02.08.2020

angola gdp growth 2019

Angola GDP (Gross Domestic Product) was INT$158.52billion for 2019 in PPP terms. Severe wartime conditions, including extensive planting of landmines throughout the countryside, have brought agricultural activities to a near-standstill. Despite extensive oil and gas resources, diamonds, hydroelectric potential, and rich agriculturalland, Angola remains poor, and a third of the population relies on subsistence agriculture. The economy remained in recession in the first quarter, and the downturn is expected to have intensified in the second quarter amid the full fallout from the global pandemic. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. The GDP value of Angola represents 0.08 percent of the world economy. Download historical data for 20 million indicators using your browser.Direct access to our calendar releases and historical data. {"2005":7749041.73, "2006":9190363.49, "2007":11321571.80, "2008":12885709.96, "2009":13193678.43, "2010":13648860.34, "2011":14177525.84, "2012":14908377.30, "2013":15928557.56, "2014":16673310.10, "2015":16830706.15, "2016":16396473.93, "2017":16371879.22, "2018":16093720.99, "2019":15851832.36}[{"1970":31.33, "1971":33.21, "1972":33.27, "1973":35.97, "1974":37.10, "1975":35.23, "1976":33.38, "1977":33.63, "1978":31.85, "1979":31.95, "1980":32.82, "1981":31.38, "1982":31.38, "1983":32.70, "1984":34.66, "1985":35.87, "1986":37.01, "1987":39.60, "1988":41.81, "1989":41.97, "1990":41.78, "1991":42.20, "1992":39.73, "1993":30.20, "1994":30.61, "1995":35.20, "1996":42.24, "1997":44.56, "1998":44.56, "1999":46.01, "2000":47.39, "2001":48.88, "2002":55.98, "2003":57.83, "2004":64.31, "2005":77.49, "2006":91.90, "2007":113.22, "2008":128.86, "2009":131.94, "2010":136.49, "2011":141.78, "2012":149.08, "2013":159.29, "2014":166.73, "2015":168.31, "2016":163.96, "2017":163.72, "2018":160.94, "2019":158.52}]{"1971":6.0, "1972":0.2, "1973":8.1, "1974":3.1, "1975":-5.0, "1976":-5.2, "1977":0.7, "1978":-5.3, "1979":0.3, "1980":2.7, "1981":-4.4, "1982":0.0, "1983":4.2, "1984":6.0, "1985":3.5, "1986":3.2, "1987":7.0, "1988":5.6, "1989":0.4, "1990":-0.4, "1991":1.0, "1992":-5.8, "1993":-24.0, "1994":1.3, "1995":15.0, "1996":20.0, "1997":5.5, "1998":0.0, "1999":3.2, "2000":3.0, "2001":3.1, "2002":14.5, "2003":3.3, "2004":11.2, "2005":20.5, "2006":18.6, "2007":23.2, "2008":13.8, "2009":2.4, "2010":3.5, "2011":3.9, "2012":5.2, "2013":6.8, "2014":4.7, "2015":0.9, "2016":-2.6, "2017":-0.2, "2018":-1.7, "2019":-1.5} The government introduced new currency denominations in 1999, including a 1 and 5 kwanza note.Angola produced over 3 million carats (600 kilograms) of diamonds in 2003,The construction industry is taking advantage of the growing economy, with various housing projects stimulated by the government initiatives for example the Cabinda Gulf Oil Company found Malange-1, an oil reservoir in Block 14, on August 9, 2007.Despite its abundant natural resources, output per capita is among the world's lowest.

GDP in Angola averaged 41.85 USD Billion from 1980 until 2019, reaching an all time high of 145.71 USD Billion in 2014 and a record low of 4.44 USD Billion in 1994. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. License: CC BY-4.0 Line Bar Map. It has given the green light to continued financial support to Angola under the Extended Fund Facility. In 2019, real GDP growth for Angola was -1.5 %. It is estimated that the application of the latest standard would add US$824 billion.Most American countries use a national income accounting standard that fails to record the informal economy.

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