Angola’s New Road
The oil-rich Southern African country bets its economic revival on an IMF bailout and a fresh pair of hands.
Angola GDP and Economic Data
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.
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International Reserves
USD 15.4 billion (2018)
Source: International Monetary Fund (IMF), data retrieved October 2019
Gross Domestic Product - GDP
USD 107.3 billion (2018, estimate)
GDP (Purchasing Power Parity)
Intl$ 199.3 billion (2018, estimate)
Real GDP growth
| 2014 | 2015 | 2016 | 2017* | 2018* |
| 4.8% | 0.9% | -2.6% | -0.2% | -1.7% |
*Estimate
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GDP - composition by sector
- agriculture: 10%
- industry: 42.2%
- services: 46.8%
(2017 estimate)
Inflation
| 2015 | 2016 | 2017 | 2018* | 2019* |
| 9.2% | 30.7% | 29.8% | 19.6% | 17.2% |
*Estimate
Unemployment rate
| 2015 | 2016 | 2017 | 2018 | 2019 |
| N/A | N/A | N/A | N/A | N/A |
Public debt (General government gross debt as a % of GDP)
| 2015 | 2016 | 2017 | 2018* | 2019* |
| 57.1% | 75.7% | 69.3% | 89% | 95% |
*Estimate
Public deficit (General government net lending/borrowing as a % of GDP)
| 2015 | 2016 | 2017 | 2018* | 2019* |
| -2.9% | -4.5% | -6.3% | 2.2% | 0.8% |
*Estimate
Government bond ratings
Standard & Poor's: B–
Moody's: B3
Standard & Poor's / Moody's
Source
Market value of publicly traded shares
| 2016 | 2017 | 2018 |
| N/A | N/A | N/A |
Source
Current account balance by percentage of GDP
6.1 % (2018 estimate)
Exports as percent of GDP (Exports of goods and services)
29% (2017)
Shares in world total merchandising export
0.22% (2018)
Shares in world total commercial services export
0.01% (2018)
Export commodities
Crude oil, diamonds, refined petroleum products, coffee, sisal, fish and fish products, timber, cotton
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Import commodities
Machinery and electrical equipment, vehicles and spare parts; medicines, food, textiles, military goods
Exports - major partners
China 61.2%
India 13%
US 4.2%
(2017)
Imports - major partners
Portugal 17.8%
China 13.5%
US 7.4%
South Africa 6.2%
Brazil 6.1%
UK 4%
(2017)
FDI inflows
| 2016 | 2017 | 2018 |
| USD -180 million | USD -7,397 million | USD -5,732 million |
FDI outflows
| 2016 | 2017 | 2018 |
| USD 273.0 million | USD 1,352.0 million | USD 3.3 million |
Value of cross-border M&A, by country of purchaser
| 2015 | 2016 | 2017 | 2018 |
| N/A | N/A | N/A | 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:
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
Protecting Minority Investors: 147 out of 190 countries
Paying Taxes: 106 out of 190 countries
Trading across Borders: 174 out of 190 countries
Enforcing Contracts: 186 out of 190 countries
Resolving Insolvency: 168 out of 190 countries
Source
Global competitiveness ranking
136 out of 141 countries
(2019)
Source
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.)
Religions
Roman Catholic 41.1%, Protestant 38.1%, other 8.6%, none 12.3% (2014 est.)
Total population
| 1990 | 2000 | 2010 | 2015* | 2020* |
| 12.74 million | 17.12 million | 23.01 million | 26.68 million |
31.03 million |
*Estimate
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Urban population as % of total population
| 1960 | 1980 | 2000 | 2018 |
| 10.4% | 24.3% | 50.1% | 65.5% |
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)
Freedom House rating
Not Free
Political Rights: 6
Civil Liberties: 5 (2019)
(1 represents the most free, 7 the least free rating)
Source
Total telephone subscribers as % of population
Fixed: 0.6% Mobile: 43.1% (2018)
(fixed-telephone subscribers and mobile-cellular subscribers)