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Economy of Angola vs Oman compared: GDP & Debt

Updated on by Georank team

Angola has a GDP of $101B compared to $107B for Oman, ranking 71/197 and 70/197 by economy size, respectively.

Angola has $60.5B in government debt (59.9% of GDP), compared to $38B (35.5% of GDP) in Oman.

Angola vs Oman GDP by year

Angola
Oman
1x
Year GDP, current $
Angola Oman
2024 $100,998,916,781 $107,137,198,769
2023 $107,167,747,140 $106,174,708,037
2022 $131,212,208,930 $109,852,795,839
2021 $79,559,543,805 $87,323,797,139
2020 $58,852,456,454 $75,909,492,848
2019 $80,734,428,593 $88,060,858,257
2018 $89,512,794,227 $91,505,851,756
2017 $84,376,935,689 $80,856,697,009
2016 $59,878,249,719 $75,128,738,622
2015 $102,543,067,841 $78,710,793,238
2014 $153,449,860,496 $92,699,089,727
2013 $148,845,200,697 $89,936,020,806
2012 $143,572,907,528 $87,408,842,653
2011 $125,551,634,704 $77,497,529,259
2010 $95,546,919,755 $64,993,498,049
2009 $81,705,175,408 $55,454,096,229
2008 $98,790,432,989 $69,804,681,404
2007 $73,037,821,927 $48,300,390,117
2006 $58,653,659,980 $42,577,633,290
2005 $41,396,636,383 $35,506,892,068
2004 $26,997,977,897 $28,378,933,680
2003 $20,342,128,112 $24,733,680,104
2002 $17,311,512,432 $23,065,539,662
2001 $8,936,079,118 $22,205,721,717
2000 $9,129,594,970 $22,259,557,867
1999 $6,152,923,310 $17,832,769,831
1998 $6,506,221,616 $16,044,213,264
1997 $7,648,380,196 $18,039,791,938
1996 $7,526,421,519 $17,402,080,624
1995 $5,538,749,260 $15,722,236,671
1994 $4,438,321,017 $14,715,214,564
1993 $5,768,720,422 $14,230,429,129
1992 $8,307,810,974 $14,183,615,085
1991 $10,603,784,541 $12,918,335,501
1990 $11,229,515,599 $13,310,273,082
1989 $10,201,780,977 $9,372,171,651
1988 $8,769,836,769 $8,386,215,865
1987 $8,084,412,414 $7,811,183,095
1986 $7,072,536,109 $7,324,167,369
1985 $7,554,065,410 $10,005,645,420
1984 $6,131,475,065 $8,821,443,151
1983 $5,784,341,596 $7,932,541,691
1982 $5,550,483,036 $7,554,719,456
1981 $5,550,483,036 $7,259,120,151
1980 $5,930,503,401 $5,981,760,278
1979 - $3,733,352,635
1978 - $2,740,301,390
1977 - $2,741,169,948
1976 - $2,560,220,035
1975 - $2,096,699,189
1974 - $1,645,917,776
1973 - $483,066,991
1972 - $366,883,548
1971 - $301,010,587
1970 - $256,319,795
1969 - $239,999,808
1968 - $188,879,849
1967 - $107,151,832
1966 - $67,759,973
1965 - $63,279,975
1964 - $61,872,526
1963 - $59,912,763
1962 - $56,273,202
1961 - $45,634,487
1960 - $44,234,656

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

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

GDP per capita in Angola vs Oman by year

Angola
GDP per capita

GDP per capita, PPP
Oman
GDP per capita

GDP per capita, PPP
1x
Year Current $
Angola Oman
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,666 $10,119 $20,285 $41,740
2023 $2,916 $9,754 $21,028 $41,945
2022 $3,682 $9,588 $23,224 $42,616
2021 $2,304 $8,862 $19,403 $38,719
2020 $1,759 $7,827 $16,785 $35,163
2019 $2,494 $8,573 $19,180 $37,251
2018 $2,860 $8,278 $19,902 $37,780
2017 $2,791 $8,007 $17,820 $33,619
2016 $2,052 $7,767 $17,110 $33,334
2015 $3,642 $8,067 $18,808 $36,058
2014 $5,650 $9,018 $23,161 $44,236
2013 $5,689 $8,504 $23,458 $47,013
2012 $5,702 $8,246 $24,642 $49,989
2011 $5,184 $7,538 $25,188 $52,393
2010 $4,102 $7,412 $23,570 $55,667
2009 $3,645 $7,228 $20,656 $55,127
2008 $4,578 $7,316 $26,577 $52,841
2007 $3,515 $6,728 $18,793 $48,627
2006 $2,930 $6,018 $16,931 $46,091
2005 $2,146 $5,416 $14,435 $43,673
2004 $1,451 $4,771 $11,801 $42,142
2003 $1,134 $4,322 $10,464 $40,935
2002 $999 $4,241 $9,869 $41,511
2001 $534 $3,802 $9,612 $41,679
2000 $564 $3,690 $9,754 $39,443
1999 $393 $3,619 $7,915 $36,792
1998 $429 $3,609 $7,219 $36,666
1997 $522 $3,525 $8,235 $36,809
1996 $531 $3,342 $8,068 $34,661
1995 $404 $2,990 $7,414 $33,598
1994 $335 $2,633 $7,068 $31,925
1993 $450 $2,628 $7,039 $30,987
1992 $669 $3,486 $7,318 $29,773
1991 $882 $3,740 $6,977 $28,109
1990 $966 $3,705 $7,546 $26,904
1989 $908 - $5,591 -
1988 $807 - $5,279 -
1987 $770 - $5,204 -
1986 $698 - $5,182 -
1985 $772 - $7,549 -
1984 $650 - $7,070 -
1983 $637 - $6,714 -
1982 $634 - $6,759 -
1981 $658 - $6,866 -
1980 $729 - $5,974 -
1979 - - $3,934 -
1978 - - $3,044 -
1977 - - $3,205 -
1976 - - $3,143 -
1975 - - $2,692 -
1974 - - $2,203 -
1973 - - $670 -
1972 - - $524 -
1971 - - $442 -
1970 - - $387 -
1969 - - $372 -
1968 - - $300 -
1967 - - $174.7 -
1966 - - $113.2 -
1965 - - $108.1 -
1964 - - $108.1 -
1963 - - $106.8 -
1962 - - $102.3 -
1961 - - $84.5 -
1960 - - $83.4 -

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

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

Angola's GDP per capita is $2,666, ranking 144/197, compared to $20,285 in Oman, ranking 57/197. Adjusted for purchasing power (GDP per capita PPP), Angola ranks 133rd at $10,119, while Oman ranks 55th at $41,740.

Economic indicators

Angola Oman
Gross domestic product
$101B
2024
$107B
2024
GDP rank
71/197
2024
70/197
2024
GDP growth
4.42%
2023-2024
1.63%
2023-2024
GDP per capita
$2,666
2024
$20,285
2024
GDP per capita rank
144/197
2024
57/197
2024
GDP per capita, PPP
$10,119
2024
$41,740
2024
GDP per capita PPP rank
133/197
2024
55/197
2024
Government debt
$60.5B
2024
$38B
2024
Debt-to-GDP ratio
59.9%
2024
35.5%
2024
Government debt per person
$1,597
2024
$7,204
2024
Government debt per person rank
127/185
2024
67/185
2024
Average annual personal income after taxes
$28,080
2026
$20,894
2026
Market capitalization of domestic companies n/a
$22.3B
2022
Number of billionaires n/a
2
2025
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
28.7%
2024
Consumer prices inflation
28.2%
2023-2024
0.6%
2023-2024
Central bank interest rate
18%
2023
4.5%
2025
Unemployment rate
14.1%
2022
3.3%
2024
Population
40555924
5761708

Spending and national debt comparison by year

Angola
Spending

Debt
Oman
Spending

Debt
1x
Year % of GDP
Angola Oman
Government spending Government debt Government spending Government debt
2024 18.4% 59.9% 28.7% 35.5%
2023 18.8% 72.4% 27.5% 37.5%
2022 19.5% 56.1% 30.9% 41.7%
2021 17.3% 74.3% 36.5% 61.9%
2020 20% 119.1% 44.5% 67.9%
2019 18.2% 101.4% 38.8% 52.5%
2018 18.3% 82.5% 38.3% 44.7%
2017 21% 60.5% 39.4% 40.1%
2016 19.4% 66.7% 44.6% 29.3%
2015 23.9% 50.4% 44.5% 13.9%
2014 32.3% 35.3% 41.4% 4.04%
2013 32.9% 29.5% 39.3% 4.66%
2012 33.2% 23.8% 38.6% 4.59%
2011 33.3% 26.3% 34.5% 4.44%
2010 34.6% 32.6% 30.6% 5.46%
2009 38.7% 48.4% 33.4% 5.8%
2008 47.2% 28.1% 25.6% 3.2%
2007 34.1% 18.8% 30.7% 4.44%
2006 27.3% 16.7% 30.1% 7.56%
2005 23.7% 29.9% 30.6% 8.39%
2004 26% 41.6% 34.1% 14.5%
2003 30.1% 50.8% 34% 13%
2002 27.6% 65.1% 34.1% 15.9%
2001 30.3% 100.2% 33.3% 22.5%
2000 35.8% 118.2% 31.2% 21.7%
1999 39.4% 104.8% 34.2% 28.9%
1998 26.1% 96.3% 36.1% 30.9%
1997 26.8% 73.5% 32.1% 20.8%
1996 25.2% 92% 33.5% 21.2%
1995 - - 38.2% 21.9%
1994 - - 39.7% 23.6%
1993 - - 40.1% 22.2%
1992 - - 40.1% 23.1%
1991 - - 37.4% 22.6%
1990 - - 36.5% 17.8%

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/oman | CC BY

In 2024, Angola's government spending was $18.6B, accounting for 18.4% of its GDP, while Oman spent $30.7B, or 28.7% of GDP.

Debt-to-GDP ratio is 59.9% in Angola and 35.5% in Oman, ranking 78/185 and 145/185, respectively.

Government deficit by year

Deficit/surplus
Angola

Oman
1x
Year Deficit/surplus, % of GDP
Angola Oman
2024 -1.01% 3.31%
2023 -1.83% 6.87%
2022 0.58% 10.5%
2021 3.4% -3.17%
2020 -1.66% -15.7%
2019 0.69% -4.83%
2018 2.03% -6.72%
2017 -5.75% -10.5%
2016 -3.98% -19.6%
2015 -2.57% -13.5%
2014 -5.07% -1.58%
2013 -0.27% 2.78%
2012 3.68% 4.07%
2011 7.2% 8.24%
2010 2.98% 4.95%
2009 -6.8% -0.27%
2008 -3.8% 14.7%
2007 3.85% 10.5%
2006 8.42% 12.2%
2005 6.4% 11.2%
2004 1.03% 5.43%
2003 -4.1% 5.92%
2002 -2.24% 5.31%
2001 2.8% 7.55%
2000 2.02% 12.2%
1999 -8.1% 0.3%
1998 -5.1% -4.37%
1997 -0.23% 4.77%
1996 4.49% 2.22%
1995 - -3.9%
1994 - -7.47%
1993 - -6.84%
1992 - -4.85%
1991 - 0.12%
1990 - 4.78%

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

GeoRank.org/economy/angola/oman | 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 Oman's surplus of $3.54B, or 3.31% of GDP.

Over the past 29 years, Angola recorded a fiscal deficit in 15 of those years, while Oman ran a deficit in 10 years. On average, Angola posted an annual deficit equal to 0.1% of GDP, compared to surplus of 1.82% of GDP for Oman.

Inflation comparison by year

Inflation
Angola

Oman
1x
Year Consumer prices inflation
Angola Oman
2024 28.2% 0.6%
2023 13.6% 1%
2022 21.4% 2.5%
2021 25.8% 1.7%
2020 22.3% -0.4%
2019 17.1% 0.5%
2018 19.6% 0.7%
2017 29.8% 1.5%
2016 30.7% 0.9%
2015 9.2% 0.1%
2014 7.3% 1.2%
2013 8.8% 1.3%
2012 10.3% 2.9%
2011 13.5% 4.1%
2010 14.5% 3.3%
2009 13.7% 3.5%
2008 12.5% 12.6%
2007 12.2% 5.9%
2006 13.3% 3.2%
2005 23% 1.9%
2004 43.5% 0.8%
2003 98.2% 0.2%
2002 108.9% -0.3%
2001 152.6% -0.8%
2000 325% -1.2%
1999 248.2% 0.5%
1998 107.4% 0.4%
1997 221.5% -0.4%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20).

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

Over the past 28 years, Angola has recorded an average annual inflation rate of 59%, compared with 1.72% in Oman. In 2024, inflation was 28.2% in Angola and 0.6% in Oman.

Top exports between countries

Angola
Export category Export value
Textiles & consumer goods $144K
Machinery & equipment $9K
Chemicals & pharma $8K
Metals $4K
Raw materials & minerals $2K
Oman
Export category Export value
Machinery & equipment $6.05M
Chemicals & pharma $1.52M
Raw materials & minerals $178K
Animal & marine products $129K
Processed food, beverages & tobacco $77K
Raw agricultural goods $66K
Metals $54K
Wood & paper products $29K
Miscellaneous $16K
Textiles & consumer goods $5K

Balance of trade

Angola Oman
Current account balance
$6.31B
2024
$3.07B
2024
Current account balance ranking
30/190
2024
39/190
2024
Current account balance, % of GDP
+6.25%
2024
+2.86%
2024
Goods imports
$14.2B
2024
$39.5B
2024
Goods exports
$36.8B
2024
$65.2B
2024
Service imports
$8.49B
2024
$12.8B
2024
Service exports
$129M
2024
$5.64B
2024
Imports of goods and services, % of GDP
19.4%
2024
48.8%
2024
Exports of goods and services, % of GDP
31.5%
2024
66.1%
2024

Economic freedom indices

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

Angola Oman
Economic freedom 54.4 68.5
Economic freedom ranking 133/197 45/197
Property rights 36.9 71.8
Government integrity 28.3 49.4
Judicial effectiveness 26.3 28
Tax burden 86.9 97.6
Government spending 89.3 74.7
Fiscal health 91.9 97.5
Business freedom 42.8 67.8
Labor freedom 50.8 47.7
Monetary freedom 59 79.2
Trade freedom 70.4 78.4
Investment freedom 30 70
Financial freedom 40 60

Economic freedom comparison by year

Angola
Oman
1x
Year Economic freedom index
Angola Oman
2026 54.4 68.5
2025 55 65.4
2024 54.3 62.9
2023 53 58.5
2022 52.6 56.6
2021 54.2 64.6
2020 52.2 63.6
2019 50.6 61
2018 48.6 61
2017 48.5 62.1
2016 48.9 67.1
2015 47.9 66.7
2014 47.7 67.4
2013 47.3 68.1
2012 46.7 67.9
2011 46.2 69.8
2010 48.4 67.7
2009 47 67
2008 46.9 67.3
2007 44.7 65.8
2006 43.5 63.7
2005 - 66.5
2004 - 66.9
2003 - 64.6
2002 - 64
2001 - 67.7
2000 24.3 64.1
1999 23.7 64.9
1998 24.9 64.9
1997 24.2 64.5
1996 24.4 65.4
1995 27.4 70.2

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

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

The Economic Freedom Index for Angola is 54.4, ranking 133/197, compared to 68.5 for Oman, ranking 45/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Angola Oman
Services, % of GDP
41.1%
2024
46%
2024
Industry, % of GDP
34.6%
2024
54.2%
2024
Agriculture, forestry, and fishing, % of GDP
22.1%
2024
2.6%
2024
GNI, Atlas method
$108B
2024
$103B
2024
GNI per capita, PPP
$9,460
2024
$39,340
2024
Total reserves including gold
$14.2B
2024
$18.3B
2024
Total reserves ranking
69/177
2024
64/177
2024
Net foreign direct investment
$1.14B
2024
-$12.6B
2024
Net inflows of foreign direct investment
-$1.11B
2024
$12.5B
2024
Net outflows of foreign direct investment
$33.1M
2024
-$143M
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
24.8%
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/oman | 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.