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Economy of Algeria vs Seychelles compared: GDP & Debt

Updated on by Georank team

Algeria has a GDP of $269B compared to $2.17B for the Seychelles, ranking 51/197 and 178/197 by economy size, respectively.

Algeria has $129B in government debt (48.1% of GDP), compared to $1.25B (57.6% of GDP) in the Seychelles.

Algeria vs Seychelles GDP by year

Algeria
Seychelles
1x
Year GDP, current $
Algeria Seychelles
2024 $269,322,281,665 $2,167,239,562
2023 $247,923,887,215 $2,187,379,755
2022 $225,581,644,703 $2,018,346,589
2021 $186,231,205,262 $1,487,173,795
2020 $164,873,415,325 $1,382,551,752
2019 $193,459,662,091 $1,868,690,097
2018 $194,554,483,656 $1,784,313,927
2017 $189,880,896,903 $1,675,370,641
2016 $180,763,839,522 $1,568,513,348
2015 $187,493,855,609 $1,432,403,352
2014 $238,942,664,193 $1,387,577,870
2013 $229,701,430,292 $1,333,160,407
2012 $227,143,746,076 $1,089,407,839
2011 $218,331,946,925 $1,058,918,707
2010 $177,785,053,940 $981,616,542
2009 $150,317,292,079 $850,901,620
2008 $180,383,848,331 $979,597,394
2007 $142,482,739,810 $1,077,308,814
2006 $123,084,258,693 $1,081,441,283
2005 $107,046,618,670 $977,899,382
2004 $91,913,680,985 $893,012,218
2003 $73,482,264,191 $750,847,230
2002 $61,516,103,406 $742,134,838
2001 $59,413,400,924 $662,064,156
2000 $54,790,398,570 $654,212,394
1999 $48,640,671,735 $662,838,615
1998 $48,187,781,984 $647,287,376
1997 $48,177,612,042 $598,966,982
1996 $46,941,554,225 $535,250,347
1995 $41,764,291,672 $540,733,048
1994 $42,543,176,829 $517,570,058
1993 $49,945,584,453 $504,230,621
1992 $48,003,133,347 $461,409,399
1991 $45,715,676,428 $398,307,170
1990 $62,048,507,531 $392,163,561
1989 $55,634,721,573 $324,333,367
1988 $59,089,396,860 $301,985,618
1987 $66,745,818,375 $265,212,957
1986 $63,692,007,897 $221,147,061
1985 $57,937,868,670 $179,691,483
1984 $53,698,548,293 $160,992,921
1983 $48,801,369,800 $156,098,237
1982 $45,207,167,470 $157,211,790
1981 $44,348,590,461 $163,750,728
1980 $42,345,829,079 $156,783,830
1979 $33,243,706,860 $127,261,099
1978 $26,364,491,313 $85,552,366
1977 $20,972,113,685 $64,526,401
1976 $17,728,240,932 $49,278,982
1975 $15,557,902,754 $47,803,146
1974 $13,209,871,626 $43,134,496
1973 $8,707,858,912 $36,896,280
1972 $6,766,743,957 $30,645,123
1971 $5,077,183,094 $21,965,951
1970 $4,863,526,897 $18,432,032
1969 $4,257,253,264 $16,452,028
1968 $3,852,147,027 $16,074,028
1967 $3,370,870,376 $16,632,032
1966 $3,039,859,187 $16,443,034
1965 $3,136,284,307 $15,603,032
1964 $2,909,316,435 $15,393,032
1963 $2,702,982,018 $13,923,029
1962 $2,001,444,544 $12,642,026
1961 $2,434,747,056 $11,592,024
1960 $2,723,615,451 $12,012,025

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

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

GDP per capita in Algeria vs Seychelles by year

Algeria
GDP per capita

GDP per capita, PPP
Seychelles
GDP per capita

GDP per capita, PPP
1x
Year Current $
Algeria Seychelles
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $5,753 $17,621 $17,859 $33,239
2023 $5,370 $16,824 $18,263 $31,781
2022 $4,960 $15,836 $16,837 $29,973
2021 $4,161 $14,497 $14,983 $29,980
2020 $3,744 $12,677 $14,041 $31,056
2019 $4,468 $13,893 $19,142 $34,219
2018 $4,577 $13,727 $18,440 $32,091
2017 $4,555 $13,494 $17,480 $30,675
2016 $4,425 $13,438 $16,567 $28,811
2015 $4,685 $13,807 $15,333 $25,435
2014 $6,095 $14,694 $15,188 $24,985
2013 $5,980 $14,371 $14,821 $22,487
2012 $6,034 $14,441 $12,337 $22,264
2011 $5,916 $14,640 $12,110 $21,781
2010 $4,913 $14,201 $10,935 $18,982
2009 $4,235 $13,651 $9,747 $18,453
2008 $5,181 $13,666 $11,265 $18,881
2007 $4,167 $13,321 $12,669 $19,473
2006 $3,661 $12,791 $12,783 $17,503
2005 $3,233 $12,246 $11,802 $15,846
2004 $2,817 $11,432 $10,828 $14,160
2003 $2,284 $10,803 $9,070 $14,142
2002 $1,937 $10,080 $8,864 $14,570
2001 $1,896 $9,544 $8,153 $14,615
2000 $1,773 $9,187 $8,064 $14,638
1999 $1,596 $8,776 $8,243 $13,853
1998 $1,603 $8,503 $8,210 $13,675
1997 $1,629 $8,129 $7,747 $13,458
1996 $1,617 $8,053 $7,004 $11,931
1995 $1,467 $7,747 $7,181 $10,809
1994 $1,526 $7,463 $6,975 $10,692
1993 $1,831 $7,538 $6,979 $11,020
1992 $1,803 $7,705 $6,520 $10,243
1991 $1,759 $7,582 $5,655 $9,387
1990 $2,445 $7,602 $5,642 $8,955
1989 $2,247 - $4,689 -
1988 $2,451 - $4,392 -
1987 $2,847 - $3,872 -
1986 $2,800 - $3,368 -
1985 $2,633 - $2,754 -
1984 $2,524 - $2,488 -
1983 $2,374 - $2,426 -
1982 $2,275 - $2,441 -
1981 $2,307 - $2,557 -
1980 $2,276 - $2,478 -
1979 $1,843 - $2,030 -
1978 $1,506 - $1,377 -
1977 $1,232 - $1,044 -
1976 $1,080 - $814 -
1975 $992 - $806 -
1974 $873 - $745 -
1973 $590 - $649 -
1972 $469 - $547 -
1971 $360 - $402 -
1970 $353 - $344 -
1969 $316 - $314 -
1968 $292.4 - $314 -
1967 $261.8 - $333 -
1966 $241.4 - $338 -
1965 $253.6 - $328 -
1964 $238.9 - $332 -
1963 $225.6 - $308 -
1962 $169.6 - $287 -
1961 $209.4 - $270.3 -
1960 $238.4 - $288.1 -

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

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

Algeria's GDP per capita is $5,753, ranking 114/197, compared to $17,859 in the Seychelles, ranking 63/197. Adjusted for purchasing power (GDP per capita PPP), Algeria ranks 105th at $17,621, while the Seychelles ranks 67th at $33,239.

Economic indicators

Algeria Seychelles
Gross domestic product
$269B
2024
$2.17B
2024
GDP rank
51/197
2024
178/197
2024
GDP growth
3.7%
2023-2024
3.47%
2023-2024
GDP per capita
$5,753
2024
$17,859
2024
GDP per capita rank
114/197
2024
63/197
2024
GDP per capita, PPP
$17,621
2024
$33,239
2024
GDP per capita PPP rank
105/197
2024
67/197
2024
Government debt
$129B
2024
$1.25B
2024
Debt-to-GDP ratio
48.1%
2024
57.6%
2024
Government debt per person
$2,765
2024
$10,288
2024
Government debt per person rank
106/185
2024
57/185
2024
Average annual personal income after taxes
$3,787
2026
$10,944
2026
Market capitalization of domestic companies
$371M
2018
$811M
2024
Number of billionaires
1
2025
n/a
Income share by richest 10%
22.9%
2011
23.9%
2018
Income share by poorest 10%
4%
2011
2.6%
2018
Government expenditure, % of GDP
36.8%
2024
33.8%
2024
Consumer prices inflation
4.05%
2023-2024
0.31%
2023-2024
Central bank interest rate
3%
2020
1.75%
2024
Unemployment rate
12%
2017
2.59%
2024
Population
48222325
126311

Spending and national debt comparison by year

Algeria
Spending

Debt
Seychelles
Spending

Debt
1x
Year % of GDP
Algeria Seychelles
Government spending Government debt Government spending Government debt
2024 36.8% 48.1% 33.8% 57.6%
2023 37.4% 47.7% 32.9% 55.3%
2022 32.7% 48.1% 31.3% 60%
2021 32.5% 55.1% 38.8% 71%
2020 37.5% 46% 46.7% 77.4%
2019 37.1% 40.9% 31.7% 48.9%
2018 36.2% 34.5% 33% 51.3%
2017 36.2% 24% 34.3% 56.7%
2016 37.2% 18.1% 34.5% 62.8%
2015 40.9% 7.73% 31.5% 64.7%
2014 36.9% 6.85% 33.4% 70.4%
2013 33.5% 6.48% 37.8% 68.2%
2012 40% 8.58% 38.6% 80.1%
2011 37.7% 8.48% 36.4% 82.5%
2010 35.1% 9.51% 34.6% 82.2%
2009 40.1% 8.92% 32.1% 106.1%
2008 37.3% 7.64% 27% 192.1%
2007 33.1% 12.8% 41.9% 144%
2006 27.8% 22.5% 43.6% 135.1%
2005 27.8% 25.4% 39% 144.1%
2004 27.1% 32.7% 39.9% 163.2%
2003 27% 38.2% 44.6% 177%
2002 32.5% 47.3% 56.3% 195.9%
2001 29.1% 50% 46.8% 199.8%
2000 26.4% 53.4% 55.4% 177.8%
1999 29.4% 69.7% 56.1% 159.8%
1998 28.7% 79.9% 60.7% 161.2%
1997 28.5% 79.6% 54.7% 143%
1996 26.9% 90.7% 59.1% 146.7%
1995 28.9% 95.9% 53.1% 133.5%
1994 30.9% 106.3% 63.6% 123.5%
1993 32.6% 76.8% 60.4% 82.2%
1992 28.2% 69.3% 50.7% 79.9%
1991 27.6% 86.1% 52.1% 89.2%
1990 23.3% 63.6% 46.1% 80.4%
1989 - - 51.7% 39.9%
1988 - - 46.7% 41.3%
1987 - - 49.7% 37%
1986 - - 58% 31.5%
1985 - - 53% 26.5%
1984 - - 50.5% 15.3%
1983 - - 47.9% 12.4%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1983–1990, retrieved 2026-02-20).

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

In 2024, Algeria's government spending was $99.1B, accounting for 36.8% of its GDP, while the Seychelles spent $732M, or 33.8% of GDP.

Debt-to-GDP ratio is 48.1% in Algeria and 57.6% in the Seychelles, ranking 113/185 and 85/185, respectively.

Government deficit by year

Deficit/surplus
Algeria

Seychelles
1x
Year Deficit/surplus, % of GDP
Algeria Seychelles
2024 -13.8% -0.69%
2023 -5.52% -1.14%
2022 -2.96% -0.76%
2021 -6.32% -5.76%
2020 -10.5% -15.7%
2019 -8.51% 0.42%
2018 -6.15% -0.8%
2017 -7.55% -1.67%
2016 -11.8% 0.02%
2015 -13.9% 1.39%
2014 -7.14% 2.87%
2013 -0.79% 0.33%
2012 -4.04% 2.93%
2011 -1.06% 3.36%
2010 -1.35% 0.52%
2009 -6.53% 4.84%
2008 7.79% 7.88%
2007 4.63% -9.93%
2006 12.9% -2.54%
2005 11.4% 0.42%
2004 6.36% 0.44%
2003 7.22% 3.4%
2002 0.21% -16.3%
2001 3.15% -8.93%
2000 8.91% -14.7%
1999 -1.83% -10.3%
1998 -3.52% -16.7%
1997 2.19% -5.91%
1996 2.7% -9.69%
1995 -1.3% -2.58%
1994 -4.05% -6.95%
1993 -7.79% -3.62%
1992 -1.05% 6.44%
1991 1.53% 3.15%
1990 3.35% 11.9%
1989 - 8.26%
1988 - 11.8%
1987 - 2.77%
1986 - -10.1%
1985 - -4.86%
1984 - -6.09%
1983 - -3.13%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1983–1989, retrieved 2026-02-20).

GeoRank.org/economy/algeria/seychelles | 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 the Seychelles' deficit of $15M, or 0.69% of GDP.

Over the past 35 years, Algeria recorded a fiscal deficit in 22 of those years, while the Seychelles ran a deficit in 19 years. On average, Algeria posted an annual deficit equal to 1.58% of GDP, compared to deficit of 2.41% of GDP for the Seychelles.

Inflation comparison by year

Inflation
Algeria

Seychelles
1x
Year Consumer prices inflation
Algeria Seychelles
2024 4.05% 0.31%
2023 9.32% -1.04%
2022 9.27% 2.63%
2021 7.23% 9.77%
2020 2.42% 1.2%
2019 1.95% 1.81%
2018 4.27% 3.7%
2017 5.59% 2.86%
2016 6.4% -1.02%
2015 4.78% 4.04%
2014 2.92% 1.39%
2013 3.25% 4.34%
2012 8.89% 7.11%
2011 4.52% 2.56%
2010 3.91% -2.4%
2009 5.74% 31.8%
2008 4.86% 37%
2007 3.68% 5.32%
2006 2.31% -0.35%
2005 1.38% 0.91%
2004 3.96% 3.86%
2003 4.27% 3.3%
2002 1.42% 0.18%
2001 4.23% 5.97%
2000 0.34% 6.27%
1999 2.65% 6.35%
1998 4.95% 2.58%
1997 5.73% 0.62%

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

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

Over the past 28 years, Algeria has recorded an average annual inflation rate of 4.44%, compared with 5.03% in the Seychelles. In 2024, inflation was 4.05% in Algeria and 0.31% in the Seychelles.

Top exports between countries

Algeria
Export category Export value
Seychelles
Export category Export value
Animal & marine products $206K

Balance of trade

Algeria Seychelles
Current account balance
-$2.75B
2024
-$176M
2024
Current account balance ranking
154/190
2024
97/190
2024
Current account balance, % of GDP
-1.02%
2024
-8.11%
2024
Goods imports
$45.3B
2024
$1.39B
2024
Goods exports
$48.8B
2024
$595M
2024
Service imports
$9.13B
2024
$1B
2024
Service exports
$4.22B
2024
$1.71B
2024
Imports of goods and services, % of GDP
20.3%
2024
103.2%
2024
Exports of goods and services, % of GDP
19.9%
2024
85.2%
2024

Economic freedom indices

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

Algeria Seychelles
Economic freedom 45.8 66.5
Economic freedom ranking 179/197 60/197
Property rights 27.7 82.6
Government integrity 29.4 71.7
Judicial effectiveness 30 61.7
Tax burden 80.3 77.3
Government spending 61.9 68
Fiscal health 15.4 92.2
Business freedom 59.3 71.3
Labor freedom 52.2 52
Monetary freedom 74.7 79.8
Trade freedom 58.8 81.2
Investment freedom 30 30
Financial freedom 30 30

Economic freedom comparison by year

Algeria
Seychelles
1x
Year Economic freedom index
Algeria Seychelles
2026 45.8 66.5
2025 47.5 66.4
2024 43.9 60.4
2023 43.2 59.5
2022 45.8 61.1
2021 49.7 66.3
2020 46.9 64.3
2019 46.2 61.4
2018 44.7 61.6
2017 46.5 61.8
2016 50.1 62.2
2015 48.9 57.5
2014 50.8 56.2
2013 49.6 54.9
2012 51 53
2011 52.4 51.2
2010 56.9 47.9
2009 56.6 47.8
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/seychelles | CC BY

The Economic Freedom Index for Algeria is 45.8, ranking 179/197, compared to 66.5 for the Seychelles, ranking 60/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Algeria Seychelles
Services, % of GDP
46.8%
2024
65.8%
2024
Industry, % of GDP
36.2%
2024
12.3%
2024
Agriculture, forestry, and fishing, % of GDP
14%
2024
2.45%
2024
GNI, Atlas method
$252B
2024
$2.12B
2024
GNI per capita, PPP
$17,290
2024
$32,180
2024
Total reserves including gold
$83B
2024
$774M
2024
Total reserves ranking
31/177
2024
145/177
2024
Net foreign direct investment
-$1.23B
2024
-$262M
2024
Net inflows of foreign direct investment
$1.23B
2024
$226M
2024
Net outflows of foreign direct investment
$265K
2024
-$35.4M
2024
Servicing debt to the IMF, % of GNI
0.17%
2024
n/a
Poverty at national poverty lines
5.5%
2011
25.3%
2018
Gross capital formation, % of GDP
41.1%
2024
17.2%
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/seychelles | 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 (1983–1990, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. TradeMap (2020, retrieved 2026-02-08)

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.