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Economy of Angola vs Uruguay compared: GDP & Debt

Updated on by Georank team

Angola has a GDP of $101B compared to $81B for Uruguay, ranking 71/197 and 81/197 by economy size, respectively.

Angola has $60.5B in government debt (59.9% of GDP), compared to $55.6B (68.7% of GDP) in Uruguay.

Angola vs Uruguay GDP by year

Angola
Uruguay
1x
Year GDP, current $
Angola Uruguay
2024 $100,998,916,781 $80,961,511,074
2023 $107,167,747,140 $77,991,666,838
2022 $131,212,208,930 $70,594,110,920
2021 $79,559,543,805 $60,739,084,241
2020 $58,852,456,454 $53,559,359,262
2019 $80,734,428,593 $62,222,313,619
2018 $89,512,794,227 $65,344,577,416
2017 $84,376,935,689 $65,005,997,963
2016 $59,878,249,719 $57,480,787,465
2015 $102,543,067,841 $57,680,327,999
2014 $153,449,860,496 $61,496,186,974
2013 $148,845,200,697 $61,337,621,934
2012 $143,572,907,528 $54,232,266,359
2011 $125,551,634,704 $50,342,406,067
2010 $95,546,919,755 $41,950,361,212
2009 $81,705,175,408 $32,708,319,078
2008 $98,790,432,989 $31,119,602,539
2007 $73,037,821,927 $23,797,773,024
2006 $58,653,659,980 $19,741,420,740
2005 $41,396,636,383 $17,362,857,684
2004 $26,997,977,897 $13,686,329,890
2003 $20,342,128,112 $12,045,638,352
2002 $17,311,512,432 $13,606,515,723
2001 $8,936,079,118 $20,898,761,742
2000 $9,129,594,970 $22,823,270,892
1999 $6,152,923,310 $23,983,945,191
1998 $6,506,221,616 $25,385,886,978
1997 $7,648,380,196 $23,969,739,234
1996 $7,526,421,519 $20,515,458,114
1995 $5,538,749,260 $19,297,663,097
1994 $4,438,321,017 $17,474,588,896
1993 $5,768,720,422 $15,002,136,971
1992 $8,307,810,974 $12,878,148,791
1991 $10,603,784,541 $11,206,176,651
1990 $11,229,515,599 $9,298,807,850
1989 $10,201,780,977 $8,438,951,476
1988 $8,769,836,769 $8,213,538,369
1987 $8,084,412,414 $7,367,494,080
1986 $7,072,536,109 $5,880,112,788
1985 $7,554,065,410 $4,732,017,873
1984 $6,131,475,065 $4,850,238,550
1983 $5,784,341,596 $5,102,276,308
1982 $5,550,483,036 $9,178,780,077
1981 $5,550,483,036 $11,048,301,421
1980 $5,930,503,401 $10,163,020,116
1979 - $7,181,182,224
1978 - $4,910,254,566
1977 - $4,114,670,014
1976 - $3,667,161,241
1975 - $3,538,278,047
1974 - $4,090,209,682
1973 - $3,964,296,443
1972 - $2,189,418,689
1971 - $2,807,258,065
1970 - $2,137,096,774
1969 - $2,004,435,484
1968 - $1,593,674,185
1967 - $1,597,713,469
1966 - $1,809,185,094
1965 - $1,890,767,156
1964 - $1,975,701,816
1963 - $1,539,681,491
1962 - $1,710,004,407
1961 - $1,547,388,781
1960 - $1,242,289,239

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

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

GDP per capita in Angola vs Uruguay by year

Angola
GDP per capita

GDP per capita, PPP
Uruguay
GDP per capita

GDP per capita, PPP
1x
Year Current $
Angola Uruguay
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,666 $10,119 $23,907 $36,418
2023 $2,916 $9,754 $23,019 $34,471
2022 $3,682 $9,588 $20,819 $33,001
2021 $2,304 $8,862 $17,882 $29,432
2020 $1,759 $7,827 $15,758 $25,725
2019 $2,494 $8,573 $18,316 $25,783
2018 $2,860 $8,278 $19,250 $24,386
2017 $2,791 $8,007 $19,185 $23,607
2016 $2,052 $7,767 $17,010 $22,841
2015 $3,642 $8,067 $17,126 $22,169
2014 $5,650 $9,018 $18,322 $21,868
2013 $5,689 $8,504 $18,335 $20,661
2012 $5,702 $8,246 $16,260 $19,495
2011 $5,184 $7,538 $15,132 $19,135
2010 $4,102 $7,412 $12,641 $17,873
2009 $3,645 $7,228 $9,881 $16,422
2008 $4,578 $7,316 $9,424 $15,694
2007 $3,515 $6,728 $7,222 $14,397
2006 $2,930 $6,018 $6,001 $13,179
2005 $2,146 $5,416 $5,284 $12,296
2004 $1,451 $4,771 $4,169 $11,103
2003 $1,134 $4,322 $3,671 $10,303
2002 $999 $4,241 $4,150 $10,030
2001 $534 $3,802 $6,383 $10,719
2000 $564 $3,690 $6,988 $10,929
1999 $393 $3,619 $7,371 $10,938
1998 $429 $3,609 $7,837 $11,002
1997 $522 $3,525 $7,436 $10,461
1996 $531 $3,342 $6,398 $9,524
1995 $404 $2,990 $6,050 $8,906
1994 $335 $2,633 $5,508 $8,897
1993 $450 $2,628 $4,753 $8,162
1992 $669 $3,486 $4,102 $7,808
1991 $882 $3,740 $3,589 $7,112
1990 $966 $3,705 $2,995 $6,683
1989 $908 - $2,734 -
1988 $807 - $2,677 -
1987 $770 - $2,416 -
1986 $698 - $1,939 -
1985 $772 - $1,568 -
1984 $650 - $1,615 -
1983 $637 - $1,707 -
1982 $634 - $3,085 -
1981 $658 - $3,728 -
1980 $729 - $3,443 -
1979 - - $2,443 -
1978 - - $1,678 -
1977 - - $1,414 -
1976 - - $1,268 -
1975 - - $1,232 -
1974 - - $1,433 -
1973 - - $1,397 -
1972 - - $776 -
1971 - - $1,000 -
1970 - - $766 -
1969 - - $723 -
1968 - - $579 -
1967 - - $585 -
1966 - - $668 -
1965 - - $705 -
1964 - - $745 -
1963 - - $587 -
1962 - - $659 -
1961 - - $604 -
1960 - - $491 -

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

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

Angola's GDP per capita is $2,666, ranking 144/197, compared to $23,907 in Uruguay, ranking 52/197. Adjusted for purchasing power (GDP per capita PPP), Angola ranks 133rd at $10,119, while Uruguay ranks 61st at $36,418.

Economic indicators

Angola Uruguay
Gross domestic product
$101B
2024
$81B
2024
GDP rank
71/197
2024
81/197
2024
GDP growth
4.42%
2023-2024
3.11%
2023-2024
GDP per capita
$2,666
2024
$23,907
2024
GDP per capita rank
144/197
2024
52/197
2024
GDP per capita, PPP
$10,119
2024
$36,418
2024
GDP per capita PPP rank
133/197
2024
61/197
2024
Government debt
$60.5B
2024
$55.6B
2024
Debt-to-GDP ratio
59.9%
2024
68.7%
2024
Government debt per person
$1,597
2024
$16,421
2024
Government debt per person rank
127/185
2024
38/185
2024
Average annual personal income after taxes
$28,080
2026
$12,433
2026
Market capitalization of domestic companies n/a
$284M
1996
Income share by richest 10%
39.6%
2018
30%
2024
Income share by poorest 10%
1.3%
2018
2.2%
2024
Government expenditure, % of GDP
18.4%
2024
31.1%
2024
Consumer prices inflation
28.2%
2023-2024
4.85%
2023-2024
Central bank interest rate
18%
2023
8.25%
2025
Unemployment rate
14.1%
2022
8.21%
2024
Population
40555924
3382789

Spending and national debt comparison by year

Angola
Spending

Debt
Uruguay
Spending

Debt
1x
Year % of GDP
Angola Uruguay
Government spending Government debt Government spending Government debt
2024 18.4% 59.9% 31.1% 68.7%
2023 18.8% 72.4% 30.5% 64%
2022 19.5% 56.1% 30% 59.9%
2021 17.3% 74.3% 30.2% 64.1%
2020 20% 119.1% 32.8% 68.2%
2019 18.2% 101.4% 30.6% 59.6%
2018 18.3% 82.5% 30.3% 57.9%
2017 21% 60.5% 29.7% 55.8%
2016 19.4% 66.7% 29.7% 56.4%
2015 23.9% 50.4% 28.4% 57.8%
2014 32.3% 35.3% 29.1% 51.1%
2013 32.9% 29.5% 28.8% 50%
2012 33.2% 23.8% 27.7% 49.8%
2011 33.3% 26.3% 26.3% 41.3%
2010 34.6% 32.6% 27.4% 40.9%
2009 38.7% 48.4% 27.2% 46.2%
2008 47.2% 28.1% 26.3% 46.2%
2007 34.1% 18.8% 26.8% 52.8%
2006 27.3% 16.7% 26.8% 61.1%
2005 23.7% 29.9% 26.3% 66.2%
2004 26% 41.6% 26.6% 73.7%
2003 30.1% 50.8% 27.7% 91.9%
2002 27.6% 65.1% 27.6% 90.1%
2001 30.3% 100.2% 27.8% 39.4%
2000 35.8% 118.2% 26.6% 30.5%
1999 39.4% 104.8% 27.2% 24.1%
1998 26.1% 96.3% 27.3% 19.4%
1997 26.8% 73.5% 27.6% 18.8%
1996 25.2% 92% 26.5% 18.3%
1995 - - 26.2% 18.5%
1994 - - 29.5% 19.3%
1993 - - 27.7% 20%
1992 - - 23.6% 22.2%
1991 - - 22.2% 20.4%
1990 - - 21.1% 26.2%
1989 - - 37% -
1988 - - 26% 34.8%
1987 - - 24.4% 37.3%
1986 - - 25.1% 34.6%
1985 - - 24.6% 29%
1984 - - 25.6% 39.5%
1983 - - 26.5% 21.2%
1982 - - 29.5% 13.5%
1981 - - 25% 4.32%
1980 - - 21.8% 4.59%
1979 - - 20.2% 3.98%
1978 - - 22.9% 5.64%
1977 - - 23.5% 7.26%
1976 - - 24.2% 8.67%
1975 - - 23% 8.13%
1974 - - 23.8% 7.61%
1973 - - 22.6% 7%
1972 - - 24.6% 9.12%
1971 - - 20.1% 9.3%
1970 - - 15.1% 6.11%
1969 - - 14.6% -
1968 - - 14.1% -
1967 - - 14.7% -
1966 - - 14.1% -
1965 - - 15.6% -
1964 - - 14.3% -
1963 - - 14.6% -
1962 - - 16% -
1961 - - 13% -
1960 - - 9.9% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1996–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

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

In 2024, Angola's government spending was $18.6B, accounting for 18.4% of its GDP, while Uruguay spent $25.2B, or 31.1% of GDP.

Debt-to-GDP ratio is 59.9% in Angola and 68.7% in Uruguay, ranking 78/185 and 59/185, respectively.

Government deficit by year

Deficit/surplus
Angola

Uruguay
1x
Year Deficit/surplus, % of GDP
Angola Uruguay
2024 -1.01% -3.22%
2023 -1.83% -3.13%
2022 0.58% -2.52%
2021 3.4% -2.61%
2020 -1.66% -4.64%
2019 0.69% -2.71%
2018 2.03% -1.89%
2017 -5.75% -2.51%
2016 -3.98% -2.68%
2015 -2.57% -1.86%
2014 -5.07% -2.6%
2013 -0.27% -1.72%
2012 3.68% -2.17%
2011 7.2% -0.33%
2010 2.98% -0.39%
2009 -6.8% -1.39%
2008 -3.8% -1.31%
2007 3.85% -0.16%
2006 8.42% -0.64%
2005 6.4% -0.28%
2004 1.03% -0.87%
2003 -4.1% -2.19%
2002 -2.24% -3.19%
2001 2.8% -2.85%
2000 2.02% -2.76%
1999 -8.1% -2.76%
1998 -5.1% -0.76%
1997 -0.23% -0.97%
1996 4.49% -1.32%
1995 - -1.08%
1994 - -2.37%
1993 - -0.47%
1992 - 0.6%
1991 - 0.88%
1990 - 0.49%
1989 - -13.1%
1988 - -1.47%
1987 - -0.66%
1986 - -0.34%
1985 - -1.88%
1984 - -4.94%
1983 - -3.54%
1982 - -8.22%
1981 - -1.15%
1980 - 0.43%
1979 - 0.99%
1978 - -0.47%
1977 - -0.69%
1976 - -2.01%
1975 - -4.38%
1974 - -3.74%
1973 - -1.09%
1972 - -2.25%
1971 - -5.86%
1970 - -1.33%
1969 - -2.37%
1968 - -2.93%
1967 - -4.12%
1966 - -2.01%
1965 - -5.14%
1964 - -3.61%
1963 - -4.4%
1962 - -5.02%
1961 - -0.86%
1960 - 0.79%
1959 - 0.64%
1958 - -1.38%
1957 - -0.72%
1956 - 0.04%
1955 - -1.24%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1996–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1955–1998, retrieved 2026-02-20).

GeoRank.org/economy/angola/uruguay | 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 Uruguay's deficit of $2.6B, or 3.22% of GDP.

Over the past 29 years, Angola recorded a fiscal deficit in 15 of those years, while Uruguay ran a deficit in 29 years. On average, Angola posted an annual deficit equal to 0.1% of GDP, compared to deficit of 1.95% of GDP for Uruguay.

Inflation comparison by year

Inflation
Angola

Uruguay
1x
Year Consumer prices inflation
Angola Uruguay
2024 28.2% 4.85%
2023 13.6% 5.87%
2022 21.4% 9.1%
2021 25.8% 7.75%
2020 22.3% 9.76%
2019 17.1% 7.88%
2018 19.6% 7.61%
2017 29.8% 6.22%
2016 30.7% 9.64%
2015 9.2% 8.67%
2014 7.3% 8.88%
2013 8.8% 8.58%
2012 10.3% 8.1%
2011 13.5% 8.09%
2010 14.5% 6.7%
2009 13.7% 7.06%
2008 12.5% 7.88%
2007 12.2% 8.11%
2006 13.3% 6.4%
2005 23% 4.7%
2004 43.5% 9.16%
2003 98.2% 19.4%
2002 108.9% 14%
2001 152.6% 4.36%
2000 325% 4.76%
1999 248.2% 5.66%
1998 107.4% 10.8%
1997 221.5% 19.8%

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/uruguay | CC BY

Over the past 28 years, Angola has recorded an average annual inflation rate of 59%, compared with 8.56% in Uruguay. In 2024, inflation was 28.2% in Angola and 4.85% in Uruguay.

Top exports between countries

Angola
Export category Export value
Raw materials & minerals $334M
Textiles & consumer goods $23K
Metals $16K
Chemicals & pharma $6K
Machinery & equipment $3K
Precious metals & jewellery $1K
Uruguay
Export category Export value
Animal & marine products $2.83M
Processed food, beverages & tobacco $196K
Chemicals & pharma $126K
Raw agricultural goods $117K
Textiles & consumer goods $6K

Balance of trade

Angola Uruguay
Current account balance
$6.31B
2024
-$633M
2024
Current account balance ranking
30/190
2024
111/190
2024
Current account balance, % of GDP
+6.25%
2024
-0.78%
2024
Goods imports
$14.2B
2024
$13B
2024
Goods exports
$36.8B
2024
$16.3B
2024
Service imports
$8.49B
2024
$6.22B
2024
Service exports
$129M
2024
$7.1B
2024
Imports of goods and services, % of GDP
19.4%
2024
23.7%
2024
Exports of goods and services, % of GDP
31.5%
2024
28.8%
2024

Economic freedom indices

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

Angola Uruguay
Economic freedom 54.4 69.8
Economic freedom ranking 133/197 39/197
Property rights 36.9 87.4
Government integrity 28.3 79
Judicial effectiveness 26.3 80.9
Tax burden 86.9 73.3
Government spending 89.3 72
Fiscal health 91.9 76.6
Business freedom 42.8 83.8
Labor freedom 50.8 61.7
Monetary freedom 59 70.2
Trade freedom 70.4 73.2
Investment freedom 30 50
Financial freedom 40 30

Economic freedom comparison by year

Angola
Uruguay
1x
Year Economic freedom index
Angola Uruguay
2026 54.4 69.8
2025 55 70.2
2024 54.3 69.8
2023 53 70.2
2022 52.6 70
2021 54.2 69.3
2020 52.2 69.1
2019 50.6 68.6
2018 48.6 69.2
2017 48.5 69.7
2016 48.9 68.8
2015 47.9 68.6
2014 47.7 69.3
2013 47.3 69.7
2012 46.7 69.9
2011 46.2 70
2010 48.4 69.8
2009 47 69.1
2008 46.9 67.9
2007 44.7 68.4
2006 43.5 65.3
2005 - 66.9
2004 - 66.7
2003 - 69.8
2002 - 68.7
2001 - 70.7
2000 24.3 69.3
1999 23.7 68.5
1998 24.9 68.6
1997 24.2 67.5
1996 24.4 63.7
1995 27.4 62.5

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

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

The Economic Freedom Index for Angola is 54.4, ranking 133/197, compared to 69.8 for Uruguay, ranking 39/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Angola Uruguay
Services, % of GDP
41.1%
2024
65.3%
2024
Industry, % of GDP
34.6%
2024
16.8%
2024
Agriculture, forestry, and fishing, % of GDP
22.1%
2024
6.42%
2024
GNI, Atlas method
$108B
2024
$73.3B
2024
GNI per capita, PPP
$9,460
2024
$34,170
2024
Total reserves including gold
$14.2B
2024
$17.4B
2024
Total reserves ranking
69/177
2024
66/177
2024
Net foreign direct investment
$1.14B
2024
$2.58B
2024
Net inflows of foreign direct investment
-$1.11B
2024
-$3.94B
2024
Net outflows of foreign direct investment
$33.1M
2024
-$1.37B
2024
Servicing debt to the IMF, % of GNI
11.5%
2024
n/a
Poverty at national poverty lines
36.6%
2020
17.3%
2024
Gross capital formation, % of GDP
10.4%
2024
15.6%
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/uruguay | 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 (1996–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1955–1999, 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 (2020–2024, 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.