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Economy of Algeria vs Qatar compared: GDP & Debt

Updated on by Georank team

Algeria has a GDP of $269B compared to $219B for Qatar, ranking 51/197 and 56/197 by economy size, respectively.

Algeria has $129B in government debt (48.1% of GDP), compared to $90.2B (41.2% of GDP) in Qatar.

Algeria vs Qatar GDP by year

Algeria
Qatar
1x
Year GDP, current $
Algeria Qatar
2024 $269,322,281,665 $219,162,637,363
2023 $247,923,887,215 $217,308,516,484
2022 $225,581,644,703 $235,709,340,659
2021 $186,231,205,262 $179,732,142,857
2020 $164,873,415,325 $144,411,538,462
2019 $193,459,662,091 $176,371,428,571
2018 $194,554,483,656 $183,335,164,835
2017 $189,880,896,903 $161,099,175,824
2016 $180,763,839,522 $151,732,142,857
2015 $187,493,855,609 $161,739,835,165
2014 $238,942,664,193 $206,224,725,275
2013 $229,701,430,292 $198,727,747,253
2012 $227,143,746,076 $186,833,516,484
2011 $218,331,946,925 $167,775,274,725
2010 $177,785,053,940 $123,627,197,802
2009 $150,317,292,079 $97,798,351,648
2008 $180,383,848,331 $115,270,054,945
2007 $142,482,739,810 $79,712,087,912
2006 $123,084,258,693 $60,882,142,857
2005 $107,046,618,670 $44,530,494,505
2004 $91,913,680,985 $31,734,065,934
2003 $73,482,264,191 $23,533,791,209
2002 $61,516,103,406 $19,363,736,264
2001 $59,413,400,924 $17,538,461,538
2000 $54,790,398,570 $17,759,890,110
1999 $48,640,671,735 $12,393,131,868
1998 $48,187,781,984 $10,255,495,027
1997 $48,177,612,042 $11,297,802,115
1996 $46,941,554,225 $9,059,340,385
1995 $41,764,291,672 $8,137,911,978
1994 $42,543,176,829 $7,374,450,769
1993 $49,945,584,453 $7,156,593,654
1992 $48,003,133,347 $7,646,153,984
1991 $45,715,676,428 $6,883,516,484
1990 $62,048,507,531 $7,360,439,423
1989 $55,634,721,573 $6,487,912,088
1988 $59,089,396,860 $6,038,187,033
1987 $66,745,818,375 $5,446,428,681
1986 $63,692,007,897 $5,053,021,951
1985 $57,937,868,670 $6,153,296,456
1984 $53,698,548,293 $6,704,395,824
1983 $48,801,369,800 $6,467,582,308
1982 $45,207,167,470 $7,596,703,214
1981 $44,348,590,461 $8,661,263,764
1980 $42,345,829,079 $7,829,165,262
1979 $33,243,706,860 $5,632,962,997
1978 $26,364,491,313 $4,052,000,413
1977 $20,972,113,685 $3,617,564,638
1976 $17,728,240,932 $3,284,273,987
1975 $15,557,902,754 $2,512,773,166
1974 $13,209,871,626 $2,401,403,227
1973 $8,707,858,912 $793,885,560
1972 $6,766,743,957 $510,262,500
1971 $5,077,183,094 $387,703,106
1970 $4,863,526,897 $301,791,302
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/qatar | CC BY

GDP per capita in Algeria vs Qatar by year

Algeria
GDP per capita

GDP per capita, PPP
Qatar
GDP per capita

GDP per capita, PPP
1x
Year Current $
Algeria Qatar
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $5,753 $17,621 $76,689 $126,046
2023 $5,370 $16,824 $81,817 $129,368
2022 $4,960 $15,836 $88,701 $122,921
2021 $4,161 $14,497 $71,752 $116,833
2020 $3,744 $12,677 $51,684 $82,149
2019 $4,468 $13,893 $66,841 $107,503
2018 $4,577 $13,727 $71,040 $110,033
2017 $4,555 $13,494 $63,280 $99,358
2016 $4,425 $13,438 $61,254 $89,935
2015 $4,685 $13,807 $68,985 $102,546
2014 $6,095 $14,694 $95,841 $148,389
2013 $5,980 $14,371 $103,697 $169,203
2012 $6,034 $14,441 $108,470 $180,939
2011 $5,916 $14,640 $103,262 $174,620
2010 $4,913 $14,201 $76,463 $151,646
2009 $4,235 $13,651 $60,786 $125,898
2008 $5,181 $13,666 $80,781 $126,015
2007 $4,167 $13,321 $65,954 $124,056
2006 $3,661 $12,791 $62,582 $127,181
2005 $3,233 $12,246 $53,950 $115,250
2004 $2,817 $11,432 $41,036 $110,958
2003 $2,284 $10,803 $31,602 $94,120
2002 $1,937 $10,080 $27,227 $93,177
2001 $1,896 $9,544 $25,871 $89,805
2000 $1,773 $9,187 $27,535 $88,849
1999 $1,596 $8,776 $20,234 $84,690
1998 $1,603 $8,503 $17,665 $84,486
1997 $1,629 $8,129 $20,523 $79,219
1996 $1,617 $8,053 $17,125 $62,331
1995 $1,467 $7,747 $15,823 $60,321
1994 $1,526 $7,463 $14,765 $59,415
1993 $1,831 $7,538 $14,770 $59,125
1992 $1,803 $7,705 $16,280 $60,387
1991 $1,759 $7,582 $15,133 $54,759
1990 $2,445 $7,602 $16,722 $55,659
1989 $2,247 - $15,243 -
1988 $2,451 - $14,682 -
1987 $2,847 - $13,719 -
1986 $2,800 - $13,213 -
1985 $2,633 - $16,815 -
1984 $2,524 - $19,272 -
1983 $2,374 - $19,616 -
1982 $2,275 - $24,385 -
1981 $2,307 - $29,505 -
1980 $2,276 - $28,375 -
1979 $1,843 - $21,777 -
1978 $1,506 - $16,757 -
1977 $1,232 - $16,058 -
1976 $1,080 - $15,710 -
1975 $992 - $13,014 -
1974 $873 - $13,540 -
1973 $590 - $4,905 -
1972 $469 - $3,483 -
1971 $360 - $2,952 -
1970 $353 - $2,594 -
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/qatar | CC BY

Algeria's GDP per capita is $5,753, ranking 114/197, compared to $76,689 in Qatar, ranking 11/197. Adjusted for purchasing power (GDP per capita PPP), Algeria ranks 105th at $17,621, while Qatar ranks 5th at $126,046.

Economic indicators

Algeria Qatar
Gross domestic product
$269B
2024
$219B
2024
GDP rank
51/197
2024
56/197
2024
GDP growth
3.7%
2023-2024
2.36%
2023-2024
GDP per capita
$5,753
2024
$76,689
2024
GDP per capita rank
114/197
2024
11/197
2024
GDP per capita, PPP
$17,621
2024
$126,046
2024
GDP per capita PPP rank
105/197
2024
5/197
2024
Government debt
$129B
2024
$90.2B
2024
Debt-to-GDP ratio
48.1%
2024
41.2%
2024
Government debt per person
$2,765
2024
$31,579
2024
Government debt per person rank
106/185
2024
23/185
2024
Average annual personal income after taxes
$3,787
2026
$35,660
2026
Market capitalization of domestic companies
$371M
2018
$170M
2024
Number of millionaires n/a
26,163
2025
Number of billionaires
1
2025
2
2025
Income share by richest 10%
22.9%
2011
25.8%
2017
Income share by poorest 10%
4%
2011
2.6%
2017
Government expenditure, % of GDP
36.8%
2024
26%
2024
Consumer prices inflation
4.05%
2023-2024
1.27%
2023-2024
Central bank interest rate
3%
2020
4.1%
2025
Unemployment rate
12%
2017
0.13%
2022
Population
48222325
2999260

Spending and national debt comparison by year

Algeria
Spending

Debt
Qatar
Spending

Debt
1x
Year % of GDP
Algeria Qatar
Government spending Government debt Government spending Government debt
2024 36.8% 48.1% 26% 41.2%
2023 37.4% 47.7% 27.3% 43.7%
2022 32.7% 48.1% 24.3% 42.6%
2021 32.5% 55.1% 29.4% 58.4%
2020 37.5% 46% 34.7% 72.6%
2019 37.1% 40.9% 32.5% 62.1%
2018 36.2% 34.5% 28.9% 52.2%
2017 36.2% 24% 34.7% 51.6%
2016 37.2% 18.1% 40.1% 46.7%
2015 40.9% 7.73% 38.6% 35.5%
2014 36.9% 6.85% 32.3% 24.9%
2013 33.5% 6.48% 28.3% 30.9%
2012 40% 8.58% 31% 32.1%
2011 37.7% 8.48% 28.5% 33.5%
2010 35.1% 9.51% 32% 30.4%
2009 40.1% 8.92% 36.4% 36%
2008 37.3% 7.64% 23.5% 11.4%
2007 33.1% 12.8% 29.5% 9.37%
2006 27.8% 22.5% 29.5% 13.9%
2005 27.8% 25.4% 29% 19.1%
2004 27.1% 32.7% 29.9% 30.1%
2003 27% 38.2% 28.5% 38.8%
2002 32.5% 47.3% 31.6% 47.7%
2001 29.1% 50% 32.1% 59.2%
2000 26.4% 53.4% 29.8% 51.6%
1999 29.4% 69.7% 42.4% 81.8%
1998 28.7% 79.9% 55.1% 76.6%
1997 28.5% 79.6% 47.6% 54.4%
1996 26.9% 90.7% 55.2% 57.8%
1995 28.9% 95.9% 52.2% 50.2%
1994 30.9% 106.3% 59.8% 54.8%
1993 32.6% 76.8% 62.8% 46.3%
1992 28.2% 69.3% 54.2% 19.9%
1991 27.6% 86.1% 57.5% 21.8%
1990 23.3% 63.6% 50% 12.6%

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/qatar | CC BY

In 2024, Algeria's government spending was $99.1B, accounting for 36.8% of its GDP, while Qatar spent $56.9B, or 26% of GDP.

Debt-to-GDP ratio is 48.1% in Algeria and 41.2% in Qatar, ranking 113/185 and 130/185, respectively.

Government deficit by year

Deficit/surplus
Algeria

Qatar
1x
Year Deficit/surplus, % of GDP
Algeria Qatar
2024 -13.8% 0.69%
2023 -5.52% 5.56%
2022 -2.96% 10.4%
2021 -6.32% 0.24%
2020 -10.5% -2.13%
2019 -8.51% 1%
2018 -6.15% 2.26%
2017 -7.55% -6.82%
2016 -11.8% -9.2%
2015 -13.9% 18.4%
2014 -7.14% 13.4%
2013 -0.79% 19.3%
2012 -4.04% 8.55%
2011 -1.06% 5.24%
2010 -1.35% 4.6%
2009 -6.53% 14.1%
2008 7.79% 9.49%
2007 4.63% 10.3%
2006 12.9% 8.39%
2005 11.4% 9.8%
2004 6.36% 17.7%
2003 7.22% 6.71%
2002 0.21% 7.89%
2001 3.15% 4.48%
2000 8.91% 4.62%
1999 -1.83% -4.35%
1998 -3.52% -7%
1997 2.19% -9.4%
1996 2.7% -8.73%
1995 -1.3% -5.78%
1994 -4.05% -11.8%
1993 -7.79% -9.53%
1992 -1.05% -2.74%
1991 1.53% -2.57%
1990 3.35% 3.23%

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

GeoRank.org/economy/algeria/qatar | 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 Qatar's surplus of $1.52B, or 0.69% of GDP.

Over the past 35 years, Algeria recorded a fiscal deficit in 22 of those years, while Qatar ran a deficit in 12 years. On average, Algeria posted an annual deficit equal to 1.58% of GDP, compared to surplus of 3.04% of GDP for Qatar.

Inflation comparison by year

Inflation
Algeria

Qatar
1x
Year Consumer prices inflation
Algeria Qatar
2024 4.05% 1.27%
2023 9.32% 3.03%
2022 9.27% 5%
2021 7.23% 2.3%
2020 2.42% -2.54%
2019 1.95% -0.67%
2018 4.27% 0.26%
2017 5.59% 0.39%
2016 6.4% 2.68%
2015 4.78% 1.81%
2014 2.92% 3.35%
2013 3.25% 3.22%
2012 8.89% 2.32%
2011 4.52% 1.14%
2010 3.91% -2.43%
2009 5.74% -4.86%
2008 4.86% 15.1%
2007 3.68% 13.8%
2006 2.31% 11.8%
2005 1.38% 8.81%
2004 3.96% 6.8%
2003 4.27% 2.26%
2002 1.42% 0.24%
2001 4.23% 1.47%
2000 0.34% 1.65%
1999 2.65% 2.18%
1998 4.95% 2.95%
1997 5.73% 4.83%

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

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

Over the past 28 years, Algeria has recorded an average annual inflation rate of 4.44%, compared with 3.15% in Qatar. In 2024, inflation was 4.05% in Algeria and 1.27% in Qatar.

Top exports between countries

Algeria
Export category Export value
Raw agricultural goods $2.53M
Animal & marine products $440K
Chemicals & pharma $211K
Processed food, beverages & tobacco $124K
Machinery & equipment $6K
Qatar
Export category Export value
Chemicals & pharma $43.4M
Metals $19.9M
Machinery & equipment $13.8M
Textiles & consumer goods $878K
Raw materials & minerals $318K
Miscellaneous $256K

Balance of trade

Algeria Qatar
Current account balance
-$2.75B
2024
$37.9B
2024
Current account balance ranking
154/190
2024
16/190
2024
Current account balance, % of GDP
-1.02%
2024
+17.3%
2024
Goods imports
$45.3B
2024
$32.6B
2024
Goods exports
$48.8B
2024
$95B
2024
Service imports
$9.13B
2024
$37.1B
2024
Service exports
$4.22B
2024
$30.2B
2024
Imports of goods and services, % of GDP
20.3%
2024
31.6%
2022
Exports of goods and services, % of GDP
19.9%
2024
68.6%
2022

Economic freedom indices

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

Algeria Qatar
Economic freedom 45.8 70.2
Economic freedom ranking 179/197 37/197
Property rights 27.7 66.2
Government integrity 29.4 53.5
Judicial effectiveness 30 41.5
Tax burden 80.3 99.9
Government spending 61.9 79.9
Fiscal health 15.4 96.6
Business freedom 59.3 68
Labor freedom 52.2 58.5
Monetary freedom 74.7 76
Trade freedom 58.8 81.8
Investment freedom 30 60
Financial freedom 30 60

Economic freedom comparison by year

Algeria
Qatar
1x
Year Economic freedom index
Algeria Qatar
2026 45.8 70.2
2025 47.5 70.2
2024 43.9 68.8
2023 43.2 68.6
2022 45.8 67.7
2021 49.7 72
2020 46.9 72.3
2019 46.2 72.6
2018 44.7 72.6
2017 46.5 73.1
2016 50.1 70.7
2015 48.9 70.8
2014 50.8 71.2
2013 49.6 71.3
2012 51 71.3
2011 52.4 70.5
2010 56.9 69
2009 56.6 65.8
2008 56.2 62.2
2007 55.4 62.9
2006 55.7 62.4
2005 53.2 63.5
2004 58.1 66.5
2003 57.7 65.9
2002 61 61.9
2001 57.3 60
2000 56.8 62
1999 57.2 62
1998 55.8 -
1997 54.9 -
1996 54.5 -
1995 55.7 -

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

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

The Economic Freedom Index for Algeria is 45.8, ranking 179/197, compared to 70.2 for Qatar, ranking 37/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Algeria Qatar
Services, % of GDP
46.8%
2024
46.1%
2024
Industry, % of GDP
36.2%
2024
58.2%
2024
Agriculture, forestry, and fishing, % of GDP
14%
2024
0.29%
2024
GNI, Atlas method
$252B
2024
$221B
2024
GNI per capita, PPP
$17,290
2024
$121,900
2024
Total reserves including gold
$83B
2024
$54B
2024
Total reserves ranking
31/177
2024
40/177
2024
Net foreign direct investment
-$1.23B
2024
$1.1B
2024
Net inflows of foreign direct investment
$1.23B
2024
$460M
2024
Net outflows of foreign direct investment
$265K
2024
$1.56B
2024
Servicing debt to the IMF, % of GNI
0.17%
2024
n/a
Poverty at national poverty lines
5.5%
2011
n/a
Gross capital formation, % of GDP
41.1%
2024
30.6%
2022

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/qatar | 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.