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Economy of Angola vs Honduras compared: GDP & Debt

Updated on by Georank team

Angola has a GDP of $80.4B compared to $37.1B for Honduras, ranking 81/197 and 103/197 by economy size, respectively.

Angola has $50.2B in government debt (64.5% of GDP), compared to $15.8B (43% of GDP) in Honduras.

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 $
Honduras
GDP, current $

GDP, constant 2015 $
Year GDP
Angola Honduras
Current $ Constant $ Current $ Constant $
1960 - - $335,650,000 $2,488,221,555
1961 - - $356,200,000 $2,534,394,470
1962 - - $387,750,000 $2,680,498,409
1963 - - $410,200,000 $2,776,471,958
1964 - - $457,000,000 $2,926,863,604
1965 - - $508,650,000 $3,191,368,848
1966 - - $549,950,000 $3,362,867,976
1967 - - $598,100,000 $3,563,884,850
1968 - - $646,800,000 $3,799,036,503
1969 - - $668,000,050 $3,823,936,864
1970 - - $723,000,000 $3,962,620,383
1971 - - $731,000,000 $4,120,927,211
1972 - - $802,996,337 $4,358,387,600
1973 - - $912,499,494 $4,701,386,276
1974 - - $1,034,500,000 $4,643,670,096
1975 - - $1,124,000,000 $4,742,611,928
1976 - - $1,347,999,950 $5,240,619,049
1977 - - $1,669,499,950 $5,784,799,119
1978 - - $3,097,242,093 $6,129,932,487
1979 - - $3,544,281,977 $6,473,817,206
1980 $5,930,503,401 $23,063,262,074 $3,968,160,046 $6,512,618,292
1981 $5,550,483,036 $22,048,478,262 $4,043,894,879 $6,433,031,815
1982 $5,550,483,036 $22,048,478,262 $4,266,503,526 $6,299,568,220
1983 $5,784,341,596 $22,974,514,664 $4,476,697,185 $6,356,623,024
1984 $6,131,475,065 $24,352,986,041 $4,915,311,847 $6,758,825,363
1985 $7,554,065,410 $25,205,340,428 $5,278,120,713 $7,139,092,751
1986 $7,072,536,109 $25,936,295,740 $5,677,828,959 $7,519,661,681
1987 $8,084,412,414 $26,995,209,500 $6,190,521,242 $8,018,843,592
1988 $8,769,836,769 $28,649,716,325 $5,902,717,091 $8,158,855,312
1989 $10,201,780,977 $28,661,640,755 $5,432,344,902 $8,381,416,559
1990 $11,229,515,599 $27,672,785,865 $4,923,009,552 $8,615,404,668
1991 $10,603,784,541 $27,947,122,601 $4,648,668,479 $8,329,432,815
1992 $8,307,810,974 $26,315,491,127 $4,943,700,431 $8,835,336,566
1993 $5,768,720,422 $20,004,137,038 $4,926,728,933 $9,409,255,133
1994 $4,438,321,017 $20,272,065,135 $4,642,280,682 $9,429,193,673
1995 $5,538,749,260 $23,312,874,912 $5,347,445,005 $10,012,795,187
1996 $7,526,421,519 $26,470,456,890 $5,215,028,986 $10,200,112,186
1997 $7,648,380,196 $28,395,991,341 $5,737,099,650 $10,669,121,817
1998 $6,506,221,616 $29,728,088,881 $6,366,340,266 $11,052,168,152
1999 $6,152,923,310 $30,376,604,084 $6,414,520,530 $10,970,862,758
2000 $9,129,594,970 $31,304,495,194 $7,186,638,029 $11,770,779,975
2001 $8,936,079,118 $32,621,161,810 $7,651,162,302 $12,091,321,063
2002 $15,285,592,370 $37,079,068,253 $7,858,255,413 $12,545,270,108
2003 $17,812,704,586 $38,187,732,393 $8,230,391,347 $13,115,708,313
2004 $23,552,057,679 $42,369,289,093 $8,869,299,234 $13,933,118,991
2005 $36,970,900,884 $48,737,393,240 $9,757,012,697 $14,776,156,180
2006 $52,381,025,141 $54,366,562,158 $10,917,477,066 $15,746,542,344
2007 $65,266,415,494 $61,983,317,521 $12,361,257,681 $16,720,989,902
2008 $88,538,665,085 $68,906,854,084 $13,881,731,876 $17,428,555,329
2009 $70,307,196,182 $69,499,453,031 $14,587,496,229 $17,004,757,718
2010 $83,799,474,070 $72,556,300,250 $15,839,344,592 $17,639,229,094
2011 $111,789,747,671 $75,075,493,557 $17,710,275,685 $18,315,815,357
2012 $128,052,915,766 $81,488,522,604 $18,528,554,398 $19,072,018,182
2013 $132,339,109,040 $85,525,963,564 $18,499,729,215 $19,604,424,966
2014 $135,966,802,587 $89,650,503,848 $19,756,533,972 $20,203,944,076
2015 $90,496,420,507 $90,496,420,507 $20,979,791,685 $20,979,791,685
2016 $52,761,617,226 $88,161,567,931 $21,717,604,952 $21,796,529,143
2017 $73,690,154,991 $88,031,782,694 $23,136,247,991 $22,852,116,285
2018 $79,450,688,259 $86,872,966,033 $24,067,750,760 $23,730,778,961
2019 $70,897,962,732 $86,262,880,685 $24,882,225,742 $24,338,200,129
2020 $48,501,561,204 $81,399,194,251 $23,352,232,484 $22,156,260,474
2021 $66,505,129,988 $82,375,341,953 $28,144,331,507 $24,940,257,610
2022 $104,399,746,853 $84,883,445,838 $31,426,041,807 $25,973,672,632
2023 $84,875,162,197 $85,798,573,860 $34,355,805,528 $26,902,451,582
2024 $80,396,942,242 $89,594,220,855 $37,093,565,854 $27,858,556,650

Economic indicators

Angola Honduras
Gross domestic product
$80.4B
2024
$37.1B
2024
GDP rank
81/197
2024
103/197
2024
GDP growth
-5.28%
2023-2024
7.97%
2023-2024
GDP per capita
$2,122
2024
$3,426
2024
GDP per capita rank
156/197
2024
136/197
2024
GDP per capita, PPP
$8,348
2024
$7,486
2024
Government debt
$50.2B
2024
$15.8B
2024
Debt-to-GDP ratio
64.5%
2025
43%
2025
Government debt per person
$1,326
2024
$1,460
2024
Government debt per person rank
135/185
2024
130/185
2024
Average annual personal income after taxes
$33,074
2025
$5,147
2025
Income share by richest 10%
39.6%
2018
32.3%
2024
Income share by poorest 10%
1.3%
2018
1.2%
2024
Government expenditure, % of GDP
17.3%
2025
26.7%
2025
Consumer prices inflation
21.6%
2024-2025
4.61%
2023-2024
Central bank interest rate
18%
2023
5.75%
2024
Unemployment rate
14.1%
2022
4.91%
2024
Population
39983997
11149564

GDP per capita in Angola vs Honduras

Angola's GDP per capita is $2,122, ranking 156/197, compared to $3,426 in Honduras, ranking 136/197. Adjusted for purchasing power (GDP per capita PPP), Angola ranks 136th at $8,348, while Honduras ranks 145th at $7,486.

Angola
GDP per capita

GDP per capita, PPP
Honduras
GDP per capita

GDP per capita, PPP
Year Current $
Angola Honduras
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 - - $162.8 -
1961 - - $167.9 -
1962 - - $177.7 -
1963 - - $182.7 -
1964 - - $197.8 -
1965 - - $214 -
1966 - - $224.8 -
1967 - - $237.5 -
1968 - - $249.4 -
1969 - - $250.2 -
1970 - - $262.8 -
1971 - - $257.9 -
1972 - - $274.8 -
1973 - - $303 -
1974 - - $334 -
1975 - - $352 -
1976 - - $409 -
1977 - - $491 -
1978 - - $884 -
1979 - - $980 -
1980 $729 - $1,065 -
1981 $658 - $1,053 -
1982 $634 - $1,078 -
1983 $637 - $1,098 -
1984 $650 - $1,170 -
1985 $772 - $1,221 -
1986 $698 - $1,276 -
1987 $770 - $1,353 -
1988 $807 - $1,254 -
1989 $908 - $1,122 -
1990 $966 $3,341 $988 $2,040
1991 $882 $3,373 $907 $1,982
1992 $669 $3,143 $938 $2,090
1993 $450 $2,369 $908 $2,214
1994 $335 $2,374 $832 $2,203
1995 $404 $2,696 $932 $2,322
1996 $531 $3,013 $883 $2,341
1997 $522 $3,178 $945 $2,423
1998 $429 $3,254 $1,021 $2,472
1999 $393 $3,263 $1,002 $2,423
2000 $564 $3,327 $1,093 $2,587
2001 $534 $3,428 $1,132 $2,645
2002 $882 $3,824 $1,132 $2,715
2003 $993 $3,879 $1,156 $2,821
2004 $1,266 $4,263 $1,215 $3,001
2005 $1,916 $4,876 $1,305 $3,204
2006 $2,617 $5,404 $1,426 $3,438
2007 $3,141 $6,096 $1,578 $3,664
2008 $4,103 $6,651 $1,732 $3,806
2009 $3,137 $6,498 $1,781 $3,656
2010 $3,597 $6,607 $1,893 $3,758
2011 $4,616 $6,711 $2,074 $3,901
2012 $5,086 $7,355 $2,126 $4,016
2013 $5,058 $7,561 $2,081 $4,137
2014 $5,006 $7,990 $2,180 $4,460
2015 $3,214 $7,120 $2,271 $4,846
2016 $1,808 $6,844 $2,307 $5,186
2017 $2,437 $6,993 $2,413 $5,621
2018 $2,539 $7,348 $2,465 $5,633
2019 $2,190 $7,528 $2,502 $5,785
2020 $1,450 $6,451 $2,308 $5,385
2021 $1,926 $7,408 $2,735 $6,203
2022 $2,930 $7,925 $3,003 $6,805
2023 $2,310 $8,047 $3,227 $7,178
2024 $2,122 $8,348 $3,426 $7,486

Spending and national debt comparison

In 2024, Angola's government spending was $14.1B, accounting for 17.3% of its GDP, while Honduras' spent $9.52B, or 26.7% of GDP.

Debt-to-GDP ratio is 64.5% in Angola and 43% in Honduras, ranking 67/185 and 125/185, respectively.

Angola
Government spending

Government debt
Honduras
Government spending

Government debt
Year % of GDP
Angola Honduras
Government spending Government debt Government spending Government debt
1960 - - 12.2% 8.97%
1961 - - 11.2% 8.22%
1962 - - 10.5% 8.54%
1963 - - 10.1% 9.02%
1964 - - 11.4% 9.78%
1965 - - 10.6% 8.97%
1966 - - 11.4% 9.47%
1967 - - 11.4% 9.72%
1968 - - 11.6% 9.75%
1969 - - 13.6% 13%
1970 - - 15.2% 17.2%
1971 - - 15.2% 19.8%
1972 - - 12.6% 16.8%
1973 - - 11.1% 16.6%
1974 - - 11.7% 18.5%
1975 - - 11.9% 24%
1976 - - 11.5% 26.5%
1977 - - 14.6% 28.2%
1978 - - 13.1% 32.8%
1979 - - 14.4% 36.1%
1980 - - 16.2% 41%
1981 - - 15.3% 48.1%
1982 - - 18.7% 54.3%
1983 - - 20.8% 57.6%
1984 - - 22.4% 60.5%
1985 - - 22.5% 65.7%
1986 - - 19.8% 69.9%
1987 - - 17.2% 73.6%
1988 - - 16% 71.7%
1989 - - 10.2% 68.4%
1990 - - 16.4% 200.3%
1991 - - 18.8% 122.2%
1992 - - 20.5% 116.5%
1993 - - 23.7% 108%
1994 - - 19.2% 86.4%
1995 - - 17.2% 65.4%
1996 25.2% 92% 18.7% 64.6%
1997 26.8% 73.5% 19.4% 70.8%
1998 26.1% 96.3% 19.4% 67.4%
1999 39.4% 104.8% 23.3% 75.8%
2000 35.8% 118.2% 22.1% 65.8%
2001 30.3% 100.2% 25.1% 63.4%
2002 27.6% 65.1% 26.8% 64.2%
2003 30.1% 50.8% 26.4% 67.8%
2004 26% 41.6% 25.5% 60.9%
2005 23.7% 29.9% 23.6% 55.6%
2006 27.3% 16.7% 24.4% 39.2%
2007 34.1% 18.8% 24.4% 24%
2008 47.2% 28.1% 26.4% 22.3%
2009 38.7% 48.4% 28.4% 23.8%
2010 34.6% 32.6% 26.5% 21.8%
2011 33.3% 26.3% 25.9% 24.8%
2012 33.2% 23.8% 26.4% 27.1%
2013 32.9% 29.5% 29.6% 37.3%
2014 32.3% 35.3% 27.6% 35.2%
2015 23.9% 50.4% 26% 38.5%
2016 19.4% 66.7% 27.4% 39.6%
2017 21% 60.5% 26.9% 41.5%
2018 18.3% 82.5% 26.2% 42.6%
2019 18.2% 101.4% 25.9% 43.5%
2020 20% 119.1% 28.4% 53.7%
2021 17.3% 74.3% 28.8% 51%
2022 19.5% 56.1% 24% 48.7%
2023 19.2% 71.4% 26.1% 44.9%
2024 17.5% 62.5% 25.7% 42.6%
2025 17.3% 64.5% 26.7% 43%

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 Honduras' deficit of -$299M, or -0.81% of GDP.

Over the past 29 years, Angola recorded a fiscal deficit in 15 of those years, while Honduras ran a deficit in 21 years. On average, Angola posted an annual deficit equal to -0.1% of GDP, compared to deficit of -1.52% of GDP for Honduras.

Deficit/surplus
Angola

Honduras
Year Deficit/surplus, % of GDP
Angola Honduras
1927 - 0.37%
1928 - 0.72%
1929 - -0.38%
1930 - -1.15%
1931 - -0.94%
1932 - -2.13%
1933 - 2.06%
1934 - 0.06%
1935 - 0%
1936 - -0.76%
1937 - -1.37%
1938 - -0.74%
1939 - -0.52%
1940 - -0.43%
1941 - -0.26%
1942 - 0%
1943 - -0.48%
1944 - -0.82%
1945 - 0%
1946 - 0.32%
1947 - -0.83%
1948 - 0.52%
1949 - -1.92%
1950 - -0.44%
1951 - -1.04%
1952 - -3.21%
1953 - -2.96%
1954 - -2.91%
1955 - -0.42%
1956 - -1.81%
1957 - -1.01%
1958 - -1.16%
1959 - -1.31%
1960 - -1.22%
1961 - -1.05%
1962 - -0.71%
1963 - -0.39%
1964 - -1.77%
1965 - 0.19%
1966 - -0.45%
1967 - -0.73%
1968 - -0.38%
1969 - -2.16%
1970 - -3.24%
1971 - -3.51%
1972 - -2.37%
1973 - -0.71%
1974 - -0.27%
1975 - -1.78%
1976 - -0.93%
1977 - -2.55%
1978 - -0.68%
1979 - -1.55%
1980 - -2.52%
1981 - -2.5%
1982 - -6.17%
1983 - -9.1%
1984 - -9.33%
1985 - -8.58%
1986 - -5.92%
1987 - -3.23%
1988 - -2.65%
1989 - 2.08%
1990 - -1.82%
1991 - -1.95%
1992 - -1.41%
1993 - -5.03%
1994 - -0.98%
1995 - -0.24%
1996 4.49% 0.13%
1997 -0.23% 0.08%
1998 -5.1% 2.89%
1999 -8.1% 1.38%
2000 2.02% 1.51%
2001 2.8% -3.12%
2002 -2.24% -5.02%
2003 -4.1% -5.09%
2004 1.03% -2.48%
2005 6.4% -0.03%
2006 8.42% -1.36%
2007 3.85% -0.25%
2008 -3.8% -0.27%
2009 -6.8% -4.86%
2010 2.98% -3.37%
2011 7.2% -2.94%
2012 3.68% -3.48%
2013 -0.27% -5.73%
2014 -5.07% -2.9%
2015 -2.57% -0.78%
2016 -3.98% -0.4%
2017 -5.75% -0.41%
2018 2.03% 0.2%
2019 0.69% 0.09%
2020 -1.66% -4.58%
2021 3.4% -3.18%
2022 0.58% 1.66%
2023 -1.88% -1.01%
2024 -1.02% -0.81%
2025 -2.31% -1.46%

Inflation comparison by year

Over the past 29 years, Angola has recorded an average annual inflation rate of 199.9%, compared with 7.81% in Honduras. In 2024, inflation was 21.6% in Angola and 4.61% in Honduras.

Inflation
Angola

Honduras
Year Inflation
Angola Honduras Angola Honduras
1996 4,146% 23.8%
1997 221.5% 20.2%
1998 107.4% 13.7%
1999 248.2% 11.7%
2000 325% 11%
2001 152.6% 9.67%
2002 108.9% 7.69%
2003 98.2% 7.67%
2004 43.5% 8.11%
2005 23% 8.81%
2006 13.3% 5.58%
2007 12.2% 6.94%
2008 12.5% 11.4%
2009 13.7% 5.5%
2010 14.5% 4.7%
2011 13.5% 6.76%
2012 10.3% 5.2%
2013 8.8% 5.16%
2014 7.3% 6.13%
2015 9.2% 3.16%
2016 30.7% 2.72%
2017 29.8% 3.93%
2018 19.6% 4.35%
2019 17.1% 4.37%
2020 22.3% 3.47%
2021 25.8% 4.48%
2022 21.4% 9.09%
2023 13.6% 6.66%
2024 28.2% 4.61%
2025 21.6% -

Top exports between countries

Angola
Export category Export value
Honduras
Export category Export value
Raw agricultural goods $25K
Processed food, beverages & tobacco $1K

Balance of trade

Angola Honduras
Current account balance
$6.31B
2024
-$1.71B
2024
Current account balance ranking
30/189
2024
137/189
2024
Current account balance, % of GDP
+7.85%
2024
-4.61%
2024
Goods imports
$14.2B
2024
$14.6B
2024
Goods exports
$36.8B
2024
$5.67B
2024
Service imports
$8.49B
2024
$3.66B
2024
Service exports
$129M
2024
$3.68B
2024
Imports of goods and services, % of GDP
24.4%
2024
57.6%
2024
Exports of goods and services, % of GDP
37.9%
2024
33.5%
2024

Economic freedom indices

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

Angola Honduras
Economic freedom 55 59.6
Economic freedom ranking 130/197 100/197
Property rights 39.9 38.1
Government integrity 28.2 25.1
Judicial effectiveness 25.7 27.1
Tax burden 86.9 84.5
Government spending 89.5 79.2
Fiscal health 89.1 94.8
Business freedom 45.2 65
Labor freedom 50.8 38.8
Monetary freedom 64.2 68.2
Trade freedom 70.4 69.4
Investment freedom 30 65
Financial freedom 40 60

Economic freedom by year comparison

The Economic Freedom Index for Angola is 55, ranking 130/197, compared to 59.6 for Honduras, ranking 100/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Angola
Honduras
Year Economic freedom index
Angola Honduras
1995 27.4 57
1996 24.4 56.6
1997 24.2 56
1998 24.9 56.2
1999 23.7 56.7
2000 24.3 57.6
2001 - 57
2002 - 58.7
2003 - 60.4
2004 - 55.3
2005 - 55.3
2006 43.5 57.4
2007 44.7 59.1
2008 46.9 58.9
2009 47 58.7
2010 48.4 58.3
2011 46.2 58.6
2012 46.7 58.8
2013 47.3 58.4
2014 47.7 57.1
2015 47.9 57.4
2016 48.9 57.7
2017 48.5 58.8
2018 48.6 60.6
2019 50.6 60.2
2020 52.2 61.1
2021 54.2 59.8
2022 52.6 59.5
2023 53 58.7
2024 54.3 58.6
2025 55 59.6

More economic indicators

Angola Honduras
Services, % of GDP
39.3%
2024
58.4%
2024
Industry, % of GDP
44.2%
2024
26.1%
2024
Agriculture, forestry, and fishing, % of GDP
16.4%
2024
11.2%
2024
GNI, Atlas method
$84B
2024
$32.7B
2024
GNI per capita, PPP
$7,660
2024
$6,900
2024
Total reserves including gold
$14.2B
2024
$8.04B
2024
Total reserves ranking
69/177
2024
84/177
2024
Net foreign direct investment
$1.14B
2024
-$620M
2024
Net inflows of foreign direct investment
-$1.11B
2024
$1.31B
2024
Net outflows of foreign direct investment
$33.1M
2024
$689M
2024
Servicing debt to the IMF, % of GNI
16.3%
2023
5.49%
2023
Poverty at national poverty lines
36.6%
2020
62.9%
2024
Gross capital formation, % of GDP
25%
2024
22.5%
2024

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.