Country Guide - Angola
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09 June 2024
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Angola is one of the largest countries in Africa, with an area of 1,246,700 km², located on the West Coast. It has 4,837 km of land borders and 1,600 km of maritime borders. The estimated population is over 33,83 million inhabitants. Its territory is divided into 18 provinces and Luanda is the country’s capital. The official language is Portuguese. The local currency is the Kwanza. Angola is the third largest market in Sub-Saharan Africa. Angola has vast mineral and petroleum reserves, and its economy is among the fastest growing in the world.

Angola is the 74th largest in the world (10th in Africa) with a nominal gross domestic product (GDP) of over USD $66 billion per year. GDP in Angola is expected to reach USD $100 billion by the end of 2021.

The oil sector accounts for one-third of GDP and more than 90% of exports. The transformation of a state-led oil economy to a private-sector-led growth model is a complex and long-term process and the oil sector will continue to play an important role during this transition period.

Angola is a member of the United Nations, OPEC, African Union, the Community of Portuguese Language Countries and Southern African Development Community.

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