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Economy of Angola vs Zimbabwe compared: GDP & Debt

Updated on by Georank

Angola has a GDP of $122B compared to $51.2B for Zimbabwe, ranking 68/197 and 95/197 by economy size, respectively.

Angola has $62.7B in government debt (51.3% of GDP), compared to $22.4B (43.8% of GDP) in Zimbabwe.

Angola vs Zimbabwe GDP by year

Angola
Zimbabwe
1x
Year GDP, current $
Angola Zimbabwe
2025 $122,174,889,424 $51,215,643,906
2024 $103,080,538,044 $41,521,975,830
2023 $106,042,349,567 $35,871,781,303
2022 $128,233,959,333 $40,757,585,309
2021 $78,283,923,544 $41,287,852,524
2020 $58,512,033,806 $31,979,753,645
2019 $81,193,813,808 $33,360,632,553
2018 $90,506,061,877 $34,141,666,667
2017 $85,629,598,654 $51,035,657,371
2016 $60,770,049,747 $20,559,250,000
2015 $102,543,067,841 $19,973,250,000
2014 $153,449,860,496 $19,505,500,000
2013 $148,845,200,696 $19,100,750,000
2012 $143,572,907,528 $17,123,500,000
2011 $125,551,634,705 $14,109,000,000
2010 $95,546,919,754 $12,047,750,000
2009 $81,705,175,409 $9,670,750,000
2008 $98,790,432,989 $4,418,000,000
2007 $73,037,821,926 $5,294,750,000
2006 $58,653,659,980 $5,446,750,000
2005 $41,396,636,384 $5,758,250,000
2004 $26,997,977,896 $5,808,500,000
2003 $20,342,128,112 $5,730,500,000
2002 $17,311,512,433 $6,345,250,000
2001 $8,936,079,118 $6,780,750,000
2000 $9,129,594,970 $6,693,250,000
1999 $6,152,923,310 $6,861,500,000
1998 $6,506,221,616 $6,405,250,000
1997 $7,648,380,196 $8,534,000,000
1996 $7,526,421,519 $8,557,500,000
1995 $5,538,749,260 $7,115,000,000
1994 $4,438,321,017 $6,894,250,000
1993 $5,768,720,422 $6,567,250,000
1992 $8,307,810,974 $6,755,000,000
1991 $10,603,784,541 $8,646,000,000
1990 $11,229,515,599 $8,788,301,546
1989 $10,201,780,977 $8,290,553,535
1988 $8,769,836,769 $7,818,774,177
1987 $8,084,412,414 $6,744,657,033
1986 $7,072,536,109 $6,220,698,247
1985 $7,554,065,410 $5,640,137,575
1984 $6,131,475,065 $6,355,369,172
1983 $5,784,341,596 $7,768,031,182
1982 $5,550,483,036 $8,544,060,905
1981 $5,550,483,036 $8,015,464,252
1980 $5,930,503,401 $6,682,278,300
1979 - $5,180,102,910
1978 - $4,353,822,343
1977 - $4,366,610,469
1976 - $4,320,576,877
1975 - $4,373,532,601
1974 - $3,984,194,614
1973 - $3,311,043,292
1972 - $2,679,096,597
1971 - $2,179,828,710
1970 - $1,885,168,339
1969 - $1,748,891,294
1968 - $1,480,355,355
1967 - $1,397,715,282
1966 - $1,282,403,936
1965 - $1,312,105,394
1964 - $1,217,759,447
1963 - $1,160,103,724
1962 - $1,118,172,226
1961 - $1,097,206,526
1960 - $1,053,528,036

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

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

GDP per capita in Angola vs Zimbabwe by year

Angola
GDP per capita

GDP per capita, PPP
Zimbabwe
GDP per capita

GDP per capita, PPP
1x
Year Current $
Angola Zimbabwe
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $3,129 - $3,021 -
2024 $2,721 $10,119 $2,496 $5,928
2023 $2,886 $9,754 $2,195 $5,791
2022 $3,599 $9,588 $2,536 $5,396
2021 $2,267 $8,862 $2,614 $4,827
2020 $1,749 $7,827 $2,060 $4,179
2019 $2,508 $8,573 $2,185 $4,166
2018 $2,892 $8,278 $2,271 $3,993
2017 $2,832 $8,007 $3,445 $10,756
2016 $2,082 $7,767 $1,408 $4,275
2015 $3,642 $8,067 $1,387 $4,046
2014 $5,650 $9,018 $1,373 $3,903
2013 $5,689 $8,504 $1,363 $3,784
2012 $5,702 $8,246 $1,239 $3,472
2011 $5,184 $7,538 $1,038 $3,047
2010 $4,102 $7,412 $902 $2,661
2009 $3,645 $7,228 $736 $2,233
2008 $4,578 $7,316 $341 $1,987
2007 $3,515 $6,728 $414 $2,396
2006 $2,930 $6,018 $431 $2,454
2005 $2,146 $5,416 $461 $2,496
2004 $1,451 $4,771 $470 $2,591
2003 $1,134 $4,322 $468 $2,708
2002 $999 $4,241 $525 $3,238
2001 $534 $3,802 $566 $3,533
2000 $564 $3,690 $563 $3,429
1999 $393 $3,619 $582 $3,491
1998 $429 $3,609 $552 $3,527
1997 $522 $3,525 $751 $3,457
1996 $531 $3,342 $767 $3,372
1995 $404 $2,990 $648 $3,051
1994 $335 $2,633 $634 $3,012
1993 $450 $2,628 $605 $2,703
1992 $669 $3,486 $631 $2,651
1991 $882 $3,740 $831 $2,930
1990 $966 $3,705 $867 $2,757
1989 $908 - $840 -
1988 $807 - $816 -
1987 $770 - $726 -
1986 $698 - $693 -
1985 $772 - $649 -
1984 $650 - $757 -
1983 $637 - $959 -
1982 $634 - $1,096 -
1981 $658 - $1,069 -
1980 $729 - $949 -
1979 - - $779 -
1978 - - $665 -
1977 - - $677 -
1976 - - $687 -
1975 - - $717 -
1974 - - $674 -
1973 - - $579 -
1972 - - $483 -
1971 - - $406 -
1970 - - $361 -
1969 - - $346 -
1968 - - $302 -
1967 - - $294.4 -
1966 - - $278.7 -
1965 - - $294.3 -
1964 - - $281.9 -
1963 - - $277.1 -
1962 - - $275.7 -
1961 - - $279.2 -
1960 - - $276.6 -

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

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

Angola's GDP per capita is $3,129, ranking 142/197, compared to $3,021 in Zimbabwe, ranking 146/197. Adjusted for purchasing power (GDP per capita PPP), Angola ranks 133rd at $10,119, while Zimbabwe ranks 154th at $5,928.

Economic indicators

Angola Zimbabwe
Gross domestic product
$122B
2025
$51.2B
2025
GDP rank
68/197
2025
95/197
2025
GDP growth
3.13%
2024-2025
8.11%
2024-2025
GDP per capita
$3,129
2025
$3,021
2025
GDP per capita rank
142/197
2025
146/197
2025
GDP per capita, PPP
$10,119
2024
$5,928
2024
GDP per capita PPP rank
133/197
2024
154/197
2024
Government debt
$62.7B
2025
$22.4B
2025
Debt-to-GDP ratio
51.3%
2025
43.8%
2025
Government debt per person
$1,606
2025
$1,322
2025
Government debt per person rank
127/185
2025
134/185
2025
Average annual personal income after taxes
$2,550
2026
$2,800
2026
Market capitalization of domestic companies n/a
$2.46B
1999
Number of billionaires n/a
1
2026
Income share by richest 10%
39.6%
2018
40.5%
2019
Income share by poorest 10%
1.3%
2018
1.9%
2019
Government expenditure, % of GDP
18.9%
2025
15.5%
2025
Consumer prices inflation
20.2%
2024-2025
81.4%
2024-2025
Central bank interest rate
17.5%
2026
35%
2024
Unemployment rate
10.4%
2025
12.1%
2024
Population
40839390
17443108

Spending and national debt comparison by year

Angola
Spending

Debt
Zimbabwe
Spending

Debt
1x
Year % of GDP
Angola Zimbabwe
Government spending Government debt Government spending Government debt
2025 18.9% 51.3% 15.5% 43.8%
2024 19% 57.1% 13.7% 70.4%
2023 23.3% 75.7% 21.1% 76.1%
2022 24.8% 57.4% 12.1% 66.8%
2021 22.8% 75.5% 12.4% 39.9%
2020 24.4% 119.8% 8.4% 56.8%
2019 20.9% 100.8% 7.7% 53.9%
2018 17.8% 81.6% 14.6% 33%
2017 20.7% 59.6% 21.1% 49%
2016 19.1% 65.7% 17% 35.1%
2015 23.9% 50.4% 14.9% 34.1%
2014 32.3% 35.3% 14.2% 29.2%
2013 32.9% 29.5% 15.2% 26.4%
2012 33.2% 23.8% 14.8% 27.2%
2011 33.3% 26.3% 16.5% 30%
2010 34.6% 32.6% 13.1% 33.2%
2009 38.7% 48.4% 8.02% 39.7%
2008 47.2% 28.1% 2.57% 41.3%
2007 34.1% 18.8% 3.46% 30.2%
2006 27.3% 16.7% 5.79% 26.7%
2005 23.7% 29.9% 10.6% 22.4%
2004 26% 41.6% - -
2003 30.1% 50.8% - -
2002 27.6% 65.1% - -
2001 30.3% 100.2% - -
2000 35.8% 118.2% - -
1999 45.7% 104.8% - -
1998 30.3% 96.3% - -
1997 31.1% 73.5% - -
1996 29.3% 92% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1996–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1996–1999, retrieved 2026-07-08).

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

In 2025, Angola's government spending was $23B, accounting for 18.9% of its GDP, while Zimbabwe spent $7.92B, or 15.5% of GDP.

Debt-to-GDP ratio is 51.3% in Angola and 43.8% in Zimbabwe, ranking 103/185 and 120/185, respectively.

Government deficit by year

Deficit/surplus
Angola

Zimbabwe
1x
Year Deficit/surplus, % of GDP
Angola Zimbabwe
2025 -4.07% 0.08%
2024 -1.19% -0.76%
2023 -2.49% -9.45%
2022 1.78% -1%
2021 1.35% -1.83%
2020 -3.05% 0.53%
2019 -0.2% -0.06%
2018 2% -4.55%
2017 -5.68% -8.68%
2016 -3.93% -4.99%
2015 -2.58% -1.61%
2014 -5.08% -0.87%
2013 -0.28% -1.21%
2012 3.67% -0.35%
2011 7.17% -1.98%
2010 2.96% -0.4%
2009 -6.83% -1.48%
2008 -3.82% -1.22%
2007 3.81% -1.71%
2006 8.42% -1.46%
2005 6.4% -3.58%
2004 1.03% -
2003 -4.1% -
2002 -2.24% -
2001 2.8% -
2000 2.02% -
1999 -9.4% -
1998 -5.92% -
1997 -0.27% -
1996 5.22% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1996–2025, retrieved 2026-07-08).

GeoRank.org/economy/angola/zimbabwe | 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 Zimbabwe's surplus of $41.9M, or 0.08% of GDP.

Over the past 21 years, Angola recorded a fiscal deficit in 12 of those years, while Zimbabwe ran a deficit in 19 years. On average, Angola posted an annual deficit equal to 0.08% of GDP, compared to deficit of 2.22% of GDP for Zimbabwe.

Inflation comparison by year

Inflation
Angola

Zimbabwe
1x
Year Consumer prices inflation
Angola Zimbabwe
2025 20.2% 81.4%
2024 28.2% 736%
2023 13.6% 667%
2022 21.4% 193.4%
2021 25.8% 98.5%
2020 22.3% 557%
2019 17.1% 255.3%
2018 19.6% 10.6%
2017 29.8% 0.9%
2016 30.7% -1.6%
2015 9.2% -2.4%
2014 7.3% -0.2%
2013 8.8% 1.6%
2012 10.3% 3.7%
2011 13.5% 3.5%
2010 14.5% 3%
2009 13.7% 6.2%
2008 12.5% -
2007 12.2% -
2006 13.3% -
2005 23% -
2004 43.5% -
2003 98.2% -
2002 108.9% -
2001 152.6% -
2000 325% -
1999 248.2% -
1998 107.4% -
1997 221.5% -

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

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

Over the past 17 years, Angola has recorded an average annual inflation rate of 18%, compared with 153.8% in Zimbabwe. In 2025, inflation was 20.2% in Angola and 81.4% in Zimbabwe.

Top exports between countries

Angola
Export category Export value
Machinery & equipment $896K
Textiles & consumer goods $443K
Raw materials & minerals $91K
Chemicals & pharma $38K
Wood & paper products $4K
Metals $2K
Animal & marine products $1K
Processed food, beverages & tobacco $1K
Raw agricultural goods $1K
Zimbabwe
Export category Export value
Chemicals & pharma $126K
Processed food, beverages & tobacco $26K
Textiles & consumer goods $24K
Raw materials & minerals $18K
Metals $2K

Balance of trade

Angola Zimbabwe
Current account balance
$536M
2025
$501M
2024
Current account balance ranking
57/190
2025
59/190
2024
Current account balance, % of GDP
+0.44%
2025
+1.21%
2024
Goods imports
$15.5B
2025
$9.06B
2024
Goods exports
$30.6B
2025
$7.79B
2024
Service imports
$8.51B
2025
$1.66B
2024
Service exports
$118M
2025
$457M
2024
Imports of goods and services, % of GDP
11.7%
2025
23.4%
2024
Exports of goods and services, % of GDP
23%
2025
18.1%
2024

Economic freedom indices

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

Angola Zimbabwe
Economic freedom 54.4 35.2
Economic freedom ranking 133/197 190/197
Property rights 36.9 19.4
Government integrity 28.3 20.7
Judicial effectiveness 26.3 16.8
Tax burden 86.9 73.6
Government spending 89.3 93.9
Fiscal health 91.9 52.4
Business freedom 42.8 42
Labor freedom 50.8 33.3
Monetary freedom 59 0
Trade freedom 70.4 50.4
Investment freedom 30 10
Financial freedom 40 10

Economic freedom comparison by year

Angola
Zimbabwe
1x
Year Economic freedom index
Angola Zimbabwe
2026 54.4 35.2
2025 55 35.1
2024 54.3 38.2
2023 53 39
2022 52.6 33.1
2021 54.2 39.5
2020 52.2 43.1
2019 50.6 40.4
2018 48.6 44
2017 48.5 44
2016 48.9 38.2
2015 47.9 37.6
2014 47.7 35.5
2013 47.3 28.6
2012 46.7 26.3
2011 46.2 22.1
2010 48.4 21.4
2009 47 22.7
2008 46.9 29.5
2007 44.7 32
2006 43.5 33.5
2005 - 35.2
2004 - 34.4
2003 - 36.7
2002 - 36.7
2001 - 38.8
2000 24.3 48.7
1999 23.7 47.2
1998 24.9 44.6
1997 24.2 48
1996 24.4 46.7
1995 27.4 48.5

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

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

The Economic Freedom Index for Angola is 54.4, ranking 133/197, compared to 35.2 for Zimbabwe, ranking 190/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Angola Zimbabwe
Services, % of GDP
46.8%
2025
48.2%
2025
Industry, % of GDP
27.1%
2025
37.1%
2025
Agriculture, forestry, and fishing, % of GDP
25.2%
2025
9.47%
2025
GNI, Atlas method
$112B
2025
$45B
2025
GNI per capita, PPP
$9,840
2025
$6,390
2025
Total reserves including gold
$13.5B
2025
$485M
2024
Total reserves ranking
75/177
2025
159/177
2024
Net foreign direct investment
-$1.02B
2025
-$465M
2024
Net inflows of foreign direct investment
-$1.11B
2024
$465M
2024
Net outflows of foreign direct investment
$33.1M
2024
$131M
2024
Servicing debt to the IMF, % of GNI
11.3%
2024
3.44%
2024
Poverty at national poverty lines
36.6%
2020
38.3%
2019
Gross capital formation, % of GDP
10.6%
2024
8.85%
2024

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/zimbabwe | 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 (1996–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2020–2024, retrieved 2026-07-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1996–1999, 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.