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Economy of Angola vs Sri Lanka compared: GDP & Debt

Updated on by Georank team

Angola has a GDP of $101B compared to $99B for Sri Lanka, ranking 71/197 and 72/197 by economy size, respectively.

Angola has $60.5B in government debt (59.9% of GDP), compared to $99.8B (100.8% of GDP) in Sri Lanka.

Angola vs Sri Lanka GDP by year

Angola
Sri Lanka
1x
Year GDP, current $
Angola Sri Lanka
2024 $100,998,916,781 $98,963,185,510
2023 $107,167,747,140 $83,716,142,582
2022 $131,212,208,930 $74,143,020,263
2021 $79,559,543,805 $88,556,698,938
2020 $58,852,456,454 $84,335,574,582
2019 $80,734,428,593 $88,998,706,297
2018 $89,512,794,227 $94,450,015,983
2017 $84,376,935,689 $94,369,350,286
2016 $59,878,249,719 $88,000,211,172
2015 $102,543,067,841 $85,090,301,052
2014 $153,449,860,496 $82,531,125,191
2013 $148,845,200,697 $76,976,203,829
2012 $143,572,907,528 $70,447,217,164
2011 $125,551,634,704 $67,753,285,897
2010 $95,546,919,755 $58,636,049,434
2009 $81,705,175,408 $42,066,224,093
2008 $98,790,432,989 $40,713,826,215
2007 $73,037,821,927 $32,350,238,760
2006 $58,653,659,980 $28,267,410,543
2005 $41,396,636,383 $24,405,791,045
2004 $26,997,977,897 $20,662,525,941
2003 $20,342,128,112 $18,881,765,437
2002 $17,311,512,432 $16,536,535,647
2001 $8,936,079,118 $15,749,753,805
2000 $9,129,594,970 $16,595,882,819
1999 $6,152,923,310 $15,711,933,513
1998 $6,506,221,616 $15,760,736,956
1997 $7,648,380,196 $15,091,913,884
1996 $7,526,421,519 $13,897,738,375
1995 $5,538,749,260 $13,029,697,561
1994 $4,438,321,017 $11,717,604,209
1993 $5,768,720,422 $10,338,679,636
1992 $8,307,810,974 $9,703,011,636
1991 $10,603,784,541 $9,000,362,582
1990 $11,229,515,599 $8,032,551,173
1989 $10,201,780,977 $6,987,267,684
1988 $8,769,836,769 $6,978,371,581
1987 $8,084,412,414 $6,682,167,120
1986 $7,072,536,109 $6,405,210,564
1985 $7,554,065,410 $5,978,460,972
1984 $6,131,475,065 $6,043,474,843
1983 $5,784,341,596 $5,167,913,302
1982 $5,550,483,036 $4,768,765,017
1981 $5,550,483,036 $4,415,844,156
1980 $5,930,503,401 $4,024,621,900
1979 - $3,364,611,432
1978 - $2,733,183,857
1977 - $4,104,509,583
1976 - $3,591,319,857
1975 - $3,791,298,146
1974 - $3,574,586,466
1973 - $2,875,625,000
1972 - $2,553,936,348
1971 - $2,369,308,600
1970 - $2,296,470,588
1969 - $1,965,546,218
1968 - $1,801,344,538
1967 - $1,859,465,021
1966 - $1,751,470,588
1965 - $1,698,319,328
1964 - $1,309,747,899
1963 - $1,240,672,269
1962 - $1,434,156,379
1961 - $1,444,327,731
1960 - $1,409,873,950

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

GeoRank.org/economy/angola/sri-lanka | CC BY

GDP per capita in Angola vs Sri Lanka by year

Angola
GDP per capita

GDP per capita, PPP
Sri Lanka
GDP per capita

GDP per capita, PPP
1x
Year Current $
Angola Sri Lanka
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,666 $10,119 $4,516 $15,633
2023 $2,916 $9,754 $3,799 $14,456
2022 $3,682 $9,588 $3,343 $14,194
2021 $2,304 $8,862 $3,997 $14,316
2020 $1,759 $7,827 $3,848 $12,941
2019 $2,494 $8,573 $4,082 $14,113
2018 $2,860 $8,278 $4,359 $14,178
2017 $2,791 $8,007 $4,399 $13,610
2016 $2,052 $7,767 $4,149 $13,079
2015 $3,642 $8,067 $4,058 $12,227
2014 $5,650 $9,018 $3,972 $11,721
2013 $5,689 $8,504 $3,739 $11,253
2012 $5,702 $8,246 $3,328 $10,249
2011 $5,184 $7,538 $3,225 $9,076
2010 $4,102 $7,412 $2,808 $8,234
2009 $3,645 $7,228 $2,027 $7,576
2008 $4,578 $7,316 $1,974 $7,317
2007 $3,515 $6,728 $1,579 $6,820
2006 $2,930 $6,018 $1,389 $6,261
2005 $2,146 $5,416 $1,207 $5,679
2004 $1,451 $4,771 $1,029 $5,216
2003 $1,134 $4,322 $946 $4,850
2002 $999 $4,241 $835 $4,522
2001 $534 $3,802 $804 $4,328
2000 $564 $3,690 $860 $4,368
1999 $393 $3,619 $829 $4,103
1998 $429 $3,609 $848 $3,952
1997 $522 $3,525 $827 $3,804
1996 $531 $3,342 $776 $3,582
1995 $404 $2,990 $742 $3,454
1994 $335 $2,633 $678 $3,260
1993 $450 $2,628 $607 $3,067
1992 $669 $3,486 $580 $2,851
1991 $882 $3,740 $546 $2,713
1990 $966 $3,705 $491 $2,527
1989 $908 - $430 -
1988 $807 - $434 -
1987 $770 - $420 -
1986 $698 - $407 -
1985 $772 - $385 -
1984 $650 - $391 -
1983 $637 - $336 -
1982 $634 - $312 -
1981 $658 - $292.5 -
1980 $729 - $271.1 -
1979 - - $230.8 -
1978 - - $191 -
1977 - - $292.1 -
1976 - - $260.3 -
1975 - - $279.8 -
1974 - - $268.7 -
1973 - - $220.2 -
1972 - - $199.4 -
1971 - - $188.8 -
1970 - - $186.9 -
1969 - - $163.6 -
1968 - - $153.5 -
1967 - - $162.3 -
1966 - - $156.6 -
1965 - - $155.6 -
1964 - - $122.9 -
1963 - - $119.4 -
1962 - - $141.4 -
1961 - - $145.9 -
1960 - - $145.9 -

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

GeoRank.org/economy/angola/sri-lanka | CC BY

Angola's GDP per capita is $2,666, ranking 144/197, compared to $4,516 in Sri Lanka, ranking 124/197. Adjusted for purchasing power (GDP per capita PPP), Angola ranks 133rd at $10,119, while Sri Lanka ranks 111th at $15,633.

Economic indicators

Angola Sri Lanka
Gross domestic product
$101B
2024
$99B
2024
GDP rank
71/197
2024
72/197
2024
GDP growth
4.42%
2023-2024
5.01%
2023-2024
GDP per capita
$2,666
2024
$4,516
2024
GDP per capita rank
144/197
2024
124/197
2024
GDP per capita, PPP
$10,119
2024
$15,633
2024
GDP per capita PPP rank
133/197
2024
111/197
2024
Government debt
$60.5B
2024
$99.8B
2024
Debt-to-GDP ratio
59.9%
2024
100.8%
2024
Government debt per person
$1,597
2024
$4,554
2024
Government debt per person rank
127/185
2024
85/185
2024
Average annual personal income after taxes
$28,080
2026
$2,874
2026
Market capitalization of domestic companies n/a
$19.5B
2024
Income share by richest 10%
39.6%
2018
30.8%
2019
Income share by poorest 10%
1.3%
2018
3.1%
2019
Government expenditure, % of GDP
18.4%
2024
19.3%
2024
Consumer prices inflation
28.2%
2023-2024
-0.43%
2023-2024
Central bank interest rate
18%
2023
7.75%
2025
Unemployment rate
14.1%
2022
4.67%
2023
Population
40555924
22185425

Spending and national debt comparison by year

Angola
Spending

Debt
Sri Lanka
Spending

Debt
1x
Year % of GDP
Angola Sri Lanka
Government spending Government debt Government spending Government debt
2024 18.4% 59.9% 19.3% 100.8%
2023 18.8% 72.4% 19.5% 110.4%
2022 19.5% 56.1% 18.6% 115.9%
2021 17.3% 74.3% 20% 102.7%
2020 20% 119.1% 22.1% 96.9%
2019 18.2% 101.4% 19.5% 82.6%
2018 18.3% 82.5% 17.5% 83.6%
2017 21% 60.5% 17.9% 72.3%
2016 19.4% 66.7% 18.2% 75%
2015 23.9% 50.4% 19.3% 76.3%
2014 32.3% 35.3% 17.2% 69.6%
2013 32.9% 29.5% 16.6% 69.5%
2012 33.2% 23.8% 17.3% 67.5%
2011 33.3% 26.3% 19.1% 69.4%
2010 34.6% 32.6% 19.3% 68.7%
2009 38.7% 48.4% 21% 72.8%
2008 47.2% 28.1% 19.1% 68.8%
2007 34.1% 18.8% 19.9% 71.8%
2006 27.3% 16.7% 20.5% 74.3%
2005 23.7% 29.9% 20.1% 76.6%
2004 26% 41.6% 19.3% 86.5%
2003 30.1% 50.8% 19.3% 86.5%
2002 27.6% 65.1% 20.8% 96.3%
2001 30.3% 100.2% 22.4% 84.4%
2000 35.8% 118.2% 21.7% 79.2%
1999 39.4% 104.8% 20.5% 77.7%
1998 26.1% 96.3% 21.4% 74.2%
1997 26.8% 73.5% 21.4% 70.1%
1996 25.2% 92% 23.1% 76.2%
1995 - - 24.8% 77.8%
1994 - - 24.1% 77.9%
1993 - - 23.2% 79.2%
1992 - - 23% 77.9%
1991 - - 26.4% 80.5%
1990 - - 25.4% 78.9%

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/sri-lanka | CC BY

In 2024, Angola's government spending was $18.6B, accounting for 18.4% of its GDP, while Sri Lanka spent $19.1B, or 19.3% of GDP.

Debt-to-GDP ratio is 59.9% in Angola and 100.8% in Sri Lanka, ranking 78/185 and 23/185, respectively.

Government deficit by year

Deficit/surplus
Angola

Sri Lanka
1x
Year Deficit/surplus, % of GDP
Angola Sri Lanka
2024 -1.01% -5.64%
2023 -1.83% -8.32%
2022 0.58% -10.2%
2021 3.4% -11.7%
2020 -1.66% -13.4%
2019 0.69% -7.52%
2018 2.03% -4.96%
2017 -5.75% -5.1%
2016 -3.98% -5%
2015 -2.57% -6.64%
2014 -5.07% -5.99%
2013 -0.27% -5%
2012 3.68% -5.44%
2011 7.2% -6.01%
2010 2.98% -6.73%
2009 -6.8% -8.33%
2008 -3.8% -5.93%
2007 3.85% -5.81%
2006 8.42% -5.91%
2005 6.4% -5.93%
2004 1.03% -6.32%
2003 -4.1% -6.15%
2002 -2.24% -6.9%
2001 2.8% -8.48%
2000 2.02% -7.78%
1999 -8.1% -5.58%
1998 -5.1% -6.79%
1997 -0.23% -5.71%
1996 4.49% -6.89%
1995 - -7.11%
1994 - -7.41%
1993 - -5.77%
1992 - -4.95%
1991 - -7.97%
1990 - -6.39%

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

GeoRank.org/economy/angola/sri-lanka | 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 Sri Lanka's deficit of $5.58B, or 5.64% of GDP.

Over the past 29 years, Angola recorded a fiscal deficit in 15 of those years, while Sri Lanka ran a deficit in 29 years. On average, Angola posted an annual deficit equal to 0.1% of GDP, compared to deficit of 6.9% of GDP for Sri Lanka.

Inflation comparison by year

Inflation
Angola

Sri Lanka
1x
Year Consumer prices inflation
Angola Sri Lanka
2024 28.2% -0.43%
2023 13.6% 16.5%
2022 21.4% 49.7%
2021 25.8% 7.01%
2020 22.3% 6.15%
2019 17.1% 3.53%
2018 19.6% 2.14%
2017 29.8% 7.7%
2016 30.7% 3.96%
2015 9.2% 3.77%
2014 7.3% 3.18%
2013 8.8% 6.91%
2012 10.3% 7.54%
2011 13.5% 6.72%
2010 14.5% 6.22%
2009 13.7% 3.46%
2008 12.5% 22.6%
2007 12.2% 15.8%
2006 13.3% 10%
2005 23% 11.6%
2004 43.5% 7.58%
2003 98.2% 6.31%
2002 108.9% 9.55%
2001 152.6% 14.2%
2000 325% 6.18%
1999 248.2% 4.69%
1998 107.4% 9.36%
1997 221.5% 9.57%

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/sri-lanka | CC BY

Over the past 28 years, Angola has recorded an average annual inflation rate of 59%, compared with 9.34% in Sri Lanka. In 2024, inflation was 28.2% in Angola and -0.43% in Sri Lanka.

Top exports between countries

Angola
Export category Export value
Textiles & consumer goods $1K
Sri Lanka
Export category Export value
Raw materials & minerals $1.04M
Machinery & equipment $975K
Textiles & consumer goods $744K
Raw agricultural goods $611K
Processed food, beverages & tobacco $227K
Metals $32K
Chemicals & pharma $24K
Wood & paper products $1K

Balance of trade

Angola Sri Lanka
Current account balance
$6.31B
2024
$1.21B
2024
Current account balance ranking
30/190
2024
53/190
2024
Current account balance, % of GDP
+6.25%
2024
+1.22%
2024
Goods imports
$14.2B
2024
$18.8B
2024
Goods exports
$36.8B
2024
$12.8B
2024
Service imports
$8.49B
2024
$3.48B
2024
Service exports
$129M
2024
$6.91B
2024
Imports of goods and services, % of GDP
19.4%
2024
22.5%
2024
Exports of goods and services, % of GDP
31.5%
2024
19.9%
2024

Economic freedom indices

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

Angola Sri Lanka
Economic freedom 54.4 50.3
Economic freedom ranking 133/197 162/197
Property rights 36.9 47.3
Government integrity 28.3 37.3
Judicial effectiveness 26.3 47.2
Tax burden 86.9 77
Government spending 89.3 89
Fiscal health 91.9 0
Business freedom 42.8 60.1
Labor freedom 50.8 54.3
Monetary freedom 59 65.9
Trade freedom 70.4 65.6
Investment freedom 30 30
Financial freedom 40 30

Economic freedom comparison by year

Angola
Sri Lanka
1x
Year Economic freedom index
Angola Sri Lanka
2026 54.4 50.3
2025 55 49.4
2024 54.3 49.2
2023 53 52.2
2022 52.6 53.3
2021 54.2 55.7
2020 52.2 57.4
2019 50.6 56.4
2018 48.6 57.8
2017 48.5 57.4
2016 48.9 59.9
2015 47.9 58.6
2014 47.7 60
2013 47.3 60.7
2012 46.7 58.3
2011 46.2 57.1
2010 48.4 54.6
2009 47 56
2008 46.9 58.4
2007 44.7 59.4
2006 43.5 58.7
2005 - 61
2004 - 61.6
2003 - 62.5
2002 - 64
2001 - 66
2000 24.3 63.2
1999 23.7 64
1998 24.9 64.6
1997 24.2 65.5
1996 24.4 62.5
1995 27.4 60.6

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

GeoRank.org/economy/angola/sri-lanka | CC BY

The Economic Freedom Index for Angola is 54.4, ranking 133/197, compared to 50.3 for Sri Lanka, ranking 162/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Angola Sri Lanka
Services, % of GDP
41.1%
2024
57.5%
2024
Industry, % of GDP
34.6%
2024
25.5%
2024
Agriculture, forestry, and fishing, % of GDP
22.1%
2024
8.3%
2024
GNI, Atlas method
$108B
2024
$84.6B
2024
GNI per capita, PPP
$9,460
2024
$15,240
2024
Total reserves including gold
$14.2B
2024
$6.09B
2024
Total reserves ranking
69/177
2024
92/177
2024
Net foreign direct investment
$1.14B
2024
-$651M
2024
Net inflows of foreign direct investment
-$1.11B
2024
$761M
2024
Net outflows of foreign direct investment
$33.1M
2024
$110M
2024
Servicing debt to the IMF, % of GNI
11.5%
2024
4.98%
2024
Poverty at national poverty lines
36.6%
2020
14.3%
2019
Gross capital formation, % of GDP
10.4%
2024
27%
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/sri-lanka | 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 (2020–2024, 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.