Economy of Angola
Population: 30.81 M (2018)
GDP per Capita: 3,432 USD (2018)
105,750 M.

GDP USD

(2018)

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35,420 M.

EXPORTS USD

(2017)

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28,400 M.

IMPORTS USD

(2017)

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89.00 %

PUBLIC DEBT

(2018)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 0.94 % (2015)
GDP of 2010 USD USD 99.50 B. (2018)
GDP Current USD USD 105.75 B. (2018)
GDP per Capita Current USD USD 3,432 (2018)
GDP per capita, PPP USD 5,725 (2018)
GDP per Capita, 2010 USD USD 3,230 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 12.94 % (2017)
Government Spending USD 15.80 B. (2017)
Government Debt % GDP 89.00 % (2018)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 177.66 (2018)
Trade Openness 52.26 % (2017)
Exports of Goods and Services % GDP 29.00 % (2017)
Exports Goods & Services USD 35.42 B. (2017)
Exports Annual Growth 24.54 % (2017)
Imports as % GDP 23.25 % (2017)
Total Imports USD 28.40 B. (2017)
Foreign Direct Investment % GDP 8.63 % (2015)
Foreign Direct Investment USD 10.03 B. (2015)
Current Account Balance % GDP USD 7.00 % (2018)
Current Account Balance USD 7.40 B. (2018)
Trade Balance % GDP % (2018)
Trade Balance USD 15.50 B. (2018)
Foreign Exchange Reserves incl Gold USD 15.41 B. (2018)
Remittances % GDP 0.01 % (2015)
Remittances USD 2 M. (2018)
Balance of Payments USD 240 M. (2010)

Labor Market

Indicator Value
Labor Force 13.18 M. (2019)
Unemployment Rate 7.25 % (2019)
Unemployment Rate Females 6.94 % (2019)
Unemployment Rate Males 6.83 % (2019)
Youth Unemployment (ages 15-24) 17.09 % (2019)
Labor Force Participation Rate 77.61 % (2019)
Labor Force (Percent Female) 50.25 % (2019)
Female Labor Force Participation Rate 75.37 % (2019)
Male Labor Force Participation Rate 79.99 % (2019)
Dependent People 96.18 % (2018)

Agriculture Sector

Indicator Value
Forest Area 46.30 % (2016)
Forest Area km² 577,312 km² (2016)
Agricultural Land 47.48 % (2016)
Agricultural Land km² 591,900 km² (2016)
Employment 48.83 % (2019)
Value added % GDP 10.02 % (2017)
Agriculture Value added USD 12.23 B. (2017)
Crop Production Index 208.70 (2016)
Precipitation 1,010 mm (2014)
Arable Land 4 % (2016)
Cereal Yield 905 kg/hectare (2017)
Food production index 193 (2016)
Rural Population 34 % (2018)
Fertilizer use of Arable Land 8 kg/hectare (2016)
Livestock Production Index 139 (2016)
Economy of Angola

According to the World Bank and its latest published data, the economy of the Angola presents a growth rate of 0.94 % (2015) to the previous year.

With a population that reaches 30.81 M (2018) and a gross domestic product of USD 105.75 B. (2018), it translates a Gross Domestic Product per Capita of USD 3,432 placing its inhabitants on the threshold of an Lower middle income country (according to the World Bank's updated classification).

Angola also has a workforce of 13.18 M. (2019) with an unemployment rate of 7.25 % (2019), where women represent 6.94 % (2019) and men 6.83 % (2019), the unemployment rate for young people between 15-24 years old stood at 17.09 % (2019). The total number of dependent people stands at 96.18 % (2018).

The central government spent 12.94 % (2017) of its gross domestic product that year, which in absolute terms is USD 15.80 B. (2017). Its consolidated public debt reached 89.00 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Angola exported USD 35.42 B. (2017), which represents 29.00 % (2017) of its gross domestic product, in that same sense its imports reached USD 28.40 B. (2017) with a direct foreign investment of USD 10.03 B. (2015).

Angola has a forest area of 577,312 km² (2016), which represents 46.30 % (2016) of its total area, an average rainfall of 1,010 mm (2014) per year and a population of 34 % (2018) living in rural areas. With a total area of 591,900 km² (2016) available for agriculture and 48.83 % (2019) of its employments, the agricultural sector contributes to the economy of the Angola about USD 12.23 B. (2017) (10.02 % (2017) of its GDP).