Search Issues
|
||
Luanda, capital of Angola
|
Agriculture is an
important economic mainstay |
Angola is the second largest petroleum producer
in Africa’s southern Sahara area |
ECONOMIC SITUATION:
The Republic of Angola is in south west Africa bordering Namibia to the south, the Democratic Republic of the Congo to the north, Zambia to the east with the whole of the west coast along the Atlantic Ocean and Luanda as its capital. Angola is the second largest petroleum producer in Africa’s southern Sahara area with over 90% exported as well as being the fifth largest diamond producer in the world. The potential to develop the agricultural industry is enormous as it has an excellent climate and very fertile soil.
Business Opportunities:
Mining
With substantial deposits of mineral resources such as diamonds, petroleum, iron, copper, manganese, phosphate, salt, mica, lead, tin, gold,silver and platinum various metals; Angola has been described as one of the world’s best countries for natural resources. According to statistic data, Angola has 35 out of 45 mineral categories in international trade, especially petroleum, natural gas and diamonds. The government has developed a policy framework to encourage investment in the mining sector.
Agriculture and Fishing
Agriculture is the biggest industry with the cultivation of coffee being the most widely practiced, Angola is self-sufficient in most food crops such as sisal, corn, palm oil and sugar cane, with commercial crops such as cotton, tobacco, potatoes, rice, cocoa bean, bananas also high on the list. Cattle, goats and pigs are the main livestock farmed and fishing contributes a lot to the national economy providing about 50,000 jobs, which include 23,000 employed in iod fishing.
Tourism
The tourism industry is developing rapidly and is attracting investment from many different countries. With the number of travel agents increasing exponentially with the number of tourists also increasing; most of the agents are located in the capital Luanda and some provinces such as Benguela and Hula.)
Source:
1.The Ministry of Foreign Affairs of the People’s Republic of China, http://www.fmprc.gov.cn/chn/default.htm
2.Macao Trade and Investment Promotion Institute , http://www.ipim.gov.mo
MAIN ECONOMIC INDICATOR S 2008
|
|||
Gross Domestic Product (US$ Billions)
|
110.3
|
||
Real GDP growth (%)
|
13.2
|
||
GDP per capita (US$)
|
8800
|
||
Inflation (%)
|
12.5
|
||
Land area (sq km)
|
1,246,700
|
||
Population (Million)
|
12.53
|
Source:
CIA- The World Fact Book-Angola, https://www.cia.gov/library/publications/the-world-factbook/geos/ao.html
Index Mundi-Country Facts, http://indexmundi.com/angola/gdp_real_growth_rate.html
Major Website Recommendations :
- The official website of the Republic of Angola,http://www.angola.org/
Official website of the Republic of Angola; you will find a wealth of information about Angola, travel and tourism, its business and economy, and the government.
- Angola’s National Agency for Priva te Investment (ANIP), http://www.investinangola.com/eng_home.asp
ANIP is to help carry out Government policies designed to support the growth of a diverse stable economy that allows Angola to practicipate more fully in the global economy.
Foreign Trade from 2003 to 2007(Unit: US$ billions)
|
|||
Year
|
Total Trade
|
Exports
|
Imports
|
2007
|
56.0
|
44.6
|
11.4
|
2006
|
44.7
|
33.7
|
11.0
|
2005
|
33.0
|
24.8
|
8.2
|
2004
|
19.3
|
13.5
|
5.8
|
2003
|
15.0
|
9.5
|
5.5
|
Source:
CIA-The World Fact Book-Angola,
https://www.cia.gov/library/publications/the-world-factbook/geos/ao.html
The Ministry of Foreign Affairs of the People’s Republic of China, http://www.fmprc.gov.cn/chn/default.htm
Main Export Commodities: crude oil, diamonds, petroleum products, coffee, sisal, fish and fish products, timber, cotton
Main Import Commodities: machinery and electrical equipment, vehicles and spare parts; medicines, food, textiles, military goods
Main Destinations of Exports (2007)
|
%
|
Main Origins of Imports (2007)
|
%
|
US
|
32.1
|
Portugal
|
19.7
|
China
|
32
|
US
|
10.9
|
France
|
5.9
|
China
|
10.5
|
Taiwan
|
5.3
|
Brazil
|
10.3
|
South Africa
|
4.5
|
South Africa
|
6.6
|
France
|
6.3
|
||
UK
|
4.6
|
||
Germany
|
4.3
|
Source:
CIA-The World Fact Book–Angola,https://www.cia.gov/library/publications/the-world-factbook/geos/ao.html
Mainland China – Angola Trade(Unit:Billion US$)
|
|||
Year
|
Total
|
Exports
|
Imports
|
2007
|
14.120
|
1.231
|
12.889
|
2006
|
11.827
|
0.894
|
10.933
|
2005
|
6.955
|
0.373
|
6.582
|
2004
|
4.911
|
0.194
|
4.717
|
2003
|
2.352
|
0.146
|
2.206
|
Source:
Ministry of Commerce of the People’s Republic of China, http://ao.mofcom.gov.cn/
MACAO- ANGOLA BILATERAL TRADE 2008(Unit: Mop)
|
||
Trade type
|
Weight (KG)
|
Macao Patacas
|
Imports
|
147
|
175,878
|
Transit
|
140,028
|
2,190,684
|
note 1: Exports = Domestic Exports + Re-exports
Source: The Statistics and Census Service http://www.dsec.gov.mo/
SOURCE:
- The Ministry of Foreign Affairs of the People’s Republic of China
- The Ministry of Commerce of the People’s Republic of China
- The Economic and Commercial Consuls Office of the Embassy of the Peoples Republic of China in the Republic of Angola
- Macao Statistics and Census Service
- The World Factbook
- World Economic Forum