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Financial Sector Overview

Economic Landscape

Despite being a Lusophone country sandwiched between Anglophone and Francophone countries, Angola plays a vital role in Southern Africa. It is a member of the Community of Portuguese Language Countries and the Southern African Development Community and is a signatory to the African Continental Free Trade Agreement. In efforts to open Angola’s borders, a 2018 law allows for exemption and facilitated tourist visa processing. Angola is projected to emerge from recession with real GDP growth of 1.2% in 2019 and 3.2% in 2020. The recovery will be driven mainly by the production and export of diamonds (growing by 8.2%), agriculture (5%), and construction (2.1%). Changing to a floating exchange regime in 2019 could eventually eliminate the gap between the official and parallel market exchange rates. A 14% value added tax to be introduced in July 2019 will also mobilize domestic resources.

Source

At a Glance

At a Glance Source
Population in thousands (2017): 29,784,193
GDP per capita (current US$) 2017 - World Average 10,721.61: 4100.29
Account (%) age 15+) - (2014 vs 2017): 29% (2014)
Agriculture Orientation Index - Credit ( Agriculture, Forestry and Fisheries share of GDP) (2015 vs 2016): 0.51 | 0.78
Financial Inclusion Strategies: n/a
Domestic credit provided by financial sector (% of GDP) 2017: 29.56
Made or received digital payments in the past year (% age 15+) (2014 vs 2017): 25% (2014)
Remittances % of GDP for 2017: 0
Mortgage Interest Rate / Mortgage Term (years): 25.64% | 20 years

Donor Projects Database

Projects

Latest News & Events

Jun 07, 2019 | Angola Press; All Africa
At least 141 billion of kwanzas is the sum made available by eight commercial banks of Angola to

Latest Publications

Jul 31, 2018 | FinMark Trust | FinMark Trust
Apr 30, 2017 | A.B. Fanta, K. Mutsonziwa, B. Berkowitz et al. | FinMark Trust
Mar 23, 2017 | D. Chamberlain, A. Carmago, W. Coetzee | FSD Africa
Jul 06, 2016 | Z. Brey, S. Chisadza, A. Ludin et al. | FinMark Trust
Feb 29, 2016 | FinMark Trust | FinMark Trust