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Economy of Angola vs Indonesia compared: GDP & Debt

Updated on by Georank

Angola has a GDP of $122B compared to $1.45T for Indonesia, ranking 68/197 and 17/197 by economy size, respectively.

Angola has $62.7B in government debt (51.3% of GDP), compared to $593B (41% of GDP) in Indonesia.

Angola vs Indonesia GDP by year

Angola
Indonesia
1x
Year GDP, current $
Angola Indonesia
2025 $122,174,889,424 $1,445,642,584,164
2024 $103,080,538,044 $1,396,301,788,462
2023 $106,042,349,567 $1,371,166,925,750
2022 $128,233,959,333 $1,319,101,183,380
2021 $78,283,923,544 $1,186,509,691,087
2020 $58,512,033,806 $1,059,054,842,698
2019 $81,193,813,808 $1,119,099,871,350
2018 $90,506,061,877 $1,042,271,532,989
2017 $85,629,598,654 $1,015,618,744,160
2016 $60,770,049,747 $931,877,364,038
2015 $102,543,067,841 $860,854,232,686
2014 $153,449,860,496 $890,814,755,534
2013 $148,845,200,696 $912,524,136,718
2012 $143,572,907,528 $917,869,913,333
2011 $125,551,634,705 $892,969,104,563
2010 $95,546,919,754 $755,094,157,622
2009 $81,705,175,409 $539,580,085,612
2008 $98,790,432,989 $510,228,634,992
2007 $73,037,821,926 $432,216,737,775
2006 $58,653,659,980 $364,570,515,618
2005 $41,396,636,384 $285,868,619,196
2004 $26,997,977,896 $256,836,875,295
2003 $20,342,128,112 $234,772,463,824
2002 $17,311,512,433 $195,660,611,165
2001 $8,936,079,118 $160,446,947,785
2000 $9,129,594,970 $165,021,012,078
1999 $6,152,923,310 $140,001,351,215
1998 $6,506,221,616 $95,445,547,873
1997 $7,648,380,196 $215,748,998,610
1996 $7,526,421,519 $227,369,679,375
1995 $5,538,749,260 $202,132,028,723
1994 $4,438,321,017 $176,892,143,932
1993 $5,768,720,422 $158,006,700,302
1992 $8,307,810,974 $128,026,966,580
1991 $10,603,784,541 $116,621,996,217
1990 $11,229,515,599 $106,140,727,334
1989 $10,201,780,977 $94,451,427,877
1988 $8,769,836,769 $84,300,174,486
1987 $8,084,412,414 $75,929,617,558
1986 $7,072,536,109 $79,954,072,545
1985 $7,554,065,410 $85,289,488,375
1984 $6,131,475,065 $84,853,700,028
1983 $5,784,341,596 $81,052,283,384
1982 $5,550,483,036 $90,158,449,295
1981 $5,550,483,036 $85,518,233,419
1980 $5,930,503,401 $72,482,337,397
1979 - $51,400,186,343
1978 - $51,455,719,076
1977 - $45,808,915,663
1976 - $37,269,156,627
1975 - $30,463,855,422
1974 - $25,802,409,639
1973 - $16,273,253,012
1972 - $10,997,590,361
1971 - $9,333,536,370
1970 - $9,150,684,932
1969 - $8,337,423,313
1968 - $7,076,465,300
1967 - $5,667,756,628

Data sources: World Bank | Economy & Growth (1967–2025, retrieved 2026-07-08).

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

GDP per capita in Angola vs Indonesia by year

Angola
GDP per capita

GDP per capita, PPP
Indonesia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Angola Indonesia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $3,129 - $5,060 -
2024 $2,721 $10,119 $4,925 $16,448
2023 $2,886 $9,754 $4,876 $15,416
2022 $3,599 $9,588 $4,731 $14,285
2021 $2,267 $8,862 $4,287 $12,757
2020 $1,749 $7,827 $3,854 $11,729
2019 $2,508 $8,573 $4,107 $11,986
2018 $2,892 $8,278 $3,861 $11,372
2017 $2,832 $8,007 $3,799 $10,688
2016 $2,082 $7,767 $3,521 $10,263
2015 $3,642 $8,067 $3,288 $10,028
2014 $5,650 $9,018 $3,441 $10,065
2013 $5,689 $8,504 $3,567 $9,866
2012 $5,702 $8,246 $3,632 $9,530
2011 $5,184 $7,538 $3,579 $8,937
2010 $4,102 $7,412 $3,066 $8,353
2009 $3,645 $7,228 $2,218 $7,868
2008 $4,578 $7,316 $2,125 $7,569
2007 $3,515 $6,728 $1,823 $7,096
2006 $2,930 $6,018 $1,558 $6,583
2005 $2,146 $5,416 $1,238 $6,134
2004 $1,451 $4,771 $1,127 $5,700
2003 $1,134 $4,322 $1,043 $5,353
2002 $999 $4,241 $881 $5,076
2001 $534 $3,802 $732 $4,849
2000 $564 $3,690 $764 $4,639
1999 $393 $3,619 $657 $4,386
1998 $429 $3,609 $455 $4,356
1997 $522 $3,525 $1,045 $5,037
1996 $531 $3,342 $1,119 $4,807
1995 $404 $2,990 $1,011 $4,451
1994 $335 $2,633 $900 $4,096
1993 $450 $2,628 $817 $3,793
1992 $669 $3,486 $674 $3,538
1991 $882 $3,740 $624 $3,305
1990 $966 $3,705 $578 $3,044
1989 $908 - $524 -
1988 $807 - $477 -
1987 $770 - $438 -
1986 $698 - $470 -
1985 $772 - $511 -
1984 $650 - $520 -
1983 $637 - $508 -
1982 $634 - $578 -
1981 $658 - $561 -
1980 $729 - $487 -
1979 - - $353 -
1978 - - $362 -
1977 - - $331 -
1976 - - $275.7 -
1975 - - $231.1 -
1974 - - $200.7 -
1973 - - $129.9 -
1972 - - $90.1 -
1971 - - $78.5 -
1970 - - $79.1 -
1969 - - $74.1 -
1968 - - $64.7 -
1967 - - $53.2 -

Data sources: World Bank | Economy & Growth (1967–2025, retrieved 2026-07-08).

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

Angola's GDP per capita is $3,129, ranking 142/197, compared to $5,060 in Indonesia, ranking 123/197. Adjusted for purchasing power (GDP per capita PPP), Angola ranks 133rd at $10,119, while Indonesia ranks 107th at $16,448.

Economic indicators

Angola Indonesia
Gross domestic product
$122B
2025
$1.45T
2025
GDP rank
68/197
2025
17/197
2025
GDP growth
3.13%
2024-2025
5.11%
2024-2025
GDP per capita
$3,129
2025
$5,060
2025
GDP per capita rank
142/197
2025
123/197
2025
GDP per capita, PPP
$10,119
2024
$16,448
2024
GDP per capita PPP rank
133/197
2024
107/197
2024
Government debt
$62.7B
2025
$593B
2025
Debt-to-GDP ratio
51.3%
2025
41%
2025
Government debt per person
$1,606
2025
$2,076
2025
Government debt per person rank
127/185
2025
119/185
2025
Average annual personal income after taxes
$2,550
2026
$3,470
2026
Market capitalization of domestic companies n/a
$950B
2025
Number of millionaires n/a
178,605
2024
Number of billionaires n/a
33
2026
Income share by richest 10%
39.6%
2018
28.7%
2025
Income share by poorest 10%
1.3%
2018
3.5%
2025
Government expenditure, % of GDP
18.9%
2025
16.2%
2025
Consumer prices inflation
20.2%
2024-2025
1.91%
2024-2025
Central bank interest rate
17.5%
2026
5.5%
2026
Unemployment rate
10.4%
2025
3.31%
2023
Population
40839390
289027659

Spending and national debt comparison by year

Angola
Spending

Debt
Indonesia
Spending

Debt
1x
Year % of GDP
Angola Indonesia
Government spending Government debt Government spending Government debt
2025 18.9% 51.3% 16.2% 41%
2024 19% 57.1% 16.9% 40.2%
2023 23.3% 75.7% 16.6% 39.6%
2022 24.8% 57.4% 17.3% 40.1%
2021 22.8% 75.5% 18.1% 41.1%
2020 24.4% 119.8% 18.4% 39.7%
2019 20.9% 100.8% 16.4% 30.6%
2018 17.8% 81.6% 16.6% 30.4%
2017 20.7% 59.6% 16.4% 29.4%
2016 19.1% 65.7% 16.9% 28%
2015 23.9% 50.4% 17.6% 27%
2014 32.3% 35.3% 18.4% 24.6%
2013 32.9% 29.5% 18.8% 24.9%
2012 33.2% 23.8% 18.8% 23%
2011 33.3% 26.3% 17.7% 23.1%
2010 34.6% 32.6% 16.9% 26.4%
2009 38.7% 48.4% 17% 26.5%
2008 47.2% 28.1% 19.4% 30.3%
2007 34.1% 18.8% 18.7% 38.1%
2006 27.3% 16.7% 18.4% 35.8%
2005 23.7% 29.9% 17.4% 42.6%
2004 26% 41.6% 17.8% 51.3%
2003 30.1% 50.8% 18.2% 55.6%
2002 27.6% 65.1% 16.9% 62.3%
2001 30.3% 100.2% 19.5% 73.7%
2000 35.8% 118.2% 15.3% 87.4%
1999 45.7% 104.8% 15.1% 95.9%
1998 30.3% 96.3% 15.1% 72.5%
1997 31.1% 73.5% 15.2% 26.4%
1996 29.3% 92% 11.5% 27.5%
1995 - - 11.9% 32%
1994 - - 13.5% 37%
1993 - - 14.1% 40.4%
1992 - - 16.8% 42.6%
1991 - - 15% 39.2%
1990 - - 15.8% 40.8%
1989 - - 16.5% 42.5%
1988 - - 17.3% 45.6%
1987 - - 18% 49.7%
1986 - - 20.9% 38.3%
1985 - - 18.5% 28%
1984 - - 16.1% 23.5%
1983 - - 18.2% 23.1%
1982 - - 18.8% 18.6%
1981 - - 24.4% 16.4%
1980 - - 22.1% 17.3%
1979 - - 20.9% 22%
1978 - - 20.1% 30.3%
1977 - - 19.5% 27.7%
1976 - - 21.8% 38.1%
1975 - - 20.5% 36.7%
1974 - - 17.3% 34.4%
1973 - - 16.3% 43.1%
1972 - - 15.7% 51.2%
1971 - - 14.5% 50.5%
1970 - - 13.8% 46.7%
1969 - - 12.8% -
1968 - - 8.82% -
1967 - - 10.4% -
1966 - - 9.18% -
1965 - - 10.7% -
1964 - - 9.55% -
1963 - - 10.3% -
1962 - - 7.89% -
1961 - - 15.1% -
1960 - - 14.4% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1993–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08).

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

In 2025, Angola's government spending was $23B, accounting for 18.9% of its GDP, while Indonesia spent $234B, or 16.2% of GDP.

Debt-to-GDP ratio is 51.3% in Angola and 41% in Indonesia, ranking 103/185 and 130/185, respectively.

Government deficit by year

Deficit/surplus
Angola

Indonesia
1x
Year Deficit/surplus, % of GDP
Angola Indonesia
2025 -4.07% -2.92%
2024 -1.19% -2.28%
2023 -2.49% -1.64%
2022 1.78% -2.31%
2021 1.35% -4.4%
2020 -3.05% -6.07%
2019 -0.2% -2.09%
2018 2% -1.69%
2017 -5.68% -2.26%
2016 -3.93% -2.56%
2015 -2.58% -2.72%
2014 -5.08% -1.8%
2013 -0.28% -1.96%
2012 3.67% -1.59%
2011 7.17% -0.7%
2010 2.96% -1.24%
2009 -6.83% -1.64%
2008 -3.82% 0.05%
2007 3.81% -0.95%
2006 8.42% 0.45%
2005 6.4% 0.46%
2004 1.03% -0.26%
2003 -4.1% -1.08%
2002 -2.24% -0.58%
2001 2.8% -1.76%
2000 2.02% -1.87%
1999 -9.4% -0.96%
1998 -5.92% -1.89%
1997 -0.27% -1.03%
1996 5.22% 0.96%
1995 - 0.64%
1994 - 0.005%
1993 - -0.59%
1992 - -1.54%
1991 - 0.51%
1990 - 0.97%
1989 - -1.72%
1988 - -2.68%
1987 - -0.9%
1986 - -2.94%
1985 - -0.45%
1984 - 1.83%
1983 - -1%
1982 - -1.11%
1981 - -0.69%
1980 - -0.82%
1979 - -0.67%
1978 - -2.03%
1977 - -0.38%
1976 - -2.63%
1975 - -2.33%
1974 - -0.35%
1973 - -1.33%
1972 - -1.82%
1971 - -2.51%
1970 - -3.02%
1969 - -2.8%
1968 - 0%
1967 - -0.35%
1966 - -5.06%
1965 - -6.62%
1964 - -5.58%
1963 - -5.24%
1962 - -3.1%
1961 - -4.57%
1960 - -1.65%
1959 - -4.06%
1958 - -6.67%
1957 - -2.92%
1956 - -1.38%
1955 - -1.6%
1954 - -3.16%
1953 - -2.33%
1952 - -3.66%
1951 - 1.52%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1951–1992, retrieved 2026-07-08).

GeoRank.org/economy/angola/indonesia | 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 Indonesia's deficit of $42.2B, or 2.92% of GDP.

Over the past 30 years, Angola recorded a fiscal deficit in 17 of those years, while Indonesia ran a deficit in 26 years. On average, Angola posted an annual deficit equal to 0.42% of GDP, compared to deficit of 1.61% of GDP for Indonesia.

Inflation comparison by year

Inflation
Angola

Indonesia
1x
Year Consumer prices inflation
Angola Indonesia
2025 20.2% 1.91%
2024 28.2% 2.18%
2023 13.6% 3.67%
2022 21.4% 4.21%
2021 25.8% 1.56%
2020 22.3% 1.92%
2019 17.1% 3.03%
2018 19.6% 3.2%
2017 29.8% 3.81%
2016 30.7% 3.53%
2015 9.2% 6.36%
2014 7.3% 6.39%
2013 8.8% 6.41%
2012 10.3% 4.28%
2011 13.5% 5.36%
2010 14.5% 5.13%
2009 13.7% 4.39%
2008 12.5% 10.2%
2007 12.2% 6.41%
2006 13.3% 13.1%
2005 23% 10.5%
2004 43.5% 6.06%
2003 98.2% 6.76%
2002 108.9% 11.9%
2001 152.6% 11.5%
2000 325% 3.69%
1999 248.2% 20.5%
1998 107.4% 58.5%
1997 221.5% 6.23%

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/indonesia | CC BY

Over the past 29 years, Angola has recorded an average annual inflation rate of 57.7%, compared with 8.02% in Indonesia. In 2025, inflation was 20.2% in Angola and 1.91% in Indonesia.

Top exports between countries

Angola
Export category Export value
Raw materials & minerals $1.56B
Machinery & equipment $8.8M
Metals $998K
Textiles & consumer goods $69K
Processed food, beverages & tobacco $52K
Animal & marine products $51K
Chemicals & pharma $23K
Miscellaneous $6K
Wood & paper products $2K
Indonesia
Export category Export value
Processed food, beverages & tobacco $60.7M
Chemicals & pharma $22.7M
Metals $20.8M
Wood & paper products $7.24M
Machinery & equipment $3.93M
Weapons & explosives $3.46M
Raw materials & minerals $1.64M
Textiles & consumer goods $503K
Raw agricultural goods $175K
Animal & marine products $18K

Balance of trade

Angola Indonesia
Current account balance
$536M
2025
-$1.52B
2025
Current account balance ranking
57/190
2025
129/190
2025
Current account balance, % of GDP
+0.44%
2025
-0.11%
2025
Goods imports
$15.5B
2025
$231B
2025
Goods exports
$30.6B
2025
$280B
2025
Service imports
$8.51B
2025
$63B
2025
Service exports
$118M
2025
$42.5B
2025
Imports of goods and services, % of GDP
11.7%
2025
20.5%
2025
Exports of goods and services, % of GDP
23%
2025
22.8%
2025

Economic freedom indices

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

Angola Indonesia
Economic freedom 54.4 65.1
Economic freedom ranking 133/197 67/197
Property rights 36.9 39.7
Government integrity 28.3 42
Judicial effectiveness 26.3 43.1
Tax burden 86.9 81.5
Government spending 89.3 91.4
Fiscal health 91.9 89.8
Business freedom 42.8 69.2
Labor freedom 50.8 56.8
Monetary freedom 59 79.4
Trade freedom 70.4 78.6
Investment freedom 30 50
Financial freedom 40 60

Economic freedom comparison by year

Angola
Indonesia
1x
Year Economic freedom index
Angola Indonesia
2026 54.4 65.1
2025 55 65.2
2024 54.3 63.5
2023 53 63.5
2022 52.6 64.4
2021 54.2 66.9
2020 52.2 67.2
2019 50.6 65.8
2018 48.6 64.2
2017 48.5 61.9
2016 48.9 59.4
2015 47.9 58.1
2014 47.7 58.5
2013 47.3 56.9
2012 46.7 56.4
2011 46.2 56
2010 48.4 55.5
2009 47 53.4
2008 46.9 53.2
2007 44.7 53.2
2006 43.5 51.9
2005 - 52.9
2004 - 52.1
2003 - 55.8
2002 - 54.8
2001 - 52.5
2000 24.3 55.2
1999 23.7 61.5
1998 24.9 63.4
1997 24.2 62
1996 24.4 61
1995 27.4 54.9

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

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

The Economic Freedom Index for Angola is 54.4, ranking 133/197, compared to 65.1 for Indonesia, ranking 67/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Angola Indonesia
Services, % of GDP
46.8%
2025
43.9%
2025
Industry, % of GDP
27.1%
2025
38.7%
2025
Agriculture, forestry, and fishing, % of GDP
25.2%
2025
13.1%
2025
GNI, Atlas method
$112B
2025
$1.46T
2025
GNI per capita, PPP
$9,840
2025
$17,190
2025
Total reserves including gold
$13.5B
2025
$157B
2025
Total reserves ranking
75/177
2025
22/177
2025
Net foreign direct investment
-$1.02B
2025
-$14.4B
2025
Net inflows of foreign direct investment
-$1.11B
2024
$24.3B
2024
Net outflows of foreign direct investment
$33.1M
2024
$8.39B
2024
Servicing debt to the IMF, % of GNI
11.3%
2024
5.64%
2024
Poverty at national poverty lines
36.6%
2020
9%
2024
Gross capital formation, % of GDP
10.6%
2024
30.6%
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/indonesia | CC BY

Compare countries by 7 more topics

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Data sources:

  1. World Bank | Economy & Growth (1967–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1951–1999, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, 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.