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Economy of Angola vs Botswana compared: GDP & Debt

Updated on by Georank team

Angola has a GDP of $101B compared to $19.4B for Botswana, ranking 71/197 and 133/197 by economy size, respectively.

Angola has $60.5B in government debt (59.9% of GDP), compared to $5.82B (30% of GDP) in Botswana.

Angola vs Botswana GDP by year

Angola
Botswana
1x
Year GDP, current $
Angola Botswana
2024 $100,998,916,781 $19,402,063,513
2023 $107,167,747,140 $19,411,266,967
2022 $131,212,208,930 $20,321,150,599
2021 $79,559,543,805 $18,750,182,236
2020 $58,852,456,454 $14,960,251,608
2019 $80,734,428,593 $16,725,908,149
2018 $89,512,794,227 $17,031,943,186
2017 $84,376,935,689 $16,105,155,857
2016 $59,878,249,719 $15,082,637,184
2015 $102,543,067,841 $13,530,748,845
2014 $153,449,860,496 $15,470,088,501
2013 $148,845,200,697 $14,271,738,933
2012 $143,572,907,528 $13,907,464,500
2011 $125,551,634,704 $15,110,643,612
2010 $95,546,919,755 $12,637,273,429
2009 $81,705,175,408 $10,118,459,242
2008 $98,790,432,989 $10,730,829,116
2007 $73,037,821,927 $10,567,270,656
2006 $58,653,659,980 $9,919,158,482
2005 $41,396,636,383 $9,918,907,108
2004 $26,997,977,897 $8,957,467,707
2003 $20,342,128,112 $7,511,582,173
2002 $17,311,512,432 $5,438,863,983
2001 $8,936,079,118 $5,489,608,300
2000 $9,129,594,970 $5,788,329,609
1999 $6,152,923,310 $5,484,263,347
1998 $6,506,221,616 $4,790,481,509
1997 $7,648,380,196 $5,020,265,627
1996 $7,526,421,519 $4,847,757,218
1995 $5,538,749,260 $4,730,599,122
1994 $4,438,321,017 $4,259,259,604
1993 $5,768,720,422 $4,160,129,175
1992 $8,307,810,974 $4,146,464,587
1991 $10,603,784,541 $3,942,876,703
1990 $11,229,515,599 $3,790,636,324
1989 $10,201,780,977 $3,083,822,112
1988 $8,769,836,769 $2,644,554,159
1987 $8,084,412,414 $1,965,226,890
1986 $7,072,536,109 $1,392,602,164
1985 $7,554,065,410 $1,114,783,343
1984 $6,131,475,065 $1,240,822,167
1983 $5,784,341,596 $1,172,230,397
1982 $5,550,483,036 $1,014,945,696
1981 $5,550,483,036 $1,073,812,830
1980 $5,930,503,401 $1,060,889,704
1979 - $819,870,259
1978 - $590,407,374
1977 - $451,624,780
1976 - $372,025,093
1975 - $355,168,572
1974 - $306,044,208
1973 - $244,124,164
1972 - $164,460,915
1971 - $127,448,614
1970 - $96,243,234
1969 - $77,361,547
1968 - $66,248,441
1967 - $58,642,354
1966 - $51,465,655
1965 - $45,788,696
1964 - $41,616,348
1963 - $38,091,843
1962 - $35,644,957
1961 - $32,902,613
1960 - $30,411,414

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

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

GDP per capita in Angola vs Botswana by year

Angola
GDP per capita

GDP per capita, PPP
Botswana
GDP per capita

GDP per capita, PPP
1x
Year Current $
Angola Botswana
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,666 $10,119 $7,696 $20,538
2023 $2,916 $9,754 $7,826 $21,012
2022 $3,682 $9,588 $8,329 $19,977
2021 $2,304 $8,862 $7,808 $17,961
2020 $1,759 $7,827 $6,323 $15,292
2019 $2,494 $8,573 $7,172 $15,960
2018 $2,860 $8,278 $7,408 $15,786
2017 $2,791 $8,007 $7,105 $15,701
2016 $2,052 $7,767 $6,749 $16,228
2015 $3,642 $8,067 $6,141 $14,144
2014 $5,650 $9,018 $7,122 $15,003
2013 $5,689 $8,504 $6,667 $13,621
2012 $5,702 $8,246 $6,596 $12,737
2011 $5,184 $7,538 $7,287 $13,635
2010 $4,102 $7,412 $6,216 $12,753
2009 $3,645 $7,228 $5,083 $11,686
2008 $4,578 $7,316 $5,503 $13,810
2007 $3,515 $6,728 $5,529 $13,389
2006 $2,930 $6,018 $5,292 $12,563
2005 $2,146 $5,416 $5,391 $11,458
2004 $1,451 $4,771 $4,957 $10,818
2003 $1,134 $4,322 $4,230 $10,439
2002 $999 $4,241 $3,117 $9,958
2001 $534 $3,802 $3,206 $9,420
2000 $564 $3,690 $3,451 $9,380
1999 $393 $3,619 $3,340 $9,188
1998 $429 $3,609 $2,981 $8,441
1997 $522 $3,525 $3,194 $8,497
1996 $531 $3,342 $3,156 $7,890
1995 $404 $2,990 $3,156 $7,503
1994 $335 $2,633 $2,917 $7,049
1993 $450 $2,628 $2,929 $6,847
1992 $669 $3,486 $3,005 $6,753
1991 $882 $3,740 $2,939 $6,598
1990 $966 $3,705 $2,903 $6,104
1989 $908 - $2,428 -
1988 $807 - $2,141 -
1987 $770 - $1,639 -
1986 $698 - $1,200 -
1985 $772 - $994 -
1984 $650 - $1,145 -
1983 $637 - $1,121 -
1982 $634 - $1,006 -
1981 $658 - $1,107 -
1980 $729 - $1,132 -
1979 - - $909 -
1978 - - $695 -
1977 - - $565 -
1976 - - $490 -
1975 - - $493 -
1974 - - $446 -
1973 - - $374 -
1972 - - $264.2 -
1971 - - $212.2 -
1970 - - $163 -
1969 - - $131.8 -
1968 - - $113.4 -
1967 - - $100.9 -
1966 - - $89.1 -
1965 - - $79.7 -
1964 - - $73.5 -
1963 - - $68.9 -
1962 - - $66 -
1961 - - $62.3 -
1960 - - $58.9 -

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

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

Angola's GDP per capita is $2,666, ranking 144/197, compared to $7,696 in Botswana, ranking 97/197. Adjusted for purchasing power (GDP per capita PPP), Angola ranks 133rd at $10,119, while Botswana ranks 95th at $20,538.

Economic indicators

Angola Botswana
Gross domestic product
$101B
2024
$19.4B
2024
GDP rank
71/197
2024
133/197
2024
GDP growth
4.42%
2023-2024
-2.99%
2023-2024
GDP per capita
$2,666
2024
$7,696
2024
GDP per capita rank
144/197
2024
97/197
2024
GDP per capita, PPP
$10,119
2024
$20,538
2024
GDP per capita PPP rank
133/197
2024
95/197
2024
Government debt
$60.5B
2024
$5.82B
2024
Debt-to-GDP ratio
59.9%
2024
30%
2024
Government debt per person
$1,597
2024
$2,310
2024
Government debt per person rank
127/185
2024
114/185
2024
Average annual personal income after taxes
$28,080
2026
$5,271
2026
Market capitalization of domestic companies n/a
$3.59B
2023
Income share by richest 10%
39.6%
2018
42.9%
2015
Income share by poorest 10%
1.3%
2018
1.4%
2015
Government expenditure, % of GDP
18.4%
2024
33.8%
2024
Consumer prices inflation
28.2%
2023-2024
2.82%
2023-2024
Central bank interest rate
18%
2023
1.9%
2024
Unemployment rate
14.1%
2022
24.4%
2024
Population
40555924
2615162

Spending and national debt comparison by year

Angola
Spending

Debt
Botswana
Spending

Debt
1x
Year % of GDP
Angola Botswana
Government spending Government debt Government spending Government debt
2024 18.4% 59.9% 33.8% 30%
2023 18.8% 72.4% 32.4% 22.5%
2022 19.5% 56.1% 29.5% 21.3%
2021 17.3% 74.3% 33% 23.4%
2020 20% 119.1% 38.5% 24.8%
2019 18.2% 101.4% 36.4% 21.3%
2018 18.3% 82.5% 35.9% 19.8%
2017 21% 60.5% 35% 19.8%
2016 19.4% 66.7% 34.2% 22.4%
2015 23.9% 50.4% 39.7% 25.7%
2014 32.3% 35.3% 36.4% 23.9%
2013 32.9% 29.5% 34.8% 24.7%
2012 33.2% 23.8% 38.3% 27.3%
2011 33.3% 26.3% 37.4% 28.1%
2010 34.6% 32.6% 44.7% 27.9%
2009 38.7% 48.4% 54.5% 23.5%
2008 47.2% 28.1% 48% 7.77%
2007 34.1% 18.8% 38.3% 6.12%
2006 27.3% 16.7% 34.1% 6.32%
2005 23.7% 29.9% 35% 7.74%
2004 26% 41.6% 42% 11.3%
2003 30.1% 50.8% 44% 7.29%
2002 27.6% 65.1% 46% 8.55%
2001 30.3% 100.2% 42.9% 7.61%
2000 35.8% 118.2% 39.8% 8.37%
1999 39.4% 104.8% 41.7% 9.68%
1998 26.1% 96.3% 44.3% 12%
1997 26.8% 73.5% 40% -
1996 25.2% 92% 37.2% -
1995 - - 38.1% -
1994 - - 39.2% -
1993 - - 44.2% -
1992 - - 43.4% -
1991 - - 42.3% -
1990 - - 40.5% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1996–1999, retrieved 2026-02-20).

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

In 2024, Angola's government spending was $18.6B, accounting for 18.4% of its GDP, while Botswana spent $6.55B, or 33.8% of GDP.

Debt-to-GDP ratio is 59.9% in Angola and 30% in Botswana, ranking 78/185 and 158/185, respectively.

Government deficit by year

Deficit/surplus
Angola

Botswana
1x
Year Deficit/surplus, % of GDP
Angola Botswana
2024 -1.01% -7.82%
2023 -1.83% -4.25%
2022 0.58% -0.006%
2021 3.4% -2.46%
2020 -1.66% -11.5%
2019 0.69% -8.43%
2018 2.03% -5.07%
2017 -5.75% -1.16%
2016 -3.98% 0.72%
2015 -2.57% -5.06%
2014 -5.07% 3.88%
2013 -0.27% 6.07%
2012 3.68% 0.92%
2011 7.2% -0.12%
2010 2.98% -8.36%
2009 -6.8% -14.4%
2008 -3.8% -7.59%
2007 3.85% 5.92%
2006 8.42% 13.7%
2005 6.4% 10.7%
2004 1.03% 1.42%
2003 -4.1% -0.18%
2002 -2.24% -4.02%
2001 2.8% -2.96%
2000 2.02% 8.95%
1999 -8.1% 6.18%
1998 -5.1% -
1997 -0.23% -
1996 4.49% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1996–2024, retrieved 2026-02-20).

GeoRank.org/economy/angola/botswana | 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 Botswana's deficit of $1.52B, or 7.82% of GDP.

Over the past 26 years, Angola recorded a fiscal deficit in 13 of those years, while Botswana ran a deficit in 16 years. On average, Angola posted an annual deficit equal to 0.08% of GDP, compared to deficit of 0.96% of GDP for Botswana.

Inflation comparison by year

Inflation
Angola

Botswana
1x
Year Consumer prices inflation
Angola Botswana
2024 28.2% 2.82%
2023 13.6% 5.07%
2022 21.4% 11.7%
2021 25.8% 7.24%
2020 22.3% 1.89%
2019 17.1% 2.77%
2018 19.6% 3.24%
2017 29.8% 3.31%
2016 30.7% 2.81%
2015 9.2% 3.06%
2014 7.3% 4.4%
2013 8.8% 5.88%
2012 10.3% 7.54%
2011 13.5% 8.46%
2010 14.5% 6.95%
2009 13.7% 8.03%
2008 12.5% 12.7%
2007 12.2% 7.08%
2006 13.3% 11.6%
2005 23% 8.61%
2004 43.5% 6.95%
2003 98.2% 9.19%
2002 108.9% 8.03%
2001 152.6% 6.56%
2000 325% 8.6%
1999 248.2% 7.75%
1998 107.4% 6.66%
1997 221.5% 8.72%

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/botswana | CC BY

Over the past 28 years, Angola has recorded an average annual inflation rate of 59%, compared with 6.7% in Botswana. In 2024, inflation was 28.2% in Angola and 2.82% in Botswana.

Top exports between countries

Angola
Export category Export value
Precious metals & jewellery $19.2M
Machinery & equipment $308K
Chemicals & pharma $10K
Textiles & consumer goods $8K
Raw materials & minerals $7K
Botswana
Export category Export value
Textiles & consumer goods $2.09M
Processed food, beverages & tobacco $1.31M
Machinery & equipment $1.15M
Metals $505K
Raw materials & minerals $450K
Chemicals & pharma $313K
Precious metals & jewellery $231K
Animal & marine products $15K
Raw agricultural goods $15K
Wood & paper products $4K

Balance of trade

Angola Botswana
Current account balance
$6.31B
2024
-$821M
2024
Current account balance ranking
30/190
2024
118/190
2024
Current account balance, % of GDP
+6.25%
2024
-4.23%
2024
Goods imports
$14.2B
2024
$6.86B
2024
Goods exports
$36.8B
2024
$4.66B
2024
Service imports
$8.49B
2024
$1.29B
2024
Service exports
$129M
2024
$935M
2024
Imports of goods and services, % of GDP
19.4%
2024
43.7%
2024
Exports of goods and services, % of GDP
31.5%
2024
27.4%
2024

Economic freedom indices

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

Angola Botswana
Economic freedom 54.4 67.7
Economic freedom ranking 133/197 53/197
Property rights 36.9 71.7
Government integrity 28.3 59.6
Judicial effectiveness 26.3 70.2
Tax burden 86.9 87.1
Government spending 89.3 69.8
Fiscal health 91.9 72.4
Business freedom 42.8 61.5
Labor freedom 50.8 60.7
Monetary freedom 59 72
Trade freedom 70.4 77
Investment freedom 30 50
Financial freedom 40 60

Economic freedom comparison by year

Angola
Botswana
1x
Year Economic freedom index
Angola Botswana
2026 54.4 67.7
2025 55 69.9
2024 54.3 68
2023 53 64.9
2022 52.6 64.8
2021 54.2 67.6
2020 52.2 69.6
2019 50.6 69.5
2018 48.6 69.9
2017 48.5 70.1
2016 48.9 71.1
2015 47.9 69.8
2014 47.7 72
2013 47.3 70.6
2012 46.7 69.6
2011 46.2 68.8
2010 48.4 70.3
2009 47 69.7
2008 46.9 68.2
2007 44.7 68.1
2006 43.5 68.8
2005 - 69.3
2004 - 69.9
2003 - 68.6
2002 - 66.2
2001 - 66.8
2000 24.3 65.8
1999 23.7 62.9
1998 24.9 62.8
1997 24.2 59.1
1996 24.4 61.6
1995 27.4 56.8

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

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

The Economic Freedom Index for Angola is 54.4, ranking 133/197, compared to 67.7 for Botswana, ranking 53/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Angola Botswana
Services, % of GDP
41.1%
2024
63.5%
2024
Industry, % of GDP
34.6%
2024
29.4%
2024
Agriculture, forestry, and fishing, % of GDP
22.1%
2024
1.71%
2024
GNI, Atlas method
$108B
2024
$19.5B
2024
GNI per capita, PPP
$9,460
2024
$20,570
2024
Total reserves including gold
$14.2B
2024
$3.46B
2024
Total reserves ranking
69/177
2024
113/177
2024
Net foreign direct investment
$1.14B
2024
-$464M
2024
Net inflows of foreign direct investment
-$1.11B
2024
$467M
2024
Net outflows of foreign direct investment
$33.1M
2024
$3.02M
2024
Servicing debt to the IMF, % of GNI
11.5%
2024
1.42%
2024
Poverty at national poverty lines
36.6%
2020
16.1%
2015
Gross capital formation, % of GDP
10.4%
2024
36%
2024

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/botswana | 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 (1990–2024, 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. TradeMap (2021–2024, retrieved 2026-02-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1996–1999, retrieved 2026-02-20)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. 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.