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Economy of Angola vs United States compared: GDP & Debt

Updated on by Georank team

Angola has a GDP of $101B compared to $28.8T for the United States, ranking 71/197 and 1/197 by economy size, respectively.

Angola has $60.5B in government debt (59.9% of GDP), compared to $35.2T (122.3% of GDP) in the United States.

Angola vs United States GDP by year

Angola
United States
1x
Year GDP, current $
Angola United States
2024 $100,998,916,781 $28,750,956,130,731
2023 $107,167,747,140 $27,292,170,793,214
2022 $131,212,208,930 $25,604,848,907,611
2021 $79,559,543,805 $23,315,080,560,000
2020 $58,852,456,454 $21,060,473,613,000
2019 $80,734,428,593 $21,380,976,119,000
2018 $89,512,794,227 $20,533,057,312,000
2017 $84,376,935,689 $19,477,336,549,000
2016 $59,878,249,719 $18,695,110,842,000
2015 $102,543,067,841 $18,206,020,741,000
2014 $153,449,860,496 $17,550,680,174,000
2013 $148,845,200,697 $16,843,190,993,000
2012 $143,572,907,528 $16,253,972,230,000
2011 $125,551,634,704 $15,599,728,123,000
2010 $95,546,919,755 $15,048,964,444,000
2009 $81,705,175,408 $14,478,064,934,000
2008 $98,790,432,989 $14,769,857,911,000
2007 $73,037,821,927 $14,474,226,905,000
2006 $58,653,659,980 $13,815,586,948,000
2005 $41,396,636,383 $13,039,199,193,000
2004 $26,997,977,897 $12,217,193,198,000
2003 $20,342,128,112 $11,456,442,041,000
2002 $17,311,512,432 $10,929,112,955,000
2001 $8,936,079,118 $10,581,929,774,000
2000 $9,129,594,970 $10,250,947,997,000
1999 $6,152,923,310 $9,631,174,489,000
1998 $6,506,221,616 $9,062,818,202,000
1997 $7,648,380,196 $8,577,554,457,000
1996 $7,526,421,519 $8,073,122,000,000
1995 $5,538,749,260 $7,639,749,000,000
1994 $4,438,321,017 $7,287,236,000,000
1993 $5,768,720,422 $6,858,559,000,000
1992 $8,307,810,974 $6,520,327,000,000
1991 $10,603,784,541 $6,158,129,000,000
1990 $11,229,515,599 $5,963,144,000,000
1989 $10,201,780,977 $5,641,580,000,000
1988 $8,769,836,769 $5,236,438,000,000
1987 $8,084,412,414 $4,855,215,000,000
1986 $7,072,536,109 $4,579,631,000,000
1985 $7,554,065,410 $4,338,979,000,000
1984 $6,131,475,065 $4,037,613,000,000
1983 $5,784,341,596 $3,634,038,000,000
1982 $5,550,483,036 $3,343,789,000,000
1981 $5,550,483,036 $3,207,041,000,000
1980 $5,930,503,401 $2,857,307,000,000
1979 - $2,627,333,000,000
1978 - $2,351,599,000,000
1977 - $2,081,826,000,000
1976 - $1,873,412,000,000
1975 - $1,684,904,000,000
1974 - $1,545,243,000,000
1973 - $1,425,376,000,000
1972 - $1,279,110,000,000
1971 - $1,164,850,000,000
1970 - $1,073,303,000,000
1969 - $1,017,438,172,414
1968 - $940,225,000,000
1967 - $859,620,034,483
1966 - $813,032,758,621
1965 - $741,904,862,069
1964 - $684,144,620,690
1963 - $637,058,551,724
1962 - $603,639,413,793
1961 - $561,940,310,345
1960 - $541,988,586,207

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

GeoRank.org/economy/angola/united-states | CC BY

GDP per capita in Angola vs United States by year

Angola
GDP per capita

GDP per capita, PPP
United States
GDP per capita

GDP per capita, PPP
1x
Year Current $
Angola United States
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,666 $10,119 $84,534 $85,810
2023 $2,916 $9,754 $81,490 $82,305
2022 $3,682 $9,588 $76,829 $77,861
2021 $2,304 $8,862 $70,249 $71,307
2020 $1,759 $7,827 $63,526 $64,402
2019 $2,494 $8,573 $65,120 $65,228
2018 $2,860 $8,278 $62,823 $62,876
2017 $2,791 $8,007 $59,908 $60,048
2016 $2,052 $7,767 $57,867 $57,977
2015 $3,642 $8,067 $56,763 $56,849
2014 $5,650 $9,018 $55,124 $55,153
2013 $5,689 $8,504 $53,291 $53,297
2012 $5,702 $8,246 $51,784 $51,708
2011 $5,184 $7,538 $50,066 $50,025
2010 $4,102 $7,412 $48,651 $48,643
2009 $3,645 $7,228 $47,195 $47,195
2008 $4,578 $7,316 $48,570 $48,570
2007 $3,515 $6,728 $48,050 $48,050
2006 $2,930 $6,018 $46,302 $46,302
2005 $2,146 $5,416 $44,123 $44,123
2004 $1,451 $4,771 $41,725 $41,725
2003 $1,134 $4,322 $39,490 $39,490
2002 $999 $4,241 $37,998 $37,998
2001 $534 $3,802 $37,134 $37,134
2000 $564 $3,690 $36,330 $36,330
1999 $393 $3,619 $34,484 $34,515
1998 $429 $3,609 $32,823 $32,854
1997 $522 $3,525 $31,430 $31,459
1996 $531 $3,342 $29,937 $29,968
1995 $404 $2,990 $28,661 $28,691
1994 $335 $2,633 $27,662 $27,695
1993 $450 $2,628 $26,353 $26,387
1992 $669 $3,486 $25,381 $25,419
1991 $882 $3,740 $24,293 $24,342
1990 $966 $3,705 $23,840 $23,889
1989 $908 - $22,857 -
1988 $807 - $21,417 -
1987 $770 - $20,039 -
1986 $698 - $19,071 -
1985 $772 - $18,237 -
1984 $650 - $17,121 -
1983 $637 - $15,544 -
1982 $634 - $14,434 -
1981 $658 - $13,976 -
1980 $729 - $12,613 -
1979 - - $11,674 -
1978 - - $10,565 -
1977 - - $9,453 -
1976 - - $8,592 -
1975 - - $7,801 -
1974 - - $7,226 -
1973 - - $6,726 -
1972 - - $6,094 -
1971 - - $5,609 -
1970 - - $5,234 -
1969 - - $5,020 -
1968 - - $4,685 -
1967 - - $4,326 -
1966 - - $4,136 -
1965 - - $3,818 -
1964 - - $3,565 -
1963 - - $3,366 -
1962 - - $3,236 -
1961 - - $3,059 -
1960 - - $3,000 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06); U.S. Census Bureau (1960–2024, retrieved 2026-02-08).

GeoRank.org/economy/angola/united-states | CC BY

Angola's GDP per capita is $2,666, ranking 144/197, compared to $84,534 in the United States, ranking 10/197. Adjusted for purchasing power (GDP per capita PPP), Angola ranks 133rd at $10,119, while the United States ranks 12th at $85,810.

Economic indicators

Angola United States
Gross domestic product
$101B
2024
$28.8T
2024
GDP rank
71/197
2024
1/197
2024
GDP growth
4.42%
2023-2024
2.79%
2023-2024
GDP per capita
$2,666
2024
$84,534
2024
GDP per capita rank
144/197
2024
10/197
2024
GDP per capita, PPP
$10,119
2024
$85,810
2024
GDP per capita PPP rank
133/197
2024
12/197
2024
Government debt
$60.5B
2024
$35.2T
2024
Debt-to-GDP ratio
59.9%
2024
122.3%
2024
Government debt per person
$1,597
2024
$103,404
2024
Government debt per person rank
127/185
2024
2/185
2024
Average annual personal income after taxes
$28,080
2026
$53,202
2026
Market capitalization of domestic companies n/a
$62.2T
2024
Number of millionaires n/a
23,831,000
2025
Number of billionaires n/a
902
2025
Income share by richest 10%
39.6%
2018
30.4%
2023
Income share by poorest 10%
1.3%
2018
1.8%
2023
Government expenditure, % of GDP
18.4%
2024
37.9%
2024
Consumer prices inflation
28.2%
2023-2024
2.95%
2023-2024
Central bank interest rate
18%
2023
3.75%
2025
Unemployment rate
14.1%
2022
4.02%
2024
Population
40555924
344023146

Spending and national debt comparison by year

Angola
Spending

Debt
United States
Spending

Debt
1x
Year % of GDP
Angola United States
Government spending Government debt Government spending Government debt
2024 18.4% 59.9% 37.9% 122.3%
2023 18.8% 72.4% 37.7% 119.8%
2022 19.5% 56.1% 36.8% 119.1%
2021 17.3% 74.3% 43.2% 125%
2020 20% 119.1% 44.7% 132.5%
2019 18.2% 101.4% 35.8% 108.8%
2018 18.3% 82.5% 35.3% 107.6%
2017 21% 60.5% 35.2% 106.4%
2016 19.4% 66.7% 35.3% 107.4%
2015 23.9% 50.4% 35% 105.4%
2014 32.3% 35.3% 35.3% 104.9%
2013 32.9% 29.5% 35.8% 105%
2012 33.2% 23.8% 37.2% 103.7%
2011 33.3% 26.3% 38.8% 100%
2010 34.6% 32.6% 39.8% 95.6%
2009 38.7% 48.4% 41.4% 87.1%
2008 47.2% 28.1% 37.1% 73.8%
2007 34.1% 18.8% 34.6% 64.9%
2006 27.3% 16.7% 33.7% 64.5%
2005 23.7% 29.9% 33.9% 65.8%
2004 26% 41.6% 33.7% 66.4%
2003 30.1% 50.8% 34% 59%
2002 27.6% 65.1% 33.7% 55.9%
2001 30.3% 100.2% 32.8% 53.5%
2000 35.8% 118.2% 31.7% 54.5%
1999 39.4% 104.8% 32.2% 60.5%
1998 26.1% 96.3% 32.8% 64.2%
1997 26.8% 73.5% 33.7% 67.4%
1996 25.2% 92% 34.7% 69.9%
1995 - - 35.5% 70.7%
1994 - - 35.5% 71.1%
1993 - - 36.4% 71.9%
1992 - - 36.7% 70.3%
1991 - - 35.7% 67.9%
1990 - - 34.5% 63.1%
1989 - - 33.7% 61.6%
1988 - - 33.7% 61.3%
1987 - - 34.3% 60.6%
1986 - - 34.8% 58.9%
1985 - - 34.5% 55.4%
1984 - - 34.3% 50.6%
1983 - - 35.7% 48.9%
1982 - - 35.8% 45.9%
1981 - - 33.9% 41.1%
1980 - - 33.7% 41.9%
1979 - - 32% 41.2%
1978 - - 32.6% 42.5%
1977 - - 33.4% 43.6%
1976 - - 34.2% 44.8%
1975 - - 35.2% 44.6%
1974 - - 32.9% 41.4%
1973 - - 31.9% 42.6%
1972 - - 32.8% 45.4%
1971 - - 32.3% 47%
1970 - - 31.5% 46.4%
1969 - - 29.3% 45.9%
1968 - - 29.1% 48.5%
1967 - - 28.3% 50.4%
1966 - - 26.3% 50.6%
1965 - - 25.4% 53.7%
1964 - - 25.6% 56.7%
1963 - - 26% 58.8%
1962 - - 26% 60.2%
1961 - - 25.9% 62.3%
1960 - - 24.9% 61.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1996–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–2000, retrieved 2026-02-20).

GeoRank.org/economy/angola/united-states | CC BY

In 2024, Angola's government spending was $18.6B, accounting for 18.4% of its GDP, while the United States spent $10.9T, or 37.9% of GDP.

Debt-to-GDP ratio is 59.9% in Angola and 122.3% in the United States, ranking 78/185 and 12/185, respectively.

Government deficit by year

Deficit/surplus
Angola

United States
1x
Year Deficit/surplus, % of GDP
Angola United States
2024 -1.01% -8.03%
2023 -1.83% -7.8%
2022 0.58% -3.72%
2021 3.4% -11.4%
2020 -1.66% -14.1%
2019 0.69% -5.81%
2018 2.03% -5.33%
2017 -5.75% -4.79%
2016 -3.98% -4.36%
2015 -2.57% -3.53%
2014 -5.07% -4.03%
2013 -0.27% -4.56%
2012 3.68% -8.11%
2011 7.2% -9.72%
2010 2.98% -11%
2009 -6.8% -13.2%
2008 -3.8% -6.61%
2007 3.85% -2.91%
2006 8.42% -2.04%
2005 6.4% -3.07%
2004 1.03% -4.24%
2003 -4.1% -4.77%
2002 -2.24% -3.82%
2001 2.8% -0.54%
2000 2.02% 3.62%
1999 -8.1% 2.71%
1998 -5.1% 2.18%
1997 -0.23% 0.88%
1996 4.49% -0.46%
1995 - -1.7%
1994 - -2.05%
1993 - -3.35%
1992 - -3.98%
1991 - -2.72%
1990 - -1.64%
1989 - -0.8%
1988 - -1.06%
1987 - -1.53%
1986 - -2.81%
1985 - -2.63%
1984 - -2.97%
1983 - -4.26%
1982 - -3.78%
1981 - -1.58%
1980 - -2.17%
1979 - -0.79%
1978 - -1.7%
1977 - -2.57%
1976 - -3.63%
1975 - -5.4%
1974 - -1.27%
1973 - -0.86%
1972 - -1.86%
1971 - -2.63%
1970 - -1.21%
1969 - 2.11%
1968 - 1.23%
1967 - 0.47%
1966 - 2.07%
1965 - 2.38%
1964 - 2.18%
1963 - 2.87%
1962 - 2.32%
1961 - 2.28%
1960 - 3.2%
1959 - -9.06%
1958 - -8.68%
1957 - -6.72%
1956 - -6.02%
1955 - -7.4%
1954 - -5.55%
1953 - -5.76%
1952 - -5.41%
1951 - -6.93%
1950 - -8.22%
1949 - -7.94%
1948 - -4.16%
1947 - -3.99%
1946 - -6.45%
1945 - -14.1%
1944 - -13.4%
1943 - -19.3%
1942 - -16.3%
1941 - -10.2%
1940 - -9.73%
1939 - -11.9%
1938 - -10.4%
1937 - -9.22%
1936 - -12.1%
1935 - -13.3%
1934 - -14.9%
1933 - -14.3%
1932 - -12.7%
1931 - -9.76%
1930 - -5.46%
1929 - -4.58%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1929–2000, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1996–2024, retrieved 2026-02-20).

GeoRank.org/economy/angola/united-states | 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 States' deficit of $2.31T, or 8.03% of GDP.

Over the past 29 years, Angola recorded a fiscal deficit in 15 of those years, while the United States ran a deficit in 25 years. On average, Angola posted an annual deficit equal to 0.1% of GDP, compared to deficit of 4.78% of GDP for the United States.

Inflation comparison by year

Inflation
Angola

United States
1x
Year Consumer prices inflation
Angola United States
2024 28.2% 2.95%
2023 13.6% 4.12%
2022 21.4% 8%
2021 25.8% 4.7%
2020 22.3% 1.23%
2019 17.1% 1.81%
2018 19.6% 2.44%
2017 29.8% 2.13%
2016 30.7% 1.26%
2015 9.2% 0.12%
2014 7.3% 1.62%
2013 8.8% 1.46%
2012 10.3% 2.07%
2011 13.5% 3.16%
2010 14.5% 1.64%
2009 13.7% -0.36%
2008 12.5% 3.84%
2007 12.2% 2.85%
2006 13.3% 3.23%
2005 23% 3.39%
2004 43.5% 2.68%
2003 98.2% 2.27%
2002 108.9% 1.59%
2001 152.6% 2.83%
2000 325% 3.38%
1999 248.2% 2.19%
1998 107.4% 1.55%
1997 221.5% 2.34%

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/united-states | CC BY

Over the past 28 years, Angola has recorded an average annual inflation rate of 59%, compared with 2.52% in the United States. In 2024, inflation was 28.2% in Angola and 2.95% in the United States.

Top exports between countries

Angola
Export category Export value
Raw materials & minerals $910M
Machinery & equipment $710M
Metals $13M
Weapons & explosives $1.15M
Textiles & consumer goods $1.01M
Processed food, beverages & tobacco $1.01M
Chemicals & pharma $591K
Precious metals & jewellery $170K
Raw agricultural goods $153K
Wood & paper products $147K
United States
Export category Export value
Machinery & equipment $402M
Animal & marine products $137M
Chemicals & pharma $50.1M
Metals $33.9M
Textiles & consumer goods $16.9M
Raw materials & minerals $15.9M
Wood & paper products $13.2M
Miscellaneous $11.3M
Raw agricultural goods $1.01M
Processed food, beverages & tobacco $662K

Balance of trade

Angola United States
Current account balance
$6.31B
2024
-$1.19T
2024
Current account balance ranking
30/190
2024
190/190
2024
Current account balance, % of GDP
+6.25%
2024
-4.12%
2024
Goods imports
$14.2B
2024
$3.3T
2024
Goods exports
$36.8B
2024
$2.08T
2024
Service imports
$8.49B
2024
$841B
2024
Service exports
$129M
2024
$1.15T
2024
Imports of goods and services, % of GDP
19.4%
2024
14.3%
2024
Exports of goods and services, % of GDP
31.5%
2024
11.1%
2024

Economic freedom indices

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

Angola United States
Economic freedom 54.4 72.8
Economic freedom ranking 133/197 27/197
Property rights 36.9 91.6
Government integrity 28.3 77.1
Judicial effectiveness 26.3 76.4
Tax burden 86.9 75.3
Government spending 89.3 57.9
Fiscal health 91.9 18.5
Business freedom 42.8 88.6
Labor freedom 50.8 76.3
Monetary freedom 59 84.2
Trade freedom 70.4 67.6
Investment freedom 30 80
Financial freedom 40 80

Economic freedom comparison by year

Angola
United States
1x
Year Economic freedom index
Angola United States
2026 54.4 72.8
2025 55 70.2
2024 54.3 70.1
2023 53 70.6
2022 52.6 72.1
2021 54.2 74.8
2020 52.2 76.6
2019 50.6 76.8
2018 48.6 75.7
2017 48.5 75.1
2016 48.9 75.4
2015 47.9 76.2
2014 47.7 75.5
2013 47.3 76
2012 46.7 76.3
2011 46.2 77.8
2010 48.4 78
2009 47 80.7
2008 46.9 81
2007 44.7 81.2
2006 43.5 81.2
2005 - 79.9
2004 - 78.7
2003 - 78.2
2002 - 78.4
2001 - 79.1
2000 24.3 76.4
1999 23.7 75.5
1998 24.9 75.4
1997 24.2 75.6
1996 24.4 76.7
1995 27.4 76.7

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

GeoRank.org/economy/angola/united-states | CC BY

The Economic Freedom Index for Angola is 54.4, ranking 133/197, compared to 72.8 for the United States, ranking 27/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Angola United States
Services, % of GDP
41.1%
2024
79.7%
2024
Industry, % of GDP
34.6%
2024
17.3%
2024
Agriculture, forestry, and fishing, % of GDP
22.1%
2024
0.85%
2024
GNI, Atlas method
$108B
2024
$28.4T
2024
GNI per capita, PPP
$9,460
2024
$85,980
2024
Total reserves including gold
$14.2B
2024
$910B
2024
Total reserves ranking
69/177
2024
3/177
2024
Net foreign direct investment
$1.14B
2024
$25.1B
2024
Net inflows of foreign direct investment
-$1.11B
2024
$297B
2024
Net outflows of foreign direct investment
$33.1M
2024
$322B
2024
Servicing debt to the IMF, % of GNI
11.5%
2024
n/a
Poverty at national poverty lines
36.6%
2020
15.1%
2020
Gross capital formation, % of GDP
10.4%
2024
21.8%
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/united-states | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1929–2000, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1996–2024, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1960–2025, retrieved 2026-02-08)
  6. TradeMap (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.