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Economy of Angola vs Bulgaria compared: GDP & Debt

Updated on by Georank team

Angola has a GDP of $101B compared to $113B for Bulgaria, ranking 71/197 and 67/197 by economy size, respectively.

Angola has $60.5B in government debt (59.9% of GDP), compared to $27.3B (24.1% of GDP) in Bulgaria.

Angola vs Bulgaria GDP by year

Angola
Bulgaria
1x
Year GDP, current $
Angola Bulgaria
2024 $100,998,916,781 $113,343,355,780
2023 $107,167,747,140 $102,199,231,385
2022 $131,212,208,930 $90,506,153,294
2021 $79,559,543,805 $84,374,613,233
2020 $58,852,456,454 $70,486,877,546
2019 $80,734,428,593 $68,507,731,354
2018 $89,512,794,227 $66,097,226,262
2017 $84,376,935,689 $59,167,647,388
2016 $59,878,249,719 $53,929,397,039
2015 $102,543,067,841 $50,765,918,159
2014 $153,449,860,496 $57,080,897,012
2013 $148,845,200,697 $55,819,262,375
2012 $143,572,907,528 $54,297,052,002
2011 $125,551,634,704 $57,681,293,007
2010 $95,546,919,755 $50,689,051,382
2009 $81,705,175,408 $52,023,801,230
2008 $98,790,432,989 $54,480,684,188
2007 $73,037,821,927 $44,431,257,129
2006 $58,653,659,980 $34,380,536,496
2005 $41,396,636,383 $29,868,657,858
2004 $26,997,977,897 $26,157,743,369
2003 $20,342,128,112 $21,144,957,990
2002 $17,311,512,432 $16,403,043,850
2001 $8,936,079,118 $14,183,446,026
2000 $9,129,594,970 $13,245,990,274
1999 $6,152,923,310 $13,637,098,579
1998 $6,506,221,616 $15,031,055,047
1997 $7,648,380,196 $11,316,127,379
1996 $7,526,421,519 $12,294,964,838
1995 $5,538,749,260 $18,991,484,420
1994 $4,438,321,017 $9,709,240,034
1993 $5,768,720,422 $10,832,064,942
1992 $8,307,810,974 $8,602,887,623
1991 $10,603,784,541 $7,628,738,475
1990 $11,229,515,599 $20,632,090,909
1989 $10,201,780,977 $21,988,444,444
1988 $8,769,836,769 $22,555,941,176
1987 $8,084,412,414 $28,101,000,000
1986 $7,072,536,109 $20,249,294,118
1985 $7,554,065,410 $17,155,421,053
1984 $6,131,475,065 $17,594,944,444
1983 $5,784,341,596 $16,563,666,667
1982 $5,550,483,036 $19,342,000,000
1981 $5,550,483,036 $19,870,000,000
1980 $5,930,503,401 $19,839,230,769

Data sources: World Bank | Economy & Growth (1980–2024, retrieved 2026-04-06).

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
2024 $2,666 $10,119 $17,596 $41,969
2023 $2,916 $9,754 $15,853 $38,829
2022 $3,682 $9,588 $13,999 $36,320
2021 $2,304 $8,862 $12,966 $30,959
2020 $1,759 $7,827 $10,760 $27,352
2019 $2,494 $8,573 $10,354 $26,766
2018 $2,860 $8,278 $9,849 $23,998
2017 $2,791 $8,007 $8,697 $22,317
2016 $2,052 $7,767 $7,822 $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 $6,988 $14,188
2008 $4,578 $7,316 $7,271 $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 $2,719 $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 $1,820 $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 $2,367 $7,548
1989 $908 - $2,477 -
1988 $807 - $2,511 -
1987 $770 - $3,132 -
1986 $698 - $2,260 -
1985 $772 - $1,915 -
1984 $650 - $1,964 -
1983 $637 - $1,853 -
1982 $634 - $2,169 -
1981 $658 - $2,235 -
1980 $729 - $2,239 -

Data sources: World Bank | Economy & Growth (1980–2024, retrieved 2026-04-06).

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

Angola's GDP per capita is $2,666, ranking 144/197, compared to $17,596 in Bulgaria, ranking 64/197. 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
$101B
2024
$113B
2024
GDP rank
71/197
2024
67/197
2024
GDP growth
4.42%
2023-2024
3.39%
2023-2024
GDP per capita
$2,666
2024
$17,596
2024
GDP per capita rank
144/197
2024
64/197
2024
GDP per capita, PPP
$10,119
2024
$41,969
2024
GDP per capita PPP rank
133/197
2024
54/197
2024
Government debt
$60.5B
2024
$27.3B
2024
Debt-to-GDP ratio
59.9%
2024
24.1%
2024
Government debt per person
$1,597
2024
$4,237
2024
Government debt per person rank
127/185
2024
90/185
2024
Average annual personal income after taxes
$28,080
2026
$14,263
2026
Market capitalization of domestic companies n/a
$8.41B
2024
Number of billionaires n/a
2
2025
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
18.4%
2024
36.7%
2024
Consumer prices inflation
28.2%
2023-2024
2.6%
2023-2024
Central bank interest rate
18%
2023
1.81%
2025
Unemployment rate
14.1%
2022
4.17%
2024
Population
40555924
6359449

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
2024 18.4% 59.9% 36.7% 24.1%
2023 18.8% 72.4% 37.4% 22.9%
2022 19.5% 56.1% 37.6% 22.5%
2021 17.3% 74.3% 38.4% 23.8%
2020 20% 119.1% 37.6% 22.7%
2019 18.2% 101.4% 36% 18.4%
2018 18.3% 82.5% 34.4% 20.1%
2017 21% 60.5% 32% 22.9%
2016 19.4% 66.7% 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 39.4% 104.8% 36.2% 78.7%
1998 26.1% 96.3% 30.6% 67.3%
1997 26.8% 73.5% 32.9% 88.4%
1996 25.2% 92% 44% 113.8%
1995 - - 45.4% 72%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1996–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1995–1999, retrieved 2026-02-20).

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

In 2024, Angola's government spending was $18.6B, accounting for 18.4% of its GDP, while Bulgaria spent $41.5B, or 36.7% of GDP.

Debt-to-GDP ratio is 59.9% in Angola and 24.1% in Bulgaria, ranking 78/185 and 169/185, respectively.

Government deficit by year

Deficit/surplus
Angola

Bulgaria
1x
Year Deficit/surplus, % of GDP
Angola Bulgaria
2024 -1.01% -3.04%
2023 -1.83% -3.03%
2022 0.58% -0.8%
2021 3.4% -2.8%
2020 -1.66% -2.92%
2019 0.69% -0.96%
2018 2.03% 0.12%
2017 -5.75% 0.82%
2016 -3.98% 1.54%
2015 -2.57% -2.77%
2014 -5.07% -3.65%
2013 -0.27% -1.75%
2012 3.68% -0.43%
2011 7.2% -1.83%
2010 2.98% -3.77%
2009 -6.8% -0.86%
2008 -3.8% 2.73%
2007 3.85% 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 -8.1% 0.15%
1998 -5.1% 1.08%
1997 -0.23% 0.83%
1996 4.49% -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 (1996–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1924–1997, retrieved 2026-02-20).

GeoRank.org/economy/angola/bulgaria | 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 Bulgaria's deficit of $3.44B, or 3.04% of GDP.

Over the past 29 years, Angola recorded a fiscal deficit in 15 of those years, while Bulgaria ran a deficit in 17 years. On average, Angola posted an annual deficit equal to 0.1% of GDP, compared to deficit of 0.8% of GDP for Bulgaria.

Inflation comparison by year

Inflation
Angola

Bulgaria
1x
Year Consumer prices inflation
Angola Bulgaria
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 (1997–2024, retrieved 2026-02-20).

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

Over the past 28 years, Angola has recorded an average annual inflation rate of 59%, compared with 42.5% in Bulgaria. In 2024, inflation was 28.2% in Angola and 2.6% 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 $3.17M
Textiles & consumer goods $1.19M
Chemicals & pharma $830K
Processed food, beverages & tobacco $407K
Machinery & equipment $94K
Miscellaneous $19K
Animal & marine products $17K
Raw agricultural goods $9K
Metals $8K
Precious metals & jewellery $3K

Balance of trade

Angola Bulgaria
Current account balance
$6.31B
2024
-$1.74B
2024
Current account balance ranking
30/190
2024
138/190
2024
Current account balance, % of GDP
+6.25%
2024
-1.54%
2024
Goods imports
$14.2B
2024
$52.8B
2024
Goods exports
$36.8B
2024
$47.3B
2024
Service imports
$8.49B
2024
$8.26B
2024
Service exports
$129M
2024
$16.6B
2024
Imports of goods and services, % of GDP
19.4%
2024
53.9%
2024
Exports of goods and services, % of GDP
31.5%
2024
56.4%
2024

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 2026-03-09).

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
41.1%
2024
63.8%
2024
Industry, % of GDP
34.6%
2024
21.1%
2024
Agriculture, forestry, and fishing, % of GDP
22.1%
2024
2.35%
2024
GNI, Atlas method
$108B
2024
$99B
2024
GNI per capita, PPP
$9,460
2024
$39,850
2024
Total reserves including gold
$14.2B
2024
$43.7B
2024
Total reserves ranking
69/177
2024
47/177
2024
Net foreign direct investment
$1.14B
2024
-$2.22B
2024
Net inflows of foreign direct investment
-$1.11B
2024
$3.55B
2024
Net outflows of foreign direct investment
$33.1M
2024
$1.13B
2024
Servicing debt to the IMF, % of GNI
11.5%
2024
6.8%
2024
Poverty at national poverty lines
36.6%
2020
21.7%
2023
Gross capital formation, % of GDP
10.4%
2024
20.4%
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/bulgaria | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1980–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1996–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1924–1999, retrieved 2026-02-20)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2020–2024, retrieved 2026-02-08)
  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.