Central Africa

Rank Country Nominal GDP Nominal GDP GDP/Cap Growth 5 years in Africa
($ Billions) per Capita (US$) Percentage %
10 Angola 62.724 2,021.31  1.77%
44 Burundi 3.131 263.67  -4.30%
14 Cameroon 39.036 1,493.12  12.14%
46 Central African Republic 2.321 480.49  -35.17%
31 Chad 10.510 639.85  -2.48%
35 Republic of Congo 9.964 2,128.23  -0.31%
12 DRC 46.062 456.89  15.52%
34 Equatorial Guinea 10.028 7,131.16  -29.92%
24 Gabon 15.145 7,185.42  7.76%
54 São Tomé and Príncipe 0.417 1,911.89  6.45%

Table Legend

Excellent Good Average Poor Very Poor
Over 10% 5 to 10% 0 to 5% -5 to 0% -10 to -5%

Angola Statistics

 Population  31 million (2019)
National language  Bantu languages
Official language Portuguese
National Currency Angola Kwanza
Life Expectancy 61.5 years
GDP 88.8 Billion (2021)

Angola Gross Domestic Product

YEAR GDP (BILLIONS INCOME PER CAPITA LIFE EXPECTANCY
2015 116.1   58.8
2016 101.1   59.4
2017 122.1   60.5
2018 101.3   60.8
2019 89.4 60.8
2020 63.31   61.2
2021 88.8   61.5

Angola Industry

GDP Contribution Reasons Top Sectors
Oil Extraction 73% Angola was then severely affected by the fall in oil prices and by the fall in world demand (notably from China). In 2020, it entered its sixth year of recession, hit by the COVID-19 pandemic, the collapse of oil prices and restrictions under the OPEC+ production agreement.
Retail  15.7% Consumer shopping habits still favour traditional and informal retailing in Angola.
Other Services 9.5% The services sector (banking, communication, tourism) is seeinga gradual growth after the effects of covid-19
Agriculture 7.3% The agricultural sector is underdeveloped and not very productive, contributing to 6.7% of GDP but employs 50% of the population. The key industrial crops are coffee and cotton. The Government recently heavily invested in coffee, sugarcane and ethanol productions, which should help to diversify agricultural revenues and exports.

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