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Economy of Angola vs Russia compared: GDP & Debt

Updated on by Georank

Angola has a GDP of $122B compared to $2.56T for Russia, ranking 68/197 and 8/197 by economy size, respectively.

Angola has $62.7B in government debt (51.3% of GDP), compared to $440B (17.2% of GDP) in Russia.

Angola vs Russia GDP by year

Angola
Russia
1x
Year GDP, current $
Angola Russia
2025 $122,174,889,424 $2,561,310,169,359
2024 $103,080,538,044 $2,186,462,268,813
2023 $106,042,349,567 $2,046,284,838,151
2022 $128,233,959,333 $2,292,495,097,681
2021 $78,283,923,544 $1,829,186,719,575
2020 $58,512,033,806 $1,493,075,894,362
2019 $81,193,813,808 $1,693,115,002,708
2018 $90,506,061,877 $1,657,328,773,461
2017 $85,629,598,654 $1,574,199,360,089
2016 $60,770,049,747 $1,276,786,350,881
2015 $102,543,067,841 $1,363,482,182,198
2014 $153,449,860,496 $2,059,241,589,895
2013 $148,845,200,696 $2,292,470,078,346
2012 $143,572,907,528 $2,208,293,553,878
2011 $125,551,634,705 $2,045,922,753,398
2010 $95,546,919,754 $1,524,916,715,224
2009 $81,705,175,409 $1,222,645,900,056
2008 $98,790,432,989 $1,660,848,058,303
2007 $73,037,821,926 $1,299,703,478,482
2006 $58,653,659,980 $989,932,071,353
2005 $41,396,636,384 $764,015,973,481
2004 $26,997,977,896 $591,016,690,732
2003 $20,342,128,112 $430,347,420,185
2002 $17,311,512,433 $345,470,494,418
2001 $8,936,079,118 $306,602,070,621
2000 $9,129,594,970 $259,710,142,197
1999 $6,152,923,310 $195,907,128,351
1998 $6,506,221,616 $270,955,486,862
1997 $7,648,380,196 $404,928,954,192
1996 $7,526,421,519 $391,724,890,744
1995 $5,538,749,260 $395,537,185,735
1994 $4,438,321,017 $395,077,301,248
1993 $5,768,720,422 $435,083,713,851
1992 $8,307,810,974 $460,290,556,901
1991 $10,603,784,541 $517,962,962,963
1990 $11,229,515,599 $517,014,446,228
1989 $10,201,780,977 $506,631,299,735
1988 $8,769,836,769 $554,828,660,436
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 (1980–2025, retrieved 2026-07-08).

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

GDP per capita in Angola vs Russia by year

Angola
GDP per capita

GDP per capita, PPP
Russia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Angola Russia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $3,129 - $17,847 -
2024 $2,721 $10,119 $15,219 $47,362
2023 $2,886 $9,754 $14,227 $44,269
2022 $3,599 $9,588 $15,894 $40,939
2021 $2,267 $8,862 $12,637 $38,638
2020 $1,749 $7,827 $10,280 $31,491
2019 $2,508 $8,573 $11,640 $30,964
2018 $2,892 $8,278 $11,399 $28,629
2017 $2,832 $8,007 $10,835 $25,778
2016 $2,082 $7,767 $8,804 $24,012
2015 $3,642 $8,067 $9,427 $23,994
2014 $5,650 $9,018 $14,277 $25,688
2013 $5,689 $8,504 $15,941 $26,020
2012 $5,702 $8,246 $15,402 $24,274
2011 $5,184 $7,538 $14,305 $22,790
2010 $4,102 $7,412 $10,675 $20,490
2009 $3,645 $7,228 $8,563 $19,390
2008 $4,578 $7,316 $11,635 $20,164
2007 $3,515 $6,728 $9,101 $16,648
2006 $2,930 $6,018 $6,920 $14,912
2005 $2,146 $5,416 $5,323 $11,822
2004 $1,451 $4,771 $4,102 $10,227
2003 $1,134 $4,322 $2,975 $9,255
2002 $999 $4,241 $2,378 $8,037
2001 $534 $3,802 $2,100 $7,361
2000 $564 $3,690 $1,772 $6,825
1999 $393 $3,619 $1,331 $5,914
1998 $429 $3,609 $1,835 $5,465
1997 $522 $3,525 $2,738 $5,700
1996 $531 $3,342 $2,644 $5,518
1995 $404 $2,990 $2,666 $5,613
1994 $335 $2,633 $2,662 $5,734
1993 $450 $2,628 $2,931 $6,420
1992 $669 $3,486 $3,099 $6,862
1991 $882 $3,740 $3,490 $7,858
1990 $966 $3,705 $3,494 $8,028
1989 $908 - $3,430 -
1988 $807 - $3,778 -
1987 $770 - - -
1986 $698 - - -
1985 $772 - - -
1984 $650 - - -
1983 $637 - - -
1982 $634 - - -
1981 $658 - - -
1980 $729 - - -

Data sources: World Bank | Economy & Growth (1980–2025, retrieved 2026-07-08).

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

Angola's GDP per capita is $3,129, ranking 142/197, compared to $17,847 in Russia, ranking 68/197. Adjusted for purchasing power (GDP per capita PPP), Angola ranks 133rd at $10,119, while Russia ranks 50th at $47,362.

Economic indicators

Angola Russia
Gross domestic product
$122B
2025
$2.56T
2025
GDP rank
68/197
2025
8/197
2025
GDP growth
3.13%
2024-2025
1%
2024-2025
GDP per capita
$3,129
2025
$17,847
2025
GDP per capita rank
142/197
2025
68/197
2025
GDP per capita, PPP
$10,119
2024
$47,362
2024
GDP per capita PPP rank
133/197
2024
50/197
2024
Government debt
$62.7B
2025
$440B
2025
Debt-to-GDP ratio
51.3%
2025
17.2%
2025
Government debt per person
$1,606
2025
$3,068
2025
Government debt per person rank
127/185
2025
105/185
2025
Average annual personal income after taxes
$2,550
2026
$11,183
2026
Market capitalization of domestic companies n/a
$650B
2023
Number of millionaires n/a
447,000
2026
Number of billionaires n/a
147
2026
Income share by richest 10%
39.6%
2018
25.1%
2023
Income share by poorest 10%
1.3%
2018
3.1%
2023
Government expenditure, % of GDP
18.9%
2025
39.1%
2025
Consumer prices inflation
20.2%
2024-2025
8.7%
2024-2025
Central bank interest rate
17.5%
2026
14.5%
2026
Unemployment rate
10.4%
2025
2.13%
2025
Population
40839390
142643173

Spending and national debt comparison by year

Angola
Spending

Debt
Russia
Spending

Debt
1x
Year % of GDP
Angola Russia
Government spending Government debt Government spending Government debt
2025 18.9% 51.3% 39.1% 17.2%
2024 19% 57.1% 36.7% 14.8%
2023 23.3% 75.7% 36.1% 15.2%
2022 24.8% 57.4% 35.1% 15.1%
2021 22.8% 75.5% 34.9% 16.5%
2020 24.4% 119.8% 39.2% 19.2%
2019 20.9% 100.8% 33.8% 13.7%
2018 17.8% 81.6% 32.6% 13.6%
2017 20.7% 59.6% 34.8% 14.3%
2016 19.1% 65.7% 36.6% 14.8%
2015 23.9% 50.4% 35.3% 15.3%
2014 32.3% 35.3% 34.9% 15.1%
2013 32.9% 29.5% 34.7% 12.3%
2012 33.2% 23.8% 34% 11.2%
2011 33.3% 26.3% 33.3% 10.3%
2010 34.6% 32.6% 35.5% 10.1%
2009 38.7% 48.4% 38.6% 9.92%
2008 47.2% 28.1% 32% 7.45%
2007 34.1% 18.8% 31.9% 8.03%
2006 27.3% 16.7% 29% 9.8%
2005 23.7% 29.9% 29.5% 14.9%
2004 26% 41.6% 29.6% 20.8%
2003 30.1% 50.8% 32.6% 28.3%
2002 27.6% 65.1% 33.8% 37.6%
2001 30.3% 100.2% 31.5% 44.4%
2000 35.8% 118.2% 30.7% 55.9%
1999 45.7% 104.8% 34.3% 92.4%
1998 30.3% 96.3% 39.7% 135.2%
1997 31.1% 73.5% - 51.5%
1996 29.3% 92% - 51.9%
1995 - - - 53.7%
1994 - - - 63.5%
1993 - - - 92.4%
1992 - - - 116%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1996–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1992–1999, retrieved 2026-07-08).

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

In 2025, Angola's government spending was $23B, accounting for 18.9% of its GDP, while Russia spent $1T, or 39.1% of GDP.

Debt-to-GDP ratio is 51.3% in Angola and 17.2% in Russia, ranking 103/185 and 175/185, respectively.

Government deficit by year

Deficit/surplus
Angola

Russia
1x
Year Deficit/surplus, % of GDP
Angola Russia
2025 -4.07% -3.9%
2024 -1.19% -1.59%
2023 -2.49% -2.24%
2022 1.78% -1.34%
2021 1.35% 0.78%
2020 -3.05% -3.99%
2019 -0.2% 1.93%
2018 2% 2.92%
2017 -5.68% -1.47%
2016 -3.93% -3.67%
2015 -2.58% -3.39%
2014 -5.08% -1.07%
2013 -0.28% -1.16%
2012 3.67% 0.38%
2011 7.17% 1.43%
2010 2.96% -3.19%
2009 -6.83% -5.89%
2008 -3.82% 4.55%
2007 3.81% 5.59%
2006 8.42% 7.8%
2005 6.4% 7.6%
2004 1.03% 4.57%
2003 -4.1% 1.35%
2002 -2.24% 0.67%
2001 2.8% 2.99%
2000 2.02% 3.11%
1999 -9.4% -3.59%
1998 -5.92% -7.42%
1997 -0.27% -
1996 5.22% -
1995 - -
1994 - -
1993 - -
1992 - -
1991 - -
1990 - -
1989 - -
1988 - -
1987 - -
1986 - -
1985 - -
1984 - -
1983 - -
1982 - -
1981 - -
1980 - -
1979 - -
1978 - -
1977 - -
1976 - -
1975 - -
1974 - -
1973 - -
1972 - -
1971 - -
1970 - -
1969 - -
1968 - -
1967 - -
1966 - -
1965 - -
1964 - -
1963 - -
1962 - -
1961 - -
1960 - -
1959 - -
1958 - -
1957 - -
1956 - -
1955 - -
1954 - -
1953 - -
1952 - -
1951 - -
1950 - -
1949 - -
1948 - -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - 0.15%
1939 - 0.12%
1938 - 0.16%
1937 - 0.12%
1936 - 0.1%
1935 - 0.07%
1934 - 0.25%
1933 - 0.58%
1932 - 0.06%
1931 - -1.12%
1930 - -1.62%
1929 - -0.4%
1928 - -0.4%
1927 - -
1926 - -
1925 - -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -
1912 - 0.69%
1911 - 1.26%
1910 - 1.52%
1909 - -0.15%
1908 - -0.83%
1907 - -0.86%
1906 - -3.19%
1905 - -7.72%
1904 - -5.13%
1903 - 1.04%
1902 - -1.57%
1901 - 0.14%
1900 - -0.36%
1899 - 0.66%
1898 - 0.03%
1897 - 0.34%
1896 - 1.3%
1895 - 0.7%
1894 - 1.43%
1893 - 0.63%
1892 - -1.16%
1891 - -0.97%
1890 - 0.01%
1889 - 1.34%
1888 - 0.88%
1887 - 0.14%
1886 - -0.84%
1885 - -0.75%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1996–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1885–1940, retrieved 2026-07-08).

GeoRank.org/economy/angola/russia | 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 Russia's deficit of $100B, or 3.9% of GDP.

Over the past 28 years, Angola recorded a fiscal deficit in 16 of those years, while Russia ran a deficit in 14 years. On average, Angola posted an annual deficit equal to 0.62% of GDP, compared to surplus of 0.06% of GDP for Russia.

Inflation comparison by year

Inflation
Angola

Russia
1x
Year Consumer prices inflation
Angola Russia
2025 20.2% 8.7%
2024 28.2% 8.4%
2023 13.6% 5.9%
2022 21.4% 13.7%
2021 25.8% 6.7%
2020 22.3% 3.4%
2019 17.1% 4.5%
2018 19.6% 2.9%
2017 29.8% 3.7%
2016 30.7% 7%
2015 9.2% 15.5%
2014 7.3% 7.8%
2013 8.8% 6.8%
2012 10.3% 5.1%
2011 13.5% 8.4%
2010 14.5% 6.8%
2009 13.7% 11.6%
2008 12.5% 14.1%
2007 12.2% 9%
2006 13.3% 9.7%
2005 23% 12.7%
2004 43.5% 10.9%
2003 98.2% 13.7%
2002 108.9% 15.8%
2001 152.6% 21.5%
2000 325% 20.8%
1999 248.2% 85.7%
1998 107.4% 27.7%
1997 221.5% 14.8%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Angola has recorded an average annual inflation rate of 57.7%, compared with 13.2% in Russia. In 2025, inflation was 20.2% in Angola and 8.7% in Russia.

Top exports between countries

Angola
Export category Export value
Machinery & equipment $94K
Wood & paper products $89K
Raw agricultural goods $66K
Metals $54K
Textiles & consumer goods $49K
Raw materials & minerals $6K
Animal & marine products $3K
Processed food, beverages & tobacco $2K
Russia
Export category Export value
Raw agricultural goods $44.2M
Machinery & equipment $21.5M
Wood & paper products $7.34M
Raw materials & minerals $6.38M
Precious metals & jewellery $4.26M
Chemicals & pharma $3.36M
Business & finance services $2.28M
Animal & marine products $2M
Manufacturing & construction services $1.51M
Metals $1.19M

Balance of trade

Angola Russia
Current account balance
$536M
2025
$43.1B
2025
Current account balance ranking
57/190
2025
14/190
2025
Current account balance, % of GDP
+0.44%
2025
+1.68%
2025
Goods imports
$15.5B
2025
$305B
2025
Goods exports
$30.6B
2025
$422B
2025
Service imports
$8.51B
2025
$94.8B
2025
Service exports
$118M
2025
$46.3B
2025
Imports of goods and services, % of GDP
11.7%
2025
15.5%
2025
Exports of goods and services, % of GDP
23%
2025
18.2%
2025

Economic freedom indices

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

Angola Russia
Economic freedom 54.4 50.3
Economic freedom ranking 133/197 161/197
Property rights 36.9 18.6
Government integrity 28.3 22.8
Judicial effectiveness 26.3 22.8
Tax burden 86.9 81.9
Government spending 89.3 61.3
Fiscal health 91.9 94.4
Business freedom 42.8 51.4
Labor freedom 50.8 59.1
Monetary freedom 59 61.8
Trade freedom 70.4 69.4
Investment freedom 30 30
Financial freedom 40 30

Economic freedom comparison by year

Angola
Russia
1x
Year Economic freedom index
Angola Russia
2026 54.4 50.3
2025 55 51.6
2024 54.3 52
2023 53 53.8
2022 52.6 56.1
2021 54.2 61.5
2020 52.2 61
2019 50.6 58.9
2018 48.6 58.2
2017 48.5 57.1
2016 48.9 50.6
2015 47.9 52.1
2014 47.7 51.9
2013 47.3 51.1
2012 46.7 50.5
2011 46.2 50.5
2010 48.4 50.3
2009 47 50.8
2008 46.9 49.8
2007 44.7 52.2
2006 43.5 52.4
2005 - 51.3
2004 - 52.8
2003 - 50.8
2002 - 48.7
2001 - 49.8
2000 24.3 51.8
1999 23.7 54.5
1998 24.9 52.8
1997 24.2 48.6
1996 24.4 51.6
1995 27.4 51.1

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Angola is 54.4, ranking 133/197, compared to 50.3 for Russia, ranking 161/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Angola Russia
Services, % of GDP
46.8%
2025
58.9%
2025
Industry, % of GDP
27.1%
2025
29.7%
2025
Agriculture, forestry, and fishing, % of GDP
25.2%
2025
3.06%
2025
GNI, Atlas method
$112B
2025
$2.33T
2025
GNI per capita, PPP
$9,840
2025
$49,220
2025
Total reserves including gold
$13.5B
2025
$608B
2024
Total reserves ranking
75/177
2025
6/177
2024
Net foreign direct investment
-$1.02B
2025
-$12.4B
2025
Net inflows of foreign direct investment
-$1.11B
2024
-$9.35B
2024
Net outflows of foreign direct investment
$33.1M
2024
-$170M
2024
Servicing debt to the IMF, % of GNI
11.3%
2024
2.63%
2024
Poverty at national poverty lines
36.6%
2020
7.2%
2024
Gross capital formation, % of GDP
10.6%
2024
25.9%
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/russia | CC BY

Compare countries by 7 more topics

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Data sources:

  1. World Bank | Economy & Growth (1980–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1996–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1885–1999, 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 (2020–2024, 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.