RaboResearch - Economic Research

Country Report

Country Report Angola

Stagnating oil production lowered economic growth in 2013, highlighting Angola’s dependence on the energy sector. The political scene was dominated by a succession debate.

Country Report

Country Report Angola

Angola is an oil-rich country and Africa’s second largest oil exporter. Angola’s economic growth is highly dependent on oil price developments and a declining international oil price will therefore remain a cause of concern.

Country Report

Angola (Country update)

Angola’s oil-based economy stands to benefit from the recent increase in oil prices. Oil exports account for 96% of total exports and generate 90% of all tax income. Higher oil prices will thus help Angola to recover from the global crisis that hit the country in 2008 and 2009. Consequently, we expect GDP growth to reach 7.9% in 2011 (from 1.7% in 2010).