Economic & Commercial
Angolan Economy
Angola has been one the fastest growing economies in the world even if it is from a relatively low base. Recent statistics of growth in real GDP taken from the Economic Intelligence Unit may be seen at Table below.
GDP (US $ bn) |
124. 8 (2012); 131.8 (2013) 174.5 (2014) |
GDP Growth Rate |
7% (2012); 5.6% (2013) 6.8% (2014) |
GDP Per Capita (US $) |
7,361 (2012); 7,741 (2013); 7,883 (2014) |
Tourist Arrivals |
650,000 (2011) |
Urbanisation |
44% |
Natural resources/industry |
Petroleum, diamonds, iron ore, phosphate, marble, granite, feldspar, fish processing, brewing, plastics |
Major investors |
China, Germany, Spain, Portugal |
|
Inflation in Angola has stabilized over the years and figures for recent years prepared by the World bank may be seen in the adjoining table. Angola has been growing at a rapid pace but simultaneously has been able to control inflation to a manageable level of 8- 9% in recent years from an astronomical figure of 152% in 2001.. |
Exports and Access to Finance from donor countries
Exports |
2010 |
2011 |
2012 |
2013 |
2014 |
Imports |
2010 |
2011 |
2012 |
2013 |
2014 |
Exports have been booming thanks to the spike in oil prices in 2008. But it is expected that with the decline of oil prices from the high level, trade figures would stabilize. Crude oil accounts for more than 90% of the exports and China, India and USA are major importers.
Economic structure, income and market size
Population, income and market size
|
2010a |
2011a |
2012a |
2013a |
2014b |
2015c |
2016c |
2017c |
2018c |
2019c |
Population (m) |
21.2 |
21.9 |
22.7 |
23.4 |
24.2 |
25.0 |
25.8 |
26.7 |
27.5 |
28.4 |
GDP (US$ bn at market exchange rates) |
82 |
104 |
115 |
124 |
131a |
111 |
104 |
114 |
129 |
145 |
GDP per head (US$ at market exchange rates) |
3890 |
4750 |
5080 |
5300 |
5420 |
4420 |
4010 |
4290 |
4690 |
5130 |
Private consumption (US$ bn |
41 |
46 |
48 |
63 |
66a |
60 |
54 |
58 |
66 |
75 |
Private consumption per head (US$) |
1920 |
2110 |
2120 |
2670 |
2710 |
2410 |
2090 |
2180 |
2390 |
2650 |
GDP (US$ bn at PPP) |
135 |
143 |
153 |
166 |
175a |
180 |
191 |
206 |
225 |
246 |
Monetary indicators |
||||||||||
Exchange rates Kz: US$ (av) |
91.91 |
93.93 |
95.47 |
96.52 |
98.30 |
121.88 |
156.22 |
166.11 |
170.03 |
170.54 |
Exchange rates Kz: US$ year end |
92.64 |
95.27 |
95.83 |
97.56 |
102.86 |
144.15 |
161.25 |
169.84 |
170.35 |
170.86 |
Purchasing power parity Kz:US$ (av) |
56.15 |
68.31 |
71.85 |
82.15 |
73.77 |
75.04 |
84.88 |
92.02 |
97.22 |
100.68 |
Lending rates av;% |
22.5 |
18.8 |
16.7 |
15.8 |
16.4 |
17.5 |
16.7 |
16.2 |
16.0 |
16.0 |
Deposit rates av; % |
12.8 |
6.3 |
3.6 |
3.1 |
3.9 |
4.8 |
5 |
5.5 |
5.5 |
5.5 |
a Actual. b Economist Intelligence Unit estimates. c Economist Intelligence Unit forecasts.