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Economy of Angola vs North Korea compared: GDP & Debt

Updated on by Georank team

Angola has a GDP of $101B compared to $34.9B for North Korea, ranking 71/197 and 106/197 by economy size, respectively.

Angola vs North Korea GDP by year

Angola
North Korea
1x
Year GDP, current $
Angola North Korea
2024 $100,998,916,781 $34,943,120,000
2023 $107,167,747,140 $32,155,360,000
2022 $131,212,208,930 $28,971,360,000
2021 $79,559,543,805 $32,301,720,000
2020 $58,852,456,454 $27,728,240,000
2019 $80,734,428,593 $28,222,880,000
2018 $89,512,794,227 $28,536,400,000
2017 $84,376,935,689 $29,105,440,000
2016 $59,878,249,719 $28,882,640,000
2015 $102,543,067,841 $30,723,030,000
2014 $153,449,860,496 $30,554,460,000
2013 $148,845,200,697 $30,588,922,000
2012 $143,572,907,528 $29,890,710,000
2011 $125,551,634,704 $29,005,020,000
2010 $95,546,919,755 $25,995,513,000
2009 $81,705,175,408 $23,356,470,000
2008 $98,790,432,989 -
2007 $73,037,821,927 -
2006 $58,653,659,980 -
2005 $41,396,636,383 -
2004 $26,997,977,897 -
2003 $20,342,128,112 -
2002 $17,311,512,432 -
2001 $8,936,079,118 -
2000 $9,129,594,970 -
1999 $6,152,923,310 -
1998 $6,506,221,616 -
1997 $7,648,380,196 -
1996 $7,526,421,519 -
1995 $5,538,749,260 -
1994 $4,438,321,017 -
1993 $5,768,720,422 -
1992 $8,307,810,974 -
1991 $10,603,784,541 -
1990 $11,229,515,599 -
1989 $10,201,780,977 -
1988 $8,769,836,769 -
1987 $8,084,412,414 -
1986 $7,072,536,109 -
1985 $7,554,065,410 -
1984 $6,131,475,065 -
1983 $5,784,341,596 -
1982 $5,550,483,036 -
1981 $5,550,483,036 -
1980 $5,930,503,401 -

Data sources: World Bank | Economy & Growth (1980–2024, retrieved 2026-04-06).

GeoRank.org/economy/angola/north-korea | CC BY

GDP per capita in Angola vs North Korea by year

Angola
GDP per capita

GDP per capita, PPP
North Korea
GDP per capita

GDP per capita, PPP
1x
Year Current $
Angola North Korea
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,666 $10,119 $1,319 -
2023 $2,916 $9,754 $1,217 -
2022 $3,682 $9,588 $1,100 -
2021 $2,304 $8,862 $1,231 -
2020 $1,759 $7,827 $1,061 -
2019 $2,494 $8,573 $1,084 -
2018 $2,860 $8,278 $1,100 -
2017 $2,791 $8,007 $1,127 -
2016 $2,052 $7,767 $1,124 -
2015 $3,642 $8,067 $1,201 $1,700
2014 $5,650 $9,018 $1,201 $1,800
2013 $5,689 $8,504 $1,208 -
2012 $5,702 $8,246 $1,186 -
2011 $5,184 $7,538 $1,156 $1,800
2010 $4,102 $7,412 $1,040 -
2009 $3,645 $7,228 $939 $1,800
2008 $4,578 $7,316 - $1,800
2007 $3,515 $6,728 - $1,700
2006 $2,930 $6,018 - $1,800
2005 $2,146 $5,416 - $1,700
2004 $1,451 $4,771 - $1,700
2003 $1,134 $4,322 - $1,300
2002 $999 $4,241 - $1,000
2001 $534 $3,802 - -
2000 $564 $3,690 - $1,000
1999 $393 $3,619 - $1,000
1998 $429 $3,609 - -
1997 $522 $3,525 - -
1996 $531 $3,342 - -
1995 $404 $2,990 - -
1994 $335 $2,633 - -
1993 $450 $2,628 - -
1992 $669 $3,486 - -
1991 $882 $3,740 - -
1990 $966 $3,705 - -
1989 $908 - - -
1988 $807 - - -
1987 $770 - - -
1986 $698 - - -
1985 $772 - - -
1984 $650 - - -
1983 $637 - - -
1982 $634 - - -
1981 $658 - - -
1980 $729 - - -

Data sources: World Bank | Economy & Growth (1980–2024, retrieved 2026-04-06); Central Intelligence Agency (CIA) (1999–2015, retrieved 2026-02-20).

GeoRank.org/economy/angola/north-korea | CC BY

Angola's GDP per capita is $2,666, ranking 144/197, compared to $1,319 in North Korea, ranking 168/197. Adjusted for purchasing power (GDP per capita PPP), Angola ranks 133rd at $10,119, while North Korea ranks 193rd at $1,700.

Economic indicators

Angola North Korea
Gross domestic product
$101B
2024
$34.9B
2024
GDP rank
71/197
2024
106/197
2024
GDP growth
4.42%
2023-2024
n/a
GDP per capita
$2,666
2024
$1,319
2024
GDP per capita rank
144/197
2024
168/197
2024
GDP per capita, PPP
$10,119
2024
$1,700
2015
GDP per capita PPP rank
133/197
2024
193/197
2015
Government debt
$60.5B
2024
n/a
Debt-to-GDP ratio
59.9%
2024
n/a
Government debt per person
$1,597
2024
n/a
Government debt per person rank
127/185
2024
n/a
Average annual personal income after taxes
$28,080
2026
$1,426
2026
Income share by richest 10%
39.6%
2018
n/a
Income share by poorest 10%
1.3%
2018
n/a
Government expenditure, % of GDP
18.4%
2024
n/a
Consumer prices inflation
28.2%
2023-2024
n/a
Central bank interest rate
18%
2023
n/a
Unemployment rate
14.1%
2022
25.6%
2013
Population
40555924
26659144

Top exports between countries

Angola
Export category Export value
North Korea
Export category Export value
Machinery & equipment $2.25M
Chemicals & pharma $536K
Metals $28K
Raw materials & minerals $21K
Textiles & consumer goods $7K

Balance of trade

Angola North Korea
Current account balance
$6.31B
2024
n/a
Current account balance ranking
30/190
2024
n/a
Current account balance, % of GDP
+6.25%
2024
n/a
Goods imports
$14.2B
2024
n/a
Goods exports
$36.8B
2024
n/a
Service imports
$8.49B
2024
n/a
Service exports
$129M
2024
n/a
Imports of goods and services, % of GDP
19.4%
2024
n/a
Exports of goods and services, % of GDP
31.5%
2024
n/a

Economic freedom indices

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

Angola North Korea
Economic freedom 54.4 3.1
Economic freedom ranking 133/197 197/197
Property rights 36.9 16.3
Government integrity 28.3 4.3
Judicial effectiveness 26.3 6.3
Tax burden 86.9 0
Government spending 89.3 0
Fiscal health 91.9 0
Business freedom 42.8 5
Labor freedom 50.8 5
Monetary freedom 59 0
Trade freedom 70.4 0
Investment freedom 30 0
Financial freedom 40 0

Economic freedom comparison by year

Angola
North Korea
1x
Year Economic freedom index
Angola North Korea
2026 54.4 3.1
2025 55 3
2024 54.3 2.9
2023 53 2.9
2022 52.6 3
2021 54.2 5.2
2020 52.2 4.2
2019 50.6 5.9
2018 48.6 5.8
2017 48.5 4.9
2016 48.9 2.3
2015 47.9 1.3
2014 47.7 1
2013 47.3 1.5
2012 46.7 1
2011 46.2 1
2010 48.4 1
2009 47 2
2008 46.9 3
2007 44.7 3
2006 43.5 4
2005 - 8
2004 - 8.9
2003 - 8.9
2002 - 8.9
2001 - 8.9
2000 24.3 8.9
1999 23.7 8.9
1998 24.9 8.9
1997 24.2 8.9
1996 24.4 8.9
1995 27.4 8.9

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

GeoRank.org/economy/angola/north-korea | CC BY

The Economic Freedom Index for Angola is 54.4, ranking 133/197, compared to 3.1 for North Korea, ranking 197/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Angola North Korea
Services, % of GDP
41.1%
2024
n/a
Industry, % of GDP
34.6%
2024
n/a
Agriculture, forestry, and fishing, % of GDP
22.1%
2024
n/a
GNI, Atlas method
$108B
2024
n/a
GNI per capita, PPP
$9,460
2024
n/a
Total reserves including gold
$14.2B
2024
n/a
Total reserves ranking
69/177
2024
n/a
Net foreign direct investment
$1.14B
2024
n/a
Net inflows of foreign direct investment
-$1.11B
2024
$203K
1989
Net outflows of foreign direct investment
$33.1M
2024
$0
2024
Servicing debt to the IMF, % of GNI
11.5%
2024
n/a
Poverty at national poverty lines
36.6%
2020
n/a
Gross capital formation, % of GDP
10.4%
2024
n/a

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/north-korea | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1980–2024, retrieved 2026-04-06)
  2. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  3. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  4. Central Intelligence Agency (CIA) (1999–2020, retrieved 2026-02-20)
  5. International Monetary Fund (IMF) | Fiscal Monitor (2024, retrieved 2026-02-20)
  6. TradeMap (2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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.