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Economy of Angola vs Bulgaria compared: GDP & Debt

Updated on by Georank

Angola has a GDP of $122B compared to $131B for Bulgaria, ranking 68/197 and 63/197 by economy size, respectively.

Angola has $62.7B in government debt (51.3% of GDP), compared to $35.4B (27.1% of GDP) in Bulgaria.

Angola vs Bulgaria GDP by year

Angola
Bulgaria
1x
Year GDP, current $
Angola Bulgaria
2025 $122,174,889,424 $130,777,235,530
2024 $103,080,538,044 $113,349,149,167
2023 $106,042,349,567 $102,204,457,335
2022 $128,233,959,333 $90,510,784,778
2021 $78,283,923,544 $84,378,926,047
2020 $58,512,033,806 $70,490,478,088
2019 $81,193,813,808 $68,511,235,459
2018 $90,506,061,877 $66,100,606,677
2017 $85,629,598,654 $59,170,671,046
2016 $60,770,049,747 $53,932,152,154
2015 $102,543,067,841 $50,768,512,173
2014 $153,449,860,496 $57,083,817,240
2013 $148,845,200,696 $55,822,115,861
2012 $143,572,907,528 $54,299,825,600
2011 $125,551,634,705 $57,684,243,980
2010 $95,546,919,754 $50,691,645,231
2009 $81,705,175,409 $52,026,461,290
2008 $98,790,432,989 $54,483,464,293
2007 $73,037,821,926 $44,433,521,725
2006 $58,653,659,980 $34,382,295,487
2005 $41,396,636,384 $29,870,182,425
2004 $26,997,977,896 $26,159,078,743
2003 $20,342,128,112 $21,146,038,619
2002 $17,311,512,433 $16,403,880,783
2001 $8,936,079,118 $14,184,170,319
2000 $9,129,594,970 $13,246,669,554
1999 $6,152,923,310 $13,637,793,854
1998 $6,506,221,616 $15,031,821,788
1997 $7,648,380,196 $11,316,706,412
1996 $7,526,421,519 $12,295,588,924
1995 $5,538,749,260 $18,992,388,645
1994 $4,438,321,017 $9,709,230,161
1993 $5,768,720,422 $10,832,041,595
1992 $8,307,810,974 $8,602,874,120
1991 $10,603,784,541 $7,628,764,750
1990 $11,229,515,599 $20,726,605,649
1989 $10,201,780,977 $21,746,286,447
1988 $8,769,836,769 $23,003,003,708
1987 $8,084,412,414 $28,428,718,531
1986 $7,072,536,109 $20,261,546,635
1985 $7,554,065,410 $17,562,270,447
1984 $6,131,475,065 $17,410,894,971
1983 $5,784,341,596 $16,959,180,922
1982 $5,550,483,036 $19,803,624,625
1981 $5,550,483,036 $20,055,685,481
1980 $5,930,503,401 $20,039,544,133

Data sources: World Bank | Economy & Growth (1980–2025, retrieved 2026-07-08).

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

GDP per capita in Angola vs Bulgaria by year

Angola
GDP per capita

GDP per capita, PPP
Bulgaria
GDP per capita

GDP per capita, PPP
1x
Year Current $
Angola Bulgaria
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $3,129 - $20,328 -
2024 $2,721 $10,119 $17,597 $41,969
2023 $2,886 $9,754 $15,854 $38,829
2022 $3,599 $9,588 $14,000 $36,320
2021 $2,267 $8,862 $12,967 $30,959
2020 $1,749 $7,827 $10,761 $27,352
2019 $2,508 $8,573 $10,354 $26,766
2018 $2,892 $8,278 $9,850 $23,998
2017 $2,832 $8,007 $8,697 $22,317
2016 $2,082 $7,767 $7,823 $20,746
2015 $3,642 $8,067 $7,269 $18,896
2014 $5,650 $9,018 $8,070 $17,991
2013 $5,689 $8,504 $7,796 $16,894
2012 $5,702 $8,246 $7,432 $16,327
2011 $5,184 $7,538 $7,850 $15,747
2010 $4,102 $7,412 $6,854 $14,954
2009 $3,645 $7,228 $6,989 $14,188
2008 $4,578 $7,316 $7,272 $14,347
2007 $3,515 $6,728 $5,889 $12,822
2006 $2,930 $6,018 $4,523 $11,406
2005 $2,146 $5,416 $3,900 $10,291
2004 $1,451 $4,771 $3,390 $9,200
2003 $1,134 $4,322 $2,720 $8,416
2002 $999 $4,241 $2,093 $7,786
2001 $534 $3,802 $1,771 $6,960
2000 $564 $3,690 $1,621 $6,424
1999 $393 $3,619 $1,661 $5,808
1998 $429 $3,609 $1,821 $6,178
1997 $522 $3,525 $1,361 $5,751
1996 $531 $3,342 $1,470 $6,849
1995 $404 $2,990 $2,259 $7,743
1994 $335 $2,633 $1,150 $7,338
1993 $450 $2,628 $1,279 $7,032
1992 $669 $3,486 $1,007 $6,917
1991 $882 $3,740 $884 $7,215
1990 $966 $3,705 $2,377 $7,548
1989 $908 - $2,450 -
1988 $807 - $2,561 -
1987 $770 - $3,169 -
1986 $698 - $2,262 -
1985 $772 - $1,960 -
1984 $650 - $1,943 -
1983 $637 - $1,897 -
1982 $634 - $2,221 -
1981 $658 - $2,256 -
1980 $729 - $2,261 -

Data sources: World Bank | Economy & Growth (1980–2025, retrieved 2026-07-08).

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

Angola's GDP per capita is $3,129, ranking 142/197, compared to $20,328 in Bulgaria, ranking 58/197. Adjusted for purchasing power (GDP per capita PPP), Angola ranks 133rd at $10,119, while Bulgaria ranks 54th at $41,969.

Economic indicators

Angola Bulgaria
Gross domestic product
$122B
2025
$131B
2025
GDP rank
68/197
2025
63/197
2025
GDP growth
3.13%
2024-2025
3.1%
2024-2025
GDP per capita
$3,129
2025
$20,328
2025
GDP per capita rank
142/197
2025
58/197
2025
GDP per capita, PPP
$10,119
2024
$41,969
2024
GDP per capita PPP rank
133/197
2024
54/197
2024
Government debt
$62.7B
2025
$35.4B
2025
Debt-to-GDP ratio
51.3%
2025
27.1%
2025
Government debt per person
$1,606
2025
$5,507
2025
Government debt per person rank
127/185
2025
79/185
2025
Average annual personal income after taxes
$2,550
2026
$16,126
2026
Market capitalization of domestic companies n/a
$11.2B
2025
Number of billionaires n/a
2
2026
Income share by richest 10%
39.6%
2018
31.1%
2023
Income share by poorest 10%
1.3%
2018
2.1%
2023
Government expenditure, % of GDP
18.9%
2025
38.9%
2025
Consumer prices inflation
20.2%
2024-2025
3.5%
2024-2025
Central bank interest rate
17.5%
2026
1.81%
2025
Unemployment rate
10.4%
2025
3.5%
2025
Population
40839390
6390149

Spending and national debt comparison by year

Angola
Spending

Debt
Bulgaria
Spending

Debt
1x
Year % of GDP
Angola Bulgaria
Government spending Government debt Government spending Government debt
2025 18.9% 51.3% 38.9% 27.1%
2024 19% 57.1% 36.3% 23.8%
2023 23.3% 75.7% 37.5% 22.9%
2022 24.8% 57.4% 37.6% 22.5%
2021 22.8% 75.5% 38.5% 23.9%
2020 24.4% 119.8% 37.7% 22.7%
2019 20.9% 100.8% 36.1% 18.4%
2018 17.8% 81.6% 34.4% 20.1%
2017 20.7% 59.6% 32% 22.9%
2016 19.1% 65.7% 32.7% 27%
2015 23.9% 50.4% 37.3% 25.4%
2014 32.3% 35.3% 37.1% 26.3%
2013 32.9% 29.5% 35.5% 17.2%
2012 33.2% 23.8% 32.5% 16.5%
2011 33.3% 26.3% 32% 14.3%
2010 34.6% 32.6% 34.6% 14.1%
2009 38.7% 48.4% 33.8% 14.5%
2008 47.2% 28.1% 33.5% 14.7%
2007 34.1% 18.8% 33.1% 17.6%
2006 27.3% 16.7% 32.5% 22.6%
2005 23.7% 29.9% 34% 28.5%
2004 26% 41.6% 34.6% 37.8%
2003 30.1% 50.8% 35.8% 45.4%
2002 27.6% 65.1% 35.1% 53.4%
2001 30.3% 100.2% 36.5% 67.1%
2000 35.8% 118.2% 37.1% 73.3%
1999 45.7% 104.8% 36.2% 78.7%
1998 30.3% 96.3% 30.6% 67.3%
1997 31.1% 73.5% 32.9% 88.4%
1996 29.3% 92% 44% 113.8%
1995 - - 45.4% 72%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1996–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1995–1999, retrieved 2026-07-08).

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

In 2025, Angola's government spending was $23B, accounting for 18.9% of its GDP, while Bulgaria spent $50.8B, or 38.9% of GDP.

Debt-to-GDP ratio is 51.3% in Angola and 27.1% in Bulgaria, ranking 103/185 and 164/185, respectively.

Government deficit by year

Deficit/surplus
Angola

Bulgaria
1x
Year Deficit/surplus, % of GDP
Angola Bulgaria
2025 -4.07% -3.01%
2024 -1.19% -3.01%
2023 -2.49% -3.04%
2022 1.78% -0.8%
2021 1.35% -2.8%
2020 -3.05% -2.92%
2019 -0.2% -0.96%
2018 2% 0.12%
2017 -5.68% 0.82%
2016 -3.93% 1.54%
2015 -2.58% -2.77%
2014 -5.08% -3.65%
2013 -0.28% -1.75%
2012 3.67% -0.43%
2011 7.17% -1.83%
2010 2.96% -3.77%
2009 -6.83% -0.86%
2008 -3.82% 2.73%
2007 3.81% 3.09%
2006 8.42% 3.22%
2005 6.4% 2.19%
2004 1.03% 1.59%
2003 -4.1% 0.003%
2002 -2.24% -0.61%
2001 2.8% -0.58%
2000 2.02% -0.6%
1999 -9.4% 0.15%
1998 -5.92% 1.08%
1997 -0.27% 0.83%
1996 5.22% -10.1%
1995 - -7.98%
1994 - -
1993 - -
1992 - -
1991 - -
1990 - -
1989 - -
1988 - -
1987 - -
1986 - -
1985 - -
1984 - -
1983 - -
1982 - -
1981 - -
1980 - -
1979 - -
1978 - -
1977 - -
1976 - -
1975 - -
1974 - -
1973 - -
1972 - -
1971 - -
1970 - -
1969 - -
1968 - -
1967 - -
1966 - -
1965 - -
1964 - -
1963 - -
1962 - -
1961 - -
1960 - -
1959 - -
1958 - -
1957 - -
1956 - -
1955 - -
1954 - -
1953 - -
1952 - -
1951 - -
1950 - -
1949 - -
1948 - -
1947 - -
1946 - -
1945 - -
1944 - 0%
1943 - 0%
1942 - -0.3%
1941 - 3.96%
1940 - 0.75%
1939 - 0.72%
1938 - 1%
1937 - 1.41%
1936 - 1.17%
1935 - 1.34%
1934 - -0.12%
1933 - -0.56%
1932 - -2.14%
1931 - -3.07%
1930 - -5.48%
1929 - -6.67%
1928 - -1.09%
1927 - -0.02%
1926 - -0.25%
1925 - -0.97%
1924 - 1.26%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1996–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1924–1997, retrieved 2026-07-08).

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

In 2025, Angola's government deficit, the difference between spending and revenue, was $4.97B, equivalent to 4.07% of GDP. This compares to Bulgaria's deficit of $3.94B, or 3.01% of GDP.

Over the past 30 years, Angola recorded a fiscal deficit in 17 of those years, while Bulgaria ran a deficit in 18 years. On average, Angola posted an annual deficit equal to 0.42% of GDP, compared to deficit of 0.87% of GDP for Bulgaria.

Inflation comparison by year

Inflation
Angola

Bulgaria
1x
Year Consumer prices inflation
Angola Bulgaria
2025 20.2% 3.5%
2024 28.2% 2.6%
2023 13.6% 8.6%
2022 21.4% 13%
2021 25.8% 2.8%
2020 22.3% 1.2%
2019 17.1% 2.5%
2018 19.6% 2.6%
2017 29.8% 1.2%
2016 30.7% -1.3%
2015 9.2% -1.1%
2014 7.3% -1.6%
2013 8.8% 0.4%
2012 10.3% 2.4%
2011 13.5% 3.4%
2010 14.5% 3%
2009 13.7% 2.5%
2008 12.5% 12%
2007 12.2% 7.6%
2006 13.3% 7.4%
2005 23% 6%
2004 43.5% 6.1%
2003 98.2% 2.3%
2002 108.9% 5.8%
2001 152.6% 7.4%
2000 325% 10.3%
1999 248.2% 2.6%
1998 107.4% 18.7%
1997 221.5% 1,061%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Angola has recorded an average annual inflation rate of 57.7%, compared with 41.1% in Bulgaria. In 2025, inflation was 20.2% in Angola and 3.5% in Bulgaria.

Top exports between countries

Angola
Export category Export value
Metals $23K
Wood & paper products $9K
Machinery & equipment $4K
Bulgaria
Export category Export value
Raw materials & minerals $2.48M
Textiles & consumer goods $1.38M
Processed food, beverages & tobacco $380K
Chemicals & pharma $275K
Machinery & equipment $53K
Miscellaneous $19K
Animal & marine products $17K
Raw agricultural goods $9K
Metals $8K
Precious metals & jewellery $3K

Balance of trade

Angola Bulgaria
Current account balance
$536M
2025
-$7.64B
2025
Current account balance ranking
57/190
2025
170/190
2025
Current account balance, % of GDP
+0.44%
2025
-5.84%
2025
Goods imports
$15.5B
2025
$58.5B
2025
Goods exports
$30.6B
2025
$47.9B
2025
Service imports
$8.51B
2025
$9.42B
2025
Service exports
$118M
2025
$18.6B
2025
Imports of goods and services, % of GDP
11.7%
2025
51.8%
2025
Exports of goods and services, % of GDP
23%
2025
50.7%
2025

Economic freedom indices

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

Angola Bulgaria
Economic freedom 54.4 68.9
Economic freedom ranking 133/197 44/197
Property rights 36.9 75.8
Government integrity 28.3 48.4
Judicial effectiveness 26.3 58.5
Tax burden 86.9 89.1
Government spending 89.3 58.4
Fiscal health 91.9 90.4
Business freedom 42.8 78.2
Labor freedom 50.8 62.4
Monetary freedom 59 75.8
Trade freedom 70.4 79.4
Investment freedom 30 60
Financial freedom 40 50

Economic freedom comparison by year

Angola
Bulgaria
1x
Year Economic freedom index
Angola Bulgaria
2026 54.4 68.9
2025 55 68.8
2024 54.3 68.5
2023 53 69.3
2022 52.6 71
2021 54.2 70.4
2020 52.2 70.2
2019 50.6 69
2018 48.6 68.3
2017 48.5 67.9
2016 48.9 65.9
2015 47.9 66.8
2014 47.7 65.7
2013 47.3 65
2012 46.7 64.7
2011 46.2 64.9
2010 48.4 62.3
2009 47 64.6
2008 46.9 63.7
2007 44.7 62.7
2006 43.5 64.1
2005 - 62.3
2004 - 59.2
2003 - 57
2002 - 57.1
2001 - 51.9
2000 24.3 47.3
1999 23.7 46.2
1998 24.9 45.7
1997 24.2 47.6
1996 24.4 48.6
1995 27.4 50

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Angola is 54.4, ranking 133/197, compared to 68.9 for Bulgaria, ranking 44/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Angola Bulgaria
Services, % of GDP
46.8%
2025
63.3%
2025
Industry, % of GDP
27.1%
2025
21.2%
2025
Agriculture, forestry, and fishing, % of GDP
25.2%
2025
2.47%
2025
GNI, Atlas method
$112B
2025
$114B
2025
GNI per capita, PPP
$9,840
2025
$42,170
2025
Total reserves including gold
$13.5B
2025
$47.1B
2025
Total reserves ranking
75/177
2025
51/177
2025
Net foreign direct investment
-$1.02B
2025
-$3.37B
2025
Net inflows of foreign direct investment
-$1.11B
2024
$3.05B
2024
Net outflows of foreign direct investment
$33.1M
2024
$1.21B
2024
Servicing debt to the IMF, % of GNI
11.3%
2024
6.8%
2024
Poverty at national poverty lines
36.6%
2020
21.7%
2023
Gross capital formation, % of GDP
10.6%
2024
21.7%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1980–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1996–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1924–1999, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2020–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-07-08)

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.