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Economy of Angola vs Grenada compared: GDP & Debt

Updated on by Georank

Angola has a GDP of $122B compared to $1.42B for Grenada, ranking 68/197 and 184/197 by economy size, respectively.

Angola has $62.7B in government debt (51.3% of GDP), compared to $1.02B (71.6% of GDP) in Grenada.

Angola vs Grenada GDP by year

Angola
Grenada
1x
Year GDP, current $
Angola Grenada
2025 $122,174,889,424 $1,420,173,229
2024 $103,080,538,044 $1,351,270,370
2023 $106,042,349,567 $1,336,418,519
2022 $128,233,959,333 $1,224,007,407
2021 $78,283,923,544 $1,122,222,222
2020 $58,512,033,806 $1,043,411,111
2019 $81,193,813,808 $1,213,485,185
2018 $90,506,061,877 $1,166,514,815
2017 $85,629,598,654 $1,125,685,185
2016 $60,770,049,747 $1,061,640,741
2015 $102,543,067,841 $997,007,407
2014 $153,449,860,496 $911,496,296
2013 $148,845,200,696 $842,618,519
2012 $143,572,907,528 $799,881,481
2011 $125,551,634,705 $778,655,556
2010 $95,546,919,754 $771,014,815
2009 $81,705,175,409 $771,275,556
2008 $98,790,432,989 $825,976,037
2007 $73,037,821,926 $758,683,593
2006 $58,653,659,980 $698,700,667
2005 $41,396,636,384 $695,555,556
2004 $26,997,977,896 $599,118,593
2003 $20,342,128,112 $591,018,407
2002 $17,311,512,433 $540,336,926
2001 $8,936,079,118 $520,444,185
2000 $9,129,594,970 $520,044,370
1999 $6,152,923,310 $482,009,370
1998 $6,506,221,616 $445,903,593
1997 $7,648,380,196 $392,190,593
1996 $7,526,421,519 $366,911,444
1995 $5,538,749,260 $342,172,519
1994 $4,438,321,017 $325,111,815
1993 $5,768,720,422 $309,812,185
1992 $8,307,810,974 $310,160,444
1991 $10,603,784,541 $300,757,889
1990 $11,229,515,599 $278,098,763
1989 $10,201,780,977 $267,327,642
1988 $8,769,836,769 $236,357,524
1987 $8,084,412,414 $215,009,570
1986 $7,072,536,109 $187,589,523
1985 $7,554,065,410 $167,728,455
1984 $6,131,475,065 $145,533,311
1983 $5,784,341,596 $131,803,552
1982 $5,550,483,036 $125,435,590
1981 $5,550,483,036 $115,651,919
1980 $5,930,503,401 $110,900,457
1979 - $102,244,362
1978 - $88,322,386
1977 - $71,494,495

Data sources: World Bank | Economy & Growth (1977–2025, retrieved 2026-07-08).

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

GDP per capita in Angola vs Grenada by year

Angola
GDP per capita

GDP per capita, PPP
Grenada
GDP per capita

GDP per capita, PPP
1x
Year Current $
Angola Grenada
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $3,129 - $12,107 -
2024 $2,721 $10,119 $11,529 $20,178
2023 $2,886 $9,754 $11,414 $18,971
2022 $3,599 $9,588 $10,469 $17,544
2021 $2,267 $8,862 $9,617 $15,290
2020 $1,749 $7,827 $8,969 $14,361
2019 $2,508 $8,573 $10,463 $16,446
2018 $2,892 $8,278 $10,083 $15,975
2017 $2,832 $8,007 $9,751 $15,041
2016 $2,082 $7,767 $9,221 $13,978
2015 $3,642 $8,067 $8,694 $13,214
2014 $5,650 $9,018 $7,986 $12,229
2013 $5,689 $8,504 $7,425 $11,199
2012 $5,702 $8,246 $7,093 $10,575
2011 $5,184 $7,538 $6,947 $10,592
2010 $4,102 $7,412 $6,910 $10,344
2009 $3,645 $7,228 $6,933 $10,303
2008 $4,578 $7,316 $7,448 $11,001
2007 $3,515 $6,728 $6,865 $10,728
2006 $2,930 $6,018 $6,344 $9,877
2005 $2,146 $5,416 $6,339 $10,016
2004 $1,451 $4,771 $5,480 $8,606
2003 $1,134 $4,322 $5,428 $8,469
2002 $999 $4,241 $4,984 $7,621
2001 $534 $3,802 $4,820 $7,283
2000 $564 $3,690 $4,840 $7,306
1999 $393 $3,619 $4,516 $6,857
1998 $429 $3,609 $4,206 $6,368
1997 $522 $3,525 $3,725 $5,673
1996 $531 $3,342 $3,508 $5,347
1995 $404 $2,990 $3,294 $5,062
1994 $335 $2,633 $3,152 $4,889
1993 $450 $2,628 $3,026 $4,742
1992 $669 $3,486 $3,053 $4,761
1991 $882 $3,740 $2,984 $4,733
1990 $966 $3,705 $2,782 $4,553
1989 $908 - $2,697 -
1988 $807 - $2,404 -
1987 $770 - $2,205 -
1986 $698 - $1,938 -
1985 $772 - $1,745 -
1984 $650 - $1,524 -
1983 $637 - $1,388 -
1982 $634 - $1,329 -
1981 $658 - $1,230 -
1980 $729 - $1,173 -
1979 - - $1,071 -
1978 - - $917 -
1977 - - $737 -

Data sources: World Bank | Economy & Growth (1977–2025, retrieved 2026-07-08).

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

Angola's GDP per capita is $3,129, ranking 142/197, compared to $12,107 in Grenada, ranking 82/197. Adjusted for purchasing power (GDP per capita PPP), Angola ranks 133rd at $10,119, while Grenada ranks 96th at $20,178.

Economic indicators

Angola Grenada
Gross domestic product
$122B
2025
$1.42B
2025
GDP rank
68/197
2025
184/197
2025
GDP growth
3.13%
2024-2025
4.41%
2024-2025
GDP per capita
$3,129
2025
$12,107
2025
GDP per capita rank
142/197
2025
82/197
2025
GDP per capita, PPP
$10,119
2024
$20,178
2024
GDP per capita PPP rank
133/197
2024
96/197
2024
Government debt
$62.7B
2025
$1.02B
2025
Debt-to-GDP ratio
51.3%
2025
71.6%
2025
Government debt per person
$1,606
2025
$8,671
2025
Government debt per person rank
127/185
2025
65/185
2025
Average annual personal income after taxes
$2,550
2026
$11,184
2026
Income share by richest 10%
39.6%
2018
33.7%
2018
Income share by poorest 10%
1.3%
2018
2.1%
2018
Government expenditure, % of GDP
18.9%
2025
39.1%
2025
Consumer prices inflation
20.2%
2024-2025
0.61%
2024-2025
Central bank interest rate
17.5%
2026
n/a
Unemployment rate
10.4%
2025
6.34%
2023
Population
40839390
117405

Spending and national debt comparison by year

Angola
Spending

Debt
Grenada
Spending

Debt
1x
Year % of GDP
Angola Grenada
Government spending Government debt Government spending Government debt
2025 18.9% 51.3% 39.1% 71.6%
2024 19% 57.1% 38.3% 75.1%
2023 23.3% 75.7% 28.7% 74.5%
2022 24.8% 57.4% 32% 79.3%
2021 22.8% 75.5% 31.3% 86.6%
2020 24.4% 119.8% 32.7% 89.5%
2019 20.9% 100.8% 21.6% 62.7%
2018 17.8% 81.6% 22.1% 68.5%
2017 20.7% 59.6% 22.6% 70.3%
2016 19.1% 65.7% 23.5% 81.6%
2015 23.9% 50.4% 25.3% 90.1%
2014 32.3% 35.3% 28.7% 99.3%
2013 32.9% 29.5% 28.1% 105.4%
2012 33.2% 23.8% 26.2% 101.5%
2011 33.3% 26.3% 28.3% 102.8%
2010 34.6% 32.6% 28% 96.2%
2009 38.7% 48.4% 27.2% 91.1%
2008 47.2% 28.1% 27.9% 83.9%
2007 34.1% 18.8% 27.7% 89.1%
2006 27.3% 16.7% 32.4% 92.9%
2005 23.7% 29.9% 26.6% 87.3%
2004 26% 41.6% 24.7% 94.7%
2003 30.1% 50.8% 28.7% 79.6%
2002 27.6% 65.1% 35.7% 79.1%
2001 30.3% 100.2% 29.6% 44.6%
2000 35.8% 118.2% 25.6% 41.6%
1999 45.7% 104.8% 23.7% 34.5%
1998 30.3% 96.3% 25.3% 40.3%
1997 31.1% 73.5% 26.6% 41.4%
1996 29.3% 92% 26.3% 43.9%
1995 - - 23.2% 43.1%
1994 - - 24.7% 45.7%
1993 - - 23.1% 45.3%
1992 - - 21.8% 40.1%
1991 - - 26.8% 42%
1990 - - 29% 46.2%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1990–1999, retrieved 2026-07-08).

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

In 2025, Angola's government spending was $23B, accounting for 18.9% of its GDP, while Grenada spent $556M, or 39.1% of GDP.

Debt-to-GDP ratio is 51.3% in Angola and 71.6% in Grenada, ranking 103/185 and 54/185, respectively.

Government deficit by year

Deficit/surplus
Angola

Grenada
1x
Year Deficit/surplus, % of GDP
Angola Grenada
2025 -4.07% -5.01%
2024 -1.19% 6.88%
2023 -2.49% 7.94%
2022 1.78% 0.93%
2021 1.35% 0.33%
2020 -3.05% -4.55%
2019 -0.2% 4.96%
2018 2% 4.92%
2017 -5.68% 3.02%
2016 -3.93% 2.69%
2015 -2.58% -0.8%
2014 -5.08% -4.2%
2013 -0.28% -7.25%
2012 3.67% -5.44%
2011 7.17% -4.86%
2010 2.96% -4.07%
2009 -6.83% -4.4%
2008 -3.82% -3.72%
2007 3.81% -5.91%
2006 8.42% -5.23%
2005 6.4% 0.9%
2004 1.03% -0.57%
2003 -4.1% -2.81%
2002 -2.24% -13.9%
2001 2.8% -6.05%
2000 2.02% -2.07%
1999 -9.4% -1.7%
1998 -5.92% -2.39%
1997 -0.27% -4.94%
1996 5.22% -3.02%
1995 - -0.46%
1994 - -2.85%
1993 - -0.16%
1992 - -1.46%
1991 - -4.34%
1990 - -7.78%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/angola/grenada | 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 Grenada's deficit of $71.1M, or 5.01% of GDP.

Over the past 30 years, Angola recorded a fiscal deficit in 17 of those years, while Grenada ran a deficit in 21 years. On average, Angola posted an annual deficit equal to 0.42% of GDP, compared to deficit of 2.01% of GDP for Grenada.

Inflation comparison by year

Inflation
Angola

Grenada
1x
Year Consumer prices inflation
Angola Grenada
2025 20.2% 0.61%
2024 28.2% 1.09%
2023 13.6% 2.7%
2022 21.4% 2.58%
2021 25.8% 1.22%
2020 22.3% -0.74%
2019 17.1% 0.6%
2018 19.6% 0.8%
2017 29.8% 0.91%
2016 30.7% 1.65%
2015 9.2% -0.52%
2014 7.3% -0.98%
2013 8.8% -0.04%
2012 10.3% 2.41%
2011 13.5% 3.03%
2010 14.5% 3.44%
2009 13.7% -0.31%
2008 12.5% 8.03%
2007 12.2% 3.86%
2006 13.3% 4.25%
2005 23% 3.48%
2004 43.5% 2.31%
2003 98.2% 2.15%
2002 108.9% 1.07%
2001 152.6% 3.14%
2000 325% 2.18%
1999 248.2% 0.58%
1998 107.4% 1.38%
1997 221.5% 1.24%

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/grenada | CC BY

Over the past 29 years, Angola has recorded an average annual inflation rate of 57.7%, compared with 1.8% in Grenada. In 2025, inflation was 20.2% in Angola and 0.61% in Grenada.

Balance of trade

Angola Grenada
Current account balance
$536M
2025
-$328M
2025
Current account balance ranking
57/190
2025
97/190
2025
Current account balance, % of GDP
+0.44%
2025
-23.1%
2025
Goods imports
$15.5B
2025
$612M
2025
Goods exports
$30.6B
2025
$67.4M
2025
Service imports
$8.51B
2025
$397M
2025
Service exports
$118M
2025
$756M
2025
Imports of goods and services, % of GDP
11.7%
2025
n/a
Exports of goods and services, % of GDP
23%
2025
16%
2026

Economic freedom indices

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

Angola Grenada
Economic freedom 54.4 63
Economic freedom ranking 133/197 84/197
Property rights 36.9 n/a
Government integrity 28.3 n/a
Judicial effectiveness 26.3 n/a
Tax burden 86.9 n/a
Government spending 89.3 n/a
Fiscal health 91.9 n/a
Business freedom 42.8 n/a
Labor freedom 50.8 n/a
Monetary freedom 59 n/a
Trade freedom 70.4 n/a
Investment freedom 30 n/a
Financial freedom 40 n/a

Other economic metrics

Angola Grenada
Services, % of GDP
46.8%
2025
64.9%
2025
Industry, % of GDP
27.1%
2025
15.5%
2025
Agriculture, forestry, and fishing, % of GDP
25.2%
2025
2.54%
2025
GNI, Atlas method
$112B
2025
$1.37B
2025
GNI per capita, PPP
$9,840
2025
$20,170
2025
Total reserves including gold
$13.5B
2025
$408M
2025
Total reserves ranking
75/177
2025
164/177
2025
Net foreign direct investment
-$1.02B
2025
-$174M
2025
Net inflows of foreign direct investment
-$1.11B
2024
$164M
2024
Net outflows of foreign direct investment
$33.1M
2024
-$4.02M
2024
Servicing debt to the IMF, % of GNI
11.3%
2024
3.4%
2024
Poverty at national poverty lines
36.6%
2020
38%
2020
Gross capital formation, % of GDP
10.6%
2024
n/a

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/grenada | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1977–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-07-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1990–1999, retrieved 2026-07-08)
  6. Central Intelligence Agency (CIA) (2020, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, 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.