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 bank N/A
International Reserves US$ 26.477 billion (Source: IMF; Data updated: 2012)
Gross Domestic Product - GDP US$ 121.466 billion (2009 estimate)
GDP (Purchasing Power Parity) 128.476 billion of International dollars (2009 estimate)
Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
3.1% 14.5% 3.3% 11.2% 20.6% 18.6% 20.3% 13.8%
2009 2010 2011 2012*
2.4% 3.4% 3.4% 9.7%

*Estimate

GDP per capita - current prices US$ 6,009 (2000 estimate)
GDP per capita - PPP $6,356 International Dollars (2000 estimate)
GDP (PPP) - share of world total
1980 1990 2000 2010 2015**
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 February 2012)

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

(Data released on March 2012)

Inflation
2009 2010 2011 2012*
13.7%(2008) 14.5% 13.5% 11.1%

*Estimate

Unemployment rate
2009 2010 2011 2012*
N/A N/A N/A(2009) N/A

*Estimate

Household saving rates N/A

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
31.5% 36.3% 37.5% 30.9% 23.8%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
8.9% -4.9% 6.8% 12.6% 12.2%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: BB-

Moody's rating: Ba3

Moody's outlook: POS

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

Market value of publicly traded shares
2009 2010 2011
N/A N/A N/A
Largest companies in Angola N/A
DATA ON TRADE AND COMPETITIVENESS
Current account balance US$ 11.8 billion (2009 estimate)(After 2008)
Current account balance by percentage of GDP 9.7% of GDP (2009 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

56.8% (2010)

(Data released on April 2012)

Shares in world total merchandising export 0.36%(2007)

(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export 0.02% (2010)(2007)

(Data were released in 2012)

Total exports US$71.95 billion (2012 estimate) 
Export commodities crude oil, diamonds, refined petroleum products, coffee, sisal, fish and fish products, timber, cotton
Total imports US$22.32 billion (2012 estimate) 
Import commodities machinery and electrical equipment, vehicles and spare parts; medicines, food, textiles, military goods
Exports - major partners China 37.7%, US 21%, India 9.5%, Canada 4.1% (2011)
Imports - major partners Portugal 20.4%, China 17.7%, US 9.5%, Brazil 6.8%, South Africa 6.1%, France 5%, India 4.4% (2011)
FDI inflows
2009 2010 2011
US$2,205 million US$-3,227 million(2009) US$-5,586 million(2009)
FDI outflows
2009 2010 2011
US$7 million US$1,340 million US$1,300 million
Value of cross-border M&A, by country of purchaser
2008 2009 2010 2011
N/A N/A(2009) N/A(2009) N/A
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

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

Cross-border M&A deals worth over $3 billion completed in 2011

(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 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 172 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 171 out of 185 countries(2009)

Enforcing Contracts: 183 out of 185 countries

Registering Property: 131 out of 185 countries

Getting credit: 129 out of 185 countries

Protecting investors: 70 out of 185 countries

Trading across border: 164 out of 185 countries

Paying Taxes: 154 out of 185 countries

Dealing with Construction Permits: 124 out of 185 countries

Getting Electricity: 113 out of 185 countries

Resolving Insolvency: 162 out of 185 countries

(2013)

Global competitiveness ranking
(ranking by country on a basis of 144, the first is the best)
N/A

(2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 160 Score: 46.7 (Repressed) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zone UTC+1
Total area 1,246,700 km2 (2006)
Capital Luanda (2009)
Currency kwanza (AOA) (2009)
Government type republic; multiparty presidential regime (2009)
Languages Portuguese (official), Bantu and other African languages
Religions indigenous beliefs 47%, Roman Catholic 38%, Protestant 15% (1998 estimate)
Total population
1980 1990 2000 2012* 2017**
6.99 million 10 million 13.34 million 20.21 million 23.43 million

*Estimate    **Forecast

Urban population as % of total population
1960 1980 2000 2011
10.4% 24.3% 49% 59.1%
Population median age 17 years (2010)
Population growth rate 2.8% (2011)
Life expectancy 51 years (2010)
Adult literacy 70% (2005/2010)
% of population living on less than $2 a day 70.21% (2011)
Inequality of wealth distribution (Gini index)

58.64 (2000)

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:6
Civil Liberties:5 (2011)

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

Total telephone subscribers as % of population

49.93% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population 14.78% (Data were released in 2012 and refer to 2011)
Cost of living - Mercer 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)

1.4365 (Data were released in 2012 and refer to 2009)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST TRADE FINANCE BANKS & PROVIDERS

2013:
  • COUNTRY WINNERS BES Angola (National, 2013)
2012:
  • COUNTRY WINNERS BES Angola (José de Lima Massano, 2012)
2011:
  • COUNTRY WINNERS BES Angola (National, 2011)
2010:
  • COUNTRY WINNERS BES Angola (National, 2010)

WORLD'S BEST EMERGING MARKET BANKS

2012:
  • COUNTRY WINNERS Banco Espírito Santo Angola (José de Lima Massano, 2012)
2011:
  • COUNTRY WINNERS Banco Espirito Santo Angola (National, 2011)
2010:
  • COUNTRY WINNERS BES Angola (National, 2010)
2009:
  • COUNTRY WINNERS BES Angola (National, 2009)

WORLD'S BEST INVESTMENT BANKS

2013:
  • COUNTRY WINNERS Standard Bank Angola (National, 2013)

CENTRAL BANKER REPORT CARD

2012:
2011:

WORLD'S BEST FOREIGN EXCHANGE PROVIDERS

2013:
  • COUNTRY WINNERS BES Angola (National, 2013)
2012:
  • COUNTRY WINNERS BES Angola (National, 2012)
2011:
  • COUNTRY WINNERS BES Angola (National, 2011)
2010:
  • COUNTRY WINNERS BES Angola (National, 2010)
2009:
  • COUNTRY WINNERS BES Angola (National, 2009)
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE