Angola

Angola: Major Oil Producer, Weak Governance Scores, Low Per-Capita Income

Angola's economy was valued at $101.0 billion in 2024, with per-capita output of $2,665.87 and a population of about 37.89 million, per World Bank WDI figures — the lowest per-capita income figure in this batch.

Fiscal Position

The IMF's World Economic Outlook puts Angolan government debt at 51.6 percent of GDP for 2026. Foreign reserves stood at $13.33 billion in 2025, per IMF IFS data.

Military Spending

SIPRI's 2025 figures put Angolan military expenditure at $1.46 billion, or 1.397 percent of GDP under SIPRI's own GDP series. That ratio should not be recomputed against the World Bank's $101.0 billion GDP figure above. Active personnel numbered 107,000 in 2022, per COW NMC, which scores Angola's CINC at 0.00293 for that year.

Governance

V-Dem's 2025 data scores Angola at 0.344 on electoral democracy and 0.163 on liberal democracy — both among the lowest readings in this batch — with a state capacity score of 0.381, also low relative to the other countries assessed here.

Energy

Angola's primary energy consumption was 0.3546 exajoules, dated 2023 rather than 2024 as with most other countries in this batch. Electricity generation reached 15.59 terawatt-hours in 2024, per Our World in Data. Domestic oil production was 667.383 terawatt-hours in 2024 — by far the largest hydrocarbon output figure in this batch, consistent with Angola's position as an oil-exporting economy. Gas production is listed at 18.579 terawatt-hours but dated 2016, eight years out of step with the 2024 oil-production figure alongside it; the two should not be read as a current combined energy-production snapshot.

Military Capability Context

COW NMC's CINC score of 0.00293 for Angola in 2022 reflects a composite index of military, demographic and industrial indicators, a separate methodology from SIPRI's spending data and not a direct extension of the $1.46 billion milex figure above.

Data Gaps

The primary-energy figure is a year older than the comparable 2024 figures used for other countries in this batch, and the gas-production figure is roughly a decade stale and inconsistent in vintage with the oil-production figure it sits beside. No other core metrics are missing for Angola in this dataset.

Sources: World Bank WDI, IMF WEO, IMF IFS, SIPRI Milex, COW NMC, V-Dem v15, Our World in Data (Energy)