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Economy of Angola vs Croatia compared: GDP & Debt

Updated on by Georank team

Angola has a GDP of $101B compared to $93B for Croatia, ranking 71/197 and 75/197 by economy size, respectively.

Angola has $60.5B in government debt (59.9% of GDP), compared to $53.5B (57.6% of GDP) in Croatia.

Angola vs Croatia GDP by year

Angola
Croatia
1x
Year GDP, current $
Angola Croatia
2024 $100,998,916,781 $92,983,810,329
2023 $107,167,747,140 $85,624,153,964
2022 $131,212,208,930 $71,196,498,671
2021 $79,559,543,805 $69,002,365,163
2020 $58,852,456,454 $57,959,843,541
2019 $80,734,428,593 $61,466,721,186
2018 $89,512,794,227 $61,667,925,219
2017 $84,376,935,689 $56,182,782,586
2016 $59,878,249,719 $52,650,714,172
2015 $102,543,067,841 $50,998,893,385
2014 $153,449,860,496 $59,606,934,501
2013 $148,845,200,697 $59,846,265,182
2012 $143,572,907,528 $57,548,115,904
2011 $125,551,634,704 $62,889,007,657
2010 $95,546,919,755 $58,975,205,417
2009 $81,705,175,408 $62,315,996,675
2008 $98,790,432,989 $68,472,854,617
2007 $73,037,821,927 $59,290,621,398
2006 $58,653,659,980 $49,583,544,860
2005 $41,396,636,383 $45,013,119,282
2004 $26,997,977,897 $41,836,292,157
2003 $20,342,128,112 $35,245,317,002
2002 $17,311,512,432 $26,757,722,429
2001 $8,936,079,118 $23,066,883,850
2000 $9,129,594,970 $22,134,411,297
1999 $6,152,923,310 $23,777,026,779
1998 $6,506,221,616 $25,890,228,430
1997 $7,648,380,196 $24,175,764,812
1996 $7,526,421,519 $24,150,978,347
1995 $5,538,749,260 $22,772,394,547
1994 $4,438,321,017 $15,062,911,617
1993 $5,768,720,422 $11,259,647,874
1992 $8,307,810,974 $10,621,169,291
1991 $10,603,784,541 $18,760,386,775
1990 $11,229,515,599 $25,650,213,280
1989 $10,201,780,977 -
1988 $8,769,836,769 -
1987 $8,084,412,414 -
1986 $7,072,536,109 -
1985 $7,554,065,410 -
1984 $6,131,475,065 -
1983 $5,784,341,596 -
1982 $5,550,483,036 -
1981 $5,550,483,036 -
1980 $5,930,503,401 -

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

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

GDP per capita in Angola vs Croatia by year

Angola
GDP per capita

GDP per capita, PPP
Croatia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Angola Croatia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,666 $10,119 $24,050 $49,551
2023 $2,916 $9,754 $22,184 $47,760
2022 $3,682 $9,588 $18,466 $42,125
2021 $2,304 $8,862 $17,789 $36,930
2020 $1,759 $7,827 $14,808 $31,594
2019 $2,494 $8,573 $15,564 $33,064
2018 $2,860 $8,278 $15,460 $29,789
2017 $2,791 $8,007 $13,902 $27,888
2016 $2,052 $7,767 $12,820 $25,803
2015 $3,642 $8,067 $12,284 $23,750
2014 $5,650 $9,018 $14,187 $22,706
2013 $5,689 $8,504 $14,135 $22,430
2012 $5,702 $8,246 $13,508 $21,619
2011 $5,184 $7,538 $14,692 $21,191
2010 $4,102 $7,412 $13,730 $20,139
2009 $3,645 $7,228 $14,475 $20,358
2008 $4,578 $7,316 $15,888 $21,018
2007 $3,515 $6,728 $13,756 $19,568
2006 $2,930 $6,018 $11,501 $17,629
2005 $2,146 $5,416 $10,444 $15,451
2004 $1,451 $4,771 $9,719 $14,686
2003 $1,134 $4,322 $8,190 $13,692
2002 $999 $4,241 $6,220 $12,775
2001 $534 $3,802 $5,365 $11,653
2000 $564 $3,690 $4,954 $10,675
1999 $393 $3,619 $5,269 $9,943
1998 $429 $3,609 $5,713 $9,890
1997 $522 $3,525 $5,331 $9,536
1996 $531 $3,342 $5,300 $8,806
1995 $404 $2,990 $4,929 $8,052
1994 $335 $2,633 $3,238 $7,337
1993 $450 $2,628 $2,448 $6,861
1992 $669 $3,486 $2,321 $7,326
1991 $882 $3,740 $4,001 $7,918
1990 $966 $3,705 $5,369 $9,526
1989 $908 - - -
1988 $807 - - -
1987 $770 - - -
1986 $698 - - -
1985 $772 - - -
1984 $650 - - -
1983 $637 - - -
1982 $634 - - -
1981 $658 - - -
1980 $729 - - -

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

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

Angola's GDP per capita is $2,666, ranking 144/197, compared to $24,050 in Croatia, ranking 50/197. Adjusted for purchasing power (GDP per capita PPP), Angola ranks 133rd at $10,119, while Croatia ranks 46th at $49,551.

Economic indicators

Angola Croatia
Gross domestic product
$101B
2024
$93B
2024
GDP rank
71/197
2024
75/197
2024
GDP growth
4.42%
2023-2024
3.83%
2023-2024
GDP per capita
$2,666
2024
$24,050
2024
GDP per capita rank
144/197
2024
50/197
2024
GDP per capita, PPP
$10,119
2024
$49,551
2024
GDP per capita PPP rank
133/197
2024
46/197
2024
Government debt
$60.5B
2024
$53.5B
2024
Debt-to-GDP ratio
59.9%
2024
57.6%
2024
Government debt per person
$1,597
2024
$13,844
2024
Government debt per person rank
127/185
2024
42/185
2024
Average annual personal income after taxes
$28,080
2026
$20,856
2026
Market capitalization of domestic companies n/a
$27.8B
2024
Number of billionaires n/a
1
2025
Income share by richest 10%
39.6%
2018
23.3%
2023
Income share by poorest 10%
1.3%
2018
2.9%
2023
Government expenditure, % of GDP
18.4%
2024
48%
2024
Consumer prices inflation
28.2%
2023-2024
2.97%
2023-2024
Central bank interest rate
18%
2023
n/a
Unemployment rate
14.1%
2022
5.03%
2024
Population
40555924
3812193

Spending and national debt comparison by year

Angola
Spending

Debt
Croatia
Spending

Debt
1x
Year % of GDP
Angola Croatia
Government spending Government debt Government spending Government debt
2024 18.4% 59.9% 48% 57.6%
2023 18.8% 72.4% 46.8% 61.8%
2022 19.5% 56.1% 45% 68.5%
2021 17.3% 74.3% 48.1% 78.2%
2020 20% 119.1% 53.7% 86.5%
2019 18.2% 101.4% 44.3% 70.9%
2018 18.3% 82.5% 44.9% 72.8%
2017 21% 60.5% 44.1% 76.2%
2016 19.4% 66.7% 45.9% 79.3%
2015 23.9% 50.4% 47.5% 82.8%
2014 32.3% 35.3% 48.7% 83.2%
2013 32.9% 29.5% 47.9% 79.5%
2012 33.2% 23.8% 47.3% 68.9%
2011 33.3% 26.3% 48.6% 63.1%
2010 34.6% 32.6% 48.1% 56.8%
2009 38.7% 48.4% 49.2% 47.9%
2008 47.2% 28.1% 46.3% 38.9%
2007 34.1% 18.8% 46.3% 37.1%
2006 27.3% 16.7% 44.6% 38.4%
2005 23.7% 29.9% 46.5% 40.9%
2004 26% 41.6% 49% 40%
2003 30.1% 50.8% 49.6% 37.8%
2002 27.6% 65.1% 49.2% 36.5%
2001 30.3% 100.2% 50.6% 36.6%
2000 35.8% 118.2% 54.6% 35.4%
1999 39.4% 104.8% 58.9% 30%
1998 26.1% 96.3% 56.8% 23.3%
1997 26.8% 73.5% 51.7% 22.5%
1996 25.2% 92% 52.1% -
1995 - - 50.3% -
1994 - - 45.4% -
1993 - - 36% -
1992 - - 37.1% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1996–1999, retrieved 2026-02-20).

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

In 2024, Angola's government spending was $18.6B, accounting for 18.4% of its GDP, while Croatia spent $44.6B, or 48% of GDP.

Debt-to-GDP ratio is 59.9% in Angola and 57.6% in Croatia, ranking 78/185 and 86/185, respectively.

Government deficit by year

Deficit/surplus
Angola

Croatia
1x
Year Deficit/surplus, % of GDP
Angola Croatia
2024 -1.01% -1.95%
2023 -1.83% -0.79%
2022 0.58% 0.12%
2021 3.4% -2.58%
2020 -1.66% -7.23%
2019 0.69% 2.31%
2018 2.03% 0.23%
2017 -5.75% 0.8%
2016 -3.98% -1.04%
2015 -2.57% -3.53%
2014 -5.07% -5.19%
2013 -0.27% -5.52%
2012 3.68% -5.46%
2011 7.2% -7.53%
2010 2.98% -6.46%
2009 -6.8% -7.15%
2008 -3.8% -2.34%
2007 3.85% -2.28%
2006 8.42% -2.01%
2005 6.4% -3.24%
2004 1.03% -6.09%
2003 -4.1% -5.03%
2002 -2.24% -4.9%
2001 2.8% -4.79%
2000 2.02% -9.2%
1999 -8.1% -11.1%
1998 -5.1% -6.36%
1997 -0.23% -4.93%
1996 4.49% -4.41%
1995 - -4.23%
1994 - -0.82%
1993 - -2.67%
1992 - -5.69%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2024, retrieved 2026-02-20).

GeoRank.org/economy/angola/croatia | 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 Croatia's deficit of $1.82B, or 1.95% of GDP.

Over the past 29 years, Angola recorded a fiscal deficit in 15 of those years, while Croatia ran a deficit in 25 years. On average, Angola posted an annual deficit equal to 0.1% of GDP, compared to deficit of 4.06% of GDP for Croatia.

Inflation comparison by year

Inflation
Angola

Croatia
1x
Year Consumer prices inflation
Angola Croatia
2024 28.2% 2.97%
2023 13.6% 7.94%
2022 21.4% 10.8%
2021 25.8% 2.55%
2020 22.3% 0.15%
2019 17.1% 0.77%
2018 19.6% 1.5%
2017 29.8% 1.13%
2016 30.7% -1.12%
2015 9.2% -0.46%
2014 7.3% -0.22%
2013 8.8% 2.22%
2012 10.3% 3.41%
2011 13.5% 2.27%
2010 14.5% 1.03%
2009 13.7% 2.38%
2008 12.5% 6.08%
2007 12.2% 2.9%
2006 13.3% 3.19%
2005 23% 3.32%
2004 43.5% 2.06%
2003 98.2% 1.77%
2002 108.9% 1.67%
2001 152.6% 3.78%
2000 325% 4.61%
1999 248.2% 4.02%
1998 107.4% 6.4%
1997 221.5% 4.17%

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/croatia | CC BY

Over the past 28 years, Angola has recorded an average annual inflation rate of 59%, compared with 2.9% in Croatia. In 2024, inflation was 28.2% in Angola and 2.97% in Croatia.

Top exports between countries

Angola
Export category Export value
Raw materials & minerals $78.4M
Machinery & equipment $34K
Croatia
Export category Export value
Raw agricultural goods $4.59M
Machinery & equipment $79K
Processed food, beverages & tobacco $40K
Animal & marine products $21K
Textiles & consumer goods $21K
Metals $6K
Raw materials & minerals $5K
Chemicals & pharma $4K

Balance of trade

Angola Croatia
Current account balance
$6.31B
2024
-$1.05B
2024
Current account balance ranking
30/190
2024
125/190
2024
Current account balance, % of GDP
+6.25%
2024
-1.13%
2024
Goods imports
$14.2B
2024
$41.5B
2024
Goods exports
$36.8B
2024
$21.9B
2024
Service imports
$8.49B
2024
$8.35B
2024
Service exports
$129M
2024
$24.7B
2024
Imports of goods and services, % of GDP
19.4%
2024
54.8%
2024
Exports of goods and services, % of GDP
31.5%
2024
50.1%
2024

Economic freedom indices

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

Angola Croatia
Economic freedom 54.4 67.5
Economic freedom ranking 133/197 56/197
Property rights 36.9 81.1
Government integrity 28.3 52.6
Judicial effectiveness 26.3 71.7
Tax burden 86.9 70
Government spending 89.3 34.9
Fiscal health 91.9 92.2
Business freedom 42.8 79.6
Labor freedom 50.8 58.9
Monetary freedom 59 69.9
Trade freedom 70.4 79.4
Investment freedom 30 60
Financial freedom 40 60

Economic freedom comparison by year

Angola
Croatia
1x
Year Economic freedom index
Angola Croatia
2026 54.4 67.5
2025 55 68.7
2024 54.3 67.2
2023 53 66.4
2022 52.6 67.6
2021 54.2 63.6
2020 52.2 62.2
2019 50.6 61.4
2018 48.6 61
2017 48.5 59.4
2016 48.9 59.1
2015 47.9 61.5
2014 47.7 60.4
2013 47.3 61.3
2012 46.7 60.9
2011 46.2 61.1
2010 48.4 59.2
2009 47 55.1
2008 46.9 54.1
2007 44.7 53.4
2006 43.5 53.6
2005 - 51.9
2004 - 53.1
2003 - 53.3
2002 - 51.1
2001 - 50.7
2000 24.3 53.6
1999 23.7 53.1
1998 24.9 51.7
1997 24.2 46.7
1996 24.4 48
1995 27.4 -

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

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

The Economic Freedom Index for Angola is 54.4, ranking 133/197, compared to 67.5 for Croatia, ranking 56/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Angola Croatia
Services, % of GDP
41.1%
2024
60.8%
2024
Industry, % of GDP
34.6%
2024
19.2%
2024
Agriculture, forestry, and fishing, % of GDP
22.1%
2024
2.9%
2024
GNI, Atlas method
$108B
2024
$86B
2024
GNI per capita, PPP
$9,460
2024
$49,740
2024
Total reserves including gold
$14.2B
2024
$3.34B
2024
Total reserves ranking
69/177
2024
116/177
2024
Net foreign direct investment
$1.14B
2024
-$1.88B
2024
Net inflows of foreign direct investment
-$1.11B
2024
$4.54B
2024
Net outflows of foreign direct investment
$33.1M
2024
$2.79B
2024
Servicing debt to the IMF, % of GNI
11.5%
2024
n/a
Poverty at national poverty lines
36.6%
2020
20.3%
2023
Gross capital formation, % of GDP
10.4%
2024
24.4%
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/croatia | 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 (1992–2024, 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 (2022–2024, 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.