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

As a result of lower international oil prices, real GDP growth was 4.7% in 2011–15, down from 12.6% in 2006–10. Lower oil prices hurt fiscal revenues, leading authorities to cut infrastructure expenditures 55% between 2014 and 2017. The decline in foreign currency supply and resulting local currency depreciation hampered economic activity and job creation in import-dependent industries, such as construction, manufacturing, and retail services. Economic growth slowed to 0.1% in 2016 but recovered to to growth (an estimated 2.1%) in 2017, due to strong performance in agriculture, fisheries, and energy. The economic prospects for beyond are subdued, with growth projected to remain modest, at 2.4% in 2018 and 2.8% 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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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

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