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Economy of Angola vs United Arab Emirates compared: GDP & Debt

Updated on by Georank team

Angola has a GDP of $101B compared to $552B for the United Arab Emirates, ranking 71/197 and 27/197 by economy size, respectively.

Angola has $60.5B in government debt (59.9% of GDP), compared to $193B (34.9% of GDP) in the United Arab Emirates.

Angola vs United Arab Emirates GDP by year

Angola
United Arab Emirates
1x
Year GDP, current $
Angola UAE
2024 $100,998,916,781 $552,324,846,835
2023 $107,167,747,140 $522,622,191,967
2022 $131,212,208,930 $511,403,403,676
2021 $79,559,543,805 $422,441,388,700
2020 $58,852,456,454 $357,161,878,829
2019 $80,734,428,593 $433,926,208,305
2018 $89,512,794,227 $440,560,108,918
2017 $84,376,935,689 $403,365,010,211
2016 $59,878,249,719 $381,717,086,453
2015 $102,543,067,841 $381,973,042,886
2014 $153,449,860,496 $424,935,874,745
2013 $148,845,200,697 $409,632,675,289
2012 $143,572,907,528 $392,793,464,942
2011 $125,551,634,704 $368,881,143,635
2010 $95,546,919,755 $307,736,419,333
2009 $81,705,175,408 $253,547,358,747
2008 $98,790,432,989 $315,474,615,739
2007 $73,037,821,927 $257,916,133,424
2006 $58,653,659,980 $222,116,541,865
2005 $41,396,636,383 $180,617,467,965
2004 $26,997,977,897 $147,824,370,320
2003 $20,342,128,112 $124,346,358,067
2002 $17,311,512,432 $109,816,201,498
2001 $8,936,079,118 $103,311,640,572
2000 $9,129,594,970 $104,337,372,362
1999 $6,152,923,310 $84,445,473,111
1998 $6,506,221,616 $75,674,336,283
1997 $7,648,380,196 $78,839,008,445
1996 $7,526,421,519 $73,571,233,996
1995 $5,538,749,260 $65,743,666,576
1994 $4,438,321,017 $59,305,093,980
1993 $5,768,720,422 $55,625,170,253
1992 $8,307,810,974 $54,239,171,888
1991 $10,603,784,541 $51,552,165,622
1990 $11,229,515,599 $50,701,443,748
1989 $10,201,780,977 $41,464,995,914
1988 $8,769,836,769 $36,275,674,203
1987 $8,084,412,414 $36,384,908,744
1986 $7,072,536,109 $33,943,612,095
1985 $7,554,065,410 $40,603,650,232
1984 $6,131,475,065 $41,807,954,236
1983 $5,784,341,596 $42,803,323,345
1982 $5,550,483,036 $46,622,718,605
1981 $5,550,483,036 $49,333,424,135
1980 $5,930,503,401 $43,599,160,050
1979 - $31,225,659,621
1978 - $23,775,764,225
1977 - $24,871,775,165
1976 - $19,213,158,779
1975 - $14,720,728,249
1974 - $11,651,505,689
1973 - $4,231,243,616
1972 - $1,415,086,929
1971 - $939,893,600
1970 - $685,986,701

Data sources: World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06).

GeoRank.org/economy/angola/united-arab-emirates | CC BY

GDP per capita in Angola vs United Arab Emirates by year

Angola
GDP per capita

GDP per capita, PPP
United Arab Emirates
GDP per capita

GDP per capita, PPP
1x
Year Current $
Angola UAE
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,666 $10,119 $50,274 $79,229
2023 $2,916 $9,754 $49,851 $77,955
2022 $3,682 $9,588 $50,760 $75,072
2021 $2,304 $8,862 $44,119 $68,580
2020 $1,759 $7,827 $37,992 $66,791
2019 $2,494 $8,573 $45,939 $79,816
2018 $2,860 $8,278 $47,135 $77,446
2017 $2,791 $8,007 $43,734 $70,282
2016 $2,052 $7,767 $42,721 $69,987
2015 $3,642 $8,067 $44,910 $73,986
2014 $5,650 $9,018 $52,725 $87,478
2013 $5,689 $8,504 $53,247 $87,526
2012 $5,702 $8,246 $53,142 $89,198
2011 $5,184 $7,538 $51,922 $89,665
2010 $4,102 $7,412 $44,795 $85,120
2009 $3,645 $7,228 $37,803 $84,780
2008 $4,578 $7,316 $50,054 $94,628
2007 $3,515 $6,728 $45,855 $100,813
2006 $2,930 $6,018 $44,343 $106,814
2005 $2,146 $5,416 $38,719 $101,301
2004 $1,451 $4,771 $33,377 $98,661
2003 $1,134 $4,322 $29,660 $92,636
2002 $999 $4,241 $27,754 $88,467
2001 $534 $3,802 $27,745 $90,370
2000 $564 $3,690 $29,866 $92,899
1999 $393 $3,619 $25,856 $87,658
1998 $429 $3,609 $24,889 $90,229
1997 $522 $3,525 $27,983 $96,009
1996 $531 $3,342 $28,323 $94,620
1995 $404 $2,990 $27,003 $93,702
1994 $335 $2,633 $25,473 $89,959
1993 $450 $2,628 $25,033 $86,330
1992 $669 $3,486 $25,648 $87,509
1991 $882 $3,740 $25,691 $87,250
1990 $966 $3,705 $26,710 $88,455
1989 $908 - $23,167 -
1988 $807 - $21,570 -
1987 $770 - $23,113 -
1986 $698 - $23,132 -
1985 $772 - $29,468 -
1984 $650 - $32,012 -
1983 $637 - $34,650 -
1982 $634 - $39,972 -
1981 $658 - $44,854 -
1980 $729 - $42,925 -
1979 - - $34,238 -
1978 - - $29,379 -
1977 - - $35,020 -
1976 - - $31,197 -
1975 - - $27,117 -
1974 - - $23,823 -
1973 - - $9,696 -
1972 - - $3,675 -
1971 - - $2,805 -
1970 - - $2,394 -

Data sources: World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06).

GeoRank.org/economy/angola/united-arab-emirates | CC BY

Angola's GDP per capita is $2,666, ranking 144/197, compared to $50,274 in the United Arab Emirates, ranking 24/197. Adjusted for purchasing power (GDP per capita PPP), Angola ranks 133rd at $10,119, while the United Arab Emirates ranks 16th at $79,229.

Economic indicators

Angola UAE
Gross domestic product
$101B
2024
$552B
2024
GDP rank
71/197
2024
27/197
2024
GDP growth
4.42%
2023-2024
3.99%
2023-2024
GDP per capita
$2,666
2024
$50,274
2024
GDP per capita rank
144/197
2024
24/197
2024
GDP per capita, PPP
$10,119
2024
$79,229
2024
GDP per capita PPP rank
133/197
2024
16/197
2024
Government debt
$60.5B
2024
$193B
2024
Debt-to-GDP ratio
59.9%
2024
34.9%
2024
Government debt per person
$1,597
2024
$17,568
2024
Government debt per person rank
127/185
2024
36/185
2024
Average annual personal income after taxes
$28,080
2026
$40,522
2026
Market capitalization of domestic companies n/a
$1.05T
2024
Number of millionaires n/a
339,000
2025
Number of billionaires n/a
6
2025
Income share by richest 10%
39.6%
2018
20.5%
2018
Income share by poorest 10%
1.3%
2018
2.8%
2018
Government expenditure, % of GDP
18.4%
2024
21.4%
2024
Consumer prices inflation
28.2%
2023-2024
1.7%
2023-2024
Central bank interest rate
18%
2023
3.65%
2025
Unemployment rate
14.1%
2022
1.88%
2024
Population
40555924
11686438

Spending and national debt comparison by year

Angola
Spending

Debt
United Arab Emirates
Spending

Debt
1x
Year % of GDP
Angola UAE
Government spending Government debt Government spending Government debt
2024 18.4% 59.9% 21.4% 34.9%
2023 18.8% 72.4% 22.7% 31.9%
2022 19.5% 56.1% 22.7% 31.5%
2021 17.3% 74.3% 25.9% 35.7%
2020 20% 119.1% 30.5% 30.1%
2019 18.2% 101.4% 27.4% 25.8%
2018 18.3% 82.5% 25.9% 20.7%
2017 21% 60.5% 27.2% 21.2%
2016 19.4% 66.7% 31.7% 18.6%
2015 23.9% 50.4% 26.4% 15.6%
2014 32.3% 35.3% 31.4% 13.5%
2013 32.9% 29.5% 28.9% 15.3%
2012 33.2% 23.8% 27.8% 20.2%
2011 33.3% 26.3% 29.6% 20.4%
2010 34.6% 32.6% 30.4% 18.3%
2009 38.7% 48.4% 35% 21.1%
2008 47.2% 28.1% 22% 8.95%
2007 34.1% 18.8% 17.7% 8.89%
2006 27.3% 16.7% 15.6% 5.05%
2005 23.7% 29.9% 15.7% 4.48%
2004 26% 41.6% 17.7% 4.08%
2003 30.1% 50.8% 20% 3.33%
2002 27.6% 65.1% 21.3% 3.43%
2001 30.3% 100.2% 25.2% 2.69%
2000 35.8% 118.2% 21.8% 3.12%
1999 39.4% 104.8% 24.3% 4.73%
1998 26.1% 96.3% 25.8% 4.18%
1997 26.8% 73.5% 22.6% 2.86%
1996 25.2% 92% 27.6% 3.48%
1995 - - 26.1% 5.06%
1994 - - 30.1% 5.58%
1993 - - 31.5% 6.01%
1992 - - 29.6% 5.31%
1991 - - 36% 4.97%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1991–1999, retrieved 2026-02-20).

GeoRank.org/economy/angola/united-arab-emirates | CC BY

In 2024, Angola's government spending was $18.6B, accounting for 18.4% of its GDP, while the United Arab Emirates spent $118B, or 21.4% of GDP.

Debt-to-GDP ratio is 59.9% in Angola and 34.9% in the United Arab Emirates, ranking 78/185 and 146/185, respectively.

Government deficit by year

Deficit/surplus
Angola

United Arab Emirates
1x
Year Deficit/surplus, % of GDP
Angola UAE
2024 -1.01% 6.41%
2023 -1.83% 5.82%
2022 0.58% 9.8%
2021 3.4% 3.96%
2020 -1.66% -2.42%
2019 0.69% 2.5%
2018 2.03% 3.65%
2017 -5.75% -0.16%
2016 -3.98% -2.95%
2015 -2.57% -6.35%
2014 -5.07% 1.74%
2013 -0.27% 7.99%
2012 3.68% 8.59%
2011 7.2% 5.05%
2010 2.98% 0.52%
2009 -6.8% -6.13%
2008 -3.8% 17.6%
2007 3.85% 17.1%
2006 8.42% 20.2%
2005 6.4% 16%
2004 1.03% 6.4%
2003 -4.1% 2.35%
2002 -2.24% -1.24%
2001 2.8% 1.21%
2000 2.02% 10.7%
1999 -8.1% 1.31%
1998 -5.1% 1%
1997 -0.23% 6.71%
1996 4.49% 0.92%
1995 - 3.58%
1994 - -1.78%
1993 - -2.89%
1992 - 3.34%
1991 - 3.89%

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

GeoRank.org/economy/angola/united-arab-emirates | 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 the United Arab Emirates' surplus of $35.4B, or 6.41% of GDP.

Over the past 29 years, Angola recorded a fiscal deficit in 15 of those years, while the United Arab Emirates ran a deficit in 6 years. On average, Angola posted an annual deficit equal to 0.1% of GDP, compared to surplus of 4.77% of GDP for the United Arab Emirates.

Inflation comparison by year

Inflation
Angola

United Arab Emirates
1x
Year Consumer prices inflation
Angola UAE
2024 28.2% 1.7%
2023 13.6% 1.6%
2022 21.4% 4.8%
2021 25.8% -0.1%
2020 22.3% -2.1%
2019 17.1% -1.9%
2018 19.6% 3.1%
2017 29.8% 2%
2016 30.7% 1.6%
2015 9.2% 4.1%
2014 7.3% 2.3%
2013 8.8% 1.1%
2012 10.3% 0.7%
2011 13.5% 0.9%
2010 14.5% 0.9%
2009 13.7% -4.7%
2008 12.5% 12.3%
2007 12.2% 11.1%
2006 13.3% 9.3%
2005 23% 6.2%
2004 43.5% 5%
2003 98.2% 3.1%
2002 108.9% 2.9%
2001 152.6% 2.8%
2000 325% 1.3%
1999 248.2% 2.1%
1998 107.4% 2%
1997 221.5% 3%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20).

GeoRank.org/economy/angola/united-arab-emirates | CC BY

Over the past 28 years, Angola has recorded an average annual inflation rate of 59%, compared with 2.75% in the United Arab Emirates. In 2024, inflation was 28.2% in Angola and 1.7% in the United Arab Emirates.

Top exports between countries

Angola
Export category Export value
Precious metals & jewellery $1.19B
Raw materials & minerals $117M
Machinery & equipment $39.1M
Metals $3.81M
Wood & paper products $1.46M
Chemicals & pharma $358K
Processed food, beverages & tobacco $197K
Textiles & consumer goods $108K
Raw agricultural goods $103K
Animal & marine products $28K
UAE
Export category Export value
Machinery & equipment $363M
Raw materials & minerals $82M
Chemicals & pharma $34.9M
Metals $23.9M
Textiles & consumer goods $8.64M
Processed food, beverages & tobacco $7.54M
Animal & marine products $7.3M
Wood & paper products $3.72M
Raw agricultural goods $856K
Precious metals & jewellery $483K

Balance of trade

Angola UAE
Current account balance
$6.31B
2024
$80B
2024
Current account balance ranking
30/190
2024
9/190
2024
Current account balance, % of GDP
+6.25%
2024
+14.5%
2024
Goods imports
$14.2B
2024
$400B
2024
Goods exports
$36.8B
2024
$467B
2024
Service imports
$8.49B
2024
$117B
2024
Service exports
$129M
2024
$181B
2024
Imports of goods and services, % of GDP
19.4%
2024
92.2%
2023
Exports of goods and services, % of GDP
31.5%
2024
106.8%
2023

Economic freedom indices

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

Angola UAE
Economic freedom 54.4 71.9
Economic freedom ranking 133/197 29/197
Property rights 36.9 62.9
Government integrity 28.3 65.3
Judicial effectiveness 26.3 34.4
Tax burden 86.9 99.9
Government spending 89.3 85.1
Fiscal health 91.9 97.6
Business freedom 42.8 84.5
Labor freedom 50.8 63.2
Monetary freedom 59 81.2
Trade freedom 70.4 78.6
Investment freedom 30 50
Financial freedom 40 60

Economic freedom comparison by year

Angola
United Arab Emirates
1x
Year Economic freedom index
Angola UAE
2026 54.4 71.9
2025 55 71.6
2024 54.3 71.1
2023 53 70.9
2022 52.6 70.2
2021 54.2 76.9
2020 52.2 76.2
2019 50.6 77.6
2018 48.6 77.6
2017 48.5 76.9
2016 48.9 72.6
2015 47.9 72.4
2014 47.7 71.4
2013 47.3 71.1
2012 46.7 69.3
2011 46.2 67.8
2010 48.4 67.3
2009 47 64.7
2008 46.9 62.6
2007 44.7 62.6
2006 43.5 62.2
2005 - 65.2
2004 - 67.2
2003 - 73.4
2002 - 73.6
2001 - 74.9
2000 24.3 74.2
1999 23.7 71.5
1998 24.9 72.2
1997 24.2 71.9
1996 24.4 71.6
1995 27.4 -

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

GeoRank.org/economy/angola/united-arab-emirates | CC BY

The Economic Freedom Index for Angola is 54.4, ranking 133/197, compared to 71.9 for the United Arab Emirates, ranking 29/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Angola UAE
Services, % of GDP
41.1%
2024
54.9%
2024
Industry, % of GDP
34.6%
2024
44.3%
2024
Agriculture, forestry, and fishing, % of GDP
22.1%
2024
0.77%
2024
GNI, Atlas method
$108B
2024
$566B
2024
GNI per capita, PPP
$9,460
2024
$81,530
2024
Total reserves including gold
$14.2B
2024
$238B
2024
Total reserves ranking
69/177
2024
14/177
2024
Net foreign direct investment
$1.14B
2024
$31.5B
2024
Net inflows of foreign direct investment
-$1.11B
2024
$45.6B
2024
Net outflows of foreign direct investment
$33.1M
2024
$77.2B
2024
Servicing debt to the IMF, % of GNI
11.5%
2024
n/a
Poverty at national poverty lines
36.6%
2020
19.5%
2020
Gross capital formation, % of GDP
10.4%
2024
26.6%
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/united-arab-emirates | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1970–2024, 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 (2023–2024, retrieved 2026-02-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1991–1999, retrieved 2026-02-20)
  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.