The 2019 Annual Meetings of the African Development Bank Group will be held from 11-14 June 2019, in Malabo, Republic of Equatorial Guinea. Find out more


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

A sharp decline in oil prices since 2014 has harmed the oil-dependent economy, and real GDP shrank by 0.2% in 2017 and an estimated 0.7% in 2018. Fiscal revenues declined by more than 50% between 2014 and 2017. Fiscal consolidation through better mobilization of nonoil fiscal revenue and spending cuts reduced the budget deficit to an estimated 2.8% of GDP in 2018 from 4.8% in 2017. Public debt, largely external, increased from 40.7% of GDP in 2014 to an estimated 80.5% in 2018, raising concerns about its sustainability.

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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

Mr Kapil Kapoor, Director General

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