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Economy of Angola vs Croatia compared: GDP & Debt

Updated on by Georank

Angola has a GDP of $122B compared to $105B for Croatia, ranking 68/197 and 73/197 by economy size, respectively.

Angola has $62.7B in government debt (51.3% of GDP), compared to $58.7B (55.9% of GDP) in Croatia.

Angola vs Croatia GDP by year

Angola
Croatia
1x
Year GDP, current $
Angola Croatia
2025 $122,174,889,424 $105,060,182,186
2024 $103,080,538,044 $92,981,894,168
2023 $106,042,349,567 $85,621,337,533
2022 $128,233,959,333 $71,196,460,237
2021 $78,283,923,544 $69,002,262,505
2020 $58,512,033,806 $57,959,824,238
2019 $81,193,813,808 $61,467,261,345
2018 $90,506,061,877 $61,668,280,700
2017 $85,629,598,654 $56,182,225,079
2016 $60,770,049,747 $52,650,804,052
2015 $102,543,067,841 $50,999,271,059
2014 $153,449,860,496 $59,607,109,597
2013 $148,845,200,696 $59,846,869,999
2012 $143,572,907,528 $57,547,495,860
2011 $125,551,634,705 $62,889,150,894
2010 $95,546,919,754 $58,975,127,201
2009 $81,705,175,409 $62,315,450,611
2008 $98,790,432,989 $68,473,103,477
2007 $73,037,821,926 $59,290,547,254
2006 $58,653,659,980 $49,583,643,048
2005 $41,396,636,384 $45,012,776,906
2004 $26,997,977,896 $41,836,096,243
2003 $20,342,128,112 $35,244,797,329
2002 $17,311,512,433 $26,757,633,353
2001 $8,936,079,118 $23,067,071,478
2000 $9,129,594,970 $22,134,069,750
1999 $6,152,923,310 $23,776,940,769
1998 $6,506,221,616 $25,889,813,449
1997 $7,648,380,196 $24,175,272,572
1996 $7,526,421,519 $24,151,469,717
1995 $5,538,749,260 $22,772,224,146
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 (1980–2025, retrieved 2026-07-08).

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
2025 $3,129 - $27,104 -
2024 $2,721 $10,119 $24,050 $49,551
2023 $2,886 $9,754 $22,183 $47,760
2022 $3,599 $9,588 $18,466 $42,125
2021 $2,267 $8,862 $17,789 $36,930
2020 $1,749 $7,827 $14,808 $31,594
2019 $2,508 $8,573 $15,564 $33,064
2018 $2,892 $8,278 $15,460 $29,789
2017 $2,832 $8,007 $13,902 $27,888
2016 $2,082 $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 $10,443 $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 $5,712 $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 (1980–2025, retrieved 2026-07-08).

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

Angola's GDP per capita is $3,129, ranking 142/197, compared to $27,104 in Croatia, ranking 49/197. 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
$122B
2025
$105B
2025
GDP rank
68/197
2025
73/197
2025
GDP growth
3.13%
2024-2025
3.4%
2024-2025
GDP per capita
$3,129
2025
$27,104
2025
GDP per capita rank
142/197
2025
49/197
2025
GDP per capita, PPP
$10,119
2024
$49,551
2024
GDP per capita PPP rank
133/197
2024
46/197
2024
Government debt
$62.7B
2025
$58.7B
2025
Debt-to-GDP ratio
51.3%
2025
55.9%
2025
Government debt per person
$1,606
2025
$15,144
2025
Government debt per person rank
127/185
2025
44/185
2025
Average annual personal income after taxes
$2,550
2026
$20,376
2026
Market capitalization of domestic companies n/a
$37.9B
2025
Number of billionaires n/a
1
2026
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
18.9%
2025
49.3%
2025
Consumer prices inflation
20.2%
2024-2025
3.69%
2024-2025
Central bank interest rate
17.5%
2026
n/a
Unemployment rate
10.4%
2025
4.9%
2025
Population
40839390
3849788

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
2025 18.9% 51.3% 49.3% 55.9%
2024 19% 57.1% 48% 57.4%
2023 23.3% 75.7% 46.3% 60.9%
2022 24.8% 57.4% 45% 68.5%
2021 22.8% 75.5% 48.2% 78.2%
2020 24.4% 119.8% 53.8% 86.5%
2019 20.9% 100.8% 44.4% 70.9%
2018 17.8% 81.6% 45% 72.8%
2017 20.7% 59.6% 44.1% 76.2%
2016 19.1% 65.7% 45.9% 79.3%
2015 23.9% 50.4% 47.6% 82.8%
2014 32.3% 35.3% 48.7% 83.2%
2013 32.9% 29.5% 48% 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% 48.2% 56.8%
2009 38.7% 48.4% 49.3% 47.9%
2008 47.2% 28.1% 46.3% 38.9%
2007 34.1% 18.8% 46.4% 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 45.7% 104.8% 58.9% 30%
1998 30.3% 96.3% 56.8% 23.3%
1997 31.1% 73.5% 51.7% 22.5%
1996 29.3% 92% 52.1% -
1995 - - 50.3% -
1994 - - 45.4% -
1993 - - 35.9% -
1992 - - 37.1% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1996–1999, retrieved 2026-07-08).

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

In 2025, Angola's government spending was $23B, accounting for 18.9% of its GDP, while Croatia spent $51.8B, or 49.3% of GDP.

Debt-to-GDP ratio is 51.3% in Angola and 55.9% in Croatia, ranking 103/185 and 87/185, respectively.

Government deficit by year

Deficit/surplus
Angola

Croatia
1x
Year Deficit/surplus, % of GDP
Angola Croatia
2025 -4.07% -2.89%
2024 -1.19% -1.95%
2023 -2.49% -0.79%
2022 1.78% 0.14%
2021 1.35% -2.57%
2020 -3.05% -7.24%
2019 -0.2% 2.32%
2018 2% 0.22%
2017 -5.68% 0.81%
2016 -3.93% -1.04%
2015 -2.58% -3.53%
2014 -5.08% -5.19%
2013 -0.28% -5.51%
2012 3.67% -5.46%
2011 7.17% -7.51%
2010 2.96% -6.45%
2009 -6.83% -7.15%
2008 -3.82% -2.33%
2007 3.81% -2.27%
2006 8.42% -2%
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 -9.4% -11.1%
1998 -5.92% -6.36%
1997 -0.27% -4.93%
1996 5.22% -4.41%
1995 - -4.23%
1994 - -0.82%
1993 - -2.67%
1992 - -5.69%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2025, retrieved 2026-07-08).

GeoRank.org/economy/angola/croatia | 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 Croatia's deficit of $3.04B, or 2.89% of GDP.

Over the past 30 years, Angola recorded a fiscal deficit in 17 of those years, while Croatia ran a deficit in 26 years. On average, Angola posted an annual deficit equal to 0.42% of GDP, compared to deficit of 4.02% of GDP for Croatia.

Inflation comparison by year

Inflation
Angola

Croatia
1x
Year Consumer prices inflation
Angola Croatia
2025 20.2% 3.69%
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 (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Angola has recorded an average annual inflation rate of 57.7%, compared with 2.93% in Croatia. In 2025, inflation was 20.2% in Angola and 3.69% 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 $1.16M
Processed food, beverages & tobacco $40K
Animal & marine products $27K
Textiles & consumer goods $23K
Metals $12K
Raw materials & minerals $8K
Chemicals & pharma $4K

Balance of trade

Angola Croatia
Current account balance
$536M
2025
-$1.93B
2024
Current account balance ranking
57/190
2025
141/190
2024
Current account balance, % of GDP
+0.44%
2025
-2.08%
2024
Goods imports
$15.5B
2025
$42.5B
2024
Goods exports
$30.6B
2025
$21.9B
2024
Service imports
$8.51B
2025
$8.42B
2024
Service exports
$118M
2025
$24.8B
2024
Imports of goods and services, % of GDP
11.7%
2025
53%
2025
Exports of goods and services, % of GDP
23%
2025
48%
2025

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 2026-07-08).

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
46.8%
2025
60.9%
2025
Industry, % of GDP
27.1%
2025
19%
2025
Agriculture, forestry, and fishing, % of GDP
25.2%
2025
2.83%
2025
GNI, Atlas method
$112B
2025
$98.3B
2025
GNI per capita, PPP
$9,840
2025
$50,410
2025
Total reserves including gold
$13.5B
2025
$4.22B
2025
Total reserves ranking
75/177
2025
110/177
2025
Net foreign direct investment
-$1.02B
2025
-$1.74B
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
11.3%
2024
n/a
Poverty at national poverty lines
36.6%
2020
20.3%
2024
Gross capital formation, % of GDP
10.6%
2024
24.6%
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/croatia | 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 (1992–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2023–2025, retrieved 2026-07-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1996–1999, 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.