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Economy of Algeria vs Sri Lanka compared: GDP & Debt

Updated on by Georank team

Algeria has a GDP of $269B compared to $99B for Sri Lanka, ranking 51/197 and 72/197 by economy size, respectively.

Algeria has $129B in government debt (48.1% of GDP), compared to $99.8B (100.8% of GDP) in Sri Lanka.

Algeria vs Sri Lanka GDP by year

Algeria
Sri Lanka
1x
Year GDP, current $
Algeria Sri Lanka
2024 $269,322,281,665 $98,963,185,510
2023 $247,923,887,215 $83,716,142,582
2022 $225,581,644,703 $74,143,020,263
2021 $186,231,205,262 $88,556,698,938
2020 $164,873,415,325 $84,335,574,582
2019 $193,459,662,091 $88,998,706,297
2018 $194,554,483,656 $94,450,015,983
2017 $189,880,896,903 $94,369,350,286
2016 $180,763,839,522 $88,000,211,172
2015 $187,493,855,609 $85,090,301,052
2014 $238,942,664,193 $82,531,125,191
2013 $229,701,430,292 $76,976,203,829
2012 $227,143,746,076 $70,447,217,164
2011 $218,331,946,925 $67,753,285,897
2010 $177,785,053,940 $58,636,049,434
2009 $150,317,292,079 $42,066,224,093
2008 $180,383,848,331 $40,713,826,215
2007 $142,482,739,810 $32,350,238,760
2006 $123,084,258,693 $28,267,410,543
2005 $107,046,618,670 $24,405,791,045
2004 $91,913,680,985 $20,662,525,941
2003 $73,482,264,191 $18,881,765,437
2002 $61,516,103,406 $16,536,535,647
2001 $59,413,400,924 $15,749,753,805
2000 $54,790,398,570 $16,595,882,819
1999 $48,640,671,735 $15,711,933,513
1998 $48,187,781,984 $15,760,736,956
1997 $48,177,612,042 $15,091,913,884
1996 $46,941,554,225 $13,897,738,375
1995 $41,764,291,672 $13,029,697,561
1994 $42,543,176,829 $11,717,604,209
1993 $49,945,584,453 $10,338,679,636
1992 $48,003,133,347 $9,703,011,636
1991 $45,715,676,428 $9,000,362,582
1990 $62,048,507,531 $8,032,551,173
1989 $55,634,721,573 $6,987,267,684
1988 $59,089,396,860 $6,978,371,581
1987 $66,745,818,375 $6,682,167,120
1986 $63,692,007,897 $6,405,210,564
1985 $57,937,868,670 $5,978,460,972
1984 $53,698,548,293 $6,043,474,843
1983 $48,801,369,800 $5,167,913,302
1982 $45,207,167,470 $4,768,765,017
1981 $44,348,590,461 $4,415,844,156
1980 $42,345,829,079 $4,024,621,900
1979 $33,243,706,860 $3,364,611,432
1978 $26,364,491,313 $2,733,183,857
1977 $20,972,113,685 $4,104,509,583
1976 $17,728,240,932 $3,591,319,857
1975 $15,557,902,754 $3,791,298,146
1974 $13,209,871,626 $3,574,586,466
1973 $8,707,858,912 $2,875,625,000
1972 $6,766,743,957 $2,553,936,348
1971 $5,077,183,094 $2,369,308,600
1970 $4,863,526,897 $2,296,470,588
1969 $4,257,253,264 $1,965,546,218
1968 $3,852,147,027 $1,801,344,538
1967 $3,370,870,376 $1,859,465,021
1966 $3,039,859,187 $1,751,470,588
1965 $3,136,284,307 $1,698,319,328
1964 $2,909,316,435 $1,309,747,899
1963 $2,702,982,018 $1,240,672,269
1962 $2,001,444,544 $1,434,156,379
1961 $2,434,747,056 $1,444,327,731
1960 $2,723,615,451 $1,409,873,950

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

GeoRank.org/economy/algeria/sri-lanka | CC BY

GDP per capita in Algeria vs Sri Lanka by year

Algeria
GDP per capita

GDP per capita, PPP
Sri Lanka
GDP per capita

GDP per capita, PPP
1x
Year Current $
Algeria Sri Lanka
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $5,753 $17,621 $4,516 $15,633
2023 $5,370 $16,824 $3,799 $14,456
2022 $4,960 $15,836 $3,343 $14,194
2021 $4,161 $14,497 $3,997 $14,316
2020 $3,744 $12,677 $3,848 $12,941
2019 $4,468 $13,893 $4,082 $14,113
2018 $4,577 $13,727 $4,359 $14,178
2017 $4,555 $13,494 $4,399 $13,610
2016 $4,425 $13,438 $4,149 $13,079
2015 $4,685 $13,807 $4,058 $12,227
2014 $6,095 $14,694 $3,972 $11,721
2013 $5,980 $14,371 $3,739 $11,253
2012 $6,034 $14,441 $3,328 $10,249
2011 $5,916 $14,640 $3,225 $9,076
2010 $4,913 $14,201 $2,808 $8,234
2009 $4,235 $13,651 $2,027 $7,576
2008 $5,181 $13,666 $1,974 $7,317
2007 $4,167 $13,321 $1,579 $6,820
2006 $3,661 $12,791 $1,389 $6,261
2005 $3,233 $12,246 $1,207 $5,679
2004 $2,817 $11,432 $1,029 $5,216
2003 $2,284 $10,803 $946 $4,850
2002 $1,937 $10,080 $835 $4,522
2001 $1,896 $9,544 $804 $4,328
2000 $1,773 $9,187 $860 $4,368
1999 $1,596 $8,776 $829 $4,103
1998 $1,603 $8,503 $848 $3,952
1997 $1,629 $8,129 $827 $3,804
1996 $1,617 $8,053 $776 $3,582
1995 $1,467 $7,747 $742 $3,454
1994 $1,526 $7,463 $678 $3,260
1993 $1,831 $7,538 $607 $3,067
1992 $1,803 $7,705 $580 $2,851
1991 $1,759 $7,582 $546 $2,713
1990 $2,445 $7,602 $491 $2,527
1989 $2,247 - $430 -
1988 $2,451 - $434 -
1987 $2,847 - $420 -
1986 $2,800 - $407 -
1985 $2,633 - $385 -
1984 $2,524 - $391 -
1983 $2,374 - $336 -
1982 $2,275 - $312 -
1981 $2,307 - $292.5 -
1980 $2,276 - $271.1 -
1979 $1,843 - $230.8 -
1978 $1,506 - $191 -
1977 $1,232 - $292.1 -
1976 $1,080 - $260.3 -
1975 $992 - $279.8 -
1974 $873 - $268.7 -
1973 $590 - $220.2 -
1972 $469 - $199.4 -
1971 $360 - $188.8 -
1970 $353 - $186.9 -
1969 $316 - $163.6 -
1968 $292.4 - $153.5 -
1967 $261.8 - $162.3 -
1966 $241.4 - $156.6 -
1965 $253.6 - $155.6 -
1964 $238.9 - $122.9 -
1963 $225.6 - $119.4 -
1962 $169.6 - $141.4 -
1961 $209.4 - $145.9 -
1960 $238.4 - $145.9 -

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

GeoRank.org/economy/algeria/sri-lanka | CC BY

Algeria's GDP per capita is $5,753, ranking 114/197, compared to $4,516 in Sri Lanka, ranking 124/197. Adjusted for purchasing power (GDP per capita PPP), Algeria ranks 105th at $17,621, while Sri Lanka ranks 111th at $15,633.

Economic indicators

Algeria Sri Lanka
Gross domestic product
$269B
2024
$99B
2024
GDP rank
51/197
2024
72/197
2024
GDP growth
3.7%
2023-2024
5.01%
2023-2024
GDP per capita
$5,753
2024
$4,516
2024
GDP per capita rank
114/197
2024
124/197
2024
GDP per capita, PPP
$17,621
2024
$15,633
2024
GDP per capita PPP rank
105/197
2024
111/197
2024
Government debt
$129B
2024
$99.8B
2024
Debt-to-GDP ratio
48.1%
2024
100.8%
2024
Government debt per person
$2,765
2024
$4,554
2024
Government debt per person rank
106/185
2024
85/185
2024
Average annual personal income after taxes
$3,787
2026
$2,874
2026
Market capitalization of domestic companies
$371M
2018
$19.5B
2024
Number of billionaires
1
2025
n/a
Income share by richest 10%
22.9%
2011
30.8%
2019
Income share by poorest 10%
4%
2011
3.1%
2019
Government expenditure, % of GDP
36.8%
2024
19.3%
2024
Consumer prices inflation
4.05%
2023-2024
-0.43%
2023-2024
Central bank interest rate
3%
2020
7.75%
2025
Unemployment rate
12%
2017
4.67%
2023
Population
48222325
22185425

Spending and national debt comparison by year

Algeria
Spending

Debt
Sri Lanka
Spending

Debt
1x
Year % of GDP
Algeria Sri Lanka
Government spending Government debt Government spending Government debt
2024 36.8% 48.1% 19.3% 100.8%
2023 37.4% 47.7% 19.5% 110.4%
2022 32.7% 48.1% 18.6% 115.9%
2021 32.5% 55.1% 20% 102.7%
2020 37.5% 46% 22.1% 96.9%
2019 37.1% 40.9% 19.5% 82.6%
2018 36.2% 34.5% 17.5% 83.6%
2017 36.2% 24% 17.9% 72.3%
2016 37.2% 18.1% 18.2% 75%
2015 40.9% 7.73% 19.3% 76.3%
2014 36.9% 6.85% 17.2% 69.6%
2013 33.5% 6.48% 16.6% 69.5%
2012 40% 8.58% 17.3% 67.5%
2011 37.7% 8.48% 19.1% 69.4%
2010 35.1% 9.51% 19.3% 68.7%
2009 40.1% 8.92% 21% 72.8%
2008 37.3% 7.64% 19.1% 68.8%
2007 33.1% 12.8% 19.9% 71.8%
2006 27.8% 22.5% 20.5% 74.3%
2005 27.8% 25.4% 20.1% 76.6%
2004 27.1% 32.7% 19.3% 86.5%
2003 27% 38.2% 19.3% 86.5%
2002 32.5% 47.3% 20.8% 96.3%
2001 29.1% 50% 22.4% 84.4%
2000 26.4% 53.4% 21.7% 79.2%
1999 29.4% 69.7% 20.5% 77.7%
1998 28.7% 79.9% 21.4% 74.2%
1997 28.5% 79.6% 21.4% 70.1%
1996 26.9% 90.7% 23.1% 76.2%
1995 28.9% 95.9% 24.8% 77.8%
1994 30.9% 106.3% 24.1% 77.9%
1993 32.6% 76.8% 23.2% 79.2%
1992 28.2% 69.3% 23% 77.9%
1991 27.6% 86.1% 26.4% 80.5%
1990 23.3% 63.6% 25.4% 78.9%

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/sri-lanka | CC BY

In 2024, Algeria's government spending was $99.1B, accounting for 36.8% of its GDP, while Sri Lanka spent $19.1B, or 19.3% of GDP.

Debt-to-GDP ratio is 48.1% in Algeria and 100.8% in Sri Lanka, ranking 113/185 and 23/185, respectively.

Government deficit by year

Deficit/surplus
Algeria

Sri Lanka
1x
Year Deficit/surplus, % of GDP
Algeria Sri Lanka
2024 -13.8% -5.64%
2023 -5.52% -8.32%
2022 -2.96% -10.2%
2021 -6.32% -11.7%
2020 -10.5% -13.4%
2019 -8.51% -7.52%
2018 -6.15% -4.96%
2017 -7.55% -5.1%
2016 -11.8% -5%
2015 -13.9% -6.64%
2014 -7.14% -5.99%
2013 -0.79% -5%
2012 -4.04% -5.44%
2011 -1.06% -6.01%
2010 -1.35% -6.73%
2009 -6.53% -8.33%
2008 7.79% -5.93%
2007 4.63% -5.81%
2006 12.9% -5.91%
2005 11.4% -5.93%
2004 6.36% -6.32%
2003 7.22% -6.15%
2002 0.21% -6.9%
2001 3.15% -8.48%
2000 8.91% -7.78%
1999 -1.83% -5.58%
1998 -3.52% -6.79%
1997 2.19% -5.71%
1996 2.7% -6.89%
1995 -1.3% -7.11%
1994 -4.05% -7.41%
1993 -7.79% -5.77%
1992 -1.05% -4.95%
1991 1.53% -7.97%
1990 3.35% -6.39%

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

GeoRank.org/economy/algeria/sri-lanka | 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 Sri Lanka's deficit of $5.58B, or 5.64% of GDP.

Over the past 35 years, Algeria recorded a fiscal deficit in 22 of those years, while Sri Lanka ran a deficit in 35 years. On average, Algeria posted an annual deficit equal to 1.58% of GDP, compared to deficit of 6.85% of GDP for Sri Lanka.

Inflation comparison by year

Inflation
Algeria

Sri Lanka
1x
Year Consumer prices inflation
Algeria Sri Lanka
2024 4.05% -0.43%
2023 9.32% 16.5%
2022 9.27% 49.7%
2021 7.23% 7.01%
2020 2.42% 6.15%
2019 1.95% 3.53%
2018 4.27% 2.14%
2017 5.59% 7.7%
2016 6.4% 3.96%
2015 4.78% 3.77%
2014 2.92% 3.18%
2013 3.25% 6.91%
2012 8.89% 7.54%
2011 4.52% 6.72%
2010 3.91% 6.22%
2009 5.74% 3.46%
2008 4.86% 22.6%
2007 3.68% 15.8%
2006 2.31% 10%
2005 1.38% 11.6%
2004 3.96% 7.58%
2003 4.27% 6.31%
2002 1.42% 9.55%
2001 4.23% 14.2%
2000 0.34% 6.18%
1999 2.65% 4.69%
1998 4.95% 9.36%
1997 5.73% 9.57%

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

GeoRank.org/economy/algeria/sri-lanka | CC BY

Over the past 28 years, Algeria has recorded an average annual inflation rate of 4.44%, compared with 9.34% in Sri Lanka. In 2024, inflation was 4.05% in Algeria and -0.43% in Sri Lanka.

Top exports between countries

Algeria
Export category Export value
Processed food, beverages & tobacco $757K
Raw agricultural goods $3K
Sri Lanka
Export category Export value
Raw agricultural goods $681K
Raw materials & minerals $339K
Processed food, beverages & tobacco $129K
Machinery & equipment $118K
Metals $70K
Textiles & consumer goods $57K
Wood & paper products $15K
Animal & marine products $10K
Chemicals & pharma $8K

Balance of trade

Algeria Sri Lanka
Current account balance
-$2.75B
2024
$1.21B
2024
Current account balance ranking
154/190
2024
53/190
2024
Current account balance, % of GDP
-1.02%
2024
+1.22%
2024
Goods imports
$45.3B
2024
$18.8B
2024
Goods exports
$48.8B
2024
$12.8B
2024
Service imports
$9.13B
2024
$3.48B
2024
Service exports
$4.22B
2024
$6.91B
2024
Imports of goods and services, % of GDP
20.3%
2024
22.5%
2024
Exports of goods and services, % of GDP
19.9%
2024
19.9%
2024

Economic freedom indices

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

Algeria Sri Lanka
Economic freedom 45.8 50.3
Economic freedom ranking 179/197 162/197
Property rights 27.7 47.3
Government integrity 29.4 37.3
Judicial effectiveness 30 47.2
Tax burden 80.3 77
Government spending 61.9 89
Fiscal health 15.4 0
Business freedom 59.3 60.1
Labor freedom 52.2 54.3
Monetary freedom 74.7 65.9
Trade freedom 58.8 65.6
Investment freedom 30 30
Financial freedom 30 30

Economic freedom comparison by year

Algeria
Sri Lanka
1x
Year Economic freedom index
Algeria Sri Lanka
2026 45.8 50.3
2025 47.5 49.4
2024 43.9 49.2
2023 43.2 52.2
2022 45.8 53.3
2021 49.7 55.7
2020 46.9 57.4
2019 46.2 56.4
2018 44.7 57.8
2017 46.5 57.4
2016 50.1 59.9
2015 48.9 58.6
2014 50.8 60
2013 49.6 60.7
2012 51 58.3
2011 52.4 57.1
2010 56.9 54.6
2009 56.6 56
2008 56.2 58.4
2007 55.4 59.4
2006 55.7 58.7
2005 53.2 61
2004 58.1 61.6
2003 57.7 62.5
2002 61 64
2001 57.3 66
2000 56.8 63.2
1999 57.2 64
1998 55.8 64.6
1997 54.9 65.5
1996 54.5 62.5
1995 55.7 60.6

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

GeoRank.org/economy/algeria/sri-lanka | CC BY

The Economic Freedom Index for Algeria is 45.8, ranking 179/197, compared to 50.3 for Sri Lanka, ranking 162/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Algeria Sri Lanka
Services, % of GDP
46.8%
2024
57.5%
2024
Industry, % of GDP
36.2%
2024
25.5%
2024
Agriculture, forestry, and fishing, % of GDP
14%
2024
8.3%
2024
GNI, Atlas method
$252B
2024
$84.6B
2024
GNI per capita, PPP
$17,290
2024
$15,240
2024
Total reserves including gold
$83B
2024
$6.09B
2024
Total reserves ranking
31/177
2024
92/177
2024
Net foreign direct investment
-$1.23B
2024
-$651M
2024
Net inflows of foreign direct investment
$1.23B
2024
$761M
2024
Net outflows of foreign direct investment
$265K
2024
$110M
2024
Servicing debt to the IMF, % of GNI
0.17%
2024
4.98%
2024
Poverty at national poverty lines
5.5%
2011
14.3%
2019
Gross capital formation, % of GDP
41.1%
2024
27%
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/sri-lanka | 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.