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Economy of Angola vs Gabon compared: GDP & Debt

Updated on by Georank team

Angola has a GDP of $101B compared to $20.9B for Gabon, ranking 71/197 and 127/197 by economy size, respectively.

Angola has $60.5B in government debt (59.9% of GDP), compared to $15.2B (72.7% of GDP) in Gabon.

Angola vs Gabon GDP by year

Angola
Gabon
1x
Year GDP, current $
Angola Gabon
2024 $100,998,916,781 $20,895,684,426
2023 $107,167,747,140 $19,388,372,071
2022 $131,212,208,930 $20,440,655,695
2021 $79,559,543,805 $19,444,935,097
2020 $58,852,456,454 $15,342,236,164
2019 $80,734,428,593 $16,874,405,465
2018 $89,512,794,227 $16,867,326,402
2017 $84,376,935,689 $14,929,487,485
2016 $59,878,249,719 $14,023,890,265
2015 $102,543,067,841 $14,383,107,763
2014 $153,449,860,496 $18,203,966,896
2013 $148,845,200,697 $17,595,744,798
2012 $143,572,907,528 $17,170,464,016
2011 $125,551,634,704 $18,210,307,744
2010 $95,546,919,755 $14,372,593,020
2009 $81,705,175,408 $12,113,699,068
2008 $98,790,432,989 $15,571,348,344
2007 $73,037,821,927 $12,455,409,587
2006 $58,653,659,980 $10,327,598,306
2005 $41,396,636,383 $9,582,783,991
2004 $26,997,977,897 $7,770,219,008
2003 $20,342,128,112 $6,511,903,365
2002 $17,311,512,432 $5,335,451,100
2001 $8,936,079,118 $5,023,265,413
2000 $9,129,594,970 $5,080,483,629
1999 $6,152,923,310 $4,662,992,036
1998 $6,506,221,616 $4,483,417,310
1997 $7,648,380,196 $5,326,817,115
1996 $7,526,421,519 $5,694,040,003
1995 $5,538,749,260 $4,958,845,648
1994 $4,438,321,017 $4,190,819,344
1993 $5,768,720,422 $4,378,645,081
1992 $8,307,810,974 $5,592,390,827
1991 $10,603,784,541 $5,402,919,785
1990 $11,229,515,599 $5,952,293,765
1989 $10,201,780,977 $4,186,411,464
1988 $8,769,836,769 $3,834,503,376
1987 $8,084,412,414 $3,281,797,043
1986 $7,072,536,109 $3,403,638,189
1985 $7,554,065,410 $3,339,914,757
1984 $6,131,475,065 $3,561,451,561
1983 $5,784,341,596 $3,391,275,732
1982 $5,550,483,036 $3,618,007,841
1981 $5,550,483,036 $3,862,269,121
1980 $5,930,503,401 $4,279,637,942
1979 - $3,030,251,120
1978 - $2,389,479,272
1977 - $2,809,349,069
1976 - $3,009,409,974
1975 - $2,157,592,940
1974 - $1,544,216,002
1973 - $722,780,701
1972 - $430,508,359
1971 - $381,687,073
1970 - $323,802,476
1969 - $318,124,701
1968 - $294,468,564
1967 - $271,543,680
1966 - $245,849,781
1965 - $226,474,286
1964 - $215,679,855
1963 - $154,480,244
1962 - $182,796,536
1961 - $167,637,907
1960 - $141,468,978

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Angola vs Gabon by year

Angola
GDP per capita

GDP per capita, PPP
Gabon
GDP per capita

GDP per capita, PPP
1x
Year Current $
Angola Gabon
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,666 $10,119 $8,230 $21,510
2023 $2,916 $9,754 $7,803 $20,756
2022 $3,682 $9,588 $8,409 $19,993
2021 $2,304 $8,862 $8,181 $18,524
2020 $1,759 $7,827 $6,606 $14,477
2019 $2,494 $8,573 $7,441 $15,950
2018 $2,860 $8,278 $7,624 $15,432
2017 $2,791 $8,007 $6,922 $14,797
2016 $2,052 $7,767 $6,677 $13,998
2015 $3,642 $8,067 $7,047 $14,306
2014 $5,650 $9,018 $9,201 $14,854
2013 $5,689 $8,504 $9,198 $14,498
2012 $5,702 $8,246 $9,297 $14,620
2011 $5,184 $7,538 $10,219 $14,784
2010 $4,102 $7,412 $8,357 $14,015
2009 $3,645 $7,228 $7,291 $13,384
2008 $4,578 $7,316 $9,689 $13,734
2007 $3,515 $6,728 $8,004 $14,391
2006 $2,930 $6,018 $6,847 $13,637
2005 $2,146 $5,416 $6,548 $14,028
2004 $1,451 $4,771 $5,466 $13,638
2003 $1,134 $4,322 $4,711 $13,564
2002 $999 $4,241 $3,966 $13,369
2001 $534 $3,802 $3,836 $13,556
2000 $564 $3,690 $3,983 $13,326
1999 $393 $3,619 $3,751 $13,629
1998 $429 $3,609 $3,700 $15,138
1997 $522 $3,525 $4,509 $14,837
1996 $531 $3,342 $4,943 $14,147
1995 $404 $2,990 $4,415 $13,750
1994 $335 $2,633 $3,828 $13,164
1993 $450 $2,628 $4,106 $12,757
1992 $669 $3,486 $5,386 $12,312
1991 $882 $3,740 $5,345 $12,760
1990 $966 $3,705 $6,051 $11,952
1989 $908 - $4,374 -
1988 $807 - $4,119 -
1987 $770 - $3,624 -
1986 $698 - $3,865 -
1985 $772 - $3,898 -
1984 $650 - $4,273 -
1983 $637 - $4,182 -
1982 $634 - $4,584 -
1981 $658 - $5,026 -
1980 $729 - $5,718 -
1979 - - $4,155 -
1978 - - $3,360 -
1977 - - $4,048 -
1976 - - $4,441 -
1975 - - $3,258 -
1974 - - $2,384 -
1973 - - $1,140 -
1972 - - $693 -
1971 - - $627 -
1970 - - $543 -
1969 - - $545 -
1968 - - $515 -
1967 - - $482 -
1966 - - $443 -
1965 - - $415 -
1964 - - $400 -
1963 - - $290.7 -
1962 - - $348 -
1961 - - $323 -
1960 - - $276.1 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Angola's GDP per capita is $2,666, ranking 144/197, compared to $8,230 in Gabon, ranking 93/197. Adjusted for purchasing power (GDP per capita PPP), Angola ranks 133rd at $10,119, while Gabon ranks 90th at $21,510.

Economic indicators

Angola Gabon
Gross domestic product
$101B
2024
$20.9B
2024
GDP rank
71/197
2024
127/197
2024
GDP growth
4.42%
2023-2024
3.39%
2023-2024
GDP per capita
$2,666
2024
$8,230
2024
GDP per capita rank
144/197
2024
93/197
2024
GDP per capita, PPP
$10,119
2024
$21,510
2024
GDP per capita PPP rank
133/197
2024
90/197
2024
Government debt
$60.5B
2024
$15.2B
2024
Debt-to-GDP ratio
59.9%
2024
72.7%
2024
Government debt per person
$1,597
2024
$5,985
2024
Government debt per person rank
127/185
2024
75/185
2024
Average annual personal income after taxes
$28,080
2026
$5,368
2026
Income share by richest 10%
39.6%
2018
27.7%
2017
Income share by poorest 10%
1.3%
2018
2.2%
2017
Government expenditure, % of GDP
18.4%
2024
24.8%
2024
Consumer prices inflation
28.2%
2023-2024
1.17%
2023-2024
Central bank interest rate
18%
2023
n/a
Unemployment rate
14.1%
2022
20.4%
2010
Population
40555924
2663339

Spending and national debt comparison by year

Angola
Spending

Debt
Gabon
Spending

Debt
1x
Year % of GDP
Angola Gabon
Government spending Government debt Government spending Government debt
2024 18.4% 59.9% 24.8% 72.7%
2023 18.8% 72.4% 21.5% 70.6%
2022 19.5% 56.1% 19.7% 65.6%
2021 17.3% 74.3% 17.3% 72.9%
2020 20% 119.1% 19.8% 83%
2019 18.2% 101.4% 17.4% 59.8%
2018 18.3% 82.5% 17.1% 62.3%
2017 21% 60.5% 18.1% 62.9%
2016 19.4% 66.7% 21.8% 64.5%
2015 23.9% 50.4% 22.3% 44.7%
2014 32.3% 35.3% 23.8% 34.1%
2013 32.9% 29.5% 34.7% 31.1%
2012 33.2% 23.8% 23.9% 21.4%
2011 33.3% 26.3% 22.1% 21.4%
2010 34.6% 32.6% 23.1% 21.3%
2009 38.7% 48.4% 22.6% 26%
2008 47.2% 28.1% 18.9% 20.1%
2007 34.1% 18.8% 19.4% 39.2%
2006 27.3% 16.7% 21.1% 34.9%
2005 23.7% 29.9% 20.8% 41.7%
2004 26% 41.6% 20.9% 60.3%
2003 30.1% 50.8% 21.2% 70.2%
2002 27.6% 65.1% 25.7% 81.1%
2001 30.3% 100.2% 27.8% 81%
2000 35.8% 118.2% 20.3% 72.5%
1999 39.4% 104.8% 25.5% 73.1%
1998 26.1% 96.3% 45.5% 87.6%
1997 26.8% 73.5% 29.7% 57%
1996 25.2% 92% 22.2% 64.5%
1995 - - 25.1% 73.4%
1994 - - 23.9% 71.3%
1993 - - 26.9% 90.1%
1992 - - 26.5% 87.9%
1991 - - 25.1% 89.3%
1990 - - 22.6% 90%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1996–1999, retrieved 2026-02-20).

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

In 2024, Angola's government spending was $18.6B, accounting for 18.4% of its GDP, while Gabon spent $5.18B, or 24.8% of GDP.

Debt-to-GDP ratio is 59.9% in Angola and 72.7% in Gabon, ranking 78/185 and 51/185, respectively.

Government deficit by year

Deficit/surplus
Angola

Gabon
1x
Year Deficit/surplus, % of GDP
Angola Gabon
2024 -1.01% -3.84%
2023 -1.83% 1.79%
2022 0.58% -0.89%
2021 3.4% -1.93%
2020 -1.66% -2.19%
2019 0.69% 2.13%
2018 2.03% -0.21%
2017 -5.75% -1.7%
2016 -3.98% -4.71%
2015 -2.57% -1.12%
2014 -5.07% 5.98%
2013 -0.27% -3.07%
2012 3.68% 6.2%
2011 7.2% 1.41%
2010 2.98% 2.7%
2009 -6.8% 6.77%
2008 -3.8% 11%
2007 3.85% 8.06%
2006 8.42% 8.67%
2005 6.4% 7.98%
2004 1.03% 6.99%
2003 -4.1% 7.75%
2002 -2.24% 3.72%
2001 2.8% 4.07%
2000 2.02% 11.1%
1999 -8.1% 1.11%
1998 -5.1% -13.1%
1997 -0.23% 1.41%
1996 4.49% 2.12%
1995 - 2.64%
1994 - -1.53%
1993 - -5.35%
1992 - -4.9%
1991 - -2.03%
1990 - -3.83%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/angola/gabon | 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 Gabon's deficit of $802M, or 3.84% of GDP.

Over the past 29 years, Angola recorded a fiscal deficit in 15 of those years, while Gabon ran a deficit in 10 years. On average, Angola posted an annual deficit equal to 0.1% of GDP, compared to surplus of 2.35% of GDP for Gabon.

Inflation comparison by year

Inflation
Angola

Gabon
1x
Year Consumer prices inflation
Angola Gabon
2024 28.2% 1.17%
2023 13.6% 3.63%
2022 21.4% 4.23%
2021 25.8% 1.09%
2020 22.3% 1.35%
2019 17.1% 2.46%
2018 19.6% 4.75%
2017 29.8% 2.65%
2016 30.7% 2.11%
2015 9.2% -0.34%
2014 7.3% 4.69%
2013 8.8% 0.51%
2012 10.3% 2.65%
2011 13.5% 1.26%
2010 14.5% 1.46%
2009 13.7% 1.89%
2008 12.5% 5.26%
2007 12.2% 5.03%
2006 13.3% -1.41%
2005 23% 3.71%
2004 43.5% 0.41%
2003 98.2% 2.24%
2002 108.9% 0.04%
2001 152.6% 2.14%
2000 325% 0.5%
1999 248.2% -1.94%
1998 107.4% 1.45%
1997 221.5% 3.97%

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/gabon | CC BY

Over the past 28 years, Angola has recorded an average annual inflation rate of 59%, compared with 2.03% in Gabon. In 2024, inflation was 28.2% in Angola and 1.17% in Gabon.

Top exports between countries

Angola
Export category Export value
Machinery & equipment $2.4M
Raw materials & minerals $57K
Chemicals & pharma $46K
Metals $31K
Raw agricultural goods $27K
Textiles & consumer goods $24K
Processed food, beverages & tobacco $17K
Weapons & explosives $5K
Miscellaneous $3K
Precious metals & jewellery $1K
Gabon
Export category Export value
Machinery & equipment $54.8M
Metals $2.31M
Raw materials & minerals $494K
Chemicals & pharma $420K
Textiles & consumer goods $375K
Processed food, beverages & tobacco $86K
Weapons & explosives $54K
Miscellaneous $23K
Precious metals & jewellery $17K
Wood & paper products $15K

Balance of trade

Angola Gabon
Current account balance
$6.31B
2024
$141M
2015
Current account balance ranking
30/190
2024
66/190
2015
Current account balance, % of GDP
+6.25%
2024
+0.98%
2015
Goods imports
$14.2B
2024
$3.17B
2015
Goods exports
$36.8B
2024
$5.11B
2015
Service imports
$8.49B
2024
$1.88B
2015
Service exports
$129M
2024
$277M
2015
Imports of goods and services, % of GDP
19.4%
2024
27.5%
2024
Exports of goods and services, % of GDP
31.5%
2024
64.6%
2024

Economic freedom indices

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

Angola Gabon
Economic freedom 54.4 56.6
Economic freedom ranking 133/197 120/197
Property rights 36.9 30
Government integrity 28.3 22.6
Judicial effectiveness 26.3 19.9
Tax burden 86.9 76.5
Government spending 89.3 85.5
Fiscal health 91.9 87.9
Business freedom 42.8 63.6
Labor freedom 50.8 55.4
Monetary freedom 59 80.9
Trade freedom 70.4 57.4
Investment freedom 30 60
Financial freedom 40 40

Economic freedom comparison by year

Angola
Gabon
1x
Year Economic freedom index
Angola Gabon
2026 54.4 56.6
2025 55 56.3
2024 54.3 56.9
2023 53 56.1
2022 52.6 55.8
2021 54.2 58.1
2020 52.2 56.7
2019 50.6 56.3
2018 48.6 58
2017 48.5 58.6
2016 48.9 59
2015 47.9 58.3
2014 47.7 57.8
2013 47.3 57.8
2012 46.7 56.4
2011 46.2 56.7
2010 48.4 55.4
2009 47 55
2008 46.9 54.2
2007 44.7 54.8
2006 43.5 56.1
2005 - 54.8
2004 - 57.1
2003 - 58.7
2002 - 58
2001 - 55
2000 24.3 58.2
1999 23.7 60.5
1998 24.9 59.2
1997 24.2 58.8
1996 24.4 55.7
1995 27.4 57.5

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

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

The Economic Freedom Index for Angola is 54.4, ranking 133/197, compared to 56.6 for Gabon, ranking 120/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Angola Gabon
Services, % of GDP
41.1%
2024
36.8%
2024
Industry, % of GDP
34.6%
2024
52.9%
2024
Agriculture, forestry, and fishing, % of GDP
22.1%
2024
6.56%
2024
GNI, Atlas method
$108B
2024
$19.8B
2024
GNI per capita, PPP
$9,460
2024
$20,400
2024
Total reserves including gold
$14.2B
2024
$1.45B
2023
Total reserves ranking
69/177
2024
136/177
2023
Net foreign direct investment
$1.14B
2024
-$25.3M
2015
Net inflows of foreign direct investment
-$1.11B
2024
$1.14B
2024
Net outflows of foreign direct investment
$33.1M
2024
-$33.8M
2019
Servicing debt to the IMF, % of GNI
11.5%
2024
5.67%
2024
Poverty at national poverty lines
36.6%
2020
33.4%
2017
Gross capital formation, % of GDP
10.4%
2024
19.1%
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/gabon | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, 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 (2020–2024, 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.