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%.
Angola GDP from 1980 to 2024
The total market value of goods and services produced annually in Angola.
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.
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)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
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 |