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Economy of Angola vs Canada compared: GDP & Debt

Updated on by Georank

Angola has a GDP of $122B compared to $2.32T for Canada, ranking 68/197 and 10/197 by economy size, respectively.

Angola has $62.7B in government debt (51.3% of GDP), compared to $2.63T (113.5% of GDP) in Canada.

Angola vs Canada GDP by year

Angola
Canada
1x
Year GDP, current $
Angola Canada
2025 $122,174,889,424 $2,319,899,772,426
2024 $103,080,538,044 $2,270,076,189,683
2023 $106,042,349,567 $2,196,593,836,347
2022 $128,233,959,333 $2,200,562,785,046
2021 $78,283,923,544 $2,022,377,950,897
2020 $58,512,033,806 $1,655,686,966,882
2019 $81,193,813,808 $1,743,728,952,157
2018 $90,506,061,877 $1,725,330,736,238
2017 $85,629,598,654 $1,649,269,496,515
2016 $60,770,049,747 $1,527,996,250,641
2015 $102,543,067,841 $1,556,510,380,200
2014 $153,449,860,496 $1,805,751,688,809
2013 $148,845,200,696 $1,846,583,831,414
2012 $143,572,907,528 $1,828,359,477,072
2011 $125,551,634,705 $1,793,335,727,901
2010 $95,546,919,754 $1,617,349,192,091
2009 $81,705,175,409 $1,374,627,766,600
2008 $98,790,432,989 $1,552,993,439,550
2007 $73,037,821,926 $1,468,820,407,783
2006 $58,653,659,980 $1,319,291,255,289
2005 $41,396,636,384 $1,173,118,501,403
2004 $26,997,977,896 $1,026,691,006,918
2003 $20,342,128,112 $895,542,074,085
2002 $17,311,512,433 $760,650,608,552
2001 $8,936,079,118 $738,981,792,355
2000 $9,129,594,970 $744,773,415,932
1999 $6,152,923,310 $678,414,215,521
1998 $6,506,221,616 $633,999,325,918
1997 $7,648,380,196 $654,987,722,086
1996 $7,526,421,519 $630,607,994,133
1995 $5,538,749,260 $605,961,090,061
1994 $4,438,321,017 $579,944,346,807
1993 $5,768,720,422 $579,053,561,739
1992 $8,307,810,974 $594,387,358,319
1991 $10,603,784,541 $612,527,712,316
1990 $11,229,515,599 $596,075,591,361
1989 $10,201,780,977 $567,211,993,243
1988 $8,769,836,769 $509,380,027,627
1987 $8,084,412,414 $433,134,238,311
1986 $7,072,536,109 $379,006,836,992
1985 $7,554,065,410 $366,186,012,450
1984 $6,131,475,065 $356,718,400,124
1983 $5,784,341,596 $341,866,277,183
1982 $5,550,483,036 $314,647,807,409
1981 $5,550,483,036 $307,246,642,756
1980 $5,930,503,401 $274,776,566,028
1979 - $243,891,124,296
1978 - $219,369,542,386
1977 - $212,325,176,305
1976 - $207,271,612,576
1975 - $174,419,757,177
1974 - $160,949,188,139
1973 - $131,764,343,566
1972 - $113,463,848,874
1971 - $99,606,454,744
1970 - $88,192,257,632
1969 - $79,405,011,125
1968 - $72,048,833,006
1967 - $65,856,924,424
1966 - $61,252,415,405
1965 - $54,649,410,479
1964 - $49,503,663,836
1963 - $45,140,337,827
1962 - $42,336,211,556
1961 - $41,038,192,838
1960 - $40,563,768,947

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Angola vs Canada by year

Angola
GDP per capita

GDP per capita, PPP
Canada
GDP per capita

GDP per capita, PPP
1x
Year Current $
Angola Canada
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $3,129 - $55,698 -
2024 $2,721 $10,119 $55,016 $64,610
2023 $2,886 $9,754 $54,848 $64,219
2022 $3,599 $9,588 $56,497 $63,944
2021 $2,267 $8,862 $52,887 $56,995
2020 $1,749 $7,827 $43,538 $48,591
2019 $2,508 $8,573 $46,353 $50,499
2018 $2,892 $8,278 $46,539 $49,983
2017 $2,832 $8,007 $45,130 $48,317
2016 $2,082 $7,767 $42,314 $46,471
2015 $3,642 $8,067 $43,594 $44,668
2014 $5,650 $9,018 $50,961 $45,758
2013 $5,689 $8,504 $52,638 $44,301
2012 $5,702 $8,246 $52,670 $42,292
2011 $5,184 $7,538 $52,224 $41,667
2010 $4,102 $7,412 $47,561 $40,103
2009 $3,645 $7,228 $40,875 $38,863
2008 $4,578 $7,316 $46,710 $40,376
2007 $3,515 $6,728 $44,660 $39,573
2006 $2,930 $6,018 $40,505 $38,123
2005 $2,146 $5,416 $36,384 $36,328
2004 $1,451 $4,771 $32,146 $33,929
2003 $1,134 $4,322 $28,302 $32,350
2002 $999 $4,241 $24,256 $30,964
2001 $534 $3,802 $23,822 $30,241
2000 $564 $3,690 $24,271 $29,348
1999 $393 $3,619 $22,315 $27,841
1998 $429 $3,609 $21,025 $26,324
1997 $522 $3,525 $21,902 $25,264
1996 $531 $3,342 $21,297 $24,055
1995 $404 $2,990 $20,680 $23,474
1994 $335 $2,633 $19,998 $22,624
1993 $450 $2,628 $20,187 $21,432
1992 $669 $3,486 $20,950 $20,619
1991 $882 $3,740 $21,847 $20,220
1990 $966 $3,705 $21,526 $20,226
1989 $908 - $20,795 -
1988 $807 - $19,013 -
1987 $770 - $16,378 -
1986 $698 - $14,521 -
1985 $772 - $14,170 -
1984 $650 - $13,930 -
1983 $637 - $13,477 -
1982 $634 - $12,527 -
1981 $658 - $12,379 -
1980 $729 - $11,208 -
1979 - - $10,078 -
1978 - - $9,154 -
1977 - - $8,949 -
1976 - - $8,839 -
1975 - - $7,537 -
1974 - - $7,057 -
1973 - - $5,858 -
1972 - - $5,107 -
1971 - - $4,535 -
1970 - - $4,136 -
1969 - - $3,776 -
1968 - - $3,473 -
1967 - - $3,226 -
1966 - - $3,055 -
1965 - - $2,777 -
1964 - - $2,562 -
1963 - - $2,380 -
1962 - - $2,274 -
1961 - - $2,246 -
1960 - - $2,265 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Angola's GDP per capita is $3,129, ranking 142/197, compared to $55,698 in Canada, ranking 23/197. Adjusted for purchasing power (GDP per capita PPP), Angola ranks 133rd at $10,119, while Canada ranks 28th at $64,610.

Economic indicators

Angola Canada
Gross domestic product
$122B
2025
$2.32T
2025
GDP rank
68/197
2025
10/197
2025
GDP growth
3.13%
2024-2025
1.74%
2024-2025
GDP per capita
$3,129
2025
$55,698
2025
GDP per capita rank
142/197
2025
23/197
2025
GDP per capita, PPP
$10,119
2024
$64,610
2024
GDP per capita PPP rank
133/197
2024
28/197
2024
Government debt
$62.7B
2025
$2.63T
2025
Debt-to-GDP ratio
51.3%
2025
113.5%
2025
Government debt per person
$1,606
2025
$63,220
2025
Government debt per person rank
127/185
2025
5/185
2025
Average annual personal income after taxes
$2,550
2026
$36,531
2026
Market capitalization of domestic companies n/a
$4.62T
2025
Number of millionaires n/a
2,098,000
2026
Number of billionaires n/a
82
2026
Income share by richest 10%
39.6%
2018
24.6%
2022
Income share by poorest 10%
1.3%
2018
2.9%
2022
Government expenditure, % of GDP
18.9%
2025
44%
2025
Consumer prices inflation
20.2%
2024-2025
2.07%
2024-2025
Central bank interest rate
17.5%
2026
2.25%
2025
Unemployment rate
10.4%
2025
6.82%
2025
Population
40839390
42199836

Spending and national debt comparison by year

Angola
Spending

Debt
Canada
Spending

Debt
1x
Year % of GDP
Angola Canada
Government spending Government debt Government spending Government debt
2025 18.9% 51.3% 44% 113.5%
2024 19% 57.1% 44.3% 110%
2023 23.3% 75.7% 41.8% 105.1%
2022 24.8% 57.4% 40.4% 103.5%
2021 22.8% 75.5% 45.5% 112.6%
2020 24.4% 119.8% 52.4% 118.1%
2019 20.9% 100.8% 40.6% 90.1%
2018 17.8% 81.6% 40.7% 90.8%
2017 20.7% 59.6% 40.5% 91%
2016 19.1% 65.7% 40.8% 92.5%
2015 23.9% 50.4% 40% 92.3%
2014 32.3% 35.3% 38.4% 85.8%
2013 32.9% 29.5% 40% 87.7%
2012 33.2% 23.8% 40.9% 87%
2011 33.3% 26.3% 41.6% 84.3%
2010 34.6% 32.6% 43.1% 84%
2009 38.7% 48.4% 43.4% 81.8%
2008 47.2% 28.1% 38.8% 70.4%
2007 34.1% 18.8% 38.5% 67.2%
2006 27.3% 16.7% 38.7% 69.9%
2005 23.7% 29.9% 38.5% 70.6%
2004 26% 41.6% 39.1% 71.9%
2003 30.1% 50.8% 40.3% 75.9%
2002 27.6% 65.1% 40.4% 79.6%
2001 30.3% 100.2% 41.1% 81.5%
2000 35.8% 118.2% 40.6% 80.4%
1999 45.7% 104.8% 41.8% 89%
1998 30.3% 96.3% 43.4% 93.3%
1997 31.1% 73.5% 43.5% 95.3%
1996 29.3% 92% 45.9% 100.2%
1995 - - 47.7% 100.1%
1994 - - 49% 97.5%
1993 - - 51.5% 94.7%
1992 - - 52.5% 88.2%
1991 - - 51.4% 81.7%
1990 - - 48.1% 73.7%
1989 - - 45.8% 72.2%
1988 - - 45.4% 71.1%
1987 - - 46.1% 71.4%
1986 - - 47.6% 71%
1985 - - 48.3% 66.9%
1984 - - 47.5% 61.7%
1983 - - 47.9% 58.4%
1982 - - 47.3% 52.7%
1981 - - 42.5% 46.9%
1980 - - 41.6% 45.6%
1979 - - 40% 45.3%
1978 - - 41.6% 48%
1977 - - 41.4% 45.1%
1976 - - 40.2% 43.6%
1975 - - 41.1% 45.2%
1974 - - 37.6% 45.8%
1973 - - 36% 48%
1972 - - 37.5% 53.5%
1971 - - 37.3% 55.3%
1970 - - 36% 54.3%
1969 - - 33.9% 53%
1968 - - 33.8% 55.9%
1967 - - 32.9% 56.9%
1966 - - 30.8% 56.6%
1965 - - 29.8% 60.1%
1964 - - 29.7% 63.7%
1963 - - 30.3% 67%
1962 - - 30.6% 67.2%
1961 - - 30.6% 68.2%
1960 - - 14.9% 66.1%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08).

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

In 2025, Angola's government spending was $23B, accounting for 18.9% of its GDP, while Canada spent $1.02T, or 44% of GDP.

Debt-to-GDP ratio is 51.3% in Angola and 113.5% in Canada, ranking 103/185 and 14/185, respectively.

Government deficit by year

Deficit/surplus
Angola

Canada
1x
Year Deficit/surplus, % of GDP
Angola Canada
2025 -4.07% -1.77%
2024 -1.19% -2.12%
2023 -2.49% -0.16%
2022 1.78% 0.62%
2021 1.35% -3.06%
2020 -3.05% -10.9%
2019 -0.2% -0.02%
2018 2% 0.36%
2017 -5.68% -0.11%
2016 -3.93% -0.45%
2015 -2.58% -0.06%
2014 -5.08% 0.17%
2013 -0.28% -1.49%
2012 3.67% -2.52%
2011 7.17% -3.31%
2010 2.96% -4.74%
2009 -6.83% -3.88%
2008 -3.82% 0.18%
2007 3.81% 1.82%
2006 8.42% 1.83%
2005 6.4% 1.55%
2004 1.03% 0.77%
2003 -4.1% -0.13%
2002 -2.24% -0.23%
2001 2.8% 0.53%
2000 2.02% 2.64%
1999 -9.4% 1.66%
1998 -5.92% 0.14%
1997 -0.27% 0.04%
1996 5.22% -3.05%
1995 - -5.49%
1994 - -6.94%
1993 - -8.93%
1992 - -9.2%
1991 - -8.36%
1990 - -5.91%
1989 - -4.6%
1988 - -4.33%
1987 - -5.42%
1986 - -7.14%
1985 - -8.59%
1984 - -7.78%
1983 - -8.17%
1982 - -7.03%
1981 - -2.83%
1980 - -4.07%
1979 - -3.41%
1978 - -4.77%
1977 - -4.1%
1976 - -2.78%
1975 - -3.54%
1974 - 1.1%
1973 - 0.6%
1972 - -0.97%
1971 - -1.02%
1970 - -0.36%
1969 - 1.2%
1968 - -0.45%
1967 - -0.82%
1966 - -0.07%
1965 - -0.25%
1964 - -0.68%
1963 - -2.31%
1962 - -2.6%
1961 - -2.75%
1960 - -0.85%
1959 - -1.08%
1958 - -1.69%
1957 - -0.11%
1956 - 0.77%
1955 - -0.11%
1954 - -0.57%
1953 - 0.3%
1952 - 0.09%
1951 - 1.1%
1950 - 1.09%
1949 - 0.78%
1948 - 3.84%
1947 - 5.02%
1946 - 3.14%
1945 - -17.9%
1944 - -21.6%
1943 - -23.1%
1942 - -20.8%
1941 - -4.79%
1940 - -5.62%
1939 - -2.11%
1938 - -0.97%
1937 - -0.34%
1936 - -1.68%
1935 - -3.72%
1934 - -2.93%
1933 - -3.83%
1932 - -5.79%
1931 - -2.43%
1930 - -1.47%
1929 - 0.78%
1928 - 1.12%
1927 - 0.92%
1926 - 0.81%
1925 - 0.55%
1924 - 0.007%
1923 - 0.79%
1922 - -0.75%
1921 - -2%
1920 - -1.82%
1919 - -8.94%
1918 - -8.98%
1917 - -7.83%
1916 - -8.14%
1915 - -6.17%
1914 - -4.63%
1913 - -0.82%
1912 - 1.03%
1911 - 0.004%
1910 - -0.18%
1909 - -0.67%
1908 - -2.78%
1907 - -0.83%
1906 - 0.22%
1905 - -0.07%
1904 - -0.44%
1903 - 0.07%
1902 - 0.91%
1901 - -0.34%
1900 - -0.33%
1899 - 0.1%
1898 - -0.3%
1897 - -0.35%
1896 - -0.48%
1895 - -0.85%
1894 - -1.06%
1893 - -0.66%
1892 - -0.07%
1891 - 3.23%
1890 - -0.04%
1889 - 0%
1888 - -0.48%
1887 - -1.18%
1886 - -0.73%
1885 - -4.82%
1884 - -2.43%
1883 - -3.88%
1882 - -0.78%
1881 - 0.32%
1880 - -0.62%
1879 - -2.11%
1878 - -0.63%
1877 - -1.63%
1876 - -2.06%
1875 - -1.88%
1874 - -1.57%
1873 - -1.74%
1872 - -3.93%
1871 - -1.09%
1870 - 0.13%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1870–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/angola/canada | 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 Canada's deficit of $41B, or 1.77% of GDP.

Over the past 30 years, Angola recorded a fiscal deficit in 17 of those years, while Canada ran a deficit in 17 years. On average, Angola posted an annual deficit equal to 0.42% of GDP, compared to deficit of 0.86% of GDP for Canada.

Inflation comparison by year

Inflation
Angola

Canada
1x
Year Consumer prices inflation
Angola Canada
2025 20.2% 2.07%
2024 28.2% 2.38%
2023 13.6% 3.88%
2022 21.4% 6.8%
2021 25.8% 3.4%
2020 22.3% 0.72%
2019 17.1% 1.95%
2018 19.6% 2.27%
2017 29.8% 1.6%
2016 30.7% 1.43%
2015 9.2% 1.13%
2014 7.3% 1.91%
2013 8.8% 0.94%
2012 10.3% 1.52%
2011 13.5% 2.91%
2010 14.5% 1.78%
2009 13.7% 0.3%
2008 12.5% 2.37%
2007 12.2% 2.14%
2006 13.3% 2%
2005 23% 2.21%
2004 43.5% 1.86%
2003 98.2% 2.76%
2002 108.9% 2.26%
2001 152.6% 2.53%
2000 325% 2.72%
1999 248.2% 1.73%
1998 107.4% 1%
1997 221.5% 1.62%

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

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

Over the past 29 years, Angola has recorded an average annual inflation rate of 57.7%, compared with 2.14% in Canada. In 2025, inflation was 20.2% in Angola and 2.07% in Canada.

Top exports between countries

Angola
Export category Export value
Raw materials & minerals $727M
Machinery & equipment $2.78M
Textiles & consumer goods $26K
Metals $19K
Raw agricultural goods $11K
Animal & marine products $6K
Processed food, beverages & tobacco $6K
Chemicals & pharma $2K
Precious metals & jewellery $2K
Canada
Export category Export value
Machinery & equipment $116M
Raw agricultural goods $22.5M
Textiles & consumer goods $2.6M
Metals $2.37M
Animal & marine products $1.43M
Raw materials & minerals $1.11M
Chemicals & pharma $896K
Miscellaneous $854K
Processed food, beverages & tobacco $195K
Wood & paper products $81K

Balance of trade

Angola Canada
Current account balance
$536M
2025
-$22B
2025
Current account balance ranking
57/190
2025
184/190
2025
Current account balance, % of GDP
+0.44%
2025
-0.95%
2025
Goods imports
$15.5B
2025
$577B
2025
Goods exports
$30.6B
2025
$555B
2025
Service imports
$8.51B
2025
$169B
2025
Service exports
$118M
2025
$172B
2025
Imports of goods and services, % of GDP
11.7%
2025
32.2%
2025
Exports of goods and services, % of GDP
23%
2025
31.3%
2025

Economic freedom indices

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

Angola Canada
Economic freedom 54.4 75.6
Economic freedom ranking 133/197 17/197
Property rights 36.9 85.9
Government integrity 28.3 85.5
Judicial effectiveness 26.3 96
Tax burden 86.9 74.7
Government spending 89.3 45.9
Fiscal health 91.9 79.7
Business freedom 42.8 84.2
Labor freedom 50.8 68.3
Monetary freedom 59 73.8
Trade freedom 70.4 83.2
Investment freedom 30 60
Financial freedom 40 70

Economic freedom comparison by year

Angola
Canada
1x
Year Economic freedom index
Angola Canada
2026 54.4 75.6
2025 55 75.5
2024 54.3 72.4
2023 53 73.7
2022 52.6 76.6
2021 54.2 77.9
2020 52.2 78.2
2019 50.6 77.7
2018 48.6 77.7
2017 48.5 78.5
2016 48.9 78
2015 47.9 79.1
2014 47.7 80.2
2013 47.3 79.4
2012 46.7 79.9
2011 46.2 80.8
2010 48.4 80.4
2009 47 80.5
2008 46.9 80.2
2007 44.7 78
2006 43.5 77.4
2005 - 75.8
2004 - 75.3
2003 - 74.8
2002 - 74.6
2001 - 71.2
2000 24.3 70.5
1999 23.7 69.3
1998 24.9 68.5
1997 24.2 67.9
1996 24.4 70.3
1995 27.4 69.4

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

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

The Economic Freedom Index for Angola is 54.4, ranking 133/197, compared to 75.6 for Canada, ranking 17/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Angola Canada
Services, % of GDP
46.8%
2025
64.1%
2022
Industry, % of GDP
27.1%
2025
27.4%
2022
Agriculture, forestry, and fishing, % of GDP
25.2%
2025
1.93%
2022
GNI, Atlas method
$112B
2025
$2.35T
2025
GNI per capita, PPP
$9,840
2025
$66,820
2025
Total reserves including gold
$13.5B
2025
$126B
2025
Total reserves ranking
75/177
2025
26/177
2025
Net foreign direct investment
-$1.02B
2025
-$11.9B
2025
Net inflows of foreign direct investment
-$1.11B
2024
$63.1B
2024
Net outflows of foreign direct investment
$33.1M
2024
$89.4B
2024
Servicing debt to the IMF, % of GNI
11.3%
2024
n/a
Poverty at national poverty lines
36.6%
2020
9.4%
2020
Gross capital formation, % of GDP
10.6%
2024
23.2%
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/canada | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1870–1999, retrieved 2026-07-08)
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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.