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Angola

Angola · AGO · Africa

Risk Score

Guarded→ Stable

Risk Factors

No recent events in pipeline

Overview

Angola is a large, resource-rich country in Southern Africa, with its economy heavily dependent on oil production. Despite significant oil wealth, the country faces challenges in economic diversification, poverty reduction, and governance. Efforts are underway to attract foreign investment and improve infrastructure.

Leadership

João Lourenço

President

GOVERNMENT: Presidential Republic

Bornito de Sousa Baltazar Diogo

Téte António

Vera Daves de Sousa

Economy

GDP

$110.0B

GDP per Capita

$3.0K

GDP Growth

+3.0%

Inflation

15.0%

Unemployment

25.0%

Oil and GasDiamondsAgricultureFishingManufacturing

Trade

Key Exports

Crude OilDiamondsRefined Petroleum ProductsCoffeeFish Products

Key Imports

Machinery and Electrical EquipmentVehiclesMedicinesFoodTextiles

Top Partners

ChinaIndiaUSAPortugalSouth Africa

Headlines (8)

EUROPE SAYSAug 9

Angola presses Switzerland over tycoon Carlos São Vicente's $900 million

The Manila TimesAug 7

Changan Automobile Showcases New Energy Lineup at FILDA 2026, Deepening Strategic Layout in Africa

OilPriceAug 6

Angola Confirms New Offshore Oil and Gas Reserves With Katambi-2 Well

DevdiscourseAug 5

Industry Leaders Join Angola Oil & Gas 2026 Speaker Lineup

MoneycontrolAug 5

MRPL, Indian Oil buy 5 million barrels of Oman, West African crude: Sources

WBRZAug 5

Man who spent 45 years in Angola on wrongful conviction races to see country before losing vision

EUROPE SAYSAug 4

BD eyes rapid LNG import from next

South China Morning PostAug 4