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Economy of Angola

Population: 21 million in 2013¹

GDP: $122 billion in 2013²

GDP per capita: $5,783 nominal³ ($7,538 PPP⁴) in 2013

GDP growth rate: 6.8% in 2013⁵

Industries

GDP by Industry 2012⁶

Industry sector	Value added ($ billions) 2012	Percent of total
Mining and utilities	51	49.6%
Wholesale, retail trade, restaurants and hotels	15	15.2%
Agriculture, hunting, forestry, fishing	10	9.5%
Construction	8	7.9%
Other activities	7	7.1%
Manufacturing	6	6.1%
Transport, storage and communication	5	4.6%
Total value added	102	100%

Employment

Unemployment rate: 6.8% in 2013⁷

Employment by Industry 2003⁸

Employment sector	Percent of total
Agriculture	85%
Industry and services	15%

Corporations

Top 10 Corporations by Revenue 2013⁹

N/A

Households

Household Wealth: $141 billion (117% of GDP) in 2014¹⁰

Household Wealth per Adult: $14,989 in 2014¹⁰

Gini Coefficient: .427 in 2013¹¹

Government

Central Government

Central Government Revenue: $53 billion (44% of GDP) in 2013¹²

Central Government Expenditure: $48 billion (40% of GDP) in 2013¹²

Central Government Budget Balance: +$5 billion (+4% of GDP) in 2013¹²

Central Government Public Debt: N/A

Central Government 10 Year Bond Interest Rate: N/A

Government Funds

Fundo Soberano de Angola: $5 billion in 2014¹³

Tax Structure

Individual Income Tax Rates and Thresholds in 2012* ¹⁴

0%: $0-$239
5% of the amount exceeding $239: $239-$287
6% of the amount exceeding $287 + $2: $288-$335
7% of the amount exceeding $335 + $5: $336-$383
8% of the amount exceeding $383 + $9: $384-$431
9% of the amount exceeding $431 + $12: $432-$478
10% of the amount exceeding $478 + $17: $479-$670
11% of the amount exceeding $670 + $36: $671-$862
12% of the amount exceeding $862 + $57: $863-$1,054
13% of the amount exceeding $1,054 + $80: $1,055-$1,340
14% of the amount exceeding $1,340 + $117: $1,341-$1,629
15% of the amount exceeding $1,628 + $158: $1,629-$1,915
16% of the amount exceeding $1,915 + $201: $1,916-$2,203
17% of the amount exceeding $2,203 + 25,750: $2,204+

Corporate Tax Rate: 35% in 2014¹⁵

* Individual thresholds calculated using the exchange rate 104.4 AOA = 1 USD

Monetary Policy

Money Supply (M0): $15 billion (12% of GDP) in Dec 2014* sup>16

Benchmark Interest Rate: Basic Rate = 9% in Feb 2015¹⁷

Total Reserves: $33 billion (27% of GDP) in 2013¹⁸

Exchange Rate: 104.4 Angolan Kwanza = 1 U.S. Dollar on Feb 2, 2015¹⁹

Inflation: 8.8% in 2013²⁰

* Money supply calculated using the exchange rate 104.4 AOA = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 2013²¹

N/A (data not available at Relbanks.com)

International Accounts

Exports: $71 billion (58% of GDP) in 2013²²

Imports: $26 billion (21% of GDP) in 2013²²

Trade Balance: +$45 billion (+37% of GDP) in 2013²²

Foreign Direct Investment Inflow: -$7 billion (-6% of GDP) in 2013²³

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: $242 million (0.2% of GDP)²⁴

Foreign Aid Outflow: N/A

References