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Economy of Angola vs Ecuador compared: GDP & Debt

Updated on by Georank

Angola has a GDP of $122B compared to $130B for Ecuador, ranking 68/197 and 64/197 by economy size, respectively.

Angola has $62.7B in government debt (51.3% of GDP), compared to $70.9B (54.4% of GDP) in Ecuador.

Angola vs Ecuador GDP by year

Angola
Ecuador
1x
Year GDP, current $
Angola Ecuador
2025 $122,174,889,424 $130,320,560,400
2024 $103,080,538,044 $123,802,374,000
2023 $106,042,349,567 $120,792,801,000
2022 $128,233,959,333 $116,133,121,000
2021 $78,283,923,544 $107,179,074,000
2020 $58,512,033,806 $95,865,473,000
2019 $81,193,813,808 $107,595,830,000
2018 $90,506,061,877 $107,478,961,000
2017 $85,629,598,654 $104,467,486,000
2016 $60,770,049,747 $97,671,433,000
2015 $102,543,067,841 $97,209,558,000
2014 $153,449,860,496 $102,717,794,000
2013 $148,845,200,696 $96,570,334,000
2012 $143,572,907,528 $87,735,048,000
2011 $125,551,634,705 $78,986,648,000
2010 $95,546,919,754 $68,151,329,000
2009 $81,705,175,409 $60,094,978,000
2008 $98,790,432,989 $61,139,438,000
2007 $73,037,821,926 $49,848,725,000
2006 $58,653,659,980 $45,690,762,000
2005 $41,396,636,384 $40,278,849,000
2004 $26,997,977,896 $35,194,947,000
2003 $20,342,128,112 $30,965,208,000
2002 $17,311,512,433 $27,054,197,000
2001 $8,936,079,118 $23,127,055,000
2000 $9,129,594,970 $17,539,454,727
1999 $6,152,923,310 $19,645,272,636
1998 $6,506,221,616 $27,981,896,948
1997 $7,648,380,196 $28,162,053,027
1996 $7,526,421,519 $25,226,393,197
1995 $5,538,749,260 $24,432,884,442
1994 $4,438,321,017 $22,708,673,337
1993 $5,768,720,422 $18,938,717,359
1992 $8,307,810,974 $18,094,238,119
1991 $10,603,784,541 $16,988,535,268
1990 $11,229,515,599 $15,239,272,612
1989 $10,201,780,977 $13,890,823,705
1988 $8,769,836,769 $13,051,881,851
1987 $8,084,412,414 $13,945,426,859
1986 $7,072,536,109 $15,314,138,472
1985 $7,554,065,410 $17,149,088,413
1984 $6,131,475,065 $16,912,509,092
1983 $5,784,341,596 $17,152,477,037
1982 $5,550,483,036 $19,929,846,396
1981 $5,550,483,036 $21,810,759,354
1980 $5,930,503,401 $17,881,508,242
1979 - $14,175,160,902
1978 - $11,922,497,876
1977 - $11,026,342,618
1976 - $9,091,921,030
1975 - $7,731,674,472
1974 - $6,599,257,044
1973 - $3,891,754,150
1972 - $3,185,986,087
1971 - $2,754,219,271
1970 - $2,862,503,139
1969 - $3,112,165,727
1968 - $2,582,179,864
1967 - $2,553,595,172
1966 - $2,429,308,639
1965 - $2,387,047,396
1964 - $2,244,146,103
1963 - $1,824,343,871
1962 - $1,518,207,703
1961 - $1,753,850,955
1960 - $2,069,464,937

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

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

GDP per capita in Angola vs Ecuador by year

Angola
GDP per capita

GDP per capita, PPP
Ecuador
GDP per capita

GDP per capita, PPP
1x
Year Current $
Angola Ecuador
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $3,129 - $7,125 -
2024 $2,721 $10,119 $6,827 $15,840
2023 $2,886 $9,754 $6,718 $15,919
2022 $3,599 $9,588 $6,516 $15,198
2021 $2,267 $8,862 $6,061 $13,507
2020 $1,749 $7,827 $5,464 $11,527
2019 $2,508 $8,573 $6,205 $12,543
2018 $2,892 $8,278 $6,304 $12,187
2017 $2,832 $8,007 $6,233 $11,793
2016 $2,082 $7,767 $5,918 $10,881
2015 $3,642 $8,067 $5,976 $10,878
2014 $5,650 $9,018 $6,406 $11,836
2013 $5,689 $8,504 $6,109 $11,296
2012 $5,702 $8,246 $5,634 $10,245
2011 $5,184 $7,538 $5,154 $9,769
2010 $4,102 $7,412 $4,520 $8,969
2009 $3,645 $7,228 $4,053 $8,662
2008 $4,578 $7,316 $4,195 $8,663
2007 $3,515 $6,728 $3,479 $8,112
2006 $2,930 $6,018 $3,244 $7,885
2005 $2,146 $5,416 $2,909 $7,457
2004 $1,451 $4,771 $2,586 $6,980
2003 $1,134 $4,322 $2,316 $6,475
2002 $999 $4,241 $2,059 $6,282
2001 $534 $3,802 $1,791 $5,999
2000 $564 $3,690 $1,382 $5,728
1999 $393 $3,619 $1,575 $5,638
1998 $429 $3,609 $2,284 $5,940
1997 $522 $3,525 $2,341 $5,793
1996 $531 $3,342 $2,136 $5,560
1995 $404 $2,990 $2,108 $5,469
1994 $335 $2,633 $1,997 $5,339
1993 $450 $2,628 $1,698 $5,112
1992 $669 $3,486 $1,655 $4,998
1991 $882 $3,740 $1,587 $4,887
1990 $966 $3,705 $1,455 $4,632
1989 $908 - $1,356 -
1988 $807 - $1,304 -
1987 $770 - $1,426 -
1986 $698 - $1,604 -
1985 $772 - $1,842 -
1984 $650 - $1,864 -
1983 $637 - $1,940 -
1982 $634 - $2,314 -
1981 $658 - $2,601 -
1980 $729 - $2,190 -
1979 - - $1,783 -
1978 - - $1,541 -
1977 - - $1,465 -
1976 - - $1,242 -
1975 - - $1,086 -
1974 - - $954 -
1973 - - $579 -
1972 - - $488 -
1971 - - $434 -
1970 - - $465 -
1969 - - $521 -
1968 - - $445 -
1967 - - $454 -
1966 - - $445 -
1965 - - $450 -
1964 - - $436 -
1963 - - $365 -
1962 - - $312 -
1961 - - $371 -
1960 - - $451 -

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

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

Angola's GDP per capita is $3,129, ranking 142/197, compared to $7,125 in Ecuador, ranking 102/197. Adjusted for purchasing power (GDP per capita PPP), Angola ranks 133rd at $10,119, while Ecuador ranks 110th at $15,840.

Economic indicators

Angola Ecuador
Gross domestic product
$122B
2025
$130B
2025
GDP rank
68/197
2025
64/197
2025
GDP growth
3.13%
2024-2025
3.73%
2024-2025
GDP per capita
$3,129
2025
$7,125
2025
GDP per capita rank
142/197
2025
102/197
2025
GDP per capita, PPP
$10,119
2024
$15,840
2024
GDP per capita PPP rank
133/197
2024
110/197
2024
Government debt
$62.7B
2025
$70.9B
2025
Debt-to-GDP ratio
51.3%
2025
54.4%
2025
Government debt per person
$1,606
2025
$3,877
2025
Government debt per person rank
127/185
2025
94/185
2025
Average annual personal income after taxes
$2,550
2026
$6,605
2026
Market capitalization of domestic companies n/a
$747M
2000
Income share by richest 10%
39.6%
2018
35.1%
2025
Income share by poorest 10%
1.3%
2018
1.7%
2025
Government expenditure, % of GDP
18.9%
2025
38.4%
2025
Consumer prices inflation
20.2%
2024-2025
0.71%
2024-2025
Central bank interest rate
17.5%
2026
n/a
Unemployment rate
10.4%
2025
3.23%
2025
Population
40839390
18524711

Spending and national debt comparison by year

Angola
Spending

Debt
Ecuador
Spending

Debt
1x
Year % of GDP
Angola Ecuador
Government spending Government debt Government spending Government debt
2025 18.9% 51.3% 38.4% 54.4%
2024 19% 57.1% 38.3% 54.1%
2023 23.3% 75.7% 39.6% 54.5%
2022 24.8% 57.4% 38.9% 57.2%
2021 22.8% 75.5% 37.5% 61.8%
2020 24.4% 119.8% 40.2% 63.6%
2019 20.9% 100.8% 39.8% 52.1%
2018 17.8% 81.6% 40.9% 49.5%
2017 20.7% 59.6% 40.5% 47.4%
2016 19.1% 65.7% 44.1% 46.1%
2015 23.9% 50.4% 44.1% 36.4%
2014 32.3% 35.3% 45.9% 28.2%
2013 32.9% 29.5% 46.7% 23.4%
2012 33.2% 23.8% 43.2% 19.3%
2011 33.3% 26.3% 39.6% 18.6%
2010 34.6% 32.6% 35.4% 18.4%
2009 38.7% 48.4% 34.3% 19.7%
2008 47.2% 28.1% 35.6% 24.9%
2007 34.1% 18.8% 24.7% 29.6%
2006 27.3% 16.7% 21.7% 33.1%
2005 23.7% 29.9% 22% 35.8%
2004 26% 41.6% 21.3% 40.2%
2003 30.1% 50.8% 21.3% 47.2%
2002 27.6% 65.1% 22.8% 55%
2001 30.3% 100.2% 21.4% 63.8%
2000 35.8% 118.2% 24.3% 92.2%
1999 45.7% 104.8% 24.1% 105.2%
1998 30.3% 96.3% 21.5% 70.3%
1997 31.1% 73.5% 22% 61.5%
1996 29.3% 92% 22.7% 69.3%
1995 - - 22% 70.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1995–2000, retrieved 2026-07-08).

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

In 2025, Angola's government spending was $23B, accounting for 18.9% of its GDP, while Ecuador spent $50B, or 38.4% of GDP.

Debt-to-GDP ratio is 51.3% in Angola and 54.4% in Ecuador, ranking 103/185 and 92/185, respectively.

Government deficit by year

Deficit/surplus
Angola

Ecuador
1x
Year Deficit/surplus, % of GDP
Angola Ecuador
2025 -4.07% -2.88%
2024 -1.19% -1.28%
2023 -2.49% -3.49%
2022 1.78% 0.04%
2021 1.35% -1.59%
2020 -3.05% -7.38%
2019 -0.2% -3.47%
2018 2% -2.8%
2017 -5.68% -5.77%
2016 -3.93% -10.3%
2015 -2.58% -6.87%
2014 -5.08% -8.11%
2013 -0.28% -8.17%
2012 3.67% -2.83%
2011 7.17% -0.13%
2010 2.96% -1.39%
2009 -6.83% -3.71%
2008 -3.82% 0.57%
2007 3.81% 2.66%
2006 8.42% 2.92%
2005 6.4% 0.66%
2004 1.03% 1.94%
2003 -4.1% 1.05%
2002 -2.24% 0.74%
2001 2.8% 0.03%
2000 2.02% -0.32%
1999 -9.4% -4.82%
1998 -5.92% -5.1%
1997 -0.27% -2.83%
1996 5.22% -3.44%
1995 - -2.02%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08).

GeoRank.org/economy/angola/ecuador | 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 Ecuador's deficit of $3.76B, or 2.88% of GDP.

Over the past 30 years, Angola recorded a fiscal deficit in 17 of those years, while Ecuador ran a deficit in 21 years. On average, Angola posted an annual deficit equal to 0.42% of GDP, compared to deficit of 2.54% of GDP for Ecuador.

Inflation comparison by year

Inflation
Angola

Ecuador
1x
Year Consumer prices inflation
Angola Ecuador
2025 20.2% 0.71%
2024 28.2% 1.55%
2023 13.6% 2.22%
2022 21.4% 3.47%
2021 25.8% 0.13%
2020 22.3% -0.34%
2019 17.1% 0.27%
2018 19.6% -0.22%
2017 29.8% 0.42%
2016 30.7% 1.73%
2015 9.2% 3.97%
2014 7.3% 3.59%
2013 8.8% 2.72%
2012 10.3% 5.1%
2011 13.5% 4.47%
2010 14.5% 3.55%
2009 13.7% 5.16%
2008 12.5% 8.4%
2007 12.2% 2.28%
2006 13.3% 3.3%
2005 23% 2.17%
2004 43.5% 2.74%
2003 98.2% 7.93%
2002 108.9% 12.5%
2001 152.6% 37.7%
2000 325% 96.1%
1999 248.2% 52.2%
1998 107.4% 36.1%
1997 221.5% 30.7%

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/ecuador | CC BY

Over the past 29 years, Angola has recorded an average annual inflation rate of 57.7%, compared with 11.4% in Ecuador. In 2025, inflation was 20.2% in Angola and 0.71% in Ecuador.

Top exports between countries

Angola
Export category Export value
Machinery & equipment $63K
Textiles & consumer goods $8K
Raw materials & minerals $1K
Wood & paper products $1K
Ecuador
Export category Export value
Processed food, beverages & tobacco $197K
Machinery & equipment $74K
Metals $7K
Miscellaneous $4K
Textiles & consumer goods $4K
Chemicals & pharma $3K
Raw agricultural goods $1K

Balance of trade

Angola Ecuador
Current account balance
$536M
2025
$7.7B
2025
Current account balance ranking
57/190
2025
28/190
2025
Current account balance, % of GDP
+0.44%
2025
+5.91%
2025
Goods imports
$15.5B
2025
$31.1B
2025
Goods exports
$30.6B
2025
$37.4B
2025
Service imports
$8.51B
2025
$6.22B
2025
Service exports
$118M
2025
$4.14B
2025
Imports of goods and services, % of GDP
11.7%
2025
27.9%
2025
Exports of goods and services, % of GDP
23%
2025
31.4%
2025

Economic freedom indices

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

Angola Ecuador
Economic freedom 54.4 55.6
Economic freedom ranking 133/197 127/197
Property rights 36.9 33.2
Government integrity 28.3 33
Judicial effectiveness 26.3 48.1
Tax burden 86.9 74.2
Government spending 89.3 54.9
Fiscal health 91.9 90.3
Business freedom 42.8 64.3
Labor freedom 50.8 56.9
Monetary freedom 59 76.3
Trade freedom 70.4 66.4
Investment freedom 30 30
Financial freedom 40 40

Economic freedom comparison by year

Angola
Ecuador
1x
Year Economic freedom index
Angola Ecuador
2026 54.4 55.6
2025 55 55.8
2024 54.3 55
2023 53 55
2022 52.6 54.3
2021 54.2 52.4
2020 52.2 51.3
2019 50.6 46.9
2018 48.6 48.5
2017 48.5 49.3
2016 48.9 48.6
2015 47.9 49.2
2014 47.7 48
2013 47.3 46.9
2012 46.7 48.3
2011 46.2 47.1
2010 48.4 49.3
2009 47 52.5
2008 46.9 55.2
2007 44.7 55.3
2006 43.5 54.6
2005 - 52.9
2004 - 54.4
2003 - 54.1
2002 - 53.1
2001 - 55.1
2000 24.3 59.8
1999 23.7 62.9
1998 24.9 62.8
1997 24.2 61
1996 24.4 60.1
1995 27.4 57.7

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

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

The Economic Freedom Index for Angola is 54.4, ranking 133/197, compared to 55.6 for Ecuador, ranking 127/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Angola Ecuador
Services, % of GDP
46.8%
2025
57%
2025
Industry, % of GDP
27.1%
2025
25.7%
2025
Agriculture, forestry, and fishing, % of GDP
25.2%
2025
9.7%
2025
GNI, Atlas method
$112B
2025
$126B
2025
GNI per capita, PPP
$9,840
2025
$16,290
2025
Total reserves including gold
$13.5B
2025
$9.8B
2025
Total reserves ranking
75/177
2025
79/177
2025
Net foreign direct investment
-$1.02B
2025
-$1.3B
2025
Net inflows of foreign direct investment
-$1.11B
2024
$446M
2024
Net outflows of foreign direct investment
$33.1M
2024
$0
2024
Servicing debt to the IMF, % of GNI
11.3%
2024
7.05%
2024
Poverty at national poverty lines
36.6%
2020
21.4%
2025
Gross capital formation, % of GDP
10.6%
2024
20.9%
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/ecuador | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, 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 (2021–2025, retrieved 2026-07-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1995–2000, 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.