Angola is sub-Saharan Africa's second-largest oil producer and the continent's sixth-largest economy. The economy is heavily dependent on petroleum, which accounts for approximately 95% of exports and 60% of government revenue. Sonangol, the state oil company, is a central economic actor.
Under President Joao Lourenco, the government has pursued significant economic reforms including privatization of state assets, anti-corruption campaigns, and FX liberalization (the kwanza was floated in 2019). Angola is seeking to diversify into agriculture, fisheries, mining (diamonds), and manufacturing.
Key challenges include infrastructure deficits, high cost of living in Luanda, limited human capital, and vulnerability to oil price shocks. The Luanda Corridor and Lobito Corridor (connecting DRC mining regions to Angola's Atlantic port) are major infrastructure investments.
Snapshot
Population~39.0 MWorld Bank, 2025
GDP (current USD)$122.2 BWorld Bank, 2025
GDP per Capita$3,129World Bank, 2025
GDP Growth3.13%World Bank, 2025
Inflation (y/y)~20.16%World Bank, 2025
BNA base rate19.50%Central Bank
Unemployment14.11%World Bank, ILO modelled estimate, 2025
Internet Use~40.70%World Bank, 2024
Electrification~47.00%World Bank WDI
CPI Score (Rank)33.0/100 (#121)Transparency Intl
HDI (Rank)0.586 (#148)UNDP HDR
Credit RatingS&P: B- (Stable), Aug 2026Moody's: B3 (Positive), 25 Sep 2026Fitch: B- (Stable), May 2026Long term foreign currency, checked 6 Nov 2026
MarketBODIVA (Angolan Debt and Securities Exchange)
World Bank Indicators Compare with another country
GDP (current USD)$122.2 BWorld Bank, 2025
GDP growth (annual)3.13%World Bank, 2025
GDP per capita (USD)$3,129World Bank, 2025
Population, total39.0 MWorld Bank, 2025
FDI net inflows (USD)$2.2 BWorld Bank, 2025
Inflation (consumer prices)20.16%World Bank, 2025
Unemployment (% labour force)14.11%World Bank, 2025
Internet use (% of people)40.70%World Bank, 2024
Trade (% of GDP)34.65%World Bank, 2025
Climate Readiness Full ranking
46out of 100
Emerging
Climate adaptation readiness for Angola, from 5 of 5 measured indicators.
Energy access4747.0% · 30% weight
Governance readiness3333 / 100 CPI · 20% weight
Human readiness590.586 HDI · 20% weight
Economic readiness59$3,129, 2025 · 15% weight
Digital readiness3333.0% · 15% weight
This scores climate adaptation readiness (adaptive capacity), following the readiness dimension of the ND-GAIN framework, from five measured indicators scaled 0 to 100. It does not measure emissions or physical climate vulnerability. Energy access is the most climate-specific of the five; the others cover governance, the economy, human development and digital readiness. The economic sub-score is relative to the African countries we cover.
How this is computed
Adaptive capacity to absorb climate finance and adapt, following the readiness dimension of the ND-GAIN framework, from measured indicators only. It is not a measure of emissions or physical climate vulnerability.
- Energy access (30%): World Bank, access to electricity (% of population). The single most climate and energy specific signal held: SDG 7 and the clean-energy transition.
- Governance readiness (20%): Transparency International, Corruption Perceptions Index (0-100). ND-GAIN governance readiness: the capacity to govern and deploy climate finance. Higher is cleaner.
- Human readiness (20%): UNDP, Human Development Index (0-1). ND-GAIN social readiness: the adaptive capacity of the population.
- Economic readiness (15%): World Bank, GDP per capita (current US$), latest measured year. ND-GAIN economic readiness: the capacity to finance adaptation. Scored relative to the covered set.
- Digital readiness (15%): World Bank, individuals using the Internet (% of population). Information systems for early warning and adaptation.
A country is scored only when at least 4 of the five indicators are held. Sub-scores are weighted and renormalised over the indicators that are present; nothing is estimated for one that is absent.
Country Facts
CapitalLuanda
RegionCentral Africa
CurrencyAngolan Kwanza (AOA)
FX RegimeManaged float
Stock ExchangeBODIVA (Angolan Debt and Securities Exchange)
Investment Promotion AgencyPrivate Investment and Export Promotion Agency (AIPEX)
Legal SystemCivil law (Portuguese-influenced)
Time ZoneAfrica/Luanda
Focus Sectors
Oil & Gas
Diamonds
Agriculture
Fisheries
Manufacturing
Construction
Banking
Telecoms
Transport
Mining
Doing Business
Angola's business environment is improving but remains challenging. Company registration is handled by the Guiche Unico da Empresa (GUE), the one-stop shop in Luanda. Registration typically takes 5-10 days.
Key steps:
The Private Investment Law (2018) eliminated minimum investment thresholds and mandatory local partnerships for most sectors. The AIPEX agency facilitates foreign investment and administers incentives under the new framework.
Key steps:
- Reserve company name at GUE
- Deposit minimum capital at a commercial bank
- Register at the Commercial Registry
- Obtain tax registration (NIF) from AGT
- Register with Social Security (INSS)
- Register investment with AIPEX for incentives
The Private Investment Law (2018) eliminated minimum investment thresholds and mandatory local partnerships for most sectors. The AIPEX agency facilitates foreign investment and administers incentives under the new framework.
Investment facilitation: Private Investment and Export Promotion Agency (AIPEX)
Trade
Exports $42.29B (2024)
4.8% to other African countries
Top export partners
China37.9%
India14.2%
Spain6.5%
USA6.4%
France4.1%
Indonesia4.1%
United Arab Emirates2.9%
Singapore2.9%
Brazil2.4%
South Africa1.9%
Top export products (HS 4)
Petroleum oils and oils obtained from bituminous minerals76.2%
Diamonds, whether or not worked, but not mounted or set8.0%
Petroleum gases and other gaseous hydrocarbons5.8%
Light-vessels, fire-floats, dredgers, floating cranes, other vessels3.4%
Cruise ships, excursion boats, ferry-boats, cargo ships, barges and similar vessels for the transport of persons or goods1.9%
Petroleum oils and oils from bituminous minerals, not crude1.1%
Tugs and pusher craft0.7%
Vessels0.5%
Aircraft n.e.c. in heading no. 8801, except unmanned aircraft of heading 8806, (e.g. helicopters, aeroplanes)0.2%
Granite, porphyry, basalt, sandstone, other monumental and building stone, whether or not roughly trimmed, cut, by sawing etc, into blocks or slabs of a rectangular (including square) shape0.1%
By HS chapter
Mineral fuels, mineral oils and products of their distillation 83.3%Natural, cultured pearls 8.0%Ships, boats and floating structures 6.4%Machinery and mechanical appliances, boilers, nuclear reactors 0.5%Iron and steel 0.2%Salt 0.2%Aircraft, spacecraft, and parts thereof 0.2%Fish and crustaceans, molluscs and other aquatic invertebrates 0.1%Aluminium and articles thereof 0.1%Copper and articles thereof 0.1%
Imports $14.54B (2024)
7.5% from other African countries
Top import partners
China17.3%
Portugal9.0%
India5.6%
USA5.4%
United Kingdom5.3%
Rep. of Korea4.5%
Belgium4.2%
France4.1%
Italy4.0%
Brazil3.8%
Top import products (HS 4)
Petroleum oils and oils from bituminous minerals, not crude17.0%
Wheat and meslin4.1%
Taps, cocks, valves and similar appliances for pipes, boiler shells, tanks, vats or the like, including pressure-reducing valves and thermostatically controlled valves2.9%
Meat and edible offal of poultry2.0%
Rice1.8%
Tubes, pipes and hollow profiles, seamless, of iron (other than cast iron) or steel1.8%
Motor cars and other motor vehicles1.7%
Machinery and mechanical appliances1.5%
Medicaments1.4%
Vehicles1.2%
By HS chapter
Machinery and mechanical appliances, boilers, nuclear reactors 17.8%Mineral fuels, mineral oils and products of their distillation 17.2%Electrical machinery and equipment and parts thereof 6.6%Iron or steel articles 6.5%Cereals 6.4%Vehicles 5.6%Plastics and articles thereof 3.5%Optical, photographic, cinematographic, measuring, checking, medical or surgical instruments and apparatus 2.9%Meat and edible meat offal 2.9%Animal, vegetable or microbial fats and oils and their cleavage products 2.0%
Source: CEPII BACI (version 202601, updated 22 Jan 2026), Etalab 2.0 (licence). Goods only, HS 2022, current USD, 2024. Aggregated by allbusiness.africa.
Regulations & Taxes
Corporate Income Tax25% standard (15% agriculture)
VAT / Sales Tax14% standard
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View AllASSOCIACAO DE ALDEIAS DE CRIANCAS SOS ANGOLA: PRO - CRIANÇA PROMOVER E PROTEGER OS DIREITOS DA CRIANÇA EM SITUAÇÃO DE VULNERABILIDADE MÚLTIPLA E VÍTIMA DE FORMAS CRUZADAS DE DISCRIMINAÇÃO.
Directorate-General for International Partnerships (INTPA)
ASSOCIACAO DE ALDEIAS DE CRIANCAS SOS ANGOLA: PRO - CRIANÇA PROMOVER E PROTEGER OS DIREITOS DA CRIANÇA EM SITUAÇÃO DE VULNERABILIDADE MÚLTIPLA E VÍTIMA DE FORMAS CRUZADAS DE DISCRIMINAÇÃO.
Directorate-General for International Partnerships (INTPA)
CESO CI INTERNACIONAL SA: ADDENDUM TO CONTRACT FED/2019/408193 - TECHNICAL ASSISTANCE FOR THE IMPLEMENTATION OF THE DIALOGUE FACILITY EU-ANGOLA II
Directorate-General for International Partnerships (INTPA)
FUNDACION CODESPA: REDEMPREENDE: REFORÇAR O ECOSSISTEMA DE EMPRRENDEDORISMO NO SEIO DE JOVENS PERI-URBANOS E RURAIS NAS PROVÍNCIAS DE LUANDA, HUÍLA E CUNENE, ARTICULANDO OPORTUNIDADES DE EMPREENDEDORISMO.
Directorate-General for International Partnerships (INTPA)