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) 2020 21.98B USD -37.51%
Angola General Government Final Consumption Expenditure (NSA) 2020 8.65% of GDP -13.56%
Angola Imports of Goods and Services (NSA) 2020 17.03B USD -23.65%
Angola Net Trade in Goods and Services (NSA) 2020 5.881B USD -54.35%
Angola Trade (NSA) 2020 62.62% of GDP -2.60%
Consumer Prices (View all 1)
Angola Consumer Price Index (NSA) 2019 378.88 17.08%
Angola Inflation (NSA) 2019 17.08% -12.98%
Energy (View all 1)
Angola Crude Oil Production Jun 2021 1.082M bbl/d -0.92%
Angola Gas Rig Count Sep 2021 0.00
Angola Oil Production 2020 1.324M bbl/d -6.77%
Angola Proved Oil Reserves 2020 7.783B bbl 0.00%
GDP (View all 1)
Angola GDP (NSA) 2020 62.31B USD -30.32%
Angola Real GDP YoY Outlook (NSA) 2026 3.70% -5.13%
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) 2026 67.20% of GDP -9.43%
Government Receipts and Outlays (View all 1)
Angola General Government Final Consumption Expenditure (NSA) 2020 8.65% of GDP -13.56%
Angola Military Expenditure (NSA) 2019 536.22B AOA 6.98%
Angola Profit Tax (NSA) 2019 21.50% 0.00%
Infrastructure (View all 1)
Angola Secure Internet Servers (NSA) 2020 20.08 /mil ppl 36.27%
International Transactions (View all 1)
Angola Exports of Goods and Services (NSA) 2020 21.98B USD -37.51%
Angola Imports of Goods and Services (NSA) 2020 17.03B USD -23.65%
Angola Net Trade in Goods and Services (NSA) 2020 5.881B USD -54.35%
Military (View all 2)
Angola Military Expenditure (NSA) 2019 536.22B AOA 6.98%
Population (View all 1)
Angola Population Density (NSA) 2020 26.36 Ppl/kmĀ² 3.27%
Angola Population Outlook (NSA) 2026 37.05M 3.00%
View and sort all 128 Angola Indicators

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