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Economy of Angola vs Mexico compared: GDP & Debt

Updated on by Georank

Angola has a GDP of $122B compared to $1.83T for Mexico, ranking 68/197 and 14/197 by economy size, respectively.

Angola has $62.7B in government debt (51.3% of GDP), compared to $1.13T (61.8% of GDP) in Mexico.

Angola vs Mexico GDP by year

Angola
Mexico
1x
Year GDP, current $
Angola Mexico
2025 $122,174,889,424 $1,832,641,364,776
2024 $103,080,538,044 $1,830,489,311,089
2023 $106,042,349,567 $1,794,410,347,718
2022 $128,233,959,333 $1,466,934,724,243
2021 $78,283,923,544 $1,316,569,466,834
2020 $58,512,033,806 $1,121,064,767,169
2019 $81,193,813,808 $1,304,106,204,006
2018 $90,506,061,877 $1,256,300,182,984
2017 $85,629,598,654 $1,190,721,475,853
2016 $60,770,049,747 $1,112,233,497,453
2015 $102,543,067,841 $1,213,294,467,654
2014 $153,449,860,496 $1,364,507,717,689
2013 $148,845,200,696 $1,327,436,290,439
2012 $143,572,907,528 $1,255,110,424,742
2011 $125,551,634,705 $1,229,013,703,417
2010 $95,546,919,754 $1,105,424,238,652
2009 $81,705,175,409 $943,437,414,951
2008 $98,790,432,989 $1,161,553,459,985
2007 $73,037,821,926 $1,102,355,554,880
2006 $58,653,659,980 $1,020,265,057,882
2005 $41,396,636,384 $917,571,853,437
2004 $26,997,977,896 $819,459,227,375
2003 $20,342,128,112 $765,549,967,889
2002 $17,311,512,433 $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 (1960–2025, retrieved 2026-07-08).

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
2025 $3,129 - $13,889 -
2024 $2,721 $10,119 $13,988 $26,185
2023 $2,886 $9,754 $13,831 $25,243
2022 $3,599 $9,588 $11,406 $23,135
2021 $2,267 $8,862 $10,314 $20,783
2020 $1,749 $7,827 $8,841 $19,354
2019 $2,508 $8,573 $10,370 $20,964
2018 $2,892 $8,278 $10,085 $20,921
2017 $2,832 $8,007 $9,649 $20,489
2016 $2,082 $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 (1960–2025, retrieved 2026-07-08).

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

Angola's GDP per capita is $3,129, ranking 142/197, compared to $13,889 in Mexico, ranking 76/197. 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
$122B
2025
$1.83T
2025
GDP rank
68/197
2025
14/197
2025
GDP growth
3.13%
2024-2025
0.56%
2024-2025
GDP per capita
$3,129
2025
$13,889
2025
GDP per capita rank
142/197
2025
76/197
2025
GDP per capita, PPP
$10,119
2024
$26,185
2024
GDP per capita PPP rank
133/197
2024
80/197
2024
Government debt
$62.7B
2025
$1.13T
2025
Debt-to-GDP ratio
51.3%
2025
61.8%
2025
Government debt per person
$1,606
2025
$8,577
2025
Government debt per person rank
127/185
2025
66/185
2025
Average annual personal income after taxes
$2,550
2026
$10,482
2026
Market capitalization of domestic companies n/a
$560B
2025
Number of millionaires n/a
333,000
2026
Number of billionaires n/a
22
2026
Income share by richest 10%
39.6%
2018
33.4%
2024
Income share by poorest 10%
1.3%
2018
2.1%
2024
Government expenditure, % of GDP
18.9%
2025
29.8%
2025
Consumer prices inflation
20.2%
2024-2025
3.81%
2024-2025
Central bank interest rate
17.5%
2026
6.5%
2026
Unemployment rate
10.4%
2025
2.54%
2025
Population
40839390
133551566

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
2025 18.9% 51.3% 29.8% 61.8%
2024 19% 57.1% 30.8% 59.1%
2023 23.3% 75.7% 28.6% 52.8%
2022 24.8% 57.4% 28.5% 53.8%
2021 22.8% 75.5% 26.7% 56.7%
2020 24.4% 119.8% 27.8% 58.5%
2019 20.9% 100.8% 25.3% 51.9%
2018 17.8% 81.6% 25% 52.2%
2017 20.7% 59.6% 25% 52.5%
2016 19.1% 65.7% 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 45.7% 104.8% 20.1% 41.7%
1998 30.3% 96.3% 19.5% 39.7%
1997 31.1% 73.5% 20.7% 39.1%
1996 29.3% 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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08).

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

In 2025, Angola's government spending was $23B, accounting for 18.9% of its GDP, while Mexico spent $547B, or 29.8% of GDP.

Debt-to-GDP ratio is 51.3% in Angola and 61.8% in Mexico, ranking 103/185 and 73/185, respectively.

Government deficit by year

Deficit/surplus
Angola

Mexico
1x
Year Deficit/surplus, % of GDP
Angola Mexico
2025 -4.07% -4.86%
2024 -1.19% -5.78%
2023 -2.49% -4.3%
2022 1.78% -4.32%
2021 1.35% -3.75%
2020 -3.05% -4.29%
2019 -0.2% -2.27%
2018 2% -2.14%
2017 -5.68% -1.03%
2016 -3.93% -2.68%
2015 -2.58% -3.86%
2014 -5.08% -4.37%
2013 -0.28% -3.56%
2012 3.67% -3.57%
2011 7.17% -3.2%
2010 2.96% -3.8%
2009 -6.83% -3.94%
2008 -3.82% -0.68%
2007 3.81% -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 -9.4% -4.49%
1998 -5.92% -4.49%
1997 -0.27% -3.48%
1996 5.22% -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 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/angola/mexico | 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 Mexico's deficit of $89B, or 4.86% of GDP.

Over the past 30 years, Angola recorded a fiscal deficit in 17 of those years, while Mexico ran a deficit in 30 years. On average, Angola posted an annual deficit equal to 0.42% of GDP, compared to deficit of 3.12% of GDP for Mexico.

Inflation comparison by year

Inflation
Angola

Mexico
1x
Year Consumer prices inflation
Angola Mexico
2025 20.2% 3.81%
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 (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Angola has recorded an average annual inflation rate of 57.7%, compared with 6.07% in Mexico. In 2025, inflation was 20.2% in Angola and 3.81% 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 $9.96M
Machinery & equipment $5.46M
Animal & marine products $111K
Textiles & consumer goods $9K
Chemicals & pharma $8K
Raw materials & minerals $1K

Balance of trade

Angola Mexico
Current account balance
$536M
2025
-$8.2B
2025
Current account balance ranking
57/190
2025
171/190
2025
Current account balance, % of GDP
+0.44%
2025
-0.45%
2025
Goods imports
$15.5B
2025
$665B
2025
Goods exports
$30.6B
2025
$666B
2025
Service imports
$8.51B
2025
$75.4B
2025
Service exports
$118M
2025
$64B
2025
Imports of goods and services, % of GDP
11.7%
2025
40.3%
2025
Exports of goods and services, % of GDP
23%
2025
39.6%
2025

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 2026-07-08).

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
46.8%
2025
58.9%
2025
Industry, % of GDP
27.1%
2025
30.6%
2025
Agriculture, forestry, and fishing, % of GDP
25.2%
2025
3.88%
2025
GNI, Atlas method
$112B
2025
$1.81T
2025
GNI per capita, PPP
$9,840
2025
$25,070
2025
Total reserves including gold
$13.5B
2025
$256B
2025
Total reserves ranking
75/177
2025
17/177
2025
Net foreign direct investment
-$1.02B
2025
-$31.8B
2025
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
11.3%
2024
3.77%
2024
Poverty at national poverty lines
36.6%
2020
29.6%
2024
Gross capital formation, % of GDP
10.6%
2024
22.6%
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/mexico | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1900–1999, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2022–2025, 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.