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Economy of Angola vs Venezuela compared: GDP & Debt

Updated on by Georank

Angola has a GDP of $122B compared to $99.7B for Venezuela, ranking 68/197 and 78/197 by economy size, respectively.

Angola has $62.7B in government debt (51.3% of GDP), compared to $308B (309% of GDP) in Venezuela.

Angola vs Venezuela GDP by year

Angola
Venezuela
1x
Year GDP, current $
Angola Venezuela
2025 $122,174,889,424 $99,661,244,156
2024 $103,080,538,044 $120,566,112,397
2023 $106,042,349,567 $102,377,501,186
2022 $128,233,959,333 $89,013,251,021
2021 $78,283,923,544 $56,615,026,263
2020 $58,512,033,806 $42,837,965,907
2019 $81,193,813,808 $73,014,157,108
2018 $90,506,061,877 $101,987,075,929
2017 $85,629,598,654 $115,892,475,743
2016 $60,770,049,747 $112,948,035,495
2015 $102,543,067,841 $125,249,941,854
2014 $153,449,860,496 $214,838,755,022
2013 $148,845,200,696 $258,512,396,298
2012 $143,572,907,528 $371,846,610,182
2011 $125,551,634,705 $316,482,190,800
2010 $95,546,919,754 $393,192,354,511
2009 $81,705,175,409 $329,787,628,928
2008 $98,790,432,989 $315,953,388,511
2007 $73,037,821,926 $230,364,012,576
2006 $58,653,659,980 $183,477,522,124
2005 $41,396,636,384 $145,513,489,652
2004 $26,997,977,896 $112,451,400,425
2003 $20,342,128,112 $83,620,628,582
2002 $17,311,512,433 $92,893,587,734
2001 $8,936,079,118 $122,911,036,747
2000 $9,129,594,970 $117,146,466,003
1999 $6,152,923,310 $97,972,842,462
1998 $6,506,221,616 $91,336,763,255
1997 $7,648,380,196 $85,837,678,560
1996 $7,526,421,519 $70,543,211,119
1995 $5,538,749,260 $77,389,487,770
1994 $4,438,321,017 $58,418,666,667
1993 $5,768,720,422 $60,037,460,783
1992 $8,307,810,974 $60,416,519,620
1991 $10,603,784,541 $53,453,444,787
1990 $11,229,515,599 $48,606,952,195
1989 $10,201,780,977 $43,536,709,104
1988 $8,769,836,769 $60,226,413,793
1987 $8,084,412,414 $48,029,034,483
1986 $7,072,536,109 $60,516,123,711
1985 $7,554,065,410 $61,965,466,667
1984 $6,131,475,065 $59,867,743,468
1983 $5,784,341,596 $67,556,279,070
1982 $5,550,483,036 $67,736,744,186
1981 $5,550,483,036 $66,327,441,860
1980 $5,930,503,401 $59,116,511,628
1979 - $48,310,930,233
1978 - $39,316,279,070
1977 - $36,210,697,674
1976 - $31,419,534,884
1975 - $27,464,651,163
1974 - $26,100,930,233
1973 - $17,035,581,395
1972 - $13,977,727,273
1971 - $12,986,590,909
1970 - $11,561,111,111
1969 - $10,285,111,111
1968 - $10,034,444,444
1967 - $9,250,000,000
1966 - $8,781,333,333
1965 - $8,427,777,778
1964 - $8,192,413,793
1963 - $9,608,717,288
1962 - $8,814,309,884
1961 - $8,067,267,031
1960 - $7,663,938,303

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Angola vs Venezuela by year

Angola
GDP per capita

GDP per capita, PPP
Venezuela
GDP per capita

GDP per capita, PPP
1x
Year Current $
Angola Venezuela
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $3,129 - $3,495 -
2024 $2,721 $10,119 $4,244 -
2023 $2,886 $9,754 $3,617 -
2022 $3,599 $9,588 $3,155 -
2021 $2,267 $8,862 $2,005 -
2020 $1,749 $7,827 $1,506 -
2019 $2,508 $8,573 $2,523 -
2018 $2,892 $8,278 $3,422 -
2017 $2,832 $8,007 $3,792 -
2016 $2,082 $7,767 $3,671 -
2015 $3,642 $8,067 $4,097 -
2014 $5,650 $9,018 $7,101 -
2013 $5,689 $8,504 $8,642 -
2012 $5,702 $8,246 $12,582 -
2011 $5,184 $7,538 $10,844 $21,241
2010 $4,102 $7,412 $13,646 $20,236
2009 $3,645 $7,228 $11,597 $20,562
2008 $4,578 $7,316 $11,262 $21,402
2007 $3,515 $6,728 $8,332 $20,236
2006 $2,930 $6,018 $6,739 $18,399
2005 $2,146 $5,416 $5,432 $16,511
2004 $1,451 $4,771 $4,269 $14,757
2003 $1,134 $4,322 $3,230 $12,359
2002 $999 $4,241 $3,652 $13,375
2001 $534 $3,802 $4,920 $14,714
2000 $564 $3,690 $4,776 $14,174
1999 $393 $3,619 $4,071 $13,623
1998 $429 $3,609 $3,870 $14,568
1997 $522 $3,525 $3,711 $14,655
1996 $531 $3,342 $3,113 $13,824
1995 $404 $2,990 $3,487 $13,890
1994 $335 $2,633 $2,689 $13,370
1993 $450 $2,628 $2,825 $13,702
1992 $669 $3,486 $2,907 $13,652
1991 $882 $3,740 $2,633 $12,880
1990 $966 $3,705 $2,452 $11,628
1989 $908 - $2,250 -
1988 $807 - $3,191 -
1987 $770 - $2,611 -
1986 $698 - $3,376 -
1985 $772 - $3,549 -
1984 $650 - $3,520 -
1983 $637 - $4,079 -
1982 $634 - $4,202 -
1981 $658 - $4,228 -
1980 $729 - $3,874 -
1979 - - $3,257 -
1978 - - $2,727 -
1977 - - $2,585 -
1976 - - $2,309 -
1975 - - $2,078 -
1974 - - $2,034 -
1973 - - $1,367 -
1972 - - $1,155 -
1971 - - $1,106 -
1970 - - $1,015 -
1969 - - $932 -
1968 - - $938 -
1967 - - $893 -
1966 - - $876 -
1965 - - $869 -
1964 - - $874 -
1963 - - $1,060 -
1962 - - $1,007 -
1961 - - $954 -
1960 - - $939 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Angola's GDP per capita is $3,129, ranking 142/197, compared to $3,495 in Venezuela, ranking 138/197. Adjusted for purchasing power (GDP per capita PPP), Angola ranks 133rd at $10,119, while Venezuela ranks 93rd at $21,241.

Economic indicators

Angola Venezuela
Gross domestic product
$122B
2025
$99.7B
2025
GDP rank
68/197
2025
78/197
2025
GDP growth
3.13%
2024-2025
1.57%
2024-2025
GDP per capita
$3,129
2025
$3,495
2025
GDP per capita rank
142/197
2025
138/197
2025
GDP per capita, PPP
$10,119
2024
$21,241
2011
GDP per capita PPP rank
133/197
2024
93/197
2011
Government debt
$62.7B
2025
$308B
2025
Debt-to-GDP ratio
51.3%
2025
309%
2025
Government debt per person
$1,606
2025
$10,790
2025
Government debt per person rank
127/185
2025
58/185
2025
Average annual personal income after taxes
$2,550
2026
$2,659
2026
Market capitalization of domestic companies n/a
$3.98B
2002
Number of billionaires n/a
1
2026
Income share by richest 10%
39.6%
2018
33.2%
2006
Income share by poorest 10%
1.3%
2018
1.2%
2006
Government expenditure, % of GDP
18.9%
2025
20.3%
2025
Consumer prices inflation
20.2%
2024-2025
252%
2024-2025
Central bank interest rate
17.5%
2026
58.9%
2026
Unemployment rate
10.4%
2025
7.53%
2020
Population
40839390
28692435

Spending and national debt comparison by year

Angola
Spending

Debt
Venezuela
Spending

Debt
1x
Year % of GDP
Angola Venezuela
Government spending Government debt Government spending Government debt
2025 18.9% 51.3% 20.3% 309%
2024 19% 57.1% 17.5% 169.1%
2023 23.3% 75.7% 13.1% 138.5%
2022 24.8% 57.4% 15.1% 164.4%
2021 22.8% 75.5% 13.1% 254.2%
2020 24.4% 119.8% 11.2% 337%
2019 20.9% 100.8% 21% 206%
2018 17.8% 81.6% 37.9% 175.3%
2017 20.7% 59.6% 21.8% 133.6%
2016 19.1% 65.7% 19.7% 138.4%
2015 23.9% 50.4% 22.9% 129.8%
2014 32.3% 35.3% 31.6% 84.9%
2013 32.9% 29.5% 36.5% 85.4%
2012 33.2% 23.8% 38% 58.4%
2011 33.3% 26.3% 39.4% 52.5%
2010 34.6% 32.6% 31.1% 37.7%
2009 38.7% 48.4% 33.3% 27.6%
2008 47.2% 28.1% 34.9% 20.3%
2007 34.1% 18.8% 35.9% 26.4%
2006 27.3% 16.7% 39.3% 25.7%
2005 23.7% 29.9% 33.5% 34.9%
2004 26% 41.6% 31.9% 41.8%
2003 30.1% 50.8% 32.2% 56%
2002 27.6% 65.1% 31% 48.2%
2001 30.3% 100.2% 31.9% 30.7%
2000 35.8% 118.2% 28.3% 27.7%
1999 45.7% 104.8% 26.1% 29.6%
1998 30.3% 96.3% 28.8% 30.7%
1997 31.1% 73.5% 31% 34.8%
1996 29.3% 92% 27.7% 45.9%
1995 - - 32.9% 45.9%
1994 - - 42.2% 63.9%
1993 - - 27.7% 57.7%
1992 - - 30.6% 54.8%
1991 - - 33.9% 62.2%
1990 - - 31.9% 63.3%
1989 - - 32.5% 61.8%
1988 - - 33.2% 46.3%
1987 - - 25.1% 58.3%
1986 - - 21.5% 45.9%
1985 - - 20.3% 34.1%
1984 - - 19.7% 36.4%
1983 - - 25.3% 21.4%
1982 - - 29% 18.6%
1981 - - 29.6% 18.9%
1980 - - 22% 16.6%
1979 - - 22.3% 19.2%
1978 - - 29.2% 16.6%
1977 - - 30.6% 12.7%
1976 - - 26.6% 9.64%
1975 - - 33.8% 8.31%
1974 - - 35.3% 7.72%
1973 - - 20% 9.78%
1972 - - 21.3% 10.6%
1971 - - 19.6% 9.64%
1970 - - 19.5% 10.6%
1969 - - 21% 9.91%
1968 - - 19.8% 7.84%
1967 - - 19.8% 6.74%
1966 - - 19.1% 5.84%
1965 - - 18.7% 5.46%
1964 - - 17.9% 4.95%
1963 - - 18.7% 6.3%
1962 - - 17.6% 7.24%
1961 - - 11.8% 8.79%
1960 - - 23.7% 8.28%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08).

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

In 2025, Angola's government spending was $23B, accounting for 18.9% of its GDP, while Venezuela spent $20.2B, or 20.3% of GDP.

Debt-to-GDP ratio is 51.3% in Angola and 309% in Venezuela, ranking 103/185 and 1/185, respectively.

Government deficit by year

Deficit/surplus
Angola

Venezuela
1x
Year Deficit/surplus, % of GDP
Angola Venezuela
2025 -4.07% -5.84%
2024 -1.19% -3.67%
2023 -2.49% -1.25%
2022 1.78% -5.29%
2021 1.35% -5.85%
2020 -3.05% -6.63%
2019 -0.2% -10.9%
2018 2% -31%
2017 -5.68% -13.3%
2016 -3.93% -8.46%
2015 -2.58% -8.06%
2014 -5.08% -9.81%
2013 -0.28% -10.4%
2012 3.67% -9.86%
2011 7.17% -8.24%
2010 2.96% -4.74%
2009 -6.83% -8.69%
2008 -3.82% -3.46%
2007 3.81% -2.82%
2006 8.42% -1.6%
2005 6.4% 4.09%
2004 1.03% 2.47%
2003 -4.1% 0.17%
2002 -2.24% -1.48%
2001 2.8% -4.59%
2000 2.02% 4.45%
1999 -9.4% 0.74%
1998 -5.92% -4.49%
1997 -0.27% 2.58%
1996 5.22% 7.94%
1995 - -5.86%
1994 - -11.2%
1993 - -2.92%
1992 - -6.37%
1991 - -2.28%
1990 - 3.84%
1989 - -0.91%
1988 - -9.24%
1987 - -7.47%
1986 - 0.82%
1985 - 6.97%
1984 - 5.33%
1983 - 1.24%
1982 - -0.17%
1981 - 4.74%
1980 - 4.41%
1979 - -3.07%
1978 - -5.44%
1977 - -4.69%
1976 - 1.65%
1975 - 0.88%
1974 - 2.76%
1973 - 1.98%
1972 - 0.42%
1971 - 0.78%
1970 - -1.22%
1969 - -2.17%
1968 - -0.32%
1967 - 0.51%
1966 - 0.23%
1965 - 0.39%
1964 - 1.91%
1963 - 1.92%
1962 - 2.14%
1961 - -1.91%
1960 - -4.08%
1959 - -4.98%
1958 - -4.86%
1957 - 6.7%
1956 - 0.76%
1955 - 0.38%
1954 - 1.84%
1953 - 0.03%
1952 - -0.5%
1951 - -0.24%
1950 - -0.23%
1949 - 0.15%
1948 - 1.27%
1947 - 0.09%
1946 - -0.9%
1945 - 2.9%
1944 - 1.85%
1943 - -0.27%
1942 - 0.2%
1941 - 0.01%
1940 - -1.07%
1939 - -0.78%
1938 - 0.68%
1937 - 0.73%
1936 - -0.52%
1935 - -2.23%
1934 - 1.34%
1933 - 1.03%
1932 - 0.51%
1931 - 1.02%
1930 - -2.03%
1929 - -0.34%
1928 - -0.68%
1927 - 1.55%
1926 - 0.14%
1925 - 0.54%
1924 - 0.37%
1923 - 1.32%
1922 - 1.57%
1921 - -0.97%
1920 - -1.75%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1920–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Angola's government deficit, the difference between spending and revenue, was $4.97B, equivalent to 4.07% of GDP. This compares to Venezuela's deficit of $5.82B, or 5.84% of GDP.

Over the past 30 years, Angola recorded a fiscal deficit in 17 of those years, while Venezuela ran a deficit in 23 years. On average, Angola posted an annual deficit equal to 0.42% of GDP, compared to deficit of 4.93% of GDP for Venezuela.

Inflation comparison by year

Inflation
Angola

Venezuela
1x
Year Consumer prices inflation
Angola Venezuela
2025 20.2% 252%
2024 28.2% 49.4%
2023 13.6% 338%
2022 21.4% 186.5%
2021 25.8% 1,589%
2020 22.3% 2,355%
2019 17.1% 19,906%
2018 19.6% 65,374%
2017 29.8% 438%
2016 30.7% 254.9%
2015 9.2% 121.7%
2014 7.3% 62.2%
2013 8.8% 40.6%
2012 10.3% 21.1%
2011 13.5% 26.1%
2010 14.5% 28.2%
2009 13.7% 26%
2008 12.5% 31.4%
2007 12.2% 18.7%
2006 13.3% 13.7%
2005 23% 16%
2004 43.5% 21.7%
2003 98.2% 31.1%
2002 108.9% 22.4%
2001 152.6% 12.5%
2000 325% 16.2%
1999 248.2% 23.6%
1998 107.4% 35.8%
1997 221.5% 50%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Angola has recorded an average annual inflation rate of 57.7%, compared with 3,150% in Venezuela. In 2025, inflation was 20.2% in Angola and 252% in Venezuela.

Top exports between countries

Angola
Export category Export value
Wood & paper products $124K
Textiles & consumer goods $24K
Chemicals & pharma $18K
Machinery & equipment $14K
Processed food, beverages & tobacco $14K
Raw materials & minerals $10K
Metals $2K
Miscellaneous $2K
Raw agricultural goods $2K
Venezuela
Export category Export value
Machinery & equipment $37K
Metals $23K

Balance of trade

Angola Venezuela
Current account balance
$536M
2025
-$3.87B
2016
Current account balance ranking
57/190
2025
155/190
2016
Current account balance, % of GDP
+0.44%
2025
-3.43%
2016
Goods imports
$15.5B
2025
$16.3B
2016
Goods exports
$30.6B
2025
$27.4B
2016
Service imports
$8.51B
2025
$9.47B
2016
Service exports
$118M
2025
$1.28B
2016
Imports of goods and services, % of GDP
11.7%
2025
10.1%
2025
Exports of goods and services, % of GDP
23%
2025
14.9%
2025

Economic freedom indices

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

Angola Venezuela
Economic freedom 54.4 27.3
Economic freedom ranking 133/197 194/197
Property rights 36.9 0
Government integrity 28.3 6.9
Judicial effectiveness 26.3 5.1
Tax burden 86.9 73.4
Government spending 89.3 93
Fiscal health 91.9 29.1
Business freedom 42.8 31.1
Labor freedom 50.8 35.5
Monetary freedom 59 0
Trade freedom 70.4 43.2
Investment freedom 30 0
Financial freedom 40 10

Economic freedom comparison by year

Angola
Venezuela
1x
Year Economic freedom index
Angola Venezuela
2026 54.4 27.3
2025 55 27.6
2024 54.3 28.1
2023 53 25.8
2022 52.6 24.8
2021 54.2 24.7
2020 52.2 25.2
2019 50.6 25.9
2018 48.6 25.2
2017 48.5 27
2016 48.9 33.7
2015 47.9 34.3
2014 47.7 36.3
2013 47.3 36.1
2012 46.7 38.1
2011 46.2 37.6
2010 48.4 37.1
2009 47 39.9
2008 46.9 44.7
2007 44.7 47.9
2006 43.5 44.6
2005 - 45.2
2004 - 46.7
2003 - 54.8
2002 - 54.7
2001 - 54.6
2000 24.3 57.4
1999 23.7 56.1
1998 24.9 54
1997 24.2 52.8
1996 24.4 54.5
1995 27.4 59.8

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Angola is 54.4, ranking 133/197, compared to 27.3 for Venezuela, ranking 194/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Angola Venezuela
Services, % of GDP
46.8%
2025
51.7%
2014
Industry, % of GDP
27.1%
2025
37.2%
2014
Agriculture, forestry, and fishing, % of GDP
25.2%
2025
5.03%
2014
GNI, Atlas method
$112B
2025
$110B
2025
GNI per capita, PPP
$9,840
2025
$20,840
2011
Total reserves including gold
$13.5B
2025
$9.79B
2017
Total reserves ranking
75/177
2025
80/177
2017
Net foreign direct investment
-$1.02B
2025
-$27M
2016
Net inflows of foreign direct investment
-$1.11B
2024
$1.63B
2024
Net outflows of foreign direct investment
$33.1M
2024
$2.6B
2024
Servicing debt to the IMF, % of GNI
11.3%
2024
n/a
Poverty at national poverty lines
36.6%
2020
33.1%
2015
Gross capital formation, % of GDP
10.6%
2024
5.93%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1920–1999, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2013–2024, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-07-08)

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.