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Economy of Angola. Statistics, Data and Indicators

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Angola
N/AN/A Credit rank #
N/A Quality of life #
116 Corruption rank#151
177 Ease of doing business#151
Angola


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



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