Economic Indicators
2021 | 2022 | 2023 | |
Population (million) | 34.5 | 35.71 | 36.78 |
GDP (US$ billion) | 74.86 | 122.83 | 94.38 |
Real GDP Growth Rate (%) | 1.2 | 3 | 0.5 |
Total Export of Goods (US$ billion) | 34472 | 51275 | 38351 |
Total Import of Goods (US$ billion) | 11379 | 17803 | 16108 |
Total Export of Services (US$ billion) | 94* | 82* | 76 |
Total Import of Services (US$ billion) | 7,050* | 11,297* | 8591 |
Consumer Price Index (%) | 25.8 | 21.4 | 13.6 |
Current Account Balance (US$ billion) | 8.399 | 8.399 | 8.399 |
Source: * data from World Trade Organization (WTO) and the others from International Monetary Fund (IMF)
Main export and import goods destinations
Main export destinations (2021) | Proportion in total value of exports goods (%) | |
China | 60.4 | |
India | 9.0 | |
United Arab Emirates | 4.2 | |
Thailand | 3.0 | |
Others | 23.4 | |
Main import origins (2021) | Proportion in total value of imports goods (%) | |
China | 15.1 | |
Portugal | 12.1 | |
India | 6.7 | |
Togo | 5.5 | |
Others | 60.6 |
Source: International Monetary Fund (IMF)
Major import and export goods
Major export goods (2021) | Proportion in total value of exports goods (%) |
Fossil fuels, mineral oil and distilled products thereof; bituminous substances; mineral wax | 94.1 |
Natural or cultured pearls, precious or semi-precious stones, preciousmetals, metals clad with precious metal and articles thereof; immitation jewellery; coin. | 4.6 |
Others | 1.3 |
Major import goods (2021) | Proportion in total value of imports goods (%) |
Fossil fuels, mineral oil and distilled products thereof; bituminous substances; mineral wax | 16.2 |
Nuclear reactors, boilers, machinery and mechanical appliances and relevant spare parts | 16.0 |
Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles | 6.9 |
Others | 60.9 |
Source: International Trade Center (ITC)
Statistics on Trade in Services
Main Export of Services (2021) | Proportion in total value exports of services (%) |
Telecommunications, Computer & Information Services | 34.0 |
Other business services | 26.6 |
Tourism | 23.4 |
Other | 16.0 |
Main Import of Services (2021) | Proportion in total value imports of services (%) |
Transportation | 36.3 |
Other Business Service | 24.3 |
Construction | 12.6 |
Other | 26.8 |
Remarks:The above content is based on estimated value of UNCTAD, WTO and ITC.
Source:International Trade Centre (ITC)
Statistics of trades between Mainland China and Angola (US$ ten thousands)
Year | Total Trade | Total Exports value* | Total Imports value** |
2023 | 23,049,069 | 4,142,537 | 18,906,532 |
2022 | 27,342,898 | 4,096,911 | 23,245,987 |
2021 | 23,343,642 | 2,493,080 | 20,850,561 |
Remarks: * Value of goods exported to Angola from Mainland China; **Value of goods imported from Angola to Mainland China Source: General Administration of Customs of the People’s Republic of China
Statistics on the trade goods between Macao and Angola (US$) (USD 1 » MOP 8)
Year | Total trade | Total exports value** | Total imports value*** |
2023 | 391,747.6 | – | 391,747.6 |
2022 | 953,018.6 | – | 953,018.6 |
2021 | 20,761.1 | – | 20,761.1 |
Remarks: * Value of goods exported to Angola from Macao; **Value of goods imported from Angola to Macao.
Source: Statistics and Census Service (DSEC), Macao SAR Government
Sources:
• Country (region) guide for foreign investment cooperation (Angola) by the Ministry of Commerce of the People’s Republic of China
• “2021 Statistical Bulletin of China’s Outward Foreign Direct Investment” by the Ministry of Commerce of the People’s Republic of China, National Bureau of Statistics and State Administration of Foreign Exchange
• General Administration of Customs of the People’s Republic of China
• SinoMaps Press
• Statistics and Census Service (DSEC), Macao SAR Government
• International Monetary Fund (IMF)
• International Trade Center (ITC)
• “2022 World Investment Report” by the United Nations Conference on Trade and Development (UNCTAD)
• “Country Economic Forecast – Angola (Mar 2023)” by Oxford Economics
Updated in June 2024.