,656 $16,276,600,000
2017 $189,880,896,903 $16,128,000,000
2016 $180,763,839,522 $15,405,400,000
2015 $187,493,855,609 $13,972,400,000
2014 $238,942,664,193 $13,989,700,000
2013 $229,701,430,292 $13,515,500,000
2012 $227,143,746,076 $12,208,400,000
2011 $218,331,946,925 $11,186,100,000
2010 $177,785,053,940 $9,681,500,000
2009 $150,317,292,079 $8,085,700,000
2008 $180,383,848,331 $7,310,400,000
2007 $142,482,739,810 $5,815,700,000
2006 $123,084,258,693 $5,348,300,000
2005 $107,046,618,670 $5,125,700,000
2004 $91,913,680,985 $4,603,100,000
2003 $73,482,264,191 $3,968,000,000
2002 $61,516,103,406 $3,555,800,000
2001 $59,413,400,924 $4,003,700,000
2000 $54,790,398,570 $4,313,600,000
1999 $48,640,671,735 $4,271,200,000
1998 $48,187,781,984 $4,067,800,000
1997 $48,177,612,042 $3,759,800,000
1996 $46,941,554,225 $3,409,600,000
1995 $41,764,291,672 $3,282,800,000
1994 $42,543,176,829 $2,843,300,000
1993 $49,945,584,453 -
1992 $48,003,133,347 -
1991 $45,715,676,428 -
1990 $62,048,507,531 -
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 (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Algeria vs Palestine by year

Algeria
GDP per capita

GDP per capita, PPP
Palestine
GDP per capita

GDP per capita, PPP
1x
Year Current $
Algeria Palestine
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $6,051 - $3,171 -
2024 $5,753 $17,621 $3,028 $4,371
2023 $5,370 $16,824 $3,607 $5,950
2022 $4,960 $15,836 $3,800 $6,163
2021 $4,161 $14,497 $3,679 $5,663
2020 $3,744 $12,677 $3,234 $5,956
2019 $4,468 $13,893 $3,657 $6,508
2018 $4,577 $13,727 $3,562 $6,216
2017 $4,555 $13,494 $3,620 $6,107
2016 $4,425 $13,438 $3,528 $6,062
2015 $4,685 $13,807 $3,272 $5,770
2014 $6,095 $14,694 $3,352 $5,382
2013 $5,980 $14,371 $3,315 $5,288
2012 $6,034 $14,441 $3,067 $5,215
2011 $5,916 $14,640 $2,881 $4,495
2010 $4,913 $14,201 $2,557 $4,121
2009 $4,235 $13,651 $2,192 $3,950
2008 $5,181 $13,666 $2,035 $3,713
2007 $4,167 $13,321 $1,664 $3,486
2006 $3,661 $12,791 $1,570 $3,354
2005 $3,233 $12,246 $1,544 $3,372
2004 $2,817 $11,432 $1,422 $3,014
2003 $2,284 $10,803 $1,258 $2,469
2002 $1,937 $10,080 $1,156 $2,179
2001 $1,896 $9,544 $1,336 $2,515
2000 $1,773 $9,187 $1,476 $2,783
1999 $1,596 $8,776 $1,499 $3,052
1998 $1,603 $8,503 $1,465 $2,852
1997 $1,629 $8,129 $1,389 $2,530
1996 $1,617 $8,053 $1,317 $2,269
1995 $1,467 $7,747 $1,327 $2,302
1994 $1,526 $7,463 $1,202 $2,201
1993 $1,831 $7,538 - -
1992 $1,803 $7,705 - -
1991 $1,759 $7,582 - -
1990 $2,445 $7,602 - -
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 (1960–2025, retrieved 2026-07-08).

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

Algeria's GDP per capita is $6,051, ranking 114/197, compared to $3,171 in Palestine, ranking 141/197. Adjusted for purchasing power (GDP per capita PPP), Algeria ranks 105th at $17,621, while Palestine ranks 164th at $4,371.

Economic indicators

Algeria Palestine
Gross domestic product
$287B
2025
$17.2B
2025
GDP rank
51/197
2025
141/197
2025
GDP growth
3.82%
2024-2025
4.34%
2024-2025
GDP per capita
$6,051
2025
$3,171
2025
GDP per capita rank
114/197
2025
141/197
2025
GDP per capita, PPP
$17,621
2024
$4,371
2024
GDP per capita PPP rank
105/197
2024
164/197
2024
Government debt
$155B
2025
n/a
Debt-to-GDP ratio
54.1%
2025
n/a
Government debt per person
$3,274
2025
n/a
Government debt per person rank
100/185
2025
n/a
Average annual personal income after taxes
$3,755
2026
$1,385
2026
Market capitalization of domestic companies
$371M
2018
$4.94B
2025
Number of billionaires
1
2026
n/a
Income share by richest 10%
22.9%
2011
27.1%
2023
Income share by poorest 10%
4%
2011
2.5%
2023
Government expenditure, % of GDP
36.2%
2025
20%
2026
Consumer prices inflation
1.42%
2024-2025
9.81%
2024-2025
Central bank interest rate
3%
2020
n/a
Unemployment rate
11.7%
2017
28.7%
2025
Population
48345858
5563879

Inflation comparison by year

Inflation
Algeria

Palestine
1x
Year Consumer prices inflation
Algeria Palestine
2025 1.42% 9.81%
2024 4.05% 53.7%
2023 9.32% 5.87%
2022 9.27% 3.74%
2021 7.23% 1.24%
2020 2.42% -0.74%
2019 1.95% 1.58%
2018 4.27% -0.2%
2017 5.59% 0.21%
2016 6.4% -0.22%
2015 4.78% 1.43%
2014 2.92% 1.73%
2013 3.25% 1.72%
2012 8.89% 2.78%
2011 4.52% 2.88%
2010 3.91% 3.75%
2009 5.74% 2.75%
2008 4.86% 9.89%
2007 3.68% 1.86%
2006 2.31% 3.84%
2005 1.38% 4.11%
2004 3.96% 3%
2003 4.27% 4.4%
2002 1.42% 5.71%
2001 4.23% 1.22%
2000 0.34% 2.8%
1999 2.65% 5.54%
1998 4.95% 5.58%
1997 5.73% 7.09%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Algeria has recorded an average annual inflation rate of 4.33%, compared with 5.07% in Palestine. In 2025, inflation was 1.42% in Algeria and 9.81% in Palestine.

Top exports between countries

Algeria
Export category Export value
Palestine
Export category Export value
Chemicals & pharma $4.63M

Balance of trade

Algeria Palestine
Current account balance
-$2.75B
2024
-$2.72B
2025
Current account balance ranking
151/190
2024
150/190
2025
Current account balance, % of GDP
-1.02%
2024
-15.8%
2025
Goods imports
$45.3B
2024
$7.84B
2025
Goods exports
$48.8B
2024
$3.01B
2025
Service imports
$9.13B
2024
$1.38B
2025
Service exports
$4.22B
2024
$607M
2025
Imports of goods and services, % of GDP
22.1%
2025
53.5%
2025
Exports of goods and services, % of GDP
16.8%
2025
21.2%
2025

Economic freedom indices

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

Algeria Palestine
Economic freedom 45.8 30
Economic freedom ranking 179/197 192/197
Property rights 27.7 n/a
Government integrity 29.4 n/a
Judicial effectiveness 30 n/a
Tax burden 80.3 n/a
Government spending 61.9 n/a
Fiscal health 15.4 n/a
Business freedom 59.3 n/a
Labor freedom 52.2 n/a
Monetary freedom 74.7 n/a
Trade freedom 58.8 n/a
Investment freedom 30 n/a
Financial freedom 30 n/a

Other economic metrics

Algeria Palestine
Services, % of GDP
45.7%
2025
60.2%
2024
Industry, % of GDP
34.8%
2025
16.3%
2024
Agriculture, forestry, and fishing, % of GDP
14.5%
2025
5.52%
2024
GNI, Atlas method
$278B
2025
$17.6B
2025
GNI per capita, PPP
$18,240
2025
$5,310
2025
Total reserves including gold
$72.5B
2025
$1.83B
2025
Total reserves ranking
38/177
2025
129/177
2025
Net foreign direct investment
-$1.23B
2024
-$315M
2025
Net inflows of foreign direct investment
$1.23B
2024
$162M
2024
Net outflows of foreign direct investment
$265K
2024
$10.7M
2024
Servicing debt to the IMF, % of GNI
0.17%
2024
n/a
Poverty at national poverty lines
5.5%
2011
32.8%
2023
Gross capital formation, % of GDP
45.3%
2025
25.6%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2026, retrieved 2026-07-08)
  2. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-07-08)
  4. International Monetary Fund (IMF) | Fiscal Monitor (2025, retrieved 2026-07-08)
  5. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  6. LivingCost (2026, retrieved 2026-07-08)
  7. TradeMap (2024, retrieved 2026-07-08)

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.