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Economy of Angola vs Mexico compared: GDP & Debt

Updated on by Georank team

Angola has a GDP of $101B compared to $1.86T for Mexico, ranking 71/197 and 13/197 by economy size, respectively.

Angola has $60.5B in government debt (59.9% of GDP), compared to $1.08T (58.3% of GDP) in Mexico.

Angola vs Mexico GDP by year

Angola
Mexico
1x
Year GDP, current $
Angola Mexico
2024 $100,998,916,781 $1,856,365,616,166
2023 $107,167,747,140 $1,798,317,581,487
2022 $131,212,208,930 $1,466,934,724,293
2021 $79,559,543,805 $1,316,569,466,686
2020 $58,852,456,454 $1,121,064,767,308
2019 $80,734,428,593 $1,304,106,203,902
2018 $89,512,794,227 $1,256,300,182,880
2017 $84,376,935,689 $1,190,721,475,906
2016 $59,878,249,719 $1,112,233,497,453
2015 $102,543,067,841 $1,213,294,467,717
2014 $153,449,860,496 $1,364,507,717,614
2013 $148,845,200,697 $1,327,436,290,283
2012 $143,572,907,528 $1,255,110,424,818
2011 $125,551,634,704 $1,229,013,703,417
2010 $95,546,919,755 $1,105,424,238,731
2009 $81,705,175,408 $943,437,415,025
2008 $98,790,432,989 $1,161,553,459,715
2007 $73,037,821,927 $1,102,355,554,972
2006 $58,653,659,980 $1,020,265,057,882
2005 $41,396,636,383 $917,571,853,529
2004 $26,997,977,897 $819,459,227,375
2003 $20,342,128,112 $765,549,967,703
2002 $17,311,512,432 $810,666,116,402
2001 $8,936,079,118 $796,064,590,549
2000 $9,129,594,970 $742,061,329,749
1999 $6,152,923,310 $631,249,359,702
1998 $6,506,221,616 $557,461,102,631
1997 $7,648,380,196 $523,449,530,464
1996 $7,526,421,519 $432,157,945,024
1995 $5,538,749,260 $380,157,469,867
1994 $4,438,321,017 $553,618,247,901
1993 $5,768,720,422 $530,160,763,663
1992 $8,307,810,974 $363,157,832,924
1991 $10,603,784,541 $313,139,656,146
1990 $11,229,515,599 $261,253,675,693
1989 $10,201,780,977 $221,403,098,267
1988 $8,769,836,769 $181,611,150,497
1987 $8,084,412,414 $147,542,558,209
1986 $7,072,536,109 $134,556,034,673
1985 $7,554,065,410 $195,241,069,482
1984 $6,131,475,065 $184,230,754,105
1983 $5,784,341,596 $156,167,000,433
1982 $5,550,483,036 $184,602,611,610
1981 $5,550,483,036 $263,797,827,860
1980 $5,930,503,401 $205,577,055,466
1979 - $134,531,900,899
1978 - $102,648,570,299
1977 - $81,912,018,784
1976 - $88,875,923,765
1975 - $88,000,000,000
1974 - $72,000,000,000
1973 - $55,280,000,000
1972 - $45,200,000,000
1971 - $39,200,000,000
1970 - $35,520,000,000
1969 - $32,480,000,000
1968 - $29,360,000,000
1967 - $26,560,000,000
1966 - $24,320,000,000
1965 - $21,840,000,000
1964 - $20,080,000,000
1963 - $16,960,000,000
1962 - $15,200,000,000
1961 - $14,160,000,000
1960 - $13,040,000,000

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

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

GDP per capita in Angola vs Mexico by year

Angola
GDP per capita

GDP per capita, PPP
Mexico
GDP per capita

GDP per capita, PPP
1x
Year Current $
Angola Mexico
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,666 $10,119 $14,186 $26,185
2023 $2,916 $9,754 $13,861 $25,243
2022 $3,682 $9,588 $11,406 $23,135
2021 $2,304 $8,862 $10,314 $20,783
2020 $1,759 $7,827 $8,841 $19,354
2019 $2,494 $8,573 $10,370 $20,964
2018 $2,860 $8,278 $10,085 $20,921
2017 $2,791 $8,007 $9,649 $20,489
2016 $2,052 $7,767 $9,098 $20,105
2015 $3,642 $8,067 $10,021 $19,071
2014 $5,650 $9,018 $11,391 $18,821
2013 $5,689 $8,504 $11,217 $18,170
2012 $5,702 $8,246 $10,744 $18,005
2011 $5,184 $7,538 $10,664 $17,267
2010 $4,102 $7,412 $9,729 $15,909
2009 $3,645 $7,228 $8,424 $15,191
2008 $4,578 $7,316 $10,524 $15,681
2007 $3,515 $6,728 $10,134 $15,032
2006 $2,930 $6,018 $9,513 $14,540
2005 $2,146 $5,416 $8,672 $13,260
2004 $1,451 $4,771 $7,850 $12,658
2003 $1,134 $4,322 $7,434 $12,066
2002 $999 $4,241 $7,983 $11,762
2001 $534 $3,802 $7,953 $11,739
2000 $564 $3,690 $7,524 $11,705
1999 $393 $3,619 $6,500 $11,031
1998 $429 $3,609 $5,833 $10,756
1997 $522 $3,525 $5,567 $10,182
1996 $531 $3,342 $4,674 $9,496
1995 $404 $2,990 $4,184 $8,933
1994 $335 $2,633 $6,202 $9,466
1993 $450 $2,628 $6,048 $9,041
1992 $669 $3,486 $4,221 $9,470
1991 $882 $3,740 $3,709 $9,079
1990 $966 $3,705 $3,154 $8,578
1989 $908 - $2,725 -
1988 $807 - $2,279 -
1987 $770 - $1,888 -
1986 $698 - $1,757 -
1985 $772 - $2,602 -
1984 $650 - $2,506 -
1983 $637 - $2,170 -
1982 $634 - $2,621 -
1981 $658 - $3,829 -
1980 $729 - $3,055 -
1979 - - $2,049 -
1978 - - $1,604 -
1977 - - $1,315 -
1976 - - $1,465 -
1975 - - $1,492 -
1974 - - $1,256 -
1973 - - $993 -
1972 - - $837 -
1971 - - $748 -
1970 - - $699 -
1969 - - $660 -
1968 - - $616 -
1967 - - $576 -
1966 - - $545 -
1965 - - $506 -
1964 - - $481 -
1963 - - $420 -
1962 - - $388 -
1961 - - $374 -
1960 - - $355 -

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

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

Angola's GDP per capita is $2,666, ranking 144/197, compared to $14,186 in Mexico, ranking 69/197. Adjusted for purchasing power (GDP per capita PPP), Angola ranks 133rd at $10,119, while Mexico ranks 80th at $26,185.

Economic indicators

Angola Mexico
Gross domestic product
$101B
2024
$1.86T
2024
GDP rank
71/197
2024
13/197
2024
GDP growth
4.42%
2023-2024
1.43%
2023-2024
GDP per capita
$2,666
2024
$14,186
2024
GDP per capita rank
144/197
2024
69/197
2024
GDP per capita, PPP
$10,119
2024
$26,185
2024
GDP per capita PPP rank
133/197
2024
80/197
2024
Government debt
$60.5B
2024
$1.08T
2024
Debt-to-GDP ratio
59.9%
2024
58.3%
2024
Government debt per person
$1,597
2024
$8,272
2024
Government debt per person rank
127/185
2024
63/185
2024
Average annual personal income after taxes
$28,080
2026
$10,231
2026
Market capitalization of domestic companies n/a
$418B
2024
Number of millionaires n/a
399,000
2025
Number of billionaires n/a
22
2025
Income share by richest 10%
39.6%
2018
34.4%
2022
Income share by poorest 10%
1.3%
2018
2.1%
2022
Government expenditure, % of GDP
18.4%
2024
30.3%
2024
Consumer prices inflation
28.2%
2023-2024
4.72%
2023-2024
Central bank interest rate
18%
2023
7%
2025
Unemployment rate
14.1%
2022
2.62%
2024
Population
40555924
133323134

Spending and national debt comparison by year

Angola
Spending

Debt
Mexico
Spending

Debt
1x
Year % of GDP
Angola Mexico
Government spending Government debt Government spending Government debt
2024 18.4% 59.9% 30.3% 58.3%
2023 18.8% 72.4% 28.5% 52.6%
2022 19.5% 56.1% 28.5% 53.8%
2021 17.3% 74.3% 26.7% 56.7%
2020 20% 119.1% 27.8% 58.5%
2019 18.2% 101.4% 25.3% 51.9%
2018 18.3% 82.5% 25% 52.2%
2017 21% 60.5% 25% 52.5%
2016 19.4% 66.7% 26.5% 55%
2015 23.9% 50.4% 26.6% 51%
2014 32.3% 35.3% 26.9% 47.1%
2013 32.9% 29.5% 26.7% 44.1%
2012 33.2% 23.8% 27% 40.8%
2011 33.3% 26.3% 26.6% 41.2%
2010 34.6% 32.6% 26.5% 40.2%
2009 38.7% 48.4% 26.5% 41.7%
2008 47.2% 28.1% 26.5% 40.6%
2007 34.1% 18.8% 22.5% 35.5%
2006 27.3% 16.7% 21.6% 35.8%
2005 23.7% 29.9% 21.2% 36.8%
2004 26% 41.6% 20.5% 38.9%
2003 30.1% 50.8% 21.5% 42.1%
2002 27.6% 65.1% 19.8% 39.9%
2001 30.3% 100.2% 19.5% 37.3%
2000 35.8% 118.2% 19.4% 38.5%
1999 39.4% 104.8% 20.1% 41.7%
1998 26.1% 96.3% 19.5% 39.7%
1997 26.8% 73.5% 20.7% 39.1%
1996 25.2% 92% 20.8% 42.5%
1995 - - 18.9% 30.7%
1994 - - 18.9% 26.8%
1993 - - 18.2% 19.2%
1992 - - 19% 21.5%
1991 - - 20.1% 29.2%
1990 - - 22.9% 35.7%
1989 - - 19.2% 36%
1988 - - 23.6% 36.5%
1987 - - 26.7% 52.7%
1986 - - 25.1% 47.8%
1985 - - 21.4% 30.4%
1984 - - 19.8% 25.2%
1983 - - 21.6% 25.3%
1982 - - 24.7% 29.8%
1981 - - 20.1% 41.7%
1980 - - 17.5% 31.4%
1979 - - 16.5% 35.8%
1978 - - 15.7% 39%
1977 - - 15.5% 41.5%
1976 - - 15.5% 31.3%
1975 - - 14.7% 24.4%
1974 - - 13.8% 21.7%
1973 - - 12.7% 20%
1972 - - 11.9% 17.9%
1971 - - 10.6% 17%
1970 - - 10.9% 17.1%
1969 - - 11.8% 10.7%
1968 - - 10.9% 7.85%
1967 - - 10.4% 8.22%
1966 - - 11.6% 5.14%
1965 - - 10.7% 9.99%
1964 - - 9.21% 6.22%
1963 - - 8.51% 4.13%
1962 - - 8.26% 4.2%
1961 - - 8.01% 4.38%
1960 - - 9.5% 4.58%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

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

In 2024, Angola's government spending was $18.6B, accounting for 18.4% of its GDP, while Mexico spent $563B, or 30.3% of GDP.

Debt-to-GDP ratio is 59.9% in Angola and 58.3% in Mexico, ranking 78/185 and 84/185, respectively.

Government deficit by year

Deficit/surplus
Angola

Mexico
1x
Year Deficit/surplus, % of GDP
Angola Mexico
2024 -1.01% -5.73%
2023 -1.83% -4.29%
2022 0.58% -4.32%
2021 3.4% -3.75%
2020 -1.66% -4.29%
2019 0.69% -2.27%
2018 2.03% -2.14%
2017 -5.75% -1.03%
2016 -3.98% -2.68%
2015 -2.57% -3.86%
2014 -5.07% -4.37%
2013 -0.27% -3.56%
2012 3.68% -3.57%
2011 7.2% -3.2%
2010 2.98% -3.8%
2009 -6.8% -3.94%
2008 -3.8% -0.68%
2007 3.85% -1.46%
2006 8.42% -1.23%
2005 6.4% -1.43%
2004 1.03% -1.35%
2003 -4.1% -2.24%
2002 -2.24% -2.18%
2001 2.8% -2.57%
2000 2.02% -2.69%
1999 -8.1% -4.49%
1998 -5.1% -4.49%
1997 -0.23% -3.48%
1996 4.49% -3.66%
1995 - -2.28%
1994 - -2.25%
1993 - -1.51%
1992 - 2.26%
1991 - 1.49%
1990 - -3.11%
1989 - -4.75%
1988 - -8.76%
1987 - -11.6%
1986 - -11.2%
1985 - -7.2%
1984 - -5.79%
1983 - -6.03%
1982 - -11.4%
1981 - -4.9%
1980 - -1.75%
1979 - -2.15%
1978 - -1.88%
1977 - -2.43%
1976 - -3.14%
1975 - -2.64%
1974 - -3.33%
1973 - -2.75%
1972 - -2.3%
1971 - -1.43%
1970 - -1.71%
1969 - -2.74%
1968 - -2.06%
1967 - -2.12%
1966 - -3.2%
1965 - -2.51%
1964 - -1.44%
1963 - -0.92%
1962 - -0.79%
1961 - -0.88%
1960 - -1.36%
1959 - -0.73%
1958 - 0.24%
1957 - -0.03%
1956 - 0.52%
1955 - 0.6%
1954 - -0.94%
1953 - -0.58%
1952 - 0.42%
1951 - -0.26%
1950 - -0.2%
1949 - 0.44%
1948 - -1.55%
1947 - -0.93%
1946 - 0.66%
1945 - -1.11%
1944 - -1.12%
1943 - 0.05%
1942 - -0.93%
1941 - -0.26%
1940 - -0.4%
1939 - -0.06%
1938 - -0.91%
1937 - -0.41%
1936 - -0.39%
1935 - 0.26%
1934 - 0.72%
1933 - -0.58%
1932 - 0%
1931 - 0.71%
1930 - 0.21%
1929 - 0.95%
1928 - 0.24%
1927 - -0.3%
1926 - -0.29%
1925 - 0.46%
1924 - 1.34%
1923 - 1.02%
1922 - 1.13%
1921 - 0.64%
1920 - 0.91%
1919 - 0.41%
1918 - -0.19%
1917 - 0.63%
1916 - -
1915 - -
1914 - -
1913 - 0.28%
1912 - -0.79%
1911 - -0.31%
1910 - 0.1%
1909 - 0.15%
1908 - -0.08%
1907 - 0.43%
1906 - 0.72%
1905 - 0.35%
1904 - 1.09%
1903 - 3.82%
1902 - 0.42%
1901 - 0.62%
1900 - 0.76%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1900–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/angola/mexico | 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 Mexico's deficit of $106B, or 5.73% of GDP.

Over the past 29 years, Angola recorded a fiscal deficit in 15 of those years, while Mexico ran a deficit in 29 years. On average, Angola posted an annual deficit equal to 0.1% of GDP, compared to deficit of 3.06% of GDP for Mexico.

Inflation comparison by year

Inflation
Angola

Mexico
1x
Year Consumer prices inflation
Angola Mexico
2024 28.2% 4.72%
2023 13.6% 5.53%
2022 21.4% 7.9%
2021 25.8% 5.69%
2020 22.3% 3.4%
2019 17.1% 3.64%
2018 19.6% 4.9%
2017 29.8% 6.04%
2016 30.7% 2.82%
2015 9.2% 2.72%
2014 7.3% 4.02%
2013 8.8% 3.81%
2012 10.3% 4.11%
2011 13.5% 3.41%
2010 14.5% 4.16%
2009 13.7% 5.3%
2008 12.5% 5.12%
2007 12.2% 3.97%
2006 13.3% 3.63%
2005 23% 3.99%
2004 43.5% 4.69%
2003 98.2% 4.55%
2002 108.9% 5.03%
2001 152.6% 6.37%
2000 325% 9.49%
1999 248.2% 16.6%
1998 107.4% 15.9%
1997 221.5% 20.6%

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/mexico | CC BY

Over the past 28 years, Angola has recorded an average annual inflation rate of 59%, compared with 6.15% in Mexico. In 2024, inflation was 28.2% in Angola and 4.72% in Mexico.

Top exports between countries

Angola
Export category Export value
Machinery & equipment $11.7M
Processed food, beverages & tobacco $51K
Metals $16K
Textiles & consumer goods $7K
Chemicals & pharma $2K
Wood & paper products $2K
Precious metals & jewellery $1K
Mexico
Export category Export value
Metals $13.7M
Machinery & equipment $2.61M
Animal & marine products $111K
Chemicals & pharma $16K
Textiles & consumer goods $9K

Balance of trade

Angola Mexico
Current account balance
$6.31B
2024
-$16.7B
2024
Current account balance ranking
30/190
2024
181/190
2024
Current account balance, % of GDP
+6.25%
2024
-0.9%
2024
Goods imports
$14.2B
2024
$637B
2024
Goods exports
$36.8B
2024
$618B
2024
Service imports
$8.49B
2024
$72B
2024
Service exports
$129M
2024
$63B
2024
Imports of goods and services, % of GDP
19.4%
2024
37.9%
2024
Exports of goods and services, % of GDP
31.5%
2024
36.7%
2024

Economic freedom indices

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

Angola Mexico
Economic freedom 54.4 59.8
Economic freedom ranking 133/197 102/197
Property rights 36.9 37.6
Government integrity 28.3 28.8
Judicial effectiveness 26.3 40.4
Tax burden 86.9 75.4
Government spending 89.3 74.6
Fiscal health 91.9 56.7
Business freedom 42.8 67
Labor freedom 50.8 57.3
Monetary freedom 59 70.6
Trade freedom 70.4 74.2
Investment freedom 30 75
Financial freedom 40 60

Economic freedom comparison by year

Angola
Mexico
1x
Year Economic freedom index
Angola Mexico
2026 54.4 59.8
2025 55 61.3
2024 54.3 62
2023 53 63.2
2022 52.6 63.7
2021 54.2 65.5
2020 52.2 66
2019 50.6 64.7
2018 48.6 64.8
2017 48.5 63.6
2016 48.9 65.2
2015 47.9 66.4
2014 47.7 66.8
2013 47.3 67
2012 46.7 65.3
2011 46.2 67.8
2010 48.4 68.3
2009 47 65.8
2008 46.9 66.2
2007 44.7 66
2006 43.5 64.7
2005 - 65.2
2004 - 66
2003 - 65.3
2002 - 63
2001 - 60.6
2000 24.3 59.3
1999 23.7 58.5
1998 24.9 57.9
1997 24.2 57.1
1996 24.4 61.2
1995 27.4 63.1

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

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

The Economic Freedom Index for Angola is 54.4, ranking 133/197, compared to 59.8 for Mexico, ranking 102/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Angola Mexico
Services, % of GDP
41.1%
2024
58.1%
2024
Industry, % of GDP
34.6%
2024
31.8%
2024
Agriculture, forestry, and fishing, % of GDP
22.1%
2024
3.72%
2024
GNI, Atlas method
$108B
2024
$1.68T
2024
GNI per capita, PPP
$9,460
2024
$25,460
2024
Total reserves including gold
$14.2B
2024
$232B
2024
Total reserves ranking
69/177
2024
16/177
2024
Net foreign direct investment
$1.14B
2024
-$32.3B
2024
Net inflows of foreign direct investment
-$1.11B
2024
$45.5B
2024
Net outflows of foreign direct investment
$33.1M
2024
$13B
2024
Servicing debt to the IMF, % of GNI
11.5%
2024
3.71%
2024
Poverty at national poverty lines
36.6%
2020
29.6%
2024
Gross capital formation, % of GDP
10.4%
2024
24.1%
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/mexico | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1900–1999, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2022–2024, retrieved 2026-02-08)
  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.