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Economy of Angola vs Chad compared: GDP & Debt

Updated on by Georank team

Angola has a GDP of $101B compared to $19.5B for Chad, ranking 71/197 and 132/197 by economy size, respectively.

Angola has $63.1B in government debt (63.9% of GDP), compared to $6.6B (33.8% of GDP) in Chad.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Angola
GDP, current $

GDP, constant 2015 $
Chad
GDP, current $

GDP, constant 2015 $
Year GDP
Angola Chad
Current $ Constant $ Current $ Constant $
1960 - - $313,582,728 $2,446,244,184
1961 - - $333,975,336 $2,480,436,408
1962 - - $357,635,713 $2,613,390,679
1963 - - $371,767,002 $2,571,590,697
1964 - - $392,247,518 $2,507,019,608
1965 - - $416,926,303 $2,522,217,857
1966 - - $432,794,922 $2,476,639,050
1967 - - $449,826,323 $2,495,639,859
1968 - - $453,980,096 $2,484,229,323
1969 - - $471,635,622 $2,655,176,849
1970 - - $469,266,737 $2,704,554,018
1971 - - $501,866,730 $2,643,765,748
1972 - - $585,427,547 $2,674,158,905
1973 - - $647,199,483 $2,450,040,776
1974 - - $652,532,795 $2,571,608,187
1975 - - $864,602,105 $2,803,316,959
1976 - - $866,044,962 $2,886,877,257
1977 - - $935,360,465 $2,951,388,134
1978 - - $1,113,920,124 $2,937,527,406
1979 - - $1,004,316,496 $2,307,689,579
1980 $5,930,503,401 $25,920,531,977 $1,033,002,404 $2,168,128,111
1981 $5,550,483,036 $24,780,028,254 $876,937,558 $2,190,739,912
1982 $5,550,483,036 $24,780,028,254 $834,369,860 $2,307,870,209
1983 $5,784,341,596 $25,820,789,795 $832,415,806 $2,669,714,666
1984 $6,131,475,065 $27,370,037,742 $919,103,735 $2,724,414,421
1985 $7,554,065,410 $28,327,988,923 $1,033,069,709 $3,318,139,886
1986 $7,072,536,109 $29,149,501,095 $1,067,828,246 $3,182,704,448
1987 $8,084,412,414 $30,339,601,954 $1,163,426,852 $3,106,675,733
1988 $8,769,836,769 $32,199,082,929 $1,482,597,298 $3,587,662,426
1989 $10,201,780,977 $32,212,484,658 $1,433,686,312 $3,762,910,231
1990 $11,229,515,599 $31,101,122,148 $1,738,605,558 $3,605,678,067
1991 $10,603,784,541 $31,409,446,016 $1,877,137,982 $3,913,427,636
1992 $8,307,810,974 $29,575,674,380 $1,881,847,670 $4,226,558,331
1993 $5,768,720,422 $22,482,416,932 $1,463,251,164 $3,562,572,905
1994 $4,438,321,017 $22,783,538,205 $1,179,837,963 $3,923,706,917
1995 $5,538,749,260 $26,201,068,942 $1,445,919,895 $3,972,225,488
1996 $7,526,421,519 $29,749,838,599 $1,607,345,356 $4,060,189,350
1997 $7,648,380,196 $31,913,924,371 $1,544,689,577 $4,289,727,783
1998 $6,506,221,616 $33,411,053,302 $1,744,794,531 $4,587,931,638
1999 $6,152,923,310 $34,139,911,994 $1,534,673,583 $4,556,602,937
2000 $9,129,594,970 $35,182,758,020 $1,388,506,772 $4,516,519,366
2001 $8,936,079,118 $36,662,544,314 $1,710,843,377 $5,043,061,275
2002 $17,311,512,432 $41,672,733,512 $1,997,005,709 $5,471,278,189
2003 $20,342,128,112 $43,125,991,915 $2,742,815,072 $6,276,741,545
2004 $26,997,977,897 $48,050,921,278 $4,422,855,661 $8,387,570,300
2005 $41,396,636,383 $54,852,422,288 $8,655,892,393 $9,841,348,752
2006 $58,653,659,980 $61,347,946,236 $9,709,626,596 $9,787,927,001
2007 $73,037,821,927 $69,324,828,859 $10,865,385,132 $10,199,036,983
2008 $98,790,432,989 $76,802,645,841 $13,385,593,990 $10,513,288,726
2009 $81,705,175,408 $78,335,311,068 $12,317,614,054 $10,365,231,907
2010 $95,546,919,755 $82,482,120,583 $14,058,506,664 $11,782,555,814
2011 $125,551,634,704 $85,446,420,442 $16,685,349,674 $12,312,232,324
2012 $143,572,907,528 $92,712,034,533 $17,892,228,570 $13,427,942,676
2013 $148,845,200,697 $97,239,220,009 $17,865,316,886 $13,809,056,593
2014 $153,449,860,496 $101,766,409,288 $18,144,336,904 $14,093,914,057
2015 $102,543,067,841 $102,543,067,841 $14,559,599,500 $14,559,599,500
2016 $59,878,249,719 $100,799,291,837 $13,026,289,836 $13,959,379,526
2017 $84,376,935,689 $100,648,701,500 $13,349,041,409 $13,733,590,858
2018 $89,512,794,227 $100,050,434,318 $15,327,000,249 $14,522,052,213
2019 $80,734,428,593 $99,845,650,843 $14,905,517,743 $15,303,748,439
2020 $58,852,456,454 $95,809,443,080 $14,932,897,821 $15,243,505,756
2021 $79,559,543,805 $97,824,078,558 $16,871,937,698 $15,288,236,703
2022 $131,212,208,930 $101,948,344,239 $17,828,508,290 $15,919,594,858
2023 $107,167,747,140 $103,236,265,970 $18,340,233,749 $16,553,201,687
2024 $100,998,916,781 $107,803,342,000 $19,518,819,751 $17,248,313,423

Economic indicators

Angola Chad
Gross domestic product
$101B
2024
$19.5B
2024
GDP rank
71/197
2024
132/197
2024
GDP growth
-5.76%
2023-2024
6.43%
2023-2024
GDP per capita
$2,666
2024
$962
2024
GDP per capita rank
144/197
2024
182/197
2024
GDP per capita, PPP
$10,119
2024
$2,743
2024
Government debt
$63.1B
2024
$6.6B
2024
Debt-to-GDP ratio
63.9%
2026
33.8%
2026
Government debt per person
$1,666
2024
$325
2024
Government debt per person rank
123/185
2024
175/185
2024
Average annual personal income after taxes
$33,074
2026
$1,511
2026
Income share by richest 10%
39.6%
2018
29.5%
2022
Income share by poorest 10%
1.3%
2018
2.8%
2022
Government expenditure, % of GDP
18%
2026
17.7%
2026
Consumer prices inflation
16.3%
2025-2026
3.6%
2025-2026
Central bank interest rate
18%
2023
n/a
Unemployment rate
14.1%
2022
1.14%
2018
Population
40228288
21567098

GDP per capita in Angola vs Chad

Angola's GDP per capita is $2,666, ranking 144/197, compared to $962 in Chad, ranking 182/197. Adjusted for purchasing power (GDP per capita PPP), Angola ranks 133rd at $10,119, while Chad ranks 182nd at $2,743.

Angola
GDP per capita

GDP per capita, PPP
Chad
GDP per capita

GDP per capita, PPP
Year Current $
Angola Chad
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 - - $102.8 -
1961 - - $107.3 -
1962 - - $112.6 -
1963 - - $114.7 -
1964 - - $118.6 -
1965 - - $123.6 -
1966 - - $125.8 -
1967 - - $128.2 -
1968 - - $126.9 -
1969 - - $129.2 -
1970 - - $125.9 -
1971 - - $131.8 -
1972 - - $150.4 -
1973 - - $162.4 -
1974 - - $160 -
1975 - - $207.5 -
1976 - - $203.7 -
1977 - - $215.9 -
1978 - - $252.5 -
1979 - - $222.9 -
1980 $729 - $228.8 -
1981 $658 - $194 -
1982 $634 - $176.1 -
1983 $637 - $167.2 -
1984 $650 - $182.2 -
1985 $772 - $202.7 -
1986 $698 - $203.4 -
1987 $770 - $213.9 -
1988 $807 - $263.5 -
1989 $908 - $246.4 -
1990 $966 $3,705 $290.6 $967
1991 $882 $3,740 $302 $1,046
1992 $669 $3,486 $290.6 $1,107
1993 $450 $2,628 $220.7 $933
1994 $335 $2,633 $173.9 $1,026
1995 $404 $2,990 $204 $1,014
1996 $531 $3,342 $216.9 $1,010
1997 $522 $3,525 $201.4 $1,049
1998 $429 $3,609 $219.8 $1,096
1999 $393 $3,619 $186.6 $1,066
2000 $564 $3,690 $163.1 $1,044
2001 $534 $3,802 $194.3 $1,152
2002 $999 $4,241 $219.1 $1,226
2003 $1,134 $4,322 $289.1 $1,378
2004 $1,451 $4,771 $446 $1,808
2005 $2,146 $5,416 $838 $2,102
2006 $2,930 $6,018 $907 $2,079
2007 $3,515 $6,728 $980 $2,149
2008 $4,578 $7,316 $1,166 $2,181
2009 $3,645 $7,228 $1,036 $2,087
2010 $4,102 $7,412 $1,142 $2,320
2011 $5,184 $7,538 $1,308 $2,388
2012 $5,702 $8,246 $1,354 $2,435
2013 $5,689 $8,504 $1,305 $2,110
2014 $5,650 $9,018 $1,279 $2,133
2015 $3,642 $8,067 $994 $2,378
2016 $2,052 $7,767 $862 $2,120
2017 $2,791 $8,007 $854 $2,097
2018 $2,860 $8,278 $949 $2,228
2019 $2,494 $8,573 $893 $2,352
2020 $1,759 $7,827 $867 $2,186
2021 $2,304 $8,862 $946 $2,435
2022 $3,682 $9,588 $966 $2,624
2023 $2,916 $9,754 $949 $2,700
2024 $2,666 $10,119 $962 $2,743

Spending and national debt comparison

In 2024, Angola's government spending was $17.7B, accounting for 18% of its GDP, while Chad's spent $3.63B, or 17.7% of GDP.

Debt-to-GDP ratio is 63.9% in Angola and 33.8% in Chad, ranking 70/185 and 153/185, respectively.

Angola
Government spending

Government debt
Chad
Government spending

Government debt
Year % of GDP
Angola Chad
Government spending Government debt Government spending Government debt
1995 - - 12.3% 39.2%
1996 25.2% 92% 12% 38.6%
1997 26.8% 73.5% 12% 39.3%
1998 26.1% 96.3% 10.1% 33%
1999 39.4% 104.8% 12.9% 44.7%
2000 35.8% 118.2% 14% 52.4%
2001 30.3% 100.2% 12% 43.5%
2002 27.6% 65.1% 13.8% 42%
2003 30.1% 50.8% 14.9% 34.4%
2004 26% 41.6% 9.84% 25.2%
2005 23.7% 29.9% 8.87% 22%
2006 27.3% 16.7% 10.7% 20.1%
2007 34.1% 18.8% 13.6% 17.6%
2008 47.2% 28.1% 14.6% 15.7%
2009 38.7% 48.4% 19.8% 23.9%
2010 34.6% 32.6% 18.5% 22.9%
2011 33.3% 26.3% 16.3% 22.3%
2012 33.2% 23.8% 16.6% 19.9%
2013 32.9% 29.5% 16.6% 22.3%
2014 32.3% 35.3% 17% 29.5%
2015 23.9% 50.4% 13.8% 31.3%
2016 19.4% 66.7% 11.3% 40.3%
2017 21% 60.5% 11.2% 38.9%
2018 18.3% 82.5% 9.63% 33.4%
2019 18.2% 101.4% 10.6% 38.2%
2020 20% 119.1% 14% 41.1%
2021 17.3% 74.3% 13.1% 41.6%
2022 19.5% 56.1% 12.7% 32.2%
2023 19.2% 71.4% 17.4% 32.6%
2024 17.5% 62.5% 18.6% 33.8%
2025 17.3% 64.5% 18.3% 33.9%
2026 18% 63.9% 17.7% 33.8%

Government deficit by year

In 2024, Angola's government deficit, the difference between spending and revenue, was -$1.03B, equivalent to -1.02% of GDP. This compares to Chad's deficit of -$383M, or -1.96% of GDP.

Over the past 29 years, Angola recorded a fiscal deficit in 15 of those years, while Chad ran a deficit in 21 years. On average, Angola posted an annual deficit equal to -0.1% of GDP, compared to deficit of -1.4% of GDP for Chad.

Deficit/surplus
Angola

Chad
Year Deficit/surplus, % of GDP
Angola Chad
1995 - -3.12%
1996 4.49% -2.86%
1997 -0.23% -2.58%
1998 -5.1% -1.73%
1999 -8.1% -4.07%
2000 2.02% -4.68%
2001 2.8% -3.53%
2002 -2.24% -4.08%
2003 -4.1% -4.32%
2004 1.03% -1.84%
2005 6.4% -0.05%
2006 8.42% 1.7%
2007 3.85% 2.02%
2008 -3.8% 2.82%
2009 -6.8% -8.44%
2010 2.98% -3.16%
2011 7.2% 1.75%
2012 3.68% 0.33%
2013 -0.27% -1.5%
2014 -5.07% -3.23%
2015 -2.57% -3.29%
2016 -3.98% -1.52%
2017 -5.75% -0.17%
2018 2.03% 1.37%
2019 0.69% -0.11%
2020 -1.66% 1.22%
2021 3.4% -1.3%
2022 0.58% 3.83%
2023 -1.88% -1.28%
2024 -1.02% -1.96%
2025 -2.31% -0.54%
2026 -3.3% -1.79%

Inflation comparison by year

Over the past 30 years, Angola has recorded an average annual inflation rate of 56.3%, compared with 2.44% in Chad. In 2026, inflation was 16.3% in Angola and 3.6% in Chad.

Inflation
Angola

Chad
Year Inflation
Angola Chad
1997 221.5% 5.6%
1998 107.4% 4.3%
1999 248.2% -8.4%
2000 325% 3.8%
2001 152.6% 12.4%
2002 108.9% 5.2%
2003 98.2% -1.8%
2004 43.5% -4.8%
2005 23% 4.4%
2006 13.3% 9.6%
2007 12.2% -7.4%
2008 12.5% 8.3%
2009 13.7% 10.1%
2010 14.5% -2.1%
2011 13.5% 2%
2012 10.3% 7.5%
2013 8.8% 0.2%
2014 7.3% -5.5%
2015 9.2% 4.8%
2016 30.7% -1.6%
2017 29.8% -0.9%
2018 19.6% 4%
2019 17.1% -1%
2020 22.3% 4.5%
2021 25.8% -0.8%
2022 21.4% 5.8%
2023 13.6% 2.3%
2024 28.2% 5.1%
2025 21.6% 4%
2026 16.3% 3.6%

Top exports between countries

Angola
Export category Export value
Raw materials & minerals $365K
Textiles & consumer goods $18K
Machinery & equipment $11K
Metals $3K
Chad
Export category Export value
Animal & marine products $131K

Balance of trade

Angola Chad
Current account balance
$6.31B
2024
-$37.7M
1994
Current account balance ranking
30/190
2024
82/190
1994
Current account balance, % of GDP
+6.25%
2024
-3.2%
1994
Goods imports
$14.2B
2024
$212M
1994
Goods exports
$36.8B
2024
$135M
1994
Service imports
$8.49B
2024
$199M
1994
Service exports
$129M
2024
$54.8M
1994
Imports of goods and services, % of GDP
19.4%
2024
18.1%
2024
Exports of goods and services, % of GDP
31.5%
2024
29.8%
2024

Economic freedom indices

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

Angola Chad
Economic freedom 55 52.2
Economic freedom ranking 130/197 148/197
Property rights 39.9 27.4
Government integrity 28.2 14.1
Judicial effectiveness 25.7 14.5
Tax burden 86.9 78.5
Government spending 89.5 92.9
Fiscal health 89.1 97.9
Business freedom 45.2 28.7
Labor freedom 50.8 53.5
Monetary freedom 64.2 72
Trade freedom 70.4 47.2
Investment freedom 30 60
Financial freedom 40 40

Economic freedom by year comparison

The Economic Freedom Index for Angola is 55, ranking 130/197, compared to 52.2 for Chad, ranking 148/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Angola
Chad
Year Economic freedom index
Angola Chad
1995 27.4 -
1996 24.4 -
1997 24.2 45.1
1998 24.9 46.6
1999 23.7 47.2
2000 24.3 46.8
2001 - 46.4
2002 - 49.2
2003 - 52.6
2004 - 53.1
2005 - 52.1
2006 43.5 50
2007 44.7 50.1
2008 46.9 47.8
2009 47 47.5
2010 48.4 47.5
2011 46.2 45.3
2012 46.7 44.8
2013 47.3 45.2
2014 47.7 44.5
2015 47.9 45.9
2016 48.9 46.3
2017 48.5 49
2018 48.6 49.3
2019 50.6 49.9
2020 52.2 50.2
2021 54.2 50.4
2022 52.6 49.8
2023 53 52
2024 54.3 51.4
2025 55 52.2

More economic indicators

Angola Chad
Services, % of GDP
41.1%
2024
29.8%
2024
Industry, % of GDP
34.6%
2024
28.7%
2024
Agriculture, forestry, and fishing, % of GDP
22.1%
2024
37.7%
2024
GNI, Atlas method
$108B
2024
$19.1B
2024
GNI per capita, PPP
$9,460
2024
$2,710
2024
Total reserves including gold
$14.2B
2024
$1.05B
2023
Total reserves ranking
69/177
2024
140/177
2023
Net foreign direct investment
$1.14B
2024
-$26.5M
1994
Net inflows of foreign direct investment
-$1.11B
2024
$1.02B
2024
Net outflows of foreign direct investment
$33.1M
2024
$0
2024
Servicing debt to the IMF, % of GNI
11.5%
2024
1.9%
2024
Poverty at national poverty lines
36.6%
2020
44.8%
2022
Gross capital formation, % of GDP
10.4%
2024
26.8%
2024

GDP per capita map

GDP per capita

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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.