Angola: Economy

Economic Trivia

Oil production accounts for 85% of the country's GDP.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Data unavailable

Top Industries Source: CIA World Factbook

Petroleum; Diamonds; Iron Ore; Phosphates

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international) $175,102,994,746 (2014)
GDP Growth Rate (annual %) 3.901% (2014)
GDP Per Capita, PPP (current international) $7,227 (2014)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 63/193 (2014)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) 7.28% (2014)
External debt stocks, total (DOD, current US$) $24,003,929,000 (2013)
Total tax rate (% of commercial profits) 48.4% (2015)
Real Interest Rate (5 year average %) 12.189% (2014)
Manufacturing, value added (% of GDP) 7.061% (2014)
Current Account Balance (BoP, current US$) ($3,722,412,047) (2014)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 8,844,204 (2014)
Employment in Agriculture (% of total employment) 5.1% (1992)
Employment in Industry (% of total employment) 20.6% (1992)
Employment in Services (% of total employment) 66.6% (1992)
Unemployment Rate 6.8% (2014)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $55,179,487,680 (2014)
Exports of goods and services (current US$) $76,919,675,442 (2014)
Total Merchandise Trade (% of GDP) 69.041% (2014)
FDI, net inflows (BoP, current US$) $1,921,699,719 (2014)
Commercial Service Exports (current US$) $1,681,346,775 (2014)
Click on a row to display its 5-year graph on the right.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Angola’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Glossary