Publication date: 2016, August
Author: MINEA
Description: Angola is one of the fastest growing economies in sub-saharan Africa. Its economy is largely dependent on the oil sector, of which Angola is the second largest producer of the continent after Nigeria. In recent years, however, Angola’s economy has experienced a significant diversification, with the growth of the non-oil sector being superior thant that of the oil sector, driven mainly by agriculture, energy, manufacturing, construction and service sectors. Nevertheless, Angola’s economy still remains largely dependent on oil, which accounts for an estimated 95% of exports, 70% of government revenue and 46% of GDP.
