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Economy of Angola vs Ivory Coast compared: GDP & Debt

Updated on by Georank team

Angola has a GDP of $101B compared to $87.1B for Ivory Coast, ranking 71/197 and 77/197 by economy size, respectively.

Angola has $60.5B in government debt (59.9% of GDP), compared to $51.6B (59.3% of GDP) in Ivory Coast.

Angola vs Ivory Coast GDP by year

Angola
Ivory Coast
1x
Year GDP, current $
Angola Ivory Coast
2024 $100,998,916,781 $87,113,179,149
2023 $107,167,747,140 $80,780,312,569
2022 $131,212,208,930 $70,922,824,814
2021 $79,559,543,805 $72,794,636,654
2020 $58,852,456,454 $63,027,852,805
2019 $80,734,428,593 $60,382,894,697
2018 $89,512,794,227 $58,522,477,787
2017 $84,376,935,689 $52,512,343,997
2016 $59,878,249,719 $48,407,761,037
2015 $102,543,067,841 $45,815,005,169
2014 $153,449,860,496 $48,843,005,614
2013 $148,845,200,697 $42,760,235,485
2012 $143,572,907,528 $36,302,302,877
2011 $125,551,634,704 $36,693,710,801
2010 $95,546,919,755 $34,936,307,980
2009 $81,705,175,408 $33,886,813,250
2008 $98,790,432,989 $34,078,240,293
2007 $73,037,821,927 $28,760,090,953
2006 $58,653,659,980 $25,281,413,263
2005 $41,396,636,383 $24,036,918,703
2004 $26,997,977,897 $23,510,575,681
2003 $20,342,128,112 $21,251,754,340
2002 $17,311,512,432 $18,054,383,321
2001 $8,936,079,118 $16,810,537,044
2000 $9,129,594,970 $16,577,533,892
1999 $6,152,923,310 $18,870,992,456
1998 $6,506,221,616 $19,619,654,756
1997 $7,648,380,196 $18,047,558,038
1996 $7,526,421,519 $18,071,152,831
1995 $5,538,749,260 $11,000,146,267
1994 $4,438,321,017 $8,313,557,510
1993 $5,768,720,422 $11,045,760,288
1992 $8,307,810,974 $11,152,971,274
1991 $10,603,784,541 $10,492,628,581
1990 $11,229,515,599 $10,795,850,583
1989 $10,201,780,977 $9,757,410,645
1988 $8,769,836,769 $10,255,169,806
1987 $8,084,412,414 $10,087,654,465
1986 $7,072,536,109 $9,158,302,100
1985 $7,554,065,410 $6,977,650,644
1984 $6,131,475,065 $6,841,639,247
1983 $5,784,341,596 $6,838,184,773
1982 $5,550,483,036 $7,567,110,849
1981 $5,550,483,036 $8,432,589,942
1980 $5,930,503,401 $10,175,617,609
1979 - $9,142,933,967
1978 - $7,900,526,298
1977 - $6,265,068,189
1976 - $4,662,053,825
1975 - $3,893,839,190
1974 - $3,070,152,309
1973 - $2,508,421,426
1972 - $1,849,400,402
1971 - $1,584,128,509
1970 - $1,455,482,795
1969 - $1,361,360,293
1968 - $1,281,281,277
1967 - $1,082,922,725
1966 - $1,024,102,880
1965 - $919,771,229
1964 - $921,063,327
1963 - $761,047,198
1962 - $645,284,474
1961 - $618,245,634
1960 - $546,203,559

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

GeoRank.org/economy/angola/ivory-coast | CC BY

GDP per capita in Angola vs Ivory Coast by year

Angola
GDP per capita

GDP per capita, PPP
Ivory Coast
GDP per capita

GDP per capita, PPP
1x
Year Current $
Angola Ivory Coast
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,666 $10,119 $2,728 $7,669
2023 $2,916 $9,754 $2,592 $7,237
2022 $3,682 $9,588 $2,333 $6,719
2021 $2,304 $8,862 $2,456 $6,045
2020 $1,759 $7,827 $2,180 $5,544
2019 $2,494 $8,573 $2,142 $5,516
2018 $2,860 $8,278 $2,131 $4,946
2017 $2,791 $8,007 $1,964 $4,690
2016 $2,052 $7,767 $1,863 $4,531
2015 $3,642 $8,067 $1,815 $4,404
2014 $5,650 $9,018 $1,991 $4,074
2013 $5,689 $8,504 $1,786 $3,619
2012 $5,702 $8,246 $1,547 $3,291
2011 $5,184 $7,538 $1,597 $3,176
2010 $4,102 $7,412 $1,554 $3,361
2009 $3,645 $7,228 $1,540 $3,177
2008 $4,578 $7,316 $1,584 $3,116
2007 $3,515 $6,728 $1,368 $2,985
2006 $2,930 $6,018 $1,230 $2,942
2005 $2,146 $5,416 $1,198 $2,842
2004 $1,451 $4,771 $1,200 $2,794
2003 $1,134 $4,322 $1,111 $2,702
2002 $999 $4,241 $968 $2,851
2001 $534 $3,802 $925 $2,962
2000 $564 $3,690 $937 $3,041
1999 $393 $3,619 $1,096 $3,065
1998 $429 $3,609 $1,177 $3,086
1997 $522 $3,525 $1,125 $3,040
1996 $531 $3,342 $1,170 $2,832
1995 $404 $2,990 $740 $2,683
1994 $335 $2,633 $582 $2,551
1993 $450 $2,628 $804 $2,577
1992 $669 $3,486 $845 $2,625
1991 $882 $3,740 $827 $2,677
1990 $966 $3,705 $886 $2,693
1989 $908 - $833 -
1988 $807 - $910 -
1987 $770 - $930 -
1986 $698 - $877 -
1985 $772 - $695 -
1984 $650 - $709 -
1983 $637 - $737 -
1982 $634 - $849 -
1981 $658 - $986 -
1980 $729 - $1,238 -
1979 - - $1,157 -
1978 - - $1,039 -
1977 - - $856 -
1976 - - $661 -
1975 - - $575 -
1974 - - $474 -
1973 - - $406 -
1972 - - $313 -
1971 - - $280.3 -
1970 - - $269 -
1969 - - $262.2 -
1968 - - $256.8 -
1967 - - $225.6 -
1966 - - $221.8 -
1965 - - $207 -
1964 - - $215.5 -
1963 - - $185.1 -
1962 - - $163.1 -
1961 - - $162.3 -
1960 - - $148.7 -

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

GeoRank.org/economy/angola/ivory-coast | CC BY

Angola's GDP per capita is $2,666, ranking 144/197, compared to $2,728 in Ivory Coast, ranking 142/197. Adjusted for purchasing power (GDP per capita PPP), Angola ranks 133rd at $10,119, while Ivory Coast ranks 145th at $7,669.

Economic indicators

Angola Ivory Coast
Gross domestic product
$101B
2024
$87.1B
2024
GDP rank
71/197
2024
77/197
2024
GDP growth
4.42%
2023-2024
6.02%
2023-2024
GDP per capita
$2,666
2024
$2,728
2024
GDP per capita rank
144/197
2024
142/197
2024
GDP per capita, PPP
$10,119
2024
$7,669
2024
GDP per capita PPP rank
133/197
2024
145/197
2024
Government debt
$60.5B
2024
$51.6B
2024
Debt-to-GDP ratio
59.9%
2024
59.3%
2024
Government debt per person
$1,597
2024
$1,616
2024
Government debt per person rank
127/185
2024
125/185
2024
Average annual personal income after taxes
$28,080
2026
$2,733
2026
Market capitalization of domestic companies n/a
$7.33B
2020
Income share by richest 10%
39.6%
2018
27.8%
2021
Income share by poorest 10%
1.3%
2018
3.1%
2021
Government expenditure, % of GDP
18.4%
2024
20.4%
2024
Consumer prices inflation
28.2%
2023-2024
3.45%
2023-2024
Central bank interest rate
18%
2023
n/a
Unemployment rate
14.1%
2022
2.31%
2022
Population
40555924
33722528

Spending and national debt comparison by year

Angola
Spending

Debt
Ivory Coast
Spending

Debt
1x
Year % of GDP
Angola Ivory Coast
Government spending Government debt Government spending Government debt
2024 18.4% 59.9% 20.4% 59.3%
2023 18.8% 72.4% 21.3% 57.5%
2022 19.5% 56.1% 21.9% 56%
2021 17.3% 74.3% 20.5% 50.2%
2020 20% 119.1% 20.4% 46.3%
2019 18.2% 101.4% 17.2% 37.2%
2018 18.3% 82.5% 17.6% 35.3%
2017 21% 60.5% 18.1% 32.6%
2016 19.4% 66.7% 17.6% 31.1%
2015 23.9% 50.4% 16.5% 29.2%
2014 32.3% 35.3% 15.2% 26.7%
2013 32.9% 29.5% 15.9% 24.6%
2012 33.2% 23.8% 16.1% 24.7%
2011 33.3% 26.3% 13.2% 50%
2010 34.6% 32.6% 14.5% 45.6%
2009 38.7% 48.4% 14.4% 46.5%
2008 47.2% 28.1% 14.6% 51.2%
2007 34.1% 18.8% 14.8% 53.5%
2006 27.3% 16.7% 14.5% 57.5%
2005 23.7% 29.9% 13.6% 58.2%
2004 26% 41.6% 13.5% 56.7%
2003 30.1% 50.8% 12.7% 56.4%
2002 27.6% 65.1% 13.1% 63%
2001 30.3% 100.2% 11.4% 71.2%
2000 35.8% 118.2% 12.9% 74%
1999 39.4% 104.8% 13.7% 78%
1998 26.1% 96.3% 14.6% 75.2%
1997 26.8% 73.5% 15.2% 84.2%
1996 25.2% 92% - -

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

GeoRank.org/economy/angola/ivory-coast | CC BY

In 2024, Angola's government spending was $18.6B, accounting for 18.4% of its GDP, while Ivory Coast spent $17.7B, or 20.4% of GDP.

Debt-to-GDP ratio is 59.9% in Angola and 59.3% in Ivory Coast, ranking 78/185 and 82/185, respectively.

Government deficit by year

Deficit/surplus
Angola

Ivory Coast
1x
Year Deficit/surplus, % of GDP
Angola Ivory Coast
2024 -1.01% -3.97%
2023 -1.83% -5.19%
2022 0.58% -6.74%
2021 3.4% -4.86%
2020 -1.66% -5.42%
2019 0.69% -2.22%
2018 2.03% -2.9%
2017 -5.75% -3.27%
2016 -3.98% -2.98%
2015 -2.57% -2.04%
2014 -5.07% -1.57%
2013 -0.27% -1.62%
2012 3.68% -2.28%
2011 7.2% -2.89%
2010 2.98% -1.34%
2009 -6.8% -1%
2008 -3.8% -0.21%
2007 3.85% -0.39%
2006 8.42% -1.03%
2005 6.4% -1.03%
2004 1.03% -1.04%
2003 -4.1% -1.26%
2002 -2.24% -0.64%
2001 2.8% 0.7%
2000 2.02% -0.83%
1999 -8.1% -1.27%
1998 -5.1% -0.7%
1997 -0.23% -0.75%
1996 4.49% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1996–2024, retrieved 2026-02-20).

GeoRank.org/economy/angola/ivory-coast | 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 Ivory Coast's deficit of $3.45B, or 3.97% of GDP.

Over the past 28 years, Angola recorded a fiscal deficit in 15 of those years, while Ivory Coast ran a deficit in 27 years. On average, Angola posted an annual deficit equal to 0.26% of GDP, compared to deficit of 2.1% of GDP for Ivory Coast.

Inflation comparison by year

Inflation
Angola

Ivory Coast
1x
Year Consumer prices inflation
Angola Ivory Coast
2024 28.2% 3.45%
2023 13.6% 4.37%
2022 21.4% 5.23%
2021 25.8% 4.16%
2020 22.3% 2.41%
2019 17.1% 0.79%
2018 19.6% 0.4%
2017 29.8% 0.69%
2016 30.7% 0.72%
2015 9.2% 1.25%
2014 7.3% 0.45%
2013 8.8% 2.58%
2012 10.3% 1.3%
2011 13.5% 4.91%
2010 14.5% 1.23%
2009 13.7% 1.02%
2008 12.5% 6.31%
2007 12.2% 1.89%
2006 13.3% 2.47%
2005 23% 3.89%
2004 43.5% 1.46%
2003 98.2% 3.3%
2002 108.9% 3.08%
2001 152.6% 4.36%
2000 325% 2.53%
1999 248.2% 0.7%
1998 107.4% 4.61%
1997 221.5% 4.02%

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/ivory-coast | CC BY

Over the past 28 years, Angola has recorded an average annual inflation rate of 59%, compared with 2.63% in Ivory Coast. In 2024, inflation was 28.2% in Angola and 3.45% in Ivory Coast.

Top exports between countries

Angola
Export category Export value
Machinery & equipment $29.9M
Animal & marine products $1.42M
Textiles & consumer goods $783K
Metals $547K
Chemicals & pharma $230K
Raw materials & minerals $167K
Wood & paper products $12K
Processed food, beverages & tobacco $11K
Precious metals & jewellery $3K
Ivory Coast
Export category Export value
Machinery & equipment $313M
Chemicals & pharma $6.91M
Raw materials & minerals $2.16M
Processed food, beverages & tobacco $2.04M
Metals $350K
Raw agricultural goods $241K
Textiles & consumer goods $120K
Wood & paper products $16K
Miscellaneous $9K
Precious metals & jewellery $2K

Balance of trade

Angola Ivory Coast
Current account balance
$6.31B
2024
-$9.21B
2023
Current account balance ranking
30/190
2024
175/190
2023
Current account balance, % of GDP
+6.25%
2024
-11.4%
2023
Goods imports
$14.2B
2024
$15.4B
2023
Goods exports
$36.8B
2024
$17.1B
2023
Service imports
$8.49B
2024
$8.78B
2023
Service exports
$129M
2024
$1.5B
2023
Imports of goods and services, % of GDP
19.4%
2024
25.2%
2024
Exports of goods and services, % of GDP
31.5%
2024
26%
2024

Economic freedom indices

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

Angola Ivory Coast
Economic freedom 54.4 58.1
Economic freedom ranking 133/197 111/197
Property rights 36.9 43.9
Government integrity 28.3 39.3
Judicial effectiveness 26.3 30.2
Tax burden 86.9 81.6
Government spending 89.3 86.6
Fiscal health 91.9 48
Business freedom 42.8 68.3
Labor freedom 50.8 57.1
Monetary freedom 59 67.6
Trade freedom 70.4 74.4
Investment freedom 30 50
Financial freedom 40 50

Economic freedom comparison by year

Angola
Ivory Coast
1x
Year Economic freedom index
Angola Ivory Coast
2026 54.4 58.1
2025 55 57.8
2024 54.3 58.4
2023 53 60.4
2022 52.6 61.6
2021 54.2 61.7
2020 52.2 59.7
2019 50.6 62.4
2018 48.6 62
2017 48.5 63
2016 48.9 60
2015 47.9 58.5
2014 47.7 57.7
2013 47.3 54.1
2012 46.7 54.3
2011 46.2 55.4
2010 48.4 54.1
2009 47 55
2008 46.9 53.9
2007 44.7 54.9
2006 43.5 56.2
2005 - 56.6
2004 - 57.8
2003 - 56.7
2002 - 57.3
2001 - 54.8
2000 24.3 50.2
1999 23.7 51.7
1998 24.9 51.3
1997 24.2 50.5
1996 24.4 49.9
1995 27.4 53.4

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

GeoRank.org/economy/angola/ivory-coast | CC BY

The Economic Freedom Index for Angola is 54.4, ranking 133/197, compared to 58.1 for Ivory Coast, ranking 111/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Angola Ivory Coast
Services, % of GDP
41.1%
2024
51.9%
2024
Industry, % of GDP
34.6%
2024
24%
2024
Agriculture, forestry, and fishing, % of GDP
22.1%
2024
15.9%
2024
GNI, Atlas method
$108B
2024
$80.9B
2024
GNI per capita, PPP
$9,460
2024
$7,360
2024
Total reserves including gold
$14.2B
2024
n/a
Total reserves ranking
69/177
2024
n/a
Net foreign direct investment
$1.14B
2024
-$2B
2023
Net inflows of foreign direct investment
-$1.11B
2024
$3.12B
2024
Net outflows of foreign direct investment
$33.1M
2024
$228M
2024
Servicing debt to the IMF, % of GNI
11.5%
2024
6.44%
2024
Poverty at national poverty lines
36.6%
2020
37.5%
2021
Gross capital formation, % of GDP
10.4%
2024
20.9%
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/ivory-coast | 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. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2023–2024, retrieved 2026-02-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1996–1999, retrieved 2026-02-20)
  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.