MultiEducator · Nation by Nation
HistoryCentral Est. 1996
Flag of Angola
flag — Angola
Nation by Nation

Angola

Economy

$101.0 billion
GDP
World Bank · 2024
$2,666
GDP / Capita
World Bank · 2024
+4.4%
GDP Growth
World Bank · 2024
14.0%
Unemployment
World Bank · 2024

Angola is one of sub-Saharan Africa's largest oil producers, and petroleum dominates its economy, providing most exports and government revenue after decades of civil war ended in 2002.

Heavy oil dependence, debt (much of it owed to China), and inequality remain challenges, and the government has sought to diversify, though progress is slow.

Key Sectors

The economy is dominated by oil, with diamonds and largely subsistence agriculture; most non-oil needs are imported, and China is a major creditor and partner.

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