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Economy of Angola vs Saint Lucia compared: GDP & Debt

Updated on by Georank team

Angola has a GDP of $101B compared to $2.55B for Saint Lucia, ranking 71/197 and 173/197 by economy size, respectively.

Angola has $60.5B in government debt (59.9% of GDP), compared to $1.97B (77.2% of GDP) in Saint Lucia.

Angola vs Saint Lucia GDP by year

Angola
Saint Lucia
1x
Year GDP, current $
Angola Saint Lucia
2024 $100,998,916,781 $2,549,062,963
2023 $107,167,747,140 $2,430,166,667
2022 $131,212,208,930 $2,342,714,815
2021 $79,559,543,805 $1,867,185,185
2020 $58,852,456,454 $1,499,274,074
2019 $80,734,428,593 $2,095,344,444
2018 $89,512,794,227 $2,060,955,556
2017 $84,376,935,689 $1,998,503,704
2016 $59,878,249,719 $1,868,544,444
2015 $102,543,067,841 $1,807,640,741
2014 $153,449,860,496 $1,749,185,185
2013 $148,845,200,697 $1,660,392,593
2012 $143,572,907,528 $1,598,207,407
2011 $125,551,634,704 $1,568,370,370
2010 $95,546,919,755 $1,482,385,185
2009 $81,705,175,408 $1,401,507,889
2008 $98,790,432,989 $1,437,731,111
2007 $73,037,821,927 $1,336,088,815
2006 $58,653,659,980 $1,268,319,185
2005 $41,396,636,383 $1,135,555,556
2004 $26,997,977,897 $1,066,666,667
2003 $20,342,128,112 $987,407,407
2002 $17,311,512,432 $900,000,000
2001 $8,936,079,118 $892,592,593
2000 $9,129,594,970 $932,592,593
1999 $6,152,923,310 $921,851,852
1998 $6,506,221,616 $877,407,407
1997 $7,648,380,196 $805,925,926
1996 $7,526,421,519 $788,888,889
1995 $5,538,749,260 $762,962,963
1994 $4,438,321,017 $713,703,704
1993 $5,768,720,422 $684,814,815
1992 $8,307,810,974 $674,074,074
1991 $10,603,784,541 $613,703,704
1990 $11,229,515,599 $579,629,630
1989 $10,201,780,977 $486,666,667
1988 $8,769,836,769 $429,629,630
1987 $8,084,412,414 $375,555,556
1986 $7,072,536,109 $340,000,000
1985 $7,554,065,410 $284,444,444
1984 $6,131,475,065 $251,481,481
1983 $5,784,341,596 $197,037,037
1982 $5,550,483,036 $183,333,333
1981 $5,550,483,036 $194,444,444
1980 $5,930,503,401 $170,370,370

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

GeoRank.org/economy/angola/saint-lucia | CC BY

GDP per capita in Angola vs Saint Lucia by year

Angola
GDP per capita

GDP per capita, PPP
Saint Lucia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Angola Saint Lucia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,666 $10,119 $14,182 $27,567
2023 $2,916 $9,754 $13,555 $25,975
2022 $3,682 $9,588 $13,104 $24,599
2021 $2,304 $8,862 $10,459 $19,101
2020 $1,759 $7,827 $8,411 $14,912
2019 $2,494 $8,573 $11,794 $18,710
2018 $2,860 $8,278 $11,643 $17,433
2017 $2,791 $8,007 $11,333 $16,131
2016 $2,052 $7,767 $10,638 $15,307
2015 $3,642 $8,067 $10,335 $14,353
2014 $5,650 $9,018 $10,045 $14,403
2013 $5,689 $8,504 $9,577 $14,010
2012 $5,702 $8,246 $9,260 $13,443
2011 $5,184 $7,538 $9,129 $13,471
2010 $4,102 $7,412 $8,674 $12,718
2009 $3,645 $7,228 $8,251 $12,600
2008 $4,578 $7,316 $8,517 $12,969
2007 $3,515 $6,728 $7,964 $12,199
2006 $2,930 $6,018 $7,611 $11,758
2005 $2,146 $5,416 $6,863 $10,818
2004 $1,451 $4,771 $6,495 $10,610
2003 $1,134 $4,322 $6,059 $9,707
2002 $999 $4,241 $5,568 $9,205
2001 $534 $3,802 $5,570 $9,106
2000 $564 $3,690 $5,880 $9,314
1999 $393 $3,619 $5,883 $9,214
1998 $429 $3,609 $5,673 $8,965
1997 $522 $3,525 $5,282 $8,456
1996 $531 $3,342 $5,244 $8,490
1995 $404 $2,990 $5,148 $8,222
1994 $335 $2,633 $4,892 $8,041
1993 $450 $2,628 $4,765 $7,865
1992 $669 $3,486 $4,760 $7,753
1991 $882 $3,740 $4,399 $7,127
1990 $966 $3,705 $4,205 $6,951
1989 $908 - $3,565 -
1988 $807 - $3,182 -
1987 $770 - $2,819 -
1986 $698 - $2,591 -
1985 $772 - $2,202 -
1984 $650 - $1,979 -
1983 $637 - $1,576 -
1982 $634 - $1,489 -
1981 $658 - $1,605 -
1980 $729 - $1,428 -

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

GeoRank.org/economy/angola/saint-lucia | CC BY

Angola's GDP per capita is $2,666, ranking 144/197, compared to $14,182 in Saint Lucia, ranking 70/197. Adjusted for purchasing power (GDP per capita PPP), Angola ranks 133rd at $10,119, while Saint Lucia ranks 75th at $27,567.

Economic indicators

Angola Saint Lucia
Gross domestic product
$101B
2024
$2.55B
2024
GDP rank
71/197
2024
173/197
2024
GDP growth
4.42%
2023-2024
3.89%
2023-2024
GDP per capita
$2,666
2024
$14,182
2024
GDP per capita rank
144/197
2024
70/197
2024
GDP per capita, PPP
$10,119
2024
$27,567
2024
GDP per capita PPP rank
133/197
2024
75/197
2024
Government debt
$60.5B
2024
$1.97B
2024
Debt-to-GDP ratio
59.9%
2024
77.2%
2024
Government debt per person
$1,597
2024
$10,952
2024
Government debt per person rank
127/185
2024
52/185
2024
Average annual personal income after taxes
$28,080
2026
$10,412
2026
Income share by richest 10%
39.6%
2018
34.1%
2015
Income share by poorest 10%
1.3%
2018
2.1%
2015
Government expenditure, % of GDP
18.4%
2024
24.5%
2024
Consumer prices inflation
28.2%
2023-2024
-0.11%
2023-2024
Central bank interest rate
18%
2023
n/a
Unemployment rate
14.1%
2022
10.1%
2024
Population
40555924
180638

Spending and national debt comparison by year

Angola
Spending

Debt
Saint Lucia
Spending

Debt
1x
Year % of GDP
Angola Saint Lucia
Government spending Government debt Government spending Government debt
2024 18.4% 59.9% 24.5% 77.2%
2023 18.8% 72.4% 25.6% 76.6%
2022 19.5% 56.1% 23% 74.4%
2021 17.3% 74.3% 27.4% 87%
2020 20% 119.1% 34.9% 100%
2019 18.2% 101.4% 25.1% 62.1%
2018 18.3% 82.5% 23.2% 60.5%
2017 21% 60.5% 23.3% 60.4%
2016 19.4% 66.7% 23% 61.3%
2015 23.9% 50.4% 23.7% 61.1%
2014 32.3% 35.3% 23.6% 62.4%
2013 32.9% 29.5% 25.4% 62.1%
2012 33.2% 23.8% 28% 60.8%
2011 33.3% 26.3% 27% 55.2%
2010 34.6% 32.6% 26% 53%
2009 38.7% 48.4% 24.5% 51%
2008 47.2% 28.1% 22.2% 46.7%
2007 34.1% 18.8% 22.6% 49.1%
2006 27.3% 16.7% 24.7% 48.6%
2005 23.7% 29.9% 26% 51.9%
2004 26% 41.6% 22.9% 49.6%
2003 30.1% 50.8% 22.9% 45.6%
2002 27.6% 65.1% 23.6% 48.8%
2001 30.3% 100.2% 22.1% 38.1%
2000 35.8% 118.2% 20.7% 32.5%
1999 39.4% 104.8% 20.9% 28.9%
1998 26.1% 96.3% 18.8% 29.4%
1997 26.8% 73.5% 19.5% 27.2%
1996 25.2% 92% 18.9% 24.1%
1995 - - 19.2% 22.9%
1994 - - 19.1% 23.8%
1993 - - 21.8% 22.9%
1992 - - 18.4% 22.2%
1991 - - 18.4% 19.8%
1990 - - 16.7% 17%
1989 - - 19% 18.1%
1988 - - 18.2% 18.6%
1987 - - 19.9% 19.6%
1986 - - 21.1% 17.2%
1985 - - 20.4% 17.1%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1999, retrieved 2026-02-20).

GeoRank.org/economy/angola/saint-lucia | CC BY

In 2024, Angola's government spending was $18.6B, accounting for 18.4% of its GDP, while Saint Lucia spent $625M, or 24.5% of GDP.

Debt-to-GDP ratio is 59.9% in Angola and 77.2% in Saint Lucia, ranking 78/185 and 46/185, respectively.

Government deficit by year

Deficit/surplus
Angola

Saint Lucia
1x
Year Deficit/surplus, % of GDP
Angola Saint Lucia
2024 -1.01% -2.13%
2023 -1.83% -3.09%
2022 0.58% -1.67%
2021 3.4% -5.1%
2020 -1.66% -12%
2019 0.69% -3.51%
2018 2.03% -1.03%
2017 -5.75% -1.14%
2016 -3.98% -0.79%
2015 -2.57% -2.35%
2014 -5.07% -3.08%
2013 -0.27% -4.84%
2012 3.68% -7.62%
2011 7.2% -5.38%
2010 2.98% -4.17%
2009 -6.8% -2.67%
2008 -3.8% -0.72%
2007 3.85% -1.62%
2006 8.42% -5.07%
2005 6.4% -6.18%
2004 1.03% -2.63%
2003 -4.1% -3.23%
2002 -2.24% -3.1%
2001 2.8% -3.08%
2000 2.02% -1.16%
1999 -8.1% 1.62%
1998 -5.1% 2.25%
1997 -0.23% -1.13%
1996 4.49% -0.58%
1995 - -0.13%
1994 - -0.02%
1993 - -0.26%
1992 - -0.66%
1991 - -0.43%
1990 - 0.29%
1989 - 0.89%
1988 - 2.02%
1987 - 0.56%
1986 - -1.61%
1985 - -1.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20).

GeoRank.org/economy/angola/saint-lucia | 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 Saint Lucia's deficit of $54.2M, or 2.13% of GDP.

Over the past 29 years, Angola recorded a fiscal deficit in 15 of those years, while Saint Lucia ran a deficit in 27 years. On average, Angola posted an annual deficit equal to 0.1% of GDP, compared to deficit of 2.94% of GDP for Saint Lucia.

Inflation comparison by year

Inflation
Angola

Saint Lucia
1x
Year Consumer prices inflation
Angola Saint Lucia
2024 28.2% -0.11%
2023 13.6% 4.07%
2022 21.4% 6.38%
2021 25.8% 2.41%
2020 22.3% -1.76%
2019 17.1% 0.54%
2018 19.6% 1.94%
2017 29.8% 0.1%
2016 30.7% -3.08%
2015 9.2% -0.98%
2014 7.3% 3.52%
2013 8.8% 1.47%
2012 10.3% 4.18%
2011 13.5% 2.77%
2010 14.5% 3.25%
2009 13.7% -0.16%
2008 12.5% 5.55%
2007 12.2% 2.82%
2006 13.3% 2.4%
2005 23% 3.9%
2004 43.5% 1.46%
2003 98.2% 1.03%
2002 108.9% -0.26%
2001 152.6% 5.31%
2000 325% 3.71%
1999 248.2% 3.5%
1998 107.4% 3.2%
1997 221.5% -0.006%

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/saint-lucia | CC BY

Over the past 28 years, Angola has recorded an average annual inflation rate of 59%, compared with 2.04% in Saint Lucia. In 2024, inflation was 28.2% in Angola and -0.11% in Saint Lucia.

Balance of trade

Angola Saint Lucia
Current account balance
$6.31B
2024
-$64.1M
2024
Current account balance ranking
30/190
2024
86/190
2024
Current account balance, % of GDP
+6.25%
2024
-2.52%
2024
Goods imports
$14.2B
2024
$848M
2024
Goods exports
$36.8B
2024
$137M
2024
Service imports
$8.49B
2024
$598M
2024
Service exports
$129M
2024
$1.46B
2024
Imports of goods and services, % of GDP
19.4%
2024
n/a
Exports of goods and services, % of GDP
31.5%
2024
19%
2025

Economic freedom indices

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

Angola Saint Lucia
Economic freedom 54.4 67.5
Economic freedom ranking 133/197 57/197
Property rights 36.9 64.3
Government integrity 28.3 59.7
Judicial effectiveness 26.3 77.3
Tax burden 86.9 77.7
Government spending 89.3 82.6
Fiscal health 91.9 80
Business freedom 42.8 71.9
Labor freedom 50.8 65.2
Monetary freedom 59 81
Trade freedom 70.4 60
Investment freedom 30 50
Financial freedom 40 40

Economic freedom comparison by year

Angola
Saint Lucia
1x
Year Economic freedom index
Angola Saint Lucia
2026 54.4 67.5
2025 55 67
2024 54.3 62.2
2023 53 60.7
2022 52.6 64.3
2021 54.2 67.5
2020 52.2 68.2
2019 50.6 68.7
2018 48.6 67.6
2017 48.5 65
2016 48.9 70
2015 47.9 70.2
2014 47.7 70.7
2013 47.3 70.4
2012 46.7 71.3
2011 46.2 70.8
2010 48.4 70.5
2009 47 68.8
2008 46.9 -
2007 44.7 -
2006 43.5 -
2005 - -
2004 - -
2003 - -
2002 - -
2001 - -
2000 24.3 -
1999 23.7 -
1998 24.9 -
1997 24.2 -
1996 24.4 -
1995 27.4 -

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

GeoRank.org/economy/angola/saint-lucia | CC BY

The Economic Freedom Index for Angola is 54.4, ranking 133/197, compared to 67.5 for Saint Lucia, ranking 57/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Angola Saint Lucia
Services, % of GDP
41.1%
2024
75.9%
2024
Industry, % of GDP
34.6%
2024
9.75%
2024
Agriculture, forestry, and fishing, % of GDP
22.1%
2024
1.13%
2024
GNI, Atlas method
$108B
2024
$2.27B
2024
GNI per capita, PPP
$9,460
2024
$24,840
2024
Total reserves including gold
$14.2B
2024
$406M
2024
Total reserves ranking
69/177
2024
162/177
2024
Net foreign direct investment
$1.14B
2024
-$187M
2024
Net inflows of foreign direct investment
-$1.11B
2024
$187M
2024
Net outflows of foreign direct investment
$33.1M
2024
-$350K
2024
Servicing debt to the IMF, % of GNI
11.5%
2024
3.42%
2024
Poverty at national poverty lines
36.6%
2020
25%
2016
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/saint-lucia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1980–2024, 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 (1985–1999, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. 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.