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.

Top 3 Trade Partners (2015): China, Portugal, and India
Top 3 Exported Goods (2015): Oil & Mineral Fuels, Precious Stones & Metals, and Seafood

Top Industries Source: CIA World Factbook

Petroleum; Diamonds; Iron Ore; Phosphates

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international) $184,437,662,368 (2015)
GDP Growth Rate (annual %) 2.998% (2015)
GDP Per Capita, PPP (current international) $7,371 (2015)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 63/193 (2015)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) 10.279% (2015)
External debt stocks, total (DOD, current US$) $28,449,577,000 (2014)
Total tax rate (% of commercial profits) 48.4% (2015)
Real Interest Rate (5 year average %) 21.743% (2015)
Manufacturing, value added (% of GDP) 7.061% (2014)
Current Account Balance (BoP, current US$) ($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$) $38,788,562,785 (2015)
Exports of goods and services (current US$) $38,293,496,540 (2015)
Total Merchandise Trade (% of GDP) 69.041% (2014)
FDI, net inflows (BoP, current US$) $8,680,940,069 (2015)
Commercial Service Exports (current US$) $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