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Economy of Angola vs Uganda compared: GDP & Debt

Updated on by Georank team

Angola has a GDP of $80.4B compared to $53.7B for Uganda, ranking 81/197 and 89/197 by economy size, respectively.

Angola has $50.2B in government debt (64.5% of GDP), compared to $27.8B (54% of GDP) in Uganda.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Angola
GDP, current $

GDP, constant 2015 $
Uganda
GDP, current $

GDP, constant 2015 $
Year GDP
Angola Uganda
Current $ Constant $ Current $ Constant $
1960 - - $423,145,605 -
1961 - - $441,667,335 -
1962 - - $449,158,233 -
1963 - - $516,315,231 -
1964 - - $589,247,687 -
1965 - - $884,502,310 -
1966 - - $925,381,492 -
1967 - - $967,240,655 -
1968 - - $1,037,379,252 -
1969 - - $1,168,556,629 -
1970 - - $1,259,554,809 -
1971 - - $1,417,191,656 -
1972 - - $1,490,970,181 -
1973 - - $1,701,829,789 -
1974 - - $2,098,944,967 -
1975 - - $2,359,555,556 -
1976 - - $2,447,300,000 -
1977 - - $2,936,470,588 -
1978 - - $2,420,260,870 -
1979 - - $2,139,025,000 -
1980 $5,930,503,401 $23,063,262,074 $1,244,610,000 -
1981 $5,550,483,036 $22,048,478,262 $1,337,300,000 -
1982 $5,550,483,036 $22,048,478,262 $2,177,500,000 $4,983,495,459
1983 $5,784,341,596 $22,974,514,664 $2,240,333,333 $5,269,775,231
1984 $6,131,475,065 $24,352,986,041 $3,615,647,477 $5,251,611,545
1985 $7,554,065,410 $25,205,340,428 $3,519,695,444 $5,077,973,311
1986 $7,072,536,109 $25,936,295,740 $3,923,244,050 $5,097,781,822
1987 $8,084,412,414 $26,995,209,500 $6,269,522,042 $5,299,750,982
1988 $8,769,836,769 $28,649,716,325 $6,508,931,652 $5,737,885,293
1989 $10,201,780,977 $28,661,640,755 $5,276,480,799 $6,102,926,184
1990 $11,229,515,599 $27,672,785,865 $4,304,399,310 $6,498,038,179
1991 $10,603,784,541 $27,947,122,601 $3,321,729,160 $6,858,945,425
1992 $8,307,810,974 $26,315,491,127 $2,857,457,762 $7,093,408,658
1993 $5,768,720,422 $20,004,137,038 $3,220,439,044 $7,684,026,613
1994 $4,438,321,017 $20,272,065,135 $3,990,430,447 $8,176,083,687
1995 $5,538,749,260 $23,312,874,912 $5,755,818,842 $9,118,233,745
1996 $7,526,421,519 $26,470,456,890 $6,044,585,327 $9,945,450,358
1997 $7,648,380,196 $28,395,991,341 $6,269,333,313 $10,452,668,512
1998 $6,506,221,616 $29,728,088,881 $6,584,815,847 $10,965,399,652
1999 $6,152,923,310 $30,376,604,084 $5,998,563,258 $11,848,547,280
2000 $9,129,594,970 $31,304,495,194 $6,193,246,837 $12,220,817,656
2001 $8,936,079,118 $32,621,161,810 $5,840,503,869 $12,854,303,430
2002 $15,285,592,370 $37,079,068,253 $6,178,563,591 $13,976,829,356
2003 $17,812,704,586 $38,187,732,393 $6,606,884,275 $14,881,585,674
2004 $23,552,057,679 $42,369,289,093 $7,939,487,548 $15,894,609,936
2005 $36,970,900,884 $48,737,393,240 $9,239,221,763 $16,901,146,461
2006 $52,381,025,141 $54,366,562,158 $9,977,647,683 $18,723,891,905
2007 $65,266,415,494 $61,983,317,521 $11,902,564,495 $20,299,025,449
2008 $88,538,665,085 $68,906,854,084 $14,440,404,132 $22,066,817,214
2009 $70,307,196,182 $69,499,453,031 $25,127,805,567 $23,567,695,615
2010 $83,799,474,070 $72,556,300,250 $26,673,441,431 $24,896,350,765
2011 $111,789,747,671 $75,075,493,557 $27,871,725,241 $27,234,530,260
2012 $128,052,915,766 $81,488,522,604 $27,305,915,911 $28,279,643,268
2013 $132,339,109,040 $85,525,963,564 $28,915,786,517 $29,294,007,440
2014 $135,966,802,587 $89,650,503,848 $32,612,397,257 $30,789,849,488
2015 $90,496,420,507 $90,496,420,507 $32,387,183,730 $32,387,183,730
2016 $52,761,617,226 $88,161,567,931 $29,203,988,696 $33,935,615,079
2017 $73,690,154,991 $88,031,782,694 $30,744,473,841 $34,998,276,802
2018 $79,450,688,259 $86,872,966,033 $32,927,025,620 $37,204,541,497
2019 $70,897,962,732 $86,262,880,685 $35,353,061,008 $39,600,047,064
2020 $48,501,561,204 $81,399,194,251 $37,600,368,240 $40,768,765,796
2021 $66,505,129,988 $82,375,341,953 $40,529,788,744 $42,210,585,953
2022 $104,399,746,853 $84,883,445,838 $45,565,333,216 $44,147,216,890
2023 $84,875,162,197 $85,798,573,860 $48,768,955,859 $46,503,341,915
2024 $80,396,942,242 $89,594,220,855 $53,651,874,314 $49,356,997,179

Economic indicators

Angola Uganda
Gross domestic product
$80.4B
2024
$53.7B
2024
GDP rank
81/197
2024
89/197
2024
GDP growth
-5.28%
2023-2024
10%
2023-2024
GDP per capita
$2,122
2024
$1,073
2024
GDP per capita rank
156/197
2024
173/197
2024
GDP per capita, PPP
$8,348
2024
$3,276
2024
Government debt
$50.2B
2024
$27.8B
2024
Debt-to-GDP ratio
64.5%
2025
54%
2025
Government debt per person
$1,326
2024
$556
2024
Government debt per person rank
135/185
2024
162/185
2024
Average annual personal income after taxes
$33,074
2025
$1,648
2025
Income share by richest 10%
39.6%
2018
34.5%
2019
Income share by poorest 10%
1.3%
2018
2.4%
2019
Government expenditure, % of GDP
17.3%
2025
21.4%
2025
Consumer prices inflation
21.6%
2024-2025
3.8%
2024-2025
Central bank interest rate
18%
2023
9.75%
2024
Unemployment rate
14.1%
2022
3.42%
2021
Population
39983997
52490669

GDP per capita in Angola vs Uganda

Angola's GDP per capita is $2,122, ranking 156/197, compared to $1,073 in Uganda, ranking 173/197. Adjusted for purchasing power (GDP per capita PPP), Angola ranks 136th at $8,348, while Uganda ranks 175th at $3,276.

Angola
GDP per capita

GDP per capita, PPP
Uganda
GDP per capita

GDP per capita, PPP
Year Current $
Angola Uganda
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 - - $55.4 -
1961 - - $56.2 -
1962 - - $55.5 -
1963 - - $62 -
1964 - - $68.6 -
1965 - - $100 -
1966 - - $101.4 -
1967 - - $102.8 -
1968 - - $106.9 -
1969 - - $116.7 -
1970 - - $122 -
1971 - - $133.5 -
1972 - - $137 -
1973 - - $152.7 -
1974 - - $183.7 -
1975 - - $201.2 -
1976 - - $203.3 -
1977 - - $237.6 -
1978 - - $190.7 -
1979 - - $164.5 -
1980 $729 - $93.8 -
1981 $658 - $98.6 -
1982 $634 - $157 -
1983 $637 - $157.5 -
1984 $650 - $247.5 -
1985 $772 - $234.3 -
1986 $698 - $253.6 -
1987 $770 - $393 -
1988 $807 - $395 -
1989 $908 - $310 -
1990 $966 $3,341 $245 $666
1991 $882 $3,373 $183 $703
1992 $669 $3,143 $152.1 $719
1993 $450 $2,369 $165.6 $770
1994 $335 $2,374 $198.4 $809
1995 $404 $2,696 $278.5 $897
1996 $531 $3,013 $284.7 $969
1997 $522 $3,178 $286.8 $1,007
1998 $429 $3,254 $292.5 $1,037
1999 $393 $3,263 $257.9 $1,100
2000 $564 $3,327 $258.1 $1,124
2001 $534 $3,428 $236 $1,173
2002 $882 $3,824 $242 $1,255
2003 $993 $3,879 $250.7 $1,320
2004 $1,266 $4,263 $292.4 $1,405
2005 $1,916 $4,876 $330 $1,497
2006 $2,617 $5,404 $347 $1,660
2007 $3,141 $6,096 $401 $1,795
2008 $4,103 $6,651 $473 $1,931
2009 $3,137 $6,498 $799 $2,015
2010 $3,597 $6,607 $823 $2,092
2011 $4,616 $6,711 $836 $2,268
2012 $5,086 $7,355 $795 $2,032
2013 $5,058 $7,561 $818 $2,045
2014 $5,006 $7,990 $896 $2,134
2015 $3,214 $7,120 $863 $2,190
2016 $1,808 $6,844 $753 $2,165
2017 $2,437 $6,993 $765 $2,158
2018 $2,539 $7,348 $792 $2,312
2019 $2,190 $7,528 $822 $2,441
2020 $1,450 $6,451 $846 $2,532
2021 $1,926 $7,408 $883 $2,685
2022 $2,930 $7,925 $963 $2,919
2023 $2,310 $8,047 $1,002 $3,098
2024 $2,122 $8,348 $1,073 $3,276

Spending and national debt comparison

In 2024, Angola's government spending was $14.1B, accounting for 17.3% of its GDP, while Uganda's spent $11B, or 21.4% of GDP.

Debt-to-GDP ratio is 64.5% in Angola and 54% in Uganda, ranking 67/185 and 100/185, respectively.

Angola
Government spending

Government debt
Uganda
Government spending

Government debt
Year % of GDP
Angola Uganda
Government spending Government debt Government spending Government debt
1996 25.2% 92% - -
1997 26.8% 73.5% 13.9% 44.2%
1998 26.1% 96.3% 14% 45.1%
1999 39.4% 104.8% 14.7% 47.7%
2000 35.8% 118.2% 15.2% 48.5%
2001 30.3% 100.2% 16.2% 51.4%
2002 27.6% 65.1% 16.8% 54.7%
2003 30.1% 50.8% 16.5% 55.1%
2004 26% 41.6% 15.6% 49%
2005 23.7% 29.9% 14.5% 42.6%
2006 27.3% 16.7% 13.7% 27.8%
2007 34.1% 18.8% 13.2% 17%
2008 47.2% 28.1% 12.9% 15.7%
2009 38.7% 48.4% 11.8% 14.8%
2010 34.6% 32.6% 15.4% 18.4%
2011 33.3% 26.3% 13.2% 18%
2012 33.2% 23.8% 13.1% 19.5%
2013 32.9% 29.5% 13.3% 22.1%
2014 32.3% 35.3% 13.6% 24.8%
2015 23.9% 50.4% 14.9% 28%
2016 19.4% 66.7% 15.2% 31.3%
2017 21% 60.5% 16.3% 33.6%
2018 18.3% 82.5% 16.2% 34.9%
2019 18.2% 101.4% 18.3% 37.5%
2020 20% 119.1% 21.4% 46.3%
2021 17.3% 74.3% 21.4% 50.3%
2022 19.5% 56.1% 20.2% 50.2%
2023 19.2% 71.4% 19% 50.2%
2024 17.5% 62.5% 20.5% 51.8%
2025 17.3% 64.5% 21.4% 54%

Government deficit by year

In 2024, Angola's government deficit, the difference between spending and revenue, was -$818M, equivalent to -1.02% of GDP. This compares to Uganda's deficit of -$3.14B, or -5.85% of GDP.

Over the past 28 years, Angola recorded a fiscal deficit in 15 of those years, while Uganda ran a deficit in 27 years. On average, Angola posted an annual deficit equal to -0.27% of GDP, compared to deficit of -2.72% of GDP for Uganda.

Deficit/surplus
Angola

Uganda
Year Deficit/surplus, % of GDP
Angola Uganda
1996 4.49% -
1997 -0.23% -0.83%
1998 -5.1% -0.7%
1999 -8.1% -1.24%
2000 2.02% -0.62%
2001 2.8% -0.99%
2002 -2.24% -2.07%
2003 -4.1% -0.97%
2004 1.03% 0.34%
2005 6.4% -0.17%
2006 8.42% -0.64%
2007 3.85% -0.82%
2008 -3.8% -1.99%
2009 -6.8% -1.61%
2010 2.98% -4.64%
2011 7.2% -2.04%
2012 3.68% -2.39%
2013 -0.27% -3.19%
2014 -5.07% -2.74%
2015 -2.57% -2.59%
2016 -3.98% -2.64%
2017 -5.75% -3.83%
2018 2.03% -3.02%
2019 0.69% -4.82%
2020 -1.66% -7.76%
2021 3.4% -7.44%
2022 0.58% -5.96%
2023 -1.88% -4.86%
2024 -1.02% -5.85%
2025 -2.31% -6.7%

Inflation comparison by year

Over the past 30 years, Angola has recorded an average annual inflation rate of 194%, compared with 6.05% in Uganda. In 2025, inflation was 21.6% in Angola and 3.8% in Uganda.

Inflation
Angola

Uganda
Year Inflation
Angola Uganda Angola Uganda
1996 4,146% 7.5%
1997 221.5% 7.7%
1998 107.4% 5.8%
1999 248.2% 5.8%
2000 325% 3.4%
2001 152.6% 1.9%
2002 108.9% -0.3%
2003 98.2% 8.7%
2004 43.5% 3.7%
2005 23% 8.6%
2006 13.3% 7.2%
2007 12.2% 6.1%
2008 12.5% 12%
2009 13.7% 13%
2010 14.5% 4%
2011 13.5% 18.7%
2012 10.3% 14%
2013 8.8% 5.5%
2014 7.3% 4.3%
2015 9.2% 3.7%
2016 30.7% 5.2%
2017 29.8% 5.6%
2018 19.6% 2.5%
2019 17.1% 2.1%
2020 22.3% 2.8%
2021 25.8% 2.2%
2022 21.4% 7.2%
2023 13.6% 5.4%
2024 28.2% 3.3%
2025 21.6% 3.8%

Top exports between countries

Angola
Export category Export value
Machinery & equipment $66K
Metals $4K
Textiles & consumer goods $4K
Wood & paper products $3K
Chemicals & pharma $1K
Uganda
Export category Export value
Processed food, beverages & tobacco $987K
Machinery & equipment $543K
Metals $266K
Textiles & consumer goods $83K
Chemicals & pharma $23K
Wood & paper products $3K
Raw materials & minerals $2K

Balance of trade

Angola Uganda
Current account balance
$6.31B
2024
-$4.2B
2024
Current account balance ranking
30/189
2024
161/189
2024
Current account balance, % of GDP
+7.85%
2024
-7.83%
2024
Goods imports
$14.2B
2024
$11.7B
2024
Goods exports
$36.8B
2024
$8.67B
2024
Service imports
$8.49B
2024
$4.31B
2024
Service exports
$129M
2024
$2.39B
2024
Imports of goods and services, % of GDP
24.4%
2024
24.6%
2024
Exports of goods and services, % of GDP
37.9%
2024
16.9%
2024

Economic freedom indices

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

Angola Uganda
Economic freedom 55 51.3
Economic freedom ranking 130/197 154/197
Property rights 39.9 47.4
Government integrity 28.2 24.1
Judicial effectiveness 25.7 29.2
Tax burden 86.9 73.6
Government spending 89.5 87.7
Fiscal health 89.1 35.5
Business freedom 45.2 50.3
Labor freedom 50.8 54.8
Monetary freedom 64.2 75.1
Trade freedom 70.4 57.4
Investment freedom 30 40
Financial freedom 40 40

Economic freedom by year comparison

The Economic Freedom Index for Angola is 55, ranking 130/197, compared to 51.3 for Uganda, ranking 154/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Angola
Uganda
Year Economic freedom index
Angola Uganda
1995 27.4 62.9
1996 24.4 66.2
1997 24.2 66.6
1998 24.9 64.7
1999 23.7 64.8
2000 24.3 58.2
2001 - 60.4
2002 - 61
2003 - 60.1
2004 - 64.1
2005 - 62.9
2006 43.5 63.9
2007 44.7 63.1
2008 46.9 63.8
2009 47 63.5
2010 48.4 62.2
2011 46.2 61.7
2012 46.7 61.9
2013 47.3 61.1
2014 47.7 59.9
2015 47.9 59.7
2016 48.9 59.3
2017 48.5 60.9
2018 48.6 62
2019 50.6 59.7
2020 52.2 59.5
2021 54.2 58.6
2022 52.6 54.2
2023 53 51.4
2024 54.3 50.7
2025 55 51.3

More economic indicators

Angola Uganda
Services, % of GDP
39.3%
2024
43.1%
2024
Industry, % of GDP
44.2%
2024
24.9%
2024
Agriculture, forestry, and fishing, % of GDP
16.4%
2024
24.7%
2024
GNI, Atlas method
$84B
2024
$50.9B
2024
GNI per capita, PPP
$7,660
2024
$3,200
2024
Total reserves including gold
$14.2B
2024
$3.36B
2018
Total reserves ranking
69/177
2024
114/177
2018
Net foreign direct investment
$1.14B
2024
-$3.3B
2024
Net inflows of foreign direct investment
-$1.11B
2024
$3.3B
2024
Net outflows of foreign direct investment
$33.1M
2024
$400K
2024
Servicing debt to the IMF, % of GNI
16.3%
2023
4.99%
2023
Poverty at national poverty lines
36.6%
2020
20.3%
2019
Gross capital formation, % of GDP
25%
2024
22.3%
2024

GDP per capita map

GDP per capita

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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.