Angola Economy

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The Republic of Angola is a country in southern Africa. Subsistence agriculture provides the main livelihood for 85% of the population of Angola despite having abundant natural resources. Oil production is vital to the economy and contributes over 50% to GDP, over 90% of export revenue, and over 80% of government revenue. Despite having an annual average GDP growth of 11.1% from 2001 to 2010, Angola remains poor and has one of the lowest per capita GDPs in the world.

Major Angola Indicators

Period Value % Chg Prev
Components of GDP (View all 1)
Angola Exports of Goods and Services (NSA) 2017 37.18B USD 29.93%
Angola General Government Final Consumption Expenditure (NSA) 2017 13.37% of GDP 3.77%
Angola Household Final Consumption Expenditure (NSA) 2016 78.11% of GDP 2.49%
Angola Imports of Goods and Services (NSA) 2017 34.34B USD 22.46%
Angola Net Trade in Goods and Services (NSA) 2016 2.643B USD
Angola Trade (NSA) 2017 57.59% of GDP -3.11%
Consumer Prices (View all 1)
Angola Consumer Price Index (NSA) 2017 280.76 31.69%
Angola Inflation (NSA) 2017 31.69% -2.12%
Energy (View all 1)
Angola Crude Oil Production Aug 2018 1.582M bbl/day 0.64%
Angola Gas Rig Count Nov 2018 0.00
Angola Oil Production 2017 1.674M bbl/day -4.59%
Angola Proved Oil Reserves 2017 9.523B bbl 0.00%
GDP (View all 1)
Angola GDP (NSA) 2017 124.21B USD 30.28%
Angola Real GDP Growth (NSA) 2023 3.80% Chg Yr 2.70%
Governance and Policy (View all 1)
Angola Profit Tax (NSA) 2017 21.50% 5.39%
Government Assets and Liabilities (View all 1)
Angola General Government Gross Debt (NSA) 2023 62.90% of GDP -3.08%
Government Receipts and Outlays (View all 1)
Angola General Government Final Consumption Expenditure (NSA) 2017 13.37% of GDP 3.77%
Angola Military Expenditure (NSA) 2017 508.18B AOA 9.94%
Angola Profit Tax (NSA) 2017 21.50% 5.39%
Infrastructure (View all 1)
Angola Secure Internet Servers (NSA) 2017 10.81 /mil ppl 29.79%
International Transactions (View all 1)
Angola Exports of Goods and Services (NSA) 2017 37.18B USD 29.93%
Angola Imports of Goods and Services (NSA) 2017 34.34B USD 22.46%
Angola Net Trade in Goods and Services (NSA) 2016 2.643B USD
Military (View all 2)
Angola Military Expenditure (NSA) 2017 508.18B AOA 9.94%
Population (View all 1)
Angola Population (NSA) 2023 33.82M 3.00%
Angola Population Density (NSA) 2017 23.89 3.37%
View and sort all 127 Angola Indicators
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