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Economy of Angola vs Greece compared: GDP & Debt

Updated on by Georank team

Angola has a GDP of $101B compared to $256B for Greece, ranking 71/197 and 53/197 by economy size, respectively.

Angola has $60.5B in government debt (59.9% of GDP), compared to $397B (154.8% of GDP) in Greece.

Angola vs Greece GDP by year

Angola
Greece
1x
Year GDP, current $
Angola Greece
2024 $100,998,916,781 $256,238,371,778
2023 $107,167,747,140 $242,946,187,738
2022 $131,212,208,930 $217,990,189,601
2021 $79,559,543,805 $218,303,801,895
2020 $58,852,456,454 $191,362,985,555
2019 $80,734,428,593 $207,305,649,887
2018 $89,512,794,227 $213,298,873,494
2017 $84,376,935,689 $200,381,103,984
2016 $59,878,249,719 $193,097,239,006
2015 $102,543,067,841 $194,567,373,678
2014 $153,449,860,496 $233,911,581,521
2013 $148,845,200,697 $236,556,279,641
2012 $143,572,907,528 $238,841,140,018
2011 $125,551,634,704 $283,228,079,776
2010 $95,546,919,755 $296,417,644,404
2009 $81,705,175,408 $326,829,054,686
2008 $98,790,432,989 $351,121,399,546
2007 $73,037,821,927 $314,226,996,944
2006 $58,653,659,980 $269,073,415,334
2005 $41,396,636,383 $242,315,668,619
2004 $26,997,977,897 $234,979,615,898
2003 $20,342,128,112 $196,930,509,813
2002 $17,311,512,432 $150,253,800,086
2001 $8,936,079,118 $132,050,474,720
2000 $9,129,594,970 $125,760,166,225
1999 $6,152,923,310 $137,131,371,955
1998 $6,506,221,616 $139,612,812,176
1997 $7,648,380,196 $138,766,067,640
1996 $7,526,421,519 $142,502,984,145
1995 $5,538,749,260 $134,974,613,914
1994 $4,438,321,017 $114,980,063,202
1993 $5,768,720,422 $107,295,704,518
1992 $8,307,810,974 $114,608,178,405
1991 $10,603,784,541 $103,680,863,713
1990 $11,229,515,599 $96,529,587,274
1989 $10,201,780,977 $78,067,933,277
1988 $8,769,836,769 $75,200,610,137
1987 $8,084,412,414 $64,739,630,096
1986 $7,072,536,109 $55,595,445,472
1985 $7,554,065,410 $47,155,741,426
1984 $6,131,475,065 $47,352,146,312
1983 $5,784,341,596 $48,741,397,059
1982 $5,550,483,036 $53,858,346,939
1981 $5,550,483,036 $51,618,456,335
1980 $5,930,503,401 $56,039,256,595
1979 - $53,724,121,435
1978 - $43,654,480,519
1977 - $35,673,080,481
1976 - $30,719,552,239
1975 - $28,129,128,587
1974 - $24,998,715,909
1973 - $22,037,019,563
1972 - $16,650,659,091
1971 - $14,388,806,818
1970 - $12,957,113,636
1969 - $11,454,106,327
1968 - $9,950,331,206
1967 - $9,146,592,856
1966 - $8,472,021,467
1965 - $7,582,209,670
1964 - $6,576,906,345
1963 - $5,813,285,627
1962 - $5,140,542,929
1961 - $4,892,397,431
1960 - $4,274,890,307

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

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

GDP per capita in Angola vs Greece by year

Angola
GDP per capita

GDP per capita, PPP
Greece
GDP per capita

GDP per capita, PPP
1x
Year Current $
Angola Greece
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,666 $10,119 $24,626 $44,327
2023 $2,916 $9,754 $23,344 $42,711
2022 $3,682 $9,588 $20,887 $39,612
2021 $2,304 $8,862 $20,655 $33,531
2020 $1,759 $7,827 $17,887 $29,533
2019 $2,494 $8,573 $19,335 $31,927
2018 $2,860 $8,278 $19,873 $29,792
2017 $2,791 $8,007 $18,632 $28,682
2016 $2,052 $7,767 $17,919 $27,505
2015 $3,642 $8,067 $17,981 $26,608
2014 $5,650 $9,018 $21,475 $26,450
2013 $5,689 $8,504 $21,573 $25,731
2012 $5,702 $8,246 $21,624 $24,583
2011 $5,184 $7,538 $25,505 $25,693
2010 $4,102 $7,412 $26,653 $27,839
2009 $3,645 $7,228 $29,425 $29,963
2008 $4,578 $7,316 $31,696 $30,441
2007 $3,515 $6,728 $28,441 $28,896
2006 $2,930 $6,018 $24,416 $28,076
2005 $2,146 $5,416 $22,054 $25,004
2004 $1,451 $4,771 $21,449 $24,826
2003 $1,134 $4,322 $18,021 $23,253
2002 $999 $4,241 $13,782 $21,985
2001 $534 $3,802 $12,157 $20,304
2000 $564 $3,690 $11,638 $18,820
1999 $393 $3,619 $12,743 $17,758
1998 $429 $3,609 $13,023 $17,434
1997 $522 $3,525 $13,016 $16,630
1996 $531 $3,342 $13,433 $15,778
1995 $404 $2,990 $12,779 $15,218
1994 $335 $2,633 $10,937 $14,667
1993 $450 $2,628 $10,257 $14,150
1992 $669 $3,486 $11,021 $14,130
1991 $882 $3,740 $10,047 $13,824
1990 $966 $3,705 $9,467 $13,126
1989 $908 - $7,738 -
1988 $807 - $7,492 -
1987 $770 - $6,474 -
1986 $698 - $5,578 -
1985 $772 - $4,747 -
1984 $650 - $4,785 -
1983 $637 - $4,950 -
1982 $634 - $5,502 -
1981 $658 - $5,305 -
1980 $729 - $5,812 -
1979 - - $5,627 -
1978 - - $4,629 -
1977 - - $3,832 -
1976 - - $3,343 -
1975 - - $3,109 -
1974 - - $2,789 -
1973 - - $2,468 -
1972 - - $1,873 -
1971 - - $1,629 -
1970 - - $1,474 -
1969 - - $1,306 -
1968 - - $1,138 -
1967 - - $1,053 -
1966 - - $984 -
1965 - - $887 -
1964 - - $773 -
1963 - - $686 -
1962 - - $608 -
1961 - - $583 -
1960 - - $513 -

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

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

Angola's GDP per capita is $2,666, ranking 144/197, compared to $24,626 in Greece, ranking 49/197. Adjusted for purchasing power (GDP per capita PPP), Angola ranks 133rd at $10,119, while Greece ranks 52nd at $44,327.

Economic indicators

Angola Greece
Gross domestic product
$101B
2024
$256B
2024
GDP rank
71/197
2024
53/197
2024
GDP growth
4.42%
2023-2024
2.09%
2023-2024
GDP per capita
$2,666
2024
$24,626
2024
GDP per capita rank
144/197
2024
49/197
2024
GDP per capita, PPP
$10,119
2024
$44,327
2024
GDP per capita PPP rank
133/197
2024
52/197
2024
Government debt
$60.5B
2024
$397B
2024
Debt-to-GDP ratio
59.9%
2024
154.8%
2024
Government debt per person
$1,597
2024
$38,119
2024
Government debt per person rank
127/185
2024
16/185
2024
Average annual personal income after taxes
$28,080
2026
$14,396
2026
Market capitalization of domestic companies n/a
$83.2B
2024
Number of billionaires n/a
16
2025
Income share by richest 10%
39.6%
2018
26%
2023
Income share by poorest 10%
1.3%
2018
2.7%
2023
Government expenditure, % of GDP
18.4%
2024
48%
2024
Consumer prices inflation
28.2%
2023-2024
2.74%
2023-2024
Central bank interest rate
18%
2023
n/a
Unemployment rate
14.1%
2022
10%
2024
Population
40555924
10181414

Spending and national debt comparison by year

Angola
Spending

Debt
Greece
Spending

Debt
1x
Year % of GDP
Angola Greece
Government spending Government debt Government spending Government debt
2024 18.4% 59.9% 48% 154.8%
2023 18.8% 72.4% 49.5% 165.2%
2022 19.5% 56.1% 52.8% 178.4%
2021 17.3% 74.3% 56.7% 197.8%
2020 20% 119.1% 59.3% 209.9%
2019 18.2% 101.4% 47.6% 183.7%
2018 18.3% 82.5% 48.6% 189.6%
2017 21% 60.5% 48.5% 182.6%
2016 19.4% 66.7% 50.3% 183.7%
2015 23.9% 50.4% 51.9% 180%
2014 32.3% 35.3% 51.5% 182.8%
2013 32.9% 29.5% 53% 180.5%
2012 33.2% 23.8% 54.9% 164.3%
2011 33.3% 26.3% 55.1% 175.1%
2010 34.6% 32.6% 53.1% 147.8%
2009 38.7% 48.4% 54.8% 128.5%
2008 47.2% 28.1% 51.5% 110.9%
2007 34.1% 18.8% 47.8% 104.6%
2006 27.3% 16.7% 45.9% 105.3%
2005 23.7% 29.9% 46.6% 109.9%
2004 26% 41.6% 48.8% 105.5%
2003 30.1% 50.8% 47.9% 104.3%
2002 27.6% 65.1% 47.1% 107.9%
2001 30.3% 100.2% 47.5% 110.5%
2000 35.8% 118.2% 48.2% 108.9%
1999 39.4% 104.8% 48% 102.8%
1998 26.1% 96.3% 46.7% 100.8%
1997 26.8% 73.5% 45.1% 102.6%
1996 25.2% 92% 46.1% 103.7%
1995 - - 46.6% 100.4%
1994 - - 36.9% 99.7%
1993 - - 38.6% 101.7%
1992 - - 36.9% 81.1%
1991 - - 35.2% 75.7%
1990 - - 38.5% 74.2%
1989 - - 34.8% 60.7%
1988 - - 33.8% 57.9%
1987 - - 34% 53.2%
1986 - - 33.8% 47.8%
1985 - - 34.2% 47.3%
1984 - - 32% 40.6%
1983 - - 30.2% 34.1%
1982 - - 28.7% 29.7%
1981 - - 28.1% 27.1%
1980 - - 24.5% 22.8%
1979 - - 24.1% 22.7%
1978 - - 30.1% 32.3%
1977 - - 30.1% 24.5%
1976 - - 29.1% 23.7%
1975 - - 28.7% 24.1%
1974 - - 25.3% 22.5%
1973 - - 24.3% 22%
1972 - - 26.8% 26.5%
1971 - - 25.8% 25%
1970 - - 25.2% 24.7%
1969 - - 29.7% 25.8%
1968 - - 26.3% 23%
1967 - - 24.6% 21.1%
1966 - - 22.8% 19%
1965 - - 21.7% 16.5%
1964 - - 20.4% 21.3%
1963 - - 19.5% 22.6%
1962 - - 19.7% 16.6%
1961 - - 19.3% 14.4%
1960 - - 20% 13.4%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

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

In 2024, Angola's government spending was $18.6B, accounting for 18.4% of its GDP, while Greece spent $123B, or 48% of GDP.

Debt-to-GDP ratio is 59.9% in Angola and 154.8% in Greece, ranking 78/185 and 7/185, respectively.

Government deficit by year

Deficit/surplus
Angola

Greece
1x
Year Deficit/surplus, % of GDP
Angola Greece
2024 -1.01% 1.34%
2023 -1.83% -1.35%
2022 0.58% -2.46%
2021 3.4% -7.58%
2020 -1.66% -10.3%
2019 0.69% -0.09%
2018 2.03% 0.78%
2017 -5.75% 1.05%
2016 -3.98% 0.28%
2015 -2.57% -3.03%
2014 -5.07% -4.29%
2013 -0.27% -4.06%
2012 3.68% -6.94%
2011 7.2% -10.5%
2010 2.98% -11.4%
2009 -6.8% -15.4%
2008 -3.8% -10.3%
2007 3.85% -6.81%
2006 8.42% -6.04%
2005 6.4% -6.33%
2004 1.03% -9.05%
2003 -4.1% -8.05%
2002 -2.24% -6.2%
2001 2.8% -5.64%
2000 2.02% -4.21%
1999 -8.1% -6.02%
1998 -5.1% -6.48%
1997 -0.23% -6.25%
1996 4.49% -8.35%
1995 - -9.87%
1994 - -8.48%
1993 - -11.5%
1992 - -10.6%
1991 - -9.63%
1990 - -13.3%
1989 - -11.9%
1988 - -9.63%
1987 - -8.09%
1986 - -8.62%
1985 - -9.56%
1984 - -7.19%
1983 - -6.17%
1982 - -5.49%
1981 - -7.08%
1980 - -2.5%
1979 - -2.34%
1978 - -5.39%
1977 - -5.21%
1976 - -5.05%
1975 - -5.3%
1974 - -4.39%
1973 - -3.71%
1972 - -4.16%
1971 - -3.32%
1970 - -3.24%
1969 - -6.65%
1968 - -3.39%
1967 - -2.59%
1966 - -2.17%
1965 - -2.55%
1964 - -2.89%
1963 - -2.25%
1962 - -2.4%
1961 - -2.69%
1960 - -3.3%
1959 - -2.77%
1958 - -2.27%
1957 - -2.45%
1956 - -0.39%
1955 - -3.57%
1954 - -2.87%
1953 - -3.01%
1952 - -7.21%
1951 - -11.5%
1950 - -12.7%
1949 - -10.4%
1948 - -7.65%
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - 0.48%
1938 - 1.78%
1937 - 1.06%
1936 - 0.95%
1935 - 0.72%
1934 - 0.88%
1933 - -2.79%
1932 - -1.78%
1931 - -4%
1930 - -2.23%
1929 - -18.7%
1928 - -0.27%
1927 - 2.65%
1926 - -
1925 - -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -8.96%
1912 - -7.43%
1911 - -4.61%
1910 - -1.53%
1909 - -2.64%
1908 - -1.54%
1907 - -1.23%
1906 - 0.66%
1905 - 0.91%
1904 - -0.04%
1903 - -0.22%
1902 - -1.67%
1901 - 0.1%
1900 - 0.41%
1899 - 0.86%
1898 - -34.5%
1897 - -8.46%
1896 - 0.82%
1895 - 0.37%
1894 - 2.91%
1893 - 0.14%
1892 - -2.28%
1891 - -6.48%
1890 - -11.2%
1889 - -15.7%
1888 - -3.59%
1887 - -4.88%
1886 - -11.5%
1885 - -12.1%
1884 - -7.16%
1883 - -2.42%
1882 - -1.69%
1881 - -14.5%
1880 - -13.5%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/angola/greece | 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 Greece's surplus of $3.43B, or 1.34% of GDP.

Over the past 29 years, Angola recorded a fiscal deficit in 15 of those years, while Greece ran a deficit in 25 years. On average, Angola posted an annual deficit equal to 0.1% of GDP, compared to deficit of 5.65% of GDP for Greece.

Inflation comparison by year

Inflation
Angola

Greece
1x
Year Consumer prices inflation
Angola Greece
2024 28.2% 2.74%
2023 13.6% 3.46%
2022 21.4% 9.65%
2021 25.8% 1.22%
2020 22.3% -1.25%
2019 17.1% 0.25%
2018 19.6% 0.63%
2017 29.8% 1.12%
2016 30.7% -0.83%
2015 9.2% -1.74%
2014 7.3% -1.31%
2013 8.8% -0.92%
2012 10.3% 1.5%
2011 13.5% 3.33%
2010 14.5% 4.71%
2009 13.7% 1.21%
2008 12.5% 4.15%
2007 12.2% 2.9%
2006 13.3% 3.2%
2005 23% 3.55%
2004 43.5% 2.9%
2003 98.2% 3.53%
2002 108.9% 3.63%
2001 152.6% 3.37%
2000 325% 3.15%
1999 248.2% 2.64%
1998 107.4% 4.77%
1997 221.5% 5.54%

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/greece | CC BY

Over the past 28 years, Angola has recorded an average annual inflation rate of 59%, compared with 2.4% in Greece. In 2024, inflation was 28.2% in Angola and 2.74% in Greece.

Top exports between countries

Angola
Export category Export value
Raw materials & minerals $100M
Raw agricultural goods $60K
Wood & paper products $44K
Metals $10K
Machinery & equipment $8K
Textiles & consumer goods $3K
Processed food, beverages & tobacco $2K
Greece
Export category Export value
Machinery & equipment $1.18M
Chemicals & pharma $718K
Metals $649K
Raw materials & minerals $309K
Miscellaneous $127K
Processed food, beverages & tobacco $73K
Textiles & consumer goods $58K
Animal & marine products $24K
Wood & paper products $7K

Balance of trade

Angola Greece
Current account balance
$6.31B
2024
-$18.2B
2024
Current account balance ranking
30/190
2024
182/190
2024
Current account balance, % of GDP
+6.25%
2024
-7.11%
2024
Goods imports
$14.2B
2024
$91.2B
2024
Goods exports
$36.8B
2024
$52.6B
2024
Service imports
$8.49B
2024
$31.1B
2024
Service exports
$129M
2024
$55.8B
2024
Imports of goods and services, % of GDP
19.4%
2024
47.7%
2024
Exports of goods and services, % of GDP
31.5%
2024
42.1%
2024

Economic freedom indices

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

Angola Greece
Economic freedom 54.4 63.2
Economic freedom ranking 133/197 82/197
Property rights 36.9 78
Government integrity 28.3 54.8
Judicial effectiveness 26.3 68
Tax burden 86.9 59.9
Government spending 89.3 24.7
Fiscal health 91.9 78.9
Business freedom 42.8 77.8
Labor freedom 50.8 59.7
Monetary freedom 59 72.6
Trade freedom 70.4 79.4
Investment freedom 30 55
Financial freedom 40 50

Economic freedom comparison by year

Angola
Greece
1x
Year Economic freedom index
Angola Greece
2026 54.4 63.2
2025 55 60.6
2024 54.3 55.1
2023 53 56.9
2022 52.6 61.5
2021 54.2 60.9
2020 52.2 59.9
2019 50.6 57.7
2018 48.6 57.3
2017 48.5 55
2016 48.9 53.2
2015 47.9 54
2014 47.7 55.7
2013 47.3 55.4
2012 46.7 55.4
2011 46.2 60.3
2010 48.4 62.7
2009 47 60.8
2008 46.9 60.6
2007 44.7 58.7
2006 43.5 60.1
2005 - 59
2004 - 59.1
2003 - 58.8
2002 - 59.1
2001 - 63.4
2000 24.3 61
1999 23.7 61
1998 24.9 60.6
1997 24.2 59.6
1996 24.4 60.5
1995 27.4 61.2

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

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

The Economic Freedom Index for Angola is 54.4, ranking 133/197, compared to 63.2 for Greece, ranking 82/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Angola Greece
Services, % of GDP
41.1%
2024
68%
2024
Industry, % of GDP
34.6%
2024
15%
2024
Agriculture, forestry, and fishing, % of GDP
22.1%
2024
3.77%
2024
GNI, Atlas method
$108B
2024
$236B
2024
GNI per capita, PPP
$9,460
2024
$43,340
2024
Total reserves including gold
$14.2B
2024
$15.2B
2024
Total reserves ranking
69/177
2024
67/177
2024
Net foreign direct investment
$1.14B
2024
-$4.52B
2024
Net inflows of foreign direct investment
-$1.11B
2024
$6.74B
2024
Net outflows of foreign direct investment
$33.1M
2024
$2.22B
2024
Servicing debt to the IMF, % of GNI
11.5%
2024
n/a
Poverty at national poverty lines
36.6%
2020
18.8%
2021
Gross capital formation, % of GDP
10.4%
2024
18.3%
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/greece | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1999, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2021–2024, retrieved 2026-02-08)
  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)

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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.