Angola GDP Trends from 1980 to 2024: A overall increase with some decline Flow

Angola's GDP changed from approximately $6B 639M in 1980 to $92B 123M in 2024, showing an overall 1287.6% sharply increased during the period.
The lowest GDP was recorded in 1994 at $4B 965M, and the highest in 2014 at $145B 712M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 6.2%.
For comparison, the average annual growth rate of Nigeria was 4.2%, and that of South Africa was 3.3%.

Overview of Angola's GDP (1980–2024)

The Gross Domestic Product (GDP) of Angola recorded a 1287.6% sharply increased from 1980 to 2024.
The average GDP during this period was $47B 308M, and the median was $15B 286M.
GDP fluctuated within a range of $140B 747M, with a standard deviation of $46B 816M.
The average annual change was $2B 981M.


Angola GDP from 1980 to 2024

The total market value of goods and services produced annually in Angola.

Change Chart

    Highest and Lowest GDP Records

    • Lowest GDP: 1994, $4B 965M
    • Highest GDP: 2014, $145B 712M
    • Most Recent GDP: 2024, $92B 123M

    Notable Annual GDP Changes

    • 2022: Significant increase in GDP
    • 2015: Noticeable drop in GDP

    Overall pattern: overall increase with some decline


    Global Economic Events and Angola's GDP

    COVID-19 Pandemic (2020)

    • Period: From 2019 to 2020
    • GDP Change: $84B 516M → $57B 139M
    • Outcome: sharply declined

    2008 Global Financial Crisis

    • Period: From 2007 to 2009
    • GDP Change: $65B 266M → $70B 307M
    • Outcome: increased

    2001 Dot-com Bubble Burst

    • Period: From 2000 to 2001
    • GDP Change: $11B 166M → $10B 930M
    • Outcome: declined

    1998 Asian Financial Crisis

    • Period: From 1997 to 1998
    • GDP Change: $9B 388M → $7B 958M
    • Outcome: sharply declined

    Key Economic Indicators of Angola (1980–2024)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    1980
    $ 6B 639M
    $ 802.63
    $ 1,316.58
    $ 10B 890M
    2.406 %
    1.051 %
    17.70 %
    0 %
    8M 272K people
    1981
    $ 6B 214M
    $ 731.43
    $ 1,341.48
    $ 11B 396M
    -4.4 %
    -2.947 %
    15.11 %
    0 %
    8M 495K people
    1982
    $ 6B 214M
    $ 712.58
    $ 1,387.66
    $ 12B 101M
    0 %
    -7.958 %
    12.42 %
    0 %
    8M 720K people
    1983
    $ 6B 476M
    $ 723.65
    $ 1,464.23
    $ 13B 102M
    4.2 %
    -5.549 %
    11.46 %
    0 %
    8M 948K people
    1984
    $ 6B 864M
    $ 747.33
    $ 1,566.69
    $ 14B 390M
    6 %
    -2.488 %
    14.44 %
    0 %
    9M 185K people
    1985
    $ 8B 457M
    $ 817.07
    $ 1,484.49
    $ 15B 365M
    3.5 %
    2.306 %
    11.79 %
    0 %
    10M 350K people
    1986
    $ 7B 918M
    $ 743.74
    $ 1,515.01
    $ 16B 128M
    2.9 %
    -3.827 %
    5.41 %
    0 %
    10M 646K people
    1987
    $ 9B 50M
    $ 828.96
    $ 1,575.67
    $ 17B 203M
    4.083 %
    4.939 %
    14.15 %
    0 %
    10M 918K people
    1988
    $ 9B 818M
    $ 875.53
    $ 1,685.56
    $ 18B 901M
    6.129 %
    -4.777 %
    2.68 %
    0 %
    11M 214K people
    1989
    $ 11B 421M
    $ 991.29
    $ 1,705.61
    $ 19B 650M
    0.042 %
    -1.156 %
    9.09 %
    0 %
    11M 521K people
    1990
    $ 12B 571M
    $ 1,062.79
    $ 1,663.97
    $ 19B 683M
    -3.45 %
    -1.873 %
    32.40 %
    0 %
    11M 829K people
    1991
    $ 12B 186M
    $ 996.47
    $ 1,865.04
    $ 22B 807M
    12.084 %
    -4.756 %
    37.69 %
    0 %
    12M 229K people
    1992
    $ 9B 395M
    $ 743.75
    $ 2,057.13
    $ 25B 987M
    11.403 %
    -7.821 %
    42.41 %
    0 %
    12M 633K people
    1993
    $ 6B 819M
    $ 522.99
    $ 2,264.15
    $ 29B 521M
    10.969 %
    -9.804 %
    45.44 %
    0 %
    13M 38K people
    1994
    $ 4B 965M
    $ 368.84
    $ 2,475.12
    $ 33B 320M
    10.511 %
    -6.843 %
    47.82 %
    0 %
    13M 462K people
    1995
    $ 6B 197M
    $ 445.42
    $ 2,698.64
    $ 37B 544M
    10.364 %
    -4.761 %
    52.23 %
    0 %
    13M 912K people
    1996
    $ 7B 994M
    $ 555.75
    $ 2,955.95
    $ 42B 517M
    11.208 %
    40.863 %
    75.77 %
    15.015 %
    14M 383K people
    1997
    $ 9B 388M
    $ 631.28
    $ 3,119.85
    $ 46B 396M
    7.274 %
    -9.412 %
    39.51 %
    5.448 %
    14M 871K people
    1998
    $ 7B 958M
    $ 517.87
    $ 3,196.37
    $ 49B 118M
    4.691 %
    -23.462 %
    35.62 %
    0.227 %
    15M 367K people
    1999
    $ 7B 526M
    $ 474.19
    $ 3,207.15
    $ 50B 900M
    2.181 %
    -22.728 %
    36.32 %
    -3.257 %
    15M 871K people