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Economy of Angola vs Tanzania compared: GDP & Debt

Updated on by Georank team

Angola has a GDP of $101B compared to $78.8B for Tanzania, ranking 71/197 and 82/197 by economy size, respectively.

Angola has $60.5B in government debt (59.9% of GDP), compared to $39.3B (49.9% of GDP) in Tanzania.

Angola vs Tanzania GDP by year

Angola
Tanzania
1x
Year GDP, current $
Angola Tanzania
2024 $100,998,916,781 $78,844,405,385
2023 $107,167,747,140 $79,030,935,627
2022 $131,212,208,930 $75,749,121,843
2021 $79,559,543,805 $70,655,628,148
2020 $58,852,456,454 $66,068,737,786
2019 $80,734,428,593 $61,026,731,926
2018 $89,512,794,227 $57,003,712,892
2017 $84,376,935,689 $53,274,884,533
2016 $59,878,249,719 $49,774,409,374
2015 $102,543,067,841 $47,413,919,817
2014 $153,449,860,496 $49,986,726,461
2013 $148,845,200,697 $45,648,857,242
2012 $143,572,907,528 $39,650,394,363
2011 $125,551,634,704 $34,657,140,096
2010 $95,546,919,755 $32,012,892,919
2009 $81,705,175,408 $29,400,573,554
2008 $98,790,432,989 $27,947,821,398
2007 $73,037,821,927 $21,860,434,823
2006 $58,653,659,980 $18,619,859,795
2005 $41,396,636,383 $18,395,383,647
2004 $26,997,977,897 $16,673,062,473
2003 $20,342,128,112 $15,211,487,709
2002 $17,311,512,432 $14,129,651,896
2001 $8,936,079,118 $13,563,990,022
2000 $9,129,594,970 $13,371,767,082
1999 $6,152,923,310 $12,704,334,196
1998 $6,506,221,616 $12,172,790,056
1997 $7,648,380,196 $11,158,197,942
1996 $7,526,421,519 $9,433,528,150
1995 $5,538,749,260 $7,631,431,840
1994 $4,438,321,017 $6,550,480,484
1993 $5,768,720,422 $6,182,872,708
1992 $8,307,810,974 $6,681,997,469
1991 $10,603,784,541 $7,197,768,159
1990 $11,229,515,599 $6,184,384,225
1989 $10,201,780,977 $6,418,799,007
1988 $8,769,836,769 $7,406,614,407
1987 $8,084,412,414 $7,824,193,222
1986 $7,072,536,109 $10,840,864,521
1985 $7,554,065,410 $15,328,295,175
1984 $6,131,475,065 $12,906,635,133
1983 $5,784,341,596 $14,049,883,809
1982 $5,550,483,036 $13,927,383,240
1981 $5,550,483,036 $13,161,540,378
1980 $5,930,503,401 $11,409,228,087
1979 - $9,804,637,491
1978 - $9,261,675,710
1977 - $7,732,598,995
1976 - $6,472,511,988
1975 - $5,729,917,840
1974 - $4,977,337,978
1973 - $4,144,104,535
1972 - $3,472,787,266
1971 - $3,050,673,517
1970 - $2,851,419,386
1969 - $5,142,066,811
1968 - $4,895,251,824
1967 - $4,565,132,048
1966 - $4,377,998,825
1965 - $3,817,226,546
1964 - $3,748,840,925
1963 - $3,456,579,293
1962 - $3,101,589,993
1961 - $2,826,179,031
1960 - $2,651,729,807

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

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

GDP per capita in Angola vs Tanzania by year

Angola
GDP per capita

GDP per capita, PPP
Tanzania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Angola Tanzania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,666 $10,119 $1,150 $4,221
2023 $2,916 $9,754 $1,186 $4,019
2022 $3,682 $9,588 $1,171 $3,800
2021 $2,304 $8,862 $1,125 $3,493
2020 $1,759 $7,827 $1,084 $3,291
2019 $2,494 $8,573 $1,031 $2,982
2018 $2,860 $8,278 $992 $2,728
2017 $2,791 $8,007 $957 $2,472
2016 $2,052 $7,767 $925 $2,435
2015 $3,642 $8,067 $911 $2,317
2014 $5,650 $9,018 $993 $2,221
2013 $5,689 $8,504 $935 $2,176
2012 $5,702 $8,246 $837 $2,083
2011 $5,184 $7,538 $753 $2,211
2010 $4,102 $7,412 $715 $2,069
2009 $3,645 $7,228 $674 $1,972
2008 $4,578 $7,316 $657 $1,908
2007 $3,515 $6,728 $528 $1,820
2006 $2,930 $6,018 $462 $1,707
2005 $2,146 $5,416 $469 $1,598
2004 $1,451 $4,771 $438 $1,482
2003 $1,134 $4,322 $410 $1,379
2002 $999 $4,241 $391 $1,302
2001 $534 $3,802 $385 $1,229
2000 $564 $3,690 $390 $1,164
1999 $393 $3,619 $382 $1,120
1998 $429 $3,609 $375 $1,082
1997 $522 $3,525 $353 $1,059
1996 $531 $3,342 $305 $1,026
1995 $404 $2,990 $251.2 $981
1994 $335 $2,633 $222.5 $958
1993 $450 $2,628 $218.2 $959
1992 $669 $3,486 $243.4 $955
1991 $882 $3,740 $268.8 $952
1990 $966 $3,705 $236.9 $925
1989 $908 - $252.3 -
1988 $807 - $299 -
1987 $770 - $326 -
1986 $698 - $466 -
1985 $772 - $681 -
1984 $650 - $593 -
1983 $637 - $667 -
1982 $634 - $683 -
1981 $658 - $665 -
1980 $729 - $595 -
1979 - - $527 -
1978 - - $515 -
1977 - - $446 -
1976 - - $387 -
1975 - - $355 -
1974 - - $320 -
1973 - - $276.1 -
1972 - - $239.8 -
1971 - - $218.4 -
1970 - - $211.3 -
1969 - - $394 -
1968 - - $388 -
1967 - - $374 -
1966 - - $370 -
1965 - - $333 -
1964 - - $337 -
1963 - - $320 -
1962 - - $295.7 -
1961 - - $277.4 -
1960 - - $267.8 -

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

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

Angola's GDP per capita is $2,666, ranking 144/197, compared to $1,150 in Tanzania, ranking 170/197. Adjusted for purchasing power (GDP per capita PPP), Angola ranks 133rd at $10,119, while Tanzania ranks 165th at $4,221.

Economic indicators

Angola Tanzania
Gross domestic product
$101B
2024
$78.8B
2024
GDP rank
71/197
2024
82/197
2024
GDP growth
4.42%
2023-2024
5.53%
2023-2024
GDP per capita
$2,666
2024
$1,150
2024
GDP per capita rank
144/197
2024
170/197
2024
GDP per capita, PPP
$10,119
2024
$4,221
2024
GDP per capita PPP rank
133/197
2024
165/197
2024
Government debt
$60.5B
2024
$39.3B
2024
Debt-to-GDP ratio
59.9%
2024
49.9%
2024
Government debt per person
$1,597
2024
$573
2024
Government debt per person rank
127/185
2024
160/185
2024
Average annual personal income after taxes
$28,080
2026
$2,309
2026
Market capitalization of domestic companies n/a
$7.32B
2024
Number of billionaires n/a
1
2025
Income share by richest 10%
39.6%
2018
33.1%
2018
Income share by poorest 10%
1.3%
2018
2.9%
2018
Government expenditure, % of GDP
18.4%
2024
19.1%
2024
Consumer prices inflation
28.2%
2023-2024
3.06%
2023-2024
Central bank interest rate
18%
2023
6%
2024
Unemployment rate
14.1%
2022
2.43%
2024
Population
40555924
73145892

Spending and national debt comparison by year

Angola
Spending

Debt
Tanzania
Spending

Debt
1x
Year % of GDP
Angola Tanzania
Government spending Government debt Government spending Government debt
2024 18.4% 59.9% 19.1% 49.9%
2023 18.8% 72.4% 19% 47.8%
2022 19.5% 56.1% 19.1% 44.9%
2021 17.3% 74.3% 18.4% 43.4%
2020 20% 119.1% 17.4% 41.3%
2019 18.2% 101.4% 17.3% 40.4%
2018 18.3% 82.5% 17.3% 42%
2017 21% 60.5% 16.4% 40.1%
2016 19.4% 66.7% 16.9% 39.8%
2015 23.9% 50.4% 17.2% 39.5%
2014 32.3% 35.3% 17.3% 36.4%
2013 32.9% 29.5% 18.8% 32.7%
2012 33.2% 23.8% 19.6% 30%
2011 33.3% 26.3% 19% 28.4%
2010 34.6% 32.6% 19.8% 27.6%
2009 38.7% 48.4% 19.6% 23.9%
2008 47.2% 28.1% 18.1% 21.6%
2007 34.1% 18.8% 17.8% 23.8%
2006 27.3% 16.7% 17.6% 17.4%
2005 23.7% 29.9% 18.3% 25.4%
2004 26% 41.6% 17% 44.5%
2003 30.1% 50.8% 15.4% 44.4%
2002 27.6% 65.1% 13.6% 47.4%
2001 30.3% 100.2% 12.4% 50.8%
2000 35.8% 118.2% 12.3% 55.4%
1999 39.4% 104.8% 12.8% 62.9%
1998 26.1% 96.3% 11.4% 62.2%
1997 26.8% 73.5% 12.8% 73.4%
1996 25.2% 92% 13.4% 89.6%
1995 - - 15.6% 111.1%
1994 - - 16.8% 126%
1993 - - 16.4% 129.2%
1992 - - 17.6% 117.6%
1991 - - 14.2% 106.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1991–2000, retrieved 2026-02-20).

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

In 2024, Angola's government spending was $18.6B, accounting for 18.4% of its GDP, while Tanzania spent $15.1B, or 19.1% of GDP.

Debt-to-GDP ratio is 59.9% in Angola and 49.9% in Tanzania, ranking 78/185 and 109/185, respectively.

Government deficit by year

Deficit/surplus
Angola

Tanzania
1x
Year Deficit/surplus, % of GDP
Angola Tanzania
2024 -1.01% -3.03%
2023 -1.83% -3.67%
2022 0.58% -3.92%
2021 3.4% -3.55%
2020 -1.66% -2.56%
2019 0.69% -2.06%
2018 2.03% -2.01%
2017 -5.75% -1.14%
2016 -3.98% -2.08%
2015 -2.57% -3.17%
2014 -5.07% -2.91%
2013 -0.27% -3.76%
2012 3.68% -4%
2011 7.2% -3.51%
2010 2.98% -4.74%
2009 -6.8% -4.46%
2008 -3.8% -1.92%
2007 3.85% -1.44%
2006 8.42% -3.38%
2005 6.4% -3.28%
2004 1.03% -2.43%
2003 -4.1% -1.77%
2002 -2.24% -0.73%
2001 2.8% -0.41%
2000 2.02% -0.73%
1999 -8.1% -1.14%
1998 -5.1% 0.13%
1997 -0.23% -0.03%
1996 4.49% 1.57%
1995 - -2.12%
1994 - -3.74%
1993 - -2.02%
1992 - -4.96%
1991 - 0.6%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20).

GeoRank.org/economy/angola/tanzania | 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 Tanzania's deficit of $2.39B, or 3.03% of GDP.

Over the past 29 years, Angola recorded a fiscal deficit in 15 of those years, while Tanzania ran a deficit in 27 years. On average, Angola posted an annual deficit equal to 0.1% of GDP, compared to deficit of 2.28% of GDP for Tanzania.

Inflation comparison by year

Inflation
Angola

Tanzania
1x
Year Consumer prices inflation
Angola Tanzania
2024 28.2% 3.06%
2023 13.6% 3.8%
2022 21.4% 4.35%
2021 25.8% 3.69%
2020 22.3% 3.29%
2019 17.1% 3.46%
2018 19.6% 3.49%
2017 29.8% 5.32%
2016 30.7% 5.17%
2015 9.2% 5.59%
2014 7.3% 6.13%
2013 8.8% 7.87%
2012 10.3% 16%
2011 13.5% 12.7%
2010 14.5% 6.2%
2009 13.7% 12.1%
2008 12.5% 10.3%
2007 12.2% 7.03%
2006 13.3% 7.25%
2005 23% 5.03%
2004 43.5% 4.74%
2003 98.2% 5.3%
2002 108.9% 5.32%
2001 152.6% 5.15%
2000 325% 5.92%
1999 248.2% 7.89%
1998 107.4% 12.8%
1997 221.5% 16.1%

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/tanzania | CC BY

Over the past 28 years, Angola has recorded an average annual inflation rate of 59%, compared with 6.97% in Tanzania. In 2024, inflation was 28.2% in Angola and 3.06% in Tanzania.

Top exports between countries

Angola
Export category Export value
Metals $328K
Machinery & equipment $65K
Textiles & consumer goods $22K
Chemicals & pharma $16K
Raw agricultural goods $2K
Processed food, beverages & tobacco $1K
Tanzania
Export category Export value
Raw materials & minerals $2.34M
Textiles & consumer goods $1.36M
Processed food, beverages & tobacco $759K
Raw agricultural goods $658K
Chemicals & pharma $439K
Machinery & equipment $307K
Metals $300K
Animal & marine products $6K
Wood & paper products $2K
Precious metals & jewellery $1K

Balance of trade

Angola Tanzania
Current account balance
$6.31B
2024
-$2.38B
2024
Current account balance ranking
30/190
2024
147/190
2024
Current account balance, % of GDP
+6.25%
2024
-3.02%
2024
Goods imports
$14.2B
2024
$14.2B
2024
Goods exports
$36.8B
2024
$9.12B
2024
Service imports
$8.49B
2024
$2.8B
2024
Service exports
$129M
2024
$6.85B
2024
Imports of goods and services, % of GDP
19.4%
2024
21.7%
2024
Exports of goods and services, % of GDP
31.5%
2024
19.8%
2024

Economic freedom indices

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

Angola Tanzania
Economic freedom 54.4 59
Economic freedom ranking 133/197 106/197
Property rights 36.9 45.2
Government integrity 28.3 40.9
Judicial effectiveness 26.3 29.6
Tax burden 86.9 80.4
Government spending 89.3 89.1
Fiscal health 91.9 75
Business freedom 42.8 48.1
Labor freedom 50.8 62.3
Monetary freedom 59 73.4
Trade freedom 70.4 58.8
Investment freedom 30 55
Financial freedom 40 50

Economic freedom comparison by year

Angola
Tanzania
1x
Year Economic freedom index
Angola Tanzania
2026 54.4 59
2025 55 59.3
2024 54.3 59.1
2023 53 60
2022 52.6 59.5
2021 54.2 61.3
2020 52.2 61.7
2019 50.6 60.2
2018 48.6 59.9
2017 48.5 58.6
2016 48.9 58.5
2015 47.9 57.5
2014 47.7 57.8
2013 47.3 57.9
2012 46.7 57
2011 46.2 57
2010 48.4 58.3
2009 47 58.3
2008 46.9 56.5
2007 44.7 56.8
2006 43.5 58.5
2005 - 56.3
2004 - 60.1
2003 - 56.9
2002 - 58.3
2001 - 54.9
2000 24.3 56
1999 23.7 60
1998 24.9 59.6
1997 24.2 59.3
1996 24.4 57.5
1995 27.4 57.3

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

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

The Economic Freedom Index for Angola is 54.4, ranking 133/197, compared to 59 for Tanzania, ranking 106/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Angola Tanzania
Services, % of GDP
41.1%
2024
29.6%
2024
Industry, % of GDP
34.6%
2024
28.6%
2024
Agriculture, forestry, and fishing, % of GDP
22.1%
2024
23.3%
2024
GNI, Atlas method
$108B
2024
$80.2B
2024
GNI per capita, PPP
$9,460
2024
$4,130
2024
Total reserves including gold
$14.2B
2024
$5.05B
2018
Total reserves ranking
69/177
2024
101/177
2018
Net foreign direct investment
$1.14B
2024
-$1.72B
2024
Net inflows of foreign direct investment
-$1.11B
2024
$1.72B
2024
Net outflows of foreign direct investment
$33.1M
2024
$0
2024
Servicing debt to the IMF, % of GNI
11.5%
2024
2.57%
2024
Poverty at national poverty lines
36.6%
2020
26.4%
2018
Gross capital formation, % of GDP
10.4%
2024
39.8%
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/tanzania | 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 (1991–2024, 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 (1991–2000, 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.