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Economy of Angola vs Hungary compared: GDP & Debt

Updated on by Georank team

Angola has a GDP of $101B compared to $223B for Hungary, ranking 71/197 and 55/197 by economy size, respectively.

Angola has $60.5B in government debt (59.9% of GDP), compared to $164B (73.5% of GDP) in Hungary.

Angola vs Hungary GDP by year

Angola
Hungary
1x
Year GDP, current $
Angola Hungary
2024 $100,998,916,781 $222,722,738,926
2023 $107,167,747,140 $213,240,316,635
2022 $131,212,208,930 $177,002,580,544
2021 $79,559,543,805 $183,282,685,440
2020 $58,852,456,454 $158,468,487,754
2019 $80,734,428,593 $164,936,682,034
2018 $89,512,794,227 $161,184,691,014
2017 $84,376,935,689 $143,335,098,992
2016 $59,878,249,719 $128,983,560,865
2015 $102,543,067,841 $125,244,126,623
2014 $153,449,860,496 $141,128,696,412
2013 $148,845,200,697 $135,646,053,779
2012 $143,572,907,528 $128,470,269,690
2011 $125,551,634,704 $141,712,804,954
2010 $95,546,919,755 $131,898,737,241
2009 $81,705,175,408 $130,807,441,076
2008 $98,790,432,989 $158,228,265,916
2007 $73,037,821,927 $140,123,326,896
2006 $58,653,659,980 $115,604,111,412
2005 $41,396,636,383 $113,098,237,571
2004 $26,997,977,897 $104,015,363,080
2003 $20,342,128,112 $85,190,469,121
2002 $17,311,512,432 $67,636,468,625
2001 $8,936,079,118 $53,800,068,066
2000 $9,129,594,970 $47,275,954,429
1999 $6,152,923,310 $49,160,204,397
1998 $6,506,221,616 $48,784,412,624
1997 $7,648,380,196 $47,398,564,799
1996 $7,526,421,519 $46,833,767,124
1995 $5,538,749,260 $46,577,614,589
1994 $4,438,321,017 $43,307,949,890
1993 $5,768,720,422 $40,256,233,360
1992 $8,307,810,974 $38,857,339,125
1991 $10,603,784,541 $34,867,307,353
1990 $11,229,515,599 $34,478,360,679
1989 $10,201,780,977 $30,422,508,938
1988 $8,769,836,769 $29,799,838,597
1987 $8,084,412,414 $27,232,016,527
1986 $7,072,536,109 $24,778,163,812
1985 $7,554,065,410 $21,510,643,750
1984 $6,131,475,065 $21,242,726,264
1983 $5,784,341,596 $21,910,365,258
1982 $5,550,483,036 $24,141,667,188
1981 $5,550,483,036 $23,705,883,892
1980 $5,930,503,401 $23,116,977,148
1979 - $19,959,731,325
1978 - $17,286,744,154
1977 - $14,783,674,055
1976 - $13,235,612,079
1975 - $11,420,392,515
1974 - $10,016,338,179
1973 - $9,138,292,402
1972 - $7,379,313,742
1971 - $6,291,568,221
1970 - $5,780,929,203
1969 - $5,429,812,387
1968 - $4,886,222,555

Data sources: World Bank | Economy & Growth (1968–2024, retrieved 2026-04-06).

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

GDP per capita in Angola vs Hungary by year

Angola
GDP per capita

GDP per capita, PPP
Hungary
GDP per capita

GDP per capita, PPP
1x
Year Current $
Angola Hungary
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,666 $10,119 $23,292 $48,552
2023 $2,916 $9,754 $22,231 $46,592
2022 $3,682 $9,588 $18,428 $44,366
2021 $2,304 $8,862 $19,031 $38,887
2020 $1,759 $7,827 $16,387 $35,584
2019 $2,494 $8,573 $17,013 $35,627
2018 $2,860 $8,278 $16,605 $32,258
2017 $2,791 $8,007 $14,736 $29,728
2016 $2,052 $7,767 $13,216 $28,179
2015 $3,642 $8,067 $12,783 $26,938
2014 $5,650 $9,018 $14,353 $25,796
2013 $5,689 $8,504 $13,739 $24,592
2012 $5,702 $8,246 $12,950 $23,205
2011 $5,184 $7,538 $14,211 $22,992
2010 $4,102 $7,412 $13,190 $21,691
2009 $3,645 $7,228 $13,051 $20,691
2008 $4,578 $7,316 $15,763 $20,709
2007 $3,515 $6,728 $13,935 $19,089
2006 $2,930 $6,018 $11,478 $18,362
2005 $2,146 $5,416 $11,212 $17,091
2004 $1,451 $4,771 $10,291 $16,251
2003 $1,134 $4,322 $8,410 $15,460
2002 $999 $4,241 $6,658 $14,532
2001 $534 $3,802 $5,281 $13,223
2000 $564 $3,690 $4,630 $11,872
1999 $393 $3,619 $4,802 $10,892
1998 $429 $3,609 $4,752 $10,415
1997 $522 $3,525 $4,606 $9,846
1996 $531 $3,342 $4,542 $9,388
1995 $404 $2,990 $4,509 $9,222
1994 $335 $2,633 $4,187 $8,888
1993 $450 $2,628 $3,887 $8,441
1992 $669 $3,486 $3,747 $8,284
1991 $882 $3,740 $3,361 $8,352
1990 $966 $3,705 $3,324 $9,169
1989 $908 - $2,902 -
1988 $807 - $2,812 -
1987 $770 - $2,566 -
1986 $698 - $2,331 -
1985 $772 - $2,020 -
1984 $650 - $1,991 -
1983 $637 - $2,050 -
1982 $634 - $2,255 -
1981 $658 - $2,213 -
1980 $729 - $2,158 -
1979 - - $1,865 -
1978 - - $1,618 -
1977 - - $1,388 -
1976 - - $1,249 -
1975 - - $1,083 -
1974 - - $956 -
1973 - - $876 -
1972 - - $710 -
1971 - - $607 -
1970 - - $559 -
1969 - - $527 -
1968 - - $476 -

Data sources: World Bank | Economy & Growth (1968–2024, retrieved 2026-04-06).

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

Angola's GDP per capita is $2,666, ranking 144/197, compared to $23,292 in Hungary, ranking 55/197. Adjusted for purchasing power (GDP per capita PPP), Angola ranks 133rd at $10,119, while Hungary ranks 48th at $48,552.

Economic indicators

Angola Hungary
Gross domestic product
$101B
2024
$223B
2024
GDP rank
71/197
2024
55/197
2024
GDP growth
4.42%
2023-2024
0.56%
2023-2024
GDP per capita
$2,666
2024
$23,292
2024
GDP per capita rank
144/197
2024
55/197
2024
GDP per capita, PPP
$10,119
2024
$48,552
2024
GDP per capita PPP rank
133/197
2024
48/197
2024
Government debt
$60.5B
2024
$164B
2024
Debt-to-GDP ratio
59.9%
2024
73.5%
2024
Government debt per person
$1,597
2024
$17,109
2024
Government debt per person rank
127/185
2024
37/185
2024
Average annual personal income after taxes
$28,080
2026
$16,996
2026
Market capitalization of domestic companies n/a
$41.5B
2024
Number of millionaires n/a
24,692
2025
Number of billionaires n/a
4
2025
Income share by richest 10%
39.6%
2018
24.4%
2022
Income share by poorest 10%
1.3%
2018
2.8%
2022
Government expenditure, % of GDP
18.4%
2024
46.9%
2024
Consumer prices inflation
28.2%
2023-2024
3.7%
2023-2024
Central bank interest rate
18%
2023
6.5%
2024
Unemployment rate
14.1%
2022
4.47%
2024
Population
40555924
9475525

Spending and national debt comparison by year

Angola
Spending

Debt
Hungary
Spending

Debt
1x
Year % of GDP
Angola Hungary
Government spending Government debt Government spending Government debt
2024 18.4% 59.9% 46.9% 73.5%
2023 18.8% 72.4% 49.2% 73%
2022 19.5% 56.1% 48.7% 73.9%
2021 17.3% 74.3% 48.1% 76.2%
2020 20% 119.1% 51% 78.7%
2019 18.2% 101.4% 45.8% 65%
2018 18.3% 82.5% 45.9% 68.8%
2017 21% 60.5% 46.6% 72%
2016 19.4% 66.7% 46.7% 74.6%
2015 23.9% 50.4% 50.4% 75.7%
2014 32.3% 35.3% 50% 76.5%
2013 32.9% 29.5% 50.1% 77.2%
2012 33.2% 23.8% 49.2% 78.4%
2011 33.3% 26.3% 49.1% 80.5%
2010 34.6% 32.6% 48.9% 80.2%
2009 38.7% 48.4% 50.7% 78.2%
2008 47.2% 28.1% 48.8% 71.8%
2007 34.1% 18.8% 49.9% 65.6%
2006 27.3% 16.7% 51.4% 64.5%
2005 23.7% 29.9% 49.4% 60.6%
2004 26% 41.6% 48.8% 58.9%
2003 30.1% 50.8% 49.2% 58.2%
2002 27.6% 65.1% 51% 55.6%
2001 30.3% 100.2% 47.2% 52.2%
2000 35.8% 118.2% 47.3% 55.6%
1999 39.4% 104.8% 48.9% 60.3%
1998 26.1% 96.3% 50.7% 60.4%
1997 26.8% 73.5% 49.5% 62.2%
1996 25.2% 92% 50.9% 71.2%
1995 - - 55% 83.9%
1994 - - - 86.2%
1993 - - - 87.2%
1992 - - - 76.5%
1991 - - - 74.2%
1990 - - - 63.7%
1989 - - - 70.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1989–1999, retrieved 2026-02-20).

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

In 2024, Angola's government spending was $18.6B, accounting for 18.4% of its GDP, while Hungary spent $104B, or 46.9% of GDP.

Debt-to-GDP ratio is 59.9% in Angola and 73.5% in Hungary, ranking 78/185 and 49/185, respectively.

Government deficit by year

Deficit/surplus
Angola

Hungary
1x
Year Deficit/surplus, % of GDP
Angola Hungary
2024 -1.01% -4.92%
2023 -1.83% -6.75%
2022 0.58% -6.17%
2021 3.4% -7.11%
2020 -1.66% -7.49%
2019 0.69% -2.02%
2018 2.03% -2.05%
2017 -5.75% -2.45%
2016 -3.98% -1.79%
2015 -2.57% -2%
2014 -5.07% -2.77%
2013 -0.27% -2.6%
2012 3.68% -2.33%
2011 7.2% -5.22%
2010 2.98% -4.44%
2009 -6.8% -4.76%
2008 -3.8% -3.78%
2007 3.85% -5.09%
2006 8.42% -9.27%
2005 6.4% -7.79%
2004 1.03% -6.6%
2003 -4.1% -7.19%
2002 -2.24% -8.79%
2001 2.8% -4%
2000 2.02% -3.04%
1999 -8.1% -5.27%
1998 -5.1% -7.41%
1997 -0.23% -5.54%
1996 4.49% -4.36%
1995 - -8.57%
1994 - -
1993 - -
1992 - -
1991 - -
1990 - -
1989 - -
1988 - -
1987 - -
1986 - -
1985 - -
1984 - -
1983 - -
1982 - -
1981 - -
1980 - -
1979 - -
1978 - -
1977 - -
1976 - -
1975 - -
1974 - -
1973 - -
1972 - -
1971 - -
1970 - -
1969 - -
1968 - -
1967 - -
1966 - -
1965 - -
1964 - -
1963 - -
1962 - -
1961 - -
1960 - -
1959 - -
1958 - -
1957 - -
1956 - -
1955 - -
1954 - -
1953 - -
1952 - -
1951 - -
1950 - -
1949 - -
1948 - -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -0.17%
1942 - 0.31%
1941 - 0.2%
1940 - -0.07%
1939 - 0.19%
1938 - -0.11%
1937 - -0.01%
1936 - 0.08%
1935 - 0.03%
1934 - 0.04%
1933 - -0.03%
1932 - -0.22%
1931 - -0.32%
1930 - -0.26%
1929 - 0.02%
1928 - 0.12%
1927 - 0.15%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1927–1943, retrieved 2026-02-20).

GeoRank.org/economy/angola/hungary | 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 Hungary's deficit of $10.9B, or 4.92% of GDP.

Over the past 29 years, Angola recorded a fiscal deficit in 15 of those years, while Hungary ran a deficit in 29 years. On average, Angola posted an annual deficit equal to 0.1% of GDP, compared to deficit of 4.93% of GDP for Hungary.

Inflation comparison by year

Inflation
Angola

Hungary
1x
Year Consumer prices inflation
Angola Hungary
2024 28.2% 3.7%
2023 13.6% 17.1%
2022 21.4% 14.6%
2021 25.8% 5.11%
2020 22.3% 3.33%
2019 17.1% 3.34%
2018 19.6% 2.85%
2017 29.8% 2.35%
2016 30.7% 0.39%
2015 9.2% -0.06%
2014 7.3% -0.23%
2013 8.8% 1.73%
2012 10.3% 5.65%
2011 13.5% 3.93%
2010 14.5% 4.86%
2009 13.7% 4.21%
2008 12.5% 6.04%
2007 12.2% 7.96%
2006 13.3% 3.93%
2005 23% 3.56%
2004 43.5% 6.74%
2003 98.2% 4.66%
2002 108.9% 5.27%
2001 152.6% 9.12%
2000 325% 9.8%
1999 248.2% 10%
1998 107.4% 14.2%
1997 221.5% 18.3%

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/hungary | CC BY

Over the past 28 years, Angola has recorded an average annual inflation rate of 59%, compared with 6.16% in Hungary. In 2024, inflation was 28.2% in Angola and 3.7% in Hungary.

Top exports between countries

Angola
Export category Export value
Machinery & equipment $13.9M
Hungary
Export category Export value
Machinery & equipment $1.38M
Wood & paper products $981K
Miscellaneous $852K
Raw agricultural goods $832K
Raw materials & minerals $665K
Animal & marine products $310K
Processed food, beverages & tobacco $135K
Textiles & consumer goods $103K
Chemicals & pharma $82K
Metals $3K

Balance of trade

Angola Hungary
Current account balance
$6.31B
2024
$3.52B
2024
Current account balance ranking
30/190
2024
36/190
2024
Current account balance, % of GDP
+6.25%
2024
+1.58%
2024
Goods imports
$14.2B
2024
$130B
2024
Goods exports
$36.8B
2024
$129B
2024
Service imports
$8.49B
2024
$27.9B
2024
Service exports
$129M
2024
$38.9B
2024
Imports of goods and services, % of GDP
19.4%
2024
71.1%
2024
Exports of goods and services, % of GDP
31.5%
2024
75.4%
2024

Economic freedom indices

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

Angola Hungary
Economic freedom 54.4 62.5
Economic freedom ranking 133/197 86/197
Property rights 36.9 67.3
Government integrity 28.3 44
Judicial effectiveness 26.3 61.9
Tax burden 86.9 85.1
Government spending 89.3 30.2
Fiscal health 91.9 32.7
Business freedom 42.8 70.8
Labor freedom 50.8 56.5
Monetary freedom 59 72.1
Trade freedom 70.4 79.4
Investment freedom 30 80
Financial freedom 40 70

Economic freedom comparison by year

Angola
Hungary
1x
Year Economic freedom index
Angola Hungary
2026 54.4 62.5
2025 55 61.4
2024 54.3 61.2
2023 53 64.1
2022 52.6 66.9
2021 54.2 67.2
2020 52.2 66.4
2019 50.6 65
2018 48.6 66.7
2017 48.5 65.8
2016 48.9 66
2015 47.9 66.8
2014 47.7 67
2013 47.3 67.3
2012 46.7 67.1
2011 46.2 66.6
2010 48.4 66.1
2009 47 66.8
2008 46.9 67.6
2007 44.7 64.8
2006 43.5 65
2005 - 63.5
2004 - 62.7
2003 - 63
2002 - 64.5
2001 - 65.6
2000 24.3 64.4
1999 23.7 59.6
1998 24.9 56.9
1997 24.2 55.3
1996 24.4 56.8
1995 27.4 55.2

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

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

The Economic Freedom Index for Angola is 54.4, ranking 133/197, compared to 62.5 for Hungary, ranking 86/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Angola Hungary
Services, % of GDP
41.1%
2024
59.5%
2024
Industry, % of GDP
34.6%
2024
23.7%
2024
Agriculture, forestry, and fishing, % of GDP
22.1%
2024
2.71%
2024
GNI, Atlas method
$108B
2024
$199B
2024
GNI per capita, PPP
$9,460
2024
$47,290
2024
Total reserves including gold
$14.2B
2024
$46.4B
2024
Total reserves ranking
69/177
2024
42/177
2024
Net foreign direct investment
$1.14B
2024
-$15.8B
2024
Net inflows of foreign direct investment
-$1.11B
2024
-$62.2B
2024
Net outflows of foreign direct investment
$33.1M
2024
-$78B
2024
Servicing debt to the IMF, % of GNI
11.5%
2024
n/a
Poverty at national poverty lines
36.6%
2020
12.1%
2021
Gross capital formation, % of GDP
10.4%
2024
23.5%
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/hungary | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1968–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1927–1999, retrieved 2026-02-20)
  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)

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.