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Economy of Angola vs Israel compared: GDP & Debt

Updated on by Georank team

Angola has a GDP of $101B compared to $540B for Israel, ranking 71/197 and 29/197 by economy size, respectively.

Angola has $60.5B in government debt (59.9% of GDP), compared to $366B (67.6% of GDP) in Israel.

Angola vs Israel GDP by year

Angola
Israel
1x
Year GDP, current $
Angola Israel
2024 $100,998,916,781 $540,379,921,262
2023 $107,167,747,140 $512,184,638,999
2022 $131,212,208,930 $525,181,008,026
2021 $79,559,543,805 $489,851,549,972
2020 $58,852,456,454 $410,768,352,658
2019 $80,734,428,593 $400,645,216,359
2018 $89,512,794,227 $376,299,083,108
2017 $84,376,935,689 $358,451,839,053
2016 $59,878,249,719 $321,940,971,558
2015 $102,543,067,841 $303,469,434,072
2014 $153,449,860,496 $315,017,088,117
2013 $148,845,200,697 $298,478,070,673
2012 $143,572,907,528 $263,589,172,712
2011 $125,551,634,704 $268,094,998,225
2010 $95,546,919,755 $239,679,036,634
2009 $81,705,175,408 $213,403,181,853
2008 $98,790,432,989 $221,231,658,863
2007 $73,037,821,927 $184,681,214,673
2006 $58,653,659,980 $158,900,547,825
2005 $41,396,636,383 $147,519,922,009
2004 $26,997,977,897 $140,047,984,605
2003 $20,342,128,112 $131,408,914,824
2002 $17,311,512,432 $125,332,331,884
2001 $8,936,079,118 $135,002,039,613
2000 $9,129,594,970 $136,512,300,542
1999 $6,152,923,310 $121,417,185,062
1998 $6,506,221,616 $120,547,409,279
1997 $7,648,380,196 $119,459,826,347
1996 $7,526,421,519 $115,116,595,545
1995 $5,538,749,260 $105,497,418,059
1994 $4,438,321,017 $90,740,103,829
1993 $5,768,720,422 $79,855,877,174
1992 $8,307,810,974 $79,457,685,757
1991 $10,603,784,541 $70,998,755,007
1990 $11,229,515,599 $62,016,729,541
1989 $10,201,780,977 $52,443,479,454
1988 $8,769,836,769 $52,650,948,910
1987 $8,084,412,414 $43,049,543,635
1986 $7,072,536,109 $35,834,154,874
1985 $7,554,065,410 $28,905,736,367
1984 $6,131,475,065 $30,645,607,293
1983 $5,784,341,596 $32,675,755,462
1982 $5,550,483,036 $29,255,285,401
1981 $5,550,483,036 $26,882,009,819
1980 $5,930,503,401 $25,395,256,478
1979 - $22,609,741,060
1978 - $17,701,286,907
1977 - $18,257,113,904
1976 - $15,956,349,550
1975 - $16,141,767,373
1974 - $17,172,607,138
1973 - $11,902,574,259
1972 - $9,222,557,539
1971 - $7,052,544,000
1970 - $7,406,712,876
1969 - $6,297,852,761
1968 - $5,458,427,928
1967 - $4,762,386,783
1966 - $4,703,300,098
1965 - $4,329,084,429
1964 - $4,024,344,853
1963 - $3,535,949,089
1962 - $2,966,154,031
1961 - $3,708,586,471
1960 - $3,070,585,807

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

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

GDP per capita in Angola vs Israel by year

Angola
GDP per capita

GDP per capita, PPP
Israel
GDP per capita

GDP per capita, PPP
1x
Year Current $
Angola Israel
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,666 $10,119 $54,177 $57,236
2023 $2,916 $9,754 $52,004 $55,171
2022 $3,682 $9,588 $54,950 $53,619
2021 $2,304 $8,862 $52,271 $46,162
2020 $1,759 $7,827 $44,576 $40,955
2019 $2,494 $8,573 $44,251 $41,325
2018 $2,860 $8,278 $42,363 $40,190
2017 $2,791 $8,007 $41,138 $39,471
2016 $2,052 $7,767 $37,672 $38,189
2015 $3,642 $8,067 $36,213 $35,871
2014 $5,650 $9,018 $38,343 $34,816
2013 $5,689 $8,504 $37,034 $34,827
2012 $5,702 $8,246 $33,321 $32,484
2011 $5,184 $7,538 $34,523 $31,314
2010 $4,102 $7,412 $31,439 $29,456
2009 $3,645 $7,228 $28,508 $28,087
2008 $4,578 $7,316 $30,269 $28,084
2007 $3,515 $6,728 $25,721 $28,307
2006 $2,930 $6,018 $22,527 $26,385
2005 $2,146 $5,416 $21,287 $25,701
2004 $1,451 $4,771 $20,568 $26,078
2003 $1,134 $4,322 $19,643 $24,702
2002 $999 $4,241 $19,076 $26,101
2001 $534 $3,802 $20,966 $25,806
2000 $564 $3,690 $21,707 $25,766
1999 $393 $3,619 $19,823 $23,415
1998 $429 $3,609 $20,189 $22,927
1997 $522 $3,525 $20,469 $22,279
1996 $531 $3,342 $20,224 $21,672
1995 $404 $2,990 $19,026 $20,642
1994 $335 $2,633 $16,807 $19,478
1993 $450 $2,628 $15,179 $18,218
1992 $669 $3,486 $15,510 $17,553
1991 $882 $3,740 $14,346 $16,486
1990 $966 $3,705 $13,308 $15,721
1989 $908 - $11,608 -
1988 $807 - $11,853 -
1987 $770 - $9,853 -
1986 $698 - $8,335 -
1985 $772 - $6,829 -
1984 $650 - $7,369 -
1983 $637 - $7,960 -
1982 $634 - $7,258 -
1981 $658 - $6,795 -
1980 $729 - $6,549 -
1979 - - $5,972 -
1978 - - $4,797 -
1977 - - $5,053 -
1976 - - $4,516 -
1975 - - $4,672 -
1974 - - $5,085 -
1973 - - $3,631 -
1972 - - $2,930 -
1971 - - $2,298 -
1970 - - $2,490 -
1969 - - $2,189 -
1968 - - $1,947 -
1967 - - $1,735 -
1966 - - $1,789 -
1965 - - $1,689 -
1964 - - $1,626 -
1963 - - $1,486 -
1962 - - $1,294 -
1961 - - $1,697 -
1960 - - $1,452 -

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

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

Angola's GDP per capita is $2,666, ranking 144/197, compared to $54,177 in Israel, ranking 21/197. Adjusted for purchasing power (GDP per capita PPP), Angola ranks 133rd at $10,119, while Israel ranks 36th at $57,236.

Economic indicators

Angola Israel
Gross domestic product
$101B
2024
$540B
2024
GDP rank
71/197
2024
29/197
2024
GDP growth
4.42%
2023-2024
0.87%
2023-2024
GDP per capita
$2,666
2024
$54,177
2024
GDP per capita rank
144/197
2024
21/197
2024
GDP per capita, PPP
$10,119
2024
$57,236
2024
GDP per capita PPP rank
133/197
2024
36/197
2024
Government debt
$60.5B
2024
$366B
2024
Debt-to-GDP ratio
59.9%
2024
67.6%
2024
Government debt per person
$1,597
2024
$36,645
2024
Government debt per person rank
127/185
2024
18/185
2024
Average annual personal income after taxes
$28,080
2026
$43,003
2026
Market capitalization of domestic companies n/a
$331B
2024
Number of millionaires n/a
179,905
2025
Number of billionaires n/a
41
2025
Income share by richest 10%
39.6%
2018
26.6%
2021
Income share by poorest 10%
1.3%
2018
2%
2021
Government expenditure, % of GDP
18.4%
2024
43.8%
2024
Consumer prices inflation
28.2%
2023-2024
3.07%
2023-2024
Central bank interest rate
18%
2023
4.5%
2024
Unemployment rate
14.1%
2022
2.9%
2024
Population
40555924
10290887

Spending and national debt comparison by year

Angola
Spending

Debt
Israel
Spending

Debt
1x
Year % of GDP
Angola Israel
Government spending Government debt Government spending Government debt
2024 18.4% 59.9% 43.8% 67.6%
2023 18.8% 72.4% 39.3% 61.3%
2022 19.5% 56.1% 36.9% 60.3%
2021 17.3% 74.3% 40% 67.7%
2020 20% 119.1% 44.8% 71.1%
2019 18.2% 101.4% 38.7% 59.3%
2018 18.3% 82.5% 39.2% 60.1%
2017 21% 60.5% 38.3% 59.8%
2016 19.4% 66.7% 37.9% 61.7%
2015 23.9% 50.4% 37.6% 62.8%
2014 32.3% 35.3% 38.3% 64.9%
2013 32.9% 29.5% 39.7% 66%
2012 33.2% 23.8% 39.6% 66.9%
2011 33.3% 26.3% 39.3% 67.2%
2010 34.6% 32.6% 39.7% 69%
2009 38.7% 48.4% 41.4% 72.6%
2008 47.2% 28.1% 41.2% 70.2%
2007 34.1% 18.8% 40.2% 70.8%
2006 27.3% 16.7% 41.6% 77.7%
2005 23.7% 29.9% 42.3% 85.2%
2004 26% 41.6% 43% 88.3%
2003 30.1% 50.8% 45.4% 89.7%
2002 27.6% 65.1% 50% 87.2%
2001 30.3% 100.2% 46.1% 81.1%
2000 35.8% 118.2% 43.4% 77.2%
1999 39.4% 104.8% 53.6% 94.8%
1998 26.1% 96.3% 55% 101%
1997 26.8% 73.5% 52.6% 99.3%
1996 25.2% 92% 53.2% 100.3%
1995 - - 52.8% 102.3%
1994 - - 41.7% 110.2%
1993 - - 42.2% 118.3%
1992 - - 44.1% 119.6%
1991 - - 34.4% 123.7%
1990 - - 46.8% 138.3%
1989 - - 47.5% 147.4%
1988 - - 46.5% 145.4%
1987 - - 52.8% 143.2%
1986 - - 55.7% 162.5%
1985 - - 65.2% 199%
1984 - - - 284%
1983 - - - 260.5%
1982 - - 69.7% -
1981 - - 71.8% -
1980 - - 69.4% 154.3%
1979 - - 70.1% 155.5%
1978 - - 62.2% 133.6%
1977 - - 69.1% 142%
1976 - - 66.3% 97.4%
1975 - - 62% 85.1%
1974 - - - 79.8%
1973 - - - 62.1%
1972 - - - 63.9%
1971 - - - -
1970 - - 41.6% -
1969 - - 41.1% -
1968 - - 39.4% -
1967 - - 33.9% -
1966 - - 29.6% -
1965 - - 27.8% -
1964 - - 28.2% -
1963 - - 26.9% -
1962 - - 27.7% -
1961 - - 30.3% -
1960 - - 30.4% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1996–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

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

In 2024, Angola's government spending was $18.6B, accounting for 18.4% of its GDP, while Israel spent $237B, or 43.8% of GDP.

Debt-to-GDP ratio is 59.9% in Angola and 67.6% in Israel, ranking 78/185 and 62/185, respectively.

Government deficit by year

Deficit/surplus
Angola

Israel
1x
Year Deficit/surplus, % of GDP
Angola Israel
2024 -1.01% -8.26%
2023 -1.83% -5.06%
2022 0.58% 0.32%
2021 3.4% -3.37%
2020 -1.66% -10.7%
2019 0.69% -3.79%
2018 2.03% -3.56%
2017 -5.75% -1.13%
2016 -3.98% -1.79%
2015 -2.57% -1.21%
2014 -5.07% -2.29%
2013 -0.27% -4.06%
2012 3.68% -4.46%
2011 7.2% -3.43%
2010 2.98% -3.72%
2009 -6.8% -6.53%
2008 -3.8% -3.5%
2007 3.85% -0.43%
2006 8.42% -0.95%
2005 6.4% -2.74%
2004 1.03% -3.4%
2003 -4.1% -5.03%
2002 -2.24% -8.22%
2001 2.8% -4.06%
2000 2.02% -0.8%
1999 -8.1% -6.26%
1998 -5.1% -7.99%
1997 -0.23% -4.84%
1996 4.49% -5.97%
1995 - -4.28%
1994 - -5.62%
1993 - -5.62%
1992 - -8%
1991 - -7.04%
1990 - -9.67%
1989 - -9.03%
1988 - -7.57%
1987 - -7.47%
1986 - -7.51%
1985 - -14.2%
1984 - -
1983 - -
1982 - -13.8%
1981 - -23.5%
1980 - -19.6%
1979 - -16.7%
1978 - -14.7%
1977 - -20.3%
1976 - -19.4%
1975 - -19.6%
1974 - -
1973 - -
1972 - -
1971 - -
1970 - -16%
1969 - -15.3%
1968 - -11.7%
1967 - -7.68%
1966 - -4.35%
1965 - -2.72%
1964 - -3.65%
1963 - -4.41%
1962 - -4.09%
1961 - -5.86%
1960 - -6.62%
1959 - -7.23%
1958 - -8.31%
1957 - -7.17%
1956 - -9.3%
1955 - -4.3%
1954 - -7.84%
1953 - -8.32%
1952 - -7.19%
1951 - -8.13%
1950 - -10.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1996–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-02-20).

GeoRank.org/economy/angola/israel | 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 Israel's deficit of $44.6B, or 8.26% of GDP.

Over the past 29 years, Angola recorded a fiscal deficit in 15 of those years, while Israel ran a deficit in 28 years. On average, Angola posted an annual deficit equal to 0.1% of GDP, compared to deficit of 4.04% of GDP for Israel.

Inflation comparison by year

Inflation
Angola

Israel
1x
Year Consumer prices inflation
Angola Israel
2024 28.2% 3.07%
2023 13.6% 4.23%
2022 21.4% 4.41%
2021 25.8% 1.48%
2020 22.3% -0.58%
2019 17.1% 0.82%
2018 19.6% 0.81%
2017 29.8% 0.25%
2016 30.7% -0.54%
2015 9.2% -0.62%
2014 7.3% 0.47%
2013 8.8% 1.59%
2012 10.3% 1.68%
2011 13.5% 3.49%
2010 14.5% 2.7%
2009 13.7% 3.37%
2008 12.5% 4.53%
2007 12.2% 0.47%
2006 13.3% 2.05%
2005 23% 1.34%
2004 43.5% -0.42%
2003 98.2% 0.71%
2002 108.9% 5.8%
2001 152.6% 1.12%
2000 325% 1.03%
1999 248.2% 5.19%
1998 107.4% 5.49%
1997 221.5% 8.95%

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/israel | CC BY

Over the past 28 years, Angola has recorded an average annual inflation rate of 59%, compared with 2.25% in Israel. In 2024, inflation was 28.2% in Angola and 3.07% in Israel.

Top exports between countries

Angola
Export category Export value
Raw materials & minerals $78.2M
Precious metals & jewellery $12.5M
Machinery & equipment $23K
Textiles & consumer goods $3K
Wood & paper products $3K
Israel
Export category Export value
Machinery & equipment $7.07M
Metals $2.66M
Textiles & consumer goods $2.29M
Chemicals & pharma $306K
Raw agricultural goods $89K
Processed food, beverages & tobacco $83K
Raw materials & minerals $75K
Animal & marine products $52K
Wood & paper products $51K
Precious metals & jewellery $34K

Balance of trade

Angola Israel
Current account balance
$6.31B
2024
$15.5B
2024
Current account balance ranking
30/190
2024
21/190
2024
Current account balance, % of GDP
+6.25%
2024
+2.86%
2024
Goods imports
$14.2B
2024
$96.3B
2024
Goods exports
$36.8B
2024
$70B
2024
Service imports
$8.49B
2024
$44.4B
2024
Service exports
$129M
2024
$83.7B
2024
Imports of goods and services, % of GDP
19.4%
2024
26%
2024
Exports of goods and services, % of GDP
31.5%
2024
28.4%
2024

Economic freedom indices

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

Angola Israel
Economic freedom 54.4 68.4
Economic freedom ranking 133/197 47/197
Property rights 36.9 73.1
Government integrity 28.3 66.2
Judicial effectiveness 26.3 68.1
Tax burden 86.9 60.2
Government spending 89.3 52
Fiscal health 91.9 60.8
Business freedom 42.8 72.4
Labor freedom 50.8 56.8
Monetary freedom 59 78.2
Trade freedom 70.4 82.8
Investment freedom 30 70
Financial freedom 40 80

Economic freedom comparison by year

Angola
Israel
1x
Year Economic freedom index
Angola Israel
2026 54.4 68.4
2025 55 69.9
2024 54.3 70.1
2023 53 68.9
2022 52.6 68
2021 54.2 73.8
2020 52.2 74
2019 50.6 72.8
2018 48.6 72.2
2017 48.5 69.7
2016 48.9 70.7
2015 47.9 70.5
2014 47.7 68.4
2013 47.3 66.9
2012 46.7 67.8
2011 46.2 68.5
2010 48.4 67.7
2009 47 67.6
2008 46.9 66.3
2007 44.7 64.8
2006 43.5 64.4
2005 - 62.6
2004 - 61.4
2003 - 62.7
2002 - 66.9
2001 - 66.1
2000 24.3 65.5
1999 23.7 68.3
1998 24.9 68
1997 24.2 62.7
1996 24.4 62
1995 27.4 61.5

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

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

The Economic Freedom Index for Angola is 54.4, ranking 133/197, compared to 68.4 for Israel, ranking 47/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Angola Israel
Services, % of GDP
41.1%
2024
72.5%
2024
Industry, % of GDP
34.6%
2024
17.3%
2024
Agriculture, forestry, and fishing, % of GDP
22.1%
2024
1.28%
2024
GNI, Atlas method
$108B
2024
$528B
2024
GNI per capita, PPP
$9,460
2024
$56,790
2024
Total reserves including gold
$14.2B
2024
$215B
2024
Total reserves ranking
69/177
2024
18/177
2024
Net foreign direct investment
$1.14B
2024
-$4.86B
2024
Net inflows of foreign direct investment
-$1.11B
2024
$14.8B
2024
Net outflows of foreign direct investment
$33.1M
2024
$9.92B
2024
Servicing debt to the IMF, % of GNI
11.5%
2024
n/a
Poverty at national poverty lines
36.6%
2020
22%
2020
Gross capital formation, % of GDP
10.4%
2024
23.4%
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/israel | 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 (1996–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, 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 (2022–2024, 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.