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 35.42B USD 24.54%
Angola General Government Final Consumption Expenditure (NSA) 2017 12.94% of GDP -6.81%
Angola Household Final Consumption Expenditure (DISCONTINUED) (NSA) 2016 78.11% of GDP 2.49%
Angola Imports of Goods and Services (NSA) 2017 28.40B USD 11.23%
Angola Net Trade in Goods and Services (NSA) 2018 15.50B USD 111.1%
Angola Trade (NSA) 2017 52.26% of GDP -2.09%
Consumer Prices (View all 1)
Angola Consumer Price Index (NSA) 2019 261.73 17.15%
Angola Inflation (NSA) 2019 17.15% -15.08%
Energy (View all 1)
Angola Crude Oil Production Apr 2020 1.342M bbl/d -2.19%
Angola Gas Rig Count Jun 2020 0.00
Angola Oil Production 2019 1.417M bbl/d -6.71%
Angola Proved Oil Reserves 2019 8.16B bbl 0.00%
GDP (View all 1)
Angola GDP (NSA) 2018 105.75B USD -13.41%
Angola Real GDP Growth Outlook (NSA) 2021 2.60% Chg Yr
Governance and Policy (View all 1)
Angola Profit Tax (NSA) 2019 21.50% 0.00%
Government Assets and Liabilities (View all 1)
Angola General Government Gross Debt Outlook (NSA) 2024 68.30% of GDP -6.31%
Government Receipts and Outlays (View all 1)
Angola General Government Final Consumption Expenditure (NSA) 2017 12.94% of GDP -6.81%
Angola Military Expenditure (NSA) 2018 501.22B AOA -1.37%
Angola Profit Tax (NSA) 2019 21.50% 0.00%
Infrastructure (View all 1)
Angola Secure Internet Servers (NSA) 2019 14.74 /mil ppl 31.61%
International Transactions (View all 1)
Angola Exports of Goods and Services (NSA) 2017 35.42B USD 24.54%
Angola Imports of Goods and Services (NSA) 2017 28.40B USD 11.23%
Angola Net Trade in Goods and Services (NSA) 2018 15.50B USD 111.1%
Military (View all 2)
Angola Military Expenditure (NSA) 2018 501.22B AOA -1.37%
Population (View all 1)
Angola Population Density (NSA) 2018 24.71 Ppl/kmĀ² 3.33%
Angola Population Outlook (NSA) 2024 34.93M 3.00%
View and sort all 128 Angola Indicators

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