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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.

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Angola Economic Outlook

Angola continues to face a challenging macroeconomic environment since the sharp drop in oil prices in 2014. A real GDP contraction of 0.1% is estimated for 2019, indicating that the recession has not yet ended. Even so, there are signs of recovery, and growth of 2.8% is predicted for 2020. The oil price shock of 2014 reduced oil revenues from 35.3% of GDP to 17.5% in 2017, leaving an estimated fiscal deficit of 0.1% of GDP in 2019.

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Key Facts

Capital: Luanda
Area: 1,246,700 sq km
Total Population 2017: 26.7 Million...
Urban Population 2017: 73.50%
Female Population 2017: 49.70%
GDP: US$ 104.6 Billion
GNI Per Capita 2015: US$ 4,180
Inflation Rate: 21.75%
Crude Birth Rate (per 1000): 44.10%
Human Development Index (rank / 188): 150
Human Development Index (scale 0 to 1): 0.533
Membership Date: 23/06/1980
Cumulative Approvals (1967-2016): UA 1.4 Billion

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Knowledge Products


Angola Country office

Banco Africano de Desenvolvimento

Rua Comandante Gika No.3, Edifício Garden Towers, 18o Andar, Torre B, Alvalade-Luanda.

Tel : +244 222 701 000/ +244 930 049 256

Fax: +244 222 035 788

Mr Joseph Ribeiro, Country Manager

Southern Africa Regional Development and Business Delivery Office

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

Tel: +27 12 003 6900

Mr Kapil Kapoor, Director General