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 (2018): China, India, and Portugal
Top 3 Exported Goods (2018): Oil & Mineral Fuels, Precious Stones & Metals, and Industrial Machinery

Top Industries Source: CIA World Factbook

Petroleum; Diamonds; Iron Ore; Phosphates

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $214,894,517,508 (2020)
GDP Growth Rate (annual %) -4.041% (2020)
GDP Per Capita, PPP (current international) $6,538 (2020)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 67/197 (2020)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 17.081% (2019)
External debt stocks, total (DOD, current US$) $51,997,502,840 (2019)
Total tax rate (% of commercial profits) 49.1% (2019)
Real Interest Rate (5 year average %) 3.961% (2020)
Manufacturing, value added (% of GDP) 4.309% (2019)
Current Account Balance (BoP, current US$) $893,768,431 (2020)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 13,292,663 (2020)
Employment in Agriculture (% of total employment) 50.181% (2020)
Employment in Industry (% of total employment) 8.089% (2020)
Employment in Services (% of total employment) 41.731% (2020)
Unemployment Rate 7.7% (2020)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $17,029,496,415 (2020)
Exports of goods and services (current US$) $21,984,699,059 (2020)
Total Merchandise Trade (% of GDP) 49.263% (2020)
FDI, net inflows (BoP, current US$) ($4,098,478,748) (2019)
Commercial Service Exports (current US$) $66,185,169 (2020)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

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

Sources

  1. The World Bank