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Economy of Angola vs Trinidad and Tobago compared: GDP & Debt

Updated on by Georank team

Angola has a GDP of $101B compared to $25.6B for Trinidad and Tobago, ranking 71/197 and 115/197 by economy size, respectively.

Angola has $60.5B in government debt (59.9% of GDP), compared to $16.5B (64.2% of GDP) in Trinidad and Tobago.

Angola vs Trinidad and Tobago GDP by year

Angola
Trinidad and Tobago
1x
Year GDP, current $
Angola Trinidad
2024 $100,998,916,781 $25,633,544,529
2023 $107,167,747,140 $25,036,993,423
2022 $131,212,208,930 $28,341,164,301
2021 $79,559,543,805 $24,222,963,263
2020 $58,852,456,454 $20,888,515,184
2019 $80,734,428,593 $23,477,745,792
2018 $89,512,794,227 $23,883,058,083
2017 $84,376,935,689 $23,830,750,901
2016 $59,878,249,719 $23,624,322,193
2015 $102,543,067,841 $26,841,141,793
2014 $153,449,860,496 $29,474,180,005
2013 $148,845,200,697 $28,560,537,057
2012 $143,572,907,528 $27,147,349,937
2011 $125,551,634,704 $25,433,007,437
2010 $95,546,919,755 $22,157,920,592
2009 $81,705,175,408 $19,172,165,226
2008 $98,790,432,989 $27,871,587,350
2007 $73,037,821,927 $21,641,620,050
2006 $58,653,659,980 $18,369,361,094
2005 $41,396,636,383 $15,982,389,018
2004 $26,997,977,897 $13,280,291,990
2003 $20,342,128,112 $11,305,459,802
2002 $17,311,512,432 $9,008,298,229
2001 $8,936,079,118 $8,824,849,191
2000 $9,129,594,970 $8,154,342,116
1999 $6,152,923,310 $6,808,982,521
1998 $6,506,221,616 $6,043,686,654
1997 $7,648,380,196 $5,737,771,523
1996 $7,526,421,519 $5,759,570,336
1995 $5,538,749,260 $5,329,217,747
1994 $4,438,321,017 $4,947,181,646
1993 $5,768,720,422 $4,669,491,134
1992 $8,307,810,974 $5,439,552,941
1991 $10,603,784,541 $5,307,905,882
1990 $11,229,515,599 $5,068,000,000
1989 $10,201,780,977 $4,323,058,824
1988 $8,769,836,769 $4,496,910,569
1987 $8,084,412,414 $4,797,777,778
1986 $7,072,536,109 $4,794,444,444
1985 $7,554,065,410 $7,375,918,367
1984 $6,131,475,065 $7,757,083,333
1983 $5,784,341,596 $7,763,750,000
1982 $5,550,483,036 $8,140,416,667
1981 $5,550,483,036 $6,992,083,333
1980 $5,930,503,401 $6,235,833,333
1979 - $4,602,416,625
1978 - $3,562,333,458
1977 - $3,138,666,667
1976 - $2,500,424,955
1975 - $2,442,669,825
1974 - $2,042,001,071
1973 - $1,308,785,431
1972 - $1,083,391,758
1971 - $896,765,215
1970 - $821,850,000
1969 - $779,200,000
1968 - $758,899,950
1967 - $761,981,912
1966 - $723,739,857
1965 - $736,573,159
1964 - $711,897,520
1963 - $678,239,329
1962 - $619,322,810
1961 - $584,964,621
1960 - $535,673,252

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

GeoRank.org/economy/angola/trinidad-and-tobago | CC BY

GDP per capita in Angola vs Trinidad and Tobago by year

Angola
GDP per capita

GDP per capita, PPP
Trinidad and Tobago
GDP per capita

GDP per capita, PPP
1x
Year Current $
Angola Trinidad
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,666 $10,119 $18,733 $36,329
2023 $2,916 $9,754 $18,308 $34,623
2022 $3,682 $9,588 $20,751 $32,979
2021 $2,304 $8,862 $17,713 $30,482
2020 $1,759 $7,827 $15,284 $26,731
2019 $2,494 $8,573 $17,213 $29,316
2018 $2,860 $8,278 $17,571 $28,673
2017 $2,791 $8,007 $17,566 $28,484
2016 $2,052 $7,767 $17,449 $28,232
2015 $3,642 $8,067 $19,887 $29,825
2014 $5,650 $9,018 $21,908 $32,027
2013 $5,689 $8,504 $21,305 $31,746
2012 $5,702 $8,246 $20,332 $31,883
2011 $5,184 $7,538 $19,151 $31,078
2010 $4,102 $7,412 $16,815 $30,778
2009 $3,645 $7,228 $14,634 $29,602
2008 $4,578 $7,316 $21,299 $30,807
2007 $3,515 $6,728 $16,607 $29,355
2006 $2,930 $6,018 $14,153 $27,393
2005 $2,146 $5,416 $12,346 $23,536
2004 $1,451 $4,771 $9,871 $20,674
2003 $1,134 $4,322 $8,445 $18,743
2002 $999 $4,241 $6,763 $16,141
2001 $534 $3,802 $6,657 $14,797
2000 $564 $3,690 $6,179 $13,953
1999 $393 $3,619 $5,179 $12,812
1998 $429 $3,609 $4,613 $11,735
1997 $522 $3,525 $4,394 $10,769
1996 $531 $3,342 $4,427 $9,883
1995 $404 $2,990 $4,115 $9,099
1994 $335 $2,633 $3,840 $8,631
1993 $450 $2,628 $3,647 $8,209
1992 $669 $3,486 $4,277 $8,129
1991 $882 $3,740 $4,205 $7,274
1990 $966 $3,705 $4,047 $6,878
1989 $908 - $3,482 -
1988 $807 - $3,656 -
1987 $770 - $3,941 -
1986 $698 - $3,985 -
1985 $772 - $6,212 -
1984 $650 - $6,613 -
1983 $637 - $6,690 -
1982 $634 - $7,091 -
1981 $658 - $6,160 -
1980 $729 - $5,559 -
1979 - - $4,155 -
1978 - - $3,258 -
1977 - - $2,907 -
1976 - - $2,345 -
1975 - - $2,319 -
1974 - - $1,962 -
1973 - - $1,273 -
1972 - - $1,067 -
1971 - - $894 -
1970 - - $829 -
1969 - - $795 -
1968 - - $783 -
1967 - - $797 -
1966 - - $768 -
1965 - - $793 -
1964 - - $780 -
1963 - - $756 -
1962 - - $704 -
1961 - - $678 -
1960 - - $634 -

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

GeoRank.org/economy/angola/trinidad-and-tobago | CC BY

Angola's GDP per capita is $2,666, ranking 144/197, compared to $18,733 in Trinidad and Tobago, ranking 61/197. Adjusted for purchasing power (GDP per capita PPP), Angola ranks 133rd at $10,119, while Trinidad and Tobago ranks 62nd at $36,329.

Economic indicators

Angola Trinidad
Gross domestic product
$101B
2024
$25.6B
2024
GDP rank
71/197
2024
115/197
2024
GDP growth
4.42%
2023-2024
2.51%
2023-2024
GDP per capita
$2,666
2024
$18,733
2024
GDP per capita rank
144/197
2024
61/197
2024
GDP per capita, PPP
$10,119
2024
$36,329
2024
GDP per capita PPP rank
133/197
2024
62/197
2024
Government debt
$60.5B
2024
$16.5B
2024
Debt-to-GDP ratio
59.9%
2024
64.2%
2024
Government debt per person
$1,597
2024
$12,028
2024
Government debt per person rank
127/185
2024
45/185
2024
Average annual personal income after taxes
$28,080
2026
$11,007
2026
Market capitalization of domestic companies n/a
$3.89B
2001
Income share by richest 10%
39.6%
2018
29.9%
1992
Income share by poorest 10%
1.3%
2018
2.1%
1992
Government expenditure, % of GDP
18.4%
2024
32.3%
2024
Consumer prices inflation
28.2%
2023-2024
0.53%
2023-2024
Central bank interest rate
18%
2023
3.5%
2020
Unemployment rate
14.1%
2022
4.01%
2024
Population
40555924
1374840

Spending and national debt comparison by year

Angola
Spending

Debt
Trinidad and Tobago
Spending

Debt
1x
Year % of GDP
Angola Trinidad
Government spending Government debt Government spending Government debt
2024 18.4% 59.9% 32.3% 64.2%
2023 18.8% 72.4% 33.5% 62.2%
2022 19.5% 56.1% 27.2% 51.3%
2021 17.3% 74.3% 30.3% 58.4%
2020 20% 119.1% 36.2% 62.5%
2019 18.2% 101.4% 31.2% 46.2%
2018 18.3% 82.5% 30.2% 41.5%
2017 21% 60.5% 30.7% 39.8%
2016 19.4% 66.7% 31.9% 35.4%
2015 23.9% 50.4% 35% 27.1%
2014 32.3% 35.3% 32.8% 23.5%
2013 32.9% 29.5% 31.3% 21.6%
2012 33.2% 23.8% 29.5% 21.8%
2011 33.3% 26.3% 29.4% 26.4%
2010 34.6% 32.6% 30.4% 16.8%
2009 38.7% 48.4% 37% 20.7%
2008 47.2% 28.1% 26.7% 13.5%
2007 34.1% 18.8% 25.7% 16.2%
2006 27.3% 16.7% 31.6% 16.9%
2005 23.7% 29.9% 26.7% 19.8%
2004 26% 41.6% 22.5% 24.2%
2003 30.1% 50.8% 22.2% 30.2%
2002 27.6% 65.1% 24.4% 37%
2001 30.3% 100.2% 24.8% 36.6%
2000 35.8% 118.2% 23.1% 38.9%
1999 39.4% 104.8% 24.1% 42.2%
1998 26.1% 96.3% 26.9% 42.8%
1997 26.8% 73.5% 27.2% 46.1%
1996 25.2% 92% 27.6% 47%
1995 - - 26.2% 50.1%
1994 - - 25.4% 52.6%
1993 - - 26.9% 58.8%
1992 - - 28.6% 49.2%
1991 - - 29.6% 49.5%
1990 - - 26.9% 47.7%
1989 - - 30.9% 51.9%
1988 - - 45.3% 65.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1988–1999, retrieved 2026-02-20).

GeoRank.org/economy/angola/trinidad-and-tobago | CC BY

In 2024, Angola's government spending was $18.6B, accounting for 18.4% of its GDP, while Trinidad and Tobago spent $8.28B, or 32.3% of GDP.

Debt-to-GDP ratio is 59.9% in Angola and 64.2% in Trinidad and Tobago, ranking 78/185 and 70/185, respectively.

Government deficit by year

Deficit/surplus
Angola

Trinidad and Tobago
1x
Year Deficit/surplus, % of GDP
Angola Trinidad
2024 -1.01% -5.24%
2023 -1.83% -1.24%
2022 0.58% 0.92%
2021 3.4% -8.1%
2020 -1.66% -12.2%
2019 0.69% -3.74%
2018 2.03% -5.89%
2017 -5.75% -10.4%
2016 -3.98% -10.1%
2015 -2.57% -7.56%
2014 -5.07% -4.31%
2013 -0.27% -2.67%
2012 3.68% -1.26%
2011 7.2% -0.67%
2010 2.98% 0.13%
2009 -6.8% -5.42%
2008 -3.8% 5.39%
2007 3.85% 3.12%
2006 8.42% 1.56%
2005 6.4% 2.36%
2004 1.03% 1.84%
2003 -4.1% 1.8%
2002 -2.24% -0.2%
2001 2.8% 0.61%
2000 2.02% 0.17%
1999 -8.1% -0.88%
1998 -5.1% -1.8%
1997 -0.23% 0.11%
1996 4.49% -0.45%
1995 - 0.17%
1994 - -0.02%
1993 - 0.23%
1992 - -2.74%
1991 - -0.21%
1990 - -1.27%
1989 - -4.46%
1988 - -9.34%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1988–1989, retrieved 2026-02-20).

GeoRank.org/economy/angola/trinidad-and-tobago | 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 Trinidad and Tobago's deficit of $1.34B, or 5.24% of GDP.

Over the past 29 years, Angola recorded a fiscal deficit in 15 of those years, while Trinidad and Tobago ran a deficit in 18 years. On average, Angola posted an annual deficit equal to 0.1% of GDP, compared to deficit of 2.21% of GDP for Trinidad and Tobago.

Inflation comparison by year

Inflation
Angola

Trinidad and Tobago
1x
Year Consumer prices inflation
Angola Trinidad
2024 28.2% 0.53%
2023 13.6% 4.63%
2022 21.4% 5.83%
2021 25.8% 2.06%
2020 22.3% 0.6%
2019 17.1% 1%
2018 19.6% 1.02%
2017 29.8% 1.88%
2016 30.7% 3.07%
2015 9.2% 4.66%
2014 7.3% 5.68%
2013 8.8% 5.2%
2012 10.3% 9.26%
2011 13.5% 5.11%
2010 14.5% 10.5%
2009 13.7% 6.98%
2008 12.5% 12%
2007 12.2% 7.89%
2006 13.3% 8.33%
2005 23% 6.87%
2004 43.5% 3.72%
2003 98.2% 3.81%
2002 108.9% 4.15%
2001 152.6% 5.54%
2000 325% 3.56%
1999 248.2% 3.44%
1998 107.4% 5.61%
1997 221.5% 3.63%

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/trinidad-and-tobago | CC BY

Over the past 28 years, Angola has recorded an average annual inflation rate of 59%, compared with 4.88% in Trinidad and Tobago. In 2024, inflation was 28.2% in Angola and 0.53% in Trinidad and Tobago.

Top exports between countries

Angola
Export category Export value
Machinery & equipment $2.42M
Chemicals & pharma $1K
Raw materials & minerals $1K
Textiles & consumer goods $1K
Weapons & explosives $1K
Trinidad
Export category Export value
Machinery & equipment $1.88M
Textiles & consumer goods $99K
Raw materials & minerals $30K
Metals $18K
Chemicals & pharma $12K

Balance of trade

Angola Trinidad
Current account balance
$6.31B
2024
$645M
2024
Current account balance ranking
30/190
2024
58/190
2024
Current account balance, % of GDP
+6.25%
2024
+2.52%
2024
Goods imports
$14.2B
2024
$7.54B
2024
Goods exports
$36.8B
2024
$10B
2024
Service imports
$8.49B
2024
$2.71B
2024
Service exports
$129M
2024
$1.26B
2024
Imports of goods and services, % of GDP
19.4%
2024
n/a
Exports of goods and services, % of GDP
31.5%
2024
45%
2025

Economic freedom indices

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

Angola Trinidad
Economic freedom 54.4 62.4
Economic freedom ranking 133/197 87/197
Property rights 36.9 47.3
Government integrity 28.3 45.5
Judicial effectiveness 26.3 58.8
Tax burden 86.9 76.1
Government spending 89.3 71.1
Fiscal health 91.9 86.3
Business freedom 42.8 67.1
Labor freedom 50.8 57.2
Monetary freedom 59 81
Trade freedom 70.4 68.8
Investment freedom 30 50
Financial freedom 40 40

Economic freedom comparison by year

Angola
Trinidad and Tobago
1x
Year Economic freedom index
Angola Trinidad
2026 54.4 62.4
2025 55 63.6
2024 54.3 60.4
2023 53 59.5
2022 52.6 58.8
2021 54.2 59
2020 52.2 58.3
2019 50.6 57
2018 48.6 57.7
2017 48.5 61.2
2016 48.9 62.9
2015 47.9 64.1
2014 47.7 62.7
2013 47.3 62.3
2012 46.7 64.4
2011 46.2 66.5
2010 48.4 65.7
2009 47 68
2008 46.9 69.5
2007 44.7 70.6
2006 43.5 70.4
2005 - 71.5
2004 - 71.3
2003 - 68.8
2002 - 70.1
2001 - 71.8
2000 24.3 74.5
1999 23.7 72.4
1998 24.9 72
1997 24.2 71.3
1996 24.4 69.2
1995 27.4 -

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

GeoRank.org/economy/angola/trinidad-and-tobago | CC BY

The Economic Freedom Index for Angola is 54.4, ranking 133/197, compared to 62.4 for Trinidad and Tobago, ranking 87/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Angola Trinidad
Services, % of GDP
41.1%
2024
59.2%
2024
Industry, % of GDP
34.6%
2024
34.6%
2024
Agriculture, forestry, and fishing, % of GDP
22.1%
2024
0.78%
2024
GNI, Atlas method
$108B
2024
$27B
2024
GNI per capita, PPP
$9,460
2024
$36,580
2024
Total reserves including gold
$14.2B
2024
$5.6B
2024
Total reserves ranking
69/177
2024
94/177
2024
Net foreign direct investment
$1.14B
2024
$980M
2024
Net inflows of foreign direct investment
-$1.11B
2024
-$453M
2024
Net outflows of foreign direct investment
$33.1M
2024
$527M
2024
Servicing debt to the IMF, % of GNI
11.5%
2024
n/a
Poverty at national poverty lines
36.6%
2020
20%
2020
Gross capital formation, % of GDP
10.4%
2024
19%
2023

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/trinidad-and-tobago | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1988–1999, retrieved 2026-02-20)
  6. TradeMap (2020–2024, retrieved 2026-02-08)
  7. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)
  8. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  9. LivingCost (2026, retrieved 2025-10-14)

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.