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Economy of Angola vs Mali compared: GDP & Debt

Updated on by Georank

Angola has a GDP of $122B compared to $30.1B for Mali, ranking 68/197 and 114/197 by economy size, respectively.

Angola has $62.7B in government debt (51.3% of GDP), compared to $12.6B (41.9% of GDP) in Mali.

Angola vs Mali GDP by year

Angola
Mali
1x
Year GDP, current $
Angola Mali
2025 $122,174,889,424 $30,069,148,581
2024 $103,080,538,044 $26,761,281,077
2023 $106,042,349,567 $24,777,941,861
2022 $128,233,959,333 $22,539,987,719
2021 $78,283,923,544 $22,999,245,263
2020 $58,512,033,806 $20,698,560,939
2019 $81,193,813,808 $20,477,421,885
2018 $90,506,061,877 $20,368,015,381
2017 $85,629,598,654 $18,308,362,040
2016 $60,770,049,747 $16,743,796,800
2015 $102,543,067,841 $15,583,181,170
2014 $153,449,860,496 $17,081,681,993
2013 $148,845,200,696 $15,747,192,681
2012 $143,572,907,528 $14,795,114,603
2011 $125,551,634,705 $15,452,791,789
2010 $95,546,919,754 $12,710,739,160
2009 $81,705,175,409 $12,155,217,833
2008 $98,790,432,989 $11,462,490,840
2007 $73,037,821,926 $9,699,047,443
2006 $58,653,659,980 $8,212,007,554
2005 $41,396,636,384 $7,429,066,952
2004 $26,997,977,896 $6,485,774,930
2003 $20,342,128,112 $5,605,613,011
2002 $17,311,512,433 $4,647,238,257
2001 $8,936,079,118 $4,124,281,594
2000 $9,129,594,970 $3,521,570,876
1999 $6,152,923,310 $4,091,446,054
1998 $6,506,221,616 $3,894,433,432
1997 $7,648,380,196 $3,414,879,486
1996 $7,526,421,519 $3,743,103,420
1995 $5,538,749,260 $3,373,322,735
1994 $4,438,321,017 $2,655,768,636
1993 $5,768,720,422 $3,632,801,877
1992 $8,307,810,974 $3,680,775,037
1991 $10,603,784,541 $3,576,562,682
1990 $11,229,515,599 $3,248,417,791
1989 $10,201,780,977 $2,824,822,489
1988 $8,769,836,769 $2,712,207,901
1987 $8,084,412,414 $2,437,004,680
1986 $7,072,536,109 $2,132,938,007
1985 $7,554,065,410 $1,594,347,021
1984 $6,131,475,065 $1,387,809,615
1983 $5,784,341,596 $1,496,616,127
1982 $5,550,483,036 $1,680,304,773
1981 $5,550,483,036 $2,234,583,940
1980 $5,930,503,401 $2,704,362,789
1979 - $1,595,422,956
1978 - $1,222,702,573
1977 - $1,049,838,548
1976 - $939,228,017
1975 - $830,710,615
1974 - $538,747,340
1973 - $563,683,703
1972 - $486,617,280
1971 - $395,218,629
1970 - $359,772,315
1969 - $339,913,867
1968 - $343,771,973
1967 - $275,494,478

Data sources: World Bank | Economy & Growth (1967–2025, retrieved 2026-07-08).

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

GDP per capita in Angola vs Mali by year

Angola
GDP per capita

GDP per capita, PPP
Mali
GDP per capita

GDP per capita, PPP
1x
Year Current $
Angola Mali
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $3,129 - $1,193 -
2024 $2,721 $10,119 $1,093 $3,315
2023 $2,886 $9,754 $1,042 $3,175
2022 $3,599 $9,588 $977 $3,014
2021 $2,267 $8,862 $1,027 $2,796
2020 $1,749 $7,827 $953 $2,724
2019 $2,508 $8,573 $972 $2,820
2018 $2,892 $8,278 $996 $2,684
2017 $2,832 $8,007 $924 $2,607
2016 $2,082 $7,767 $872 $2,532
2015 $3,642 $8,067 $838 $2,330
2014 $5,650 $9,018 $948 $2,185
2013 $5,689 $8,504 $902 $2,059
2012 $5,702 $8,246 $873 $1,990
2011 $5,184 $7,538 $938 $2,046
2010 $4,102 $7,412 $797 $2,012
2009 $3,645 $7,228 $787 $1,945
2008 $4,578 $7,316 $767 $1,893
2007 $3,515 $6,728 $671 $1,852
2006 $2,930 $6,018 $587 $1,832
2005 $2,146 $5,416 $549 $1,771
2004 $1,451 $4,771 $495 $1,730
2003 $1,134 $4,322 $442 $1,715
2002 $999 $4,241 $378 $1,581
2001 $534 $3,802 $346 $1,559
2000 $564 $3,690 $305 $1,357
1999 $393 $3,619 $364 $1,376
1998 $429 $3,609 $357 $1,332
1997 $522 $3,525 $321 $1,267
1996 $531 $3,342 $360 $1,224
1995 $404 $2,990 $331 $1,154
1994 $335 $2,633 $266.5 $1,147
1993 $450 $2,628 $372 $1,087
1992 $669 $3,486 $385 $1,039
1991 $882 $3,740 $382 $1,091
1990 $966 $3,705 $354 $956
1989 $908 - $314 -
1988 $807 - $307 -
1987 $770 - $280.7 -
1986 $698 - $250 -
1985 $772 - $190.4 -
1984 $650 - $169.1 -
1983 $637 - $186.3 -
1982 $634 - $213.8 -
1981 $658 - $290.5 -
1980 $729 - $359 -
1979 - - $216.3 -
1978 - - $169.1 -
1977 - - $148.1 -
1976 - - $134.9 -
1975 - - $121.5 -
1974 - - $80.2 -
1973 - - $85.4 -
1972 - - $75.1 -
1971 - - $62 -
1970 - - $57.3 -
1969 - - $55 -
1968 - - $56.5 -
1967 - - $46 -

Data sources: World Bank | Economy & Growth (1967–2025, retrieved 2026-07-08).

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

Angola's GDP per capita is $3,129, ranking 142/197, compared to $1,193 in Mali, ranking 174/197. Adjusted for purchasing power (GDP per capita PPP), Angola ranks 133rd at $10,119, while Mali ranks 174th at $3,315.

Economic indicators

Angola Mali
Gross domestic product
$122B
2025
$30.1B
2025
GDP rank
68/197
2025
114/197
2025
GDP growth
3.13%
2024-2025
5.6%
2024-2025
GDP per capita
$3,129
2025
$1,193
2025
GDP per capita rank
142/197
2025
174/197
2025
GDP per capita, PPP
$10,119
2024
$3,315
2024
GDP per capita PPP rank
133/197
2024
174/197
2024
Government debt
$62.7B
2025
$12.6B
2025
Debt-to-GDP ratio
51.3%
2025
41.9%
2025
Government debt per person
$1,606
2025
$500
2025
Government debt per person rank
127/185
2025
168/185
2025
Average annual personal income after taxes
$2,550
2026
$1,949
2026
Income share by richest 10%
39.6%
2018
28.3%
2021
Income share by poorest 10%
1.3%
2018
3.2%
2021
Government expenditure, % of GDP
18.9%
2025
20.9%
2025
Consumer prices inflation
20.2%
2024-2025
2.3%
2024-2025
Central bank interest rate
17.5%
2026
n/a
Unemployment rate
10.4%
2025
4.5%
2024
Population
40839390
26322576

Spending and national debt comparison by year

Angola
Spending

Debt
Mali
Spending

Debt
1x
Year % of GDP
Angola Mali
Government spending Government debt Government spending Government debt
2025 18.9% 51.3% 20.9% 41.9%
2024 19% 57.1% 21% 44%
2023 23.3% 75.7% 21.2% 44.3%
2022 24.8% 57.4% 20.8% 42.9%
2021 22.8% 75.5% 22.5% 43.2%
2020 24.4% 119.8% 22% 39.8%
2019 20.9% 100.8% 19.5% 34.3%
2018 17.8% 81.6% 17% 31.4%
2017 20.7% 59.6% 19.2% 30.1%
2016 19.1% 65.7% 18.6% 30.1%
2015 23.9% 50.4% 17.6% 25.8%
2014 32.3% 35.3% 16.8% 22.6%
2013 32.9% 29.5% 16.6% 22.2%
2012 33.2% 23.8% 13.1% 21.3%
2011 33.3% 26.3% 17.3% 20.1%
2010 34.6% 32.6% 17.4% 21.8%
2009 38.7% 48.4% 19.6% 18.8%
2008 47.2% 28.1% 16.2% 17.3%
2007 34.1% 18.8% 18.1% 15.6%
2006 27.3% 16.7% 18.9% 15.4%
2005 23.7% 29.9% 18.3% 39.5%
2004 26% 41.6% 18.5% 36.1%
2003 30.1% 50.8% 17.8% 37.7%
2002 27.6% 65.1% 16.8% 36%
2001 30.3% 100.2% 15.7% 66.3%
2000 35.8% 118.2% 16.5% 77%
1999 45.7% 104.8% - -
1998 30.3% 96.3% - -
1997 31.1% 73.5% - -
1996 29.3% 92% - -

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

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

In 2025, Angola's government spending was $23B, accounting for 18.9% of its GDP, while Mali spent $6.29B, or 20.9% of GDP.

Debt-to-GDP ratio is 51.3% in Angola and 41.9% in Mali, ranking 103/185 and 125/185, respectively.

Government deficit by year

Deficit/surplus
Angola

Mali
1x
Year Deficit/surplus, % of GDP
Angola Mali
2025 -4.07% -1.59%
2024 -1.19% -2.16%
2023 -2.49% -3.05%
2022 1.78% -4.05%
2021 1.35% -4.12%
2020 -3.05% -4.56%
2019 -0.2% -1.42%
2018 2% -3.97%
2017 -5.68% -2.4%
2016 -3.93% -3.3%
2015 -2.58% -1.53%
2014 -5.08% -2.43%
2013 -0.28% -1.99%
2012 3.67% -0.8%
2011 7.17% -2.87%
2010 2.96% -2.21%
2009 -6.83% -3.19%
2008 -3.82% -1.69%
2007 3.81% -2.35%
2006 8.42% 23.7%
2005 6.4% -2.34%
2004 1.03% -2.01%
2003 -4.1% -1.01%
2002 -2.24% -2.61%
2001 2.8% -2.39%
2000 2.02% -2.25%
1999 -9.4% -
1998 -5.92% -
1997 -0.27% -
1996 5.22% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1996–2025, retrieved 2026-07-08).

GeoRank.org/economy/angola/mali | 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 Mali's deficit of $478M, or 1.59% of GDP.

Over the past 26 years, Angola recorded a fiscal deficit in 14 of those years, while Mali ran a deficit in 25 years. On average, Angola posted an annual deficit equal to 0.08% of GDP, compared to deficit of 1.48% of GDP for Mali.

Inflation comparison by year

Inflation
Angola

Mali
1x
Year Consumer prices inflation
Angola Mali
2025 20.2% 2.3%
2024 28.2% 3.2%
2023 13.6% 2.1%
2022 21.4% 9.7%
2021 25.8% 3.8%
2020 22.3% 0.5%
2019 17.1% -3%
2018 19.6% 1.9%
2017 29.8% 2.4%
2016 30.7% -1.8%
2015 9.2% 1.4%
2014 7.3% 0.9%
2013 8.8% -0.6%
2012 10.3% 5.3%
2011 13.5% 3%
2010 14.5% 1.2%
2009 13.7% 2.4%
2008 12.5% 9.2%
2007 12.2% 1.4%
2006 13.3% 1.6%
2005 23% 6.4%
2004 43.5% -3.1%
2003 98.2% -1.3%
2002 108.9% 5%
2001 152.6% 5.2%
2000 325% -0.8%
1999 248.2% -1.2%
1998 107.4% 4.1%
1997 221.5% -0.7%

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

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

Over the past 29 years, Angola has recorded an average annual inflation rate of 57.7%, compared with 2.09% in Mali. In 2025, inflation was 20.2% in Angola and 2.3% in Mali.

Top exports between countries

Angola
Export category Export value
Metals $1.4M
Textiles & consumer goods $245K
Machinery & equipment $41K
Animal & marine products $14K
Processed food, beverages & tobacco $3K
Chemicals & pharma $1K
Mali
Export category Export value
Textiles & consumer goods $8K
Processed food, beverages & tobacco $6K

Balance of trade

Angola Mali
Current account balance
$536M
2025
-$1.16B
2024
Current account balance ranking
57/190
2025
122/190
2024
Current account balance, % of GDP
+0.44%
2025
-4.33%
2024
Goods imports
$15.5B
2025
$5.49B
2024
Goods exports
$30.6B
2025
$5.48B
2024
Service imports
$8.51B
2025
$1.8B
2024
Service exports
$118M
2025
$516M
2024
Imports of goods and services, % of GDP
11.7%
2025
26.7%
2025
Exports of goods and services, % of GDP
23%
2025
22.1%
2025

Economic freedom indices

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

Angola Mali
Economic freedom 54.4 52.1
Economic freedom ranking 133/197 150/197
Property rights 36.9 13.8
Government integrity 28.3 23.2
Judicial effectiveness 26.3 23.3
Tax burden 86.9 67.9
Government spending 89.3 81.8
Fiscal health 91.9 73.6
Business freedom 42.8 40.8
Labor freedom 50.8 54.1
Monetary freedom 59 78.2
Trade freedom 70.4 64
Investment freedom 30 65
Financial freedom 40 40

Economic freedom comparison by year

Angola
Mali
1x
Year Economic freedom index
Angola Mali
2026 54.4 52.1
2025 55 52.6
2024 54.3 52.5
2023 53 54.5
2022 52.6 55.9
2021 54.2 55.6
2020 52.2 55.9
2019 50.6 58.1
2018 48.6 57.6
2017 48.5 58.6
2016 48.9 56.5
2015 47.9 56.4
2014 47.7 55.5
2013 47.3 56.4
2012 46.7 55.8
2011 46.2 56.3
2010 48.4 55.6
2009 47 55.6
2008 46.9 55.6
2007 44.7 54.7
2006 43.5 54.1
2005 - 57.3
2004 - 56.6
2003 - 58.6
2002 - 61.1
2001 - 60.1
2000 24.3 60.3
1999 23.7 58.4
1998 24.9 57.3
1997 24.2 56.4
1996 24.4 57
1995 27.4 52.4

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

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

The Economic Freedom Index for Angola is 54.4, ranking 133/197, compared to 52.1 for Mali, ranking 150/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Angola Mali
Services, % of GDP
46.8%
2025
36.6%
2025
Industry, % of GDP
27.1%
2025
23.4%
2025
Agriculture, forestry, and fishing, % of GDP
25.2%
2025
33%
2025
GNI, Atlas method
$112B
2025
$28.3B
2025
GNI per capita, PPP
$9,840
2025
$3,400
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
-$843M
2024
Net inflows of foreign direct investment
-$1.11B
2024
$921M
2024
Net outflows of foreign direct investment
$33.1M
2024
$78.1M
2024
Servicing debt to the IMF, % of GNI
11.3%
2024
1.42%
2024
Poverty at national poverty lines
36.6%
2020
43.3%
2024
Gross capital formation, % of GDP
10.6%
2024
20%
2025

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/mali | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1967–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1996–2025, 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 (2020–2024, retrieved 2026-07-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1996–1999, 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.