21, Nov 2009, CST. Welcome to the Angola economic statistics pages provided by the beta version of EconomyWatch.com’s Econ Stats database.

Economic Indicators For: Angola › Change country
National or Regional Currency: New Kwanza, AON
Year of data: 2008 › Change year
Number of Indicators Listed: 19
Full Dataset: From Year 1980 to 2013
Date of Last Update: 1 Sept 2009
Population: 12,799,293 (July 2009 est.)
Area: total: 1,246,700 sq km land: 1,246,700 sq km water: 0 sq km
Natural Resources: petroleum, diamonds, iron ore, phosphates, copper, feldspar, gold, bauxite, uranium
Government Type: Angola government type
Government Ministers: Angola ministers
Capital: Luanda
Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook

Angola's high growth rate is driven by its oil and gas sector, which has taken advantage of high international oil and gas prices or pricing. Oil and gas production and its supporting activities contribute approximately 85 per cent of Gross Domestic Product (GDP). Increased oil and gas production given support to growth averaging more than 15 per cent per year from 2004 to 2007. A postwar reconstruction and building boom and resettlement of displaced persons has led to high rates of growth in construction and building and Agriculture, fisheries and farming as well. Much of the country's infrastructure and facilities is still damaged or undeveloped from the 27-year-long civil war. Remnants of the dispute such as widespread land mines still mar the countrieside even though an apparently durable peace was established after the death of rebel leader Jonas SAVIMBI in February 2002. Subsistence Agriculture, fisheries and farming provides the main livelihood for most of the people, but half of the country's food stuffs must still be imported. In 2005, the state started using a US$2 bn line of credit, since increased to US$7 bn, from China to rebuild Angola's public infrastructure and facilities, and several large-scale projects were completed in 2006. Angola also has large credit lines from Brazil, Portugal, Germany, Spain, and the European Union (EU). The central bank in 2003 implemented a Currency Exchange Rate stabilization program using foreign currency exchange national reserves to buy kwanzas out of circulation. This policy became more maintainable in 2005 because of strong oil and gas export revenues; it has markedly reduction ofd inflation rates. Although consumer inflation rates declined from 325 per cent in 2000 to under 13 per cent in 2008, the stabilization policy has put pressure on international net liquidity. Angola became a member of Oil and Petroleum Exporting Countries (OPEC) in late 2006 and in late 2007 was assigned a production quota of 1.9 mn barrels a day, somewhat less than the 2-2.5 mn bbl Angola's government had wanted. To fully take advantage of its rich national natural resources - gold, diamonds, extensive forests, Atlantic fisheries, and large oil and gas deposits - Angola will need to implement reform to the state, increase transparency andopen or freeness, and reduction of corruption (including cronyism and nepotism). The government has rejected a formal International Monetary Fund (IMF) monitored program, although it perpetuates Article IV consultations and ad hoc cooperation. corruption (including cronyism and nepotism), especially in the extractive sectors, and the negative knock-on effects of large in flows of foreign currency exchange, are serious problems facing Angola.
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GDP (Constant Prices, National Currency) for Angola in year 2008 is AON 245.594 Billion. Real GDP is expressed in billions of national currency units; the base year is country-specific.

GDP Growth (Constant Prices, National Currency) for Angola in year 2008 is 14.798 %. Annual percentages of constant price GDP are year-on-year changes; the base year is country-specific.

GDP (Current Prices, National Currency) for Angola in year 2008 is AON 6,256.54 Billion. GDP is expressed in billions of national currency units.

GDP (Current Prices, US Dollars) for Angola in year 2008 is US$ 83.384 Billion. Values are based upon GDP in national currency and the exchange rate projections provided by country economists for the group of other emerging market and developing countries. Exchanges rates for advanced economies are established in the WEO assumptions for each WEO exercise.

GDP Deflator for Angola in year 2008 is 2,547.52 (Index, Base Year as per country's accounts = 100). The GDP deflator is derived by dividing current price GDP by constant price GDP and is considered to be an alternate measure of inflation. Please note: Data are expressed in the base year of each country's national accounts.

GDP Per Capita (Constant Prices, National Currency) for Angola in year 2008 is AON 14,612.09 . GDP is expressed in constant national currency per person. Data are derived by dividing constant price GDP by total population.

GDP Per Capita (Current Prices, National Currency) for Angola in year 2008 is AON 372,245.44 . GDP is expressed in current national currency per person. Data are derived by dividing current price GDP by total population.

GDP Per Capita (Current Prices, US Dollars) for Angola in year 2008 is US$ 4,961.08 . GDP is expressed in current U.S. dollars per person. Data are derived by first converting GDP in national currency to U.S. dollars and then dividing it by total population.

Output Gap, Percent of Potential GDP for Angola in year 2008 is not available

GDP (PPP), US Dollars for Angola in year 2008 is US$ 106.41 Billion. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

GDP Per Capita (PPP), US Dollars for Angola in year 2008 is US$ 6,331.07 . These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

GDP Share of World Total (PPP) for Angola in year 2008 is 0.15 %. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

Implied PPP Conversion Rate for Angola in year 2008 is 58.797 . These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

Investment (% of GDP) for Angola in year 2008 is not available

Gross National Savings (% of GDP) for Angola in year 2008 is not available

Inflation, Average Consumer Prices (Indexed to Year 2000) for Angola in year 2008 is 2,642.36 (Index, Base Year 2000 = 100). Data for inflation are averages for the year, not end-of-period data. The index is based on 2000=100.

Inflation (Average Consumer Price Change %) for Angola in year 2008 is 12.465 %. Data for inflation are averages for the year, not end-of-period data.

Inflation, End of Year (Indexed to Year 2000) for Angola in year 2008 is 1,730.21 (Index, Base Year 2000 = 100). Data for inflation are end of the period, not annual average data. The index is based on 2000=100.

Inflation (End of Year Change %) for Angola in year 2008 is 13.17 %. Data for inflation are end of the period, not annual average data.

Six-month London Interbank Offered Rate (LIBOR) Change % for Angola in year 2008 is not available

Unemployment Rate (% of Labour Force) for Angola in year 2008 is not available

Employment for Angola in year 2008 is not available

Population for Angola in year 2008 is 16.808 Million .

General Government Balance (National Currency) for Angola in year 2008 is not available

General Government Balance (% of GDP) for Angola in year 2008 is not available

General Government Structural Balance (National Currency) for Angola in year 2008 is not available

General Government Structural Balance (% Potential GDP) for Angola in year 2008 is not available

General Government Net Debt (National Currency) for Angola in year 2008 is not available

General Government Net Debt (% GDP) for Angola in year 2008 is not available

General Government Gross Debt (National Currency) for Angola in year 2008 is not available

General Government Gross Debt (% GDP) for Angola in year 2008 is not available

Current Account Balance (US Dollars) for Angola in year 2008 is US$ 17.671 Billion. Balance of payments data are based upon the methodology of the 5th edition of the International Monetary Fund's Balance of Payments Manual (1993). Data for the world total reflects errors, omissions, and asymmetries in balance of payments statistics on current account, as well as the exclusion of data for international organizations and a limited number of countries. Calculated as the sum of the balance of individual countries.

Current Account Balance (% GDP) for Angola in year 2008 is 21.192 %. Balance of payments data are based upon the methodology of the 5th edition of the International Monetary Fund's Balance of Payments Manual (1993). Data for the world total reflects errors, omissions, and asymmetries in balance of payments statistics on current account, as well as the exclusion of data for international organizations and a limited number of countries. Calculated as the sum of the balance of individual countries.