Angola: Economic growth: the rate of change of real GDP: The latest value from 2024 is 4.42 percent, an increase from 1.08 percent in 2023. In comparison, the world average is 3.20 percent, based on data from 177 countries. Historically, the average for Angola from 1981 to 2024 is 3.37 percent. The minimum value, -23.98 percent, was reached in 1993 while the maximum of 15.03 percent was recorded in 2005.

The Gross Domestic Product (GDP) in Angola was worth 80.40 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Angola represents 0.08 percent of the world economy. This dataset provides - Angola GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Angola AO: GDP: Growth data was reported at 1.001 % in 2023. This records a decrease from the previous number of 3.045 % for 2022. Angola AO: GDP: Growth data is updated yearly, averaging 3.055 % from Dec 1981 (Median) to 2023, with 43 observations. The data reached an all-time high of 15.030 % in 2005 and a record low of -23.983 % in 1993. Angola AO: GDP: Growth data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Angola – Table AO.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2015 prices, expressed in U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;

Angola has an oil-driven economy: The sector accounted for roughly one-third of the country’s GDP in the third quarter of 2021. The economic contribution of the oil and gas industry has fluctuated in the last decade, reaching a share of 43 percent in 2011. As Africa’s second-largest oil producer, Angola has been recording a downward trend in the commodity output, which places obstacles to the country’s economic growth.

Stagnant production challenges the oil industry

Crude oil and natural gas account for almost the totality of Angola’s exports. As of the fourth quarter of 2020, the items had a share of over 90 percent in the total export trade. The Angolan oil and gas industry faces, however, a current challenge on how to reverse the stagnant production. After reaching roughly 1.8 billion barrels of oil per day in 2015, Angola’s oil production decreased annually. In 2020, amid the impacts of the coronavirus (COVID-19) pandemic, the output reached the lowest level in recent years, some 1.3 million barrels per day.

How other sectors contribute to the economy

In addition to the oil industry, Angola’s economy strongly relies on the service sector. Specifically, wholesale and retail trade added 17.4 percent to the country’s GDP in the third quarter of 2021. Together with fishery and mining, the industry presented the strongest performance among all Angolan economic sectors in the mentioned period. By 2022, the national economy is expected to register an overall GDP growth rate of 2.4 percent, the first positive result since 2016.

Contains data from the World Bank's data portal covering the following topics which also exist as individual datasets on HDX: Agriculture and Rural Development, Aid Effectiveness, Economy and Growth, Education, Energy and Mining, Environment, Financial Sector, Health, Infrastructure, Social Protection and Labor, Poverty, Private Sector, Public Sector, Science and Technology, Social Development, Urban Development, Gender, Millenium development goals, Climate Change, External Debt, Trade.

The latest data from show economic growth of 3.6 percent, which is a decrease from the rate of growth of 5.5 percent in the previous quarter and
an increase compared to the growth rate of 2 percent in the same quarter last year. The economic growth time series for Angola cover the period from...

The Gross Domestic Product (GDP) in Angola expanded 2.30 percent in the first quarter of 2025 over the previous quarter. This dataset provides the latest reported value for - Angola GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Angola AO: GDP: Real: per Capita data was reported at 41,878.654 AOA in 2023. This records a decrease from the previous number of 42,801.050 AOA for 2022. Angola AO: GDP: Real: per Capita data is updated yearly, averaging 44,962.647 AOA from Dec 1980 (Median) to 2023, with 44 observations. The data reached an all-time high of 59,302.603 AOA in 2014 and a record low of 27,022.878 AOA in 1994. Angola AO: GDP: Real: per Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Angola – Table AO.World Bank.WDI: Gross Domestic Product: Real. GDP per capita is gross domestic product divided by midyear population. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant local currency.;World Bank national accounts data, and OECD National Accounts data files.;;

Angola AO: General Government: Expenditure: % of GDP data was reported at 16.853 % in 2030. This records a decrease from the previous number of 17.138 % for 2029. Angola AO: General Government: Expenditure: % of GDP data is updated yearly, averaging 24.936 % from Dec 1997 (Median) to 2030, with 34 observations. The data reached an all-time high of 47.201 % in 2008 and a record low of 16.853 % in 2030. Angola AO: General Government: Expenditure: % of GDP data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Angola – Table AO.IMF.FM: Government Finance Statistics.

Economic growth, quarterly in Angola, December, 2024 The most recent value is 0.06 percent as of Q4 2024, a decline compared to the previous value of 2.17 percent. Historically, the average for Angola from Q2 2014 to Q4 2024 is 0.3 percent. The minimum of -8.83 percent was recorded in Q1 2015, while the maximum of 10.4 percent was reached in Q4 2014. | TheGlobalEconomy.com

Angola: Economic growth forecast: The latest value from 2030 is 3.09 percent, an increase from 2.98 percent in 2029. In comparison, the world average is 3.25 percent, based on data from 182 countries. Historically, the average for Angola from 1980 to 2030 is 4.77 percent. The minimum value, -4.4 percent, was reached in 1981 while the maximum of 14.15 percent was recorded in 2005.

Angola AO: GDP: USD: Gross National Income: Atlas Method data was reported at 78.049 USD bn in 2023. This records an increase from the previous number of 66.533 USD bn for 2022. Angola AO: GDP: USD: Gross National Income: Atlas Method data is updated yearly, averaging 19.001 USD bn from Dec 1985 (Median) to 2023, with 39 observations. The data reached an all-time high of 130.422 USD bn in 2014 and a record low of 2.453 USD bn in 1994. Angola AO: GDP: USD: Gross National Income: Atlas Method data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Angola – Table AO.World Bank.WDI: Gross Domestic Product: Nominal. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current U.S. dollars. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States.;World Bank national accounts data, and OECD National Accounts data files.;Gap-filled total;

Angola AO: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data was reported at 17.648 % in 2023. This records an increase from the previous number of 13.710 % for 2022. Angola AO: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data is updated yearly, averaging 32.021 % from Dec 1990 (Median) to 2023, with 34 observations. The data reached an all-time high of 4,800.532 % in 1996 and a record low of -16.762 % in 2009. Angola AO: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Angola – Table AO.World Bank.WDI: Inflation. Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years.;World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.;;

Angola AO: Imports: Goods: by Reporting Economy data was reported at 15.689 USD bn in 2023. This records a decrease from the previous number of 16.225 USD bn for 2022. Angola AO: Imports: Goods: by Reporting Economy data is updated yearly, averaging 1.914 USD bn from Dec 1960 (Median) to 2023, with 58 observations. The data reached an all-time high of 28.708 USD bn in 2012 and a record low of 107.800 USD mn in 1961. Angola AO: Imports: Goods: by Reporting Economy data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Angola – Table AO.World Bank.WDI: Imports. Merchandise imports by the reporting economy are the total merchandise imports by the reporting economy from the rest of the world, as reported in the IMF's Direction of trade database. Data are in current U.S. dollars.;World Bank staff estimates based data from International Monetary Fund's Direction of Trade database.;Sum;

Angola AO: GDP: Growth:(GDP) Gross Domestic Productper Capita data was reported at -2.063 % in 2023. This records a decrease from the previous number of -0.144 % for 2022. Angola AO: GDP: Growth:(GDP) Gross Domestic Productper Capita data is updated yearly, averaging -0.303 % from Dec 1981 (Median) to 2023, with 43 observations. The data reached an all-time high of 11.222 % in 1995 and a record low of -26.374 % in 1993. Angola AO: GDP: Growth:(GDP) Gross Domestic Productper Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Angola – Table AO.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual percentage growth rate of GDP per capita based on constant local currency. GDP per capita is gross domestic product divided by midyear population. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;

Angola: Economic decline index, 0 (low) - 10 (high): The latest value from 2024 is 8.2 index points, unchanged from 8.2 index points in 2023. In comparison, the world average is 5.54 index points, based on data from 176 countries. Historically, the average for Angola from 2007 to 2024 is 6.03 index points. The minimum value, 4 index points, was reached in 2008 while the maximum of 8.4 index points was recorded in 2021.

Angola AO: GDP: % of GDP: Trade data was reported at 66.534 % in 2023. This records a decrease from the previous number of 69.699 % for 2022. Angola AO: GDP: % of GDP: Trade data is updated yearly, averaging 89.306 % from Dec 2002 (Median) to 2023, with 22 observations. The data reached an all-time high of 122.446 % in 2009 and a record low of 52.257 % in 2017. Angola AO: GDP: % of GDP: Trade data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Angola – Table AO.World Bank.WDI: Gross Domestic Product: Share of GDP. Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;

Angola AO: GDP: PPP data was reported at 295,495.059 Intl $ mn in 2023. This records an increase from the previous number of 282,403.642 Intl $ mn for 2022. Angola AO: GDP: PPP data is updated yearly, averaging 117,418.171 Intl $ mn from Dec 1990 (Median) to 2023, with 34 observations. The data reached an all-time high of 295,495.059 Intl $ mn in 2023 and a record low of 30,390.585 Intl $ mn in 1993. Angola AO: GDP: PPP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Angola – Table AO.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. This indicator provides values for gross domestic product (GDP) expressed in current international dollars, converted by purchasing power parity (PPP) conversion factor. GDP is the sum of gross value added by all resident producers in the country plus any product taxes and minus any subsidies not included in the value of the products. PPP conversion factor is a spatial price deflator and currency converter that eliminates the effects of the differences in price levels between countries. From April 2020, “GDP: linked series (current LCU)” [NY.GDP.MKTP.CN.AD] is used as underlying GDP in local currency unit so that it’s in line with time series of PPP conversion factors for GDP, which are extrapolated with linked GDP deflators.;International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme.;Gap-filled total;

Angola: Informal economy, DGE method: The latest value from 2020 is 40.4 percent, an increase from 40.2 percent in 2019. In comparison, the world average is 28.16 percent, based on data from 156 countries. Historically, the average for Angola from 1990 to 2020 is 41.25 percent. The minimum value, 39.6 percent, was reached in 2015 while the maximum of 43.3 percent was recorded in 1990.

Angola AO: Total Natural Resources Rents: % of GDP data was reported at 29.967 % in 2021. This records an increase from the previous number of 20.248 % for 2020. Angola AO: Total Natural Resources Rents: % of GDP data is updated yearly, averaging 29.252 % from Dec 1980 (Median) to 2021, with 42 observations. The data reached an all-time high of 59.143 % in 2000 and a record low of 5.524 % in 1982. Angola AO: Total Natural Resources Rents: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Angola – Table AO.World Bank.WDI: Environmental: Land Use, Protected Areas and National Wealth. Total natural resources rents are the sum of oil rents, natural gas rents, coal rents (hard and soft), mineral rents, and forest rents.;World Bank staff estimates based on sources and methods described in the World Bank's The Changing Wealth of Nations.;Weighted average;