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Economy of Algeria vs Tunisia compared: GDP & Debt

Updated on by Georank team

Algeria has a GDP of $269B compared to $51.3B for Tunisia, ranking 51/197 and 93/197 by economy size, respectively.

Algeria has $129B in government debt (48.1% of GDP), compared to $42.8B (83.4% of GDP) in Tunisia.

Algeria vs Tunisia GDP by year

Algeria
Tunisia
1x
Year GDP, current $
Algeria Tunisia
2024 $269,322,281,665 $51,332,285,657
2023 $247,923,887,215 $48,205,328,303
2022 $225,581,644,703 $44,929,920,093
2021 $186,231,205,262 $47,073,234,359
2020 $164,873,415,325 $42,491,780,918
2019 $193,459,662,091 $41,905,642,419
2018 $194,554,483,656 $42,686,504,460
2017 $189,880,896,903 $42,163,530,591
2016 $180,763,839,522 $44,360,072,680
2015 $187,493,855,609 $45,779,494,042
2014 $238,942,664,193 $50,271,812,921
2013 $229,701,430,292 $48,685,446,414
2012 $227,143,746,076 $47,311,401,813
2011 $218,331,946,925 $48,123,325,825
2010 $177,785,053,940 $46,206,091,938
2009 $150,317,292,079 $43,455,740,497
2008 $180,383,848,331 $44,859,439,902
2007 $142,482,739,810 $38,915,353,867
2006 $123,084,258,693 $34,376,664,601
2005 $107,046,618,670 $32,272,186,695
2004 $91,913,680,985 $31,183,885,241
2003 $73,482,264,191 $27,453,902,261
2002 $61,516,103,406 $23,141,616,605
2001 $59,413,400,924 $22,065,832,449
2000 $54,790,398,570 $21,473,528,161
1999 $48,640,671,735 $22,943,202,175
1998 $48,187,781,984 $21,802,893,587
1997 $48,177,612,042 $20,746,210,354
1996 $46,941,554,225 $19,587,161,807
1995 $41,764,291,672 $18,030,876,599
1994 $42,543,176,829 $15,633,174,304
1993 $49,945,584,453 $14,608,335,608
1992 $48,003,133,347 $15,496,708,060
1991 $45,715,676,428 $13,074,782,609
1990 $62,048,507,531 $12,290,568,182
1989 $55,634,721,573 $10,101,851,745
1988 $59,089,396,860 $10,096,245,762
1987 $66,745,818,375 $9,696,715,911
1986 $63,692,007,897 $9,017,806,654
1985 $57,937,868,670 $8,410,226,053
1984 $53,698,548,293 $8,254,541,195
1983 $48,801,369,800 $8,350,582,748
1982 $45,207,167,470 $8,133,580,052
1981 $44,348,590,461 $8,428,445,294
1980 $42,345,829,079 $8,744,134,354
1979 $33,243,706,860 $7,188,863,904
1978 $26,364,491,313 $5,968,460,080
1977 $20,972,113,685 $5,109,324,009
1976 $17,728,240,932 $4,508,191,942
1975 $15,557,902,754 $4,328,965,588
1974 $13,209,871,626 $3,545,868,575
1973 $8,707,858,912 $2,730,813,385
1972 $6,766,743,957 $2,237,556,149
1971 $5,077,183,094 $1,685,162,272
1970 $4,863,526,897 $1,439,238,095
1969 $4,257,253,264 $1,289,904,762
1968 $3,852,147,027 $1,214,666,667
1967 $3,370,870,376 $1,085,714,286
1966 $3,039,859,187 $1,040,952,381
1965 $3,136,284,307 $991,047,619
1964 $2,909,316,435 $1,025,866,792
1963 $2,702,982,018 $1,026,737,600
1962 $2,001,444,544 $880,027,733
1961 $2,434,747,056 $866,155,429
1960 $2,723,615,451 -

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

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

GDP per capita in Algeria vs Tunisia by year

Algeria
GDP per capita

GDP per capita, PPP
Tunisia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Algeria Tunisia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $5,753 $17,621 $4,181 $14,521
2023 $5,370 $16,824 $3,951 $14,041
2022 $4,960 $15,836 $3,707 $13,619
2021 $4,161 $14,497 $3,907 $12,444
2020 $3,744 $12,677 $3,549 $11,918
2019 $4,468 $13,893 $3,529 $12,495
2018 $4,577 $13,727 $3,628 $11,841
2017 $4,555 $13,494 $3,619 $11,289
2016 $4,425 $13,438 $3,848 $10,994
2015 $4,685 $13,807 $4,015 $10,783
2014 $6,095 $14,694 $4,459 $10,947
2013 $5,980 $14,371 $4,370 $10,672
2012 $6,034 $14,441 $4,297 $10,615
2011 $5,916 $14,640 $4,421 $10,436
2010 $4,913 $14,201 $4,292 $10,555
2009 $4,235 $13,651 $4,080 $10,237
2008 $5,181 $13,666 $4,255 $9,975
2007 $4,167 $13,321 $3,727 $9,479
2006 $3,661 $12,791 $3,323 $8,729
2005 $3,233 $12,246 $3,147 $8,117
2004 $2,817 $11,432 $3,067 $7,672
2003 $2,284 $10,803 $2,726 $7,098
2002 $1,937 $10,080 $2,321 $6,715
2001 $1,896 $9,544 $2,236 $6,593
2000 $1,773 $9,187 $2,199 $6,279
1999 $1,596 $8,776 $2,376 $5,930
1998 $1,603 $8,503 $2,285 $5,579
1997 $1,629 $8,129 $2,202 $5,333
1996 $1,617 $8,053 $2,107 $5,040
1995 $1,467 $7,747 $1,968 $4,686
1994 $1,526 $7,463 $1,733 $4,555
1993 $1,831 $7,538 $1,649 $4,401
1992 $1,803 $7,705 $1,785 $4,292
1991 $1,759 $7,582 $1,538 $3,975
1990 $2,445 $7,602 $1,476 $3,780
1989 $2,247 - $1,239 -
1988 $2,451 - $1,266 -
1987 $2,847 - $1,245 -
1986 $2,800 - $1,187 -
1985 $2,633 - $1,135 -
1984 $2,524 - $1,143 -
1983 $2,374 - $1,184 -
1982 $2,275 - $1,177 -
1981 $2,307 - $1,247 -
1980 $2,276 - $1,324 -
1979 $1,843 - $1,113 -
1978 $1,506 - $946 -
1977 $1,232 - $830 -
1976 $1,080 - $752 -
1975 $992 - $741 -
1974 $873 - $624 -
1973 $590 - $493 -
1972 $469 - $415 -
1971 $360 - $320 -
1970 $353 - $280.5 -
1969 $316 - $257.7 -
1968 $292.4 - $248.9 -
1967 $261.8 - $228 -
1966 $241.4 - $223.8 -
1965 $253.6 - $217.3 -
1964 $238.9 - $228.5 -
1963 $225.6 - $231.9 -
1962 $169.6 - $201.4 -
1961 $209.4 - $200.7 -
1960 $238.4 - - -

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

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

Algeria's GDP per capita is $5,753, ranking 114/197, compared to $4,181 in Tunisia, ranking 129/197. Adjusted for purchasing power (GDP per capita PPP), Algeria ranks 105th at $17,621, while Tunisia ranks 114th at $14,521.

Economic indicators

Algeria Tunisia
Gross domestic product
$269B
2024
$51.3B
2024
GDP rank
51/197
2024
93/197
2024
GDP growth
3.7%
2023-2024
1.61%
2023-2024
GDP per capita
$5,753
2024
$4,181
2024
GDP per capita rank
114/197
2024
129/197
2024
GDP per capita, PPP
$17,621
2024
$14,521
2024
GDP per capita PPP rank
105/197
2024
114/197
2024
Government debt
$129B
2024
$42.8B
2024
Debt-to-GDP ratio
48.1%
2024
83.4%
2024
Government debt per person
$2,765
2024
$3,487
2024
Government debt per person rank
106/185
2024
94/185
2024
Average annual personal income after taxes
$3,787
2026
$3,951
2026
Market capitalization of domestic companies
$371M
2018
$8.3B
2024
Number of billionaires
1
2025
n/a
Income share by richest 10%
22.9%
2011
27%
2021
Income share by poorest 10%
4%
2011
3.1%
2021
Government expenditure, % of GDP
36.8%
2024
33.8%
2024
Consumer prices inflation
4.05%
2023-2024
7%
2023-2024
Central bank interest rate
3%
2020
7.5%
2025
Unemployment rate
12%
2017
15.1%
2023
Population
48222325
12437803

Spending and national debt comparison by year

Algeria
Spending

Debt
Tunisia
Spending

Debt
1x
Year % of GDP
Algeria Tunisia
Government spending Government debt Government spending Government debt
2024 36.8% 48.1% 33.8% 83.4%
2023 37.4% 47.7% 35.7% 84%
2022 32.7% 48.1% 36.5% 83%
2021 32.5% 55.1% 33.2% 79.7%
2020 37.5% 46% 34.5% 77.7%
2019 37.1% 40.9% 29.5% 67.3%
2018 36.2% 34.5% 28.7% 72.9%
2017 36.2% 24% 28.7% 67.1%
2016 37.2% 18.1% 27.2% 58.9%
2015 40.9% 7.73% 27.4% 52.4%
2014 36.9% 6.85% 27.7% 50.7%
2013 33.5% 6.48% 30.8% 45.6%
2012 40% 8.58% 28.3% 49%
2011 37.7% 8.48% 27.9% 43.3%
2010 35.1% 9.51% 24% 38.8%
2009 40.1% 8.92% 24.6% 40.3%
2008 37.3% 7.64% 23.7% 41.4%
2007 33.1% 12.8% 23.3% 42.7%
2006 27.8% 22.5% 22.9% 45.7%
2005 27.8% 25.4% 23% 50%
2004 27.1% 32.7% 23% 51.6%
2003 27% 38.2% 23.5% 52.6%
2002 32.5% 47.3% 24.1% 51.6%
2001 29.1% 50% 24% 52.2%
2000 26.4% 53.4% 24% 62.9%
1999 29.4% 69.7% 24% 61.9%
1998 28.7% 79.9% 24.2% 58.2%
1997 28.5% 79.6% 24.5% 66.6%
1996 26.9% 90.7% 26.7% 66.8%
1995 28.9% 95.9% 26.6% 65.6%
1994 30.9% 106.3% 25.9% 63.9%
1993 32.6% 76.8% 26.7% 63.8%
1992 28.2% 69.3% 25.7% 62.1%
1991 27.6% 86.1% 27.6% 63.3%
1990 23.3% 63.6% - -

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/tunisia | CC BY

In 2024, Algeria's government spending was $99.1B, accounting for 36.8% of its GDP, while Tunisia spent $17.4B, or 33.8% of GDP.

Debt-to-GDP ratio is 48.1% in Algeria and 83.4% in Tunisia, ranking 113/185 and 40/185, respectively.

Government deficit by year

Deficit/surplus
Algeria

Tunisia
1x
Year Deficit/surplus, % of GDP
Algeria Tunisia
2024 -13.8% -5.92%
2023 -5.52% -7.03%
2022 -2.96% -6.91%
2021 -6.32% -7.6%
2020 -10.5% -9.06%
2019 -8.51% -3.6%
2018 -6.15% -4.27%
2017 -7.55% -5.61%
2016 -11.8% -5.87%
2015 -13.9% -4.95%
2014 -7.14% -3.11%
2013 -0.79% -7.05%
2012 -4.04% -4.9%
2011 -1.06% -3.19%
2010 -1.35% -0.46%
2009 -6.53% -2.59%
2008 7.79% -0.62%
2007 4.63% -2.47%
2006 12.9% -2.33%
2005 11.4% -2.59%
2004 6.36% -2.1%
2003 7.22% -2.64%
2002 0.21% -2.55%
2001 3.15% -2.87%
2000 8.91% -3.22%
1999 -1.83% -3.05%
1998 -3.52% -2.84%
1997 2.19% -3.7%
1996 2.7% -5.18%
1995 -1.3% -4.53%
1994 -4.05% -2.87%
1993 -7.79% -3.22%
1992 -1.05% -3.45%
1991 1.53% -5.25%
1990 3.35% -

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

GeoRank.org/economy/algeria/tunisia | 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 Tunisia's deficit of $3.04B, or 5.92% of GDP.

Over the past 34 years, Algeria recorded a fiscal deficit in 22 of those years, while Tunisia ran a deficit in 34 years. On average, Algeria posted an annual deficit equal to 1.72% of GDP, compared to deficit of 4.05% of GDP for Tunisia.

Inflation comparison by year

Inflation
Algeria

Tunisia
1x
Year Consumer prices inflation
Algeria Tunisia
2024 4.05% 7%
2023 9.32% 9.3%
2022 9.27% 8.3%
2021 7.23% 5.7%
2020 2.42% 5.6%
2019 1.95% 6.7%
2018 4.27% 7.3%
2017 5.59% 5.3%
2016 6.4% 3.6%
2015 4.78% 4.4%
2014 2.92% 4.6%
2013 3.25% 5.3%
2012 8.89% 4.6%
2011 4.52% 3.2%
2010 3.91% 4.4%
2009 5.74% 3.5%
2008 4.86% 4.9%
2007 3.68% 3.4%
2006 2.31% 4.1%
2005 1.38% 2%
2004 3.96% 3.7%
2003 4.27% 2.7%
2002 1.42% 2.7%
2001 4.23% 1.9%
2000 0.34% 2.8%
1999 2.65% 2.8%
1998 4.95% 3.1%
1997 5.73% 3.6%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Algeria has recorded an average annual inflation rate of 4.44%, compared with 4.52% in Tunisia. In 2024, inflation was 4.05% in Algeria and 7% in Tunisia.

Top exports between countries

Algeria
Export category Export value
Raw materials & minerals $710M
Textiles & consumer goods $9.87M
Machinery & equipment $9.79M
Processed food, beverages & tobacco $8.32M
Chemicals & pharma $6.9M
Wood & paper products $4.99M
Miscellaneous $1.41M
Metals $1.02M
Raw agricultural goods $811K
Animal & marine products $508K
Tunisia
Export category Export value
Machinery & equipment $123M
Raw materials & minerals $65.5M
Metals $62.1M
Chemicals & pharma $60.9M
Textiles & consumer goods $42.5M
Wood & paper products $20.5M
Processed food, beverages & tobacco $13.7M
Raw agricultural goods $5.2M
Animal & marine products $4.52M
Miscellaneous $268K

Balance of trade

Algeria Tunisia
Current account balance
-$2.75B
2024
-$775M
2024
Current account balance ranking
154/190
2024
117/190
2024
Current account balance, % of GDP
-1.02%
2024
-1.51%
2024
Goods imports
$45.3B
2024
$18.7B
2024
Goods exports
$48.8B
2024
$8.95B
2024
Service imports
$9.13B
2024
$3.92B
2024
Service exports
$4.22B
2024
$11.2B
2024
Imports of goods and services, % of GDP
20.3%
2024
56.3%
2024
Exports of goods and services, % of GDP
19.9%
2024
50%
2024

Economic freedom indices

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

Algeria Tunisia
Economic freedom 45.8 48.1
Economic freedom ranking 179/197 172/197
Property rights 27.7 55.7
Government integrity 29.4 42.1
Judicial effectiveness 30 39.7
Tax burden 80.3 68.5
Government spending 61.9 62.5
Fiscal health 15.4 16
Business freedom 59.3 59.4
Labor freedom 52.2 55.8
Monetary freedom 74.7 72.4
Trade freedom 58.8 54.6
Investment freedom 30 20
Financial freedom 30 30

Economic freedom comparison by year

Algeria
Tunisia
1x
Year Economic freedom index
Algeria Tunisia
2026 45.8 48.1
2025 47.5 49.1
2024 43.9 48.8
2023 43.2 52.9
2022 45.8 54.2
2021 49.7 56.6
2020 46.9 55.8
2019 46.2 55.4
2018 44.7 58.9
2017 46.5 55.7
2016 50.1 57.6
2015 48.9 57.7
2014 50.8 57.3
2013 49.6 57
2012 51 58.6
2011 52.4 58.5
2010 56.9 58.9
2009 56.6 58
2008 56.2 60.1
2007 55.4 60.3
2006 55.7 57.5
2005 53.2 55.4
2004 58.1 58.4
2003 57.7 58.1
2002 61 60.2
2001 57.3 60.8
2000 56.8 61.3
1999 57.2 61.1
1998 55.8 63.9
1997 54.9 63.8
1996 54.5 63.9
1995 55.7 63.4

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

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

The Economic Freedom Index for Algeria is 45.8, ranking 179/197, compared to 48.1 for Tunisia, ranking 172/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Algeria Tunisia
Services, % of GDP
46.8%
2024
62.6%
2024
Industry, % of GDP
36.2%
2024
22.6%
2024
Agriculture, forestry, and fishing, % of GDP
14%
2024
9.74%
2024
GNI, Atlas method
$252B
2024
$47.7B
2024
GNI per capita, PPP
$17,290
2024
$14,230
2024
Total reserves including gold
$83B
2024
$9.34B
2024
Total reserves ranking
31/177
2024
80/177
2024
Net foreign direct investment
-$1.23B
2024
-$725M
2024
Net inflows of foreign direct investment
$1.23B
2024
$760M
2024
Net outflows of foreign direct investment
$265K
2024
$34.6M
2024
Servicing debt to the IMF, % of GNI
0.17%
2024
10.9%
2024
Poverty at national poverty lines
5.5%
2011
16.6%
2021
Gross capital formation, % of GDP
41.1%
2024
7.86%
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/tunisia | 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 (2017–2023, 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.