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Economy of Angola vs Malaysia compared: GDP & Debt

Updated on by Georank team

Angola has a GDP of $101B compared to $422B for Malaysia, ranking 71/197 and 38/197 by economy size, respectively.

Angola has $60.5B in government debt (59.9% of GDP), compared to $296B (70.1% of GDP) in Malaysia.

Angola vs Malaysia GDP by year

Angola
Malaysia
1x
Year GDP, current $
Angola Malaysia
2024 $100,998,916,781 $422,227,005,429
2023 $107,167,747,140 $399,949,418,753
2022 $131,212,208,930 $407,830,525,990
2021 $79,559,543,805 $373,784,553,030
2020 $58,852,456,454 $337,456,163,961
2019 $80,734,428,593 $365,177,721,022
2018 $89,512,794,227 $358,788,845,713
2017 $84,376,935,689 $319,109,094,160
2016 $59,878,249,719 $301,256,033,870
2015 $102,543,067,841 $301,355,266,965
2014 $153,449,860,496 $338,066,095,097
2013 $148,845,200,697 $323,276,235,524
2012 $143,572,907,528 $314,443,047,642
2011 $125,551,634,704 $297,951,668,675
2010 $95,546,919,755 $255,017,638,456
2009 $81,705,175,408 $202,257,453,037
2008 $98,790,432,989 $230,811,614,370
2007 $73,037,821,927 $193,549,569,478
2006 $58,653,659,980 $162,692,258,307
2005 $41,396,636,383 $143,534,405,819
2004 $26,997,977,897 $124,749,473,684
2003 $20,342,128,112 $110,202,368,421
2002 $17,311,512,432 $100,845,526,316
2001 $8,936,079,118 $92,783,947,368
2000 $9,129,594,970 $93,789,736,842
1999 $6,152,923,310 $79,148,421,053
1998 $6,506,221,616 $72,167,498,981
1997 $7,648,380,196 $100,005,323,302
1996 $7,526,421,519 $100,855,393,910
1995 $5,538,749,260 $88,705,342,903
1994 $4,438,321,017 $74,478,356,958
1993 $5,768,720,422 $66,894,966,969
1992 $8,307,810,974 $59,167,550,163
1991 $10,603,784,541 $49,143,148,094
1990 $11,229,515,599 $44,024,585,240
1989 $10,201,780,977 $38,847,965,293
1988 $8,769,836,769 $35,272,109,220
1987 $8,084,412,414 $32,181,210,158
1986 $7,072,536,109 $27,734,111,400
1985 $7,554,065,410 $31,199,633,353
1984 $6,131,475,065 $33,942,897,422
1983 $5,784,341,596 $30,347,442,111
1982 $5,550,483,036 $26,804,493,635
1981 $5,550,483,036 $25,004,285,792
1980 $5,930,503,401 $24,488,224,677
1979 - $21,213,264,962
1978 - $16,358,079,862
1977 - $13,139,488,633
1976 - $11,050,234,599
1975 - $9,298,800,799
1974 - $9,496,204,302
1973 - $7,662,902,678
1972 - $5,043,347,250
1971 - $4,244,395,956
1970 - $3,864,145,667
1969 - $3,664,552,041
1968 - $3,330,371,551
1967 - $3,188,924,677
1966 - $3,143,517,944
1965 - $2,956,337,669
1964 - $2,674,423,922
1963 - $2,510,110,348
1962 - $2,001,489,602
1961 - $1,901,856,123
1960 - $1,916,229,477

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

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

GDP per capita in Angola vs Malaysia by year

Angola
GDP per capita

GDP per capita, PPP
Malaysia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Angola Malaysia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,666 $10,119 $11,874 $38,779
2023 $2,916 $9,754 $11,386 $36,467
2022 $3,682 $9,588 $11,755 $34,420
2021 $2,304 $8,862 $10,903 $29,823
2020 $1,759 $7,827 $9,958 $27,475
2019 $2,494 $8,573 $10,920 $28,934
2018 $2,860 $8,278 $10,902 $27,794
2017 $2,791 $8,007 $9,863 $26,416
2016 $2,052 $7,767 $9,477 $25,286
2015 $3,642 $8,067 $9,649 $24,526
2014 $5,650 $9,018 $11,013 $24,307
2013 $5,689 $8,504 $10,714 $23,161
2012 $5,702 $8,246 $10,601 $22,639
2011 $5,184 $7,538 $10,217 $21,324
2010 $4,102 $7,412 $8,899 $20,193
2009 $3,645 $7,228 $7,191 $18,923
2008 $4,578 $7,316 $8,372 $19,480
2007 $3,515 $6,728 $7,169 $18,617
2006 $2,930 $6,018 $6,158 $17,426
2005 $2,146 $5,416 $5,556 $16,371
2004 $1,451 $4,771 $4,939 $15,416
2003 $1,134 $4,322 $4,465 $14,387
2002 $999 $4,241 $4,184 $13,656
2001 $534 $3,802 $3,944 $13,072
2000 $564 $3,690 $4,084 $13,027
1999 $393 $3,619 $3,528 $11,980
1998 $429 $3,609 $3,294 $11,398
1997 $522 $3,525 $4,679 $12,469
1996 $531 $3,342 $4,837 $11,709
1995 $404 $2,990 $4,363 $10,720
1994 $335 $2,633 $3,758 $9,806
1993 $450 $2,628 $3,462 $9,018
1992 $669 $3,486 $3,141 $8,224
1991 $882 $3,740 $2,679 $7,583
1990 $966 $3,705 $2,469 $6,887
1989 $908 - $2,244 -
1988 $807 - $2,100 -
1987 $770 - $1,977 -
1986 $698 - $1,760 -
1985 $772 - $2,046 -
1984 $650 - $2,300 -
1983 $637 - $2,124 -
1982 $634 - $1,938 -
1981 $658 - $1,866 -
1980 $729 - $1,886 -
1979 - - $1,680 -
1978 - - $1,327 -
1977 - - $1,092 -
1976 - - $940 -
1975 - - $811 -
1974 - - $848 -
1973 - - $701 -
1972 - - $472 -
1971 - - $407 -
1970 - - $380 -
1969 - - $368 -
1968 - - $342 -
1967 - - $335 -
1966 - - $339 -
1965 - - $326 -
1964 - - $303 -
1963 - - $291.8 -
1962 - - $238.8 -
1961 - - $232.9 -
1960 - - $240.8 -

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

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

Angola's GDP per capita is $2,666, ranking 144/197, compared to $11,874 in Malaysia, ranking 79/197. Adjusted for purchasing power (GDP per capita PPP), Angola ranks 133rd at $10,119, while Malaysia ranks 60th at $38,779.

Economic indicators

Angola Malaysia
Gross domestic product
$101B
2024
$422B
2024
GDP rank
71/197
2024
38/197
2024
GDP growth
4.42%
2023-2024
5.11%
2023-2024
GDP per capita
$2,666
2024
$11,874
2024
GDP per capita rank
144/197
2024
79/197
2024
GDP per capita, PPP
$10,119
2024
$38,779
2024
GDP per capita PPP rank
133/197
2024
60/197
2024
Government debt
$60.5B
2024
$296B
2024
Debt-to-GDP ratio
59.9%
2024
70.1%
2024
Government debt per person
$1,597
2024
$8,322
2024
Government debt per person rank
127/185
2024
62/185
2024
Average annual personal income after taxes
$28,080
2026
$11,005
2026
Market capitalization of domestic companies n/a
$449B
2024
Number of billionaires n/a
19
2025
Income share by richest 10%
39.6%
2018
30.9%
2021
Income share by poorest 10%
1.3%
2018
2.3%
2021
Government expenditure, % of GDP
18.4%
2024
23.9%
2024
Consumer prices inflation
28.2%
2023-2024
1.83%
2023-2024
Central bank interest rate
18%
2023
2.75%
2025
Unemployment rate
14.1%
2022
3.93%
2022
Population
40555924
36512221

Spending and national debt comparison by year

Angola
Spending

Debt
Malaysia
Spending

Debt
1x
Year % of GDP
Angola Malaysia
Government spending Government debt Government spending Government debt
2024 18.4% 59.9% 23.9% 70.1%
2023 18.8% 72.4% 24.9% 69.7%
2022 19.5% 56.1% 24.6% 65.5%
2021 17.3% 74.3% 24.5% 69.2%
2020 20% 119.1% 25% 67.7%
2019 18.2% 101.4% 23.6% 57.1%
2018 18.3% 82.5% 22.8% 55.6%
2017 21% 60.5% 22% 54.4%
2016 19.4% 66.7% 22.9% 55.8%
2015 23.9% 50.4% 24.7% 57%
2014 32.3% 35.3% 26% 55.4%
2013 32.9% 29.5% 27.8% 55.7%
2012 33.2% 23.8% 28.5% 53.8%
2011 33.3% 26.3% 27.1% 51.9%
2010 34.6% 32.6% 26.6% 51.2%
2009 38.7% 48.4% 30.9% 50.4%
2008 47.2% 28.1% 26.9% 39.4%
2007 34.1% 18.8% 25.9% 39.3%
2006 27.3% 16.7% 25.6% 39.7%
2005 23.7% 29.9% 24.5% 40.8%
2004 26% 41.6% 25.9% 42%
2003 30.1% 50.8% 28.1% 41.4%
2002 27.6% 65.1% 27.1% 39.5%
2001 30.3% 100.2% 28.2% 38.1%
2000 35.8% 118.2% 25.6% 32.5%
1999 39.4% 104.8% 24.6% 34.4%
1998 26.1% 96.3% 23.1% 33.6%
1997 26.8% 73.5% 21.2% 29.6%
1996 25.2% 92% 22.4% 32.8%
1995 - - 22.6% 38.2%
1994 - - 23.3% 43.7%
1993 - - 24.6% 51.1%
1992 - - 28.2% 59.1%
1991 - - 27.4% 67.3%
1990 - - 30.5% 74.1%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1996–1999, retrieved 2026-02-20).

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

In 2024, Angola's government spending was $18.6B, accounting for 18.4% of its GDP, while Malaysia spent $101B, or 23.9% of GDP.

Debt-to-GDP ratio is 59.9% in Angola and 70.1% in Malaysia, ranking 78/185 and 58/185, respectively.

Government deficit by year

Deficit/surplus
Angola

Malaysia
1x
Year Deficit/surplus, % of GDP
Angola Malaysia
2024 -1.01% -3.95%
2023 -1.83% -3.97%
2022 0.58% -4.56%
2021 3.4% -6.03%
2020 -1.66% -4.9%
2019 0.69% -2.01%
2018 2.03% -2.64%
2017 -5.75% -2.41%
2016 -3.98% -2.6%
2015 -2.57% -2.55%
2014 -5.07% -2.63%
2013 -0.27% -3.48%
2012 3.68% -3.1%
2011 7.2% -3.57%
2010 2.98% -4.32%
2009 -6.8% -5.88%
2008 -3.8% -3.4%
2007 3.85% -2.57%
2006 8.42% -2.6%
2005 6.4% -2.83%
2004 1.03% -3.35%
2003 -4.1% -4.6%
2002 -2.24% -3.96%
2001 2.8% -4.36%
2000 2.02% -6.05%
1999 -8.1% -3%
1998 -5.1% -0.63%
1997 -0.23% 4.84%
1996 4.49% 3.27%
1995 - 3.1%
1994 - 5.45%
1993 - 3.44%
1992 - 1.81%
1991 - 1.6%
1990 - 0.15%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/angola/malaysia | 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 Malaysia's deficit of $16.7B, or 3.95% of GDP.

Over the past 29 years, Angola recorded a fiscal deficit in 15 of those years, while Malaysia ran a deficit in 27 years. On average, Angola posted an annual deficit equal to 0.1% of GDP, compared to deficit of 3.03% of GDP for Malaysia.

Inflation comparison by year

Inflation
Angola

Malaysia
1x
Year Consumer prices inflation
Angola Malaysia
2024 28.2% 1.83%
2023 13.6% 2.49%
2022 21.4% 3.38%
2021 25.8% 2.48%
2020 22.3% -1.14%
2019 17.1% 0.66%
2018 19.6% 0.88%
2017 29.8% 3.87%
2016 30.7% 2.09%
2015 9.2% 2.1%
2014 7.3% 3.14%
2013 8.8% 2.11%
2012 10.3% 1.66%
2011 13.5% 3.17%
2010 14.5% 1.62%
2009 13.7% 0.58%
2008 12.5% 5.44%
2007 12.2% 2.03%
2006 13.3% 3.61%
2005 23% 2.98%
2004 43.5% 1.42%
2003 98.2% 1.09%
2002 108.9% 1.81%
2001 152.6% 1.42%
2000 325% 1.53%
1999 248.2% 2.74%
1998 107.4% 5.27%
1997 221.5% 2.66%

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/malaysia | CC BY

Over the past 28 years, Angola has recorded an average annual inflation rate of 59%, compared with 2.25% in Malaysia. In 2024, inflation was 28.2% in Angola and 1.83% in Malaysia.

Top exports between countries

Angola
Export category Export value
Raw materials & minerals $550M
Machinery & equipment $8.66M
Metals $1.37M
Animal & marine products $550K
Miscellaneous $47K
Processed food, beverages & tobacco $7K
Chemicals & pharma $4K
Textiles & consumer goods $4K
Precious metals & jewellery $1K
Wood & paper products $1K
Malaysia
Export category Export value
Processed food, beverages & tobacco $95.1M
Raw materials & minerals $41M
Machinery & equipment $27.5M
Animal & marine products $13.8M
Chemicals & pharma $6.54M
Metals $4.41M
Textiles & consumer goods $3.95M
Wood & paper products $3.64M
Miscellaneous $62K
Raw agricultural goods $3K

Balance of trade

Angola Malaysia
Current account balance
$6.31B
2024
$7.15B
2024
Current account balance ranking
30/190
2024
26/190
2024
Current account balance, % of GDP
+6.25%
2024
+1.69%
2024
Goods imports
$14.2B
2024
$223B
2024
Goods exports
$36.8B
2024
$248B
2024
Service imports
$8.49B
2024
$56.4B
2024
Service exports
$129M
2024
$53.4B
2024
Imports of goods and services, % of GDP
19.4%
2024
66%
2024
Exports of goods and services, % of GDP
31.5%
2024
71.3%
2024

Economic freedom indices

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

Angola Malaysia
Economic freedom 54.4 68
Economic freedom ranking 133/197 51/197
Property rights 36.9 62.7
Government integrity 28.3 52.9
Judicial effectiveness 26.3 63.4
Tax burden 86.9 83.5
Government spending 89.3 82
Fiscal health 91.9 62.5
Business freedom 42.8 79.6
Labor freedom 50.8 55.4
Monetary freedom 59 80.8
Trade freedom 70.4 83
Investment freedom 30 60
Financial freedom 40 50

Economic freedom comparison by year

Angola
Malaysia
1x
Year Economic freedom index
Angola Malaysia
2026 54.4 68
2025 55 67.1
2024 54.3 65.7
2023 53 67.3
2022 52.6 68.1
2021 54.2 74.4
2020 52.2 74.7
2019 50.6 74
2018 48.6 74.5
2017 48.5 73.8
2016 48.9 71.5
2015 47.9 70.8
2014 47.7 69.6
2013 47.3 66.1
2012 46.7 66.4
2011 46.2 66.3
2010 48.4 64.8
2009 47 64.6
2008 46.9 63.9
2007 44.7 63.8
2006 43.5 61.6
2005 - 61.9
2004 - 59.9
2003 - 61.1
2002 - 60.1
2001 - 60.2
2000 24.3 66
1999 23.7 68.9
1998 24.9 68.2
1997 24.2 66.8
1996 24.4 69.9
1995 27.4 71.9

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

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

The Economic Freedom Index for Angola is 54.4, ranking 133/197, compared to 68 for Malaysia, ranking 51/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Angola Malaysia
Services, % of GDP
41.1%
2024
53.7%
2024
Industry, % of GDP
34.6%
2024
37%
2024
Agriculture, forestry, and fishing, % of GDP
22.1%
2024
8.13%
2024
GNI, Atlas method
$108B
2024
$414B
2024
GNI per capita, PPP
$9,460
2024
$37,450
2024
Total reserves including gold
$14.2B
2024
$116B
2024
Total reserves ranking
69/177
2024
24/177
2024
Net foreign direct investment
$1.14B
2024
-$2.55B
2024
Net inflows of foreign direct investment
-$1.11B
2024
$15.6B
2024
Net outflows of foreign direct investment
$33.1M
2024
$13B
2024
Servicing debt to the IMF, % of GNI
11.5%
2024
n/a
Poverty at national poverty lines
36.6%
2020
5.8%
2023
Gross capital formation, % of GDP
10.4%
2024
22%
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/malaysia | 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. 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.