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Angola

Republic of Angola

Portuguese Angolan Kwanza (AOA) Civil law (Portuguese-influenced)
AU, SADC, OPEC, AfCFTA, WTO

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 RatingB- (S&P) / B3 (Moody's)S&P / Moody's / Fitch
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)$1.1 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. It is built only from measured values already held on this profile and normalised 0-100. It does not measure emissions or physical climate vulnerability: the platform does not yet hold emissions, hazard-exposure or natural-capital series. Energy access is the single most climate-specific indicator held; the other four are governance, economic, human-development and digital readiness proxies. The economic sub-score is relative to the African countries the platform covers.
How this is computed

Adaptive capacity to absorb climate finance and adapt, following the readiness dimension of the ND-GAIN framework. Built only from measured values already held on each country profile. It is not a measure of emissions or physical climate vulnerability, which the platform does not yet hold.

  • 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:
  1. Reserve company name at GUE
  2. Deposit minimum capital at a commercial bank
  3. Register at the Commercial Registry
  4. Obtain tax registration (NIF) from AGT
  5. Register with Social Security (INSS)
  6. 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)

Regulations & Taxes

Corporate Income Tax25% standard (15% agriculture)
VAT / Sales Tax14% standard

Recent Deals (2)

View All Deals
SeedJan 2022
$500K

Yetu Financial

SeedJun 2021
$2M

Tupuca