Every finite set of natural numbers is realizable as algebraic periods of a Morse$\unicode{x2013}$Smale diffeomorphism
A given self-map $f\colon M\to M$ of a compact manifold determines the sequence $(L(f^n))$ of the Lefschetz numbers of its iterations. We consider its dual sequence $(a_n(f))$ given by the M\"obius inversion formula. The set ${\mathcal AP}(f)=\{ n\in \mathbb N\ \colon\ a_n(f)\neq 0\}$ is called the set of algebraic periods. We solve an open problem existing in literature by showing that for every finite subset ${\mathcal A}$ of natural numbers there exist an orientable surface $S_{\rm g}$, as well as a non-orientable surface $N_{\rm g}$, of genus ${\rm g}$, and a Morse$\unicode{x2013}$Smale diffeomorphism $f$ of this surface such that $\mathcal{AP}(f)=\mathcal{A}$. For such a map it implies the existence of points of a minimal period $n$ for each odd $n \in \mathcal{A}$. For the orientation-reversing Morse$\unicode{x2013}$Smale diffeomorphisms of $S_{\rm g}$, we identify strong restrictions on ${\mathcal AP}(f)$. Our method also provides an estimate of the number of conjugacy classes of mapping classes containing Morse$\unicode{x2013}$Smale diffeomorphisms, which is exponential in ${\rm g}$.