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Angola

Headline economic indicators for Angola, with the most recent official readings.

Prices

Prices — Angola
Indicator Value Change
Inflation rate · 20.2% -8.08 (-28.6%)
Consumer price index · 1,240.4 +208.13 (+20.2%)
GDP deflator inflation · 20.5% -7.38 (-26.5%)

GDP

GDP — Angola
Indicator Value Change
GDP growth rate · 3.1% -1.82 (-36.7%)
GDP per capita · 3,129.48 +408.66 (+15.0%)
GDP per capita, long-run history · 6,119 -18.10 (-0.3%)
GDP · 122,174,889,423.64 +19,094,351,380 (+18.5%)
GDP, PPP · 400,212,936,179 +22,733,862,033 (+6.0%)
GDP per capita, PPP · 10,251 +287.76 (+2.9%)
GDP per capita growth · 0.1% -1.72 (-95.3%)
GNI per capita · 2,860 +10.00 (+0.4%)
Agriculture to GDP · 25.2% +3.69 (+17.1%)
Industry to GDP · 27.1% -6.82 (-20.1%)
Manufacturing to GDP · 6.8% +0.22 (+3.3%)
Services to GDP · 46.8% +2.22 (+5.0%)
Household consumption to GDP · 61.7% +2.77 (+4.7%)
Gross capital formation to GDP · 10.6% -1.80 (-14.5%)
Gross savings to GDP · 15.9% -0.23 (-1.4%)

Labour

Labour — Angola
Indicator Value Change
Unemployment rate · 14.1% +0.09 (+0.6%)
Labour force participation rate · 74.8% -0.09 (-0.1%)
Female labour force participation rate · 72.2% -0.13 (-0.2%)
Youth unemployment rate · 27.2% +0.49 (+1.8%)
Employment to population ratio · 64.2% -0.15 (-0.2%)
Employment in agriculture · 51.9% -0.21 (-0.4%)
Employment in industry · 7.2% +0.04 (+0.6%)
Employment in services · 40.9% +0.16 (+0.4%)

Money

Money — Angola
Indicator Value Change
Real interest rate · -0.9% +5.70 (+85.9%)
Broad money to GDP · 13.8% -2.00 (-12.7%)
Private sector credit to GDP · 6.6% -0.59 (-8.2%)
Lending rate · 19.4% -0.03 (-0.1%)
Bank deposit rate · 8.0% +0.58 (+7.9%)
Bank nonperforming loans · 14.1% +3.93 (+38.6%)
Official exchange rate · 911.99 +42.15 (+4.8%)

Trade

Trade — Angola
Indicator Value Change
Current account to GDP · 0.3% -5.78 (-94.4%)
Exports to GDP · 23.0% -7.90 (-25.6%)
Imports to GDP · 11.7% -7.30 (-38.5%)
Trade to GDP · 34.6% -15.20 (-30.5%)
Exports of goods and services · 28,073,040,732.78 -3,757,736,592 (-11.8%)
Imports of goods and services · 14,256,453,828.83 -5,297,335,411 (-27.1%)
Trade balance, goods and services (annual) · 6,757,827,740.25 -7,483,559,909 (-52.5%)
Current account balance (annual) · 417,991,589.5 -5,891,855,590 (-93.4%)
Foreign direct investment to GDP · 1.8% +2.89 (+268.5%)
Remittances received to GDP · 0.0% -0.01 (-14.5%)
Total reserves, including gold · 13,536,065,181.92 -706,827,323 (-5.0%)
Reserves in months of imports · 5.3 -0.22 (-4.0%)
External debt to GNI · 79.6% +5.01 (+6.7%)

Government

Government — Angola
Indicator Value Change
Government revenue to GDP · 18.2% -2.62 (-12.6%)
Government expense to GDP · 14.6% +0.87 (+6.3%)
Tax revenue to GDP · 7.6% -1.38 (-15.3%)
Government budget balance to GDP · -1.3% +1.19 (+47.8%)
Government consumption to GDP · 15.8% -1.14 (-6.8%)
Education spending to GDP · 2.5% +0.13 (+5.3%)
Health spending to GDP · 2.5% -0.05 (-2.1%)

Demography

Demography — Angola
Indicator Value Change
Population · 39,040,039 +1,154,190 (+3.0%)
Population, long-run history · 25,878 +789.10 (+3.1%)
Population growth · 3.0% -0.04 (-1.4%)
Life expectancy · 64.8 +0.19 (+0.3%)
Fertility rate · 5.05 -0.08 (-1.5%)
Birth rate · 37.2 -0.43 (-1.1%)
Death rate · 6.8 -0.08 (-1.2%)
Urban population share · 71.5% +0.81 (+1.1%)
Population aged 65 and over · 2.9% +0.04 (+1.5%)
Under-five mortality rate · 49.0 -1.50 (-3.0%)
Population density · 30.4 +0.91 (+3.1%)
Net migration · -3,524 -895.00 (-34.0%)
Gini index · 51.3 +8.60 (+20.1%)

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

No separate list is published for Angola; the database as a whole is cited above.

Economies nearby

Comparable readings from neighbouring economies.