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Economy of Angola vs Morocco compared: GDP & Debt

Updated on by Georank team

Angola has a GDP of $101B compared to $161B for Morocco, ranking 71/197 and 58/197 by economy size, respectively.

Angola has $60.5B in government debt (59.9% of GDP), compared to $109B (67.7% of GDP) in Morocco.

Angola vs Morocco GDP by year

Angola
Morocco
1x
Year GDP, current $
Angola Morocco
2024 $100,998,916,781 $160,610,994,055
2023 $107,167,747,140 $146,036,093,667
2022 $131,212,208,930 $131,245,312,804
2021 $79,559,543,805 $142,022,058,447
2020 $58,852,456,454 $121,353,645,057
2019 $80,734,428,593 $128,920,266,409
2018 $89,512,794,227 $127,341,147,582
2017 $84,376,935,689 $118,540,573,368
2016 $59,878,249,719 $111,572,947,005
2015 $102,543,067,841 $110,413,823,842
2014 $153,449,860,496 $119,130,841,412
2013 $148,845,200,697 $115,739,287,305
2012 $143,572,907,528 $106,937,392,311
2011 $125,551,634,704 $110,080,631,332
2010 $95,546,919,755 $100,865,329,473
2009 $81,705,175,408 $101,154,952,241
2008 $98,790,432,989 $101,822,906,949
2007 $73,037,821,927 $86,947,913,287
2006 $58,653,659,980 $75,883,823,301
2005 $41,396,636,383 $68,852,658,069
2004 $26,997,977,897 $66,114,145,451
2003 $20,342,128,112 $58,029,363,354
2002 $17,311,512,432 $47,077,192,188
2001 $8,936,079,118 $43,831,480,208
2000 $9,129,594,970 $43,017,455,402
1999 $6,152,923,310 $46,266,428,648
1998 $6,506,221,616 $46,497,608,725
1997 $7,648,380,196 $39,147,844,526
1996 $7,526,421,519 $43,161,571,528
1995 $5,538,749,260 $39,030,285,468
1994 $4,438,321,017 $35,604,137,423
1993 $5,768,720,422 $31,655,473,664
1992 $8,307,810,974 $33,711,069,431
1991 $10,603,784,541 $32,285,573,574
1990 $11,229,515,599 $30,179,954,775
1989 $10,201,780,977 $26,314,313,191
1988 $8,769,836,769 $25,705,296,184
1987 $8,084,412,414 $21,765,195,948
1986 $7,072,536,109 $19,462,085,540
1985 $7,554,065,410 $14,991,283,216
1984 $6,131,475,065 $14,824,667,954
1983 $5,784,341,596 $16,251,408,128
1982 $5,550,483,036 $17,692,276,734
1981 $5,550,483,036 $17,788,185,479
1980 $5,930,503,401 $21,728,516,153
1979 - $15,911,994,817
1978 - $13,236,946,234
1977 - $11,049,783,872
1976 - $9,584,297,284
1975 - $8,984,853,005
1974 - $7,675,466,449
1973 - $6,242,145,880
1972 - $5,074,117,545
1971 - $4,356,669,034
1970 - $3,956,336,244
1969 - $3,651,622,669
1968 - $3,271,422,333
1967 - $3,046,345,314
1966 - $2,876,401,297
1965 - $2,948,331,090
1964 - $2,798,345,299
1963 - $2,657,252,578
1962 - $2,379,611,125
1961 - $2,025,693,540
1960 - $2,037,154,742

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

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

GDP per capita in Angola vs Morocco by year

Angola
GDP per capita

GDP per capita, PPP
Morocco
GDP per capita

GDP per capita, PPP
1x
Year Current $
Angola Morocco
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,666 $10,119 $4,218 $10,415
2023 $2,916 $9,754 $3,872 $9,895
2022 $3,682 $9,588 $3,516 $9,310
2021 $2,304 $8,862 $3,843 $8,623
2020 $1,759 $7,827 $3,317 $7,705
2019 $2,494 $8,573 $3,560 $8,046
2018 $2,860 $8,278 $3,553 $7,801
2017 $2,791 $8,007 $3,344 $8,115
2016 $2,052 $7,767 $3,186 $7,853
2015 $3,642 $8,067 $3,190 $7,799
2014 $5,650 $9,018 $3,483 $7,237
2013 $5,689 $8,504 $3,425 $7,542
2012 $5,702 $8,246 $3,206 $7,308
2011 $5,184 $7,538 $3,345 $7,274
2010 $4,102 $7,412 $3,107 $6,849
2009 $3,645 $7,228 $3,158 $6,629
2008 $4,578 $7,316 $3,222 $6,437
2007 $3,515 $6,728 $2,788 $6,058
2006 $2,930 $6,018 $2,466 $5,781
2005 $2,146 $5,416 $2,268 $5,275
2004 $1,451 $4,771 $2,207 $5,025
2003 $1,134 $4,322 $1,962 $4,741
2002 $999 $4,241 $1,612 $4,436
2001 $534 $3,802 $1,521 $4,269
2000 $564 $3,690 $1,513 $3,930
1999 $393 $3,619 $1,651 $3,801
1998 $429 $3,609 $1,683 $3,740
1997 $522 $3,525 $1,439 $3,502
1996 $531 $3,342 $1,610 $3,551
1995 $404 $2,990 $1,478 $3,152
1994 $335 $2,633 $1,369 $3,315
1993 $450 $2,628 $1,236 $2,979
1992 $669 $3,486 $1,337 $2,979
1991 $882 $3,740 $1,302 $3,025
1990 $966 $3,705 $1,238 $2,777
1989 $908 - $1,099 -
1988 $807 - $1,094 -
1987 $770 - $944 -
1986 $698 - $861 -
1985 $772 - $678 -
1984 $650 - $687 -
1983 $637 - $772 -
1982 $634 - $862 -
1981 $658 - $890 -
1980 $729 - $1,117 -
1979 - - $839 -
1978 - - $716 -
1977 - - $613 -
1976 - - $545 -
1975 - - $524 -
1974 - - $459 -
1973 - - $382 -
1972 - - $319 -
1971 - - $280.6 -
1970 - - $261.5 -
1969 - - $247.8 -
1968 - - $228 -
1967 - - $218.1 -
1966 - - $211.5 -
1965 - - $222.7 -
1964 - - $216.9 -
1963 - - $211.3 -
1962 - - $194.2 -
1961 - - $169.8 -
1960 - - $175.2 -

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

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

Angola's GDP per capita is $2,666, ranking 144/197, compared to $4,218 in Morocco, ranking 127/197. Adjusted for purchasing power (GDP per capita PPP), Angola ranks 133rd at $10,119, while Morocco ranks 132nd at $10,415.

Economic indicators

Angola Morocco
Gross domestic product
$101B
2024
$161B
2024
GDP rank
71/197
2024
58/197
2024
GDP growth
4.42%
2023-2024
3.79%
2023-2024
GDP per capita
$2,666
2024
$4,218
2024
GDP per capita rank
144/197
2024
127/197
2024
GDP per capita, PPP
$10,119
2024
$10,415
2024
GDP per capita PPP rank
133/197
2024
132/197
2024
Government debt
$60.5B
2024
$109B
2024
Debt-to-GDP ratio
59.9%
2024
67.7%
2024
Government debt per person
$1,597
2024
$2,857
2024
Government debt per person rank
127/185
2024
104/185
2024
Average annual personal income after taxes
$28,080
2026
$5,678
2026
Market capitalization of domestic companies n/a
$74.5B
2024
Number of billionaires n/a
3
2025
Income share by richest 10%
39.6%
2018
31.9%
2013
Income share by poorest 10%
1.3%
2018
2.7%
2013
Government expenditure, % of GDP
18.4%
2024
33%
2024
Consumer prices inflation
28.2%
2023-2024
0.99%
2023-2024
Central bank interest rate
18%
2023
2.25%
2025
Unemployment rate
14.1%
2022
11.8%
2022
Population
40555924
38871720

Spending and national debt comparison by year

Angola
Spending

Debt
Morocco
Spending

Debt
1x
Year % of GDP
Angola Morocco
Government spending Government debt Government spending Government debt
2024 18.4% 59.9% 33% 67.7%
2023 18.8% 72.4% 32% 68.7%
2022 19.5% 56.1% 33.7% 71.4%
2021 17.3% 74.3% 31% 69.4%
2020 20% 119.1% 34.1% 72.2%
2019 18.2% 101.4% 27.6% 60.3%
2018 18.3% 82.5% 27.8% 60.5%
2017 21% 60.5% 27.9% 60.3%
2016 19.4% 66.7% 28.6% 60.1%
2015 23.9% 50.4% 28.5% 58.4%
2014 32.3% 35.3% 30.7% 58.6%
2013 32.9% 29.5% 30.4% 57.1%
2012 33.2% 23.8% 32.5% 52.3%
2011 33.3% 26.3% 31.2% 48.6%
2010 34.6% 32.6% 28.7% 45.3%
2009 38.7% 48.4% 28.1% 42.6%
2008 47.2% 28.1% 28.3% 42%
2007 34.1% 18.8% 26.4% 47.1%
2006 27.3% 16.7% 26% 50.6%
2005 23.7% 29.9% 28.6% 54.8%
2004 26% 41.6% 24.5% 54.4%
2003 30.1% 50.8% 24.1% 56.9%
2002 27.6% 65.1% 25.8% 59.4%
2001 30.3% 100.2% 23.7% 60.4%
2000 35.8% 118.2% 22.8% 64.9%
1999 39.4% 104.8% 18.4% 63.4%
1998 26.1% 96.3% 18.7% 64.5%
1997 26.8% 73.5% 18.6% 68%
1996 25.2% 92% 17.6% 65.3%
1995 - - 21.3% 72.2%
1994 - - 21.7% 69.3%
1993 - - 23.1% 74.7%
1992 - - 22.3% 67%
1991 - - 20.8% 59.1%
1990 - - 22.6% 70.5%

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/morocco | CC BY

In 2024, Angola's government spending was $18.6B, accounting for 18.4% of its GDP, while Morocco spent $53.1B, or 33% of GDP.

Debt-to-GDP ratio is 59.9% in Angola and 67.7% in Morocco, ranking 78/185 and 60/185, respectively.

Government deficit by year

Deficit/surplus
Angola

Morocco
1x
Year Deficit/surplus, % of GDP
Angola Morocco
2024 -1.01% -3.92%
2023 -1.83% -4.41%
2022 0.58% -5.37%
2021 3.4% -5.92%
2020 -1.66% -7.15%
2019 0.69% -3.8%
2018 2.03% -3.52%
2017 -5.75% -3.3%
2016 -3.98% -4.49%
2015 -2.57% -4.59%
2014 -5.07% -4.78%
2013 -0.27% -4.7%
2012 3.68% -6.63%
2011 7.2% -6.08%
2010 2.98% -3.93%
2009 -6.8% -1.63%
2008 -3.8% 0.63%
2007 3.85% -0.12%
2006 8.42% -1.8%
2005 6.4% -5.46%
2004 1.03% -3.31%
2003 -4.1% -3.74%
2002 -2.24% -4.37%
2001 2.8% -3.79%
2000 2.02% -1.97%
1999 -8.1% 3.21%
1998 -5.1% 1.47%
1997 -0.23% 1.5%
1996 4.49% 0.87%
1995 - -2.54%
1994 - -2.51%
1993 - -2%
1992 - -1.84%
1991 - -0.9%
1990 - -1.32%

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

GeoRank.org/economy/angola/morocco | 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 Morocco's deficit of $6.3B, or 3.92% of GDP.

Over the past 29 years, Angola recorded a fiscal deficit in 15 of those years, while Morocco ran a deficit in 24 years. On average, Angola posted an annual deficit equal to 0.1% of GDP, compared to deficit of 3.14% of GDP for Morocco.

Inflation comparison by year

Inflation
Angola

Morocco
1x
Year Consumer prices inflation
Angola Morocco
2024 28.2% 0.99%
2023 13.6% 6.09%
2022 21.4% 6.66%
2021 25.8% 1.4%
2020 22.3% 0.71%
2019 17.1% 0.3%
2018 19.6% 1.8%
2017 29.8% 0.75%
2016 30.7% 1.64%
2015 9.2% 1.56%
2014 7.3% 0.44%
2013 8.8% 1.88%
2012 10.3% 1.29%
2011 13.5% 0.91%
2010 14.5% 0.99%
2009 13.7% 0.97%
2008 12.5% 3.71%
2007 12.2% 2.04%
2006 13.3% 3.28%
2005 23% 0.98%
2004 43.5% 1.49%
2003 98.2% 1.17%
2002 108.9% 2.8%
2001 152.6% 0.62%
2000 325% 1.89%
1999 248.2% 0.68%
1998 107.4% 2.75%
1997 221.5% 1.04%

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/morocco | CC BY

Over the past 28 years, Angola has recorded an average annual inflation rate of 59%, compared with 1.82% in Morocco. In 2024, inflation was 28.2% in Angola and 0.99% in Morocco.

Top exports between countries

Angola
Export category Export value
Raw materials & minerals $9.32M
Processed food, beverages & tobacco $2.91M
Raw agricultural goods $179K
Precious metals & jewellery $155K
Animal & marine products $77K
Chemicals & pharma $51K
Wood & paper products $22K
Machinery & equipment $2K
Miscellaneous $1K
Textiles & consumer goods $1K
Morocco
Export category Export value
Processed food, beverages & tobacco $8.69M
Raw materials & minerals $6.63M
Textiles & consumer goods $569K
Machinery & equipment $511K
Chemicals & pharma $365K
Raw agricultural goods $123K
Animal & marine products $68K
Metals $33K
Wood & paper products $12K
Miscellaneous $8K

Balance of trade

Angola Morocco
Current account balance
$6.31B
2024
-$1.87B
2024
Current account balance ranking
30/190
2024
141/190
2024
Current account balance, % of GDP
+6.25%
2024
-1.16%
2024
Goods imports
$14.2B
2024
$66.5B
2024
Goods exports
$36.8B
2024
$39.3B
2024
Service imports
$8.49B
2024
$14.3B
2024
Service exports
$129M
2024
$28.2B
2024
Imports of goods and services, % of GDP
19.4%
2024
50.2%
2024
Exports of goods and services, % of GDP
31.5%
2024
42%
2024

Economic freedom indices

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

Angola Morocco
Economic freedom 54.4 61.8
Economic freedom ranking 133/197 91/197
Property rights 36.9 55.2
Government integrity 28.3 35.6
Judicial effectiveness 26.3 32.5
Tax burden 86.9 65.5
Government spending 89.3 67.5
Fiscal health 91.9 57.5
Business freedom 42.8 72.1
Labor freedom 50.8 46.2
Monetary freedom 59 79.6
Trade freedom 70.4 69.8
Investment freedom 30 80
Financial freedom 40 80

Economic freedom comparison by year

Angola
Morocco
1x
Year Economic freedom index
Angola Morocco
2026 54.4 61.8
2025 55 60.3
2024 54.3 56.8
2023 53 58.4
2022 52.6 59.2
2021 54.2 63.3
2020 52.2 63.3
2019 50.6 62.9
2018 48.6 61.9
2017 48.5 61.5
2016 48.9 61.3
2015 47.9 60.1
2014 47.7 58.3
2013 47.3 59.6
2012 46.7 60.2
2011 46.2 59.6
2010 48.4 59.2
2009 47 57.7
2008 46.9 55.6
2007 44.7 56.4
2006 43.5 51.5
2005 - 52.2
2004 - 56.7
2003 - 57.8
2002 - 59
2001 - 63.9
2000 24.3 63.2
1999 23.7 63.8
1998 24.9 61.1
1997 24.2 64.7
1996 24.4 64.3
1995 27.4 62.8

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

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

The Economic Freedom Index for Angola is 54.4, ranking 133/197, compared to 61.8 for Morocco, ranking 91/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Angola Morocco
Services, % of GDP
41.1%
2024
52.7%
2024
Industry, % of GDP
34.6%
2024
25.6%
2024
Agriculture, forestry, and fishing, % of GDP
22.1%
2024
10.6%
2024
GNI, Atlas method
$108B
2024
$149B
2024
GNI per capita, PPP
$9,460
2024
$10,260
2024
Total reserves including gold
$14.2B
2024
$37.1B
2024
Total reserves ranking
69/177
2024
52/177
2024
Net foreign direct investment
$1.14B
2024
-$948M
2024
Net inflows of foreign direct investment
-$1.11B
2024
$1.64B
2024
Net outflows of foreign direct investment
$33.1M
2024
$691M
2024
Servicing debt to the IMF, % of GNI
11.5%
2024
5.63%
2024
Poverty at national poverty lines
36.6%
2020
3.9%
2022
Gross capital formation, % of GDP
10.4%
2024
30.1%
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/morocco | 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 (2021–2024, 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.