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Economy of Angola vs Iran compared: GDP & Debt

Updated on by Georank team

Angola has a GDP of $101B compared to $475B for Iran, ranking 71/197 and 34/197 by economy size, respectively.

Angola has $60.5B in government debt (59.9% of GDP), compared to $162B (34% of GDP) in Iran.

Angola vs Iran GDP by year

Angola
Iran
1x
Year GDP, current $
Angola Iran
2024 $100,998,916,781 $475,252,089,215
2023 $107,167,747,140 $457,510,482,317
2022 $131,212,208,930 $422,662,261,526
2021 $79,559,543,805 $407,350,685,583
2020 $58,852,456,454 $280,934,329,280
2019 $80,734,428,593 $347,988,400,958
2018 $89,512,794,227 $411,903,303,606
2017 $84,376,935,689 $510,239,893,418
2016 $59,878,249,719 $478,618,064,871
2015 $102,543,067,841 $409,191,686,497
2014 $153,449,860,496 $462,284,793,281
2013 $148,845,200,697 $500,399,839,840
2012 $143,572,907,528 $644,019,315,004
2011 $125,551,634,704 $629,082,257,472
2010 $95,546,919,755 $487,069,570,464
2009 $81,705,175,408 $414,059,094,949
2008 $98,790,432,989 $406,070,949,554
2007 $73,037,821,927 $349,736,591,832
2006 $58,653,659,980 $265,602,187,404
2005 $41,396,636,383 $224,970,371,325
2004 $26,997,977,897 $187,754,571,248
2003 $20,342,128,112 $151,911,222,119
2002 $17,311,512,432 $128,626,917,504
2001 $8,936,079,118 $126,878,750,296
2000 $9,129,594,970 $109,591,707,802
1999 $6,152,923,310 $113,848,450,088
1998 $6,506,221,616 $110,276,913,363
1997 $7,648,380,196 $113,919,163,421
1996 $7,526,421,519 $120,403,931,885
1995 $5,538,749,260 $96,419,225,744
1994 $4,438,321,017 $71,841,461,173
1993 $5,768,720,422 $63,743,623,232
1992 $8,307,810,974 $119,768,691,217
1991 $10,603,784,541 $131,637,664,958
1990 $11,229,515,599 $124,813,263,926
1989 $10,201,780,977 $120,496,362,916
1988 $8,769,836,769 $123,057,861,334
1987 $8,084,412,414 $134,009,995,923
1986 $7,072,536,109 $209,094,561,833
1985 $7,554,065,410 $180,183,629,600
1984 $6,131,475,065 $162,276,728,620
1983 $5,784,341,596 $156,365,156,618
1982 $5,550,483,036 $125,948,756,439
1981 $5,550,483,036 $100,499,312,750
1980 $5,930,503,401 $94,362,275,580
1979 - $90,391,877,326
1978 - $77,994,316,621
1977 - $80,600,122,702
1976 - $68,055,295,081
1975 - $51,776,222,350
1974 - $46,209,092,072
1973 - $27,081,698,250
1972 - $17,153,463,263
1971 - $13,731,802,833
1970 - $10,976,245,154
1969 - $9,743,089,607
1968 - $8,623,172,960
1967 - $7,555,383,690
1966 - $6,789,938,672
1965 - $6,197,319,929
1964 - $5,379,845,648
1963 - $4,928,628,018
1962 - $4,693,566,416
1961 - $4,426,949,095
1960 - $4,199,134,390

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Angola vs Iran by year

Angola
GDP per capita

GDP per capita, PPP
Iran
GDP per capita

GDP per capita, PPP
1x
Year Current $
Angola Iran
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,666 $10,119 $5,190 $19,874
2023 $2,916 $9,754 $5,049 $18,917
2022 $3,682 $9,588 $4,721 $17,546
2021 $2,304 $8,862 $4,605 $15,884
2020 $1,759 $7,827 $3,203 $15,119
2019 $2,494 $8,573 $3,997 $13,928
2018 $2,860 $8,278 $4,783 $15,324
2017 $2,791 $8,007 $6,001 $15,719
2016 $2,052 $7,767 $5,711 $15,195
2015 $3,642 $8,067 $4,953 $14,274
2014 $5,650 $9,018 $5,672 $16,065
2013 $5,689 $8,504 $6,223 $16,215
2012 $5,702 $8,246 $8,114 $17,021
2011 $5,184 $7,538 $8,026 $19,275
2010 $4,102 $7,412 $6,291 $18,628
2009 $3,645 $7,228 $5,416 $17,615
2008 $4,578 $7,316 $5,377 $17,549
2007 $3,515 $6,728 $4,688 $17,384
2006 $2,930 $6,018 $3,619 $15,907
2005 $2,146 $5,416 $3,132 $15,016
2004 $1,451 $4,771 $2,672 $14,425
2003 $1,134 $4,322 $2,209 $13,755
2002 $999 $4,241 $1,891 $12,554
2001 $534 $3,802 $1,881 $11,533
2000 $564 $3,690 $1,650 $11,187
1999 $393 $3,619 $1,740 $10,489
1998 $429 $3,609 $1,709 $10,285
1997 $522 $3,525 $1,790 $10,101
1996 $531 $3,342 $1,915 $9,916
1995 $404 $2,990 $1,550 $9,255
1994 $335 $2,633 $1,168 $8,951
1993 $450 $2,628 $1,038 $8,933
1992 $669 $3,486 $1,957 $8,888
1991 $882 $3,740 $2,194 $8,580
1990 $966 $3,705 $2,138 $7,566
1989 $908 - $2,125 -
1988 $807 - $2,234 -
1987 $770 - $2,513 -
1986 $698 - $4,064 -
1985 $772 - $3,634 -
1984 $650 - $3,395 -
1983 $637 - $3,397 -
1982 $634 - $2,845 -
1981 $658 - $2,393 -
1980 $729 - $2,368 -
1979 - - $2,352 -
1978 - - $2,101 -
1977 - - $2,243 -
1976 - - $1,954 -
1975 - - $1,532 -
1974 - - $1,409 -
1973 - - $851 -
1972 - - $555 -
1971 - - $457 -
1970 - - $377 -
1969 - - $345 -
1968 - - $314 -
1967 - - $283.7 -
1966 - - $262.9 -
1965 - - $247.5 -
1964 - - $221.7 -
1963 - - $209.6 -
1962 - - $205.8 -
1961 - - $200.1 -
1960 - - $195.6 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Angola's GDP per capita is $2,666, ranking 144/197, compared to $5,190 in Iran, ranking 119/197. Adjusted for purchasing power (GDP per capita PPP), Angola ranks 133rd at $10,119, while Iran ranks 97th at $19,874.

Economic indicators

Angola Iran
Gross domestic product
$101B
2024
$475B
2024
GDP rank
71/197
2024
34/197
2024
GDP growth
4.42%
2023-2024
3.66%
2023-2024
GDP per capita
$2,666
2024
$5,190
2024
GDP per capita rank
144/197
2024
119/197
2024
GDP per capita, PPP
$10,119
2024
$19,874
2024
GDP per capita PPP rank
133/197
2024
97/197
2024
Government debt
$60.5B
2024
$162B
2024
Debt-to-GDP ratio
59.9%
2024
34%
2024
Government debt per person
$1,597
2024
$1,764
2024
Government debt per person rank
127/185
2024
122/185
2024
Average annual personal income after taxes
$28,080
2026
$2,964
2026
Market capitalization of domestic companies n/a
$172B
2024
Income share by richest 10%
39.6%
2018
28.2%
2023
Income share by poorest 10%
1.3%
2018
2.8%
2023
Government expenditure, % of GDP
18.4%
2024
14.2%
2024
Consumer prices inflation
28.2%
2023-2024
32.5%
2023-2024
Central bank interest rate
18%
2023
23%
2023
Unemployment rate
14.1%
2022
7.63%
2024
Population
40555924
93468444

Spending and national debt comparison by year

Angola
Spending

Debt
Iran
Spending

Debt
1x
Year % of GDP
Angola Iran
Government spending Government debt Government spending Government debt
2024 18.4% 59.9% 14.2% 34%
2023 18.8% 72.4% 12.8% 29.6%
2022 19.5% 56.1% 12.8% 34.5%
2021 17.3% 74.3% 13.4% 39.9%
2020 20% 119.1% 12.1% 47.1%
2019 18.2% 101.4% 13.6% 44.6%
2018 18.3% 82.5% 14.8% 41.6%
2017 21% 60.5% 16.4% 43.2%
2016 19.4% 66.7% 16.3% 45.9%
2015 23.9% 50.4% 14.1% 32.1%
2014 32.3% 35.3% 12.3% 10.9%
2013 32.9% 29.5% 11.5% 10.2%
2012 33.2% 23.8% 11.4% 11.7%
2011 33.3% 26.3% 14.6% 10.6%
2010 34.6% 32.6% 14.1% 12.8%
2009 38.7% 48.4% 15.7% 11.5%
2008 47.2% 28.1% 16.8% 10.6%
2007 34.1% 18.8% 14.2% 13.5%
2006 27.3% 16.7% 18.7% 15.2%
2005 23.7% 29.9% 17.9% 18.3%
2004 26% 41.6% 15.1% 21.1%
2003 30.1% 50.8% 15.7% 21.9%
2002 27.6% 65.1% 15.6% 23.4%
2001 30.3% 100.2% 13.6% 21%
2000 35.8% 118.2% 13.3% 18.2%
1999 39.4% 104.8% 15.7% 22.2%
1998 26.1% 96.3% 16.9% 29.6%
1997 26.8% 73.5% 17.4% 30.9%
1996 25.2% 92% 17.3% 29.3%
1995 - - 21% 31.2%
1994 - - 23% 41.7%
1993 - - 27.2% 25.6%
1992 - - 14.4% 25.2%
1991 - - 14% 29.3%
1990 - - 16.4% 37%
1989 - - 20% 48.8%
1988 - - 23.6% 53.2%
1987 - - 18.6% 48.6%
1986 - - 19% 47.4%
1985 - - 21.6% 8.73%
1984 - - 23.7% 10%
1983 - - 27.5% 35.7%
1982 - - 29.7% 47.7%
1981 - - 33.7% 47.6%
1980 - - 35.8% 35.5%
1979 - - - -
1978 - - - -
1977 - - - 9.23%
1976 - - - 6.92%
1975 - - - 8.81%
1974 - - - 6.68%
1973 - - - 12.8%
1972 - - - 12.7%
1971 - - - 14.2%
1970 - - - 14.1%
1969 - - - -
1968 - - 23.6% -
1967 - - 22.3% -
1966 - - 20.5% -
1965 - - 16.3% 14.9%
1964 - - 15.4% 15.2%
1963 - - 14.8% 12.4%
1962 - - 15.6% 13.4%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1999, retrieved 2026-02-20).

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

In 2024, Angola's government spending was $18.6B, accounting for 18.4% of its GDP, while Iran spent $67.5B, or 14.2% of GDP.

Debt-to-GDP ratio is 59.9% in Angola and 34% in Iran, ranking 78/185 and 147/185, respectively.

Government deficit by year

Deficit/surplus
Angola

Iran
1x
Year Deficit/surplus, % of GDP
Angola Iran
2024 -1.01% -3.83%
2023 -1.83% -2.54%
2022 0.58% -2.64%
2021 3.4% -3.01%
2020 -1.66% -4.87%
2019 0.69% -4.3%
2018 2.03% -1.59%
2017 -5.75% -1.55%
2016 -3.98% -1.7%
2015 -2.57% -1.3%
2014 -5.07% -0.91%
2013 -0.27% -0.72%
2012 3.68% -0.5%
2011 7.2% -0.66%
2010 2.98% -0.84%
2009 -6.8% -3.3%
2008 -3.8% -4.39%
2007 3.85% -2.41%
2006 8.42% -4.91%
2005 6.4% -2.44%
2004 1.03% -2.45%
2003 -4.1% -2.76%
2002 -2.24% -2.88%
2001 2.8% 0.02%
2000 2.02% 5.42%
1999 -8.1% -0.51%
1998 -5.1% -5.03%
1997 -0.23% -1.81%
1996 4.49% -0.75%
1995 - -2.63%
1994 - -3.36%
1993 - -5.15%
1992 - -0.86%
1991 - -1.64%
1990 - -1.73%
1989 - -4.45%
1988 - -10.3%
1987 - -6.84%
1986 - -7.84%
1985 - -3.74%
1984 - -4.02%
1983 - -6.15%
1982 - -5.55%
1981 - -10.7%
1980 - -14.2%
1979 - -
1978 - -
1977 - -
1976 - -
1975 - -
1974 - -
1973 - -
1972 - -
1971 - -
1970 - -
1969 - -
1968 - -4.57%
1967 - -4%
1966 - -2.63%
1965 - -1.23%
1964 - -0.04%
1963 - 0.26%
1962 - -1.39%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1989, retrieved 2026-02-20).

GeoRank.org/economy/angola/iran | 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 Iran's deficit of $18.2B, or 3.83% of GDP.

Over the past 29 years, Angola recorded a fiscal deficit in 15 of those years, while Iran ran a deficit in 27 years. On average, Angola posted an annual deficit equal to 0.1% of GDP, compared to deficit of 2.04% of GDP for Iran.

Inflation comparison by year

Inflation
Angola

Iran
1x
Year Consumer prices inflation
Angola Iran
2024 28.2% 32.5%
2023 13.6% 44.6%
2022 21.4% 43.5%
2021 25.8% 43.4%
2020 22.3% 30.6%
2019 17.1% 39.9%
2018 19.6% 18%
2017 29.8% 8.04%
2016 30.7% 7.25%
2015 9.2% 12.5%
2014 7.3% 16.6%
2013 8.8% 36.6%
2012 10.3% 27.3%
2011 13.5% 26.3%
2010 14.5% 10.1%
2009 13.7% 13.6%
2008 12.5% 25.4%
2007 12.2% 17.3%
2006 13.3% 10%
2005 23% 13.4%
2004 43.5% 14.8%
2003 98.2% 16.5%
2002 108.9% 14.3%
2001 152.6% 11.3%
2000 325% 14.5%
1999 248.2% 20.1%
1998 107.4% 17.9%
1997 221.5% 17.3%

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/iran | CC BY

Over the past 28 years, Angola has recorded an average annual inflation rate of 59%, compared with 21.6% in Iran. In 2024, inflation was 28.2% in Angola and 32.5% in Iran.

Top exports between countries

Angola
Export category Export value
Iran
Export category Export value
Raw materials & minerals $7.84M
Metals $1.29M
Chemicals & pharma $97K
Machinery & equipment $16K
Processed food, beverages & tobacco $9K
Raw agricultural goods $5K

Balance of trade

Angola Iran
Current account balance
$6.31B
2024
$12.5B
2000
Current account balance ranking
30/190
2024
22/190
2000
Current account balance, % of GDP
+6.25%
2024
+11.4%
2000
Goods imports
$14.2B
2024
$15.2B
2000
Goods exports
$36.8B
2024
$28.3B
2000
Service imports
$8.49B
2024
$2.3B
2000
Service exports
$129M
2024
$1.38B
2000
Imports of goods and services, % of GDP
19.4%
2024
28.5%
2024
Exports of goods and services, % of GDP
31.5%
2024
23.6%
2024

Economic freedom indices

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

Angola Iran
Economic freedom 54.4 41.8
Economic freedom ranking 133/197 185/197
Property rights 36.9 20.2
Government integrity 28.3 16.2
Judicial effectiveness 26.3 18.7
Tax burden 86.9 81.3
Government spending 89.3 94.7
Fiscal health 91.9 83.3
Business freedom 42.8 37.4
Labor freedom 50.8 41.8
Monetary freedom 59 42.2
Trade freedom 70.4 55.8
Investment freedom 30 5
Financial freedom 40 5

Economic freedom comparison by year

Angola
Iran
1x
Year Economic freedom index
Angola Iran
2026 54.4 41.8
2025 55 42.5
2024 54.3 41.2
2023 53 42.2
2022 52.6 42.4
2021 54.2 47.2
2020 52.2 49.2
2019 50.6 51.1
2018 48.6 50.9
2017 48.5 50.5
2016 48.9 43.5
2015 47.9 41.8
2014 47.7 40.3
2013 47.3 43.2
2012 46.7 42.3
2011 46.2 42.1
2010 48.4 43.4
2009 47 44.6
2008 46.9 45
2007 44.7 45
2006 43.5 45
2005 - 50.5
2004 - 42.8
2003 - 43.2
2002 - 36.4
2001 - 35.9
2000 24.3 36.1
1999 23.7 36.8
1998 24.9 36
1997 24.2 34.5
1996 24.4 36.1
1995 27.4 -

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

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

The Economic Freedom Index for Angola is 54.4, ranking 133/197, compared to 41.8 for Iran, ranking 185/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Angola Iran
Services, % of GDP
41.1%
2024
49.8%
2024
Industry, % of GDP
34.6%
2024
36.1%
2024
Agriculture, forestry, and fishing, % of GDP
22.1%
2024
10.8%
2024
GNI, Atlas method
$108B
2024
$469B
2024
GNI per capita, PPP
$9,460
2024
$19,820
2024
Total reserves including gold
$14.2B
2024
$7.69B
1982
Total reserves ranking
69/177
2024
85/177
1982
Net foreign direct investment
$1.14B
2024
-$39M
2000
Net inflows of foreign direct investment
-$1.11B
2024
$1.45B
2024
Net outflows of foreign direct investment
$33.1M
2024
$89.4M
2024
Servicing debt to the IMF, % of GNI
11.5%
2024
0.08%
2024
Poverty at national poverty lines
36.6%
2020
18.7%
2020
Gross capital formation, % of GDP
10.4%
2024
44.3%
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/iran | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1962–1999, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2020–2023, retrieved 2026-02-08)
  7. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)
  8. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  9. LivingCost (2026, retrieved 2025-10-14)

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.