Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Angola economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Angola best banks and safest banks are also available.
Basic Information
Government Type: Presidential Republic
Capital City: Luanda
GDP & Economic Information
Macroeconomy & Sovereign Data
Central Bank | National Bank of Angola |
---|---|
Currency | Kwanza (AOA) |
International Reserves |
USD 15.4 billion (2018) Source: International Monetary Fund (IMF), data retrieved October 2019 |
Government Bond Ratings |
Standard & Poor’s: B– Moody’s: B3 Standard & Poor’s / Moody’s |
Gross Domestic Product – GDP |
USD 107.3 billion (2018, estimate) |
GDP (Purchasing Power Parity) | Intl$ 199.3 billion (2018, estimate) |
GDP Data
Real GDP growth |
2014 4.8% 2015 0.9% 2016 -2.6% 2017 -0.2% 2018 -1.7% *Estimate |
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GDP per capita – current prices |
USD 3,668.9 (2018, estimate) |
GDP per capita – PPP |
Intl$ 6,814.3 (2018, estimate) |
GDP (PPP) – share of world total |
0.14% (2019, estimate) |
GDP – composition by sector |
r agriculture: 10% industry: 42.2% services: 46.8% (2017 estimate) |
Gross domestic expenditure on R&D; (% of GDP) | N/A |
Inflation |
2015 9.2%% 2016 30.7% 2017 29.8% 2018 19.6% 2019* 17.2% *2019 Estimate |
Africa
Inflation & Debt
Inflation |
2015 9.2% 2016 30.7% 2017 29.8% 2018 19.6% 2019* 17.2% *2019 Estimate |
---|---|
Unemployment rate | N/A |
Household saving rates | N/A |
Public debt (General government gross debt as a % of GDP) |
2015 57.1% 2016 75.7% 2017 69.3% 2018 89% 2019* 95% *2019 Estimate |
Public deficit (General government net lending/borrowing as a % of GDP) |
2014 1.40% 2016 0.10% 2017 -0.06% 2018* 1.50% 2019* -0.80% *2019 Estimate |
Market value of publicly traded shares | N/A |
Import/Export
Exports as percent of GDP (Exports of goods and services) |
5.9% (2017) |
---|---|
Shares in world total merchandising export |
0.004% (2018) |
Shares in world total commercial services export |
0.008% (2018) |
Total exports |
USD 1.6 billion (2018 estimate) |
Export commodities |
Opium, fruits and nuts, handwoven carpets, wool, cotton, hides and pelts, precious and semi-precious gems, and medical herbs |
Total imports |
USD 8.3 billion (2018 estimate) |
Import commodities |
Machinery and other capital goods, food, textiles, petroleum products |
Exports – major partners |
India 56.5%, Pakistan 29.6% (2017) |
Imports – major partners |
China 21%, Iran 20.5%, Pakistan 11.8%, Kazakhstan 11%, Uzbekistan 6.8%, Malaysia 5.3%(2017) |
Competitiveness & Trade
Current account balance | USD 6.4 billion (2018 estimate) |
---|---|
Current account balance by percentage of GDP |
6.1 % (2018 estimate) |
FDI inflows |
2016 USD 180 million 2017 USD 1,352.0 million 2018 USD 3.3 million |
Value of cross-border M&A, by country of purchaser |
2015 N/A 2016 N/A 2017 N/A 2018 N/A |
Cross-border M&A deals worth over $3 billion completed in 2014 | N/A |
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: 177 out of 190 countries Subcategories: Starting a Business: 146 out of 190 countries Dealing with Construction Permits: 120 out of 190 countries Getting Electricity: 156 out of 190 countries Registering Property: 167 out of 190 countries Getting Credit: 185 out of 190 countries Overall ranking: 173 out of 190 countries Subcategories: Starting a Business: 52 out of 190 countries Dealing with Construction Permits: 183 out of 190 countries Getting Electricity: 173 out of 190 countries Registering Property: 186 out of 190 countries Getting Credit: 104 out of 190 countries Protecting Minority Investors: 140 out of 190 countries Paying Taxes: 178 out of 190 countries Trading across Borders: 177 out of 190 countries Enforcing Contracts: 181 out of 190 countries Resolving Insolvency: 76 out of 190 countries |
Global competitiveness ranking | N/A |
Index of Economic Freedom | 136 out of 141 countries |
Population & Geographic Data
Total Area |
1,246,700 sq km |
---|---|
Total Population |
1990 12.74 million 2000 17.12 million 2010 23.01 million 2015 26.68 million 2020 31.03 million |
Urban population as % of total population |
1960 10.4% 1980 24.3% 2000 50.1% 2020 65.5% |
Population median age |
15.9 years (2018 estimate) |
Population growth rate |
3.49% (2018 estimate) |
Life expectancy |
60.6 years (2018 estimate) |
% of population living on less than $3.10 a day | N/A |
Inequality of wealth distribution (Gini index) | N/A |
Freedom House rating |
Not Free Political Rights: 6 Civil Liberties: 5 (2019) (1 represents the most free, 7 the least free rating) |
Total telephone subscribers as % of population |
Fixed: 0.6% Mobile: 43.1% (2018) (fixed-telephone subscribers and mobile-cellular subscribers) |
Internet users as % of total population |
14.34 % (2017) |
Language & Religon
Languages |
Portuguese 71.2% (official), Umbundu 23%, Kikongo 8.2%, Kimbundu 7.8%, Chokwe 6.5%, Nhaneca 3.4%, Nganguela 3.1%, Fiote 2.4%, Kwanhama 2.3%, Muhumbi 2.1%, Luvale 1%, other 3.6% (2014 est.) Pashto (official) 48% Uzbek 11% English 6% Turkmen 3% Urdu 3% Pashayi 1% Nuristani 1% Arabic 1% Balochi 1% (2017 est.) |
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Literacy |
Total population: 71.1% Male: 82% Female: 60.7% Definition: age 15 and over can read and write (2015 est.) (age 15 and over can read and write) |
Religions |
Roman Catholic 41.1%, Protestant 38.1%, other 8.6%, none 12.3% (2014 est.) |
World Rankings
Population | 37 M |
---|---|
Mercer Cost of living index | N/A |
C02 Emissions per capita | 0.29 (2014) |
Global Finance Rankings & Awards: Angola
Global Finance Magazine holds several conferences and awards ceremonies throughout the year to recognize the winning financial institutions and companies in a host of categories including World’s Best Trade Finance Banks, World's Biggest Banks, World's Safest Banks, World's Best Developed & Emerging Markets Banks, World's Best Internet Banks, and World’s Best Investment Banks.
Data Sources:
IMF World Economic Outlook
UN World Population Prospects
World Inequality Report
S&P Global Ratings
Moody’s
Fitch Ratings
IMF Direction of Trade Statistics (DOTS)
UN Conference on Trade and Development (UNCTAD)
CIA The World Factbook
World Bank’s World Integrated Trade Solution
Forbes Global 2000