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Economy of Angola vs France compared: GDP & Debt

Updated on by Georank

Angola has a GDP of $122B compared to $3.37T for France, ranking 68/197 and 7/197 by economy size, respectively.

Angola has $62.7B in government debt (51.3% of GDP), compared to $3.9T (116% of GDP) in France.

Angola vs France GDP by year

Angola
France
1x
Year GDP, current $
Angola France
2025 $122,174,889,424 $3,366,315,927,447
2024 $103,080,538,044 $3,160,442,622,465
2023 $106,042,349,567 $3,056,250,648,138
2022 $128,233,959,333 $2,794,788,137,067
2021 $78,283,923,544 $2,966,433,692,008
2020 $58,512,033,806 $2,647,926,055,110
2019 $81,193,813,808 $2,722,793,515,172
2018 $90,506,061,877 $2,781,576,320,884
2017 $85,629,598,654 $2,588,868,323,335
2016 $60,770,049,747 $2,470,407,619,777
2015 $102,543,067,841 $2,442,483,452,643
2014 $153,449,860,496 $2,861,236,112,552
2013 $148,845,200,696 $2,816,077,607,875
2012 $143,572,907,528 $2,683,007,095,787
2011 $125,551,634,705 $2,870,408,553,990
2010 $95,546,919,754 $2,646,230,027,988
2009 $81,705,175,409 $2,700,075,882,519
2008 $98,790,432,989 $2,926,802,941,586
2007 $73,037,821,926 $2,655,816,911,867
2006 $58,653,659,980 $2,317,861,544,691
2005 $41,396,636,384 $2,192,146,403,028
2004 $26,997,977,896 $2,109,792,297,237
2003 $20,342,128,112 $1,835,095,983,049
2002 $17,311,512,433 $1,492,427,756,382
2001 $8,936,079,118 $1,370,376,677,299
2000 $9,129,594,970 $1,360,959,069,477
1999 $6,152,923,310 $1,486,915,879,702
1998 $6,506,221,616 $1,496,906,382,032
1997 $7,648,380,196 $1,449,392,222,971
1996 $7,526,421,519 $1,598,889,216,566
1995 $5,538,749,260 $1,595,219,345,512
1994 $4,438,321,017 $1,385,822,778,828
1993 $5,768,720,422 $1,314,383,368,080
1992 $8,307,810,974 $1,389,663,073,110
1991 $10,603,784,541 $1,258,961,748,634
1990 $11,229,515,599 $1,257,649,439,827
1989 $10,201,780,977 $1,016,742,237,302
1988 $8,769,836,769 $1,010,827,662,152
1987 $8,084,412,414 $926,320,855,615
1986 $7,072,536,109 $764,946,585,851
1985 $7,554,065,410 $547,220,981,165
1984 $6,131,475,065 $525,033,325,828
1983 $5,784,341,596 $553,356,312,936
1982 $5,550,483,036 $578,152,310,610
1981 $5,550,483,036 $609,184,791,792
1980 $5,930,503,401 $694,529,183,483
1979 - $608,218,624,730
1978 - $501,724,418,605
1977 - $406,401,711,688
1976 - $368,363,152,144
1975 - $357,324,307,786
1974 - $282,739,225,314
1973 - $261,970,536,240
1972 - $201,738,881,664
1971 - $164,694,210,962
1970 - $147,312,861,698
1969 - $140,660,914,841
1968 - $128,710,572,572
1967 - $118,088,635,381
1966 - $109,306,730,313
1965 - $100,927,668,584
1964 - $93,424,179,943
1963 - $84,227,606,650
1962 - $75,196,980,365
1961 - $67,158,050,215
1960 - $61,959,085,885

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

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

GDP per capita in Angola vs France by year

Angola
GDP per capita

GDP per capita, PPP
France
GDP per capita

GDP per capita, PPP
1x
Year Current $
Angola France
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $3,129 - $48,986 -
2024 $2,721 $10,119 $46,103 $62,557
2023 $2,886 $9,754 $44,700 $60,839
2022 $3,599 $9,588 $40,989 $57,043
2021 $2,267 $8,862 $43,725 $52,517
2020 $1,749 $7,827 $39,170 $49,482
2019 $2,508 $8,573 $40,408 $51,130
2018 $2,892 $8,278 $41,418 $46,381
2017 $2,832 $8,007 $38,687 $44,469
2016 $2,082 $7,767 $37,024 $42,880
2015 $3,642 $8,067 $36,702 $40,905
2014 $5,650 $9,018 $43,148 $40,218
2013 $5,689 $8,504 $42,669 $39,583
2012 $5,702 $8,246 $40,864 $37,671
2011 $5,184 $7,538 $43,930 $37,510
2010 $4,102 $7,412 $40,695 $35,908
2009 $3,645 $7,228 $41,728 $34,685
2008 $4,578 $7,316 $45,465 $35,053
2007 $3,515 $6,728 $41,486 $34,066
2006 $2,930 $6,018 $36,432 $32,424
2005 $2,146 $5,416 $34,696 $30,431
2004 $1,451 $4,771 $33,645 $28,921
2003 $1,134 $4,322 $29,480 $28,024
2002 $999 $4,241 $24,145 $28,350
2001 $534 $3,802 $22,332 $27,347
2000 $564 $3,690 $22,341 $26,007
1999 $393 $3,619 $24,576 $24,204
1998 $429 $3,609 $24,869 $23,263
1997 $522 $3,525 $24,169 $22,190
1996 $531 $3,342 $26,758 $21,268
1995 $404 $2,990 $26,792 $20,701
1994 $335 $2,633 $23,360 $19,892
1993 $450 $2,628 $22,239 $19,094
1992 $669 $3,486 $23,615 $18,801
1991 $882 $3,740 $21,501 $18,198
1990 $966 $3,705 $21,586 $17,475
1989 $908 - $17,547 -
1988 $807 - $17,550 -
1987 $770 - $16,176 -
1986 $698 - $13,430 -
1985 $772 - $9,657 -
1984 $650 - $9,312 -
1983 $637 - $9,862 -
1982 $634 - $10,360 -
1981 $658 - $10,956 -
1980 $729 - $12,565 -
1979 - - $11,063 -
1978 - - $9,167 -
1977 - - $7,459 -
1976 - - $6,792 -
1975 - - $6,617 -
1974 - - $5,261 -
1973 - - $4,907 -
1972 - - $3,809 -
1971 - - $3,137 -
1970 - - $2,833 -
1969 - - $2,729 -
1968 - - $2,518 -
1967 - - $2,328 -
1966 - - $2,173 -
1965 - - $2,024 -
1964 - - $1,891 -
1963 - - $1,723 -
1962 - - $1,554 -
1961 - - $1,402 -
1960 - - $1,307 -

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

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

Angola's GDP per capita is $3,129, ranking 142/197, compared to $48,986 in France, ranking 27/197. Adjusted for purchasing power (GDP per capita PPP), Angola ranks 133rd at $10,119, while France ranks 30th at $62,557.

Economic indicators

Angola France
Gross domestic product
$122B
2025
$3.37T
2025
GDP rank
68/197
2025
7/197
2025
GDP growth
3.13%
2024-2025
0.84%
2024-2025
GDP per capita
$3,129
2025
$48,986
2025
GDP per capita rank
142/197
2025
27/197
2025
GDP per capita, PPP
$10,119
2024
$62,557
2024
GDP per capita PPP rank
133/197
2024
30/197
2024
Government debt
$62.7B
2025
$3.9T
2025
Debt-to-GDP ratio
51.3%
2025
116%
2025
Government debt per person
$1,606
2025
$56,819
2025
Government debt per person rank
127/185
2025
8/185
2025
Average annual personal income after taxes
$2,550
2026
$35,062
2026
Market capitalization of domestic companies n/a
$2.37T
2018
Number of millionaires n/a
2,388,000
2026
Number of billionaires n/a
51
2026
Income share by richest 10%
39.6%
2018
25%
2023
Income share by poorest 10%
1.3%
2018
3%
2023
Government expenditure, % of GDP
18.9%
2025
57.5%
2025
Consumer prices inflation
20.2%
2024-2025
0.94%
2024-2025
Central bank interest rate
17.5%
2026
n/a
Unemployment rate
10.4%
2025
7.7%
2025
Population
40839390
68871753

Spending and national debt comparison by year

Angola
Spending

Debt
France
Spending

Debt
1x
Year % of GDP
Angola France
Government spending Government debt Government spending Government debt
2025 18.9% 51.3% 57.5% 116%
2024 19% 57.1% 57.3% 113.2%
2023 23.3% 75.7% 56.8% 109.6%
2022 24.8% 57.4% 58.4% 111.4%
2021 22.8% 75.5% 59.5% 112.8%
2020 24.4% 119.8% 61.7% 114.9%
2019 20.9% 100.8% 55.3% 98.2%
2018 17.8% 81.6% 56.4% 98.5%
2017 20.7% 59.6% 57.7% 98.8%
2016 19.1% 65.7% 57.4% 98.1%
2015 23.9% 50.4% 57.6% 97%
2014 32.3% 35.3% 58.4% 96.2%
2013 32.9% 29.5% 58.6% 94.6%
2012 33.2% 23.8% 57.9% 91.7%
2011 33.3% 26.3% 57% 88.7%
2010 34.6% 32.6% 57.7% 86.3%
2009 38.7% 48.4% 58% 84.1%
2008 47.2% 28.1% 54.3% 69.8%
2007 34.1% 18.8% 53.6% 65.5%
2006 27.3% 16.7% 53.7% 65.4%
2005 23.7% 29.9% 54.3% 68.2%
2004 26% 41.6% 54% 66.9%
2003 30.1% 50.8% 54.4% 65.4%
2002 27.6% 65.1% 53.9% 61.3%
2001 30.3% 100.2% 52.8% 59.3%
2000 35.8% 118.2% 52.6% 59.7%
1999 45.7% 104.8% 53.7% 61.4%
1998 30.3% 96.3% 54% 62.1%
1997 31.1% 73.5% 55.6% 62%
1996 29.3% 92% 56% 60.6%
1995 - - 56% 57.8%
1994 - - 55.9% 51.6%
1993 - - 56.5% 48.2%
1992 - - 54% 41.7%
1991 - - 52.7% 37.8%
1990 - - 51.6% 36.8%
1989 - - 48.9% 34%
1988 - - 50.1% 33.3%
1987 - - 50.7% 33.4%
1986 - - 51.3% 31.1%
1985 - - 51.9% 30.6%
1984 - - 51.2% 29%
1983 - - 50.2% 26.6%
1982 - - 49.9% 25.3%
1981 - - 48.5% 22%
1980 - - 46% 20.7%
1979 - - 44.9% 21.1%
1978 - - 44.7% 21.2%
1977 - - 21.4% 15%
1976 - - 21.7% 15.1%
1975 - - 22% 16.1%
1974 - - 19.9% 15.4%
1973 - - 19.7% 15.8%
1972 - - 19.8% 17.7%
1971 - - 20% 20.1%
1970 - - 20.5% 21%
1969 - - 21.5% 14.4%
1968 - - 22.7% 15.8%
1967 - - 21.4% 16.1%
1966 - - 21.4% 15.3%
1965 - - 21.1% 17.6%
1964 - - 21% 19.6%
1963 - - 22.6% 22.2%
1962 - - 21.7% 23.6%
1961 - - 21.9% 26.3%
1960 - - 22.2% 28.5%

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/france | CC BY

In 2025, Angola's government spending was $23B, accounting for 18.9% of its GDP, while France spent $1.93T, or 57.5% of GDP.

Debt-to-GDP ratio is 51.3% in Angola and 116% in France, ranking 103/185 and 13/185, respectively.

Government deficit by year

Deficit/surplus
Angola

France
1x
Year Deficit/surplus, % of GDP
Angola France
2025 -4.07% -5.11%
2024 -1.19% -5.79%
2023 -2.49% -5.44%
2022 1.78% -4.74%
2021 1.35% -6.58%
2020 -3.05% -8.93%
2019 -0.2% -2.39%
2018 2% -2.32%
2017 -5.68% -3.36%
2016 -3.93% -3.76%
2015 -2.58% -3.89%
2014 -5.08% -4.57%
2013 -0.28% -4.94%
2012 3.67% -5.17%
2011 7.17% -5.3%
2010 2.96% -7.16%
2009 -6.83% -7.38%
2008 -3.82% -3.5%
2007 3.81% -2.99%
2006 8.42% -2.66%
2005 6.4% -3.5%
2004 1.03% -3.55%
2003 -4.1% -4.09%
2002 -2.24% -3.18%
2001 2.8% -1.42%
2000 2.02% -1.32%
1999 -9.4% -1.55%
1998 -5.92% -2.39%
1997 -0.27% -3.71%
1996 5.22% -3.89%
1995 - -5.11%
1994 - -5.46%
1993 - -6.4%
1992 - -4.64%
1991 - -2.89%
1990 - -2.45%
1989 - -1.9%
1988 - -2.7%
1987 - -2.13%
1986 - -3.3%
1985 - -3.08%
1984 - -2.8%
1983 - -2.58%
1982 - -2.91%
1981 - -2.39%
1980 - -0.27%
1979 - -0.36%
1978 - -1.73%
1977 - 0.9%
1976 - 1.01%
1975 - -0.28%
1974 - 3.05%
1973 - 1.97%
1972 - 1.94%
1971 - -0.13%
1970 - 0.02%
1969 - -0.49%
1968 - -2.54%
1967 - -0.8%
1966 - -0.57%
1965 - -0.07%
1964 - -0.25%
1963 - -2.24%
1962 - -1.53%
1961 - -1.36%
1960 - -1.95%
1959 - 0.56%
1958 - 0.08%
1957 - -1.99%
1956 - -2.62%
1955 - -1.04%
1954 - -0.78%
1953 - -4.79%
1952 - -6.82%
1951 - -4.42%
1950 - -5.56%
1949 - -7.31%
1948 - -9.11%
1947 - -7.6%
1946 - -8.1%
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - -
1938 - -
1937 - -6.89%
1936 - -4.76%
1935 - -4.22%
1934 - -4.31%
1933 - -4.96%
1932 - -1.86%
1931 - -2.06%
1930 - -1.65%
1929 - 1.48%
1928 - 1.13%
1927 - -0.04%
1926 - -0.02%
1925 - -0.87%
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - 0.05%
1912 - 0.23%
1911 - 0.31%
1910 - -0.12%
1909 - -0.11%
1908 - -0.15%
1907 - 0.23%
1906 - -0.04%
1905 - 0.18%
1904 - 0.3%
1903 - 0.21%
1902 - -0.37%
1901 - -0.39%
1900 - 0.21%
1899 - 0.21%
1898 - 0.29%
1897 - 0.01%
1896 - -0.03%
1895 - -0.07%
1894 - -0.08%
1893 - -0.3%
1892 - -0.03%
1891 - 0.36%
1890 - 0.31%
1889 - 0.09%
1888 - 0.18%
1887 - -0.07%
1886 - -0.5%
1885 - -0.59%
1884 - -0.35%
1883 - -0.23%
1882 - -0.15%
1881 - 0.64%
1880 - 0.65%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/angola/france | 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 France's deficit of $172B, or 5.11% of GDP.

Over the past 30 years, Angola recorded a fiscal deficit in 17 of those years, while France ran a deficit in 30 years. On average, Angola posted an annual deficit equal to 0.42% of GDP, compared to deficit of 4.15% of GDP for France.

Inflation comparison by year

Inflation
Angola

France
1x
Year Consumer prices inflation
Angola France
2025 20.2% 0.94%
2024 28.2% 2%
2023 13.6% 4.88%
2022 21.4% 5.22%
2021 25.8% 1.64%
2020 22.3% 0.48%
2019 17.1% 1.11%
2018 19.6% 1.85%
2017 29.8% 1.03%
2016 30.7% 0.18%
2015 9.2% 0.04%
2014 7.3% 0.51%
2013 8.8% 0.86%
2012 10.3% 1.95%
2011 13.5% 2.11%
2010 14.5% 1.53%
2009 13.7% 0.09%
2008 12.5% 2.81%
2007 12.2% 1.49%
2006 13.3% 1.68%
2005 23% 1.75%
2004 43.5% 2.14%
2003 98.2% 2.1%
2002 108.9% 1.92%
2001 152.6% 1.63%
2000 325% 1.68%
1999 248.2% 0.54%
1998 107.4% 0.65%
1997 221.5% 1.2%

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/france | CC BY

Over the past 29 years, Angola has recorded an average annual inflation rate of 57.7%, compared with 1.59% in France. In 2025, inflation was 20.2% in Angola and 0.94% in France.

Top exports between countries

Angola
Export category Export value
Raw materials & minerals $1.51B
Machinery & equipment $29M
Metals $5.33M
Textiles & consumer goods $1.1M
Chemicals & pharma $97K
Wood & paper products $33K
Precious metals & jewellery $14K
Processed food, beverages & tobacco $6K
Animal & marine products $1K
Miscellaneous $1K
France
Export category Export value
Metals $207M
Machinery & equipment $128M
Chemicals & pharma $25.8M
Raw materials & minerals $12.7M
Processed food, beverages & tobacco $10.5M
Textiles & consumer goods $9.25M
Raw agricultural goods $8.26M
Animal & marine products $5.69M
Miscellaneous $998K
Wood & paper products $776K

Balance of trade

Angola France
Current account balance
$536M
2025
-$9.24B
2025
Current account balance ranking
57/190
2025
173/190
2025
Current account balance, % of GDP
+0.44%
2025
-0.27%
2025
Goods imports
$15.5B
2025
$770B
2025
Goods exports
$30.6B
2025
$704B
2025
Service imports
$8.51B
2025
$370B
2025
Service exports
$118M
2025
$429B
2025
Imports of goods and services, % of GDP
11.7%
2025
33.8%
2025
Exports of goods and services, % of GDP
23%
2025
33.4%
2025

Economic freedom indices

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

Angola France
Economic freedom 54.4 64.6
Economic freedom ranking 133/197 72/197
Property rights 36.9 91.2
Government integrity 28.3 73.4
Judicial effectiveness 26.3 84.7
Tax burden 86.9 54.6
Government spending 89.3 0.9
Fiscal health 91.9 34.8
Business freedom 42.8 78.4
Labor freedom 50.8 59.1
Monetary freedom 59 73.2
Trade freedom 70.4 79.4
Investment freedom 30 75
Financial freedom 40 70

Economic freedom comparison by year

Angola
France
1x
Year Economic freedom index
Angola France
2026 54.4 64.6
2025 55 64.4
2024 54.3 62.5
2023 53 63.6
2022 52.6 65.9
2021 54.2 65.7
2020 52.2 66
2019 50.6 63.8
2018 48.6 63.9
2017 48.5 63.3
2016 48.9 62.3
2015 47.9 62.5
2014 47.7 63.5
2013 47.3 64.1
2012 46.7 63.2
2011 46.2 64.6
2010 48.4 64.2
2009 47 63.3
2008 46.9 64.7
2007 44.7 62.1
2006 43.5 61.1
2005 - 60.5
2004 - 60.9
2003 - 59.2
2002 - 58
2001 - 58
2000 24.3 57.4
1999 23.7 59.1
1998 24.9 58.9
1997 24.2 59.1
1996 24.4 63.7
1995 27.4 64.4

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

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

The Economic Freedom Index for Angola is 54.4, ranking 133/197, compared to 64.6 for France, ranking 72/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Angola France
Services, % of GDP
46.8%
2025
70.9%
2025
Industry, % of GDP
27.1%
2025
16.8%
2025
Agriculture, forestry, and fishing, % of GDP
25.2%
2025
1.4%
2025
GNI, Atlas method
$112B
2025
$3.34T
2025
GNI per capita, PPP
$9,840
2025
$65,110
2025
Total reserves including gold
$13.5B
2025
$428B
2025
Total reserves ranking
75/177
2025
12/177
2025
Net foreign direct investment
-$1.02B
2025
$7.24B
2025
Net inflows of foreign direct investment
-$1.11B
2024
$52.1B
2024
Net outflows of foreign direct investment
$33.1M
2024
$41.7B
2024
Servicing debt to the IMF, % of GNI
11.3%
2024
n/a
Poverty at national poverty lines
36.6%
2020
15.6%
2021
Gross capital formation, % of GDP
10.6%
2024
21.9%
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/france | 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 (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1999, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2024–2025, 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.