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Presentation of Angola : Economy

National Currency:
Angolan New Kwanza (AON)
Exchange Rate on :


Type of Economy:
Lower-middle-income economy
Relative wealth thanks to oil but only a tiny part of the population benefits from it.
GDP
(billions USD) :
124.79 (Source: IMF – World Economic Outlook Database, 2022)
GDP
(Constant Prices, Annual % Change) :
2.9 (Source: IMF – World Economic Outlook Database, 2022)
GDP per Capita
(USD) :
3 (Source: IMF – World Economic Outlook Database, 2022)
General Government Gross Debt
(in % of GDP) :
56.6 (Source: IMF – World Economic Outlook Database, 2022)
Inflation Rate
(%) :
21.7 (Source: IMF – World Economic Outlook Database, 2022)
Employment By Sector
(in % of Total Employment) :
Agriculture (50.7), Industry (6.8), Services (42.5) (Source: World Bank, Latest available data.)
Value Added
(in % of GDP) :
Agriculture (9.4), Industry (44.8), Services (41.4) (Source: World Bank, Latest available data.)

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Latest Update: November 2022