Angola

Description of Angola

Angola, a country located in Southern Africa, is known for its rich cultural heritage, diverse landscapes, and significant economic potential. With a history marked by decades of conflict, Angola has shown resilience in its journey towards stability and development. As one of the continent's top oil producers, the country has the resources to drive economic growth and improve the standard of living for its population. However, challenges such as high poverty rates, limited access to basic services, and a dependence on oil exports highlight the need for strategic planning and sustainable policies to ensure long-term prosperity for the people of Angola.

Population And Age Structure

Population, total: Angola's population of 33,428,486 is below the average population of 40,097,746, ranking 43rd out of 194 countries.

Population ages 0-14 (% of total population): Angola's percentage of population ages 0-14, at 45.31%, is above the average of 27.34%, ranking 10th out of 194 countries.

Population ages 0-14, total: Angola's total population of ages 0-14, at 15,145,311, is above the average of 10,327,380, ranking 25th out of 194 countries.

Population ages 15-64 (% of total population): Angola's percentage of population ages 15-64, at 52.10%, is below the average of 63.44%, ranking 185th out of 194 countries.

Population ages 15-64, total: Angola's total population of ages 15-64, at 17,417,386, is below the average of 26,003,407, ranking 50th out of 194 countries.

Population ages 65 and above (% of total population): Angola's percentage of population ages 65 and above, at 2.59%, is below the average of 9.22%, ranking 179th out of 194 countries.

Population ages 65 and above, total: Angola's total population of ages 65 and above, at 865,789, is below the average of 3,766,959, ranking 76th out of 194 countries.

Summary

Angola has a relatively young population with a high percentage of individuals aged 0-14, ranking 10th globally. However, the country has a lower percentage of the working-age population (15-64) compared to the global average, ranking 185th. This demographic composition could impact the country's labor force, productivity, and dependency ratios, influencing economic growth and social welfare policies.

Population Miscellaneous

Angola's rural population stands at 11,089,900, which is notably below the average rural population of 18,044,041. Angola ranks 49th out of 190 countries in this category.

The country's rural population (% of total population) is 33.175, also below the average of 41.158%. Angola ranks 112th out of 190 countries in this metric.

Angola's urban population is 22,338,586, slightly below the average of 22,425,747. The country ranks 39th out of 194 countries in urban population.

With an urban population (% of total population) of 66.825%, Angola exceeds the average of 59.691%. The country holds the 83rd rank out of 194 countries in this aspect.

Angola's age dependency ratio (% of working-age population) is quite high at 91.926%, significantly above the average of 59.219%. Angola is ranked 10th out of 194 countries in this measure.

The country's crude birth rate of 39.271 per 1,000 people is notably higher than the average of 19.384. Angola ranks 7th out of 192 countries in this statistic.

Angola's crude death rate is 7.821 per 1,000 people, slightly below the average of 8.214. The country is ranked 93rd out of 192 countries in this metric.

Angola's total fertility rate is 5.371 births per woman, above the average of 2.603. The country ranks 7th out of 190 countries in this category.

Summary

Angola's demographic profile paints a picture of a country with a lower rural population but a higher urban population compared to global averages. The country's high age dependency ratio and above-average crude birth rate indicate a significant portion of the population potentially reliant on the working-age population for support and an ongoing need for social services and infrastructure development to accommodate a youthful demographic. Angola's total fertility rate above the global average suggests the importance of effective family planning and healthcare services to manage population growth sustainably.

Military

Angola's military expenditure is $993,594,404.63, below the average of $12,904,993,617.17, ranking 71 out of 149 countries in the dataset. The country spends 1.70% of its GDP on military, slightly below the average of 1.90%, ranking 68 out of 148 countries. Angola's arms imports stand at $51,000,000, well below the average of $205,522,123.89, ranking 56 out of 113 countries.

Angola has a total of 117,000 armed forces personnel, lower than the average of 165,908.54 personnel, ranking 49 out of 164 countries. The country's armed forces personnel as a percentage of the total labor force is 0.85%, below the average of 1.28%, ranking 79 out of 164 countries.

Summary

Angola's military expenditure, GDP allocation towards the military, arms imports, and armed forces personnel numbers all rank below global averages. These indicators suggest that Angola may have limited resources and capacity for military defense compared to other countries in the dataset. This could impact the country's ability to maintain national security, defend against potential threats, and participate in international security efforts effectively.

Natural Resources

Angola's forest area of 666,073.8 sq. km is significantly higher than the average of 211,606.11 sq. km, ranking 11th out of 191 countries in the dataset. The land area of 1,246,700 sq. km is also above the average of 665,166.51 sq. km, ranking 22nd out of 194 countries.

The surface area of 1,246,700 sq. km in Angola exceeds the average of 689,779.56 sq. km, ranking the country 22nd out of 194. Angola's arable land of 5,368,000 hectares is below the average of 7,329,543.16 hectares, placing the country 45th out of 190 countries included in the dataset.

Angola's land under cereal production stands at 3,099,418 hectares, which is lower than the average of 4,206,011.63 hectares, ranking the country 41st out of 174 nations. The average precipitation in depth of 1,010 mm per year is below the average of 1,157.83 mm per year, positioning Angola at 93rd out of 178 countries.

Angola's renewable internal freshwater resources of 148 billion cubic meters are also less than the average of 240.41 billion cubic meters, ranking the country 44th out of 178 nations in the dataset.

Summary

Angola stands out for its vast forest area and land area, ranking relatively high globally. However, the country falls behind in arable land and cereal production, which could indicate challenges in agricultural productivity. Additionally, Angola's lower-than-average precipitation and renewable freshwater resources highlight potential issues for water sustainability and agricultural development.

These findings are crucial as they underscore Angola's strengths in natural resources but also reveal areas of concern that may impact food security, economic growth, and environmental sustainability in the long term. Addressing these disparities in land use efficiency and water management could be key for Angola's sustainable development and resilience in the face of climate change.

Resource Rents

Angola's total natural resources rents account for 20.25% of its GDP, which is significantly higher than the average of 4.63%. This places Angola at rank 6 out of 175 countries in the dataset.

When it comes to forest rents, Angola's value is 0.80% of GDP, below the average of 1.53%. This places Angola at rank 63 out of 174 countries.

Angola's oil rents represent 18.57% of its GDP, much higher than the average of 2.51%. Angola ranks 4 out of 117 countries in this aspect.

In terms of natural gas rents, Angola's value is 0.88% of GDP, slightly below the average of 1.25%. Angola ranks 26 out of 96 countries in natural gas rents.

Summary

Angola stands out for its high dependency on natural resources, particularly oil, which accounts for a significant portion of its GDP compared to global averages. While the country ranks relatively high in terms of total natural resources and oil rents, it falls behind in forest and natural gas rents. These indicators highlight Angola's reliance on volatile commodity markets for revenue generation, signaling potential risks due to the fluctuating nature of resource prices.

Commodities

Angola's cereal production of 3,075,673.21 metric tons is significantly below the average of 17,249,945.93 metric tons, ranking 79th out of 174 countries in the dataset.

Angola's aquaculture production of 2,062 metric tons is far below the average of 679,642.92 metric tons, ranking 112th out of 180 countries in the dataset.

Angola's capture fisheries production of 375,345 metric tons is below the average of 467,453.06 metric tons, ranking 41st out of 190 countries in the dataset.

Angola's total fisheries production of 377,407 metric tons is also below the average of 1,153,914.85 metric tons, ranking 44th out of 182 countries in the dataset.

Angola's fertilizer consumption of 7.85 kilograms per hectare of arable land is significantly lower than the average of 159.04 kilograms. This places Angola as the 164th out of 187 countries in the dataset in terms of fertilizer consumption.

Summary

Angola's agricultural sector faces significant challenges as indicated by its below-average cereal production, aquaculture production, capture fisheries production, and total fisheries production compared to global averages. Moreover, Angola's extremely low fertilizer consumption further highlights the inefficiencies and limitations within its agricultural practices. These indicators suggest a need for significant investments and reforms in Angola's agriculture sector to enhance productivity, food security, and economic growth in the country.

Intellectual Property

Regarding the "Trademark applications, nonresident, by count" attribute, Angola has 1374 applications, which is significantly below the average of 15878.93 applications. Angola ranks 112 out of 130 countries in this category.

For "Trademark applications, resident, by count", Angola has 2546 applications, well below the average of 111055.78 applications. Angola ranks 81 out of 129 countries for resident trademark applications.

In terms of "Scientific and technical journal articles", Angola produces 45.41 articles, notably lower than the average of 15103.76 articles. Angola ranks 147 among 192 countries in this category.

When it comes to "Charges for the use of intellectual property, payments (BoP, current US$)", Angola's value is $129,608,227.29, a significant deviation from the average of $3,218,843,494.39. Angola ranks 67 out of 143 countries for these charges.

Summary

Angola falls below average in key macroeconomic indicators such as trademark applications by residents and nonresidents, scientific and technical journal articles, and charges for the use of intellectual property. These indicators highlight Angola's relatively lower levels of innovation, intellectual property utilization, and research output compared to the global average. This may signify challenges in establishing a robust knowledge-based economy, attracting foreign investment, and fostering domestic innovation and research capabilities, pointing to areas that may require policy intervention and investment to enhance economic development and competitiveness.

Broad Economy Attributes

Angola's GDP of $48,501,561,230.001 is below the average GDP of $442,870,224,838.68. Angola ranks 84th out of 189 countries in terms of GDP.

Angola's GDP, PPP of $212,853,789,199.066 is significantly below the average GDP, PPP of $734,141,122,350.78. Angola is ranked 63rd out of 181 countries in terms of GDP, PPP.

Angola's GDP per capita of $1,450.91 is well below the average GDP per capita of $15,462.11. Angola ranks 155th out of 190 countries in terms of GDP per capita.

Angola's GDP per capita, PPP of $6,367.44 is notably below the average GDP per capita, PPP of $21,251.89. Angola is ranked 125th out of 181 countries in terms of GDP per capita, PPP.

Angola's GNI of $44,145,038,204.989 is below the average GNI of $452,040,815,370.70. Angola ranks 85th out of 185 countries in terms of GNI.

Angola's GNI, PPP of $193,734,766,839.983 is significantly below the average GNI, PPP of $730,698,223,823.47. Angola is ranked 64th out of 181 countries in terms of GNI, PPP.

Angola's GNI per capita, PPP of $5,800 is well below the average GNI per capita, PPP of $20,615.75. Angola ranks 130th out of 181 countries in terms of GNI per capita, PPP.

Summary

Angola's key macroeconomic indicators paint a picture of an economy that lags behind global averages across GDP, GDP per capita, GNI, and GNI per capita. The country's rankings further highlight its position in the lower percentiles globally. These statistics are crucial for policymakers, investors, and international organizations as they indicate areas where Angola may require support and development initiatives to improve its economic standing and quality of life for its citizens.

Broad Value Added

Angola's Gross value added at basic prices (GVA) is $47,710,620,984.57, ranking 76 out of 176 countries. This value is significantly below the average of $360,070,943,595.12.

For Agriculture, forestry, and fishing value added (% of GDP), Angola's value of 9.95% is slightly below the average of 10.86%. Angola ranks 73 out of 182 countries in this category.

The country's Agriculture, forestry, and fishing value added in current US dollars is $4,824,228,920.57, which is notably lower than the average of $19,924,732,828.07. Angola ranks 72 out of 182 countries.

Angola's Services value added (% of GDP) at 44.40% is below the average of 56.72%. With a rank of 157 out of 183 countries, Angola is positioned lower in this aspect.

The Services value added in current US dollars for Angola is $21,532,555,307.66, far beneath the average of $295,837,711,130.69. Angola ranks 88 out of 183 countries in this metric.

In terms of Industry (including construction) value added in current US dollars, Angola's value of $22,154,660,675.75 is significantly lower than the average of $118,421,095,413.50. Angola holds the 67th position out of 183 countries in this attribute.

Summary

Angola ranks below average in key macroeconomic indicators such as Gross Value Added, Agriculture, Forestry, and Fishing Value Added, Services Value Added, and Industry Value Added when compared to global averages. These figures indicate a significant gap between Angola's economic performance and the average performance of other countries. This underperformance is crucial as it highlights areas where Angola may need to focus on improving productivity and efficiency to enhance its overall economic development and competitiveness on a global scale.

Manufacturing Value Added

1. Manufacturing, value added (current US$): Angola's value in manufacturing, value added is $3,425,685,992.14, which is significantly below the average of $76,207,179,589.66. Angola ranks 95th out of 173 countries in this attribute.

2. Manufacturing, value added (% of GDP): Angola's manufacturing value added as a percentage of GDP is 7.06%, below the average of 11.90%. Angola ranks 130th out of 173 countries in this attribute.

3. Medium and high-tech manufacturing value added (% manufacturing value added): Angola's value in this attribute is 2.99%, well below the average of 24.49%. Angola ranks 139th out of 149 countries in this category.

Summary

Angola lags behind the global average in key manufacturing indicators such as total value added, manufacturing value added as a percentage of GDP, and medium and high-tech manufacturing value added. With rankings of 95th, 130th, and 139th out of 173 and 149 countries respectively, these figures indicate a significant gap in industrial development compared to other nations. This is crucial as a strong manufacturing sector contributes to economic diversification, job creation, and overall economic growth.

Money

Angola's consumer price inflation rate is 22.27%, significantly higher than the average of 8.26%. This places Angola at the 8th position out of 165 countries in terms of inflation rate.

The GDP deflator inflation in Angola is 10.76%, higher than the average of 6.90%. Angola ranks 16th out of 188 countries in this metric.

Angola's broad money growth is 24.30%, which is above the average of 18.03%. The country is ranked 15th out of 139 countries in this category.

With broad money as a percentage of GDP at 40.07%, Angola is below the average of 71.75%. The country ranks 107th out of 139 countries in this aspect.

Angola's broad money to total reserves ratio is 1.41, lower than the average of 5.17. This places Angola at the 112th position out of 126 countries in this ratio.

Summary

Angola's key macroeconomic indicators paint a challenging picture, with high consumer price inflation and GDP deflator inflation rates compared to global averages. Despite experiencing rapid broad money growth, Angola falls below the average in terms of broad money as a percentage of GDP and broad money to total reserves ratio. These statistics indicate potential economic instability and suggest a need for careful monetary policy management and economic reforms to ensure sustainable growth and stability in Angola's economy.

Consumption Expenditure

Final consumption expenditure (current US$): Angola's value for final consumption expenditure is significantly below the average of $381,630,252,515.38, ranking 87 out of 159 countries.

Final consumption expenditure (% of GDP): Angola's final consumption expenditure as a percentage of GDP is lower than the average of 82.37%, placing it at rank 146 out of 159 countries.

General government final consumption expenditure (current US$): Angola's general government final consumption expenditure is far below the average of $93,676,578,238.03, with a ranking of 93 out of 158 countries.

General government final consumption expenditure (% of GDP): Angola's expenditure by the general government as a percentage of GDP is below the average of 18.71%, positioning it at rank 148 out of 158 countries.

Household and NPISHs Final consumption expenditure (current US$): Angola's spending on household and NPISHs consumption is notably lower than the average of $290,127,571,157.69, with a ranking of 84 out of 158 countries.

Households and NPISHs final consumption expenditure (% of GDP): Angola's expenditure by households and NPISHs as a percentage of GDP is under the average of 63.68%, placing it at rank 111 out of 158 countries.

Summary

Angola's final consumption expenditure, both in absolute terms and as a percentage of GDP, lags significantly behind the global average, indicating lower levels of domestic spending and economic activity. This could suggest potential challenges in domestic consumption-driven economic growth, as well as limitations in government and household expenditures which are crucial drivers of overall economic development.

Investment

1. Foreign direct investment, net (BoP, current US$): Angola received $1,956,982,582.07 in foreign direct investment, placing it at rank 21 out of 169 countries. This is significantly higher than the average of -$1,615,235,980.51 for this attribute.

2. Foreign direct investment, net inflows (BoP, current US$): Angola had net inflows of foreign investment totaling -$1,866,468,113.07, ranking it 169 out of 182 countries. Angola's value is well below the average of $5,749,271,080.15.

3. Foreign direct investment, net inflows (% of GDP): Angola's net FDI inflows as a percentage of GDP stood at -3.85%, placing it at rank 169 out of 178 countries. This value is considerably lower than the average of 2.61% for this metric.

4. Foreign direct investment, net outflows (BoP, current US$): Angola had net outflows of $90,514,469 in foreign direct investment, ranking it 72 out of 156 countries. This figure is much lower than the average of $5,707,991,116.07.

5. Foreign direct investment, net outflows (% of GDP): Angola's net outflows of FDI as a percentage of GDP were 0.19%, placing it at rank 84 out of 155 countries. This percentage is notably lower than the average of 1.00%.

6. Portfolio Investment, net (BoP, current US$): Angola's net portfolio investment was -$1,640,362,370.63, ranking it 129 out of 159 countries. This value is substantially below the average of $679,559,169.57.

Summary

Angola has attracted a significant amount of foreign direct investment, ranking 21st out of 169 countries in terms of net inflows. However, the country also experiences high levels of net outflows, particularly in portfolio investment. This indicates a complex economic landscape with potential challenges in retaining foreign capital and ensuring sustainable investment practices.

These statistics are important as they shed light on Angola's ability to attract and retain foreign investment, which is crucial for economic growth and development. Understanding the dynamics of both inflows and outflows can help policymakers make informed decisions to optimize the benefits of foreign investment while mitigating potential risks.

Debt

Angola's total debt service as a percentage of its GNI is 17.69%, significantly higher than the average of 5.98%. Angola ranks 8th out of 120 countries in this attribute.

For public and publicly guaranteed debt service as a percentage of GNI, Angola's value is 15.78%, far exceeding the average of 2.84%. Angola is ranked 1st out of 120 countries in this category.

Angola's external debt stocks as a percentage of GNI stand at 148.12%, well above the average of 65.42%. It ranks 8th out of 120 countries in this aspect.

The debt service on external debt (in current US$) for Angola is $7,811,427,882.2, which is lower than the average of $9,811,195,839.23. Angola ranks 21st out of 123 countries in this metric.

Angola's debt service on public and publicly guaranteed external debt (in current US$) is $6,965,388,389.8, surpassing the average of $3,310,612,057.6. Angola is placed 13th out of 123 countries in this attribute.

When it comes to external debt stocks in public and publicly guaranteed sectors (in current US$), Angola's value is $47,365,737,213.9, higher than the average of $28,695,879,144.98. Angola ranks 18th out of 123 countries in this area.

Angola's external debt stocks in the private nonguaranteed sector (in current US$) amount to $9,678,662,000, which is below the average of $33,734,699,285.22. Angola ranks 36th out of 91 countries in this category.

The total external debt stocks for Angola (in current US$) are $65,387,403,243.3, falling short of the average of $73,845,530,111.82. Angola holds the 26th rank out of 123 countries in this aspect.

Summary

Angola faces a significant burden in terms of debt, with various indicators showing levels well above global averages. The country ranks high in debt service ratios and external debt stocks in comparison to its economic output. These statistics are crucial as they reflect Angola's financial stability, ability to meet debt obligations, and potential risks for future economic development and stability.

Broad Trade Attributes

Angola's Trade (% of GDP) stands at 65.94%, below the attribute average of 82.34%. This places Angola at rank 88 out of 163 countries in this dataset.

For Merchandise trade (% of GDP), Angola's value is 64.89%, slightly above the attribute average of 60.01%. Angola holds the rank 54 out of 186 countries in this metric.

Trade in services (% of GDP) for Angola is 11.69%, significantly lower than the attribute average of 24.63%. Angola ranks 109 out of 171 countries in this regard.

Angola's External balance on goods and services is $5,183,387,336.95, surpassing the attribute average of $3,405,509,011.13. This places Angola at rank 34 out of 163 countries.

Furthermore, Angola's External balance on goods and services (% of GDP) is 10.69%, notably higher than the attribute average of -5.97%. Angola ranks 10 out of 163 countries in this indicator.

Summary

Angola's trade as a percentage of GDP is lower than the global average, yet its merchandise trade exceeds the average. However, the country heavily lags in trade in services as a percentage of GDP. Despite this, Angola's external balance on goods and services surpasses the global average by a significant margin, with a positive balance equivalent to 10.69% of its GDP, showcasing its strong position in international trade. These indicators are crucial as they highlight Angola's reliance on merchandise trade, the need to develop its service sector, and its overall positive trade balance, which can impact its economic stability and growth prospects.

Net Trade

1. Current account balance (BoP, current US$): Angola's current account balance is $871,917,831.30, below the average of $1,443,864,831.49. Angola ranks 44th out of 170 countries for this attribute.

2. Current account balance (% of GDP): Angola's current account balance as a percentage of GDP is 1.80%, above the average of -2.36%. Angola ranks 50th out of 170 countries for this attribute.

3. Net trade in goods and services (BoP, current US$): Angola's net trade in goods and services is $5,858,757,656.17, significantly higher than the average of $2,604,730,003.57. Angola ranks 31st out of 171 countries for this attribute.

4. Net primary income (BoP, current US$): Angola's net primary income is -$4,924,156,920.25, much lower than the average of -$903,807,529.74. Angola ranks 143rd out of 170 countries for this attribute.

5. Net secondary income (BoP, current US$): Angola's net secondary income is -$62,682,904.62, above the average of -$269,227,340.40. Angola ranks 125th out of 170 countries for this attribute.

6. Net trade in goods (BoP, current US$): Angola's net trade in goods is $11,394,296,844.84, significantly higher than the average of $1,302,831,005.68. Angola ranks 27th out of 171 countries for this attribute.

7. Net capital account (BoP, current US$): Angola's net capital account is $1,215,920.42, below the average of $136,543,824.05. Angola ranks 117th out of 159 countries for this attribute.

8. Net financial account (BoP, current US$): Angola's net financial account is -$438,142,762.85, slightly above the average of -$469,840,994.63. Angola ranks 103rd out of 170 countries for this attribute.

Summary

Angola generally has a positive current account balance and a healthy net trade in goods and services, ranking relatively high compared to other countries. However, the country's net primary income is notably low, indicating a potential reliance on foreign investment or assistance. These indicators are crucial as they reflect Angola's economic position in terms of international trade, income generation, and financial stability.

Broad Export Attributes

Angola's exports of goods, services and primary income (BoP, current US$) amount to $21,540,234,145.71, which is below the attribute average of $146,238,908,936.30. Angola ranks 73 out of 170 countries in this category.

The country's exports of goods and services (BoP, current US$) stand at $21,004,445,128.60, falling under the attribute average of $122,938,540,059.78. Angola is ranked 71 out of 170 countries in this aspect.

Angola's exports of goods and services (current US$) are $18,583,150,437.48, lower than the attribute average of $129,596,864,610.19. The country holds the 74th position out of 163 countries in this metric.

With exports of goods and services (% of GDP) at 38.31%, Angola is slightly above the attribute average of 38.19%. The country is ranked 55 out of 163 countries in this regard.

The value of Angola's goods exports (BoP, current US$) is $20,937,437,117.76, significantly lower than the attribute average of $93,310,581,697.39. Angola holds the 64th position out of 171 countries.

Angola's international tourism receipts (% of total exports) are 0.09%, far below the attribute average of 9.74%. The country ranks 119 out of 120 countries considered in this data.

In ICT goods exports (% of total goods exports), Angola's percentage is 0.82%, well below the attribute average of 3.81%. The country is placed 139 out of 142 countries in this category.

Summary

Angola's export performance across various categories such as goods, services, and primary income indicates that the country falls below the attribute averages in most metrics. With lower-than-average values in key indicators like exports of goods and services, international tourism receipts, and ICT goods exports, Angola faces challenges in diversifying its export base and maximizing its revenue potential. These findings are crucial as they highlight areas where Angola may need to focus on improving competitiveness and expanding its global market reach to enhance economic growth and sustainability.

Merchandise Exports

Angola's merchandise exports amount to $22,135,000,000, ranking 63 out of 187 countries. This is below the average merchandise exports of $89,542,711,229.95.

Angola's agricultural raw materials exports account for 0.09% of its merchandise exports, ranking 133 out of 151 countries. This percentage is significantly below the average of 2.97%.

Food exports make up 0.55% of Angola's merchandise exports, ranking 149 out of 152 countries. This is notably lower than the average of 24.06%.

Fuel exports constitute a high 93.05% of Angola's merchandise exports, ranking 2 out of 147 countries. This figure is significantly above the average of 13.70%.

Ores and metals exports represent 5.37% of Angola's merchandise exports, ranking 56 out of 152 countries. This is below the average of 9.10%.

Angola's residual merchandise exports account for 0.42% of its total merchandise exports, ranking 82 out of 166 countries. This is below the average of 3.20%.

Summary

Angola heavily relies on fuel exports, which make up a staggering 93.05% of its total merchandise exports, far above the global average. This overdependence on fuel leaves Angola vulnerable to fluctuations in global oil prices, making it crucial for the country to diversify its export base to reduce economic risks and foster sustainable growth.

Technology Exports

Angola's Manufactures exports (% of merchandise exports) stand at 0.93%, significantly below the average of 42.62%. This places Angola at a rank of 151 out of 152 countries.

Angola's High-technology exports (current US$) amount to $46,119,159, far below the average of $16,655,934,078.80. Angola holds a rank of 91 out of 151 countries in this aspect.

Angola's High-technology exports (% of manufactured exports) are at 23.39%, surpassing the average of 10.15%. Angola ranks 14 out of 150 countries in this category.

Angola's Medium and high-tech exports (% manufactured exports) stand at 19.92%, below the average of 34.29%. Angola holds a rank of 96 out of 149 countries included in the data.

Summary

Angola exhibits weak performance in key macroeconomic indicators related to exports. The country's low percentages in manufactures exports and high-technology exports, coupled with its lower rankings compared to global averages, indicate a lack of diversification and competitiveness in its export sector. This could hinder Angola's economic growth and resilience in the face of global economic fluctuations, highlighting the need for strategic reforms and investments to enhance its export capabilities.

Service Exports

Angola's service exports amount to $67,008,010.84, significantly below the average of $28,917,292,503.82, ranking 160th out of 171 countries in the dataset.

The country's ICT service exports stand at $12,353,060, much lower than the average of $4,578,501,153.77, placing Angola at the 133rd position out of 166 countries.

Angola's ICT service exports as a percentage of total service exports is 18.44%, higher than the average of 11.75%. This places Angola at the 30th position out of 166 countries.

Communications, computer, etc. contribute to 63.07% of Angola's service exports, surpassing the average of 45.85%. Angola ranks 45th out of 169 countries for this metric.

Transport services represent 12.73% of Angola's service exports, below the average of 21.80%. Angola is ranked 103rd out of 169 countries for this attribute.

With travel services comprising 24.20% of total service exports, Angola falls slightly short of the average of 26.40%. It ranks 70th out of 167 countries for this indicator.

Summary

Angola's service exports are below average, with significant reliance on communications, computer, etc. exports. Despite a higher percentage of ICT service exports, the country lags behind in total exports compared to the global average. This indicates a need for diversification in service exports to improve competitiveness and economic growth.

Commercial Service Exports

Angola's commercial service exports amount to $67,008,010.84, which is significantly below the average of $28,508,218,402.80, ranking 159 out of 171 countries. The country's focus on travel services, accounting for 24.20% of commercial service exports, is slightly lower than the average of 27.89%, placing Angola at the 73rd position out of 167 countries. Angola excels in computer, communications, and other services, constituting 63.07% of commercial service exports, well above the average of 42.44%, ranking 40 out of 169 countries. However, the country lags in transport services, representing 12.73% of commercial service exports, falling short of the average of 23.37% and ranking 108 out of 169 countries.

Summary

Angola's commercial service exports are relatively low compared to the global average, ranking low among countries. The country's focus on travel services is slightly below average, but excels in computer, communications, and other services. However, there is a notable lag in transport services. These findings are important as they highlight Angola's strengths and weaknesses in the global market, indicating areas where the country can potentially improve to enhance its economic competitiveness and diversification.

Broad Import Attributes

Imports of goods and services (current US$): Angola's value of $13,399,763,100.53 is below the average of $126,191,355,599.06. Angola ranks 84th out of 163 countries in this attribute.

Imports of goods and services (% of GDP): Angola's value of 27.63% is below the average of 44.15%. Angola ranks 120th out of 163 countries in this attribute.

International tourism, expenditures (% of total imports): Angola's value of 4.56% is above the average of 3.98%. Angola ranks 31st out of 131 countries in this attribute.

ICT goods imports (% total goods imports): Angola's value of 2.85% is below the average of 6.85%. Angola ranks 121st out of 143 countries in this attribute.

Goods imports (BoP, current US$): Angola's value of $9,543,140,272.92 is below the average of $92,007,788,027.17. Angola ranks 87th out of 171 countries in this attribute.

Imports of goods and services (BoP, current US$): Angola's value of $15,145,687,472.44 is below the average of $120,321,577,988.12. Angola ranks 85th out of 170 countries in this attribute.

Imports of goods, services and primary income (BoP, current US$): Angola's value of $20,605,633,409.79 is below the average of $144,514,428,722.28. Angola ranks 80th out of 170 countries in this attribute.

Summary

Angola's imports of goods and services, both in absolute value and as a percentage of GDP, are below global averages, indicating potential room for increased trade activities. However, the country's above-average spending on international tourism suggests a willingness to engage in global economic interactions. The relatively low percentage of ICT goods imports indicates a potential area for improvement in modernizing the country's technological infrastructure and connectivity.

These findings are important as they highlight Angola's position in the global market and its current level of economic integration. Addressing the low levels of imports compared to GDP could improve the country's access to a variety of goods and services, potentially driving economic growth and diversification. Furthermore, investing in ICT goods imports could enhance technological capabilities and competitiveness in the digital economy, paving the way for sustainable development and increased global connectivity.

Merchandise Imports

Angola's merchandise imports amount to $9.3 billion, which is significantly below the average of $89.4 billion, ranking 95th out of 190 countries.

The country's manufactures imports account for 65.7% of its merchandise imports, slightly below the average of 66.8%, ranking 90th out of 152 countries.

Agricultural raw materials imports in Angola represent 0.96% of its merchandise imports, lower than the average of 1.27%, placing it at the 95th rank out of 152 countries.

Angola's food imports constitute 22.8% of merchandise imports, higher than the average of 15.9%, ranking 25th out of 152 countries.

Fuel imports in Angola make up 9.9% of merchandise imports, below the average of 11.4%, positioning it at the 85th rank out of 152 countries.

Ores and metals imports in Angola amount to 0.61% of merchandise imports, significantly lower than the average of 2.57%, placing it at the 133rd rank out of 152 countries.

Merchandise imports by Angola's reporting economy residual value is 0.0025%, well below the average of 2.51%, ranking at 163 out of 180 countries.

Summary

Angola's merchandise imports are below average in most categories, such as agricultural raw materials, ores and metals, and fuel. However, the country imports a higher proportion of food compared to the average. These statistics indicate that Angola may have challenges in diversifying its imports across different sectors, which could impact its resilience to external shocks and global market dynamics.

Service Imports

1. Service imports (BoP, current US$): Angola's value for service imports is $5.60 billion, which is significantly below the average of $27.62 billion. Angola ranks 68th out of 171 countries for this attribute.

2. Communications, computer, etc. (% of service imports, BoP): Angola's percentage of communications, computer, etc. in service imports is 43.58%, slightly below the average of 44.40%. Angola ranks 93rd out of 169 countries for this attribute.

3. Transport services (% of service imports, BoP): Angola allocates 36.48% of its service imports to transport services, which is higher than the average of 32.90%. Angola ranks 63rd out of 169 countries for this attribute.

4. Travel services (% of service imports, BoP): Angola's allocation of 10.98% towards travel services in its imports is below the average of 14.14%. Angola ranks 84th out of 169 countries for this attribute.

5. Insurance and financial services (% of service imports, BoP): Angola dedicates 8.96% of its service imports to insurance and financial services, slightly above the average of 8.53%. Angola ranks 60th out of 169 countries for this attribute.

Summary

Angola's key macroeconomic indicators in service imports show that the country has lower overall service imports compared to the global average. However, Angola's allocation towards transport services is higher than average, indicating a potential focus on transportation infrastructure development. The country's above-average allocation towards insurance and financial services suggests a growing emphasis on financial sector development to support economic growth and stability.

Commercial Service Imports

Angola's Commercial service imports amount to $5,437,222,473.62, which is below the average of $27,102,746,128.60. Angola ranks 69th out of 171 countries in this attribute.

Computer, communications, and other services account for 41.86% of Angola's commercial service imports, slightly above the average of 41.71%. Angola ranks 89th out of 169 countries in this category.

Angola's Insurance and financial services as a percentage of commercial service imports stand at 9.23%, surpassing the average of 8.85%. Angola holds the 59th position out of 169 countries in this aspect.

Transport services constitute 37.59% of Angola's commercial service imports, which is higher than the average of 34.71%. Angola ranks 65th out of 169 countries in this metric.

Travel services make up 11.31% of Angola's commercial service imports, below the average of 14.73%. Angola ranks 85th out of 169 countries in this category.

Summary

Angola's commercial service imports show a mixed performance compared to global averages and rankings. While the country excels in insurance and financial services, and transport services, it falls behind in computer, communications, and travel services. Understanding these indicators is crucial for evaluating Angola's economic openness, trade patterns, and potential areas for growth and development within the service sector.

Infrastructure

In terms of Air transport, freight (million ton-km), Angola handles 28.9 million ton-km, significantly below the average of 1384.4 million ton-km. Angola is ranked 63 out of 126 countries in this aspect.

Angola has 3792 registered carrier departures worldwide, which is much lower than the average of 134365.6 departures. Angola ranks 108 out of 149 countries in this category.

The country transports 356695 passengers, a figure well below the average of 11848242.7 passengers carried. Angola is ranked 96 out of 149 countries for this metric.

Angola's container port traffic stands at 700000 TEU (20-foot equivalent units), notably lower than the average of 6907110.3 TEU. In this aspect, Angola is ranked 75 out of 110 countries.

Summary

Angola's performance in key macroeconomic indicators related to air transport and port traffic is notably below global averages. The country handles significantly less air freight, has fewer carrier departures, transports fewer passengers, and has lower container port traffic compared to the world average. These indicators are crucial for a country's economic development as they reflect its connectivity, trade capacity, and integration into the global economy. Angola's below-average performance in these areas may indicate challenges or limitations in its transportation infrastructure, logistics capabilities, or international trade competitiveness.

Information Technology Infrastructure

Angola has 660 secure internet servers, which is significantly below the average of 458,294. Angola ranks 127th out of 193 countries for this attribute.

With 19.74 secure internet servers per 1 million people, Angola falls far below the average of 14,067. Angola ranks 165th out of 193 countries for this metric.

32.55% of the population in Angola use the internet, well below the average of 64.77%. Angola ranks 149th out of 180 countries in this category.

Angola has 121,516 fixed broadband subscriptions, much lower than the average of 6,591,956. Angola ranks 121st out of 185 countries for fixed broadband subscriptions.

With 14,645,050 mobile cellular subscriptions, Angola is below the average of 42,526,464. Angola ranks 69th out of 193 countries for mobile cellular subscriptions.

Summary

Angola lags behind global averages in key macroeconomic indicators related to internet infrastructure and access. The country has significantly fewer secure internet servers, lower internet penetration, and fewer fixed broadband subscriptions compared to the global averages. This limited internet connectivity can hinder Angola's economic development, innovation, and competitiveness in the digital age, highlighting the need for infrastructure investment and policies to improve connectivity.

Energy Consumption

Angola's renewable energy consumption accounts for 61.02% of its total final energy consumption, which is significantly higher than the global average of 32.18%. This places Angola at the 40th rank out of 191 countries in terms of renewable energy utilization.

Regarding CO2 emissions, Angola emits 19,814.5 kilotons, lower than the average emission of 171,895.94 kilotons. This positions Angola at the 83rd rank out of 188 countries in CO2 emissions data analysis.

Summary

Angola exhibits a commendable focus on renewable energy with 61.02% of its total energy consumption coming from renewable sources, surpassing the global average by a significant margin. This places Angola in the top 40 countries globally for renewable energy utilization. Additionally, its relatively low CO2 emissions of 19,814.5 kilotons, compared to the global average, position Angola favorably at the 83rd rank for CO2 emissions among countries.

These statistics are crucial as they highlight Angola's progress towards sustainable energy practices, contributing positively to global efforts in combating climate change. By prioritizing renewable energy sources and maintaining lower CO2 emissions, Angola sets a strong example for other nations striving for environmental responsibility and long-term ecological stability.

Government Balance Sheet

Angola's Total reserves (% of total external debt) stand at 21.08%, significantly below the average of 66.13%. This places Angola at rank 77 out of 102 countries.

For Reserves and related items (BoP, current US$), Angola's value is - $4,428,395,980.52, notably lower than the average of $1,924,407,186.58. This ranks Angola at 156 out of 171 countries.

Angola's Total reserves minus gold (current US$) amount to $13,781,988,139.60, well below the average of $74,221,588,171.61. This positions Angola at rank 61 out of 161 countries.

Total reserves (includes gold, current US$) for Angola are $13,781,988,139.60, significantly less than the average of $85,708,019,773.47. Angola ranks 64 out of 161 countries for this attribute.

Angola's Total reserves in months of imports are at 8.03 months, higher than the average of 7.10 months. This places Angola at rank 47 out of 151 countries.

Summary

Angola's total reserves metrics consistently place the country below global averages and in the lower ranks when compared to other nations. This indicates a vulnerability in Angola's ability to cover external debt liabilities, maintain a balance of payments, and withstand economic shocks. The low levels of reserves could signify challenges in managing financial stability, potential risks of currency devaluation, and limited capacity for investments in critical areas for long-term development.

Taxes

Angola has a weighted average tariff rate on all products of 9.23%, which is above the average of 5.21%. This places Angola at rank 30 out of 153 countries in terms of tariff rates applied, indicating a relatively high level compared to the global average.

Summary

Angola's weighted average tariff rate on all products is 9.23%, significantly higher than the global average of 5.21%. This places Angola at rank 30 out of 153 countries, reflecting a relatively high level of tariffs applied. This data is important as it indicates the degree of openness of Angola's economy to international trade and can influence the cost of imported goods for domestic consumers and businesses.

Top Stats

Ranks in Top Decile For:

Attribute	Rank/Total
Population ages 0-14 (% of total population)	10/194
Age dependency ratio (% of working-age population)	10/194
Birth rate, crude (per 1,000 people)	7/192
Fertility rate, total (births per woman)	7/190
Forest area (sq. km)	11/191
Total natural resources rents (% of GDP)	6/175
Oil rents (% of GDP)	4/117
Inflation, consumer prices (annual %)	8/165
Inflation, GDP deflator (annual %)	16/188
Total debt service (% of GNI)	8/120
Public and publicly guaranteed debt service (% of GNI)	1/120
External debt stocks (% of GNI)	8/120
External balance on goods and services (% of GDP)	10/163
Fuel exports (% of merchandise exports)	2/147
High-technology exports (% of manufactured exports)	14/150

Ranks in Bottom Decile For:

Attribute	Rank/Total
Population ages 15-64 (% of total population)	185/194
Population ages 65 and above (% of total population)	179/194
Medium and high-tech manufacturing value added (% manufacturing value added)	139/149
Final consumption expenditure (% of GDP)	146/159
General government final consumption expenditure (% of GDP)	148/158
Foreign direct investment, net inflows (BoP, current US$)	169/182
Foreign direct investment, net inflows (% of GDP)	169/178
International tourism, receipts (% of total exports)	119/120
ICT goods exports (% of total goods exports)	139/142
Food exports (% of merchandise exports)	149/152
Manufactures exports (% of merchandise exports)	151/152
Service exports (BoP, current US$)	160/171
Commercial service exports (current US$)	159/171
Merchandise imports by the reporting economy, residual (% of total merchandise imports)	163/180
Reserves and related items (BoP, current US$)	156/171