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Soldiers parade as Angola’s new president Joao Lourenco is sworn in as the country’s first new leader in 38 years in Luanda, Angola, September 26, 2017. REUTERS/Stephen Eisenhammer
Angola comes in second at $2.37billion, a significant drop from 2016. The drop has been attributed to government spending cuts. The drop in oil revenue could also be a factor in the drop.
The current expenditure is 2.96% of the GDP.
Angola has an external debt of $43.8 billion.
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