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Economy of Algeria vs Saint Lucia compared: GDP & Debt

Updated on by Georank team

Algeria has a GDP of $269B compared to $2.55B for Saint Lucia, ranking 51/197 and 173/197 by economy size, respectively.

Algeria has $129B in government debt (48.1% of GDP), compared to $1.97B (77.2% of GDP) in Saint Lucia.

Algeria vs Saint Lucia GDP by year

Algeria
Saint Lucia
1x
Year GDP, current $
Algeria Saint Lucia
2024 $269,322,281,665 $2,549,062,963
2023 $247,923,887,215 $2,430,166,667
2022 $225,581,644,703 $2,342,714,815
2021 $186,231,205,262 $1,867,185,185
2020 $164,873,415,325 $1,499,274,074
2019 $193,459,662,091 $2,095,344,444
2018 $194,554,483,656 $2,060,955,556
2017 $189,880,896,903 $1,998,503,704
2016 $180,763,839,522 $1,868,544,444
2015 $187,493,855,609 $1,807,640,741
2014 $238,942,664,193 $1,749,185,185
2013 $229,701,430,292 $1,660,392,593
2012 $227,143,746,076 $1,598,207,407
2011 $218,331,946,925 $1,568,370,370
2010 $177,785,053,940 $1,482,385,185
2009 $150,317,292,079 $1,401,507,889
2008 $180,383,848,331 $1,437,731,111
2007 $142,482,739,810 $1,336,088,815
2006 $123,084,258,693 $1,268,319,185
2005 $107,046,618,670 $1,135,555,556
2004 $91,913,680,985 $1,066,666,667
2003 $73,482,264,191 $987,407,407
2002 $61,516,103,406 $900,000,000
2001 $59,413,400,924 $892,592,593
2000 $54,790,398,570 $932,592,593
1999 $48,640,671,735 $921,851,852
1998 $48,187,781,984 $877,407,407
1997 $48,177,612,042 $805,925,926
1996 $46,941,554,225 $788,888,889
1995 $41,764,291,672 $762,962,963
1994 $42,543,176,829 $713,703,704
1993 $49,945,584,453 $684,814,815
1992 $48,003,133,347 $674,074,074
1991 $45,715,676,428 $613,703,704
1990 $62,048,507,531 $579,629,630
1989 $55,634,721,573 $486,666,667
1988 $59,089,396,860 $429,629,630
1987 $66,745,818,375 $375,555,556
1986 $63,692,007,897 $340,000,000
1985 $57,937,868,670 $284,444,444
1984 $53,698,548,293 $251,481,481
1983 $48,801,369,800 $197,037,037
1982 $45,207,167,470 $183,333,333
1981 $44,348,590,461 $194,444,444
1980 $42,345,829,079 $170,370,370
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 (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/algeria/saint-lucia | CC BY

GDP per capita in Algeria vs Saint Lucia by year

Algeria
GDP per capita

GDP per capita, PPP
Saint Lucia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Algeria Saint Lucia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $5,753 $17,621 $14,182 $27,567
2023 $5,370 $16,824 $13,555 $25,975
2022 $4,960 $15,836 $13,104 $24,599
2021 $4,161 $14,497 $10,459 $19,101
2020 $3,744 $12,677 $8,411 $14,912
2019 $4,468 $13,893 $11,794 $18,710
2018 $4,577 $13,727 $11,643 $17,433
2017 $4,555 $13,494 $11,333 $16,131
2016 $4,425 $13,438 $10,638 $15,307
2015 $4,685 $13,807 $10,335 $14,353
2014 $6,095 $14,694 $10,045 $14,403
2013 $5,980 $14,371 $9,577 $14,010
2012 $6,034 $14,441 $9,260 $13,443
2011 $5,916 $14,640 $9,129 $13,471
2010 $4,913 $14,201 $8,674 $12,718
2009 $4,235 $13,651 $8,251 $12,600
2008 $5,181 $13,666 $8,517 $12,969
2007 $4,167 $13,321 $7,964 $12,199
2006 $3,661 $12,791 $7,611 $11,758
2005 $3,233 $12,246 $6,863 $10,818
2004 $2,817 $11,432 $6,495 $10,610
2003 $2,284 $10,803 $6,059 $9,707
2002 $1,937 $10,080 $5,568 $9,205
2001 $1,896 $9,544 $5,570 $9,106
2000 $1,773 $9,187 $5,880 $9,314
1999 $1,596 $8,776 $5,883 $9,214
1998 $1,603 $8,503 $5,673 $8,965
1997 $1,629 $8,129 $5,282 $8,456
1996 $1,617 $8,053 $5,244 $8,490
1995 $1,467 $7,747 $5,148 $8,222
1994 $1,526 $7,463 $4,892 $8,041
1993 $1,831 $7,538 $4,765 $7,865
1992 $1,803 $7,705 $4,760 $7,753
1991 $1,759 $7,582 $4,399 $7,127
1990 $2,445 $7,602 $4,205 $6,951
1989 $2,247 - $3,565 -
1988 $2,451 - $3,182 -
1987 $2,847 - $2,819 -
1986 $2,800 - $2,591 -
1985 $2,633 - $2,202 -
1984 $2,524 - $1,979 -
1983 $2,374 - $1,576 -
1982 $2,275 - $1,489 -
1981 $2,307 - $1,605 -
1980 $2,276 - $1,428 -
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 (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/algeria/saint-lucia | CC BY

Algeria's GDP per capita is $5,753, ranking 114/197, compared to $14,182 in Saint Lucia, ranking 70/197. Adjusted for purchasing power (GDP per capita PPP), Algeria ranks 105th at $17,621, while Saint Lucia ranks 75th at $27,567.

Economic indicators

Algeria Saint Lucia
Gross domestic product
$269B
2024
$2.55B
2024
GDP rank
51/197
2024
173/197
2024
GDP growth
3.7%
2023-2024
3.89%
2023-2024
GDP per capita
$5,753
2024
$14,182
2024
GDP per capita rank
114/197
2024
70/197
2024
GDP per capita, PPP
$17,621
2024
$27,567
2024
GDP per capita PPP rank
105/197
2024
75/197
2024
Government debt
$129B
2024
$1.97B
2024
Debt-to-GDP ratio
48.1%
2024
77.2%
2024
Government debt per person
$2,765
2024
$10,952
2024
Government debt per person rank
106/185
2024
52/185
2024
Average annual personal income after taxes
$3,787
2026
$10,412
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
34.1%
2015
Income share by poorest 10%
4%
2011
2.1%
2015
Government expenditure, % of GDP
36.8%
2024
24.5%
2024
Consumer prices inflation
4.05%
2023-2024
-0.11%
2023-2024
Central bank interest rate
3%
2020
n/a
Unemployment rate
12%
2017
10.1%
2024
Population
48222325
180638

Spending and national debt comparison by year

Algeria
Spending

Debt
Saint Lucia
Spending

Debt
1x
Year % of GDP
Algeria Saint Lucia
Government spending Government debt Government spending Government debt
2024 36.8% 48.1% 24.5% 77.2%
2023 37.4% 47.7% 25.6% 76.6%
2022 32.7% 48.1% 23% 74.4%
2021 32.5% 55.1% 27.4% 87%
2020 37.5% 46% 34.9% 100%
2019 37.1% 40.9% 25.1% 62.1%
2018 36.2% 34.5% 23.2% 60.5%
2017 36.2% 24% 23.3% 60.4%
2016 37.2% 18.1% 23% 61.3%
2015 40.9% 7.73% 23.7% 61.1%
2014 36.9% 6.85% 23.6% 62.4%
2013 33.5% 6.48% 25.4% 62.1%
2012 40% 8.58% 28% 60.8%
2011 37.7% 8.48% 27% 55.2%
2010 35.1% 9.51% 26% 53%
2009 40.1% 8.92% 24.5% 51%
2008 37.3% 7.64% 22.2% 46.7%
2007 33.1% 12.8% 22.6% 49.1%
2006 27.8% 22.5% 24.7% 48.6%
2005 27.8% 25.4% 26% 51.9%
2004 27.1% 32.7% 22.9% 49.6%
2003 27% 38.2% 22.9% 45.6%
2002 32.5% 47.3% 23.6% 48.8%
2001 29.1% 50% 22.1% 38.1%
2000 26.4% 53.4% 20.7% 32.5%
1999 29.4% 69.7% 20.9% 28.9%
1998 28.7% 79.9% 18.8% 29.4%
1997 28.5% 79.6% 19.5% 27.2%
1996 26.9% 90.7% 18.9% 24.1%
1995 28.9% 95.9% 19.2% 22.9%
1994 30.9% 106.3% 19.1% 23.8%
1993 32.6% 76.8% 21.8% 22.9%
1992 28.2% 69.3% 18.4% 22.2%
1991 27.6% 86.1% 18.4% 19.8%
1990 23.3% 63.6% 16.7% 17%
1989 - - 19% 18.1%
1988 - - 18.2% 18.6%
1987 - - 19.9% 19.6%
1986 - - 21.1% 17.2%
1985 - - 20.4% 17.1%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1990, retrieved 2026-02-20).

GeoRank.org/economy/algeria/saint-lucia | CC BY

In 2024, Algeria's government spending was $99.1B, accounting for 36.8% of its GDP, while Saint Lucia spent $625M, or 24.5% of GDP.

Debt-to-GDP ratio is 48.1% in Algeria and 77.2% in Saint Lucia, ranking 113/185 and 46/185, respectively.

Government deficit by year

Deficit/surplus
Algeria

Saint Lucia
1x
Year Deficit/surplus, % of GDP
Algeria Saint Lucia
2024 -13.8% -2.13%
2023 -5.52% -3.09%
2022 -2.96% -1.67%
2021 -6.32% -5.1%
2020 -10.5% -12%
2019 -8.51% -3.51%
2018 -6.15% -1.03%
2017 -7.55% -1.14%
2016 -11.8% -0.79%
2015 -13.9% -2.35%
2014 -7.14% -3.08%
2013 -0.79% -4.84%
2012 -4.04% -7.62%
2011 -1.06% -5.38%
2010 -1.35% -4.17%
2009 -6.53% -2.67%
2008 7.79% -0.72%
2007 4.63% -1.62%
2006 12.9% -5.07%
2005 11.4% -6.18%
2004 6.36% -2.63%
2003 7.22% -3.23%
2002 0.21% -3.1%
2001 3.15% -3.08%
2000 8.91% -1.16%
1999 -1.83% 1.62%
1998 -3.52% 2.25%
1997 2.19% -1.13%
1996 2.7% -0.58%
1995 -1.3% -0.13%
1994 -4.05% -0.02%
1993 -7.79% -0.26%
1992 -1.05% -0.66%
1991 1.53% -0.43%
1990 3.35% 0.29%
1989 - 0.89%
1988 - 2.02%
1987 - 0.56%
1986 - -1.61%
1985 - -1.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20).

GeoRank.org/economy/algeria/saint-lucia | 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 Saint Lucia's deficit of $54.2M, or 2.13% of GDP.

Over the past 35 years, Algeria recorded a fiscal deficit in 22 of those years, while Saint Lucia ran a deficit in 32 years. On average, Algeria posted an annual deficit equal to 1.58% of GDP, compared to deficit of 2.47% of GDP for Saint Lucia.

Inflation comparison by year

Inflation
Algeria

Saint Lucia
1x
Year Consumer prices inflation
Algeria Saint Lucia
2024 4.05% -0.11%
2023 9.32% 4.07%
2022 9.27% 6.38%
2021 7.23% 2.41%
2020 2.42% -1.76%
2019 1.95% 0.54%
2018 4.27% 1.94%
2017 5.59% 0.1%
2016 6.4% -3.08%
2015 4.78% -0.98%
2014 2.92% 3.52%
2013 3.25% 1.47%
2012 8.89% 4.18%
2011 4.52% 2.77%
2010 3.91% 3.25%
2009 5.74% -0.16%
2008 4.86% 5.55%
2007 3.68% 2.82%
2006 2.31% 2.4%
2005 1.38% 3.9%
2004 3.96% 1.46%
2003 4.27% 1.03%
2002 1.42% -0.26%
2001 4.23% 5.31%
2000 0.34% 3.71%
1999 2.65% 3.5%
1998 4.95% 3.2%
1997 5.73% -0.006%

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

GeoRank.org/economy/algeria/saint-lucia | CC BY

Over the past 28 years, Algeria has recorded an average annual inflation rate of 4.44%, compared with 2.04% in Saint Lucia. In 2024, inflation was 4.05% in Algeria and -0.11% in Saint Lucia.

Balance of trade

Algeria Saint Lucia
Current account balance
-$2.75B
2024
-$64.1M
2024
Current account balance ranking
154/190
2024
86/190
2024
Current account balance, % of GDP
-1.02%
2024
-2.52%
2024
Goods imports
$45.3B
2024
$848M
2024
Goods exports
$48.8B
2024
$137M
2024
Service imports
$9.13B
2024
$598M
2024
Service exports
$4.22B
2024
$1.46B
2024
Imports of goods and services, % of GDP
20.3%
2024
n/a
Exports of goods and services, % of GDP
19.9%
2024
19%
2025

Economic freedom indices

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

Algeria Saint Lucia
Economic freedom 45.8 67.5
Economic freedom ranking 179/197 57/197
Property rights 27.7 64.3
Government integrity 29.4 59.7
Judicial effectiveness 30 77.3
Tax burden 80.3 77.7
Government spending 61.9 82.6
Fiscal health 15.4 80
Business freedom 59.3 71.9
Labor freedom 52.2 65.2
Monetary freedom 74.7 81
Trade freedom 58.8 60
Investment freedom 30 50
Financial freedom 30 40

Economic freedom comparison by year

Algeria
Saint Lucia
1x
Year Economic freedom index
Algeria Saint Lucia
2026 45.8 67.5
2025 47.5 67
2024 43.9 62.2
2023 43.2 60.7
2022 45.8 64.3
2021 49.7 67.5
2020 46.9 68.2
2019 46.2 68.7
2018 44.7 67.6
2017 46.5 65
2016 50.1 70
2015 48.9 70.2
2014 50.8 70.7
2013 49.6 70.4
2012 51 71.3
2011 52.4 70.8
2010 56.9 70.5
2009 56.6 68.8
2008 56.2 -
2007 55.4 -
2006 55.7 -
2005 53.2 -
2004 58.1 -
2003 57.7 -
2002 61 -
2001 57.3 -
2000 56.8 -
1999 57.2 -
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/saint-lucia | CC BY

The Economic Freedom Index for Algeria is 45.8, ranking 179/197, compared to 67.5 for Saint Lucia, ranking 57/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Algeria Saint Lucia
Services, % of GDP
46.8%
2024
75.9%
2024
Industry, % of GDP
36.2%
2024
9.75%
2024
Agriculture, forestry, and fishing, % of GDP
14%
2024
1.13%
2024
GNI, Atlas method
$252B
2024
$2.27B
2024
GNI per capita, PPP
$17,290
2024
$24,840
2024
Total reserves including gold
$83B
2024
$406M
2024
Total reserves ranking
31/177
2024
162/177
2024
Net foreign direct investment
-$1.23B
2024
-$187M
2024
Net inflows of foreign direct investment
$1.23B
2024
$187M
2024
Net outflows of foreign direct investment
$265K
2024
-$350K
2024
Servicing debt to the IMF, % of GNI
0.17%
2024
3.42%
2024
Poverty at national poverty lines
5.5%
2011
25%
2016
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/saint-lucia | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1985–1990, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)

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.