Country · AGO
Angola · Finances and debt
Period
Source: IMF, World Economic Outlook (October 2026) · copied on 2026-11-11
Public finances and external accounts
A fiscal deficit of 4.1 % of GDP
Angola: in 2025, the general government spent 4.1 % of GDP more than it collected, public debt stood at 52.9 % of GDP, the current account showed a surplus of 0.3 % (IMF).
- Fiscal balance · 2025
- −4.1 %
- of GDP · −1.6 pt since 2020
- Public debt · 2025
- 52.9 %
- of GDP · −66.9 pt since 2020
- Current account · 2025
- +0.3 %
- of GDP · −1.0 pt since 2020
Fiscal balance, % of GDP
Negative: a deficit · dashed: estimates and projections
Chart data as a table
| Year | Angola | Southern Africa |
|---|---|---|
| 2015 | −2.6 % | −4.2 % |
| 2016 | −3.9 % | −4.0 % |
| 2017 | −5.7 % | −4.7 % |
| 2018 | +2.0 % | −3.1 % |
| 2019 | +0.3 % | −4.0 % |
| 2020 | −2.5 % | −7.9 % |
| 2021 | +0.9 % | −4.5 % |
| 2022 | +2.3 % | −2.9 % |
| 2023 | −2.4 % | −5.1 % |
| 2024 | −1.0 % | −4.4 % |
| 2025 · estimate | −4.1 % | −4.9 % |
| 2026 · projection | −4.7 % | −4.2 % |
| 2027 · projection | −4.6 % | −3.9 % |
| 2028 · projection | −4.5 % | −3.9 % |
| 2029 · projection | −4.9 % | −3.8 % |
| 2030 · projection | −4.7 % | −3.7 % |
- Angola
- Southern Africa
Source: IMF, World Economic Outlook (October 2026) · general government net lending or borrowing · group values weighted by GDP in dollars (Syli Atlas)
Current account, % of GDP
Trade, income and transfers with the rest of the world
Chart data as a table
| Year | Angola |
|---|---|
| 2015 | −7.8 % |
| 2016 | −2.6 % |
| 2017 | −0.4 % |
| 2018 | +6.4 % |
| 2019 | +5.4 % |
| 2020 | +1.3 % |
| 2021 | +10.1 % |
| 2022 | +8.5 % |
| 2023 | +3.7 % |
| 2024 | +5.3 % |
| 2025 · estimate | +0.3 % |
| 2026 · projection | +2.8 % |
| 2027 · projection | −0.1 % |
| 2028 · projection | −0.1 % |
| 2029 · projection | −0.1 % |
| 2030 · projection | −0.2 % |
Source: IMF, World Economic Outlook (October 2026)
Currency
Kwanza
The kwanza has no fixed peg: its value against the dollar and the euro moves with the market and the central bank's policy.
- Currency
- AOA
- kwanza
- Exchange regime
- —
- no fixed peg
- Inflation · 2025
- 20.2 %
- average annual change in consumer prices
Currency codes: ISO 4217 · fixed parities: central banks (BCEAO, BEAC, Central Bank of the Comoros, Bank of Cape Verde…) · inflation: IMF, World Economic Outlook (October 2026)
Debt
A debt owed first to banks and private lenders
At the end of 2025, Angola owed 49.8 bn$ in public external debt (World Bank). 4.1 % of it was owed to China, 13.6 % to multilateral institutions and 20.7 % to bond holders.
- Public debt · 2025
- 52.9 %
- of GDP · IMF
- External debt · 2025
- 63.7 bn$
- public and private · World Bank
- Public external debt · 2025
- 49.8 bn$
- owed or guaranteed by the State
- Debt service · 2024
- 26.2 %
- of exports of goods, services and income
Public external debt by creditor
Share of the total at the end of each year
- Multilateral (IMF, World Bank, AfDB…)
- 13.6 %
- China
- 4.1 %
- Other countries
- 3.2 %
- Bonds (Eurobonds)
- 20.7 %
- Banks and other private lenders
- 58.5 %
Source: World Bank, International Debt Statistics (updated 2026-11-05) · public and publicly guaranteed external debt, end of year · CC BY 4.0 · shares: Syli Atlas calculation