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Economy of Angola vs Guatemala compared: GDP & Debt

Updated on by Georank

Angola has a GDP of $122B compared to $123B for Guatemala, ranking 68/197 and 67/197 by economy size, respectively.

Angola has $62.7B in government debt (51.3% of GDP), compared to $33.5B (27.2% of GDP) in Guatemala.

Angola vs Guatemala GDP by year

Angola
Guatemala
1x
Year GDP, current $
Angola Guatemala
2025 $122,174,889,424 $123,306,008,821
2024 $103,080,538,044 $113,215,575,151
2023 $106,042,349,567 $104,298,081,429
2022 $128,233,959,333 $95,609,727,056
2021 $78,283,923,544 $86,455,522,273
2020 $58,512,033,806 $77,719,468,248
2019 $81,193,813,808 $77,172,331,693
2018 $90,506,061,877 $73,328,356,008
2017 $85,629,598,654 $71,653,780,740
2016 $60,770,049,747 $66,053,408,206
2015 $102,543,067,841 $62,186,066,548
2014 $153,449,860,496 $57,852,159,008
2013 $148,845,200,696 $52,996,420,177
2012 $143,572,907,528 $49,593,929,487
2011 $125,551,634,705 $46,876,006,272
2010 $95,546,919,754 $40,676,578,423
2009 $81,705,175,409 $37,126,148,265
2008 $98,790,432,989 $38,503,720,224
2007 $73,037,821,926 $33,567,850,824
2006 $58,653,659,980 $29,744,246,827
2005 $41,396,636,384 $26,783,389,294
2004 $26,997,977,896 $23,577,298,095
2003 $20,342,128,112 $21,576,351,799
2002 $17,311,512,433 $20,444,205,991
2001 $8,936,079,118 $18,405,220,247
2000 $9,129,594,970 $19,288,929,030
1999 $6,152,923,310 $18,318,412,251
1998 $6,506,221,616 $19,395,491,993
1997 $7,648,380,196 $17,790,026,222
1996 $7,526,421,519 $15,674,835,615
1995 $5,538,749,260 $14,655,404,433
1994 $4,438,321,017 $12,983,233,311
1993 $5,768,720,422 $11,400,017,301
1992 $8,307,810,974 $10,440,781,588
1991 $10,603,784,541 $9,406,135,143
1990 $11,229,515,599 $7,650,196,845
1989 $10,201,780,977 $8,410,724,361
1988 $8,769,836,769 $7,841,602,824
1987 $8,084,412,414 $7,084,399,840
1986 $7,072,536,109 $7,231,963,516
1985 $7,554,065,410 $9,721,652,087
1984 $6,131,475,065 $9,470,000,100
1983 $5,784,341,596 $9,050,000,400
1982 $5,550,483,036 $8,716,999,700
1981 $5,550,483,036 $8,607,500,300
1980 $5,930,503,401 $7,878,700,000
1979 - $6,902,600,200
1978 - $6,070,600,200
1977 - $5,480,500,200
1976 - $4,365,300,200
1975 - $3,645,900,000
1974 - $3,161,499,900
1973 - $2,569,200,100
1972 - $2,101,300,000
1971 - $1,984,800,000
1970 - $1,904,000,000
1969 - $1,715,399,900
1968 - $1,610,500,000
1967 - $1,453,500,000
1966 - $1,390,700,000
1965 - $1,331,399,900
1964 - $1,299,099,900
1963 - $1,262,800,000
1962 - $1,143,600,000
1961 - $1,076,699,900
1960 - $1,043,599,900

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

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

GDP per capita in Angola vs Guatemala by year

Angola
GDP per capita

GDP per capita, PPP
Guatemala
GDP per capita

GDP per capita, PPP
1x
Year Current $
Angola Guatemala
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $3,129 - $6,598 -
2024 $2,721 $10,119 $6,151 $14,369
2023 $2,886 $9,754 $5,754 $13,745
2022 $3,599 $9,588 $5,357 $13,014
2021 $2,267 $8,862 $4,913 $11,825
2020 $1,749 $7,827 $4,478 $10,947
2019 $2,508 $8,573 $4,512 $10,756
2018 $2,892 $8,278 $4,353 $9,947
2017 $2,832 $8,007 $4,325 $9,560
2016 $2,082 $7,767 $4,060 $9,201
2015 $3,642 $8,067 $3,894 $8,934
2014 $5,650 $9,018 $3,689 $8,237
2013 $5,689 $8,504 $3,444 $7,700
2012 $5,702 $8,246 $3,287 $7,258
2011 $5,184 $7,538 $3,169 $6,784
2010 $4,102 $7,412 $2,805 $6,510
2009 $3,645 $7,228 $2,612 $6,377
2008 $4,578 $7,316 $2,763 $6,435
2007 $3,515 $6,728 $2,459 $6,238
2006 $2,930 $6,018 $2,225 $5,833
2005 $2,146 $5,416 $2,046 $5,486
2004 $1,451 $4,771 $1,841 $5,263
2003 $1,134 $4,322 $1,723 $5,081
2002 $999 $4,241 $1,669 $4,969
2001 $534 $3,802 $1,538 $4,822
2000 $564 $3,690 $1,649 $4,715
1999 $393 $3,619 $1,604 $4,557
1998 $429 $3,609 $1,741 $4,437
1997 $522 $3,525 $1,638 $4,287
1996 $531 $3,342 $1,481 $4,143
1995 $404 $2,990 $1,421 $4,055
1994 $335 $2,633 $1,293 $3,886
1993 $450 $2,628 $1,166 $3,756
1992 $669 $3,486 $1,096 $3,626
1991 $882 $3,740 $1,014 $3,473
1990 $966 $3,705 $848 $3,330
1989 $908 - $958 -
1988 $807 - $919 -
1987 $770 - $854 -
1986 $698 - $896 -
1985 $772 - $1,238 -
1984 $650 - $1,241 -
1983 $637 - $1,220 -
1982 $634 - $1,204 -
1981 $658 - $1,216 -
1980 $729 - $1,142 -
1979 - - $1,026 -
1978 - - $925 -
1977 - - $856 -
1976 - - $697 -
1975 - - $595 -
1974 - - $529 -
1973 - - $441 -
1972 - - $370 -
1971 - - $358 -
1970 - - $353 -
1969 - - $326 -
1968 - - $315 -
1967 - - $291.9 -
1966 - - $287.3 -
1965 - - $283 -
1964 - - $284.2 -
1963 - - $284.4 -
1962 - - $265.2 -
1961 - - $257.2 -
1960 - - $256.8 -

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

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

Angola's GDP per capita is $3,129, ranking 142/197, compared to $6,598 in Guatemala, ranking 108/197. Adjusted for purchasing power (GDP per capita PPP), Angola ranks 133rd at $10,119, while Guatemala ranks 116th at $14,369.

Economic indicators

Angola Guatemala
Gross domestic product
$122B
2025
$123B
2025
GDP rank
68/197
2025
67/197
2025
GDP growth
3.13%
2024-2025
4.28%
2024-2025
GDP per capita
$3,129
2025
$6,598
2025
GDP per capita rank
142/197
2025
108/197
2025
GDP per capita, PPP
$10,119
2024
$14,369
2024
GDP per capita PPP rank
133/197
2024
116/197
2024
Government debt
$62.7B
2025
$33.5B
2025
Debt-to-GDP ratio
51.3%
2025
27.2%
2025
Government debt per person
$1,606
2025
$1,793
2025
Government debt per person rank
127/185
2025
122/185
2025
Average annual personal income after taxes
$2,550
2026
$4,432
2026
Income share by richest 10%
39.6%
2018
34.1%
2023
Income share by poorest 10%
1.3%
2018
1.6%
2023
Government expenditure, % of GDP
18.9%
2025
14.7%
2025
Consumer prices inflation
20.2%
2024-2025
1.49%
2024-2025
Central bank interest rate
17.5%
2026
4%
2025
Unemployment rate
10.4%
2025
1.9%
2024
Population
40839390
19115361

Spending and national debt comparison by year

Angola
Spending

Debt
Guatemala
Spending

Debt
1x
Year % of GDP
Angola Guatemala
Government spending Government debt Government spending Government debt
2025 18.9% 51.3% 14.7% 27.2%
2024 19% 57.1% 13.4% 26.3%
2023 23.3% 75.7% 13.7% 27.2%
2022 24.8% 57.4% 14.3% 29%
2021 22.8% 75.5% 13.5% 30.6%
2020 24.4% 119.8% 15.6% 31.5%
2019 20.9% 100.8% 13.4% 26.4%
2018 17.8% 81.6% 13.2% 26.4%
2017 20.7% 59.6% 12.8% 25.1%
2016 19.1% 65.7% 12.6% 24.9%
2015 23.9% 50.4% 12.6% 24.8%
2014 32.3% 35.3% 13.6% 24.7%
2013 32.9% 29.5% 14% 25%
2012 33.2% 23.8% 14.2% 24.6%
2011 33.3% 26.3% 14.5% 23.8%
2010 34.6% 32.6% 14.5% 24%
2009 38.7% 48.4% 14.1% 22.8%
2008 47.2% 28.1% 13.3% 19.6%
2007 34.1% 18.8% 13.9% 20.8%
2006 27.3% 16.7% 14.2% 20.9%
2005 23.7% 29.9% 13.2% 20%
2004 26% 41.6% 12.9% 20.6%
2003 30.1% 50.8% 14.4% 19.8%
2002 27.6% 65.1% 13.1% 17.4%
2001 30.3% 100.2% 13.8% 19.1%
2000 35.8% 118.2% 13.6% 18%
1999 45.7% 104.8% 14.6% 22%
1998 30.3% 96.3% 13.2% 19%
1997 31.1% 73.5% 11.2% 18.5%
1996 29.3% 92% 9.85% 19.2%
1995 - - 9.77% 21%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1995–1999, retrieved 2026-07-08).

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

In 2025, Angola's government spending was $23B, accounting for 18.9% of its GDP, while Guatemala spent $18.2B, or 14.7% of GDP.

Debt-to-GDP ratio is 51.3% in Angola and 27.2% in Guatemala, ranking 103/185 and 163/185, respectively.

Government deficit by year

Deficit/surplus
Angola

Guatemala
1x
Year Deficit/surplus, % of GDP
Angola Guatemala
2025 -4.07% -1.91%
2024 -1.19% -0.96%
2023 -2.49% -1.25%
2022 1.78% -1.7%
2021 1.35% -1.16%
2020 -3.05% -4.91%
2019 -0.2% -2.24%
2018 2% -1.88%
2017 -5.68% -1.38%
2016 -3.93% -1.11%
2015 -2.58% -1.47%
2014 -5.08% -1.92%
2013 -0.28% -2.16%
2012 3.67% -2.42%
2011 7.17% -2.8%
2010 2.96% -3.28%
2009 -6.83% -3.12%
2008 -3.82% -1.57%
2007 3.81% -1.4%
2006 8.42% -1.88%
2005 6.4% -1.67%
2004 1.03% -1.05%
2003 -4.1% -2.47%
2002 -2.24% -1.03%
2001 2.8% -2%
2000 2.02% -1.88%
1999 -9.4% -2.96%
1998 -5.92% -2.29%
1997 -0.27% -0.79%
1996 5.22% 0.04%
1995 - -0.53%

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

GeoRank.org/economy/angola/guatemala | 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 Guatemala's deficit of $2.36B, or 1.91% of GDP.

Over the past 30 years, Angola recorded a fiscal deficit in 17 of those years, while Guatemala ran a deficit in 29 years. On average, Angola posted an annual deficit equal to 0.42% of GDP, compared to deficit of 1.89% of GDP for Guatemala.

Inflation comparison by year

Inflation
Angola

Guatemala
1x
Year Consumer prices inflation
Angola Guatemala
2025 20.2% 1.49%
2024 28.2% 2.87%
2023 13.6% 6.21%
2022 21.4% 6.89%
2021 25.8% 4.26%
2020 22.3% 3.21%
2019 17.1% 3.7%
2018 19.6% 3.75%
2017 29.8% 4.42%
2016 30.7% 4.45%
2015 9.2% 2.39%
2014 7.3% 3.42%
2013 8.8% 4.34%
2012 10.3% 3.78%
2011 13.5% 6.21%
2010 14.5% 3.86%
2009 13.7% 1.86%
2008 12.5% 11.4%
2007 12.2% 6.82%
2006 13.3% 6.56%
2005 23% 9.11%
2004 43.5% 7.58%
2003 98.2% 5.6%
2002 108.9% 8.13%
2001 152.6% 7.29%
2000 325% 5.98%
1999 248.2% 5.21%
1998 107.4% 6.61%
1997 221.5% 9.23%

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/guatemala | CC BY

Over the past 29 years, Angola has recorded an average annual inflation rate of 57.7%, compared with 5.4% in Guatemala. In 2025, inflation was 20.2% in Angola and 1.49% in Guatemala.

Top exports between countries

Angola
Export category Export value
Guatemala
Export category Export value
Processed food, beverages & tobacco $215K
Machinery & equipment $49K
Chemicals & pharma $45K
Textiles & consumer goods $11K
Raw agricultural goods $1K

Balance of trade

Angola Guatemala
Current account balance
$536M
2025
$3.27B
2024
Current account balance ranking
57/190
2025
36/190
2024
Current account balance, % of GDP
+0.44%
2025
+2.89%
2024
Goods imports
$15.5B
2025
$29.1B
2024
Goods exports
$30.6B
2025
$13.3B
2024
Service imports
$8.51B
2025
$6.45B
2024
Service exports
$118M
2025
$4.65B
2024
Imports of goods and services, % of GDP
11.7%
2025
31%
2025
Exports of goods and services, % of GDP
23%
2025
15.6%
2025

Economic freedom indices

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

Angola Guatemala
Economic freedom 54.4 63.5
Economic freedom ranking 133/197 79/197
Property rights 36.9 39.1
Government integrity 28.3 25.2
Judicial effectiveness 26.3 26.1
Tax burden 86.9 91.3
Government spending 89.3 94.3
Fiscal health 91.9 95.9
Business freedom 42.8 65.7
Labor freedom 50.8 52.5
Monetary freedom 59 77.3
Trade freedom 70.4 74.6
Investment freedom 30 70
Financial freedom 40 50

Economic freedom comparison by year

Angola
Guatemala
1x
Year Economic freedom index
Angola Guatemala
2026 54.4 63.5
2025 55 63.4
2024 54.3 62.4
2023 53 62.7
2022 52.6 63.2
2021 54.2 64
2020 52.2 64
2019 50.6 62.6
2018 48.6 63.4
2017 48.5 63
2016 48.9 61.8
2015 47.9 60.4
2014 47.7 61.2
2013 47.3 60
2012 46.7 60.9
2011 46.2 61.9
2010 48.4 61
2009 47 59.4
2008 46.9 59.8
2007 44.7 60.5
2006 43.5 59.1
2005 - 59.5
2004 - 59.6
2003 - 62.3
2002 - 62.3
2001 - 65.1
2000 24.3 64.3
1999 23.7 66.2
1998 24.9 65.8
1997 24.2 65.7
1996 24.4 63.7
1995 27.4 62

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

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

The Economic Freedom Index for Angola is 54.4, ranking 133/197, compared to 63.5 for Guatemala, ranking 79/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Angola Guatemala
Services, % of GDP
46.8%
2025
62.1%
2025
Industry, % of GDP
27.1%
2025
21.8%
2025
Agriculture, forestry, and fishing, % of GDP
25.2%
2025
9.55%
2025
GNI, Atlas method
$112B
2025
$119B
2025
GNI per capita, PPP
$9,840
2025
$15,020
2025
Total reserves including gold
$13.5B
2025
$32.8B
2025
Total reserves ranking
75/177
2025
57/177
2025
Net foreign direct investment
-$1.02B
2025
-$983M
2024
Net inflows of foreign direct investment
-$1.11B
2024
$1.85B
2024
Net outflows of foreign direct investment
$33.1M
2024
$865M
2024
Servicing debt to the IMF, % of GNI
11.3%
2024
1.75%
2024
Poverty at national poverty lines
36.6%
2020
56%
2023
Gross capital formation, % of GDP
10.6%
2024
16.8%
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/guatemala | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1995–1999, retrieved 2026-07-08)
  6. TradeMap (2020–2025, 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.