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Economy of Angola vs Sierra Leone compared: GDP & Debt

Updated on by Georank

Angola has a GDP of $122B compared to $7.46B for Sierra Leone, ranking 68/197 and 160/197 by economy size, respectively.

Angola has $62.7B in government debt (51.3% of GDP), compared to $3.38B (45.2% of GDP) in Sierra Leone.

Angola vs Sierra Leone GDP by year

Angola
Sierra Leone
1x
Year GDP, current $
Angola Sierra Leone
2025 $122,174,889,424 $7,464,157,904
2024 $103,080,538,044 $6,971,127,234
2023 $106,042,349,567 $6,415,852,766
2022 $128,233,959,333 $7,121,125,277
2021 $78,283,923,544 $7,166,931,483
2020 $58,512,033,806 $6,688,307,706
2019 $81,193,813,808 $6,523,577,590
2018 $90,506,061,877 $6,390,514,689
2017 $85,629,598,654 $5,749,846,528
2016 $60,770,049,747 $6,084,297,211
2015 $102,543,067,841 $6,788,352,975
2014 $153,449,860,496 $7,686,138,791
2013 $148,845,200,696 $7,502,762,863
2012 $143,572,907,528 $6,141,666,509
2011 $125,551,634,705 $4,861,632,885
2010 $95,546,919,754 $4,262,805,967
2009 $81,705,175,409 $3,953,403,098
2008 $98,790,432,989 $4,157,895,298
2007 $73,037,821,926 $3,632,957,611
2006 $58,653,659,980 $3,263,697,467
2005 $41,396,636,384 $2,545,275,313
2004 $26,997,977,896 $2,237,350,687
2003 $20,342,128,112 $2,142,618,046
2002 $17,311,512,433 $1,933,863,911
2001 $8,936,079,118 $1,681,473,894
2000 $9,129,594,970 $635,866,404
1999 $6,152,923,310 $669,386,624
1998 $6,506,221,616 $672,368,187
1997 $7,648,380,196 $850,232,760
1996 $7,526,421,519 $941,709,423
1995 $5,538,749,260 $870,740,292
1994 $4,438,321,017 $911,853,802
1993 $5,768,720,422 $768,867,883
1992 $8,307,810,974 $679,940,814
1991 $10,603,784,541 $779,981,987
1990 $11,229,515,599 $649,644,098
1989 $10,201,780,977 $932,974,420
1988 $8,769,836,769 $1,055,083,933
1987 $8,084,412,414 $660,106,336
1986 $7,072,536,109 $490,181,457
1985 $7,554,065,410 $856,890,459
1984 $6,131,475,065 $1,087,471,862
1983 $5,784,341,596 $995,104,305
1982 $5,550,483,036 $1,295,361,886
1981 $5,550,483,036 $1,114,830,472
1980 $5,930,503,401 $1,100,685,845
1979 - $1,109,374,911
1978 - $960,728,339
1977 - $691,777,584
1976 - $594,895,942
1975 - $679,336,344
1974 - $648,590,643
1973 - $575,230,724
1972 - $465,381,340
1971 - $419,549,305
1970 - $434,410,974
1969 - $408,690,163
1968 - $329,859,732
1967 - $348,795,303
1966 - $375,479,850
1965 - $359,379,856
1964 - $371,847,461
1963 - $348,547,279
1962 - $342,721,416
1961 - $327,834,191
1960 - $322,009,962

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/angola/sierra-leone | CC BY

GDP per capita in Angola vs Sierra Leone by year

Angola
GDP per capita

GDP per capita, PPP
Sierra Leone
GDP per capita

GDP per capita, PPP
1x
Year Current $
Angola Sierra Leone
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $3,129 - $846 -
2024 $2,721 $10,119 $807 $3,522
2023 $2,886 $9,754 $758 $3,368
2022 $3,599 $9,588 $860 $3,144
2021 $2,267 $8,862 $885 $2,849
2020 $1,749 $7,827 $845 $2,719
2019 $2,508 $8,573 $844 $2,704
2018 $2,892 $8,278 $846 $2,640
2017 $2,832 $8,007 $779 $2,501
2016 $2,082 $7,767 $844 $2,635
2015 $3,642 $8,067 $965 $2,560
2014 $5,650 $9,018 $1,118 $2,762
2013 $5,689 $8,504 $1,117 $2,701
2012 $5,702 $8,246 $938 $2,317
2011 $5,184 $7,538 $761 $2,043
2010 $4,102 $7,412 $685 $1,900
2009 $3,645 $7,228 $653 $1,814
2008 $4,578 $7,316 $705 $1,824
2007 $3,515 $6,728 $632 $1,770
2006 $2,930 $6,018 $580 $1,698
2005 $2,146 $5,416 $463 $1,615
2004 $1,451 $4,771 $418 $1,541
2003 $1,134 $4,322 $414 $1,458
2002 $999 $4,241 $389 $1,360
2001 $534 $3,802 $358 $1,121
2000 $564 $3,690 $143.7 $1,242
1999 $393 $3,619 $155 $1,167
1998 $429 $3,609 $156.5 $1,180
1997 $522 $3,525 $199.9 $1,157
1996 $531 $3,342 $224.3 $1,225
1995 $404 $2,990 $208.4 $1,187
1994 $335 $2,633 $218.5 $1,266
1993 $450 $2,628 $185 $1,269
1992 $669 $3,486 $163.2 $1,220
1991 $882 $3,740 $183.7 $1,445
1990 $966 $3,705 $154.8 $1,382
1989 $908 - $231.3 -
1988 $807 - $268.2 -
1987 $770 - $172.4 -
1986 $698 - $131.5 -
1985 $772 - $235.5 -
1984 $650 - $306 -
1983 $637 - $285.8 -
1982 $634 - $380 -
1981 $658 - $334 -
1980 $729 - $336 -
1979 - - $346 -
1978 - - $305 -
1977 - - $224.2 -
1976 - - $196.4 -
1975 - - $228.4 -
1974 - - $222.1 -
1973 - - $200.6 -
1972 - - $165.4 -
1971 - - $151.8 -
1970 - - $160.2 -
1969 - - $153.6 -
1968 - - $126.3 -
1967 - - $136.1 -
1966 - - $149.3 -
1965 - - $145.6 -
1964 - - $153.4 -
1963 - - $146.3 -
1962 - - $146.3 -
1961 - - $142.3 -
1960 - - $142 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/angola/sierra-leone | CC BY

Angola's GDP per capita is $3,129, ranking 142/197, compared to $846 in Sierra Leone, ranking 186/197. Adjusted for purchasing power (GDP per capita PPP), Angola ranks 133rd at $10,119, while Sierra Leone ranks 171st at $3,522.

Economic indicators

Angola Sierra Leone
Gross domestic product
$122B
2025
$7.46B
2025
GDP rank
68/197
2025
160/197
2025
GDP growth
3.13%
2024-2025
4.61%
2024-2025
GDP per capita
$3,129
2025
$846
2025
GDP per capita rank
142/197
2025
186/197
2025
GDP per capita, PPP
$10,119
2024
$3,522
2024
GDP per capita PPP rank
133/197
2024
171/197
2024
Government debt
$62.7B
2025
$3.38B
2025
Debt-to-GDP ratio
51.3%
2025
45.2%
2025
Government debt per person
$1,606
2025
$383
2025
Government debt per person rank
127/185
2025
173/185
2025
Average annual personal income after taxes
$2,550
2026
$1,418
2026
Income share by richest 10%
39.6%
2018
29.4%
2018
Income share by poorest 10%
1.3%
2018
3.4%
2018
Government expenditure, % of GDP
18.9%
2025
16.5%
2025
Consumer prices inflation
20.2%
2024-2025
7.6%
2024-2025
Central bank interest rate
17.5%
2026
16.8%
2025
Unemployment rate
10.4%
2025
1.65%
2018
Population
40839390
9090531

Spending and national debt comparison by year

Angola
Spending

Debt
Sierra Leone
Spending

Debt
1x
Year % of GDP
Angola Sierra Leone
Government spending Government debt Government spending Government debt
2025 18.9% 51.3% 16.5% 45.2%
2024 19% 57.1% 17.6% 46.7%
2023 23.3% 75.7% 15.4% 49.4%
2022 24.8% 57.4% 16.7% 54%
2021 22.8% 75.5% 16.8% 47.1%
2020 24.4% 119.8% 15.6% 46.4%
2019 20.9% 100.8% 13.3% 45.3%
2018 17.8% 81.6% 13.7% 44.2%
2017 20.7% 59.6% 15% 44.2%
2016 19.1% 65.7% 14.9% 38.9%
2015 23.9% 50.4% 13.1% 28.4%
2014 32.3% 35.3% 13.5% 26.8%
2013 32.9% 29.5% 11.4% 22.3%
2012 33.2% 23.8% 13.5% 24.1%
2011 33.3% 26.3% 13.2% 25.8%
2010 34.6% 32.6% 12.5% 28.9%
2009 38.7% 48.4% 11.3% 31.1%
2008 47.2% 28.1% 10.3% 46.1%
2007 34.1% 18.8% 8.1% 26.4%
2006 27.3% 16.7% 9.97% 61.9%
2005 23.7% 29.9% 10.9% 78.9%
2004 26% 41.6% 11.1% 93.2%
2003 30.1% 50.8% 11.7% 99.8%
2002 27.6% 65.1% 12.6% 99.8%
2001 30.3% 100.2% 12% 113.5%
2000 35.8% 118.2% 10.3% -
1999 45.7% 104.8% - -
1998 30.3% 96.3% - -
1997 31.1% 73.5% - -
1996 29.3% 92% - -

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

GeoRank.org/economy/angola/sierra-leone | CC BY

In 2025, Angola's government spending was $23B, accounting for 18.9% of its GDP, while Sierra Leone spent $1.23B, or 16.5% of GDP.

Debt-to-GDP ratio is 51.3% in Angola and 45.2% in Sierra Leone, ranking 103/185 and 115/185, respectively.

Government deficit by year

Deficit/surplus
Angola

Sierra Leone
1x
Year Deficit/surplus, % of GDP
Angola Sierra Leone
2025 -4.07% -4.2%
2024 -1.19% -5.16%
2023 -2.49% -4.99%
2022 1.78% -5.93%
2021 1.35% -4.35%
2020 -3.05% -3.5%
2019 -0.2% -1.95%
2018 2% -3.57%
2017 -5.68% -5.61%
2016 -3.93% -5.41%
2015 -2.58% -2.86%
2014 -5.08% -2.77%
2013 -0.28% -1.74%
2012 3.67% -3.41%
2011 7.17% -2.78%
2010 2.96% -3.09%
2009 -6.83% -1.51%
2008 -3.82% -2.22%
2007 3.81% 12.6%
2006 8.42% -0.93%
2005 6.4% -1.17%
2004 1.03% -1.46%
2003 -4.1% -2.78%
2002 -2.24% -3.03%
2001 2.8% -3.22%
2000 2.02% -1.94%
1999 -9.4% -
1998 -5.92% -
1997 -0.27% -
1996 5.22% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1996–2025, retrieved 2026-07-08).

GeoRank.org/economy/angola/sierra-leone | 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 Sierra Leone's deficit of $313M, or 4.2% of GDP.

Over the past 26 years, Angola recorded a fiscal deficit in 14 of those years, while Sierra Leone ran a deficit in 25 years. On average, Angola posted an annual deficit equal to 0.08% of GDP, compared to deficit of 2.58% of GDP for Sierra Leone.

Inflation comparison by year

Inflation
Angola

Sierra Leone
1x
Year Consumer prices inflation
Angola Sierra Leone
2025 20.2% 7.6%
2024 28.2% 28.4%
2023 13.6% 47.7%
2022 21.4% 27.2%
2021 25.8% 11.9%
2020 22.3% 13.4%
2019 17.1% 14.8%
2018 19.6% 16%
2017 29.8% 18.2%
2016 30.7% 10.9%
2015 9.2% 6.7%
2014 7.3% 4.6%
2013 8.8% 5.5%
2012 10.3% 6.6%
2011 13.5% 6.8%
2010 14.5% 7.2%
2009 13.7% 7.5%
2008 12.5% 8.2%
2007 12.2% 17%
2006 13.3% 10.5%
2005 23% 13.7%
2004 43.5% 12.9%
2003 98.2% 4%
2002 108.9% 0.1%
2001 152.6% 2.6%
2000 325% -0.9%
1999 248.2% 34.1%
1998 107.4% 36%
1997 221.5% 14.6%

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

GeoRank.org/economy/angola/sierra-leone | CC BY

Over the past 29 years, Angola has recorded an average annual inflation rate of 57.7%, compared with 13.6% in Sierra Leone. In 2025, inflation was 20.2% in Angola and 7.6% in Sierra Leone.

Top exports between countries

Angola
Export category Export value
Metals $690K
Miscellaneous $341K
Machinery & equipment $26K
Raw materials & minerals $24K
Sierra Leone
Export category Export value
Machinery & equipment $26K
Processed food, beverages & tobacco $8K

Balance of trade

Angola Sierra Leone
Current account balance
$536M
2025
-$984M
2024
Current account balance ranking
57/190
2025
115/190
2024
Current account balance, % of GDP
+0.44%
2025
-14.1%
2024
Goods imports
$15.5B
2025
$2.4B
2024
Goods exports
$30.6B
2025
$1.55B
2024
Service imports
$8.51B
2025
$514M
2024
Service exports
$118M
2025
$49.6M
2024
Imports of goods and services, % of GDP
11.7%
2025
28.2%
2025
Exports of goods and services, % of GDP
23%
2025
20.9%
2025

Economic freedom indices

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

Angola Sierra Leone
Economic freedom 54.4 49.6
Economic freedom ranking 133/197 165/197
Property rights 36.9 32.9
Government integrity 28.3 35.8
Judicial effectiveness 26.3 42
Tax burden 86.9 88.2
Government spending 89.3 92.4
Fiscal health 91.9 54.1
Business freedom 42.8 44.8
Labor freedom 50.8 38.2
Monetary freedom 59 53.6
Trade freedom 70.4 63.6
Investment freedom 30 30
Financial freedom 40 20

Economic freedom comparison by year

Angola
Sierra Leone
1x
Year Economic freedom index
Angola Sierra Leone
2026 54.4 49.6
2025 55 48
2024 54.3 44.6
2023 53 50.2
2022 52.6 52
2021 54.2 51.7
2020 52.2 48
2019 50.6 47.5
2018 48.6 51.8
2017 48.5 52.6
2016 48.9 52.3
2015 47.9 51.7
2014 47.7 50.5
2013 47.3 48.3
2012 46.7 49.1
2011 46.2 49.6
2010 48.4 47.9
2009 47 47.8
2008 46.9 48.3
2007 44.7 47
2006 43.5 45.2
2005 - 44.8
2004 - 43.6
2003 - 42.2
2002 - -
2001 - -
2000 24.3 44.2
1999 23.7 47.2
1998 24.9 47.7
1997 24.2 45
1996 24.4 52.3
1995 27.4 49.8

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

GeoRank.org/economy/angola/sierra-leone | CC BY

The Economic Freedom Index for Angola is 54.4, ranking 133/197, compared to 49.6 for Sierra Leone, ranking 165/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Angola Sierra Leone
Services, % of GDP
46.8%
2025
41.6%
2025
Industry, % of GDP
27.1%
2025
25.7%
2025
Agriculture, forestry, and fishing, % of GDP
25.2%
2025
29.5%
2025
GNI, Atlas method
$112B
2025
$7.34B
2025
GNI per capita, PPP
$9,840
2025
$3,690
2025
Total reserves including gold
$13.5B
2025
$433M
2024
Total reserves ranking
75/177
2025
161/177
2024
Net foreign direct investment
-$1.02B
2025
-$122M
2024
Net inflows of foreign direct investment
-$1.11B
2024
$122M
2024
Net outflows of foreign direct investment
$33.1M
2024
$0
2024
Servicing debt to the IMF, % of GNI
11.3%
2024
2.22%
2024
Poverty at national poverty lines
36.6%
2020
56.8%
2018
Gross capital formation, % of GDP
10.6%
2024
23.2%
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/sierra-leone | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1996–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2018–2024, retrieved 2026-07-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1996–1999, 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.