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Economy of Afghanistan vs Angola compared: GDP & Debt

Updated on by Georank team

Afghanistan has a GDP of $17.2B compared to $80.4B for Angola, ranking 137/197 and 81/197 by economy size, respectively.

Afghanistan has $1.42B in government debt (8.25% of GDP), compared to $50.2B (64.5% of GDP) in Angola.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Afghanistan
GDP, current $

GDP, constant 2015 $
Angola
GDP, current $

GDP, constant 2015 $
Year GDP
Afghanistan Angola
Current $ Constant $ Current $ Constant $
1980 - - $5,930,503,401 $23,063,262,074
1981 - - $5,550,483,036 $22,048,478,262
1982 - - $5,550,483,036 $22,048,478,262
1983 - - $5,784,341,596 $22,974,514,664
1984 - - $6,131,475,065 $24,352,986,041
1985 - - $7,554,065,410 $25,205,340,428
1986 - - $7,072,536,109 $25,936,295,740
1987 - - $8,084,412,414 $26,995,209,500
1988 - - $8,769,836,769 $28,649,716,325
1989 - - $10,201,780,977 $28,661,640,755
1990 - - $11,229,515,599 $27,672,785,865
1991 - - $10,603,784,541 $27,947,122,601
1992 - - $8,307,810,974 $26,315,491,127
1993 - - $5,768,720,422 $20,004,137,038
1994 - - $4,438,321,017 $20,272,065,135
1995 - - $5,538,749,260 $23,312,874,912
1996 - - $7,526,421,519 $26,470,456,890
1997 - - $7,648,380,196 $28,395,991,341
1998 - - $6,506,221,616 $29,728,088,881
1999 - - $6,152,923,310 $30,376,604,084
2000 $3,521,418,060 $6,206,547,590 $9,129,594,970 $31,304,495,194
2001 $2,813,571,754 $5,621,147,631 $8,936,079,118 $32,621,161,810
2002 $3,825,701,439 $7,228,795,919 $15,285,592,370 $37,079,068,253
2003 $4,520,946,819 $7,867,263,256 $17,812,704,586 $38,187,732,393
2004 $5,224,896,719 $7,978,515,642 $23,552,057,679 $42,369,289,093
2005 $6,203,256,539 $8,874,480,196 $36,970,900,884 $48,737,393,240
2006 $6,971,758,282 $9,349,921,886 $52,381,025,141 $54,366,562,158
2007 $9,747,886,187 $10,642,671,963 $65,266,415,494 $61,983,317,521
2008 $10,109,297,048 $11,060,395,116 $88,538,665,085 $68,906,854,084
2009 $12,416,152,732 $13,426,272,073 $70,307,196,182 $69,499,453,031
2010 $15,856,668,556 $15,354,612,542 $83,799,474,070 $72,556,300,250
2011 $17,805,098,206 $15,420,077,666 $111,789,747,671 $75,075,493,557
2012 $19,907,329,778 $17,386,490,239 $128,052,915,766 $81,488,522,604
2013 $20,146,416,758 $18,360,263,163 $132,339,109,040 $85,525,963,564
2014 $20,497,128,556 $18,860,496,494 $135,966,802,587 $89,650,503,848
2015 $19,134,221,645 $19,134,221,645 $90,496,420,507 $90,496,420,507
2016 $18,116,572,395 $19,566,715,174 $52,761,617,226 $88,161,567,931
2017 $18,753,456,498 $20,084,646,751 $73,690,154,991 $88,031,782,694
2018 $18,053,222,687 $20,323,499,020 $79,450,688,259 $86,872,966,033
2019 $18,799,444,490 $21,118,473,702 $70,897,962,732 $86,262,880,685
2020 $19,955,929,052 $20,621,957,125 $48,501,561,204 $81,399,194,251
2021 $14,259,995,441 $16,345,202,563 $66,505,129,988 $82,375,341,953
2022 $14,497,243,872 $15,325,233,810 $104,399,746,853 $84,883,445,838
2023 $17,152,234,637 $15,672,648,238 $84,875,162,197 $85,798,573,860
2024 - - $80,396,942,242 $89,594,220,855

Economic indicators

Afghanistan Angola
Gross domestic product
$17.2B
2023
$80.4B
2024
GDP rank
137/197
2023
81/197
2024
GDP growth
18.3%
2022-2023
-5.28%
2023-2024
GDP per capita
$414
2023
$2,122
2024
GDP per capita rank
196/197
2023
156/197
2024
GDP per capita, PPP
$2,202
2023
$8,348
2024
Government debt
$1.42B
2023
$50.2B
2024
Debt-to-GDP ratio
8.25%
2023
64.5%
2025
Government debt per person
$34.2
2023
$1,326
2024
Government debt per person rank
185/185
2023
135/185
2024
Average annual personal income after taxes
$1,632
2025
$33,074
2025
Income share by richest 10% n/a
39.6%
2018
Income share by poorest 10% n/a
1.3%
2018
Government expenditure, % of GDP
17%
2023
17.3%
2025
Consumer prices inflation
-4.3%
2023-2024
21.6%
2024-2025
Central bank interest rate
6%
2021
18%
2023
Unemployment rate
5.68%
2021
14.1%
2022
Population
44810409
39983997

GDP per capita in Afghanistan vs Angola

Afghanistan's GDP per capita is $414, ranking 196/197, compared to $2,122 in Angola, ranking 156/197. Adjusted for purchasing power (GDP per capita PPP), Afghanistan ranks 184th at $2,202, while Angola ranks 136th at $8,348.

Afghanistan
GDP per capita

GDP per capita, PPP
Angola
GDP per capita

GDP per capita, PPP
Year Current $
Afghanistan Angola
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1980 - - $729 -
1981 - - $658 -
1982 - - $634 -
1983 - - $637 -
1984 - - $650 -
1985 - - $772 -
1986 - - $698 -
1987 - - $770 -
1988 - - $807 -
1989 - - $908 -
1990 - - $966 $3,341
1991 - - $882 $3,373
1992 - - $669 $3,143
1993 - - $450 $2,369
1994 - - $335 $2,374
1995 - - $404 $2,696
1996 - - $531 $3,013
1997 - - $522 $3,178
1998 - - $429 $3,254
1999 - - $393 $3,263
2000 $174.9 $814 $564 $3,327
2001 $138.7 $748 $534 $3,428
2002 $179 $927 $882 $3,824
2003 $198.9 $967 $993 $3,879
2004 $221.8 $972 $1,266 $4,263
2005 $254.2 $1,076 $1,916 $4,876
2006 $274.2 $1,122 $2,617 $5,404
2007 $376 $1,287 $3,141 $6,096
2008 $382 $1,334 $4,103 $6,651
2009 $452 $1,571 $3,137 $6,498
2010 $561 $1,766 $3,597 $6,607
2011 $607 $1,744 $4,616 $6,711
2012 $651 $1,988 $5,086 $7,355
2013 $637 $2,133 $5,058 $7,561
2014 $625 $2,224 $5,006 $7,990
2015 $566 $2,284 $3,214 $7,120
2016 $522 $2,213 $1,808 $6,844
2017 $525 $2,336 $2,437 $6,993
2018 $491 $2,432 $2,539 $7,348
2019 $497 $2,583 $2,190 $7,528
2020 $511 $2,562 $1,450 $6,451
2021 $356 $2,144 $1,926 $7,408
2022 $357 $2,123 $2,930 $7,925
2023 $414 $2,202 $2,310 $8,047
2024 - - $2,122 $8,348

Spending and national debt comparison

In 2024, Afghanistan's government spending was $2.91B, accounting for 17% of its GDP, while Angola's spent $14.1B, or 17.3% of GDP.

Debt-to-GDP ratio is 8.25% in Afghanistan and 64.5% in Angola, ranking 181/185 and 67/185, respectively.

Afghanistan
Government spending

Government debt
Angola
Government spending

Government debt
Year % of GDP
Afghanistan Angola
Government spending Government debt Government spending Government debt
1996 - - 25.2% 92%
1997 - - 26.8% 73.5%
1998 - - 26.1% 96.3%
1999 - - 39.4% 104.8%
2000 - - 35.8% 118.2%
2001 - - 30.3% 100.2%
2002 6.94% 346% 27.6% 65.1%
2003 11.9% 270.6% 30.1% 50.8%
2004 15.1% 245% 26% 41.6%
2005 15.7% 206.4% 23.7% 29.9%
2006 18.3% 23% 27.3% 16.7%
2007 21.4% 20.1% 34.1% 18.8%
2008 20.9% 19.1% 47.2% 28.1%
2009 21.2% 16.2% 38.7% 48.4%
2010 20.8% 7.7% 34.6% 32.6%
2011 21.9% 7.5% 33.3% 26.3%
2012 25% 6.76% 33.2% 23.8%
2013 25% 6.9% 32.9% 29.5%
2014 25.4% 8.7% 32.3% 35.3%
2015 25.9% 9.15% 23.9% 50.4%
2016 28% 8.44% 19.4% 66.7%
2017 27.7% 8% 21% 60.5%
2018 28.9% 7.38% 18.3% 82.5%
2019 28% 6.14% 18.2% 101.4%
2020 27.9% 7.33% 20% 119.1%
2021 17.9% 11.1% 17.3% 74.3%
2022 16.1% 10.6% 19.5% 56.1%
2023 17% 8.25% 19.2% 71.4%
2024 - - 17.5% 62.5%
2025 - - 17.3% 64.5%

Government deficit by year

In 2023, Afghanistan's government deficit, the difference between spending and revenue, was -$234M, equivalent to -1.36% of GDP. This compares to Angola's deficit of -$1.59B, or -1.88% of GDP.

Over the past 22 years, Afghanistan recorded a fiscal deficit in 17 of those years, while Angola ran a deficit in 11 years. On average, Afghanistan posted an annual deficit equal to -0.97% of GDP, compared to surplus of +0.1% of GDP for Angola.

Deficit/surplus
Afghanistan

Angola
Year Deficit/surplus, % of GDP
Afghanistan Angola
1996 - 4.49%
1997 - -0.23%
1998 - -5.1%
1999 - -8.1%
2000 - 2.02%
2001 - 2.8%
2002 -0.1% -2.24%
2003 -2.1% -4.1%
2004 -2.39% 1.03%
2005 -0.92% 6.4%
2006 0.68% 8.42%
2007 -2.46% 3.85%
2008 -3.86% -3.8%
2009 -1.76% -6.8%
2010 0.93% 2.98%
2011 -0.67% 7.2%
2012 0.18% 3.68%
2013 -0.63% -0.27%
2014 -1.72% -5.07%
2015 -1.38% -2.57%
2016 0.13% -3.98%
2017 -0.67% -5.75%
2018 1.63% 2.03%
2019 -1.06% 0.69%
2020 -2.24% -1.66%
2021 -0.48% 3.4%
2022 -1% 0.58%
2023 -1.36% -1.88%
2024 - -1.02%
2025 - -2.31%

Inflation comparison by year

Over the past 22 years, Afghanistan has recorded an average annual inflation rate of 7%, compared with 22.2% in Angola. In 2024, inflation was -4.3% in Afghanistan and 21.6% in Angola.

Inflation
Afghanistan

Angola
Year Inflation
Afghanistan Angola Afghanistan Angola
1996 - 4,146%
1997 - 221.5%
1998 - 107.4%
1999 - 248.2%
2000 - 325%
2001 - 152.6%
2002 - 108.9%
2003 35.7% 98.2%
2004 16.4% 43.5%
2005 10.6% 23%
2006 6.8% 13.3%
2007 8.7% 12.2%
2008 26.4% 12.5%
2009 -6.8% 13.7%
2010 2.2% 14.5%
2011 11.8% 13.5%
2012 6.4% 10.3%
2013 7.4% 8.8%
2014 4.7% 7.3%
2015 -0.7% 9.2%
2016 4.4% 30.7%
2017 5% 29.8%
2018 0.6% 19.6%
2019 2.3% 17.1%
2020 5.6% 22.3%
2021 7.8% 25.8%
2022 10.6% 21.4%
2023 -7.7% 13.6%
2024 -4.3% 28.2%
2025 - 21.6%

Balance of trade

Afghanistan Angola
Current account balance
-$3.14B
2020
$6.31B
2024
Current account balance ranking
157/189
2020
30/189
2024
Current account balance, % of GDP
-15.7%
2020
+7.85%
2024
Goods imports
$5.88B
2020
$14.2B
2024
Goods exports
$777M
2020
$36.8B
2024
Service imports
$1.11B
2020
$8.49B
2024
Service exports
$700M
2020
$129M
2024
Imports of goods and services, % of GDP
50.7%
2023
24.4%
2024
Exports of goods and services, % of GDP
16.9%
2023
37.9%
2024

Economic freedom indices

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

Afghanistan Angola
Economic freedom 53 55
Economic freedom ranking 142/197 130/197
Property rights 7.4 39.9
Government integrity 14.1 28.2
Judicial effectiveness 2.7 25.7
Tax burden 91.1 86.9
Government spending 76.1 89.5
Fiscal health 99.9 89.1
Business freedom 34.6 45.2
Labor freedom 45.1 50.8
Monetary freedom 80.8 64.2
Trade freedom 68.6 70.4
Investment freedom 10 30
Financial freedom 10 40

Economic freedom by year comparison

The Economic Freedom Index for Afghanistan is 53, ranking 142/197, compared to 55 for Angola, ranking 130/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Afghanistan
Angola
Year Economic freedom index
Afghanistan Angola
1995 - 27.4
1996 - 24.4
1997 - 24.2
1998 - 24.9
1999 - 23.7
2000 - 24.3
2001 - -
2002 - -
2003 - -
2004 - -
2005 - -
2006 - 43.5
2007 - 44.7
2008 - 46.9
2009 - 47
2010 - 48.4
2011 - 46.2
2012 - 46.7
2013 - 47.3
2014 - 47.7
2015 - 47.9
2016 - 48.9
2017 48.9 48.5
2018 51.3 48.6
2019 51.5 50.6
2020 54.7 52.2
2021 53 54.2
2022 - 52.6
2023 - 53
2024 - 54.3
2025 - 55

More economic indicators

Afghanistan Angola
Services, % of GDP
46.4%
2023
39.3%
2024
Industry, % of GDP
13.4%
2023
44.2%
2024
Agriculture, forestry, and fishing, % of GDP
34.7%
2023
16.4%
2024
GNI, Atlas method
$15.5B
2023
$84B
2024
GNI per capita, PPP
$2,210
2023
$7,660
2024
Total reserves including gold
$9.75B
2020
$14.2B
2024
Total reserves ranking
78/177
2020
69/177
2024
Net foreign direct investment
$24.3M
2020
$1.14B
2024
Net inflows of foreign direct investment
$20.6M
2021
-$1.11B
2024
Net outflows of foreign direct investment
$30.8M
2021
$33.1M
2024
Servicing debt to the IMF, % of GNI
0.25%
2023
16.3%
2023
Poverty at national poverty lines
47.1%
2019
36.6%
2020
Gross capital formation, % of GDP
15.3%
2023
25%
2024

GDP per capita map

GDP per capita

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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.