Economy of Angola. Statistics, Data and Indicators
Angola
| N/AN/A | Credit rank # |
| N/A | Quality of life # |
| 116 | Corruption rank#151 |
| 177 | Ease of doing business#151 |
Angola Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 107 USD Billion | 2022 |
| GDP Annual Growth Rate | 0 % | 2Q/23 |
| GDP per capita | 2299 USD | 2022 |
| Inflation Rate YoY | 13.54 % | Aug/23 |
| Interest Rate | 17 % | Sep/23 |
| Unemployment Rate | 29.6 % | 2022 |
| Balance of Trade | 4639 USD Million | 4.639 B USD | 1Q/23 |
| Current Account | 11775 USD Million | 11.775 B USD | 2022 |
| Foreign Exchange Reserves | 14018 AOA Billion | 16.939 B USD | Aug/23 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 107 USD Billion | 2022 |
| GDP Annual Growth Rate | 0 % | 2Q/23 |
| GDP per capita | 2299 USD | 2022 |
| GDP per capita PPP | 5906 USD | 2022 |
| GDP From Agriculture | 26084 AOA Billion | 31.52 B USD | 2023 |
| GDP From Construction | 16723 AOA Billion | 20.208 B USD | 2023 |
| GDP From Manufacturing | 14271 AOA Billion | 17.245 B USD | 2023 |
| GDP From Mining | 6565 AOA Billion | 7.933 B USD | 2023 |
| GDP From Public Administration | 24096 AOA Billion | 29.118 B USD | 2023 |
| GDP From Services | 49293 AOA Billion | 59.566 B USD | 2023 |
| GDP From Transport | 4600 AOA Billion | 5.559 B USD | 2023 |
| GDP From Utilities | 3516 AOA Billion | 4.249 B USD | 2023 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 56.1 % | 2022 |
| Government Budget Value | 560 AOA Million | 0.001 B USD | 2023 |
| Government Spending | 9769 AOA Million | 0.012 B USD | 2023 |
| Government Revenues | 13462 AOA Million | 0.016 B USD | 2023 |
| Fiscal Expenditure | 12902 AOA Million | 0.016 B USD | 2023 |
| Government Budget to GDP | 2.7 % | 2022 |
| Military Expenditure | 1623 USD Million | 1.623 B USD | 2022 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 159 Index Points | Aug/23 |
| Food Inflation | 15.3 % | Aug/23 |
| Inflation Rate YoY | 13.54 % | Aug/23 |
| Producer Prices | 518 Index points | Aug/23 |
| Inflation Rate Mom | 2.04 % | Aug/23 |
| CPI Housing Utilities | 424 Index Points | Jul/23 |
| CPI Transportation | 343 Index Points | Jul/23 |
| Producer Prices Change | 17.79 % | Aug/23 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | 11.4 % | 2022 |
| Balance of Trade | 4639 USD Million | 4.639 B USD | 1Q/23 |
| Capital Flows | -7952 USD Million | -7952000 B USD | 2022 |
| Current Account | 11775 USD Million | 11.775 B USD | 2022 |
| Exports | 8690 USD Million | 8.69 B USD | 1Q/23 |
| External Debt | 52066 USD Million | 52.066 B USD | 2022 |
| Foreign Exchange Reserves | 14018 AOA Billion | 16.939 B USD | Aug/23 |
| Imports | 4051 USD Million | 4.051 B USD | 1Q/23 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Bank Lending Rate | 20.15 % | Aug/23 |
| Gold Reserves | 19.07 Tonnes | Oct/18 |
| Interbank Rate | 12.14 % | Aug/23 |
| Interest Rate | 17 % | Sep/23 |
| Loans to Private Sector | 5195692 AOA Million | 6.278 B USD | Aug/23 |
| Money Supply M1 | 7532910 AOA Million | 9.103 B USD | Aug/23 |
| Money Supply M2 | 14258294 AOA Million | 17.23 B USD | Aug/23 |
| Money Supply M3 | 14258294 AOA Million | 17.23 B USD | Aug/23 |
| Central Bank Balance Sheet | 15579 AOA Billion | 18.826 B USD | Aug/23 |
| Deposit Interest Rate | 7.1 % | 2022 |
| Foreign Direct Investment | 6874 USD Million | 6.874 B USD | 2022 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Minimum Wages | 32181 AOA/Month | 38.888 USD/Month | 2023 |
| Unemployment Rate | 29.6 % | 2022 |
| Living Wage Family | 149400 AOA/Month | 258.137 USD/Month | 2018 |
| Living Wage Individual | 61900 AOA/Month | 106.952 USD/Month | 2018 |
| Wages High Skilled | 211500 AOA/Month | 365.435 USD/Month | 2018 |
| Wages Low Skilled | 47400 AOA/Month | 81.899 USD/Month | 2018 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 25 % | 2022 |
| Personal Income Tax Rate | 25 % | 2023 |
| Sales Tax Rate | 14 % | 2023 |
| Social Security Rate | 11 % | 2023 |
| Social Security Rate For Companies | 8 % | 2023 |
| Social Security Rate For Employees | 3 % | 2023 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Crude Oil Production | 1129 BBL/D/1K | Aug/23 |
| Industrial Production | -6.2 % | 1Q/23 |
| Mining Production | -10.3 % | 1Q/23 |
| Industrial Production (MoM) | -5.3 % | 1Q/23 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Business Confidence | 13 Index Points | 4Q/22 |
| Corruption Index | 33 Index Points | 2022 |
| Corruption Rank | 116 place | 2022 |
| Ease of Doing Business | 177 place | 2019 |
| Manufacturing Production | 3.3 % | 1Q/23 |
| Competitiveness Index | 38.11 Index Points | 2019 |
| Competitiveness Rank | 136 | 2019 |
