Skip to content

Economy of Angola vs Papua New Guinea compared: GDP & Debt

Updated on by Georank team

Angola has a GDP of $101B compared to $31.8B for Papua New Guinea, ranking 71/197 and 110/197 by economy size, respectively.

Angola has $60.5B in government debt (59.9% of GDP), compared to $16.6B (52.1% of GDP) in Papua New Guinea.

Angola vs Papua New Guinea GDP by year

Angola
Papua New Guinea
1x
Year GDP, current $
Angola Papua New Guinea
2024 $100,998,916,781 $31,800,428,266
2023 $107,167,747,140 $30,816,367,067
2022 $131,212,208,930 $31,653,185,953
2021 $79,559,543,805 $26,109,413,521
2020 $58,852,456,454 $23,848,447,850
2019 $80,734,428,593 $24,750,626,030
2018 $89,512,794,227 $24,109,780,708
2017 $84,376,935,689 $22,742,699,138
2016 $59,878,249,719 $20,758,876,953
2015 $102,543,067,841 $21,723,437,010
2014 $153,449,860,496 $23,210,823,987
2013 $148,845,200,697 $21,261,338,065
2012 $143,572,907,528 $21,295,168,666
2011 $125,551,634,704 $17,985,138,066
2010 $95,546,919,755 $14,250,786,675
2009 $81,705,175,408 $11,619,456,449
2008 $98,790,432,989 $11,670,892,801
2007 $73,037,821,927 $9,545,028,944
2006 $58,653,659,980 $8,354,911,041
2005 $41,396,636,383 $4,865,892,972
2004 $26,997,977,897 $3,927,157,867
2003 $20,342,128,112 $3,536,411,824
2002 $17,311,512,432 $2,999,511,040
2001 $8,936,079,118 $3,081,024,212
2000 $9,129,594,970 $3,521,339,699
1999 $6,152,923,310 $3,477,038,204
1998 $6,506,221,616 $3,789,443,015
1997 $7,648,380,196 $4,936,615,299
1996 $7,526,421,519 $5,155,311,077
1995 $5,538,749,260 $4,636,057,476
1994 $4,438,321,017 $5,502,786,070
1993 $5,768,720,422 $4,974,550,286
1992 $8,307,810,974 $4,377,980,510
1991 $10,603,784,541 $3,787,394,958
1990 $11,229,515,599 $3,219,729,083
1989 $10,201,780,977 $3,546,472,566
1988 $8,769,836,769 $3,656,177,881
1987 $8,084,412,414 $3,143,851,794
1986 $7,072,536,109 $2,647,995,602
1985 $7,554,065,410 $2,423,339,172
1984 $6,131,475,065 $2,552,662,617
1983 $5,784,341,596 $2,562,351,551
1982 $5,550,483,036 $2,368,719,683
1981 $5,550,483,036 $2,498,190,847
1980 $5,930,503,401 $2,545,808,456
1979 - $2,293,760,511
1978 - $1,947,878,831
1977 - $1,640,746,619
1976 - $1,511,843,235
1975 - $1,356,603,608
1974 - $1,467,417,672
1973 - $1,299,079,410
1972 - $858,761,926
1971 - $717,750,278
1970 - $645,568,215
1969 - $551,263,864
1968 - $485,184,190
1967 - $441,728,183
1966 - $390,992,063
1965 - $344,176,055
1964 - $305,312,049
1963 - $275,968,044
1962 - $261,184,042
1961 - $244,832,039
1960 - $230,496,037

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

GeoRank.org/economy/angola/papua-new-guinea | CC BY

GDP per capita in Angola vs Papua New Guinea by year

Angola
GDP per capita

GDP per capita, PPP
Papua New Guinea
GDP per capita

GDP per capita, PPP
1x
Year Current $
Angola Papua New Guinea
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,666 $10,119 $3,007 $4,875
2023 $2,916 $9,754 $2,966 $4,668
2022 $3,682 $9,588 $3,102 $4,420
2021 $2,304 $8,862 $2,608 $3,977
2020 $1,759 $7,827 $2,430 $3,900
2019 $2,494 $8,573 $2,576 $4,060
2018 $2,860 $8,278 $2,566 $3,910
2017 $2,791 $8,007 $2,478 $3,923
2016 $2,052 $7,767 $2,316 $3,813
2015 $3,642 $8,067 $2,485 $3,670
2014 $5,650 $9,018 $2,723 $3,500
2013 $5,689 $8,504 $2,561 $3,110
2012 $5,702 $8,246 $2,635 $3,026
2011 $5,184 $7,538 $2,288 $2,919
2010 $4,102 $7,412 $1,867 $2,912
2009 $3,645 $7,228 $1,569 $2,692
2008 $4,578 $7,316 $1,625 $2,583
2007 $3,515 $6,728 $1,371 $2,622
2006 $2,930 $6,018 $1,238 $2,444
2005 $2,146 $5,416 $744 $2,322
2004 $1,451 $4,771 $621 $2,187
2003 $1,134 $4,322 $577 $2,142
2002 $999 $4,241 $506 $2,125
2001 $534 $3,802 $538 $2,168
2000 $564 $3,690 $636 $2,196
1999 $393 $3,619 $650 $2,280
1998 $429 $3,609 $733 $2,285
1997 $522 $3,525 $990 $2,432
1996 $531 $3,342 $1,071 $2,578
1995 $404 $2,990 $998 $2,436
1994 $335 $2,633 $1,228 $2,558
1993 $450 $2,628 $1,151 $2,451
1992 $669 $3,486 $1,051 $2,100
1991 $882 $3,740 $942 $1,869
1990 $966 $3,705 $826 $1,703
1989 $908 - $934 -
1988 $807 - $985 -
1987 $770 - $865 -
1986 $698 - $745 -
1985 $772 - $697 -
1984 $650 - $750 -
1983 $637 - $769 -
1982 $634 - $726 -
1981 $658 - $781 -
1980 $729 - $813 -
1979 - - $748 -
1978 - - $648 -
1977 - - $558 -
1976 - - $525 -
1975 - - $482 -
1974 - - $533 -
1973 - - $483 -
1972 - - $327 -
1971 - - $279.7 -
1970 - - $257.6 -
1969 - - $225.3 -
1968 - - $202.9 -
1967 - - $189 -
1966 - - $171.1 -
1965 - - $153.9 -
1964 - - $139.5 -
1963 - - $128.9 -
1962 - - $124.7 -
1961 - - $119.7 -
1960 - - $115.5 -

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

GeoRank.org/economy/angola/papua-new-guinea | CC BY

Angola's GDP per capita is $2,666, ranking 144/197, compared to $3,007 in Papua New Guinea, ranking 140/197. Adjusted for purchasing power (GDP per capita PPP), Angola ranks 133rd at $10,119, while Papua New Guinea ranks 159th at $4,875.

Economic indicators

Angola Papua New Guinea
Gross domestic product
$101B
2024
$31.8B
2024
GDP rank
71/197
2024
110/197
2024
GDP growth
4.42%
2023-2024
3.8%
2023-2024
GDP per capita
$2,666
2024
$3,007
2024
GDP per capita rank
144/197
2024
140/197
2024
GDP per capita, PPP
$10,119
2024
$4,875
2024
GDP per capita PPP rank
133/197
2024
159/197
2024
Government debt
$60.5B
2024
$16.6B
2024
Debt-to-GDP ratio
59.9%
2024
52.1%
2024
Government debt per person
$1,597
2024
$1,566
2024
Government debt per person rank
127/185
2024
129/185
2024
Average annual personal income after taxes
$28,080
2026
$2,362
2026
Market capitalization of domestic companies n/a
$1.68B
2017
Income share by richest 10%
39.6%
2018
31%
2009
Income share by poorest 10%
1.3%
2018
1.9%
2009
Government expenditure, % of GDP
18.4%
2024
20.4%
2024
Consumer prices inflation
28.2%
2023-2024
0.6%
2023-2024
Central bank interest rate
18%
2023
5%
2025
Unemployment rate
14.1%
2022
2.69%
2022
Population
40555924
11002753

Spending and national debt comparison by year

Angola
Spending

Debt
Papua New Guinea
Spending

Debt
1x
Year % of GDP
Angola Papua New Guinea
Government spending Government debt Government spending Government debt
2024 18.4% 59.9% 20.4% 52.1%
2023 18.8% 72.4% 22.3% 53.9%
2022 19.5% 56.1% 21.9% 48.2%
2021 17.3% 74.3% 22% 52.6%
2020 20% 119.1% 23.5% 48.7%
2019 18.2% 101.4% 21.3% 38.2%
2018 18.3% 82.5% 20.3% 36.7%
2017 21% 60.5% 18.4% 32.5%
2016 19.4% 66.7% 20.9% 33.7%
2015 23.9% 50.4% 22.8% 29.9%
2014 32.3% 35.3% 27.1% 26.9%
2013 32.9% 29.5% 27.6% 24.9%
2012 33.2% 23.8% 22.4% 19.1%
2011 33.3% 26.3% 19.7% 16.3%
2010 34.6% 32.6% 18.4% 17.3%
2009 38.7% 48.4% 24.7% 21.7%
2008 47.2% 28.1% 19.8% 21.6%
2007 34.1% 18.8% 18% 22.2%
2006 27.3% 16.7% 19.4% 26%
2005 23.7% 29.9% 20.6% 31.6%
2004 26% 41.6% 19.4% 37.2%
2003 30.1% 50.8% 18.7% 40.4%
2002 27.6% 65.1% 20.8% 48.4%
2001 30.3% 100.2% 21.6% 47.7%
2000 35.8% 118.2% 20.5% 42.3%
1999 39.4% 104.8% 21.4% 41.8%
1998 26.1% 96.3% 20% 45.7%
1997 26.8% 73.5% 20.6% 43.9%
1996 25.2% 92% 17.6% 37.8%
1995 - - 17.1% 36.6%
1994 - - 19.3% 40.1%
1993 - - 23.5% 30%
1992 - - 22.8% 30.4%
1991 - - 22.4% -
1990 - - 24.5% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1992–1999, retrieved 2026-02-20).

GeoRank.org/economy/angola/papua-new-guinea | CC BY

In 2024, Angola's government spending was $18.6B, accounting for 18.4% of its GDP, while Papua New Guinea spent $6.48B, or 20.4% of GDP.

Debt-to-GDP ratio is 59.9% in Angola and 52.1% in Papua New Guinea, ranking 78/185 and 100/185, respectively.

Government deficit by year

Deficit/surplus
Angola

Papua New Guinea
1x
Year Deficit/surplus, % of GDP
Angola Papua New Guinea
2024 -1.01% -3.23%
2023 -1.83% -4.34%
2022 0.58% -5.25%
2021 3.4% -6.84%
2020 -1.66% -8.85%
2019 0.69% -4.98%
2018 2.03% -2.58%
2017 -5.75% -2.47%
2016 -3.98% -4.75%
2015 -2.57% -4.55%
2014 -5.07% -6.27%
2013 -0.27% -6.87%
2012 3.68% -1.19%
2011 7.2% 2.22%
2010 2.98% 3.06%
2009 -6.8% -5.48%
2008 -3.8% 2.73%
2007 3.85% 6.9%
2006 8.42% 5.34%
2005 6.4% 2.85%
2004 1.03% 2.03%
2003 -4.1% 0.19%
2002 -2.24% -1.75%
2001 2.8% -1.33%
2000 2.02% 0.3%
1999 -8.1% -1.94%
1998 -5.1% -0.16%
1997 -0.23% 0.67%
1996 4.49% 2.05%
1995 - 1.08%
1994 - -1.01%
1993 - -4.9%
1992 - -4.33%
1991 - -0.62%
1990 - -2.04%

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

GeoRank.org/economy/angola/papua-new-guinea | 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 Papua New Guinea's deficit of $1.03B, or 3.23% of GDP.

Over the past 29 years, Angola recorded a fiscal deficit in 15 of those years, while Papua New Guinea ran a deficit in 18 years. On average, Angola posted an annual deficit equal to 0.1% of GDP, compared to deficit of 1.53% of GDP for Papua New Guinea.

Inflation comparison by year

Inflation
Angola

Papua New Guinea
1x
Year Consumer prices inflation
Angola Papua New Guinea
2024 28.2% 0.6%
2023 13.6% 2.3%
2022 21.4% 5.25%
2021 25.8% 4.48%
2020 22.3% 4.87%
2019 17.1% 3.93%
2018 19.6% 4.37%
2017 29.8% 5.42%
2016 30.7% 6.67%
2015 9.2% 6%
2014 7.3% 5.22%
2013 8.8% 4.96%
2012 10.3% 4.54%
2011 13.5% 4.44%
2010 14.5% 6.01%
2009 13.7% 6.92%
2008 12.5% 10.8%
2007 12.2% 0.91%
2006 13.3% 2.37%
2005 23% 1.78%
2004 43.5% 2.16%
2003 98.2% 14.7%
2002 108.9% 11.8%
2001 152.6% 9.3%
2000 325% 15.6%
1999 248.2% 14.9%
1998 107.4% 13.6%
1997 221.5% 3.96%

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/papua-new-guinea | CC BY

Over the past 28 years, Angola has recorded an average annual inflation rate of 59%, compared with 6.35% in Papua New Guinea. In 2024, inflation was 28.2% in Angola and 0.6% in Papua New Guinea.

Top exports between countries

Angola
Export category Export value
Machinery & equipment $11K
Textiles & consumer goods $8K
Papua New Guinea
Export category Export value
Metals $2K

Balance of trade

Angola Papua New Guinea
Current account balance
$6.31B
2024
$4.77B
2024
Current account balance ranking
30/190
2024
33/190
2024
Current account balance, % of GDP
+6.25%
2024
+15%
2024
Goods imports
$14.2B
2024
$4.69B
2024
Goods exports
$36.8B
2024
$13.4B
2024
Service imports
$8.49B
2024
$2.4B
2024
Service exports
$129M
2024
$75.2M
2024
Imports of goods and services, % of GDP
19.4%
2024
58.9%
2004
Exports of goods and services, % of GDP
31.5%
2024
72.2%
2004

Economic freedom indices

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

Angola Papua New Guinea
Economic freedom 54.4 54.3
Economic freedom ranking 133/197 134/197
Property rights 36.9 45
Government integrity 28.3 30.8
Judicial effectiveness 26.3 41.1
Tax burden 86.9 70.9
Government spending 89.3 86.1
Fiscal health 91.9 65.3
Business freedom 42.8 34.2
Labor freedom 50.8 65.1
Monetary freedom 59 77.4
Trade freedom 70.4 80.2
Investment freedom 30 25
Financial freedom 40 30

Economic freedom comparison by year

Angola
Papua New Guinea
1x
Year Economic freedom index
Angola Papua New Guinea
2026 54.4 54.3
2025 55 52.5
2024 54.3 49.4
2023 53 51.7
2022 52.6 54.6
2021 54.2 58.9
2020 52.2 58.4
2019 50.6 58.4
2018 48.6 55.7
2017 48.5 50.9
2016 48.9 53.2
2015 47.9 53.1
2014 47.7 53.9
2013 47.3 53.6
2012 46.7 53.8
2011 46.2 52.6
2010 48.4 53.5
2009 47 54.8
2008 46.9 -
2007 44.7 -
2006 43.5 -
2005 - -
2004 - -
2003 - -
2002 - -
2001 - 57.2
2000 24.3 55.8
1999 23.7 56.3
1998 24.9 55.2
1997 24.2 56.7
1996 24.4 58.6
1995 27.4 -

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

GeoRank.org/economy/angola/papua-new-guinea | CC BY

The Economic Freedom Index for Angola is 54.4, ranking 133/197, compared to 54.3 for Papua New Guinea, ranking 134/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Angola Papua New Guinea
Services, % of GDP
41.1%
2024
41.5%
2024
Industry, % of GDP
34.6%
2024
37.2%
2024
Agriculture, forestry, and fishing, % of GDP
22.1%
2024
17.2%
2024
GNI, Atlas method
$108B
2024
$30.7B
2024
GNI per capita, PPP
$9,460
2024
$4,580
2024
Total reserves including gold
$14.2B
2024
$3.9B
2023
Total reserves ranking
69/177
2024
107/177
2023
Net foreign direct investment
$1.14B
2024
$968M
2024
Net inflows of foreign direct investment
-$1.11B
2024
-$198M
2024
Net outflows of foreign direct investment
$33.1M
2024
$770M
2024
Servicing debt to the IMF, % of GNI
11.5%
2024
19.7%
2024
Poverty at national poverty lines
36.6%
2020
39.9%
2009
Gross capital formation, % of GDP
10.4%
2024
20%
2004

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/papua-new-guinea | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

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. International Monetary Fund (IMF) | Public Finances in Modern History (1992–1999, retrieved 2026-02-20)
  6. TradeMap (2021–2023, 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.