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Economy of Angola vs Lebanon compared: GDP & Debt

Updated on by Georank

Angola has a GDP of $122B compared to $26B for Lebanon, ranking 68/197 and 121/197 by economy size, respectively.

Angola has $62.7B in government debt (51.3% of GDP), compared to $41B (139.4% of GDP) in Lebanon.

Angola vs Lebanon GDP by year

Angola
Lebanon
1x
Year GDP, current $
Angola Lebanon
2025 $122,174,889,424 -
2024 $103,080,538,044 $25,971,643,441
2023 $106,042,349,567 $20,078,620,357
2022 $128,233,959,333 $20,992,421,949
2021 $78,283,923,544 $23,131,941,557
2020 $58,512,033,806 $31,712,128,254
2019 $81,193,813,808 $51,605,959,131
2018 $90,506,061,877 $54,901,519,156
2017 $85,629,598,654 $53,027,680,686
2016 $60,770,049,747 $51,147,308,774
2015 $102,543,067,841 $49,929,337,837
2014 $153,449,860,496 $48,095,213,747
2013 $148,845,200,696 $46,880,103,081
2012 $143,572,907,528 $44,016,799,516
2011 $125,551,634,705 $39,927,125,962
2010 $95,546,919,754 $38,443,907,042
2009 $81,705,175,409 $35,399,582,929
2008 $98,790,432,989 $29,118,916,105
2007 $73,037,821,926 $24,827,355,015
2006 $58,653,659,980 $22,022,709,851
2005 $41,396,636,384 $21,497,336,499
2004 $26,997,977,896 $21,159,827,992
2003 $20,342,128,112 $20,082,918,740
2002 $17,311,512,433 $19,152,238,806
2001 $8,936,079,118 $17,649,751,244
2000 $9,129,594,970 $17,260,364,842
1999 $6,152,923,310 $17,391,056,369
1998 $6,506,221,616 $17,247,179,006
1997 $7,648,380,196 $15,751,867,489
1996 $7,526,421,519 $13,690,217,334
1995 $5,538,749,260 $11,718,795,529
1994 $4,438,321,017 $9,599,127,050
1993 $5,768,720,422 $7,941,744,492
1992 $8,307,810,974 $5,843,579,161
1991 $10,603,784,541 $4,690,415,093
1990 $11,229,515,599 $2,838,485,354
1989 $10,201,780,977 $2,717,998,688
1988 $8,769,836,769 $3,313,540,068
1987 $8,084,412,414 -
1986 $7,072,536,109 -
1985 $7,554,065,410 -
1984 $6,131,475,065 -
1983 $5,784,341,596 -
1982 $5,550,483,036 -
1981 $5,550,483,036 -
1980 $5,930,503,401 -

Data sources: World Bank | Economy & Growth (1980–2025, retrieved 2026-07-08).

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

GDP per capita in Angola vs Lebanon by year

Angola
GDP per capita

GDP per capita, PPP
Lebanon
GDP per capita

GDP per capita, PPP
1x
Year Current $
Angola Lebanon
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $3,129 - - -
2024 $2,721 $10,119 $4,473 -
2023 $2,886 $9,754 $3,478 $12,575
2022 $3,599 $9,588 $3,654 $12,293
2021 $2,267 $8,862 $4,045 $11,600
2020 $1,749 $7,827 $5,561 $16,260
2019 $2,508 $8,573 $8,906 $21,710
2018 $2,892 $8,278 $9,175 $21,985
2017 $2,832 $8,007 $8,608 $20,964
2016 $2,082 $7,767 $8,089 $18,941
2015 $3,642 $8,067 $7,714 $17,046
2014 $5,650 $9,018 $7,578 $16,140
2013 $5,689 $8,504 $8,162 $16,316
2012 $5,702 $8,246 $8,407 $16,121
2011 $5,184 $7,538 $7,835 $14,975
2010 $4,102 $7,412 $7,626 $14,704
2009 $3,645 $7,228 $7,091 $13,586
2008 $4,578 $7,316 $5,912 $12,416
2007 $3,515 $6,728 $5,125 $11,356
2006 $2,930 $6,018 $4,635 $10,312
2005 $2,146 $5,416 $4,602 $10,020
2004 $1,451 $4,771 $4,601 $9,609
2003 $1,134 $4,322 $4,438 $8,914
2002 $999 $4,241 $4,291 $8,586
2001 $534 $3,802 $4,010 $8,289
2000 $564 $3,690 $3,987 $7,938
1999 $393 $3,619 $4,087 $7,793
1998 $429 $3,609 $4,125 $7,861
1997 $522 $3,525 $3,834 $7,632
1996 $531 $3,342 $3,393 $7,560
1995 $404 $2,990 $2,959 $6,796
1994 $335 $2,633 $2,468 $6,367
1993 $450 $2,628 $2,079 $5,871
1992 $669 $3,486 $1,559 $5,279
1991 $882 $3,740 $1,278 $4,527
1990 $966 $3,705 $790 $2,990
1989 $908 - $771 -
1988 $807 - $959 -
1987 $770 - - -
1986 $698 - - -
1985 $772 - - -
1984 $650 - - -
1983 $637 - - -
1982 $634 - - -
1981 $658 - - -
1980 $729 - - -

Data sources: World Bank | Economy & Growth (1980–2025, retrieved 2026-07-08).

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

Angola's GDP per capita is $3,129, ranking 142/197, compared to $4,473 in Lebanon, ranking 129/197. Adjusted for purchasing power (GDP per capita PPP), Angola ranks 133rd at $10,119, while Lebanon ranks 123rd at $12,575.

Economic indicators

Angola Lebanon
Gross domestic product
$122B
2025
$26B
2024
GDP rank
68/197
2025
121/197
2024
GDP growth
3.13%
2024-2025
-7.08%
2023-2024
GDP per capita
$3,129
2025
$4,473
2024
GDP per capita rank
142/197
2025
129/197
2024
GDP per capita, PPP
$10,119
2024
$12,575
2023
GDP per capita PPP rank
133/197
2024
123/197
2023
Government debt
$62.7B
2025
$41B
2024
Debt-to-GDP ratio
51.3%
2025
139.4%
2025
Government debt per person
$1,606
2025
$7,061
2024
Government debt per person rank
127/185
2025
71/185
2024
Average annual personal income after taxes
$2,550
2026
$3,055
2026
Market capitalization of domestic companies n/a
$10.6B
2021
Number of billionaires n/a
6
2026
Income share by richest 10%
39.6%
2018
25.6%
2022
Income share by poorest 10%
1.3%
2018
2.8%
2022
Government expenditure, % of GDP
18.9%
2025
15.5%
2025
Consumer prices inflation
20.2%
2024-2025
14.6%
2024-2025
Central bank interest rate
17.5%
2026
20%
2023
Unemployment rate
10.4%
2025
11.3%
2019
Population
40839390
5921719

Spending and national debt comparison by year

Angola
Spending

Debt
Lebanon
Spending

Debt
1x
Year % of GDP
Angola Lebanon
Government spending Government debt Government spending Government debt
2025 18.9% 51.3% 15.5% 139.4%
2024 19% 57.1% 15.3% 157.9%
2023 23.3% 75.7% 14.3% 185.8%
2022 24.8% 57.4% 12.9% 235.9%
2021 22.8% 75.5% 10.5% 346%
2020 24.4% 119.8% 24.5% 157.2%
2019 20.9% 100.8% 31.3% 171.9%
2018 17.8% 81.6% 32.1% 154%
2017 20.7% 59.6% 30.7% 150.4%
2016 19.1% 65.7% 28.6% 147.9%
2015 23.9% 50.4% 26.7% 140.9%
2014 32.3% 35.3% 28.9% 138.5%
2013 32.9% 29.5% 28.9% 135.4%
2012 33.2% 23.8% 30.2% 131.1%
2011 33.3% 26.3% 28.8% 134.4%
2010 34.6% 32.6% 29.2% 136.8%
2009 38.7% 48.4% 32.1% 144.5%
2008 47.2% 28.1% 34.3% 161.5%
2007 34.1% 18.8% 35.2% 169.3%
2006 27.3% 16.7% 36.1% 183.3%
2005 23.7% 29.9% 31.4% 178.9%
2004 26% 41.6% 33.3% 169.5%
2003 30.1% 50.8% 36.4% 171.3%
2002 27.6% 65.1% 36.8% 163.1%
2001 30.3% 100.2% 38.9% 163.1%
2000 35.8% 118.2% 42.8% 148.1%
1999 45.7% 104.8% 35.6% 130.2%
1998 30.3% 96.3% 34.7% 108.2%
1997 31.1% 73.5% 40.5% 100.2%
1996 29.3% 92% 43.6% 101.2%
1995 - - 31.1% 79.6%
1994 - - 47.3% 71.5%
1993 - - 23% 50.5%
1992 - - 36.1% 51.7%
1991 - - 35.6% 67.1%
1990 - - 40% 99.7%

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

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

In 2025, Angola's government spending was $23B, accounting for 18.9% of its GDP, while Lebanon spent $3.98B, or 15.5% of GDP.

Debt-to-GDP ratio is 51.3% in Angola and 139.4% in Lebanon, ranking 103/185 and 8/185, respectively.

Government deficit by year

Deficit/surplus
Angola

Lebanon
1x
Year Deficit/surplus, % of GDP
Angola Lebanon
2025 -4.07% 3.25%
2024 -1.19% 0.39%
2023 -2.49% -1.64%
2022 1.78% -7.49%
2021 1.35% -2.57%
2020 -3.05% -7.79%
2019 -0.2% -10.5%
2018 2% -11.2%
2017 -5.68% -8.68%
2016 -3.93% -8.98%
2015 -2.58% -7.49%
2014 -5.08% -6.22%
2013 -0.28% -8.83%
2012 3.67% -8.43%
2011 7.17% -5.94%
2010 2.96% -7.47%
2009 -6.83% -8.1%
2008 -3.82% -9.86%
2007 3.81% -10.9%
2006 8.42% -10.6%
2005 6.4% -8.57%
2004 1.03% -9.83%
2003 -4.1% -14%
2002 -2.24% -16.2%
2001 2.8% -21%
2000 2.02% -23.9%
1999 -9.4% -16.7%
1998 -5.92% -17.3%
1997 -0.27% -24.5%
1996 5.22% -25.7%
1995 - -13.6%
1994 - -29.1%
1993 - -7.19%
1992 - -24%
1991 - -19.5%
1990 - -30.2%

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

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

In 2024, Angola's government deficit, the difference between spending and revenue, was $1.23B, equivalent to 1.19% of GDP. This compares to Lebanon's surplus of $102M, or 0.39% of GDP.

Over the past 29 years, Angola recorded a fiscal deficit in 16 of those years, while Lebanon ran a deficit in 28 years. On average, Angola posted an annual deficit equal to 0.29% of GDP, compared to deficit of 11% of GDP for Lebanon.

Inflation comparison by year

Inflation
Angola

Lebanon
1x
Year Consumer prices inflation
Angola Lebanon
2025 20.2% 14.6%
2024 28.2% 45.2%
2023 13.6% 221.3%
2022 21.4% 171.2%
2021 25.8% 154.8%
2020 22.3% 84.9%
2019 17.1% 2.9%
2018 19.6% 6.1%
2017 29.8% 4.4%
2016 30.7% -0.8%
2015 9.2% -3.7%
2014 7.3% 1.9%
2013 8.8% 4.8%
2012 10.3% 6.6%
2011 13.5% 5%
2010 14.5% 4%
2009 13.7% 1.2%
2008 12.5% 10.7%
2007 12.2% 4.1%
2006 13.3% 4.1%
2005 23% -1.4%
2004 43.5% 1.7%
2003 98.2% 1.3%
2002 108.9% 1.8%
2001 152.6% -0.4%
2000 325% -0.4%
1999 248.2% 0.2%
1998 107.4% 4.5%
1997 221.5% 7.7%

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

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

Over the past 29 years, Angola has recorded an average annual inflation rate of 57.7%, compared with 26.1% in Lebanon. In 2025, inflation was 20.2% in Angola and 14.6% in Lebanon.

Top exports between countries

Angola
Export category Export value
Textiles & consumer goods $362K
Raw agricultural goods $211K
Metals $147K
Processed food, beverages & tobacco $33K
Chemicals & pharma $14K
Machinery & equipment $10K
Wood & paper products $4K
Raw materials & minerals $2K
Precious metals & jewellery $1K
Lebanon
Export category Export value
Machinery & equipment $12M
Processed food, beverages & tobacco $1.83M
Chemicals & pharma $1.49M
Metals $1.01M
Wood & paper products $620K
Textiles & consumer goods $558K
Raw materials & minerals $392K
Raw agricultural goods $330K
Precious metals & jewellery $319K
Animal & marine products $191K

Balance of trade

Angola Lebanon
Current account balance
$536M
2025
-$5.64B
2023
Current account balance ranking
57/190
2025
166/190
2023
Current account balance, % of GDP
+0.44%
2025
-28.1%
2023
Goods imports
$15.5B
2025
$16.7B
2023
Goods exports
$30.6B
2025
$3.85B
2023
Service imports
$8.51B
2025
$6.63B
2023
Service exports
$118M
2025
$7.92B
2023
Imports of goods and services, % of GDP
11.7%
2025
58.9%
2024
Exports of goods and services, % of GDP
23%
2025
23.3%
2024

Economic freedom indices

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

Angola Lebanon
Economic freedom 54.4 43.1
Economic freedom ranking 133/197 183/197
Property rights 36.9 21.8
Government integrity 28.3 23.4
Judicial effectiveness 26.3 23.8
Tax burden 86.9 90.3
Government spending 89.3 93.3
Fiscal health 91.9 63.4
Business freedom 42.8 47.6
Labor freedom 50.8 48.4
Monetary freedom 59 0
Trade freedom 70.4 65.6
Investment freedom 30 20
Financial freedom 40 20

Economic freedom comparison by year

Angola
Lebanon
1x
Year Economic freedom index
Angola Lebanon
2026 54.4 43.1
2025 55 44.1
2024 54.3 48.3
2023 53 45.6
2022 52.6 47.3
2021 54.2 51.4
2020 52.2 51.7
2019 50.6 51.1
2018 48.6 53.2
2017 48.5 53.3
2016 48.9 59.5
2015 47.9 59.3
2014 47.7 59.4
2013 47.3 59.5
2012 46.7 60.1
2011 46.2 60.1
2010 48.4 59.5
2009 47 58.1
2008 46.9 60
2007 44.7 60.4
2006 43.5 57.5
2005 - 57.2
2004 - 56.9
2003 - 56.7
2002 - 57.1
2001 - 61
2000 24.3 56.1
1999 23.7 59.1
1998 24.9 59
1997 24.2 63.9
1996 24.4 63.2
1995 27.4 -

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

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

The Economic Freedom Index for Angola is 54.4, ranking 133/197, compared to 43.1 for Lebanon, ranking 183/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Angola Lebanon
Services, % of GDP
46.8%
2025
35.7%
2024
Industry, % of GDP
27.1%
2025
2.63%
2024
Agriculture, forestry, and fishing, % of GDP
25.2%
2025
1.05%
2024
GNI, Atlas method
$112B
2025
$20.7B
2024
GNI per capita, PPP
$9,840
2025
$11,790
2024
Total reserves including gold
$13.5B
2025
$33.3B
2024
Total reserves ranking
75/177
2025
56/177
2024
Net foreign direct investment
-$1.02B
2025
-$583M
2023
Net inflows of foreign direct investment
-$1.11B
2024
$1.84B
2024
Net outflows of foreign direct investment
$33.1M
2024
$391M
2024
Servicing debt to the IMF, % of GNI
11.3%
2024
9.68%
2024
Poverty at national poverty lines
36.6%
2020
27.4%
2012
Gross capital formation, % of GDP
10.6%
2024
1.44%
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/lebanon | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1980–2025, 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. TradeMap (2023–2024, retrieved 2026-07-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1990–1999, 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.