Luanda, capital of Angola

Agriculture is an

important economic

mainstay

Angola is the second largest petroleum producer

in Africa’s southern Sahara area

ECONOMIC SITUATION:

The Republic of Angola is in south west Africa bordering Namibia to the south, the Democratic Republic of the Congo to the north, Zambia to the east with the whole of the west coast along the Atlantic Ocean and Luanda as its capital. Angola is the second largest petroleum producer in Africa’s southern Sahara area with over 90% exported as well as being the fifth largest diamond producer in the world. The potential to develop the agricultural industry is enormous as it has an excellent climate and very fertile soil.

Business Opportunities:

Mining

With substantial deposits of mineral resources such as diamonds, petroleum, iron, copper, manganese, phosphate, salt, mica, lead, tin, gold,silver and platinum various metals; Angola has been described as one of the world’s best countries for natural resources. According to statistic data, Angola has 35 out of 45 mineral categories in international trade, especially petroleum, natural gas and diamonds. The government has developed a policy framework to encourage investment in the mining sector.

Agriculture and Fishing

Agriculture is the biggest industry with the cultivation of coffee being the most widely practiced, Angola is self-sufficient in most food crops such as sisal, corn, palm oil and sugar cane, with commercial crops such as cotton, tobacco, potatoes, rice, cocoa bean, bananas also high on the list. Cattle, goats and pigs are the main livestock farmed and fishing contributes a lot to the national economy providing about 50,000 jobs, which include 23,000 employed in iod fishing.

Tourism

The tourism industry is developing rapidly and is attracting investment from many different countries. With the number of travel agents increasing exponentially with the number of tourists also increasing; most of the agents are located in the capital Luanda and some provinces such as Benguela and Hula.)

Source:

1.The Ministry of Foreign Affairs of the People’s Republic of China, http://www.fmprc.gov.cn/chn/default.htm

2.Macao Trade and Investment Promotion Institute , http://www.ipim.gov.mo

MAIN ECONOMIC INDICATOR S 2008

Gross Domestic Product (US$ Billions)
110.3
Real GDP growth (%)
13.2
GDP per capita (US$)
8800
Inflation (%)
12.5
Land area (sq km)
1,246,700
Population (Million)
12.53

Source:

CIA- The World Fact Book-Angola, https://www.cia.gov/library/publications/the-world-factbook/geos/ao.html

Index Mundi-Country Facts, http://indexmundi.com/angola/gdp_real_growth_rate.html

Major Website Recommendations :

  • The official website of the Republic of Angola,http://www.angola.org/

    Official website of the Republic of Angola; you will find a wealth of information about Angola, travel and tourism, its business and economy, and the government.

  • Angola’s National Agency for Priva te Investment (ANIP), http://www.investinangola.com/eng_home.asp

    ANIP is to help carry out Government policies designed to support the growth of a diverse stable economy that allows Angola to practicipate more fully in the global economy.

Foreign Trade from 2003 to 2007(Unit: US$ billions)
Year
Total Trade
Exports
Imports
2007
56.0
44.6
11.4
2006
44.7
33.7
11.0
2005
33.0
24.8
8.2
2004
19.3
13.5
5.8
2003
15.0
9.5
5.5

Source:

CIA-The World Fact Book-Angola,

https://www.cia.gov/library/publications/the-world-factbook/geos/ao.html

The Ministry of Foreign Affairs of the People’s Republic of China, http://www.fmprc.gov.cn/chn/default.htm

Main Export Commodities: crude oil, diamonds, petroleum products, coffee, sisal, fish and fish products, timber, cotton

Main Import Commodities: machinery and electrical equipment, vehicles and spare parts; medicines, food, textiles, military goods

Main Destinations of Exports (2007)
%
Main Origins of Imports (2007)
%
US
32.1
Portugal
19.7
China
32
US
10.9
France
5.9
China
10.5
Taiwan
5.3
Brazil
10.3
South Africa
4.5
South Africa
6.6
France
6.3
UK
4.6
Germany
4.3

Source:

CIA-The World Fact Book–Angola,https://www.cia.gov/library/publications/the-world-factbook/geos/ao.html

Mainland China – Angola Trade(Unit:Billion US$)
Year
Total
Exports
Imports
2007
14.120
1.231
12.889
2006
11.827
0.894
10.933
2005
6.955
0.373
6.582
2004
4.911
0.194
4.717
2003
2.352
0.146
2.206

Source:

Ministry of Commerce of the People’s Republic of China, http://ao.mofcom.gov.cn/

MACAO- ANGOLA BILATERAL TRADE 2008(Unit: Mop)
Trade type
Weight (KG)
Macao Patacas
Imports
147
175,878
Transit
140,028
2,190,684

note 1: Exports = Domestic Exports + Re-exports

Source: The Statistics and Census Service http://www.dsec.gov.mo/

SOURCE: