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Economy of Algeria vs Solomon Islands compared: GDP & Debt

Updated on by Georank

Algeria has a GDP of $287B compared to $1.75B for the Solomon Islands, ranking 51/197 and 183/197 by economy size, respectively.

Algeria has $155B in government debt (54.1% of GDP), compared to $501M (28.7% of GDP) in the Solomon Islands.

Algeria vs Solomon Islands GDP by year

Algeria
Solomon Islands
1x
Year GDP, current $
Algeria Solomon Islands
2025 $287,031,225,988 $1,749,572,443
2024 $269,322,281,665 $1,583,964,704
2023 $247,923,887,215 $1,506,124,566
2022 $225,581,644,703 $1,466,670,930
2021 $186,231,205,262 $1,558,312,104
2020 $164,873,415,325 $1,536,143,428
2019 $193,459,662,091 $1,619,150,564
2018 $194,554,483,656 $1,615,473,250
2017 $189,880,896,903 $1,469,790,526
2016 $180,763,839,522 $1,379,486,291
2015 $187,493,855,609 $1,307,908,814
2014 $238,942,664,193 $1,335,576,763
2013 $229,701,430,292 $1,285,905,958
2012 $227,143,746,076 $1,185,217,634
2011 $218,331,946,925 $1,063,898,227
2010 $177,785,053,940 $898,128,551
2009 $150,317,292,079 $805,557,289
2008 $180,383,848,331 $776,335,523
2007 $142,482,739,810 $695,291,218
2006 $123,084,258,693 $617,257,458
2005 $107,046,618,670 $552,881,357
2004 $91,913,680,985 $468,000,121
2003 $73,482,264,191 $417,666,639
2002 $61,516,103,406 $346,406,739
2001 $59,413,400,924 $409,508,553
2000 $54,790,398,570 $419,842,674
1999 $48,640,671,735 $488,024,514
1998 $48,187,781,984 $457,579,840
1997 $48,177,612,042 $526,554,006
1996 $46,941,554,225 $510,586,430
1995 $41,764,291,672 $469,443,202
1994 $42,543,176,829 $402,837,005
1993 $49,945,584,453 $300,746,361
1992 $48,003,133,347 $269,034,596
1991 $45,715,676,428 $227,540,473
1990 $62,048,507,531 $214,877,667
1989 $55,634,721,573 $172,882,411
1988 $59,089,396,860 $176,494,394
1987 $66,745,818,375 $155,128,542
1986 $63,692,007,897 $147,620,048
1985 $57,937,868,670 $165,524,943
1984 $53,698,548,293 $181,570,474
1983 $48,801,369,800 $181,220,399
1982 $45,207,167,470 $192,902,019
1981 $44,348,590,461 $193,750,541
1980 $42,345,829,079 $182,852,107
1979 $33,243,706,860 $151,276,496
1978 $26,364,491,313 $111,027,427
1977 $20,972,113,685 $93,145,283
1976 $17,728,240,932 $83,100,834
1975 $15,557,902,754 $74,620,320
1974 $13,209,871,626 $84,539,332
1973 $8,707,858,912 $55,272,109
1972 $6,766,743,957 $40,606,712
1971 $5,077,183,094 $50,056,883
1970 $4,863,526,897 -
1969 $4,257,253,264 $28,606,411
1968 $3,852,147,027 $28,084,253
1967 $3,370,870,376 $25,203,524
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 (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/algeria/solomon-islands | CC BY

GDP per capita in Algeria vs Solomon Islands by year

Algeria
GDP per capita

GDP per capita, PPP
Solomon Islands
GDP per capita

GDP per capita, PPP
1x
Year Current $
Algeria Solomon Islands
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $6,051 - $2,086 -
2024 $5,753 $17,621 $1,934 $2,675
2023 $5,370 $16,824 $1,883 $2,597
2022 $4,960 $15,836 $1,878 $2,496
2021 $4,161 $14,497 $2,043 $2,450
2020 $3,744 $12,677 $2,063 $2,405
2019 $4,468 $13,893 $2,224 $2,512
2018 $4,577 $13,727 $2,278 $2,494
2017 $4,555 $13,494 $2,144 $2,454
2016 $4,425 $13,438 $2,083 $2,421
2015 $4,685 $13,807 $2,045 $2,354
2014 $6,095 $14,694 $2,165 $2,377
2013 $5,980 $14,371 $2,161 $2,394
2012 $6,034 $14,441 $2,066 $2,320
2011 $5,916 $14,640 $1,924 $2,306
2010 $4,913 $14,201 $1,685 $2,182
2009 $4,235 $13,651 $1,555 $2,021
2008 $5,181 $13,666 $1,526 $1,989
2007 $4,167 $13,321 $1,390 $1,869
2006 $3,661 $12,791 $1,256 $1,786
2005 $3,233 $12,246 $1,144 $1,693
2004 $2,817 $11,432 $986 $1,556
2003 $2,284 $10,803 $896 $1,433
2002 $1,937 $10,080 $757 $1,344
2001 $1,896 $9,544 $912 $1,387
2000 $1,773 $9,187 $953 $1,503
1999 $1,596 $8,776 $1,134 $1,754
1998 $1,603 $8,503 $1,092 $1,785
1997 $1,629 $8,129 $1,292 $1,793
1996 $1,617 $8,053 $1,289 $1,830
1995 $1,467 $7,747 $1,220 $1,820
1994 $1,526 $7,463 $1,078 $1,668
1993 $1,831 $7,538 $829 $1,556
1992 $1,803 $7,705 $764 $1,505
1991 $1,759 $7,582 $666 $1,346
1990 $2,445 $7,602 $648 $1,266
1989 $2,247 - $538 -
1988 $2,451 - $567 -
1987 $2,847 - $515 -
1986 $2,800 - $506 -
1985 $2,633 - $586 -
1984 $2,524 - $665 -
1983 $2,374 - $686 -
1982 $2,275 - $756 -
1981 $2,307 - $786 -
1980 $2,276 - $768 -
1979 $1,843 - $658 -
1978 $1,506 - $500 -
1977 $1,232 - $434 -
1976 $1,080 - $401 -
1975 $992 - $372 -
1974 $873 - $433 -
1973 $590 - $291.3 -
1972 $469 - $219.5 -
1971 $360 - $277.1 -
1970 $353 - - -
1969 $316 - $165.9 -
1968 $292.4 - $166.9 -
1967 $261.8 - $153.5 -
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 (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/algeria/solomon-islands | CC BY

Algeria's GDP per capita is $6,051, ranking 114/197, compared to $2,086 in the Solomon Islands, ranking 157/197. Adjusted for purchasing power (GDP per capita PPP), Algeria ranks 105th at $17,621, while the Solomon Islands ranks 183rd at $2,675.

Economic indicators

Algeria Solomon Islands
Gross domestic product
$287B
2025
$1.75B
2025
GDP rank
51/197
2025
183/197
2025
GDP growth
3.82%
2024-2025
3.62%
2024-2025
GDP per capita
$6,051
2025
$2,086
2025
GDP per capita rank
114/197
2025
157/197
2025
GDP per capita, PPP
$17,621
2024
$2,675
2024
GDP per capita PPP rank
105/197
2024
183/197
2024
Government debt
$155B
2025
$501M
2025
Debt-to-GDP ratio
54.1%
2025
28.7%
2025
Government debt per person
$3,274
2025
$598
2025
Government debt per person rank
100/185
2025
162/185
2025
Average annual personal income after taxes
$3,755
2026
$1,986
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
29.2%
2012
Income share by poorest 10%
4%
2011
2.8%
2012
Government expenditure, % of GDP
36.2%
2025
40.6%
2025
Consumer prices inflation
1.42%
2024-2025
3.36%
2024-2025
Central bank interest rate
3%
2020
n/a
Unemployment rate
11.7%
2017
0.69%
2013
Population
48345858
868694

Spending and national debt comparison by year

Algeria
Spending

Debt
Solomon Islands
Spending

Debt
1x
Year % of GDP
Algeria Solomon Islands
Government spending Government debt Government spending Government debt
2025 36.2% 54.1% 40.6% 28.7%
2024 36.8% 48.1% 39.6% 26.1%
2023 37.4% 47.7% 44.2% 22.3%
2022 32.7% 48.1% 43.5% 16.5%
2021 32.5% 55.1% 36.9% 16.1%
2020 37.5% 46% 40.4% 9.15%
2019 37.1% 40.9% 35.6% 7.82%
2018 36.2% 34.5% 34.8% 7.95%
2017 36.2% 24% 40.4% 8.77%
2016 37.2% 18.1% 39.6% 7.54%
2015 40.9% 7.73% 41.5% 7.88%
2014 36.9% 6.85% 39.8% 10.1%
2013 33.5% 6.48% 41.8% 11.6%
2012 40% 8.58% 29.4% 13.3%
2011 37.7% 8.48% 26.7% 18.1%
2010 35.1% 9.51% 22.6% 21.6%
2009 40.1% 8.92% 22.7% 17.2%
2008 37.3% 7.64% 24.3% 26.1%
2007 33.1% 12.8% 21.1% 29.5%
2006 27.8% 22.5% 17.4% 36.9%
2005 27.8% 25.4% 14.7% 38.5%
2004 27.1% 32.7% 12.5% 49.4%
2003 27% 38.2% 12.6% 51.8%
2002 32.5% 47.3% 14.1% 55.5%
2001 29.1% 50% 15.3% 44.6%
2000 26.4% 53.4% 15.8% 37.4%
1999 29.4% 69.7% 15.8% 35.4%
1998 28.7% 79.9% 13.1% 33.3%
1997 28.5% 79.6% 16.3% 21.9%
1996 26.9% 90.7% 20.4% -
1995 28.9% 95.9% 20.8% -
1994 30.9% 106.3% 25.5% -
1993 32.6% 76.8% 28.1% -
1992 28.2% 69.3% 29.6% -
1991 27.6% 86.1% 33.2% -
1990 23.3% 63.6% 25.4% -

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/solomon-islands | CC BY

In 2025, Algeria's government spending was $104B, accounting for 36.2% of its GDP, while the Solomon Islands spent $711M, or 40.6% of GDP.

Debt-to-GDP ratio is 54.1% in Algeria and 28.7% in the Solomon Islands, ranking 94/185 and 158/185, respectively.

Government deficit by year

Deficit/surplus
Algeria

Solomon Islands
1x
Year Deficit/surplus, % of GDP
Algeria Solomon Islands
2025 -10.2% -3.24%
2024 -13.8% -2.09%
2023 -5.52% -4.13%
2022 -2.96% -2.7%
2021 -6.32% -1.82%
2020 -10.5% -2.44%
2019 -8.51% -1.52%
2018 -6.15% 1.49%
2017 -7.55% -2.27%
2016 -11.8% -3.56%
2015 -13.9% 0.81%
2014 -7.14% 2.13%
2013 -0.79% 3.57%
2012 -4.04% 4.63%
2011 -1.06% 6.14%
2010 -1.35% 5.67%
2009 -6.53% 2.15%
2008 7.79% 1.75%
2007 4.63% 13.7%
2006 12.9% 11.3%
2005 11.4% 11.5%
2004 6.36% 14.5%
2003 7.22% 8.91%
2002 0.21% -3.67%
2001 3.15% -2.02%
2000 8.91% -2.47%
1999 -1.83% -0.27%
1998 -3.52% 4.25%
1997 2.19% 1.8%
1996 2.7% 3.15%
1995 -1.3% 2.69%
1994 -4.05% 3.65%
1993 -7.79% 2.07%
1992 -1.05% 3.48%
1991 1.53% 0.12%
1990 3.35% 0.49%

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

GeoRank.org/economy/algeria/solomon-islands | 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 the Solomon Islands' deficit of $56.6M, or 3.24% of GDP.

Over the past 36 years, Algeria recorded a fiscal deficit in 23 of those years, while the Solomon Islands ran a deficit in 13 years. On average, Algeria posted an annual deficit equal to 1.81% of GDP, compared to surplus of 2.16% of GDP for the Solomon Islands.

Inflation comparison by year

Inflation
Algeria

Solomon Islands
1x
Year Consumer prices inflation
Algeria Solomon Islands
2025 1.42% 3.36%
2024 4.05% 4.32%
2023 9.32% 5.89%
2022 9.27% 5.52%
2021 7.23% -0.12%
2020 2.42% 2.96%
2019 1.95% 1.63%
2018 4.27% 3.46%
2017 5.59% 0.49%
2016 6.4% 0.51%
2015 4.78% -0.57%
2014 2.92% 5.17%
2013 3.25% 5.39%
2012 8.89% 5.91%
2011 4.52% 7.34%
2010 3.91% 1.05%
2009 5.74% 7.09%
2008 4.86% 17.3%
2007 3.68% 7.67%
2006 2.31% 11.2%
2005 1.38% 7.33%
2004 3.96% 6.99%
2003 4.27% 8.27%
2002 1.42% 10.9%
2001 4.23% 6.93%
2000 0.34% 7.89%
1999 2.65% 8.02%
1998 4.95% 12.4%
1997 5.73% 8.08%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/algeria/solomon-islands | CC BY

Over the past 29 years, Algeria has recorded an average annual inflation rate of 4.33%, compared with 5.95% in the Solomon Islands. In 2025, inflation was 1.42% in Algeria and 3.36% in the Solomon Islands.

Balance of trade

Algeria Solomon Islands
Current account balance
-$2.75B
2024
-$66.2M
2024
Current account balance ranking
151/190
2024
78/190
2024
Current account balance, % of GDP
-1.02%
2024
-4.18%
2024
Goods imports
$45.3B
2024
$609M
2024
Goods exports
$48.8B
2024
$510M
2024
Service imports
$9.13B
2024
$248M
2024
Service exports
$4.22B
2024
$133M
2024
Imports of goods and services, % of GDP
22.1%
2025
70.8%
2024
Exports of goods and services, % of GDP
16.8%
2025
40.6%
2024

Economic freedom indices

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

Algeria Solomon Islands
Economic freedom 45.8 53.7
Economic freedom ranking 179/197 137/197
Property rights 27.7 55.8
Government integrity 29.4 42.7
Judicial effectiveness 30 59.1
Tax burden 80.3 71.3
Government spending 61.9 54.6
Fiscal health 15.4 83.3
Business freedom 59.3 52.3
Labor freedom 52.2 60.4
Monetary freedom 74.7 76.5
Trade freedom 58.8 43.6
Investment freedom 30 15
Financial freedom 30 30

Economic freedom comparison by year

Algeria
Solomon Islands
1x
Year Economic freedom index
Algeria Solomon Islands
2026 45.8 53.7
2025 47.5 56.3
2024 43.9 55
2023 43.2 56.9
2022 45.8 56.5
2021 49.7 56.5
2020 46.9 52.9
2019 46.2 54.6
2018 44.7 57.5
2017 46.5 55
2016 50.1 47
2015 48.9 47
2014 50.8 46.2
2013 49.6 45
2012 51 46.2
2011 52.4 45.9
2010 56.9 42.9
2009 56.6 46
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 2026-07-08).

GeoRank.org/economy/algeria/solomon-islands | CC BY

The Economic Freedom Index for Algeria is 45.8, ranking 179/197, compared to 53.7 for the Solomon Islands, ranking 137/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Algeria Solomon Islands
Services, % of GDP
45.7%
2025
46.9%
2024
Industry, % of GDP
34.8%
2025
23.4%
2024
Agriculture, forestry, and fishing, % of GDP
14.5%
2025
29.7%
2024
GNI, Atlas method
$278B
2025
$1.7B
2025
GNI per capita, PPP
$18,240
2025
$2,790
2025
Total reserves including gold
$72.5B
2025
$686M
2024
Total reserves ranking
38/177
2025
148/177
2024
Net foreign direct investment
-$1.23B
2024
$19.9M
2024
Net inflows of foreign direct investment
$1.23B
2024
$33M
2024
Net outflows of foreign direct investment
$265K
2024
$52.9M
2024
Servicing debt to the IMF, % of GNI
0.17%
2024
1.64%
2024
Poverty at national poverty lines
5.5%
2011
12.7%
2012
Gross capital formation, % of GDP
45.3%
2025
19.5%
2024

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/solomon-islands | 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. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  6. LivingCost (2026, retrieved 2026-07-08)
  7. 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.