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Economy of Angola vs Thailand compared: GDP & Debt

Updated on by Georank team

Angola has a GDP of $101B compared to $527B for Thailand, ranking 71/197 and 31/197 by economy size, respectively.

Angola has $60.5B in government debt (59.9% of GDP), compared to $333B (63.2% of GDP) in Thailand.

Angola vs Thailand GDP by year

Angola
Thailand
1x
Year GDP, current $
Angola Thailand
2024 $100,998,916,781 $526,517,658,842
2023 $107,167,747,140 $515,906,283,941
2022 $131,212,208,930 $495,644,697,588
2021 $79,559,543,805 $506,194,668,790
2020 $58,852,456,454 $500,461,898,480
2019 $80,734,428,593 $543,976,691,794
2018 $89,512,794,227 $506,754,208,404
2017 $84,376,935,689 $456,356,813,537
2016 $59,878,249,719 $413,366,349,748
2015 $102,543,067,841 $401,296,238,228
2014 $153,449,860,496 $407,339,040,198
2013 $148,845,200,697 $420,333,654,593
2012 $143,572,907,528 $397,558,325,279
2011 $125,551,634,704 $370,818,739,624
2010 $95,546,919,755 $341,104,766,329
2009 $81,705,175,408 $281,710,630,187
2008 $98,790,432,989 $291,382,982,431
2007 $73,037,821,927 $262,942,621,455
2006 $58,653,659,980 $221,758,296,022
2005 $41,396,636,383 $189,318,408,469
2004 $26,997,977,897 $172,895,685,155
2003 $20,342,128,112 $152,280,615,246
2002 $17,311,512,432 $134,300,904,400
2001 $8,936,079,118 $120,296,476,180
2000 $9,129,594,970 $126,392,224,254
1999 $6,152,923,310 $126,669,211,779
1998 $6,506,221,616 $113,675,596,788
1997 $7,648,380,196 $150,180,456,566
1996 $7,526,421,519 $183,035,237,429
1995 $5,538,749,260 $169,278,916,593
1994 $4,438,321,017 $146,683,778,959
1993 $5,768,720,422 $128,889,262,951
1992 $8,307,810,974 $111,452,746,518
1991 $10,603,784,541 $98,234,714,971
1990 $11,229,515,599 $85,343,190,719
1989 $10,201,780,977 $72,250,748,100
1988 $8,769,836,769 $61,667,253,471
1987 $8,084,412,414 $50,535,446,555
1986 $7,072,536,109 $43,096,773,981
1985 $7,554,065,410 $38,900,711,333
1984 $6,131,475,065 $41,797,647,776
1983 $5,784,341,596 $40,042,798,388
1982 $5,550,483,036 $36,589,772,404
1981 $5,550,483,036 $34,846,039,194
1980 $5,930,503,401 $32,353,514,989
1979 - $27,371,650,825
1978 - $24,006,566,637
1977 - $19,779,312,261
1976 - $16,985,208,648
1975 - $14,882,770,594
1974 - $13,702,998,512
1973 - $10,838,587,358
1972 - $8,177,873,151
1971 - $7,375,000,024
1970 - $7,086,538,438
1969 - $6,695,336,567
1968 - $6,081,009,428
1967 - $5,638,461,442
1966 - $5,279,230,817
1965 - $4,388,937,649
1964 - $3,889,129,942
1963 - $3,540,403,457
1962 - $3,308,912,797
1961 - $3,034,037,811
1960 - $2,760,750,861

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

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

GDP per capita in Angola vs Thailand by year

Angola
GDP per capita

GDP per capita, PPP
Thailand
GDP per capita

GDP per capita, PPP
1x
Year Current $
Angola Thailand
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,666 $10,119 $7,347 $24,712
2023 $2,916 $9,754 $7,195 $23,519
2022 $3,682 $9,588 $6,909 $22,243
2021 $2,304 $8,862 $7,057 $20,243
2020 $1,759 $7,827 $6,986 $19,164
2019 $2,494 $8,573 $7,606 $19,963
2018 $2,860 $8,278 $7,100 $18,876
2017 $2,791 $8,007 $6,413 $17,573
2016 $2,052 $7,767 $5,834 $16,671
2015 $3,642 $8,067 $5,689 $15,791
2014 $5,650 $9,018 $5,801 $15,365
2013 $5,689 $8,504 $6,018 $15,216
2012 $5,702 $8,246 $5,726 $14,617
2011 $5,184 $7,538 $5,374 $13,227
2010 $4,102 $7,412 $4,974 $12,932
2009 $3,645 $7,228 $4,135 $11,964
2008 $4,578 $7,316 $4,309 $12,062
2007 $3,515 $6,728 $3,919 $11,723
2006 $2,930 $6,018 $3,331 $10,912
2005 $2,146 $5,416 $2,868 $10,169
2004 $1,451 $4,771 $2,642 $9,545
2003 $1,134 $4,322 $2,348 $8,824
2002 $999 $4,241 $2,090 $8,148
2001 $534 $3,802 $1,890 $7,632
2000 $564 $3,690 $2,006 $7,289
1999 $393 $3,619 $2,033 $6,901
1998 $429 $3,609 $1,848 $6,590
1997 $522 $3,525 $2,473 $7,148
1996 $531 $3,342 $3,055 $7,322
1995 $404 $2,990 $2,864 $6,901
1994 $335 $2,633 $2,518 $6,341
1993 $450 $2,628 $2,245 $5,834
1992 $669 $3,486 $1,972 $5,347
1991 $882 $3,740 $1,766 $4,914
1990 $966 $3,705 $1,559 $4,451
1989 $908 - $1,342 -
1988 $807 - $1,164 -
1987 $770 - $970 -
1986 $698 - $842 -
1985 $772 - $774 -
1984 $650 - $847 -
1983 $637 - $827 -
1982 $634 - $770 -
1981 $658 - $748 -
1980 $729 - $709 -
1979 - - $612 -
1978 - - $548 -
1977 - - $462 -
1976 - - $405 -
1975 - - $364 -
1974 - - $343 -
1973 - - $278.3 -
1972 - - $215.6 -
1971 - - $199.7 -
1970 - - $197.1 -
1969 - - $191.4 -
1968 - - $178.8 -
1967 - - $170.7 -
1966 - - $164.5 -
1965 - - $140.9 -
1964 - - $128.6 -
1963 - - $120.7 -
1962 - - $116.2 -
1961 - - $109.7 -
1960 - - $102.8 -

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

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

Angola's GDP per capita is $2,666, ranking 144/197, compared to $7,347 in Thailand, ranking 100/197. Adjusted for purchasing power (GDP per capita PPP), Angola ranks 133rd at $10,119, while Thailand ranks 85th at $24,712.

Economic indicators

Angola Thailand
Gross domestic product
$101B
2024
$527B
2024
GDP rank
71/197
2024
31/197
2024
GDP growth
4.42%
2023-2024
2.54%
2023-2024
GDP per capita
$2,666
2024
$7,347
2024
GDP per capita rank
144/197
2024
100/197
2024
GDP per capita, PPP
$10,119
2024
$24,712
2024
GDP per capita PPP rank
133/197
2024
85/197
2024
Government debt
$60.5B
2024
$333B
2024
Debt-to-GDP ratio
59.9%
2024
63.2%
2024
Government debt per person
$1,597
2024
$4,643
2024
Government debt per person rank
127/185
2024
84/185
2024
Average annual personal income after taxes
$28,080
2026
$6,733
2026
Market capitalization of domestic companies n/a
$520B
2024
Number of millionaires n/a
100,001
2025
Number of billionaires n/a
25
2025
Income share by richest 10%
39.6%
2018
26.1%
2023
Income share by poorest 10%
1.3%
2018
3.4%
2023
Government expenditure, % of GDP
18.4%
2024
22.7%
2024
Consumer prices inflation
28.2%
2023-2024
1.37%
2023-2024
Central bank interest rate
18%
2023
1.5%
2025
Unemployment rate
14.1%
2022
0.78%
2024
Population
40555924
71571743

Spending and national debt comparison by year

Angola
Spending

Debt
Thailand
Spending

Debt
1x
Year % of GDP
Angola Thailand
Government spending Government debt Government spending Government debt
2024 18.4% 59.9% 22.7% 63.2%
2023 18.8% 72.4% 22.8% 62.3%
2022 19.5% 56.1% 24.7% 60.5%
2021 17.3% 74.3% 26.8% 58.3%
2020 20% 119.1% 24.9% 49.4%
2019 18.2% 101.4% 20.6% 41.1%
2018 18.3% 82.5% 21.2% 41.9%
2017 21% 60.5% 21.5% 41.8%
2016 19.4% 66.7% 21.4% 41.7%
2015 23.9% 50.4% 22.3% 42.6%
2014 32.3% 35.3% 22.2% 43.3%
2013 32.9% 29.5% 21.6% 42.2%
2012 33.2% 23.8% 22.3% 41.9%
2011 33.3% 26.3% 21.1% 39.1%
2010 34.6% 32.6% 22% 39.8%
2009 38.7% 48.4% 21.7% 42.4%
2008 47.2% 28.1% 19.2% 34.9%
2007 34.1% 18.8% 20% 36%
2006 27.3% 16.7% 18.7% 39.2%
2005 23.7% 29.9% 19.6% 45.5%
2004 26% 41.6% 19.3% 46.3%
2003 30.1% 50.8% 18.3% 47.5%
2002 27.6% 65.1% 25.7% 54.9%
2001 30.3% 100.2% 20.8% 57.5%
2000 35.8% 118.2% 19.3% 57.8%
1999 39.4% 104.8% 26.5% 56.6%
1998 26.1% 96.3% 23.9% 49.9%
1997 26.8% 73.5% 21.6% 40.5%
1996 25.2% 92% 18% 15.2%
1995 - - 17.2% 5.12%
1994 - - 16% 6.69%
1993 - - 18.8% 9.14%
1992 - - 17.8% 11.4%
1991 - - 17% 14.1%
1990 - - 16.6% 18%
1989 - - 16.5% 23.7%
1988 - - 15.1% 30.3%
1987 - - 17.5% 38.8%
1986 - - 19.5% 40.1%
1985 - - 20.5% 36.8%
1984 - - 19.3% 30.6%
1983 - - 19.5% 28.9%
1982 - - 20.2% 27.1%
1981 - - 19.1% 24.4%
1980 - - 18.7% 22.1%
1979 - - 16.9% 23.7%
1978 - - 16.6% 22.8%
1977 - - 16.1% 22.4%
1976 - - 15.6% 22%
1975 - - 14.2% 15.8%
1974 - - 13.2% 16.3%
1973 - - 15.9% 21.2%
1972 - - 18.5% 26.8%
1971 - - 18.8% 21.5%
1970 - - 17.6% 18.5%
1969 - - 15.9% 17.7%
1968 - - 16% 15.5%
1967 - - 15.5% 15%
1966 - - 14.7% 14.4%
1965 - - 14.7% 14.8%
1964 - - 13.3% 13.3%
1963 - - 12% 12.6%
1962 - - 11.9% 13.4%
1961 - - 9.58% 12.9%
1960 - - 12.1% 14.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

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

In 2024, Angola's government spending was $18.6B, accounting for 18.4% of its GDP, while Thailand spent $120B, or 22.7% of GDP.

Debt-to-GDP ratio is 59.9% in Angola and 63.2% in Thailand, ranking 78/185 and 74/185, respectively.

Government deficit by year

Deficit/surplus
Angola

Thailand
1x
Year Deficit/surplus, % of GDP
Angola Thailand
2024 -1.01% -1.29%
2023 -1.83% -1.98%
2022 0.58% -4.61%
2021 3.4% -6.74%
2020 -1.66% -4.47%
2019 0.69% 0.43%
2018 2.03% 0.2%
2017 -5.75% -0.42%
2016 -3.98% 0.41%
2015 -2.57% 0.19%
2014 -5.07% -0.7%
2013 -0.27% 0.6%
2012 3.68% -0.86%
2011 7.2% 0.09%
2010 2.98% -1.07%
2009 -6.8% -2.21%
2008 -3.8% 0.8%
2007 3.85% 0.22%
2006 8.42% 1.87%
2005 6.4% 2.17%
2004 1.03% 1.11%
2003 -4.1% 1.98%
2002 -2.24% -6.72%
2001 2.8% -1.77%
2000 2.02% -1.79%
1999 -8.1% -9.02%
1998 -5.1% -6.29%
1997 -0.23% -1.68%
1996 4.49% 2.75%
1995 - 3.05%
1994 - 2.78%
1993 - 6.67%
1992 - -0.18%
1991 - 1.6%
1990 - 1.41%
1989 - 0.16%
1988 - 0.58%
1987 - -2.38%
1986 - -4.32%
1985 - -5.11%
1984 - -3.85%
1983 - -4.02%
1982 - -6.18%
1981 - -4.07%
1980 - -4.41%
1979 - -3.62%
1978 - -3.31%
1977 - -2.91%
1976 - -3.35%
1975 - -1.73%
1974 - 1.29%
1973 - -2.7%
1972 - -4.81%
1971 - -5.47%
1970 - -3.73%
1969 - -2.53%
1968 - -2.79%
1967 - -2.1%
1966 - -1.13%
1965 - -1.05%
1964 - -1.01%
1963 - -0.81%
1962 - -0.27%
1961 - 0.05%
1960 - 0.48%
1959 - -1.15%
1958 - -0.91%
1957 - -1.31%
1956 - -1.38%
1955 - -1.65%
1954 - -3.46%
1953 - -3.56%
1952 - -2.4%
1951 - -3.54%
1950 - -0.7%
1949 - 0.7%
1948 - -0.1%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1948–1994, retrieved 2026-02-20).

GeoRank.org/economy/angola/thailand | 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 Thailand's deficit of $6.81B, or 1.29% of GDP.

Over the past 29 years, Angola recorded a fiscal deficit in 15 of those years, while Thailand ran a deficit in 16 years. On average, Angola posted an annual deficit equal to 0.1% of GDP, compared to deficit of 1.34% of GDP for Thailand.

Inflation comparison by year

Inflation
Angola

Thailand
1x
Year Consumer prices inflation
Angola Thailand
2024 28.2% 1.37%
2023 13.6% 8.48%
2022 21.4% -1.61%
2021 25.8% 1.23%
2020 22.3% -0.85%
2019 17.1% 0.71%
2018 19.6% 1.06%
2017 29.8% 0.67%
2016 30.7% 0.19%
2015 9.2% -0.9%
2014 7.3% 1.9%
2013 8.8% 2.18%
2012 10.3% 3.01%
2011 13.5% 3.81%
2010 14.5% 3.25%
2009 13.7% -0.85%
2008 12.5% 5.47%
2007 12.2% 2.24%
2006 13.3% 4.64%
2005 23% 4.54%
2004 43.5% 2.76%
2003 98.2% 1.8%
2002 108.9% 0.7%
2001 152.6% 1.63%
2000 325% 1.59%
1999 248.2% 0.28%
1998 107.4% 7.99%
1997 221.5% 5.63%

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/thailand | CC BY

Over the past 28 years, Angola has recorded an average annual inflation rate of 59%, compared with 2.25% in Thailand. In 2024, inflation was 28.2% in Angola and 1.37% in Thailand.

Top exports between countries

Angola
Export category Export value
Raw materials & minerals $441M
Metals $373K
Chemicals & pharma $138K
Machinery & equipment $115K
Animal & marine products $63K
Textiles & consumer goods $24K
Wood & paper products $13K
Processed food, beverages & tobacco $7K
Raw agricultural goods $5K
Thailand
Export category Export value
Raw agricultural goods $105M
Metals $14.8M
Machinery & equipment $6.68M
Processed food, beverages & tobacco $6.21M
Chemicals & pharma $4.74M
Textiles & consumer goods $1.94M
Raw materials & minerals $747K
Wood & paper products $299K
Miscellaneous $49K
Precious metals & jewellery $17K

Balance of trade

Angola Thailand
Current account balance
$6.31B
2024
$11.6B
2024
Current account balance ranking
30/190
2024
23/190
2024
Current account balance, % of GDP
+6.25%
2024
+2.21%
2024
Goods imports
$14.2B
2024
$276B
2024
Goods exports
$36.8B
2024
$297B
2024
Service imports
$8.49B
2024
$74B
2024
Service exports
$129M
2024
$71.9B
2024
Imports of goods and services, % of GDP
19.4%
2024
66.7%
2024
Exports of goods and services, % of GDP
31.5%
2024
70%
2024

Economic freedom indices

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

Angola Thailand
Economic freedom 54.4 62.2
Economic freedom ranking 133/197 88/197
Property rights 36.9 41.8
Government integrity 28.3 38.9
Judicial effectiveness 26.3 35
Tax burden 86.9 80.8
Government spending 89.3 83.6
Fiscal health 91.9 81
Business freedom 42.8 69.9
Labor freedom 50.8 56.4
Monetary freedom 59 73.3
Trade freedom 70.4 70.2
Investment freedom 30 55
Financial freedom 40 60

Economic freedom comparison by year

Angola
Thailand
1x
Year Economic freedom index
Angola Thailand
2026 54.4 62.2
2025 55 60.6
2024 54.3 59
2023 53 60.6
2022 52.6 63.2
2021 54.2 69.7
2020 52.2 69.4
2019 50.6 68.3
2018 48.6 67.1
2017 48.5 66.2
2016 48.9 63.9
2015 47.9 62.4
2014 47.7 63.3
2013 47.3 64.1
2012 46.7 64.9
2011 46.2 64.7
2010 48.4 64.1
2009 47 63
2008 46.9 62.3
2007 44.7 63.5
2006 43.5 63.3
2005 - 62.5
2004 - 63.7
2003 - 65.8
2002 - 69.1
2001 - 68.9
2000 24.3 66.6
1999 23.7 66.9
1998 24.9 67.3
1997 24.2 66.1
1996 24.4 71
1995 27.4 71.3

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

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

The Economic Freedom Index for Angola is 54.4, ranking 133/197, compared to 62.2 for Thailand, ranking 88/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Angola Thailand
Services, % of GDP
41.1%
2024
59.2%
2024
Industry, % of GDP
34.6%
2024
32.1%
2024
Agriculture, forestry, and fishing, % of GDP
22.1%
2024
8.71%
2024
GNI, Atlas method
$108B
2024
$509B
2024
GNI per capita, PPP
$9,460
2024
$23,960
2024
Total reserves including gold
$14.2B
2024
$237B
2024
Total reserves ranking
69/177
2024
15/177
2024
Net foreign direct investment
$1.14B
2024
-$6.95B
2024
Net inflows of foreign direct investment
-$1.11B
2024
$14.3B
2024
Net outflows of foreign direct investment
$33.1M
2024
$7.36B
2024
Servicing debt to the IMF, % of GNI
11.5%
2024
3.52%
2024
Poverty at national poverty lines
36.6%
2020
5.4%
2022
Gross capital formation, % of GDP
10.4%
2024
21.6%
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/thailand | 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 (1995–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1948–1999, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2021–2024, retrieved 2026-02-08)
  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.