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) 2017 7.341B USD 177.8%
Angola Trade (NSA) 2017 52.26% of GDP -2.09%
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 Mar 2019 1.494M bbl/day 0.67%
Angola Gas Rig Count Jun 2019 0.00
Angola Oil Production 2018 1.534M bbl/day -8.50%
Angola Proved Oil Reserves 2018 8.384B bbl 0.00%
GDP (View all 1)
Angola GDP (NSA) 2017 122.12B USD 20.77%
Angola Real GDP Growth Outlook (NSA) 2024 3.90% Chg Yr 2.63%
Governance and Policy (View all 1)
Angola Profit Tax (NSA) 2018 21.50% 0.00%
Government Assets and Liabilities (View all 1)
Angola General Government Gross Debt Outlook (NSA) 2024 66.10% of GDP -6.77%
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) 2017 508.18B AOA 9.94%
Angola Profit Tax (NSA) 2018 21.50% 0.00%
Infrastructure (View all 1)
Angola Secure Internet Servers (NSA) 2018 11.21 /mil ppl 3.70%
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) 2017 7.341B USD 177.8%
Military (View all 2)
Angola Military Expenditure (NSA) 2017 508.18B AOA 9.94%
Population (View all 1)
Angola Population Density (NSA) 2017 23.89 3.37%
Angola Population Outlook (NSA) 2024 34.93M 3.00%
View and sort all 127 Angola Indicators
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