ANGOLA: SEEKING A NEW PATH

ANGOLA: SEEKING A NEW PATH

Country Report | Angola
Up until 2013, Angola's GDP, buoyed by booming oil revenues, grew by an average rate of 10.7%, reaching an all-time high of 23.2% in 2007. Now, as economic growth slows and the country’s financial coffers move from surplus to deficit, Angola is rethinking its dependence on “black gold.”

 
 
Source
Central bank

National Bank of Angola

International Reserves

USD 23.8 billion (2015)

International Monetary Fund (IMF), data retrieved January 2017

Gross Domestic Product - GDP

USD 102.3 billion (2017, estimate)

GDP (Purchasing Power Parity)

Intl$ 194.1 billion (2017, estimate)

Real GDP growth
2006 2007 2008 2009 2010 2011 2012
20.7% 22.6% 13.8% 2.4% 3.4% 3.9% 5.2%
2013 2015 2015 2016* 2017*    
6.8% 4.8% 3% 0% 1.5%    

*Estimate

GDP per capita - current prices

USD 3,630.7 (2017, estimate)

GDP per capita - PPP

Intl$ 6,887.1 (2017, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
0.12% 0.10% 0.08% 0.15% 0.2%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 10.2% 
  • industry: 61.4% 
  • services: 28.4%

(2011 estimate)

Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Inflation
2013 2014 2015 2016* 2017*
8.8% 7.3% 10.3% 33.7% 38.3%

*Estimate

Unemployment rate
2013 2014 2015 2016 2017
N/A N/A N/A N/A N/A

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2013 2014 2015 2016* 2017*
32.9% 40.7% 64.2% 77.7% 73.6%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015 2016* 2017*
-0.3% -6.6% -4.9% -5.4% -5.4%

*Estimate  

Government bond ratings

Standard & Poor's: B

Moody's: B1

Standard & Poor's / Moody's (Updated January 2017)

Market value of publicly traded shares
2013 2014 2015
N/A N/A N/A
Largest companies

N/A

 
 
Source
Current account balance

USD -5.5 billion (2017 estimate)

Current account balance by percentage of GDP

-5.4% (2017 estimate)

Exports as percent of GDP (Exports of goods and services)

33.9% (2015)

Shares in world total merchandising export

0.2% (2015)

Shares in world total commercial services export

0.04% (2015)

Total exports

USD 30.0 billion (2016 estimate)

Export commodities

Crude oil, diamonds, refined petroleum products, coffee, sisal, fish and fish products, timber, cotton

Total imports

USD 19.7 billion (2016 estimate)

 
 
Source
Import commodities

Machinery and electrical equipment, vehicles and spare parts; medicines, food, textiles, military goods

Exports - major partners

China 43.8%, India 9.6%, US 7.7%, Spain 6.2%, South Africa 4.8%, France 4.4% (2015)

Imports - major partners

China 22.1%, Portugal 13.8%, South Korea 11%, US 6.9%, South Africa 5%, UK 4.1%, France 4% (2015)

FDI inflows
2013 2014 2015
USD -7,120 million USD 1,922 million USD 8,681 million
FDI outflows
2013 2014 2015
USD 6,044 million USD 4,253 million USD 1,892 million
Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
USD 68.9 million N/A USD 24.8 million N/A
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

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

Cross-border M&A deals worth over $3 billion completed in 2015

N/A

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

Best countries for doing business

Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 182 out of 190 countries (2017)

Subcategories:

Starting a business: 144 out of 190 countries

Enforcing Contracts: 186 out of 190 countries

Registering Property: 170 out of 190 countries

Getting credit: 181 out of 190 countries

Protecting investors: 81 out of 190 countries

Trading across border: 183 out of 190 countries

Paying Taxes: 157 out of 190 countries

Dealing with Construction Permits: 111 out of 190 countries

Getting Electricity: 171 out of 190 countries

Resolving Insolvency: 169 out of 190 countries

Global competitiveness ranking

N/A

(2016-2017)

Index of Economic Freedom

Ranking: 156 / Score: 48.94 (Repressed) (2016)

(100=totally free 0=totally repressed)

 
 
Source
Time zone

UTC+1

Total area

1,246,700 sq km

Capital

Luanda

Currency

kwanza (AOA)

Government type

republic; multiparty presidential regime

Languages

Portuguese (official), Bantu and other African languages

Religions

indigenous beliefs 47%, Roman Catholic 38%, Protestant 15% (1998 estimate)

Total population
1990 2000 2010 2014* 2019**
10.782 million 14.383 million 19.053 million 21.444 million 24.86 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2013
10.4% 20% 32% 42%
Population median age

17.9 years (2014 est.)

Population growth rate

2.78% (2014 est.)

Life expectancy

 55.29 years  (2014 est.)

Adult literacy

70.4% (2011 estimate)

% of population living on less than $2 a day

67.4% (2009)

Inequality of wealth distribution (Gini index)

42.7 (2009)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights: 6
Civil Liberties: 5 (2014)

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

Source
Total telephone subscribers as % of population

Fixed  1.0%   Mobile 61.9% (2013)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

19.10% (2013)

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 (2014)

CO2 emissions(Metric tons of CO2 per capita)

1.6 (2010)

World's Best Developed & Emerging Markets Banks

World’s Best Investment Banks

World’s Best Foreign Exchange Providers

World's Best Banks By Region

World's Best Banks

2013

World’s Best Trade Finance Banks

Best of…

Additional Awards