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


Year

Inflation

2008

12.5

2009

13.7

2010

14.5

2011

13.5

2012

10.3

2013

8..8

2014

7.3

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
(US$ bn)

2010
50.595

2011  
67.310

2012    
71.093

2013
68.24

2014
61.75

Imports
(US$ bn) 

2010
16.667

2011
19.750

2012
22.318

2013
26.09

2014
28.23


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.