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Economy of Angola vs Guyana compared: GDP & Debt

Updated on by Georank team

Angola has a GDP of $80.4B compared to $24.8B for Guyana, ranking 81/197 and 119/197 by economy size, respectively.

Angola has $50.2B in government debt (64.5% of GDP), compared to $6.03B (27.7% of GDP) in Guyana.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Angola
GDP, current $

GDP, constant 2015 $
Guyana
GDP, current $

GDP, constant 2015 $
Year GDP
Angola Guyana
Current $ Constant $ Current $ Constant $
1960 - - $170,216,241 $1,555,849,244
1961 - - $185,849,535 $1,628,811,172
1962 - - $194,949,513 $1,646,808,327
1963 - - $175,757,894 $1,444,602,377
1964 - - $194,774,513 $1,608,713,286
1965 - - $213,235,294 $1,778,288,056
1966 - - $228,705,882 $1,871,350,740
1967 - - $250,176,471 $1,952,073,734
1968 - - $229,750,000 $1,972,079,124
1969 - - $249,300,000 $2,110,013,963
1970 - - $267,800,000 $2,199,804,697
1971 - - $282,050,000 $2,268,281,337
1972 - - $285,380,952 $2,193,027,226
1973 - - $307,047,619 $2,220,324,260
1974 - - $433,954,545 $2,391,352,284
1975 - - $494,791,667 $2,594,211,213
1976 - - $454,440,000 $2,634,081,990
1977 - - $449,880,000 $2,564,577,004
1978 - - $507,080,000 $2,518,255,902
1979 - - $530,440,000 $2,472,028,373
1980 $5,930,503,401 $23,063,262,074 $603,200,000 $2,514,890,619
1981 $5,550,483,036 $22,048,478,262 $570,357,107 $2,552,517,555
1982 $5,550,483,036 $22,048,478,262 $482,000,000 $2,215,837,057
1983 $5,784,341,596 $22,974,514,664 $489,333,333 $2,065,328,835
1984 $6,131,475,065 $24,352,986,041 $437,631,605 $1,961,468,862
1985 $7,554,065,410 $25,205,340,428 $453,488,372 $2,008,537,592
1986 $7,072,536,109 $25,936,295,740 $504,651,140 $1,990,448,658
1987 $8,084,412,414 $26,995,209,500 $354,591,847 $2,008,350,685
1988 $8,769,836,769 $28,649,716,325 $413,799,990 $1,934,171,588
1989 $10,201,780,977 $28,661,640,755 $379,779,390 $1,839,074,818
1990 $11,229,515,599 $27,672,785,865 $396,582,263 $1,782,661,480
1991 $10,603,784,541 $27,947,122,601 $348,533,095 $1,890,652,727
1992 $8,307,810,974 $26,315,491,127 $373,573,141 $2,037,327,406
1993 $5,768,720,422 $20,004,137,038 $454,101,382 $2,203,881,071
1994 $4,438,321,017 $20,272,065,135 $540,874,934 $2,391,925,530
1995 $5,538,749,260 $23,312,874,912 $621,626,786 $2,512,273,985
1996 $7,526,421,519 $26,470,456,890 $705,406,001 $2,712,138,382
1997 $7,648,380,196 $28,395,991,341 $749,138,010 $2,879,766,586
1998 $6,506,221,616 $29,728,088,881 $717,530,683 $2,831,412,296
1999 $6,152,923,310 $30,376,604,084 $694,754,988 $2,915,226,398
2000 $9,129,594,970 $31,304,495,194 $712,667,897 $2,875,468,427
2001 $8,936,079,118 $32,621,161,810 $712,167,450 $2,941,015,353
2002 $15,285,592,370 $37,079,068,253 $726,131,435 $2,974,326,086
2003 $17,812,704,586 $38,187,732,393 $743,063,950 $2,955,521,641
2004 $23,552,057,679 $42,369,289,093 $787,814,379 $3,001,726,851
2005 $36,970,900,884 $48,737,393,240 $824,880,550 $2,943,164,433
2006 $52,381,025,141 $54,366,562,158 $2,379,817,991 $3,094,137,271
2007 $65,266,415,494 $61,983,317,521 $2,730,971,595 $3,316,643,991
2008 $88,538,665,085 $68,906,854,084 $3,025,187,433 $3,374,858,506
2009 $70,307,196,182 $69,499,453,031 $3,165,663,153 $3,496,741,807
2010 $83,799,474,070 $72,556,300,250 $3,432,912,517 $3,641,452,425
2011 $111,789,747,671 $75,075,493,557 $3,691,384,318 $3,830,671,453
2012 $128,052,915,766 $81,488,522,604 $4,063,088,536 $4,032,790,344
2013 $132,339,109,040 $85,525,963,564 $4,167,800,929 $4,180,123,674
2014 $135,966,802,587 $89,650,503,848 $4,127,660,152 $4,250,621,228
2015 $90,496,420,507 $90,496,420,507 $4,279,840,194 $4,279,840,194
2016 $52,761,617,226 $88,161,567,931 $4,482,697,337 $4,442,793,237
2017 $73,690,154,991 $88,031,782,694 $4,748,174,334 $4,608,708,975
2018 $79,450,688,259 $86,872,966,033 $4,787,636,998 $4,813,377,726
2019 $70,897,962,732 $86,262,880,685 $5,173,760,192 $5,071,030,136
2020 $48,501,561,204 $81,399,194,251 $5,471,256,595 $7,275,896,377
2021 $66,505,129,988 $82,375,341,953 $8,041,362,110 $8,735,441,013
2022 $104,399,746,853 $84,883,445,838 $14,718,388,489 $14,268,000,638
2023 $84,875,162,197 $85,798,573,860 $16,918,503,597 $19,089,873,040
2024 $80,396,942,242 $89,594,220,855 $24,835,899,826 $27,369,534,584

Economic indicators

Angola Guyana
Gross domestic product
$80.4B
2024
$24.8B
2024
GDP rank
81/197
2024
119/197
2024
GDP growth
-5.28%
2023-2024
46.8%
2023-2024
GDP per capita
$2,122
2024
$29,884
2024
GDP per capita rank
156/197
2024
42/197
2024
GDP per capita, PPP
$8,348
2024
$79,906
2024
Government debt
$50.2B
2024
$6.03B
2024
Debt-to-GDP ratio
64.5%
2025
27.7%
2025
Government debt per person
$1,326
2024
$7,252
2024
Government debt per person rank
135/185
2024
67/185
2024
Average annual personal income after taxes
$33,074
2025
$13,265
2025
Income share by richest 10%
39.6%
2018
34.4%
1998
Income share by poorest 10%
1.3%
2018
1.1%
1998
Government expenditure, % of GDP
17.3%
2025
24.3%
2025
Consumer prices inflation
21.6%
2024-2025
3.6%
2024-2025
Central bank interest rate
18%
2023
n/a
Unemployment rate
14.1%
2022
13.2%
2019
Population
39983997
839919

GDP per capita in Angola vs Guyana

Angola's GDP per capita is $2,122, ranking 156/197, compared to $29,884 in Guyana, ranking 42/197. Adjusted for purchasing power (GDP per capita PPP), Angola ranks 136th at $8,348, while Guyana ranks 13th at $79,906.

Angola
GDP per capita

GDP per capita, PPP
Guyana
GDP per capita

GDP per capita, PPP
Year Current $
Angola Guyana
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 - - $299.1 -
1961 - - $319 -
1962 - - $327 -
1963 - - $288.8 -
1964 - - $313 -
1965 - - $336 -
1966 - - $353 -
1967 - - $378 -
1968 - - $340 -
1969 - - $361 -
1970 - - $381 -
1971 - - $396 -
1972 - - $395 -
1973 - - $421 -
1974 - - $588 -
1975 - - $664 -
1976 - - $604 -
1977 - - $593 -
1978 - - $663 -
1979 - - $689 -
1980 $729 - $779 -
1981 $658 - $735 -
1982 $634 - $621 -
1983 $637 - $631 -
1984 $650 - $565 -
1985 $772 - $588 -
1986 $698 - $657 -
1987 $770 - $464 -
1988 $807 - $545 -
1989 $908 - $503 -
1990 $966 $3,341 $529 $3,022
1991 $882 $3,373 $466 $3,322
1992 $669 $3,143 $498 $3,651
1993 $450 $2,369 $603 $4,027
1994 $335 $2,374 $716 $4,447
1995 $404 $2,696 $820 $4,753
1996 $531 $3,013 $928 $5,210
1997 $522 $3,178 $983 $5,615
1998 $429 $3,254 $940 $5,573
1999 $393 $3,263 $909 $5,812
2000 $564 $3,327 $932 $5,860
2001 $534 $3,428 $932 $6,131
2002 $882 $3,824 $951 $6,304
2003 $993 $3,879 $974 $6,392
2004 $1,266 $4,263 $1,033 $6,673
2005 $1,916 $4,876 $1,084 $6,761
2006 $2,617 $5,404 $3,136 $7,346
2007 $3,141 $6,096 $3,608 $8,110
2008 $4,103 $6,651 $4,009 $8,437
2009 $3,137 $6,498 $4,209 $8,824
2010 $3,597 $6,607 $4,582 $9,337
2011 $4,616 $6,711 $4,947 $10,066
2012 $5,086 $7,355 $5,444 $10,627
2013 $5,058 $7,561 $5,557 $11,200
2014 $5,006 $7,990 $5,473 $11,145
2015 $3,214 $7,120 $5,640 $11,408
2016 $1,808 $6,844 $5,871 $11,516
2017 $2,437 $6,993 $6,179 $12,243
2018 $2,539 $7,348 $6,048 $12,443
2019 $2,190 $7,528 $6,406 $13,241
2020 $1,450 $6,451 $6,776 $16,819
2021 $1,926 $7,408 $9,861 $22,866
2022 $2,930 $7,925 $17,913 $39,711
2023 $2,310 $8,047 $20,474 $54,729
2024 $2,122 $8,348 $29,884 $79,906

Spending and national debt comparison

In 2024, Angola's government spending was $14.1B, accounting for 17.3% of its GDP, while Guyana's spent $5.77B, or 24.3% of GDP.

Debt-to-GDP ratio is 64.5% in Angola and 27.7% in Guyana, ranking 67/185 and 163/185, respectively.

Angola
Government spending

Government debt
Guyana
Government spending

Government debt
Year % of GDP
Angola Guyana
Government spending Government debt Government spending Government debt
1996 25.2% 92% - -
1997 26.8% 73.5% 20.9% 101.3%
1998 26.1% 96.3% 19.7% 108%
1999 39.4% 104.8% 17.6% 97.1%
2000 35.8% 118.2% 22.9% 97.2%
2001 30.3% 100.2% 24% 104.6%
2002 27.6% 65.1% 23.1% 105.1%
2003 30.1% 50.8% 23.5% 95.6%
2004 26% 41.6% 23.7% 91.8%
2005 23.7% 29.9% 28.4% 90.7%
2006 27.3% 16.7% 29% 74.5%
2007 34.1% 18.8% 25.5% 47%
2008 47.2% 28.1% 24.1% 47.6%
2009 38.7% 48.4% 25.4% 51.7%
2010 34.6% 32.6% 23.9% 52.5%
2011 33.3% 26.3% 23.5% 51.2%
2012 33.2% 23.8% 21.8% 44.3%
2013 32.9% 29.5% 21.4% 41.1%
2014 32.3% 35.3% 23.1% 38.3%
2015 23.9% 50.4% 21.7% 41.8%
2016 19.4% 66.7% 25.2% 43.8%
2017 21% 60.5% 26.3% 42.9%
2018 18.3% 82.5% 27.6% 47%
2019 18.2% 101.4% 28.1% 43.6%
2020 20% 119.1% 30.5% 51.1%
2021 17.3% 74.3% 24.8% 41.2%
2022 19.5% 56.1% 20.3% 24.8%
2023 19.2% 71.4% 23.7% 26.7%
2024 17.5% 62.5% 23.2% 24.3%
2025 17.3% 64.5% 24.3% 27.7%

Government deficit by year

In 2024, Angola's government deficit, the difference between spending and revenue, was -$818M, equivalent to -1.02% of GDP. This compares to Guyana's deficit of -$1.83B, or -7.35% of GDP.

Over the past 28 years, Angola recorded a fiscal deficit in 15 of those years, while Guyana ran a deficit in 28 years. On average, Angola posted an annual deficit equal to -0.27% of GDP, compared to deficit of -3.59% of GDP for Guyana.

Deficit/surplus
Angola

Guyana
Year Deficit/surplus, % of GDP
Angola Guyana
1996 4.49% -
1997 -0.23% -1.7%
1998 -5.1% -2.67%
1999 -8.1% -0.47%
2000 2.02% -2.27%
2001 2.8% -3.71%
2002 -2.24% -2.42%
2003 -4.1% -4.81%
2004 1.03% -2.88%
2005 6.4% -6.54%
2006 8.42% -6.16%
2007 3.85% -3.35%
2008 -3.8% -2.78%
2009 -6.8% -2.5%
2010 2.98% -1.88%
2011 7.2% -2.13%
2012 3.68% -3.11%
2013 -0.27% -2.16%
2014 -5.07% -3.88%
2015 -2.57% -0.75%
2016 -3.98% -3.21%
2017 -5.75% -3.14%
2018 2.03% -2.52%
2019 0.69% -2.52%
2020 -1.66% -7.78%
2021 3.4% -6.94%
2022 0.58% -5.11%
2023 -1.88% -5.78%
2024 -1.02% -7.35%
2025 -2.31% -4.95%

Inflation comparison by year

Over the past 30 years, Angola has recorded an average annual inflation rate of 194%, compared with 4.17% in Guyana. In 2025, inflation was 21.6% in Angola and 3.6% in Guyana.

Inflation
Angola

Guyana
Year Inflation
Angola Guyana Angola Guyana
1996 4,146% 7.1%
1997 221.5% 3.6%
1998 107.4% 4.6%
1999 248.2% 7.5%
2000 325% 6.1%
2001 152.6% 2.6%
2002 108.9% 5.4%
2003 98.2% 6%
2004 43.5% 4.7%
2005 23% 6.9%
2006 13.3% 6.7%
2007 12.2% 12.2%
2008 12.5% 8.1%
2009 13.7% 3%
2010 14.5% 4.3%
2011 13.5% 4.4%
2012 10.3% 2.4%
2013 8.8% 1.9%
2014 7.3% 0.7%
2015 9.2% -0.9%
2016 30.7% 0.8%
2017 29.8% 1.9%
2018 19.6% 1.3%
2019 17.1% 2.1%
2020 22.3% 1.2%
2021 25.8% 3.3%
2022 21.4% 6.5%
2023 13.6% 4.5%
2024 28.2% 2.5%
2025 21.6% 3.6%

Top exports between countries

Angola
Export category Export value
Chemicals & pharma $170K
Machinery & equipment $53K
Textiles & consumer goods $21K
Metals $1K
Raw materials & minerals $1K
Guyana
Export category Export value
Raw agricultural goods $6.05M
Machinery & equipment $1.38M
Textiles & consumer goods $126K
Chemicals & pharma $120K
Metals $44K
Raw materials & minerals $7K

Balance of trade

Angola Guyana
Current account balance
$6.31B
2024
$2.35B
2023
Current account balance ranking
30/189
2024
41/189
2023
Current account balance, % of GDP
+7.85%
2024
+13.9%
2023
Goods imports
$14.2B
2024
$6B
2023
Goods exports
$36.8B
2024
$13.2B
2023
Service imports
$8.49B
2024
$4.95B
2023
Service exports
$129M
2024
$529M
2023
Imports of goods and services, % of GDP
24.4%
2024
109.7%
2005
Exports of goods and services, % of GDP
37.9%
2024
84.6%
2005

Economic freedom indices

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

Angola Guyana
Economic freedom 55 58.2
Economic freedom ranking 130/197 109/197
Property rights 39.9 48.2
Government integrity 28.2 38.6
Judicial effectiveness 25.7 48.3
Tax burden 86.9 76.9
Government spending 89.5 83.6
Fiscal health 89.1 39.7
Business freedom 45.2 71.1
Labor freedom 50.8 76.7
Monetary freedom 64.2 76
Trade freedom 70.4 54
Investment freedom 30 55
Financial freedom 40 30

Economic freedom by year comparison

The Economic Freedom Index for Angola is 55, ranking 130/197, compared to 58.2 for Guyana, ranking 109/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Angola
Guyana
Year Economic freedom index
Angola Guyana
1995 27.4 45.7
1996 24.4 50.1
1997 24.2 53.2
1998 24.9 52.7
1999 23.7 53.3
2000 24.3 52.4
2001 - 53.3
2002 - 54.3
2003 - 50.3
2004 - 53
2005 - 56.5
2006 43.5 56.6
2007 44.7 53.7
2008 46.9 48.8
2009 47 48.4
2010 48.4 48.4
2011 46.2 49.4
2012 46.7 51.3
2013 47.3 53.8
2014 47.7 55.7
2015 47.9 55.5
2016 48.9 55.4
2017 48.5 58.5
2018 48.6 58.7
2019 50.6 56.8
2020 52.2 56.2
2021 54.2 57.4
2022 52.6 59.5
2023 53 56.9
2024 54.3 57.3
2025 55 58.2

More economic indicators

Angola Guyana
Services, % of GDP
39.3%
2024
15.3%
2024
Industry, % of GDP
44.2%
2024
74.3%
2024
Agriculture, forestry, and fishing, % of GDP
16.4%
2024
8.02%
2024
GNI, Atlas method
$84B
2024
$16.8B
2024
GNI per capita, PPP
$7,660
2024
$52,320
2024
Total reserves including gold
$14.2B
2024
$1.01B
2024
Total reserves ranking
69/177
2024
141/177
2024
Net foreign direct investment
$1.14B
2024
$1.14B
2023
Net inflows of foreign direct investment
-$1.11B
2024
$8.63B
2024
Net outflows of foreign direct investment
$33.1M
2024
$5.7M
2024
Servicing debt to the IMF, % of GNI
16.3%
2023
2.72%
2023
Poverty at national poverty lines
36.6%
2020
35%
2020
Gross capital formation, % of GDP
25%
2024
32.3%
2005

GDP per capita map

GDP per capita

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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.