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Economy of Angola vs Barbados compared: GDP & Debt

Updated on by Georank team

Angola has a GDP of $101B compared to $7.5B for Barbados, ranking 71/197 and 157/197 by economy size, respectively.

Angola has $60.5B in government debt (59.9% of GDP), compared to $7.97B (106.3% of GDP) in Barbados.

Angola vs Barbados GDP by year

Angola
Barbados
1x
Year GDP, current $
Angola Barbados
2024 $100,998,916,781 $7,498,050,000
2023 $107,167,747,140 $7,223,250,000
2022 $131,212,208,930 $6,884,900,000
2021 $79,559,543,805 $5,947,550,000
2020 $58,852,456,454 $5,407,050,000
2019 $80,734,428,593 $6,161,850,000
2018 $89,512,794,227 $6,001,950,000
2017 $84,376,935,689 $5,683,150,000
2016 $59,878,249,719 $5,674,600,000
2015 $102,543,067,841 $5,698,150,000
2014 $153,449,860,496 $5,620,600,000
2013 $148,845,200,697 $5,667,200,000
2012 $143,572,907,528 $5,761,450,000
2011 $125,551,634,704 $5,663,100,000
2010 $95,546,919,755 $5,672,900,000
2009 $81,705,175,408 $4,466,809,600
2008 $98,790,432,989 $4,790,410,400
2007 $73,037,821,927 $4,675,767,950
2006 $58,653,659,980 $4,217,323,400
2005 $41,396,636,383 $3,819,500,000
2004 $26,997,977,897 $3,444,500,000
2003 $20,342,128,112 $3,209,500,000
2002 $17,311,512,432 $3,106,500,000
2001 $8,936,079,118 $3,054,500,000
2000 $9,129,594,970 $3,059,500,000
1999 $6,152,923,310 $2,951,822,205
1998 $6,506,221,616 $2,817,083,478
1997 $7,648,380,196 $2,498,384,130
1996 $7,526,421,519 $2,363,645,403
1995 $5,538,749,260 $2,216,974,096
1994 $4,438,321,017 $2,151,344,901
1993 $5,768,720,422 $2,063,342,117
1992 $8,307,810,974 $1,957,000,000
1991 $10,603,784,541 $2,020,583,702
1990 $11,229,515,599 $2,012,131,457
1989 $10,201,780,977 $2,006,165,167
1988 $8,769,836,769 $1,812,757,918
1987 $8,084,412,414 $1,704,370,308
1986 $7,072,536,109 $1,547,755,183
1985 $7,554,065,410 $1,409,536,121
1984 $6,131,475,065 $1,346,890,071
1983 $5,784,341,596 $1,236,016,507
1982 $5,550,483,036 $1,163,923,830
1981 $5,550,483,036 $1,114,204,743
1980 $5,930,503,401 $1,012,280,615
1979 - $670,362,452
1978 - $552,883,707
1977 - $495,097,668
1976 - $435,911,269
1975 - $402,178,605
1974 - $311,804,630
1973 - $260,767,828
1972 - $213,725,217
1971 - $186,826,503
1970 - $166,210,203
1969 - $141,393,142
1968 - $125,733,669
1967 - $125,554,009
1966 - $113,195,123
1965 - $105,021,997
1964 - $99,252,731
1963 - $99,893,761
1962 - $88,782,583
1961 - $85,363,759
1960 - $80,021,847

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

GeoRank.org/economy/angola/barbados | CC BY

GDP per capita in Angola vs Barbados by year

Angola
GDP per capita

GDP per capita, PPP
Barbados
GDP per capita

GDP per capita, PPP
1x
Year Current $
Angola Barbados
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,666 $10,119 $26,545 $24,823
2023 $2,916 $9,754 $25,584 $23,660
2022 $3,682 $9,588 $24,387 $22,193
2021 $2,304 $8,862 $21,080 $17,683
2020 $1,759 $7,827 $19,194 $16,555
2019 $2,494 $8,573 $21,912 $19,971
2018 $2,860 $8,278 $21,381 $19,777
2017 $2,791 $8,007 $20,285 $18,437
2016 $2,052 $7,767 $20,296 $19,176
2015 $3,642 $8,067 $20,424 $19,186
2014 $5,650 $9,018 $20,193 $18,595
2013 $5,689 $8,504 $20,410 $19,032
2012 $5,702 $8,246 $20,804 $19,605
2011 $5,184 $7,538 $20,508 $20,316
2010 $4,102 $7,412 $20,611 $20,033
2009 $3,645 $7,228 $16,295 $20,324
2008 $4,578 $7,316 $17,566 $21,376
2007 $3,515 $6,728 $17,235 $20,949
2006 $2,930 $6,018 $15,620 $20,076
2005 $2,146 $5,416 $14,214 $18,450
2004 $1,451 $4,771 $12,886 $17,299
2003 $1,134 $4,322 $12,076 $16,707
2002 $999 $4,241 $11,760 $16,133
2001 $534 $3,802 $11,640 $15,866
2000 $564 $3,690 $11,675 $15,914
1999 $393 $3,619 $11,244 $14,873
1998 $429 $3,609 $10,734 $14,621
1997 $522 $3,525 $9,522 $13,941
1996 $531 $3,342 $9,012 $13,090
1995 $404 $2,990 $8,460 $12,375
1994 $335 $2,633 $8,223 $11,900
1993 $450 $2,628 $7,905 $11,448
1992 $669 $3,486 $7,519 $11,127
1991 $882 $3,740 $7,790 $11,576
1990 $966 $3,705 $7,781 $11,687
1989 $908 - $7,773 -
1988 $807 - $7,033 -
1987 $770 - $6,625 -
1986 $698 - $6,031 -
1985 $772 - $5,510 -
1984 $650 - $5,284 -
1983 $637 - $4,866 -
1982 $634 - $4,599 -
1981 $658 - $4,417 -
1980 $729 - $4,025 -
1979 - - $2,668 -
1978 - - $2,198 -
1977 - - $1,968 -
1976 - - $1,734 -
1975 - - $1,601 -
1974 - - $1,243 -
1973 - - $1,042 -
1972 - - $856 -
1971 - - $750 -
1970 - - $666 -
1969 - - $567 -
1968 - - $506 -
1967 - - $508 -
1966 - - $462 -
1965 - - $433 -
1964 - - $414 -
1963 - - $421 -
1962 - - $377 -
1961 - - $366 -
1960 - - $347 -

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

GeoRank.org/economy/angola/barbados | CC BY

Angola's GDP per capita is $2,666, ranking 144/197, compared to $26,545 in Barbados, ranking 46/197. Adjusted for purchasing power (GDP per capita PPP), Angola ranks 133rd at $10,119, while Barbados ranks 84th at $24,823.

Economic indicators

Angola Barbados
Gross domestic product
$101B
2024
$7.5B
2024
GDP rank
71/197
2024
157/197
2024
GDP growth
4.42%
2023-2024
2.48%
2023-2024
GDP per capita
$2,666
2024
$26,545
2024
GDP per capita rank
144/197
2024
46/197
2024
GDP per capita, PPP
$10,119
2024
$24,823
2024
GDP per capita PPP rank
133/197
2024
84/197
2024
Government debt
$60.5B
2024
$7.97B
2024
Debt-to-GDP ratio
59.9%
2024
106.3%
2024
Government debt per person
$1,597
2024
$28,218
2024
Government debt per person rank
127/185
2024
26/185
2024
Average annual personal income after taxes
$28,080
2026
$18,869
2026
Market capitalization of domestic companies n/a
$2.78B
2020
Number of billionaires n/a
1
2025
Income share by richest 10%
39.6%
2018
25.8%
2016
Income share by poorest 10%
1.3%
2018
2.5%
2016
Government expenditure, % of GDP
18.4%
2024
30.2%
2024
Consumer prices inflation
28.2%
2023-2024
-0.44%
2023-2024
Central bank interest rate
18%
2023
2%
2020
Unemployment rate
14.1%
2022
6.54%
2023
Population
40555924
282798

Spending and national debt comparison by year

Angola
Spending

Debt
Barbados
Spending

Debt
1x
Year % of GDP
Angola Barbados
Government spending Government debt Government spending Government debt
2024 18.4% 59.9% 30.2% 106.3%
2023 18.8% 72.4% 28.8% 113.4%
2022 19.5% 56.1% 30.3% 116.9%
2021 17.3% 74.3% 32.5% 130.2%
2020 20% 119.1% 30.3% 128.4%
2019 18.2% 101.4% 23.9% 109.5%
2018 18.3% 82.5% 26.9% 115%
2017 21% 60.5% 29.8% 143.6%
2016 19.4% 66.7% 30.7% 136.5%
2015 23.9% 50.4% 31.4% 131.9%
2014 32.3% 35.3% 29% 122%
2013 32.9% 29.5% 30.8% 118.6%
2012 33.2% 23.8% 30.6% 109.4%
2011 33.3% 26.3% 27.7% 98.7%
2010 34.6% 32.6% 29.7% 96%
2009 38.7% 48.4% 29.5% 88.5%
2008 47.2% 28.1% 28.1% 72.6%
2007 34.1% 18.8% 27.8% 69%
2006 27.3% 16.7% 27.2% 69.8%
2005 23.7% 29.9% 28.7% 68.2%
2004 26% 41.6% 28.5% 66.5%
2003 30.1% 50.8% 29.8% 66.6%
2002 27.6% 65.1% 31% 66.1%
2001 30.3% 100.2% 22% 62.6%
2000 35.8% 118.2% 20.8% 56.6%
1999 39.4% 104.8% 19.7% 50.1%
1998 26.1% 96.3% 19% 50.5%
1997 26.8% 73.5% 21.5% 56.9%
1996 25.2% 92% 20.5% 56.1%
1995 - - 18.6% 55.9%
1994 - - 17% 55%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1994–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1996–1999, retrieved 2026-02-20).

GeoRank.org/economy/angola/barbados | CC BY

In 2024, Angola's government spending was $18.6B, accounting for 18.4% of its GDP, while Barbados spent $2.26B, or 30.2% of GDP.

Debt-to-GDP ratio is 59.9% in Angola and 106.3% in Barbados, ranking 78/185 and 18/185, respectively.

Government deficit by year

Deficit/surplus
Angola

Barbados
1x
Year Deficit/surplus, % of GDP
Angola Barbados
2024 -1.01% -0.89%
2023 -1.83% -1.71%
2022 0.58% -1.96%
2021 3.4% -4.65%
2020 -1.66% -4.16%
2019 0.69% 3.08%
2018 2.03% -0.34%
2017 -5.75% -3.89%
2016 -3.98% -4.88%
2015 -2.57% -8.16%
2014 -5.07% -6.57%
2013 -0.27% -8.98%
2012 3.68% -7.07%
2011 7.2% -3.63%
2010 2.98% -7.55%
2009 -6.8% -6.56%
2008 -3.8% -4.1%
2007 3.85% -4.34%
2006 8.42% -3.41%
2005 6.4% -3.03%
2004 1.03% -2.97%
2003 -4.1% -3.08%
2002 -2.24% -5.28%
2001 2.8% 4.07%
2000 2.02% 4.94%
1999 -8.1% 5.39%
1998 -5.1% 6.03%
1997 -0.23% 5.64%
1996 4.49% 3.76%
1995 - 6.22%
1994 - 6.72%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1994–2024, retrieved 2026-02-20).

GeoRank.org/economy/angola/barbados | CC BY

In 2024, Angola's government deficit, the difference between spending and revenue, was $1.02B, equivalent to 1.01% of GDP. This compares to Barbados' deficit of $66.8M, or 0.89% of GDP.

Over the past 29 years, Angola recorded a fiscal deficit in 15 of those years, while Barbados ran a deficit in 22 years. On average, Angola posted an annual deficit equal to 0.1% of GDP, compared to deficit of 2.22% of GDP for Barbados.

Inflation comparison by year

Inflation
Angola

Barbados
1x
Year Consumer prices inflation
Angola Barbados
2024 28.2% -0.44%
2023 13.6% 9.79%
2022 21.4% -
2021 25.8% -
2020 22.3% -
2019 17.1% 4.1%
2018 19.6% 3.67%
2017 29.8% 4.66%
2016 30.7% 1.28%
2015 9.2% -1.11%
2014 7.3% 1.77%
2013 8.8% 1.81%
2012 10.3% 4.53%
2011 13.5% 9.43%
2010 14.5% 5.82%
2009 13.7% 3.64%
2008 12.5% 8.11%
2007 12.2% 4.03%
2006 13.3% 7.31%
2005 23% 6.08%
2004 43.5% 1.39%
2003 98.2% 1.62%
2002 108.9% 0.13%
2001 152.6% 2.58%
2000 325% 2.44%
1999 248.2% 1.56%
1998 107.4% -1.27%
1997 221.5% 7.71%

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/angola/barbados | CC BY

Over the past 28 years, Angola has recorded an average annual inflation rate of 59%, compared with 3.63% in Barbados. In 2024, inflation was 28.2% in Angola and -0.44% in Barbados.

Balance of trade

Angola Barbados
Current account balance
$6.31B
2024
-$296M
2017
Current account balance ranking
30/190
2024
100/190
2017
Current account balance, % of GDP
+6.25%
2024
-5.22%
2017
Goods imports
$14.2B
2024
$1.53B
2017
Goods exports
$36.8B
2024
$705M
2017
Service imports
$8.49B
2024
$687M
2017
Service exports
$129M
2024
$1.52B
2017
Imports of goods and services, % of GDP
19.4%
2024
n/a
Exports of goods and services, % of GDP
31.5%
2024
14.5%
2025

Economic freedom indices

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

Angola Barbados
Economic freedom 54.4 70.4
Economic freedom ranking 133/197 34/197
Property rights 36.9 76.4
Government integrity 28.3 71.3
Judicial effectiveness 26.3 87.3
Tax burden 86.9 83.2
Government spending 89.3 74.5
Fiscal health 91.9 76.5
Business freedom 42.8 72.3
Labor freedom 50.8 54.3
Monetary freedom 59 80.8
Trade freedom 70.4 48.2
Investment freedom 30 60
Financial freedom 40 60

Economic freedom comparison by year

Angola
Barbados
1x
Year Economic freedom index
Angola Barbados
2026 54.4 70.4
2025 55 68.9
2024 54.3 66.8
2023 53 69.8
2022 52.6 71.3
2021 54.2 65
2020 52.2 61.4
2019 50.6 64.7
2018 48.6 57
2017 48.5 54.5
2016 48.9 68.3
2015 47.9 67.9
2014 47.7 68.3
2013 47.3 69.3
2012 46.7 69
2011 46.2 68.5
2010 48.4 68.3
2009 47 71.5
2008 46.9 71.3
2007 44.7 70
2006 43.5 71.9
2005 - 70.1
2004 - 69.4
2003 - 71.3
2002 - 73.6
2001 - 71.5
2000 24.3 69.5
1999 23.7 66.7
1998 24.9 67.9
1997 24.2 64.5
1996 24.4 62.3
1995 27.4 -

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

GeoRank.org/economy/angola/barbados | CC BY

The Economic Freedom Index for Angola is 54.4, ranking 133/197, compared to 70.4 for Barbados, ranking 34/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Angola Barbados
Services, % of GDP
41.1%
2024
75.5%
2024
Industry, % of GDP
34.6%
2024
12.4%
2024
Agriculture, forestry, and fishing, % of GDP
22.1%
2024
1.58%
2024
GNI, Atlas method
$108B
2024
$7.1B
2024
GNI per capita, PPP
$9,460
2024
$23,850
2024
Total reserves including gold
$14.2B
2024
$1.65B
2024
Total reserves ranking
69/177
2024
131/177
2024
Net foreign direct investment
$1.14B
2024
-$208M
2017
Net inflows of foreign direct investment
-$1.11B
2024
$303M
2024
Net outflows of foreign direct investment
$33.1M
2024
$18.6M
2024
Servicing debt to the IMF, % of GNI
11.5%
2024
n/a
Poverty at national poverty lines
36.6%
2020
25.7%
2016
Gross capital formation, % of GDP
10.4%
2024
n/a

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/angola/barbados | 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 (1994–2024, 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. International Monetary Fund (IMF) | Public Finances in Modern History (1996–1999, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. Central Intelligence Agency (CIA) (2020, 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.