What is the GDP of Angola?

Angola's GDP is approximately $101 billion USD. The GDP growth rate is 4.4%.

What is the population of Angola?

Angola has a population of approximately 37.9 million people. The population growth rate is 3%.

What is the inflation rate in Angola?

The inflation rate in Angola is 28.2%.

What is the unemployment rate in Angola?

The unemployment rate in Angola is 14.1%.

What is the GDP per capita of Angola?

Angola's GDP per capita is approximately $2,666 USD.

Is Angola a good country to invest in?

Angola has an investment score of 33/100, classified as "Caution" risk. Key sectors include Energy (Oil & Gas), Mining (Diamonds), Agriculture. Credit rating: NR.

How open is Angola's economy to trade?

Angola's trade openness (trade as % of GDP) is 51%. Exports total approximately $31.8B and imports $19.6B.

How much foreign investment does Angola attract?

Foreign direct investment (FDI) in Angola is -1.1% of GDP. There may be opportunities for early-mover investors.

What are the main economic sectors in Angola?

Angola's economy is composed of services (41% of GDP), industry (35% of GDP), and agriculture (22% of GDP).

Can I start a business in Angola as a foreigner?

Angola offers various options for foreign entrepreneurs. Visit our business setup guide for Angola for detailed information on entity types, registration steps, costs, tax rates, and foreign ownership rules.

Is Angola's economy growing?

Angola's GDP growth rate is 4.4%. This is above the global average, indicating strong economic momentum.

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Angola Economy Overview

Name: Angola Economic Data
Creator: NationsData
License: https://datacatalog.worldbank.org/public-licenses#cc-by

Sub-Saharan AfricaLower MiddleCapital: LuandaAGO

Caution

Growing

101B USD

GDP (Nominal)

Growing at 4.4%

$2,666

GDP Per Capita

Developing economy

37.9M

Population

+3% annual growth

High

28.2%

Inflation

Elevated

51%of GDP

Trade Openness

-1.1%of GDP

FDI Inflows

Public Debt

High

14.1%

Unemployment

Surplus

+$12.2B

Trade Balance

GDP

Billion USD, nominal

$101B

2024-6.2B

GDP Growth

Annual %

4.4%

2024+3.1%

Inflation

Consumer prices, annual %

28.2%

2024+14.6%

Population

Millions

37.9M

2024+1.1M

Economic Structure

Services41%

Industry35%

Agriculture22%

Investment Score Breakdown

Economic Health (30%)35

Political Safety (25%)22

Business Climate (20%)30

Financial Strength (15%)38

Growth Potential (10%)35

Key Sectors

Energy (Oil & Gas)

35% of GDP

declining

Mining (Diamonds)

5% of GDP

stable

Agriculture

8% of GDP

growing

Construction

6% of GDP

growing

Should I Invest in Angola?

CautionSetup: ModerateROI: Moderate

Angola scores 33/100 on the NationsData Investment Index, rated "Caution". Growth is subdued at 1.2%.

Investment Score33/100

GDP Growth1.2%

Inflation13.5%

FDI/GDP3.5%

Public Debt65%

Political Stability-0.4

Strengths

Risks

-Significant political instability - governance risks may affect business continuity
-High inflation (13.5%) - erodes margins and purchasing power
-Corruption is a significant concern - budget for compliance and due diligence

Also Consider

Nigeria

Same region, similar income level, faster growth (2.9%)

Mauritania

Same region, similar income level, faster growth (4.5%)

Kenya

Same region, similar income level, faster growth (5%)

Cameroon

Same region, similar income level, faster growth (4%)

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Kenya

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