Economy
Nominal GDP
USD 110 billion
GDP per capita
USD 2,920
2021–2025 average
Currency
- Name
- Angolan kwanza
Ангольская кванза - ISO code
- AOA
- Rate against the US dollar
- USD 1 = 917.00 AOA
- Rate against the rouble
- 100 AOA = 9.1122 RUB
- Rate type
- Cross rate via the Bank of Russia USD/RUB rate
- Currency zone
- National currency
Exchange rate as of 1 October 2026
Economic structure
GDP structure: 2021–2025 average Source: Based on World Bank data. Period: 2021–2025 average
- Agriculture 20.8%
- Industry 34.3%
- Services 44.5%
Industries and programmes
- Key industries
- Oil production (the mainstay of exports and budget revenues), diamond mining, oil refining, construction, agriculture, and fishing.
- Government programmes
- National Development Plan (PDN) 2023–2027
- PRODESI program to support production, export diversification and import substitution
- Long-term “Angola 2050” strategy
- Development of the Lobito corridor
International trade
Exports of goods, 2021–2025
USD billion Source: World Bank / WTO, merchandise exports (TX.VAL.MRCH.CD.WT). Period: 2021–2025
Table
| Year | USD billion | index, 2021 = 100 |
|---|---|---|
| 2021 | 34.5 | 100.0 |
| 2022 | 51.3 | 148.7 |
| 2023 | 39.5 | 114.5 |
| 2024 | 39.3 | 113.9 |
| 2025 | 32.5 | 94.2 |
- Imports of goods
- USD 15.3 billion 2021–2025 averageSource: ITC. Period: 2021–2025 average
- Exports of goods and services
- USD 28.1 billion 2025Source: World Bank, national accounts. Period: 2025
- Change in exports of goods, 2021–2025
- −5.8%
- Average annual rate of change in exports of goods, 2021–2025
- −1.5%
Export specialisation
Main export products
share of exports of goods, %, 2024 Source: UN Comtrade, 2024; share of total merchandise exports, HS chapters (2 digits). Period: 2024
Main export destinations
share of exports of goods, %, 2024 Source: UN Comtrade, 2024; share of total merchandise exports, HS chapters (2 digits). Period: 2024
Investment areas
- Agriculture and food processing
- Exploration and mining of solid minerals (diamonds, copper, rare earth metals)
- Oil refining
- Energy
- Logistics along the Lobito corridor
Agreements with Russia
Investment protection
Agreement on the Promotion and Reciprocal Protection of Investments: signed 26 June 2009; in force since 12 January 2011
In force
Double taxation
There is no double taxation agreement with Russia.
Absent
Visa requirements
Russian citizens holding ordinary passports require a visa; visa-free tourist trips of up to 30 days (no more than 90 days per year)
Partly visa-free
Peaceful nuclear energy
No information
Other agreements
- Agreement on Military-Technical Cooperation (2006).
- Agreement on Cooperation in Fisheries and Aquaculture (2019).
- Agreement on the Mutual Recognition of Education, Qualifications and Academic Degrees (2019).
- Agreement on the Establishment and Operating Conditions of Information and Cultural Centers (2024);
- Memorandum of Understanding between the Government of the Russian Federation and the Government of the Republic of Angola on Cooperation in Diamond Mining and Processing (2019).
- Visa-free entry for Russian citizens holding ordinary passports for tourist trips of up to 30 days.
Incentives
- Main regimes and incentives
Private Investment Law (adopted in 2018, amended in 2021): tax incentives (reductions in corporate income tax, property taxes and customs charges) depending on the zone and priority sector; free economic zone regimes.
- Type of measure
- Investment agency
- AIPEX — Angola’s Private Investment and Export Promotion Agency (Agência de Investimento Privado e Promoção das Exportações)
