Angola’s New Road

Angola’s New Road

The oil-rich Southern African country bets its economic revival on an IMF bailout and a fresh pair of hands.

 
 
Source
Central bank

National Bank of Angola

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

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)
 
 
Source
GDP - composition by sector
  • agriculture: 10% 
  • industry: 42.2% 
  • services: 46.8%

(2017 estimate)

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

N/A

 

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
Household saving rates

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

Market value of publicly traded shares
2016 2017 2018
N/A N/A N/A
Largest companies

N/A

 
 
Source
Current account balance

USD 6.4 billion (2018 estimate)

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)

Total exports

USD 41.4 billion (2018)

Export commodities

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

Total imports

USD 25.9 billion (2018 estimate)

 
 
Source
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

Global competitiveness ranking

136 out of 141 countries

(2019)

Index of Economic Freedom

Ranking: 156 / Score: 50.6 (Mostly unfree)

 
 
Source
Time zone

UTC+1

Total area

1,246,700 sq km

Capital

Luanda

Currency

Kwanza (AOA)

Government type

Presidential republic

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

 
 
Source
Urban population as % of total population
1960 1980 2000 2018
10.4% 24.3% 50.1% 65.5%
Population median age

15.9 years (2018 estimate)

Population growth rate

3.49% (2018 estimate)

Life expectancy

60.6 years (2018 estimate)

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)

% 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)

Source
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)

Mercer Cost of living index

Luanda: 26th (2019)

CO2 emissions

1.29 metric tons per capita (2014)

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