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Statistical data (Angola)

Economic Indicators

2020(a) 2021(a) 2022(b) 2023(b)
Population (million) 32.0 32.0 33.0 33.9
GDP (US$ billion) 58.1 75.2 124.8 135.6
Real GDP Growth Rate (%) -5.8 0.8 2.9 3.4
Total Export of Goods (US$ billion) 21.0 33.9 36.8 41.8
Total Import of Goods (US$ billion) 9.3 11.4 16.5 12.5
Total Export of Services (US$ billion) 0.07 0.09 0.1(c) 0.3(c)
Total Import of Services (US$ billion) 5.6 7.1 8.9(c) 9.8(c)
Consumer Price Index (%) 22.3 25.8 21.7 11.8
Current Account Balance (US$ billion) 0.9 8.4 14.1 7.3
Exchange Rate (Angola Kwanza AOA: USD, Period Average) 578.3 631.4 460.4 536.2(c)
Remarks: (a) actual value; (b) estimated value of International Monetary Fund (IMF); (c) estimated value of Oxford Economics Source: International Monetary Fund (IMF), Oxford Economics “Country Economic Forecast – Angola (Mar 2023)”

Main export and import goods destinations 

Main export destinations (2021) Proportion in total value of exports goods (%)
China 60.4
India 9.0
United Arab Emirates 4.2
Thailand 3.0
Others 23.4
Main import origins (2021) Proportion in total value of imports goods (%)
China 15.1
Portugal 12.1
India 6.7
Togo 5.5
Others 60.6
Source: International Monetary Fund (IMF)  

Major import and export goods

Major export goods (2021) Proportion in total value of exports goods (%)
Fossil fuels, mineral oil and distilled products thereof; bituminous substances; mineral wax 94.1
Natural or cultured pearls, precious or semi-precious stones, preciousmetals, metals clad with precious metal and articles thereof; immitation jewellery; coin. 4.6
Others 1.3
Major import goods (2021) Proportion in total value of imports goods (%)
Fossil fuels, mineral oil and distilled products thereof; bituminous substances; mineral wax 16.2
Nuclear reactors, boilers, machinery and mechanical appliances and relevant spare parts 16.0
Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles 6.9
Others 60.9
Source: International Trade Center (ITC)  

Statistics on Trade in Services

Main Export of Services (2021) Proportion in total value exports of services (%)
Telecommunications, Computer & Information Services 34.0
Other business services 26.6
Tourism 23.4
Other 16.0
Main Import of Services (2021) Proportion in total value imports of services (%)
Transportation 36.3
Other Business Service 24.3
Construction 12.6
Other 26.8
Remarks:The above content is based on estimated value of UNCTAD, WTO and ITC. Source:International Trade Centre (ITC)  

Statistics of trades between Mainland China and Angola (US$ ten thousands)

Year Total Trade Total Exports value* Total Imports value**
2022 2,734,289.8 409,691.1 2,324,598.7
2021 2,334,703.4 249,348.5 2,085,345.9
2020 1,626,136.0 174,790.8 1,451,345.2
2019 2,571,012.7 205,587.1 2,365,425.6
2018 2,805,251.7 225,381.3 2,579,870.4

Remarks: * Value of goods exported to Angola from Mainland China; **Value of goods imported from Angola to Mainland China

Source: General Administration of Customs of the People’s Republic of China

Statistics on the trade goods between Macao and Angola (US$) (USD 1 » MOP 8)

Year Total trade Total exports value** Total imports value***
2022 953,018.6 953,018.6
2021 20,761.1 20,761.1
2020
2019
2018 7,313.3 7,313.3
Remarks: * Value of goods exported to Angola from Macao; **Value of goods imported from Angola to Macao. Source: Statistics and Census Service (DSEC), Macao SAR Government Source: Statistics and Census Service (DSEC), Macao SAR Government Sources:
  • Country (region) guide for foreign investment cooperation (Angola) by the Ministry of Commerce of the People’s Republic of China
  • “2021 Statistical Bulletin of China’s Outward Foreign Direct Investment” by the Ministry of Commerce of the People’s Republic of China, National Bureau of Statistics and State Administration of Foreign Exchange
  • General Administration of Customs of the People’s Republic of China
  • SinoMaps Press
  • Statistics and Census Service (DSEC), Macao SAR Government
  • International Monetary Fund (IMF)
  • International Trade Center (ITC)
  • “2022 World Investment Report” by the United Nations Conference on Trade and Development (UNCTAD)
  •  “Country Economic Forecast – Angola (Mar 2023)” by Oxford Economics
Updated in June 2023.