Angola has a GDP of $80.4B compared to $3.02B for Bhutan, ranking 81/197 and 169/197 by economy size, respectively.
Angola has $50.2B in government debt (64.5% of GDP), compared to $3.49B (102.9% of GDP) in Bhutan.
The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.
| Year | GDP | |||
|---|---|---|---|---|
Angola
|
Bhutan
|
|||
| Current $ | Constant $ | Current $ | Constant $ | |
| 1970 | - | - | $61,812,113 | $126,311,212 |
| 1971 | - | - | $66,289,450 | $129,692,690 |
| 1972 | - | - | $70,139,867 | $131,201,350 |
| 1973 | - | - | $78,900,289 | $133,126,191 |
| 1974 | - | - | $92,901,784 | $139,993,193 |
| 1975 | - | - | $86,820,762 | $135,363,169 |
| 1976 | - | - | $88,461,263 | $147,484,467 |
| 1977 | - | - | $97,884,434 | $159,137,561 |
| 1978 | - | - | $94,086,228 | $170,478,518 |
| 1979 | - | - | $105,377,995 | $178,646,088 |
| 1980 | $5,930,503,401 | $23,063,262,074 | $128,669,201 | $187,593,999 |
| 1981 | $5,550,483,036 | $22,048,478,262 | $139,174,178 | $215,962,517 |
| 1982 | $5,550,483,036 | $22,048,478,262 | $141,439,317 | $223,391,139 |
| 1983 | $5,784,341,596 | $22,974,514,664 | $156,704,290 | $246,693,105 |
| 1984 | $6,131,475,065 | $24,352,986,041 | $160,423,494 | $257,934,068 |
| 1985 | $7,554,065,410 | $25,205,340,428 | $163,288,815 | $268,325,027 |
| 1986 | $7,072,536,109 | $25,936,295,740 | $191,218,115 | $298,893,145 |
| 1987 | $8,084,412,414 | $26,995,209,500 | $242,742,766 | $385,734,527 |
| 1988 | $8,769,836,769 | $28,649,716,325 | $272,298,067 | $404,123,931 |
| 1989 | $10,201,780,977 | $28,661,640,755 | $264,798,626 | $433,849,538 |
| 1990 | $11,229,515,599 | $27,672,785,865 | $287,765,007 | $478,896,647 |
| 1991 | $10,603,784,541 | $27,947,122,601 | $240,294,286 | $476,943,344 |
| 1992 | $8,307,810,974 | $26,315,491,127 | $240,233,531 | $498,886,989 |
| 1993 | $5,768,720,422 | $20,004,137,038 | $225,973,693 | $508,796,713 |
| 1994 | $4,438,321,017 | $20,272,065,135 | $258,954,708 | $533,989,801 |
| 1995 | $5,538,749,260 | $23,312,874,912 | $290,490,984 | $571,764,867 |
| 1996 | $7,526,421,519 | $26,470,456,890 | $303,408,346 | $603,584,570 |
| 1997 | $7,648,380,196 | $28,395,991,341 | $352,229,077 | $636,020,231 |
| 1998 | $6,506,221,616 | $29,728,088,881 | $363,458,381 | $673,634,664 |
| 1999 | $6,152,923,310 | $30,376,604,084 | $399,311,200 | $727,417,466 |
| 2000 | $9,129,594,970 | $31,304,495,194 | $460,733,418 | $751,822,819 |
| 2001 | $8,936,079,118 | $32,621,161,810 | $496,110,226 | $806,919,210 |
| 2002 | $15,285,592,370 | $37,079,068,253 | $559,345,264 | $891,192,074 |
| 2003 | $17,812,704,586 | $38,187,732,393 | $651,935,430 | $960,585,284 |
| 2004 | $23,552,057,679 | $42,369,289,093 | $735,348,490 | $1,010,125,139 |
| 2005 | $36,970,900,884 | $48,737,393,240 | $860,391,000 | $1,080,178,039 |
| 2006 | $52,381,025,141 | $54,366,562,158 | $942,879,879 | $1,141,108,778 |
| 2007 | $65,266,415,494 | $61,983,317,521 | $1,255,767,964 | $1,324,881,878 |
| 2008 | $88,538,665,085 | $68,906,854,084 | $1,317,517,835 | $1,384,891,724 |
| 2009 | $70,307,196,182 | $69,499,453,031 | $1,331,343,798 | $1,491,078,191 |
| 2010 | $83,799,474,070 | $72,556,300,250 | $1,708,880,730 | $1,668,991,760 |
| 2011 | $111,789,747,671 | $75,075,493,557 | $1,977,728,659 | $1,810,676,784 |
| 2012 | $128,052,915,766 | $81,488,522,604 | $1,973,387,228 | $1,904,194,983 |
| 2013 | $132,339,109,040 | $85,525,963,564 | $1,943,696,952 | $1,937,258,290 |
| 2014 | $135,966,802,587 | $89,650,503,848 | $2,089,079,571 | $2,051,190,106 |
| 2015 | $90,496,420,507 | $90,496,420,507 | $2,187,815,803 | $2,187,815,803 |
| 2016 | $52,761,617,226 | $88,161,567,931 | $2,357,504,761 | $2,373,253,832 |
| 2017 | $73,690,154,991 | $88,031,782,694 | $2,591,358,009 | $2,422,779,967 |
| 2018 | $79,450,688,259 | $86,872,966,033 | $2,583,335,722 | $2,507,622,617 |
| 2019 | $70,897,962,732 | $86,262,880,685 | $2,735,683,570 | $2,651,940,022 |
| 2020 | $48,501,561,204 | $81,399,194,251 | $2,457,604,334 | $2,380,954,251 |
| 2021 | $66,505,129,988 | $82,375,341,953 | $2,768,802,960 | $2,486,224,986 |
| 2022 | $104,399,746,853 | $84,883,445,838 | $2,898,227,744 | $2,615,853,471 |
| 2023 | $84,875,162,197 | $85,798,573,860 | $3,019,253,885 | $2,743,574,975 |
| 2024 | $80,396,942,242 | $89,594,220,855 | - | - |
Economic indicators
|
Angola
|
Bhutan
|
|
|---|---|---|
| Gross domestic product |
$80.4B
2024 |
$3.02B
2023 |
| GDP rank |
81/197
2024 |
169/197
2023 |
| GDP growth |
-5.28%
2023-2024 |
4.18%
2022-2023 |
| GDP per capita |
$2,122
2024 |
$3,839
2023 |
| GDP per capita rank |
156/197
2024 |
132/197
2023 |
| GDP per capita, PPP |
$8,348
2024 |
$16,254
2023 |
| Government debt |
$50.2B
2024 |
$3.49B
2023 |
| Debt-to-GDP ratio |
64.5%
2025 |
102.9%
2025 |
| Government debt per person |
$1,326
2024 |
$4,432
2023 |
| Government debt per person rank |
135/185
2024 |
87/185
2023 |
| Average annual personal income after taxes |
$33,074
2025 |
$6,460
2025 |
| Income share by richest 10% |
39.6%
2018 |
22.7%
2022 |
| Income share by poorest 10% |
1.3%
2018 |
3.6%
2022 |
| Government expenditure, % of GDP |
17.3%
2025 |
30.5%
2025 |
| Consumer prices inflation |
21.6%
2024-2025 |
2.4%
2024-2025 |
| Central bank interest rate |
18%
2023 |
n/a |
| Unemployment rate |
14.1%
2022 |
3.28%
2024 |
| Population |
39983997
|
801123
|
GDP per capita in Angola vs Bhutan
Angola's GDP per capita is $2,122, ranking 156/197, compared to $3,839 in Bhutan, ranking 132/197. Adjusted for purchasing power (GDP per capita PPP), Angola ranks 136th at $8,348, while Bhutan ranks 109th at $16,254.
| Year | Current $ | |||
|---|---|---|---|---|
|
Angola
|
Bhutan
|
|||
| GDP per capita | GDP per capita, PPP | GDP per capita | GDP per capita, PPP | |
| 1970 | - | - | $200.3 | - |
| 1971 | - | - | $207.7 | - |
| 1972 | - | - | $212.4 | - |
| 1973 | - | - | $230.9 | - |
| 1974 | - | - | $262.8 | - |
| 1975 | - | - | $237.4 | - |
| 1976 | - | - | $233.7 | - |
| 1977 | - | - | $249.9 | - |
| 1978 | - | - | $232.2 | - |
| 1979 | - | - | $251.4 | - |
| 1980 | $729 | - | $296.9 | - |
| 1981 | $658 | - | $311 | - |
| 1982 | $634 | - | $306 | - |
| 1983 | $637 | - | $328 | - |
| 1984 | $650 | - | $326 | - |
| 1985 | $772 | - | $321 | - |
| 1986 | $698 | - | $365 | - |
| 1987 | $770 | - | $449 | - |
| 1988 | $807 | - | $489 | - |
| 1989 | $908 | - | $462 | - |
| 1990 | $966 | $3,341 | $488 | $1,638 |
| 1991 | $882 | $3,373 | $401 | $1,657 |
| 1992 | $669 | $3,143 | $416 | $1,840 |
| 1993 | $450 | $2,369 | $407 | $2,001 |
| 1994 | $335 | $2,374 | $467 | $2,146 |
| 1995 | $404 | $2,696 | $530 | $2,374 |
| 1996 | $531 | $3,013 | $553 | $2,548 |
| 1997 | $522 | $3,178 | $630 | $2,683 |
| 1998 | $429 | $3,254 | $638 | $2,819 |
| 1999 | $393 | $3,263 | $685 | $3,017 |
| 2000 | $564 | $3,327 | $772 | $3,113 |
| 2001 | $534 | $3,428 | $812 | $3,338 |
| 2002 | $882 | $3,824 | $896 | $3,663 |
| 2003 | $993 | $3,879 | $1,022 | $3,942 |
| 2004 | $1,266 | $4,263 | $1,130 | $4,173 |
| 2005 | $1,916 | $4,876 | $1,300 | $4,523 |
| 2006 | $2,617 | $5,404 | $1,406 | $4,860 |
| 2007 | $3,141 | $6,096 | $1,850 | $5,729 |
| 2008 | $4,103 | $6,651 | $1,920 | $6,035 |
| 2009 | $3,137 | $6,498 | $1,918 | $6,466 |
| 2010 | $3,597 | $6,607 | $2,436 | $7,246 |
| 2011 | $4,616 | $6,711 | $2,788 | $7,935 |
| 2012 | $5,086 | $7,355 | $2,751 | $8,577 |
| 2013 | $5,058 | $7,561 | $2,680 | $8,667 |
| 2014 | $5,006 | $7,990 | $2,849 | $9,323 |
| 2015 | $3,214 | $7,120 | $2,954 | $10,214 |
| 2016 | $1,808 | $6,844 | $3,152 | $11,273 |
| 2017 | $2,437 | $6,993 | $3,435 | $11,677 |
| 2018 | $2,539 | $7,348 | $3,400 | $11,970 |
| 2019 | $2,190 | $7,528 | $3,577 | $12,909 |
| 2020 | $1,450 | $6,451 | $3,192 | $12,475 |
| 2021 | $1,926 | $7,408 | $3,571 | $13,459 |
| 2022 | $2,930 | $7,925 | $3,711 | $15,064 |
| 2023 | $2,310 | $8,047 | $3,839 | $16,254 |
| 2024 | $2,122 | $8,348 | - | - |
Spending and national debt comparison
In 2024, Angola's government spending was $14.1B, accounting for 17.3% of its GDP, while Bhutan's spent $871M, or 30.5% of GDP.
Debt-to-GDP ratio is 64.5% in Angola and 102.9% in Bhutan, ranking 67/185 and 20/185, respectively.
| Year | % of GDP | |||
|---|---|---|---|---|
|
Angola
|
Bhutan
|
|||
| Government spending | Government debt | Government spending | Government debt | |
| 1987 | - | - | 47.5% | 17.3% |
| 1988 | - | - | 45.3% | 24.7% |
| 1989 | - | - | 46.8% | 26.4% |
| 1990 | - | - | 35.8% | 27.4% |
| 1991 | - | - | 30.8% | 33.5% |
| 1992 | - | - | 34.5% | 35.6% |
| 1993 | - | - | 35.2% | 60.2% |
| 1994 | - | - | 37.9% | 53.2% |
| 1995 | - | - | 38.6% | 38.7% |
| 1996 | 25.2% | 92% | 37.9% | 36.8% |
| 1997 | 26.8% | 73.5% | 37.8% | 33% |
| 1998 | 26.1% | 96.3% | 31.1% | 36.4% |
| 1999 | 39.4% | 104.8% | 40.2% | 39.2% |
| 2000 | 35.8% | 118.2% | 43% | 44% |
| 2001 | 30.3% | 100.2% | 50.3% | 52.4% |
| 2002 | 27.6% | 65.1% | 39.3% | 57.7% |
| 2003 | 30.1% | 50.8% | 34.7% | 68.5% |
| 2004 | 26% | 41.6% | 31% | 76% |
| 2005 | 23.7% | 29.9% | 36.4% | 80.8% |
| 2006 | 27.3% | 16.7% | 33.4% | 80.1% |
| 2007 | 34.1% | 18.8% | 33.2% | 67.3% |
| 2008 | 47.2% | 28.1% | 36.1% | 60.6% |
| 2009 | 38.7% | 48.4% | 39.3% | 61% |
| 2010 | 34.6% | 32.6% | 41.5% | 55.8% |
| 2011 | 33.3% | 26.3% | 36.1% | 62.3% |
| 2012 | 33.2% | 23.8% | 35.1% | 71.5% |
| 2013 | 32.9% | 29.5% | 32.5% | 92.4% |
| 2014 | 32.3% | 35.3% | 28.9% | 89.8% |
| 2015 | 23.9% | 50.4% | 27.5% | 90.2% |
| 2016 | 19.4% | 66.7% | 30.5% | 107.5% |
| 2017 | 21% | 60.5% | 30.6% | 104.1% |
| 2018 | 18.3% | 82.5% | 31.7% | 107.3% |
| 2019 | 18.2% | 101.4% | 24.2% | 99.7% |
| 2020 | 20% | 119.1% | 30.9% | 114.9% |
| 2021 | 17.3% | 74.3% | 36.6% | 123.3% |
| 2022 | 19.5% | 56.1% | 32.1% | 117.3% |
| 2023 | 19.2% | 71.4% | 28.8% | 115.4% |
| 2024 | 17.5% | 62.5% | 27.2% | 107.8% |
| 2025 | 17.3% | 64.5% | 30.5% | 102.9% |
Government deficit by year
In 2023, Angola's government deficit, the difference between spending and revenue, was -$1.59B, equivalent to -1.88% of GDP. This compares to Bhutan's deficit of -$142M, or -4.7% of GDP.
Over the past 28 years, Angola recorded a fiscal deficit in 14 of those years, while Bhutan ran a deficit in 22 years. On average, Angola posted an annual deficit equal to -0.07% of GDP, compared to deficit of -2.57% of GDP for Bhutan.
| Year | Deficit/surplus, % of GDP | |
|---|---|---|
|
Angola
|
Bhutan
|
|
| 1987 | - | -0.56% |
| 1988 | - | 1.33% |
| 1989 | - | -10.1% |
| 1990 | - | -7.21% |
| 1991 | - | -0.48% |
| 1992 | - | -3.47% |
| 1993 | - | 4.71% |
| 1994 | - | -0.13% |
| 1995 | - | -0.88% |
| 1996 | 4.49% | 2.55% |
| 1997 | -0.23% | -1.92% |
| 1998 | -5.1% | 1.28% |
| 1999 | -8.1% | -1.28% |
| 2000 | 2.02% | -3.39% |
| 2001 | 2.8% | -12.2% |
| 2002 | -2.24% | -4.33% |
| 2003 | -4.1% | -10.2% |
| 2004 | 1.03% | 1.8% |
| 2005 | 6.4% | -6.96% |
| 2006 | 8.42% | -0.07% |
| 2007 | 3.85% | 0.79% |
| 2008 | -3.8% | -2.57% |
| 2009 | -6.8% | -0.8% |
| 2010 | 2.98% | 1.92% |
| 2011 | 7.2% | -3.02% |
| 2012 | 3.68% | -2.1% |
| 2013 | -0.27% | -4.55% |
| 2014 | -5.07% | 2.46% |
| 2015 | -2.57% | -0.49% |
| 2016 | -3.98% | -2.31% |
| 2017 | -5.75% | -4.49% |
| 2018 | 2.03% | -1.52% |
| 2019 | 0.69% | -1.49% |
| 2020 | -1.66% | -1.81% |
| 2021 | 3.4% | -5.76% |
| 2022 | 0.58% | -6.95% |
| 2023 | -1.88% | -4.7% |
| 2024 | -1.02% | -0.17% |
| 2025 | -2.31% | -2.51% |
Inflation comparison by year
Over the past 30 years, Angola has recorded an average annual inflation rate of 194%, compared with 5.74% in Bhutan. In 2025, inflation was 21.6% in Angola and 2.4% in Bhutan.
| Year | Inflation | ||
|---|---|---|---|
|
Angola
|
Bhutan
|
Angola
|
Bhutan
|
| 1996 | 4,146% | 8.8% | |
| 1997 | 221.5% | 8.6% | |
| 1998 | 107.4% | 7.6% | |
| 1999 | 248.2% | 9.1% | |
| 2000 | 325% | 7.2% | |
| 2001 | 152.6% | 3.7% | |
| 2002 | 108.9% | 2.9% | |
| 2003 | 98.2% | 2.5% | |
| 2004 | 43.5% | 3.3% | |
| 2005 | 23% | 4.8% | |
| 2006 | 13.3% | 4.9% | |
| 2007 | 12.2% | 5.2% | |
| 2008 | 12.5% | 6.3% | |
| 2009 | 13.7% | 7.1% | |
| 2010 | 14.5% | 4.8% | |
| 2011 | 13.5% | 8.6% | |
| 2012 | 10.3% | 10.1% | |
| 2013 | 8.8% | 8.1% | |
| 2014 | 7.3% | 9.6% | |
| 2015 | 9.2% | 6.7% | |
| 2016 | 30.7% | 3.3% | |
| 2017 | 29.8% | 4.3% | |
| 2018 | 19.6% | 3.6% | |
| 2019 | 17.1% | 2.8% | |
| 2020 | 22.3% | 3% | |
| 2021 | 25.8% | 8.2% | |
| 2022 | 21.4% | 5.9% | |
| 2023 | 13.6% | 4.5% | |
| 2024 | 28.2% | 4.3% | |
| 2025 | 21.6% | 2.4% | |
Balance of trade
|
Angola
|
Bhutan
|
|
|---|---|---|
Current account balance
|
$6.31B
2024 |
-$670M
2024 |
| Current account balance ranking |
30/189
2024 |
111/189
2024 |
| Current account balance, % of GDP |
+7.85%
2024 |
-31.9%
2023 |
| Goods imports |
$14.2B
2024 |
$1.29B
2024 |
| Goods exports |
$36.8B
2024 |
$656M
2024 |
| Service imports |
$8.49B
2024 |
$228M
2024 |
| Service exports |
$129M
2024 |
$288M
2024 |
| Imports of goods and services, % of GDP |
24.4%
2024 |
53.2%
2023 |
| Exports of goods and services, % of GDP |
37.9%
2024 |
28.3%
2023 |
Economic freedom indices
The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.
|
Angola
|
Bhutan
|
|
|---|---|---|
| Economic freedom | 55 | 57.5 |
| Economic freedom ranking | 130/197 | 113/197 |
| Property rights | 39.9 | 69.7 |
| Government integrity | 28.2 | 71.1 |
| Judicial effectiveness | 25.7 | 62.9 |
| Tax burden | 86.9 | 83.4 |
| Government spending | 89.5 | 68.2 |
| Fiscal health | 89.1 | 25.8 |
| Business freedom | 45.2 | 67.2 |
| Labor freedom | 50.8 | 57.7 |
| Monetary freedom | 64.2 | 70.5 |
| Trade freedom | 70.4 | 63 |
| Investment freedom | 30 | 20 |
| Financial freedom | 40 | 30 |
Economic freedom by year comparison
The Economic Freedom Index for Angola is 55, ranking 130/197, compared to 57.5 for Bhutan, ranking 113/197. The chart below displays a comparison of annual changes in economic freedom indexes.
| Year | Economic freedom index | |
|---|---|---|
|
Angola
|
Bhutan
|
|
| 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 | 57.7 |
| 2010 | 48.4 | 57 |
| 2011 | 46.2 | 57.6 |
| 2012 | 46.7 | 56.6 |
| 2013 | 47.3 | 55 |
| 2014 | 47.7 | 56.7 |
| 2015 | 47.9 | 57.4 |
| 2016 | 48.9 | 59.5 |
| 2017 | 48.5 | 58.4 |
| 2018 | 48.6 | 61.8 |
| 2019 | 50.6 | 62.9 |
| 2020 | 52.2 | 62.1 |
| 2021 | 54.2 | 58.3 |
| 2022 | 52.6 | 59.3 |
| 2023 | 53 | 59 |
| 2024 | 54.3 | 55.4 |
| 2025 | 55 | 57.5 |
More economic indicators
|
Angola
|
Bhutan
|
|
|---|---|---|
| Services, % of GDP |
39.3%
2024 |
52.7%
2023 |
| Industry, % of GDP |
44.2%
2024 |
29.6%
2023 |
| Agriculture, forestry, and fishing, % of GDP |
16.4%
2024 |
15%
2023 |
|
GNI, Atlas method
|
$84B
2024 |
$2.94B
2023 |
| GNI per capita, PPP |
$7,660
2024 |
$15,360
2023 |
| Total reserves including gold |
$14.2B
2024 |
$941M
2024 |
| Total reserves ranking |
69/177
2024 |
143/177
2024 |
|
Net foreign direct investment
|
$1.14B
2024 |
-$22.8M
2024 |
|
Net inflows of foreign direct investment
|
-$1.11B
2024 |
$22.8M
2024 |
|
Net outflows of foreign direct investment
|
$33.1M
2024 |
n/a |
|
Servicing debt to the IMF, % of GNI
|
16.3%
2023 |
4.86%
2023 |
| Poverty at national poverty lines |
36.6%
2020 |
12.4%
2022 |
|
Gross capital formation, % of GDP
|
25%
2024 |
45.2%
2023 |
GDP per capita map
GDP per capita
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Economy comparisons
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.