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Economy of Algeria vs Saudi Arabia compared: GDP & Debt

Updated on by Georank team

Algeria has a GDP of $269B compared to $1.24T for Saudi Arabia, ranking 51/197 and 18/197 by economy size, respectively.

Algeria has $129B in government debt (48.1% of GDP), compared to $324B (26.2% of GDP) in Saudi Arabia.

Algeria vs Saudi Arabia GDP by year

Algeria
Saudi Arabia
1x
Year GDP, current $
Algeria Saudi Arabia
2024 $269,322,281,665 $1,239,804,533,333
2023 $247,923,887,215 $1,218,584,533,333
2022 $225,581,644,703 $1,239,075,200,000
2021 $186,231,205,262 $982,661,066,667
2020 $164,873,415,325 $767,951,200,000
2019 $193,459,662,091 $888,890,133,333
2018 $194,554,483,656 $886,564,800,000
2017 $189,880,896,903 $741,266,133,333
2016 $180,763,839,522 $689,279,466,667
2015 $187,493,855,609 $693,414,400,000
2014 $238,942,664,193 $787,153,066,667
2013 $229,701,430,292 $769,755,733,333
2012 $227,143,746,076 $751,921,333,333
2011 $218,331,946,925 $680,660,800,000
2010 $177,785,053,940 $528,207,466,667
2009 $150,317,292,079 $429,097,866,667
2008 $180,383,848,331 $519,796,800,000
2007 $142,482,739,810 $415,964,509,673
2006 $123,084,258,693 $376,900,133,511
2005 $107,046,618,670 $328,459,608,764
2004 $91,913,680,985 $258,742,133,333
2003 $73,482,264,191 $215,807,733,333
2002 $61,516,103,406 $189,605,866,667
2001 $59,413,400,924 $184,137,600,000
2000 $54,790,398,570 $189,514,933,333
1999 $48,640,671,735 $161,717,066,667
1998 $48,187,781,984 $146,775,466,667
1997 $48,177,612,042 $165,963,684,913
1996 $46,941,554,225 $158,662,483,311
1995 $41,764,291,672 $143,343,124,166
1994 $42,543,176,829 $135,174,899,866
1993 $49,945,584,453 $132,967,957,276
1992 $48,003,133,347 $137,087,850,467
1991 $45,715,676,428 $132,223,230,975
1990 $62,048,507,531 $117,630,173,565
1989 $55,634,721,573 $95,344,459,279
1988 $59,089,396,860 $88,256,074,766
1987 $66,745,818,375 $85,695,861,148
1986 $63,692,007,897 $86,961,922,765
1985 $57,937,868,670 $103,897,846,494
1984 $53,698,548,293 $119,624,858,116
1983 $48,801,369,800 $129,171,635,311
1982 $45,207,167,470 $153,240,313,858
1981 $44,348,590,461 $184,291,360,139
1980 $42,345,829,079 $164,539,660,725
1979 $33,243,706,860 $111,858,444,786
1978 $26,364,491,313 $80,266,516,687
1977 $20,972,113,685 $74,188,986,586
1976 $17,728,240,932 $64,005,665,722
1975 $15,557,902,754 $46,773,208,643
1974 $13,209,871,626 $45,412,957,746
1973 $8,707,858,912 $14,947,435,499
1972 $6,766,743,957 $9,664,267,087
1971 $5,077,183,094 $7,184,806,909
1970 $4,863,526,897 $5,377,333,333
1969 $4,257,253,264 $4,485,777,644
1968 $3,852,147,027 $4,187,777,711
1967 $3,370,870,376 $3,257,022,223
1966 $3,039,859,187 $2,920,555,557
1965 $3,136,284,307 $2,647,955,558
1964 $2,909,316,435 $2,371,808,713
1963 $2,702,982,018 $2,207,393,172
1962 $2,001,444,544 $2,130,606,532
1961 $2,434,747,056 $1,920,811,284
1960 $2,723,615,451 $1,748,124,064

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

GeoRank.org/economy/algeria/saudi-arabia | CC BY

GDP per capita in Algeria vs Saudi Arabia by year

Algeria
GDP per capita

GDP per capita, PPP
Saudi Arabia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Algeria Saudi Arabia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $5,753 $17,621 $35,122 $71,375
2023 $5,370 $16,824 $36,157 $71,565
2022 $4,960 $15,836 $38,510 $71,968
2021 $4,161 $14,497 $31,921 $62,690
2020 $3,744 $12,677 $24,339 $47,518
2019 $4,468 $13,893 $29,567 $59,560
2018 $4,577 $13,727 $29,360 $59,378
2017 $4,555 $13,494 $23,929 $53,120
2016 $4,425 $13,438 $22,268 $49,937
2015 $4,685 $13,807 $23,256 $53,931
2014 $6,095 $14,694 $27,805 $62,578
2013 $5,980 $14,371 $27,865 $62,203
2012 $6,034 $14,441 $28,733 $65,034
2011 $5,916 $14,640 $27,127 $64,125
2010 $4,913 $14,201 $22,028 $58,829
2009 $4,235 $13,651 $17,718 $54,787
2008 $5,181 $13,666 $22,320 $57,236
2007 $4,167 $13,321 $18,596 $55,030
2006 $3,661 $12,791 $17,564 $54,639
2005 $3,233 $12,246 $15,976 $53,548
2004 $2,817 $11,432 $13,154 $51,225
2003 $2,284 $10,803 $11,487 $48,078
2002 $1,937 $10,080 $10,586 $45,466
2001 $1,896 $9,544 $10,805 $47,381
2000 $1,773 $9,187 $11,715 $48,644
1999 $1,596 $8,776 $10,452 $47,495
1998 $1,603 $8,503 $9,836 $48,867
1997 $1,629 $8,129 $11,545 $48,796
1996 $1,617 $8,053 $11,472 $48,569
1995 $1,467 $7,747 $10,786 $48,052
1994 $1,526 $7,463 $10,602 $48,904
1993 $1,831 $7,538 $10,885 $49,503
1992 $1,803 $7,705 $11,730 $50,355
1991 $1,759 $7,582 $11,847 $49,295
1990 $2,445 $7,602 $11,055 $46,214
1989 $2,247 - $9,414 -
1988 $2,451 - $9,165 -
1987 $2,847 - $9,386 -
1986 $2,800 - $10,078 -
1985 $2,633 - $12,745 -
1984 $2,524 - $15,541 -
1983 $2,374 - $17,810 -
1982 $2,275 - $22,454 -
1981 $2,307 - $28,703 -
1980 $2,276 - $27,206 -
1979 $1,843 - $19,612 -
1978 $1,506 - $14,914 -
1977 $1,232 - $14,595 -
1976 $1,080 - $13,313 -
1975 $992 - $10,266 -
1974 $873 - $10,503 -
1973 $590 - $3,640 -
1972 $469 - $2,474 -
1971 $360 - $1,929 -
1970 $353 - $1,509 -
1969 $316 - $1,313 -
1968 $292.4 - $1,276 -
1967 $261.8 - $1,032 -
1966 $241.4 - $961 -
1965 $253.6 - $904 -
1964 $238.9 - $840 -
1963 $225.6 - $812 -
1962 $169.6 - $813 -
1961 $209.4 - $760 -
1960 $238.4 - $718 -

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

GeoRank.org/economy/algeria/saudi-arabia | CC BY

Algeria's GDP per capita is $5,753, ranking 114/197, compared to $35,122 in Saudi Arabia, ranking 33/197. Adjusted for purchasing power (GDP per capita PPP), Algeria ranks 105th at $17,621, while Saudi Arabia ranks 24th at $71,375.

Economic indicators

Algeria Saudi Arabia
Gross domestic product
$269B
2024
$1.24T
2024
GDP rank
51/197
2024
18/197
2024
GDP growth
3.7%
2023-2024
2%
2023-2024
GDP per capita
$5,753
2024
$35,122
2024
GDP per capita rank
114/197
2024
33/197
2024
GDP per capita, PPP
$17,621
2024
$71,375
2024
GDP per capita PPP rank
105/197
2024
24/197
2024
Government debt
$129B
2024
$324B
2024
Debt-to-GDP ratio
48.1%
2024
26.2%
2024
Government debt per person
$2,765
2024
$9,185
2024
Government debt per person rank
106/185
2024
58/185
2024
Average annual personal income after taxes
$3,787
2026
$23,076
2026
Market capitalization of domestic companies
$371M
2018
$2.73T
2024
Number of millionaires n/a
351,855
2025
Number of billionaires
1
2025
15
2025
Income share by richest 10%
22.9%
2011
n/a
Income share by poorest 10%
4%
2011
n/a
Government expenditure, % of GDP
36.8%
2024
29.6%
2024
Consumer prices inflation
4.05%
2023-2024
1.69%
2023-2024
Central bank interest rate
3%
2020
4.25%
2025
Unemployment rate
12%
2017
3.52%
2024
Population
48222325
36734925

Spending and national debt comparison by year

Algeria
Spending

Debt
Saudi Arabia
Spending

Debt
1x
Year % of GDP
Algeria Saudi Arabia
Government spending Government debt Government spending Government debt
2024 36.8% 48.1% 29.6% 26.2%
2023 37.4% 47.7% 28.3% 23%
2022 32.7% 48.1% 25.3% 21.3%
2021 32.5% 55.1% 28.2% 25.5%
2020 37.5% 46% 37.4% 29.7%
2019 37.1% 40.9% 31.8% 20.3%
2018 36.2% 34.5% 32.4% 16.8%
2017 36.2% 24% 30.9% 15.9%
2016 37.2% 18.1% 33.3% 12.2%
2015 40.9% 7.73% 38.5% 5.47%
2014 36.9% 6.85% 38.6% 1.5%
2013 33.5% 6.48% 34.5% 2.08%
2012 40% 8.58% 32.5% 2.97%
2011 37.7% 8.48% 32.4% 5.31%
2010 35.1% 9.51% 33% 8.43%
2009 40.1% 8.92% 37.1% 14%
2008 37.3% 7.64% 26.7% 12.1%
2007 33.1% 12.8% 29.5% 17.1%
2006 27.8% 22.5% 27.3% 25.8%
2005 27.8% 25.4% 28.2% 37.3%
2004 27.1% 32.7% 31.1% 62.9%
2003 27% 38.2% 33.1% 81.6%
2002 32.5% 47.3% 35.9% 96.4%
2001 29.1% 50% 36.9% 93.1%
2000 26.4% 53.4% 33.1% 86.7%
1999 29.4% 69.7% 30.3% 103%
1998 28.7% 79.9% 34.5% 101.5%
1997 28.5% 79.6% 35.6% 76.7%
1996 26.9% 90.7% 33.3% 75.2%
1995 28.9% 95.9% 32.4% 74.2%
1994 30.9% 106.3% 33.8% 67.9%
1993 32.6% 76.8% 37.7% 58.6%
1992 28.2% 69.3% 41.2% 47.8%
1991 27.6% 86.1% 34.9% 39.4%
1990 23.3% 63.6% 39.3% -

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/saudi-arabia | CC BY

In 2024, Algeria's government spending was $99.1B, accounting for 36.8% of its GDP, while Saudi Arabia spent $367B, or 29.6% of GDP.

Debt-to-GDP ratio is 48.1% in Algeria and 26.2% in Saudi Arabia, ranking 113/185 and 163/185, respectively.

Government deficit by year

Deficit/surplus
Algeria

Saudi Arabia
1x
Year Deficit/surplus, % of GDP
Algeria Saudi Arabia
2024 -13.8% -2.49%
2023 -5.52% -1.77%
2022 -2.96% 2.24%
2021 -6.32% -1.99%
2020 -10.5% -10.2%
2019 -8.51% -3.96%
2018 -6.15% -5.21%
2017 -7.55% -8.57%
2016 -11.8% -13.2%
2015 -13.9% -14.9%
2014 -7.14% -3.4%
2013 -0.79% 5.47%
2012 -4.04% 11.7%
2011 -1.06% 11.4%
2010 -1.35% 4.39%
2009 -6.53% -5.38%
2008 7.79% 29.8%
2007 4.63% 11.8%
2006 12.9% 20.8%
2005 11.4% 18%
2004 6.36% 9.72%
2003 7.22% 1.2%
2002 0.21% -5.91%
2001 3.15% -3.91%
2000 8.91% 3.18%
1999 -1.83% -5.99%
1998 -3.52% -8.88%
1997 2.19% -2.51%
1996 2.7% -3.25%
1995 -1.3% -5.12%
1994 -4.05% -8.31%
1993 -7.79% -9.33%
1992 -1.05% -8.12%
1991 1.53% -3.28%
1990 3.35% -

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

GeoRank.org/economy/algeria/saudi-arabia | 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 Saudi Arabia's deficit of $30.9B, or 2.49% of GDP.

Over the past 34 years, Algeria recorded a fiscal deficit in 22 of those years, while Saudi Arabia ran a deficit in 22 years. On average, Algeria posted an annual deficit equal to 1.72% of GDP, compared to deficit of 0.18% of GDP for Saudi Arabia.

Inflation comparison by year

Inflation
Algeria

Saudi Arabia
1x
Year Consumer prices inflation
Algeria Saudi Arabia
2024 4.05% 1.69%
2023 9.32% 2.33%
2022 9.27% 2.47%
2021 7.23% 3.06%
2020 2.42% 3.37%
2019 1.95% -1.19%
2018 4.27% 2.47%
2017 5.59% -0.83%
2016 6.4% 2.05%
2015 4.78% 1.22%
2014 2.92% 2.24%
2013 3.25% 3.51%
2012 8.89% 2.87%
2011 4.52% 5.83%
2010 3.91% 5.34%
2009 5.74% 5.06%
2008 4.86% 9.87%
2007 3.68% 4.17%
2006 2.31% 2.21%
2005 1.38% 0.48%
2004 3.96% 0.52%
2003 4.27% 0.61%
2002 1.42% 0.25%
2001 4.23% -1.12%
2000 0.34% -1.12%
1999 2.65% -1.33%
1998 4.95% -0.37%
1997 5.73% 0.06%

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

GeoRank.org/economy/algeria/saudi-arabia | CC BY

Over the past 28 years, Algeria has recorded an average annual inflation rate of 4.44%, compared with 1.99% in Saudi Arabia. In 2024, inflation was 4.05% in Algeria and 1.69% in Saudi Arabia.

Top exports between countries

Algeria
Export category Export value
Processed food, beverages & tobacco $2.86M
Chemicals & pharma $492K
Raw agricultural goods $443K
Wood & paper products $149K
Metals $8K
Raw materials & minerals $8K
Machinery & equipment $2K
Animal & marine products $1K
Saudi Arabia
Export category Export value
Chemicals & pharma $907M
Machinery & equipment $68.5M
Wood & paper products $45.3M
Metals $24.1M
Textiles & consumer goods $16.3M
Raw materials & minerals $15.9M
Processed food, beverages & tobacco $9.88M
Raw agricultural goods $1.22M
Miscellaneous $99K
Animal & marine products $9K

Balance of trade

Algeria Saudi Arabia
Current account balance
-$2.75B
2024
-$16.3B
2024
Current account balance ranking
154/190
2024
180/190
2024
Current account balance, % of GDP
-1.02%
2024
-1.31%
2024
Goods imports
$45.3B
2024
$214B
2024
Goods exports
$48.8B
2024
$306B
2024
Service imports
$9.13B
2024
$125B
2024
Service exports
$4.22B
2024
$62.8B
2024
Imports of goods and services, % of GDP
20.3%
2024
25.6%
2024
Exports of goods and services, % of GDP
19.9%
2024
29.1%
2024

Economic freedom indices

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

Algeria Saudi Arabia
Economic freedom 45.8 65.4
Economic freedom ranking 179/197 65/197
Property rights 27.7 51.4
Government integrity 29.4 52.7
Judicial effectiveness 30 38.2
Tax burden 80.3 99.2
Government spending 61.9 77
Fiscal health 15.4 97.9
Business freedom 59.3 71.2
Labor freedom 52.2 41.8
Monetary freedom 74.7 81.2
Trade freedom 58.8 73.8
Investment freedom 30 50
Financial freedom 30 50

Economic freedom comparison by year

Algeria
Saudi Arabia
1x
Year Economic freedom index
Algeria Saudi Arabia
2026 45.8 65.4
2025 47.5 64.4
2024 43.9 61.9
2023 43.2 58.3
2022 45.8 55.5
2021 49.7 66
2020 46.9 62.4
2019 46.2 60.7
2018 44.7 59.6
2017 46.5 64.4
2016 50.1 62.1
2015 48.9 62.1
2014 50.8 62.2
2013 49.6 60.6
2012 51 62.5
2011 52.4 66.2
2010 56.9 64.1
2009 56.6 64.3
2008 56.2 62.5
2007 55.4 60.9
2006 55.7 63
2005 53.2 63
2004 58.1 60.4
2003 57.7 63.2
2002 61 65.3
2001 57.3 62.2
2000 56.8 66.5
1999 57.2 65.5
1998 55.8 69.3
1997 54.9 68.7
1996 54.5 68.3
1995 55.7 -

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

GeoRank.org/economy/algeria/saudi-arabia | CC BY

The Economic Freedom Index for Algeria is 45.8, ranking 179/197, compared to 65.4 for Saudi Arabia, ranking 65/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Algeria Saudi Arabia
Services, % of GDP
46.8%
2024
47.1%
2024
Industry, % of GDP
36.2%
2024
44.9%
2024
Agriculture, forestry, and fishing, % of GDP
14%
2024
2.54%
2024
GNI, Atlas method
$252B
2024
$1.26T
2024
GNI per capita, PPP
$17,290
2024
$71,730
2024
Total reserves including gold
$83B
2024
$464B
2024
Total reserves ranking
31/177
2024
7/177
2024
Net foreign direct investment
-$1.23B
2024
$6.27B
2024
Net inflows of foreign direct investment
$1.23B
2024
$21.3B
2024
Net outflows of foreign direct investment
$265K
2024
$27.6B
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
30.2%
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/saudi-arabia | 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 (2017–2024, 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.