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Economy of Algeria vs Sierra Leone compared: GDP & Debt

Updated on by Georank

Algeria has a GDP of $287B compared to $7.46B for Sierra Leone, ranking 51/197 and 160/197 by economy size, respectively.

Algeria has $155B in government debt (54.1% of GDP), compared to $3.38B (45.2% of GDP) in Sierra Leone.

Algeria vs Sierra Leone GDP by year

Algeria
Sierra Leone
1x
Year GDP, current $
Algeria Sierra Leone
2025 $287,031,225,988 $7,464,157,904
2024 $269,322,281,665 $6,971,127,234
2023 $247,923,887,215 $6,415,852,766
2022 $225,581,644,703 $7,121,125,277
2021 $186,231,205,262 $7,166,931,483
2020 $164,873,415,325 $6,688,307,706
2019 $193,459,662,091 $6,523,577,590
2018 $194,554,483,656 $6,390,514,689
2017 $189,880,896,903 $5,749,846,528
2016 $180,763,839,522 $6,084,297,211
2015 $187,493,855,609 $6,788,352,975
2014 $238,942,664,193 $7,686,138,791
2013 $229,701,430,292 $7,502,762,863
2012 $227,143,746,076 $6,141,666,509
2011 $218,331,946,925 $4,861,632,885
2010 $177,785,053,940 $4,262,805,967
2009 $150,317,292,079 $3,953,403,098
2008 $180,383,848,331 $4,157,895,298
2007 $142,482,739,810 $3,632,957,611
2006 $123,084,258,693 $3,263,697,467
2005 $107,046,618,670 $2,545,275,313
2004 $91,913,680,985 $2,237,350,687
2003 $73,482,264,191 $2,142,618,046
2002 $61,516,103,406 $1,933,863,911
2001 $59,413,400,924 $1,681,473,894
2000 $54,790,398,570 $635,866,404
1999 $48,640,671,735 $669,386,624
1998 $48,187,781,984 $672,368,187
1997 $48,177,612,042 $850,232,760
1996 $46,941,554,225 $941,709,423
1995 $41,764,291,672 $870,740,292
1994 $42,543,176,829 $911,853,802
1993 $49,945,584,453 $768,867,883
1992 $48,003,133,347 $679,940,814
1991 $45,715,676,428 $779,981,987
1990 $62,048,507,531 $649,644,098
1989 $55,634,721,573 $932,974,420
1988 $59,089,396,860 $1,055,083,933
1987 $66,745,818,375 $660,106,336
1986 $63,692,007,897 $490,181,457
1985 $57,937,868,670 $856,890,459
1984 $53,698,548,293 $1,087,471,862
1983 $48,801,369,800 $995,104,305
1982 $45,207,167,470 $1,295,361,886
1981 $44,348,590,461 $1,114,830,472
1980 $42,345,829,079 $1,100,685,845
1979 $33,243,706,860 $1,109,374,911
1978 $26,364,491,313 $960,728,339
1977 $20,972,113,685 $691,777,584
1976 $17,728,240,932 $594,895,942
1975 $15,557,902,754 $679,336,344
1974 $13,209,871,626 $648,590,643
1973 $8,707,858,912 $575,230,724
1972 $6,766,743,957 $465,381,340
1971 $5,077,183,094 $419,549,305
1970 $4,863,526,897 $434,410,974
1969 $4,257,253,264 $408,690,163
1968 $3,852,147,027 $329,859,732
1967 $3,370,870,376 $348,795,303
1966 $3,039,859,187 $375,479,850
1965 $3,136,284,307 $359,379,856
1964 $2,909,316,435 $371,847,461
1963 $2,702,982,018 $348,547,279
1962 $2,001,444,544 $342,721,416
1961 $2,434,747,056 $327,834,191
1960 $2,723,615,451 $322,009,962

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/algeria/sierra-leone | CC BY

GDP per capita in Algeria vs Sierra Leone by year

Algeria
GDP per capita

GDP per capita, PPP
Sierra Leone
GDP per capita

GDP per capita, PPP
1x
Year Current $
Algeria Sierra Leone
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $6,051 - $846 -
2024 $5,753 $17,621 $807 $3,522
2023 $5,370 $16,824 $758 $3,368
2022 $4,960 $15,836 $860 $3,144
2021 $4,161 $14,497 $885 $2,849
2020 $3,744 $12,677 $845 $2,719
2019 $4,468 $13,893 $844 $2,704
2018 $4,577 $13,727 $846 $2,640
2017 $4,555 $13,494 $779 $2,501
2016 $4,425 $13,438 $844 $2,635
2015 $4,685 $13,807 $965 $2,560
2014 $6,095 $14,694 $1,118 $2,762
2013 $5,980 $14,371 $1,117 $2,701
2012 $6,034 $14,441 $938 $2,317
2011 $5,916 $14,640 $761 $2,043
2010 $4,913 $14,201 $685 $1,900
2009 $4,235 $13,651 $653 $1,814
2008 $5,181 $13,666 $705 $1,824
2007 $4,167 $13,321 $632 $1,770
2006 $3,661 $12,791 $580 $1,698
2005 $3,233 $12,246 $463 $1,615
2004 $2,817 $11,432 $418 $1,541
2003 $2,284 $10,803 $414 $1,458
2002 $1,937 $10,080 $389 $1,360
2001 $1,896 $9,544 $358 $1,121
2000 $1,773 $9,187 $143.7 $1,242
1999 $1,596 $8,776 $155 $1,167
1998 $1,603 $8,503 $156.5 $1,180
1997 $1,629 $8,129 $199.9 $1,157
1996 $1,617 $8,053 $224.3 $1,225
1995 $1,467 $7,747 $208.4 $1,187
1994 $1,526 $7,463 $218.5 $1,266
1993 $1,831 $7,538 $185 $1,269
1992 $1,803 $7,705 $163.2 $1,220
1991 $1,759 $7,582 $183.7 $1,445
1990 $2,445 $7,602 $154.8 $1,382
1989 $2,247 - $231.3 -
1988 $2,451 - $268.2 -
1987 $2,847 - $172.4 -
1986 $2,800 - $131.5 -
1985 $2,633 - $235.5 -
1984 $2,524 - $306 -
1983 $2,374 - $285.8 -
1982 $2,275 - $380 -
1981 $2,307 - $334 -
1980 $2,276 - $336 -
1979 $1,843 - $346 -
1978 $1,506 - $305 -
1977 $1,232 - $224.2 -
1976 $1,080 - $196.4 -
1975 $992 - $228.4 -
1974 $873 - $222.1 -
1973 $590 - $200.6 -
1972 $469 - $165.4 -
1971 $360 - $151.8 -
1970 $353 - $160.2 -
1969 $316 - $153.6 -
1968 $292.4 - $126.3 -
1967 $261.8 - $136.1 -
1966 $241.4 - $149.3 -
1965 $253.6 - $145.6 -
1964 $238.9 - $153.4 -
1963 $225.6 - $146.3 -
1962 $169.6 - $146.3 -
1961 $209.4 - $142.3 -
1960 $238.4 - $142 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/algeria/sierra-leone | CC BY

Algeria's GDP per capita is $6,051, ranking 114/197, compared to $846 in Sierra Leone, ranking 186/197. Adjusted for purchasing power (GDP per capita PPP), Algeria ranks 105th at $17,621, while Sierra Leone ranks 171st at $3,522.

Economic indicators

Algeria Sierra Leone
Gross domestic product
$287B
2025
$7.46B
2025
GDP rank
51/197
2025
160/197
2025
GDP growth
3.82%
2024-2025
4.61%
2024-2025
GDP per capita
$6,051
2025
$846
2025
GDP per capita rank
114/197
2025
186/197
2025
GDP per capita, PPP
$17,621
2024
$3,522
2024
GDP per capita PPP rank
105/197
2024
171/197
2024
Government debt
$155B
2025
$3.38B
2025
Debt-to-GDP ratio
54.1%
2025
45.2%
2025
Government debt per person
$3,274
2025
$383
2025
Government debt per person rank
100/185
2025
173/185
2025
Average annual personal income after taxes
$3,755
2026
$1,418
2026
Market capitalization of domestic companies
$371M
2018
n/a
Number of billionaires
1
2026
n/a
Income share by richest 10%
22.9%
2011
29.4%
2018
Income share by poorest 10%
4%
2011
3.4%
2018
Government expenditure, % of GDP
36.2%
2025
16.5%
2025
Consumer prices inflation
1.42%
2024-2025
7.6%
2024-2025
Central bank interest rate
3%
2020
16.8%
2025
Unemployment rate
11.7%
2017
1.65%
2018
Population
48345858
9090531

Spending and national debt comparison by year

Algeria
Spending

Debt
Sierra Leone
Spending

Debt
1x
Year % of GDP
Algeria Sierra Leone
Government spending Government debt Government spending Government debt
2025 36.2% 54.1% 16.5% 45.2%
2024 36.8% 48.1% 17.6% 46.7%
2023 37.4% 47.7% 15.4% 49.4%
2022 32.7% 48.1% 16.7% 54%
2021 32.5% 55.1% 16.8% 47.1%
2020 37.5% 46% 15.6% 46.4%
2019 37.1% 40.9% 13.3% 45.3%
2018 36.2% 34.5% 13.7% 44.2%
2017 36.2% 24% 15% 44.2%
2016 37.2% 18.1% 14.9% 38.9%
2015 40.9% 7.73% 13.1% 28.4%
2014 36.9% 6.85% 13.5% 26.8%
2013 33.5% 6.48% 11.4% 22.3%
2012 40% 8.58% 13.5% 24.1%
2011 37.7% 8.48% 13.2% 25.8%
2010 35.1% 9.51% 12.5% 28.9%
2009 40.1% 8.92% 11.3% 31.1%
2008 37.3% 7.64% 10.3% 46.1%
2007 33.1% 12.8% 8.1% 26.4%
2006 27.8% 22.5% 9.97% 61.9%
2005 27.8% 25.4% 10.9% 78.9%
2004 27.1% 32.7% 11.1% 93.2%
2003 27% 38.2% 11.7% 99.8%
2002 32.5% 47.3% 12.6% 99.8%
2001 29.1% 50% 12% 113.5%
2000 26.4% 53.4% 10.3% -
1999 29.4% 69.7% - -
1998 28.7% 79.9% - -
1997 28.5% 79.6% - -
1996 26.9% 90.7% - -
1995 28.9% 95.9% - -
1994 30.9% 106.3% - -
1993 32.6% 76.8% - -
1992 28.2% 69.3% - -
1991 27.6% 86.1% - -
1990 23.3% 63.6% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1990, retrieved 2026-07-08).

GeoRank.org/economy/algeria/sierra-leone | CC BY

In 2025, Algeria's government spending was $104B, accounting for 36.2% of its GDP, while Sierra Leone spent $1.23B, or 16.5% of GDP.

Debt-to-GDP ratio is 54.1% in Algeria and 45.2% in Sierra Leone, ranking 94/185 and 115/185, respectively.

Government deficit by year

Deficit/surplus
Algeria

Sierra Leone
1x
Year Deficit/surplus, % of GDP
Algeria Sierra Leone
2025 -10.2% -4.2%
2024 -13.8% -5.16%
2023 -5.52% -4.99%
2022 -2.96% -5.93%
2021 -6.32% -4.35%
2020 -10.5% -3.5%
2019 -8.51% -1.95%
2018 -6.15% -3.57%
2017 -7.55% -5.61%
2016 -11.8% -5.41%
2015 -13.9% -2.86%
2014 -7.14% -2.77%
2013 -0.79% -1.74%
2012 -4.04% -3.41%
2011 -1.06% -2.78%
2010 -1.35% -3.09%
2009 -6.53% -1.51%
2008 7.79% -2.22%
2007 4.63% 12.6%
2006 12.9% -0.93%
2005 11.4% -1.17%
2004 6.36% -1.46%
2003 7.22% -2.78%
2002 0.21% -3.03%
2001 3.15% -3.22%
2000 8.91% -1.94%
1999 -1.83% -
1998 -3.52% -
1997 2.19% -
1996 2.7% -
1995 -1.3% -
1994 -4.05% -
1993 -7.79% -
1992 -1.05% -
1991 1.53% -
1990 3.35% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/algeria/sierra-leone | CC BY

In 2025, Algeria's government deficit, the difference between spending and revenue, was $29.1B, equivalent to 10.2% of GDP. This compares to Sierra Leone's deficit of $313M, or 4.2% of GDP.

Over the past 26 years, Algeria recorded a fiscal deficit in 17 of those years, while Sierra Leone ran a deficit in 25 years. On average, Algeria posted an annual deficit equal to 2.14% of GDP, compared to deficit of 2.58% of GDP for Sierra Leone.

Inflation comparison by year

Inflation
Algeria

Sierra Leone
1x
Year Consumer prices inflation
Algeria Sierra Leone
2025 1.42% 7.6%
2024 4.05% 28.4%
2023 9.32% 47.7%
2022 9.27% 27.2%
2021 7.23% 11.9%
2020 2.42% 13.4%
2019 1.95% 14.8%
2018 4.27% 16%
2017 5.59% 18.2%
2016 6.4% 10.9%
2015 4.78% 6.7%
2014 2.92% 4.6%
2013 3.25% 5.5%
2012 8.89% 6.6%
2011 4.52% 6.8%
2010 3.91% 7.2%
2009 5.74% 7.5%
2008 4.86% 8.2%
2007 3.68% 17%
2006 2.31% 10.5%
2005 1.38% 13.7%
2004 3.96% 12.9%
2003 4.27% 4%
2002 1.42% 0.1%
2001 4.23% 2.6%
2000 0.34% -0.9%
1999 2.65% 34.1%
1998 4.95% 36%
1997 5.73% 14.6%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/algeria/sierra-leone | CC BY

Over the past 29 years, Algeria has recorded an average annual inflation rate of 4.33%, compared with 13.6% in Sierra Leone. In 2025, inflation was 1.42% in Algeria and 7.6% in Sierra Leone.

Top exports between countries

Algeria
Export category Export value
Raw materials & minerals $2M
Processed food, beverages & tobacco $897K
Sierra Leone
Export category Export value

Balance of trade

Algeria Sierra Leone
Current account balance
-$2.75B
2024
-$984M
2024
Current account balance ranking
151/190
2024
115/190
2024
Current account balance, % of GDP
-1.02%
2024
-14.1%
2024
Goods imports
$45.3B
2024
$2.4B
2024
Goods exports
$48.8B
2024
$1.55B
2024
Service imports
$9.13B
2024
$514M
2024
Service exports
$4.22B
2024
$49.6M
2024
Imports of goods and services, % of GDP
22.1%
2025
28.2%
2025
Exports of goods and services, % of GDP
16.8%
2025
20.9%
2025

Economic freedom indices

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

Algeria Sierra Leone
Economic freedom 45.8 49.6
Economic freedom ranking 179/197 165/197
Property rights 27.7 32.9
Government integrity 29.4 35.8
Judicial effectiveness 30 42
Tax burden 80.3 88.2
Government spending 61.9 92.4
Fiscal health 15.4 54.1
Business freedom 59.3 44.8
Labor freedom 52.2 38.2
Monetary freedom 74.7 53.6
Trade freedom 58.8 63.6
Investment freedom 30 30
Financial freedom 30 20

Economic freedom comparison by year

Algeria
Sierra Leone
1x
Year Economic freedom index
Algeria Sierra Leone
2026 45.8 49.6
2025 47.5 48
2024 43.9 44.6
2023 43.2 50.2
2022 45.8 52
2021 49.7 51.7
2020 46.9 48
2019 46.2 47.5
2018 44.7 51.8
2017 46.5 52.6
2016 50.1 52.3
2015 48.9 51.7
2014 50.8 50.5
2013 49.6 48.3
2012 51 49.1
2011 52.4 49.6
2010 56.9 47.9
2009 56.6 47.8
2008 56.2 48.3
2007 55.4 47
2006 55.7 45.2
2005 53.2 44.8
2004 58.1 43.6
2003 57.7 42.2
2002 61 -
2001 57.3 -
2000 56.8 44.2
1999 57.2 47.2
1998 55.8 47.7
1997 54.9 45
1996 54.5 52.3
1995 55.7 49.8

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

GeoRank.org/economy/algeria/sierra-leone | CC BY

The Economic Freedom Index for Algeria is 45.8, ranking 179/197, compared to 49.6 for Sierra Leone, ranking 165/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Algeria Sierra Leone
Services, % of GDP
45.7%
2025
41.6%
2025
Industry, % of GDP
34.8%
2025
25.7%
2025
Agriculture, forestry, and fishing, % of GDP
14.5%
2025
29.5%
2025
GNI, Atlas method
$278B
2025
$7.34B
2025
GNI per capita, PPP
$18,240
2025
$3,690
2025
Total reserves including gold
$72.5B
2025
$433M
2024
Total reserves ranking
38/177
2025
161/177
2024
Net foreign direct investment
-$1.23B
2024
-$122M
2024
Net inflows of foreign direct investment
$1.23B
2024
$122M
2024
Net outflows of foreign direct investment
$265K
2024
$0
2024
Servicing debt to the IMF, % of GNI
0.17%
2024
2.22%
2024
Poverty at national poverty lines
5.5%
2011
56.8%
2018
Gross capital formation, % of GDP
45.3%
2025
23.2%
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/sierra-leone | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2017–2024, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)
  8. International Monetary Fund (IMF) | Public Finances in Modern History (1990, 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.