Angola


Angola Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Angola; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION
Central bankN/A
International ReservesUS$ 19.749 billion (Source: World Bank; Data updated: November 2010)
Gross Domestic Product - GDPUS$ 110.06 billion (2009 estimate)
GDP (Purchasing Power Parity)116.896 billion of International dollars (2009 estimate)
Real GDP growth
20002001200220032004200520062007
3%3.1%14.5%3.3%11.2%20.6%18.6%20.3%
2008200920102011*
13.3%2.4%1.6%7.8%

*Estimate

GDP per capita - current pricesUS$ 5,608 (2000 estimate)
GDP per capita - PPP$5,957 International Dollars (2000 estimate)
GDP (PPP) - share of world total
19801990200020102015**
0.12%0.11%0.08%0.15%0.17%

**Forecast

GDP - composition by sector
  • agriculture: 9.6% 
  • industry: 65.8% 
  • services: 24.6% (2008 estimate)

    • (Data released on November 2010)

Gross domestic expenditure on R&D (% of GDP)N/A

(Data released on November 2010)

Inflation
2008200920102011*
12.5%(2008)13.7%0.15%14.6%

*Estimate

Unemployment rate
2008200920102011*
N/AN/AN/A(2009)N/A

*Estimate

Household saving ratesN/A

(Data released on November 2010)

Public debt (General government gross debt as a % of GDP)
20072008200920102011*
24.7%32.9%34.8%31.4%26%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2007200820092010*2011**
11.3%8.9%-8.6%2.7%3.3%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: B+/Stable/B

Moody's rating: B1

Moody's outlook: POS

(Foreign Currency Government Bond Ratings; Data last updated Nov 2010)

Market value of publicly traded shares
200720082009
N/AN/AN/A
Largest companies in AngolaN/A
DATA ON TRADE AND COMPETITIVENESS
Current account balanceUS$ 6.8 billion (2009 estimate)(After 2008)
Current account balance by percentage of GDP6.2% of GDP (2009 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

49.7% (2009)

(Data released on December 2010)

Shares in world total merchandising export0.35%(2007)

(Data were released in Nov 2011 and refer to 2010)

Shares in world total commercial services export0.02%(2007)

(Data were released in Nov 2011 and refer to 2010)

Total exportsUS$51.65 billion f.o.b. (2010 estimate)
Export commoditiescrude oil, diamonds, refined petroleum products, gas, coffee, sisal, fish and fish products
Total importsUS$15.25 billion f.o.b. (2008 estimate)
Import commoditiesmachinery and electrical equipment, vehicles and spare parts; medicines, food, textiles, military goods
Exports - major partnersUS 32.1%, China 32%, France 5.9%, Taiwan 5.3%, South Africa 4.5% (2007)
Imports - major partnersPortugal 19.7%, US 10.9%, China 10.5%, Brazil 10.3%, South Africa 6.6%, France 6.3%, UK 4.6%, Germany 4.3% (2007)
FDI inflows
200820092010
US$16,581 millionUS$11,672 million(2009)US$9,942 million(2009)
FDI outflows
200820092010
US$2,570 millionUS$8 millionUS$1,163 million
Value of cross-border M&A, by country of purchaser
2008200920102011
N/AN/A(2009)N/A(2009)N/A
Cross-border M&A deals worth over $3 billion completed in 2008

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 – 183. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 163 out of 183 countries(2009) (2010)

Subcategories:

Starting a business: 164 out of 183 countries(2009)

Registering property: 174 out of 183 countries

Paying Taxes: 142 out of 183 countries

Getting credit: 116 out of 183 countries

Protecting investors: 59 out of 183 countries

Trading across border: 166 out of 183 countries

Enforcing Contracts: 181 out of 183 countries

(2010)

Global competitiveness ranking
(ranking by country on a basis of 142, the first is the best)		139

(2011/2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 161 Score: 46.2 (Repressed) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zoneUTC+1
Total area 1,246,700 km2 (2006)
CapitalLuanda (2009)
Currencykwanza (AOA) (2009)
Government typerepublic; multiparty presidential regime (2009)
LanguagesPortuguese (official), Bantu and other African languages
Religionsindigenous beliefs 47%, Roman Catholic 38%, Protestant 15% (1998 estimate)
Total population
1980199020002010*2015**
6.99 million10 million13.34 million17.83 million20.67 million

*Estimate    **Forecast

Urban population as % of total population
1960198020002009
10.4%24.3%49%57.6%
Population median age17.0 years (2006)
Population growth rate2.6% (2009)
Life expectancy42 years (2007)
Adult literacy67% (2000/2007)
% of population living on less than $2 a day70.21% (2011)
Inequality of wealth distribution (Gini index)

58.6 (2000)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:6
Civil Liberties:5 (2010)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

48.28% (2010)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population10% (Data were released in 2011 and refer to 2010)
Cost of living index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Luanda: 1st (2011)

CO2 emissions
(Metric tons of CO2 per capita)

1.3524 (2008)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST FOREIGN EXCHANGE BANKS

2010:
  • COUNTRY WINNERS BES Angola (National, 2010)
2009:
  • COUNTRY WINNERS BES Angola (National, 2009)

WORLD'S BEST TRADE FINANCE BANKS & PROVIDERS

2011:
  • COUNTRY WINNERS BES Angola (National, 2011)
2010:
  • COUNTRY WINNERS BES Angola (National, 2010)

WORLD'S BEST EMERGING MARKET BANKS

2011:
  • COUNTRY WINNERS Banco Espirito Santo Angola (National, 2011)
2010:
  • COUNTRY WINNERS BES Angola (National, 2010)
2009:
  • COUNTRY WINNERS BES Angola (National, 2009)

CENTRAL BANKER REPORT CARD

2011:

WORLD'S BEST FOREIGN EXCHANGE PROVIDERS

2011:
  • COUNTRY WINNERS BES Angola (National, 2011)
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE