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Economy of Algeria vs Zambia compared: GDP & Debt

Updated on by Georank

Algeria has a GDP of $287B compared to $28.9B for Zambia, ranking 51/197 and 116/197 by economy size, respectively.

Algeria has $155B in government debt (54.1% of GDP), compared to $24.8B (86% of GDP) in Zambia.

Algeria vs Zambia GDP by year

Algeria
Zambia
1x
Year GDP, current $
Algeria Zambia
2025 $287,031,225,988 $28,879,806,220
2024 $269,322,281,665 $25,303,185,342
2023 $247,923,887,215 $27,577,956,471
2022 $225,581,644,703 $29,163,782,140
2021 $186,231,205,262 $22,096,416,932
2020 $164,873,415,325 $18,137,764,931
2019 $193,459,662,091 $23,308,667,781
2018 $194,554,483,656 $26,311,507,274
2017 $189,880,896,903 $25,873,601,261
2016 $180,763,839,522 $20,958,412,538
2015 $187,493,855,609 $21,251,216,799
2014 $238,942,664,193 $27,141,023,558
2013 $229,701,430,292 $28,037,239,463
2012 $227,143,746,076 $25,503,060,420
2011 $218,331,946,925 $23,459,515,276
2010 $177,785,053,940 $20,265,559,484
2009 $150,317,292,079 $15,328,342,304
2008 $180,383,848,331 $17,910,858,638
2007 $142,482,739,810 $14,056,957,976
2006 $123,084,258,693 $12,756,858,899
2005 $107,046,618,670 $8,331,870,169
2004 $91,913,680,985 $6,221,110,219
2003 $73,482,264,191 $4,901,869,764
2002 $61,516,103,406 $4,193,850,445
2001 $59,413,400,924 $4,094,441,301
2000 $54,790,398,570 $3,600,632,111
1999 $48,640,671,735 $3,404,284,891
1998 $48,187,781,984 $3,537,741,942
1997 $48,177,612,042 $4,303,288,480
1996 $46,941,554,225 $3,597,220,962
1995 $41,764,291,672 $3,806,983,413
1994 $42,543,176,829 $3,656,806,166
1993 $49,945,584,453 $3,273,505,344
1992 $48,003,133,347 $3,182,810,841
1991 $45,715,676,428 $3,376,806,697
1990 $62,048,507,531 $3,288,381,797
1989 $55,634,721,573 $3,994,673,161
1988 $59,089,396,860 $3,728,878,149
1987 $66,745,818,375 $2,265,250,972
1986 $63,692,007,897 $1,664,413,508
1985 $57,937,868,670 $2,252,454,500
1984 $53,698,548,293 $2,719,518,933
1983 $48,801,369,800 $3,321,048,451
1982 $45,207,167,470 $3,871,117,093
1981 $44,348,590,461 $4,008,126,497
1980 $42,345,829,079 $3,884,530,854
1979 $33,243,706,860 $3,353,445,378
1978 $26,364,491,313 $2,811,032,473
1977 $20,972,113,685 $2,515,296,940
1976 $17,728,240,932 $2,742,859,263
1975 $15,557,902,754 $2,442,672,141
1974 $13,209,871,626 $2,910,981,262
1973 $8,707,858,912 $2,434,255,237
1972 $6,766,743,957 $1,872,416,680
1971 $5,077,183,094 $1,653,259,341
1970 $4,863,526,897 $1,788,779,285
1969 $4,257,253,264 $1,926,399,230
1968 $3,852,147,027 $1,573,739,371
1967 $3,370,870,376 $1,340,639,464
1966 $3,039,859,187 $1,238,999,505
1965 $3,136,284,307 $1,061,199,576
1964 $2,909,316,435 $822,639,671
1963 $2,702,982,018 $704,339,719
1962 $2,001,444,544 $679,279,729
1961 $2,434,747,056 $682,359,727
1960 $2,723,615,451 $698,739,721

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

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

GDP per capita in Algeria vs Zambia by year

Algeria
GDP per capita

GDP per capita, PPP
Zambia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Algeria Zambia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $6,051 - $1,318 -
2024 $5,753 $17,621 $1,187 $4,215
2023 $5,370 $16,824 $1,331 $4,077
2022 $4,960 $15,836 $1,447 $3,841
2021 $4,161 $14,497 $1,127 $3,503
2020 $3,744 $12,677 $952 $3,157
2019 $4,468 $13,893 $1,259 $3,361
2018 $4,577 $13,727 $1,464 $3,442
2017 $4,555 $13,494 $1,483 $3,392
2016 $4,425 $13,438 $1,239 $3,313
2015 $4,685 $13,807 $1,296 $3,337
2014 $6,095 $14,694 $1,707 $3,441
2013 $5,980 $14,371 $1,821 $3,477
2012 $6,034 $14,441 $1,710 $3,324
2011 $5,916 $14,640 $1,625 $3,228
2010 $4,913 $14,201 $1,451 $3,098
2009 $4,235 $13,651 $1,136 $2,872
2008 $5,181 $13,666 $1,376 $2,708
2007 $4,167 $13,321 $1,119 $2,555
2006 $3,661 $12,791 $1,052 $2,378
2005 $3,233 $12,246 $711 $2,213
2004 $2,817 $11,432 $549 $2,068
2003 $2,284 $10,803 $446 $1,942
2002 $1,937 $10,080 $394 $1,837
2001 $1,896 $9,544 $397 $1,785
2000 $1,773 $9,187 $359 $1,709
1999 $1,596 $8,776 $350 $1,654
1998 $1,603 $8,503 $373 $1,601
1997 $1,629 $8,129 $466 $1,631
1996 $1,617 $8,053 $400 $1,585
1995 $1,467 $7,747 $433 $1,501
1994 $1,526 $7,463 $426 $1,464
1993 $1,831 $7,538 $391 $1,607
1992 $1,803 $7,705 $389 $1,505
1991 $1,759 $7,582 $423 $1,534
1990 $2,445 $7,602 $422 $1,522
1989 $2,247 - $526 -
1988 $2,451 - $504 -
1987 $2,847 - $315 -
1986 $2,800 - $238.2 -
1985 $2,633 - $332 -
1984 $2,524 - $413 -
1983 $2,374 - $520 -
1982 $2,275 - $627 -
1981 $2,307 - $670 -
1980 $2,276 - $669 -
1979 $1,843 - $595 -
1978 $1,506 - $514 -
1977 $1,232 - $474 -
1976 $1,080 - $533 -
1975 $992 - $490 -
1974 $873 - $601 -
1973 $590 - $518 -
1972 $469 - $410 -
1971 $360 - $372 -
1970 $353 - $414 -
1969 $316 - $459 -
1968 $292.4 - $387 -
1967 $261.8 - $341 -
1966 $241.4 - $325 -
1965 $253.6 - $287.4 -
1964 $238.9 - $230 -
1963 $225.6 - $203.2 -
1962 $169.6 - $202.3 -
1961 $209.4 - $209.7 -
1960 $238.4 - $221.6 -

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

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

Algeria's GDP per capita is $6,051, ranking 114/197, compared to $1,318 in Zambia, ranking 170/197. Adjusted for purchasing power (GDP per capita PPP), Algeria ranks 105th at $17,621, while Zambia ranks 166th at $4,215.

Economic indicators

Algeria Zambia
Gross domestic product
$287B
2025
$28.9B
2025
GDP rank
51/197
2025
116/197
2025
GDP growth
3.82%
2024-2025
3.76%
2024-2025
GDP per capita
$6,051
2025
$1,318
2025
GDP per capita rank
114/197
2025
170/197
2025
GDP per capita, PPP
$17,621
2024
$4,215
2024
GDP per capita PPP rank
105/197
2024
166/197
2024
Government debt
$155B
2025
$24.8B
2025
Debt-to-GDP ratio
54.1%
2025
86%
2025
Government debt per person
$3,274
2025
$1,133
2025
Government debt per person rank
100/185
2025
140/185
2025
Average annual personal income after taxes
$3,755
2026
$1,538
2026
Market capitalization of domestic companies
$371M
2018
$14.9B
2025
Number of billionaires
1
2026
n/a
Income share by richest 10%
22.9%
2011
39.1%
2022
Income share by poorest 10%
4%
2011
1.5%
2022
Government expenditure, % of GDP
36.2%
2025
29.7%
2025
Consumer prices inflation
1.42%
2024-2025
13.9%
2024-2025
Central bank interest rate
3%
2020
13.3%
2026
Unemployment rate
11.7%
2017
5.67%
2024
Population
48345858
22844606

Spending and national debt comparison by year

Algeria
Spending

Debt
Zambia
Spending

Debt
1x
Year % of GDP
Algeria Zambia
Government spending Government debt Government spending Government debt
2025 36.2% 54.1% 29.7% 86%
2024 36.8% 48.1% 26.5% 125.2%
2023 37.4% 47.7% 27.4% 129.1%
2022 32.7% 48.1% 28.2% 99.5%
2021 32.5% 55.1% 30.5% 111%
2020 37.5% 46% 34% 140%
2019 37.1% 40.9% 29.8% 103.3%
2018 36.2% 34.5% 27.7% 81.2%
2017 36.2% 24% 25% 66.6%
2016 37.2% 18.1% 23.9% 61.2%
2015 40.9% 7.73% 27.6% 61.9%
2014 36.9% 6.85% 24.3% 33.9%
2013 33.5% 6.48% 24% 25.9%
2012 40% 8.58% 21.9% 24.9%
2011 37.7% 8.48% 19.5% 20.8%
2010 35.1% 9.51% 18.1% 18.9%
2009 40.1% 8.92% 17.8% 20.5%
2008 37.3% 7.64% 19.5% 19.2%
2007 33.1% 12.8% 19.9% 21.9%
2006 27.8% 22.5% 19.7% 25%
2005 27.8% 25.4% 22.5% 75.7%
2004 27.1% 32.7% 23.3% 129.9%
2003 27% 38.2% 27.3% 159.5%
2002 32.5% 47.3% 27.6% 180.2%
2001 29.1% 50% 28% 210.2%
2000 26.4% 53.4% 21.4% 261%
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/zambia | CC BY

In 2025, Algeria's government spending was $104B, accounting for 36.2% of its GDP, while Zambia spent $8.58B, or 29.7% of GDP.

Debt-to-GDP ratio is 54.1% in Algeria and 86% in Zambia, ranking 94/185 and 35/185, respectively.

Government deficit by year

Deficit/surplus
Algeria

Zambia
1x
Year Deficit/surplus, % of GDP
Algeria Zambia
2025 -10.2% -3.83%
2024 -13.8% -3.46%
2023 -5.52% -5.48%
2022 -2.96% -7.82%
2021 -6.32% -8.13%
2020 -10.5% -13.8%
2019 -8.51% -9.41%
2018 -6.15% -8.31%
2017 -7.55% -7.5%
2016 -11.8% -5.69%
2015 -13.9% -8.88%
2014 -7.14% -5.43%
2013 -0.79% -6.4%
2012 -4.04% -3.16%
2011 -1.06% -1.78%
2010 -1.35% -2.43%
2009 -6.53% -2.06%
2008 7.79% -0.67%
2007 4.63% -1.04%
2006 12.9% 16.9%
2005 11.4% -2.37%
2004 6.36% -2.51%
2003 7.22% -5.31%
2002 0.21% -4.5%
2001 3.15% -5.89%
2000 8.91% 1.16%
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/zambia | 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 Zambia's deficit of $1.11B, or 3.83% of GDP.

Over the past 26 years, Algeria recorded a fiscal deficit in 17 of those years, while Zambia ran a deficit in 24 years. On average, Algeria posted an annual deficit equal to 2.14% of GDP, compared to deficit of 4.14% of GDP for Zambia.

Inflation comparison by year

Inflation
Algeria

Zambia
1x
Year Consumer prices inflation
Algeria Zambia
2025 1.42% 13.9%
2024 4.05% 15%
2023 9.32% 10.9%
2022 9.27% 11%
2021 7.23% 22%
2020 2.42% 15.7%
2019 1.95% 9.2%
2018 4.27% 7.5%
2017 5.59% 6.6%
2016 6.4% 17.9%
2015 4.78% 10.1%
2014 2.92% 7.8%
2013 3.25% 7%
2012 8.89% 6.6%
2011 4.52% 8.7%
2010 3.91% 8.5%
2009 5.74% 13.4%
2008 4.86% 12.4%
2007 3.68% 10.7%
2006 2.31% 9%
2005 1.38% 18.3%
2004 3.96% 18%
2003 4.27% 21.4%
2002 1.42% 22.2%
2001 4.23% 21.4%
2000 0.34% 24.1%
1999 2.65% 23.9%
1998 4.95% 22.7%
1997 5.73% 21.4%

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/zambia | CC BY

Over the past 29 years, Algeria has recorded an average annual inflation rate of 4.33%, compared with 14.4% in Zambia. In 2025, inflation was 1.42% in Algeria and 13.9% in Zambia.

Top exports between countries

Algeria
Export category Export value
Zambia
Export category Export value
Processed food, beverages & tobacco $570K
Metals $292K
Raw agricultural goods $204K
Miscellaneous $1K

Balance of trade

Algeria Zambia
Current account balance
-$2.75B
2024
-$1.12B
2024
Current account balance ranking
151/190
2024
121/190
2024
Current account balance, % of GDP
-1.02%
2024
-4.41%
2024
Goods imports
$45.3B
2024
$10.1B
2024
Goods exports
$48.8B
2024
$11.4B
2024
Service imports
$9.13B
2024
$1.99B
2024
Service exports
$4.22B
2024
$1.38B
2024
Imports of goods and services, % of GDP
22.1%
2025
27.6%
2024
Exports of goods and services, % of GDP
16.8%
2025
35%
2024

Economic freedom indices

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

Algeria Zambia
Economic freedom 45.8 51.9
Economic freedom ranking 179/197 152/197
Property rights 27.7 43.9
Government integrity 29.4 39.3
Judicial effectiveness 30 45
Tax burden 80.3 74.3
Government spending 61.9 78.1
Fiscal health 15.4 30.9
Business freedom 59.3 53.4
Labor freedom 52.2 48.8
Monetary freedom 74.7 66.6
Trade freedom 58.8 62.8
Investment freedom 30 40
Financial freedom 30 40

Economic freedom comparison by year

Algeria
Zambia
1x
Year Economic freedom index
Algeria Zambia
2026 45.8 51.9
2025 47.5 50.9
2024 43.9 48.4
2023 43.2 47.8
2022 45.8 48.7
2021 49.7 50.4
2020 46.9 53.5
2019 46.2 53.6
2018 44.7 54.3
2017 46.5 55.8
2016 50.1 58.8
2015 48.9 58.7
2014 50.8 60.4
2013 49.6 58.7
2012 51 58.3
2011 52.4 59.7
2010 56.9 58
2009 56.6 56.6
2008 56.2 56.2
2007 55.4 56.2
2006 55.7 56.8
2005 53.2 55
2004 58.1 54.9
2003 57.7 55.3
2002 61 59.6
2001 57.3 59.5
2000 56.8 62.8
1999 57.2 64.2
1998 55.8 62.7
1997 54.9 62.1
1996 54.5 59.6
1995 55.7 55.1

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

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

The Economic Freedom Index for Algeria is 45.8, ranking 179/197, compared to 51.9 for Zambia, ranking 152/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Algeria Zambia
Services, % of GDP
45.7%
2025
57%
2025
Industry, % of GDP
34.8%
2025
35.3%
2025
Agriculture, forestry, and fishing, % of GDP
14.5%
2025
4.11%
2025
GNI, Atlas method
$278B
2025
$26.2B
2025
GNI per capita, PPP
$18,240
2025
$3,990
2025
Total reserves including gold
$72.5B
2025
$4.09B
2024
Total reserves ranking
38/177
2025
111/177
2024
Net foreign direct investment
-$1.23B
2024
-$2.05B
2024
Net inflows of foreign direct investment
$1.23B
2024
$2.36B
2024
Net outflows of foreign direct investment
$265K
2024
$311M
2024
Servicing debt to the IMF, % of GNI
0.17%
2024
17.3%
2024
Poverty at national poverty lines
5.5%
2011
60%
2022
Gross capital formation, % of GDP
45.3%
2025
23.8%
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/zambia | 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 (2021–2025, 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.