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.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 |
