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Economy of Angola vs Kiribati compared: GDP & Debt

Updated on by Georank

Angola has a GDP of $122B compared to $349M for Kiribati, ranking 68/197 and 192/197 by economy size, respectively.

Angola has $62.7B in government debt (51.3% of GDP), compared to $27.8M (7.95% of GDP) in Kiribati.

Angola vs Kiribati GDP by year

Angola
Kiribati
1x
Year GDP, current $
Angola Kiribati
2025 $122,174,889,424 $349,227,254
2024 $103,080,538,044 $343,153,235
2023 $106,042,349,567 $291,657,338
2022 $128,233,959,333 $271,214,375
2021 $78,283,923,544 $285,451,584
2020 $58,512,033,806 $220,909,307
2019 $81,193,813,808 $216,891,541
2018 $90,506,061,877 $233,859,230
2017 $85,629,598,654 $223,029,865
2016 $60,770,049,747 $206,467,819
2015 $102,543,067,841 $191,559,399
2014 $153,449,860,496 $200,287,282
2013 $148,845,200,696 $201,730,861
2012 $143,572,907,528 $207,001,546
2011 $125,551,634,705 $195,970,140
2010 $95,546,919,754 $165,458,433
2009 $81,705,175,409 $140,177,384
2008 $98,790,432,989 $147,017,895
2007 $73,037,821,926 $138,054,946
2006 $58,653,659,980 $112,338,353
2005 $41,396,636,384 $113,895,437
2004 $26,997,977,896 $104,085,892
2003 $20,342,128,112 $96,105,619
2002 $17,311,512,433 $74,743,869
2001 $8,936,079,118 $64,935,850
2000 $9,129,594,970 $74,910,527
1999 $6,152,923,310 $77,323,978
1998 $6,506,221,616 $74,905,706
1997 $7,648,380,196 $80,205,807
1996 $7,526,421,519 $81,456,854
1995 $5,538,749,260 $68,596,395
1994 $4,438,321,017 $67,055,334
1993 $5,768,720,422 $58,953,596
1992 $8,307,810,974 $61,491,369
1991 $10,603,784,541 $41,247,792
1990 $11,229,515,599 $36,534,295
1989 $10,201,780,977 $37,645,319
1988 $8,769,836,769 $38,278,810
1987 $8,084,412,414 $29,554,413
1986 $7,072,536,109 $25,993,009
1985 $7,554,065,410 $26,126,615
1984 $6,131,475,065 $34,394,167
1983 $5,784,341,596 $31,000,546
1982 $5,550,483,036 $32,742,713
1981 $5,550,483,036 $35,267,489
1980 $5,930,503,401 $33,157,723
1979 - $34,466,197
1978 - $36,563,965
1977 - $31,335,459
1976 - $33,246,817
1975 - $44,547,454
1974 - $69,256,489
1973 - $25,645,040
1972 - $15,314,346
1971 - $12,356,134
1970 - $11,560,877

Data sources: World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08).

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

GDP per capita in Angola vs Kiribati by year

Angola
GDP per capita

GDP per capita, PPP
Kiribati
GDP per capita

GDP per capita, PPP
1x
Year Current $
Angola Kiribati
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $3,129 - $2,559 -
2024 $2,721 $10,119 $2,551 $3,702
2023 $2,886 $9,754 $2,201 $3,486
2022 $3,599 $9,588 $2,079 $3,329
2021 $2,267 $8,862 $2,224 $3,020
2020 $1,749 $7,827 $1,752 $2,711
2019 $2,508 $8,573 $1,750 $2,763
2018 $2,892 $8,278 $1,916 $2,672
2017 $2,832 $8,007 $1,854 $2,562
2016 $2,082 $7,767 $1,743 $2,463
2015 $3,642 $8,067 $1,640 $2,311
2014 $5,650 $9,018 $1,737 $2,084
2013 $5,689 $8,504 $1,772 $2,049
2012 $5,702 $8,246 $1,844 $1,896
2011 $5,184 $7,538 $1,771 $1,786
2010 $4,102 $7,412 $1,522 $1,724
2009 $3,645 $7,228 $1,317 $1,718
2008 $4,578 $7,316 $1,411 $1,735
2007 $3,515 $6,728 $1,353 $1,792
2006 $2,930 $6,018 $1,123 $1,728
2005 $2,146 $5,416 $1,162 $1,617
2004 $1,451 $4,771 $1,083 $1,579
2003 $1,134 $4,322 $1,021 $1,578
2002 $999 $4,241 $810 $1,605
2001 $534 $3,802 $719 $1,591
2000 $564 $3,690 $845 $1,638
1999 $393 $3,619 $887 $1,526
1998 $429 $3,609 $874 $1,593
1997 $522 $3,525 $953 $1,535
1996 $531 $3,342 $986 $1,519
1995 $404 $2,990 $844 $1,518
1994 $335 $2,633 $838 $1,469
1993 $450 $2,628 $748 $1,431
1992 $669 $3,486 $792 $1,421
1991 $882 $3,740 $540 $1,139
1990 $966 $3,705 $488 $1,192
1989 $908 - $515 -
1988 $807 - $536 -
1987 $770 - $424 -
1986 $698 - $382 -
1985 $772 - $393 -
1984 $650 - $527 -
1983 $637 - $483 -
1982 $634 - $519 -
1981 $658 - $568 -
1980 $729 - $542 -
1979 - - $573 -
1978 - - $611 -
1977 - - $520 -
1976 - - $548 -
1975 - - $730 -
1974 - - $1,131 -
1973 - - $422 -
1972 - - $256.2 -
1971 - - $210.7 -
1970 - - $201 -

Data sources: World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08).

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

Angola's GDP per capita is $3,129, ranking 142/197, compared to $2,559 in Kiribati, ranking 152/197. Adjusted for purchasing power (GDP per capita PPP), Angola ranks 133rd at $10,119, while Kiribati ranks 169th at $3,702.

Economic indicators

Angola Kiribati
Gross domestic product
$122B
2025
$349M
2025
GDP rank
68/197
2025
192/197
2025
GDP growth
3.13%
2024-2025
4.22%
2024-2025
GDP per capita
$3,129
2025
$2,559
2025
GDP per capita rank
142/197
2025
152/197
2025
GDP per capita, PPP
$10,119
2024
$3,702
2024
GDP per capita PPP rank
133/197
2024
169/197
2024
Government debt
$62.7B
2025
$27.8M
2025
Debt-to-GDP ratio
51.3%
2025
7.95%
2025
Government debt per person
$1,606
2025
$203.4
2025
Government debt per person rank
127/185
2025
181/185
2025
Average annual personal income after taxes
$2,550
2026
$2,170
2026
Income share by richest 10%
39.6%
2018
20.9%
2023
Income share by poorest 10%
1.3%
2018
4.4%
2023
Government expenditure, % of GDP
18.9%
2025
88.2%
2025
Consumer prices inflation
20.2%
2024-2025
6.5%
2024-2025
Central bank interest rate
17.5%
2026
n/a
Unemployment rate
10.4%
2025
2.79%
2023
Population
40839390
139471

Spending and national debt comparison by year

Angola
Spending

Debt
Kiribati
Spending

Debt
1x
Year % of GDP
Angola Kiribati
Government spending Government debt Government spending Government debt
2025 18.9% 51.3% 88.2% 7.95%
2024 19% 57.1% 86.1% 8.9%
2023 23.3% 75.7% 94.4% 11.3%
2022 24.8% 57.4% 87.2% 16.2%
2021 22.8% 75.5% 84% 17.3%
2020 24.4% 119.8% 102.2% 21%
2019 20.9% 100.8% 108.3% 18.5%
2018 17.8% 81.6% 108.8% 19%
2017 20.7% 59.6% 92.1% 20.2%
2016 19.1% 65.7% 99% 21.2%
2015 23.9% 50.4% 90.9% 18.8%
2014 32.3% 35.3% 101.2% 8.97%
2013 32.9% 29.5% 78% 8.86%
2012 33.2% 23.8% 83.9% 8.13%
2011 33.3% 26.3% 80.9% 8.8%
2010 34.6% 32.6% 75.7% 9.43%
2009 38.7% 48.4% 74.7% 10.3%
2008 47.2% 28.1% 79.4% 13.9%
2007 34.1% 18.8% 77.3% 11.1%
2006 27.3% 16.7% 82.1% 12.9%
2005 23.7% 29.9% 95.6% 12.1%
2004 26% 41.6% 103.8% 13.6%
2003 30.1% 50.8% 84.4% 12.3%
2002 27.6% 65.1% 96.9% 13.3%
2001 30.3% 100.2% 101.3% 17%
2000 35.8% 118.2% 66% 12.7%
1999 45.7% 104.8% 77.6% 11.8%
1998 30.3% 96.3% 74.7% 9.81%
1997 31.1% 73.5% 70.9% 10.7%
1996 29.3% 92% 68.4% 11%
1995 - - 69.6% 12.3%
1994 - - 54.6% 12.3%
1993 - - 55.3% 10.9%
1992 - - 65.9% 7.31%
1991 - - 82.1% 8.43%
1990 - - 105.5% 7.72%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1996–1999, retrieved 2026-07-08).

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

In 2025, Angola's government spending was $23B, accounting for 18.9% of its GDP, while Kiribati spent $308M, or 88.2% of GDP.

Debt-to-GDP ratio is 51.3% in Angola and 7.95% in Kiribati, ranking 103/185 and 182/185, respectively.

Government deficit by year

Deficit/surplus
Angola

Kiribati
1x
Year Deficit/surplus, % of GDP
Angola Kiribati
2025 -4.07% -14.5%
2024 -1.19% -14.1%
2023 -2.49% 1.81%
2022 1.78% -18.2%
2021 1.35% -10.8%
2020 -3.05% 3.57%
2019 -0.2% 10.8%
2018 2% 5.18%
2017 -5.68% 34.1%
2016 -3.93% 20.1%
2015 -2.58% 42.5%
2014 -5.08% 35%
2013 -0.28% 11.8%
2012 3.67% -5.43%
2011 7.17% -17.6%
2010 2.96% -7.8%
2009 -6.83% -8.56%
2008 -3.82% -15.8%
2007 3.81% -12.5%
2006 8.42% -12.3%
2005 6.4% -9.96%
2004 1.03% -19.2%
2003 -4.1% -8.93%
2002 -2.24% 3.13%
2001 2.8% -10.9%
2000 2.02% -0.03%
1999 -9.4% -1.81%
1998 -5.92% 14.6%
1997 -0.27% 5.92%
1996 5.22% -20.2%
1995 - -5.14%
1994 - 0.74%
1993 - 6.27%
1992 - 0.79%
1991 - 3.87%
1990 - -4.62%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/angola/kiribati | 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 Kiribati's deficit of $50.6M, or 14.5% of GDP.

Over the past 30 years, Angola recorded a fiscal deficit in 17 of those years, while Kiribati ran a deficit in 18 years. On average, Angola posted an annual deficit equal to 0.42% of GDP, compared to deficit of 0.67% of GDP for Kiribati.

Inflation comparison by year

Inflation
Angola

Kiribati
1x
Year Consumer prices inflation
Angola Kiribati
2025 20.2% 6.5%
2024 28.2% 2.5%
2023 13.6% 9.3%
2022 21.4% 5.3%
2021 25.8% 2.1%
2020 22.3% 2.6%
2019 17.1% -1.8%
2018 19.6% 0.6%
2017 29.8% 0.4%
2016 30.7% 1.9%
2015 9.2% 0.6%
2014 7.3% 2.1%
2013 8.8% -1.5%
2012 10.3% -3%
2011 13.5% 1.5%
2010 14.5% -3.9%
2009 13.7% 9.8%
2008 12.5% 13.7%
2007 12.2% 3.6%
2006 13.3% -1%
2005 23% -0.4%
2004 43.5% -0.7%
2003 98.2% 1.6%
2002 108.9% 3.2%
2001 152.6% 6%
2000 325% 0.4%
1999 248.2% 1.8%
1998 107.4% 3.7%
1997 221.5% 2.6%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Angola has recorded an average annual inflation rate of 57.7%, compared with 2.4% in Kiribati. In 2025, inflation was 20.2% in Angola and 6.5% in Kiribati.

Top exports between countries

Angola
Export category Export value
Animal & marine products $3K
Raw agricultural goods $2K
Processed food, beverages & tobacco $1K
Kiribati
Export category Export value

Balance of trade

Angola Kiribati
Current account balance
$536M
2025
-$61.3M
2025
Current account balance ranking
57/190
2025
77/190
2025
Current account balance, % of GDP
+0.44%
2025
-17.6%
2025
Goods imports
$15.5B
2025
$270M
2025
Goods exports
$30.6B
2025
$17.3M
2025
Service imports
$8.51B
2025
$110M
2025
Service exports
$118M
2025
$8.63M
2025
Imports of goods and services, % of GDP
11.7%
2025
97.6%
2024
Exports of goods and services, % of GDP
23%
2025
4.52%
2024

Economic freedom indices

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

Angola Kiribati
Economic freedom 54.4 50.8
Economic freedom ranking 133/197 158/197
Property rights 36.9 69.6
Government integrity 28.3 50.5
Judicial effectiveness 26.3 54.6
Tax burden 86.9 72.6
Government spending 89.3 0
Fiscal health 91.9 19.8
Business freedom 42.8 60.2
Labor freedom 50.8 65.3
Monetary freedom 59 76.7
Trade freedom 70.4 80
Investment freedom 30 30
Financial freedom 40 30

Economic freedom comparison by year

Angola
Kiribati
1x
Year Economic freedom index
Angola Kiribati
2026 54.4 50.8
2025 55 50.9
2024 54.3 51.3
2023 53 58.8
2022 52.6 59.2
2021 54.2 44.4
2020 52.2 45.2
2019 50.6 47.3
2018 48.6 50.8
2017 48.5 50.9
2016 48.9 46.2
2015 47.9 46.4
2014 47.7 46.3
2013 47.3 45.9
2012 46.7 46.9
2011 46.2 44.8
2010 48.4 43.7
2009 47 45.7
2008 46.9 -
2007 44.7 -
2006 43.5 -
2005 - -
2004 - -
2003 - -
2002 - -
2001 - -
2000 24.3 -
1999 23.7 -
1998 24.9 -
1997 24.2 -
1996 24.4 -
1995 27.4 -

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

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

The Economic Freedom Index for Angola is 54.4, ranking 133/197, compared to 50.8 for Kiribati, ranking 158/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Angola Kiribati
Services, % of GDP
46.8%
2025
70.3%
2024
Industry, % of GDP
27.1%
2025
11.8%
2024
Agriculture, forestry, and fishing, % of GDP
25.2%
2025
23.2%
2024
GNI, Atlas method
$112B
2025
$537M
2025
GNI per capita, PPP
$9,840
2025
$6,080
2025
Total reserves including gold
$13.5B
2025
n/a
Total reserves ranking
75/177
2025
n/a
Net foreign direct investment
-$1.02B
2025
-$4.14M
2025
Net inflows of foreign direct investment
-$1.11B
2024
$8.07M
2024
Net outflows of foreign direct investment
$33.1M
2024
$16.4K
2024
Servicing debt to the IMF, % of GNI
11.3%
2024
n/a
Poverty at national poverty lines
36.6%
2020
5.5%
2023
Gross capital formation, % of GDP
10.6%
2024
29.9%
2024

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/kiribati | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1996–1999, retrieved 2026-07-08)
  6. TradeMap (2023, 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.