Angola Economic Outlook

  • Angola’s economy rebounded strongly after experiencing slow growth due to oil and financial crises. Economic growth is expected to reach 8.2% in 2013, and 7.8% in 2014, driven by the expansion in the oil and gas sector and a public expenditure programme designed to encourage economic diversification.

Angola and the AfDB

Since resuming operations in the country in 2001, at the end of civil war, the Bank Group has regularly provided diversified support to Angola’s development efforts characterized by the following sector distribution: agriculture, rural development and environment (49%); social, including health and education (27%); water and sanitation (16%); and multi-sector (8%). To date, the AfDB Group has provided eight loans valued at a total of US $122.4 billion.

Project Portfolio

Reference Project Status
P-AO-D00-003 National Transport Sector Master Plan

Categories: Angola, Transport

P-AO-AAF-002 Fisheries sector support project

Categories: Angola, Agriculture & Agro-industries


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Angola field office

Banco Africano de Desenvolvimento
Rua Rei Katyavala Building Rei Katyavala Ingombota
Luanda, Angola

Tel : +244 937240847/ +244 930049256/+244 935565656

Mr. Septime Martin, Resident Representative

Southern Africa Resource Center (SARC)

African Development Bank Group
339 Witch-Hazel Avenue
Highveld Ext. 78
Centurion, South Africa

Tel: +27 12 003 6900

Mr. Ebrima Faal, RRC Director


Key Facts

Capital: Luanda
Area: 1,246,700 sq km
Total Population 2012: 20.2 Million
Urban Population 2012: 60.18%
Female Population 2012: 50.45%
GDP: US$ 116.5 Billion
GNI Per Capita 2012: US$ 4,060
Inflation Rate: 10.30%
Crude Birth Rate (per 1000): 40.18%
Human Development Index (rank / 187): 148
Human Development Index (scale 0 to 1): 0.508
Membership Date: 23/06/1980
Cumulative Approvals (1967-2012): UA 374.3 Million

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