Angola flag

Angola

Republic of Angola
Portuguese Currency AOA Civil law SADC • AfCFTA

A Southern African oil exporter diversifying beyond hydrocarbons, with an active reform agenda around investment facilitation, fiscal stability, logistics and digitalisation. Recent policy focus has been on reducing inflation, stabilising FX, and widening the non oil growth base.

Overview

Growth momentum is improving as non oil sectors expand and FX and inflation pressures gradually ease. Angola has ratified the AfCFTA and is deepening SADC integration, while institutions such as GUE one stop business registry, AGT tax administration, and AIPEX investment and export promotion streamline investor interactions.

Snapshot

Population
~37.9 M 2024
World Bank
GDP current USD
$106.7 B 2022
World Bank
GDP per Capita
$2,1 K 2024 est.
World Bank
Inflation y over y
18.9% Aug 2025
WB and TE series
Policy Rate
19.5% May 2025
Reuters
Internet Use
44.8% 2023
World Bank
Electrification
51.1% 2023
World Bank
Market Note
BODIVA bond market
Exchange

Focus Sectors

Oil and Gas Diamonds and Mining Agribusiness Logistics and Corridors Construction and Materials Power and Grid Digital and Data Centers Automotive Trading Water and Utilities Health Education Tourism Okavango

Trade

Top Export Partners 2023

  • China42.7%
  • India10.0%
  • France7.1%
  • Netherlands6.7%
  • Spain4.3%
WITS and UN Comtrade

Top Export Goods

Crude petroleum LNG Diamonds

Top Import Partners 2023

  • China16.0%
  • Portugal10.8%
  • Korea, Rep.9.2%
  • Netherlands6.8%
  • India6.1%
WITS and UN Comtrade

Top Import Goods 2023

  • Refined petroleum$3.38 B
  • Wheat$0.61 B
  • Cars$0.43 B
  • Delivery trucks$0.37 B
  • Valves$0.32 B
OEC 2023

Finance and Capital Markets

Currency and Policy

  • CurrencyAngolan Kwanza AOA
  • Monetary policy rate19.5%
  • FX regimeFlexible rate with BNA auctions
BNA and Reuters and IMF

Markets

  • ExchangeBODIVA bonds listed, equity board in development
  • Capital flowGradual liberalisation, investor FX access via banks
BODIVA and IMF

Regulations and Taxes

Start a Business

  1. Check name and draft statutes — GUE
  2. Register company and obtain NIF — GUE and AGT
  3. Open bank account, deposit capital
  4. Licensing as required — MINDCOM
  5. Register for taxes and e invoicing — AGT
  6. Investment incentives — AIPEX
GUE and AGT and AIPEX and MINDCOM

Key Taxes

  • Corporate Income Tax25%
  • VAT standard14%
  • WHT Dividends and Royalties10%
  • WHT Interest15% third parties, 10% shareholders
PwC Angola Tax Summaries 2025

Talent

Median Age
~16.6 yrs
UN and World Economics
Adult Literacy
~72.4%
World Bank FRED
Tertiary Enrolment
~9.9% gross
World Bank UIS
Language
Portuguese
Gov

Policy

  • AfCFTARatified, trade facilitation in progress
  • Fuel subsidiesGradual phase out, price adjustments continue
  • DigitalIFC backed DC rollout, data center capacity expanding
Gov and Reuters and IFC

Risks

  • Oil dependenceExposure to price and volume swings
  • FX volatilityPass through to inflation and import costs
  • Debt and financingSovereign spreads, IMF flags prudence
IMF and Reuters

Resources

GUE one stop registry AGT portal do contribuinte AIPEX invest in Angola BNA central bank WITS trade snapshot OEC country profile

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Data Notes
Population, electrification, and internet users from World Bank indicators. Inflation latest month from World Bank and Trading Economics series. Policy rate from Reuters. Trade partners from WITS 2023 snapshot, import goods from OEC 2023. Taxes from PwC Angola Tax Summaries 2025. FX regime from IMF, Reuters, and BNA releases.