Angola recorded a Current Account surplus of 6.10 percent of the country's Gross Domestic Product in 2019.

Current Account to GDP in Angola averaged -1.49 percent from 1980 until 2019, reaching an all time high of 22.10 percent in 2006 and a record low of -28.10 percent in 1999. This page provides - Angola Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Angola Current Account to GDP - values, historical data and charts - was last updated on July of 2020.

Current Account to GDP in Angola is expected to reach 3.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Angola Current Account to GDP is projected to trend around -1.60 percent in 2021 and -1.30 percent in 2022, according to our econometric models.

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Angola Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
6.10 6.90 22.10 -28.10 1980 - 2019 percent Yearly

Angola Trade Last Previous Highest Lowest Unit
Balance of Trade 5593.10 4933.00 42932.00 958.33 USD Million [+]
Current Account 1894.10 7402.60 13841.20 -10272.80 USD Million [+]
Current Account to GDP 6.10 6.90 22.10 -28.10 percent [+]
Imports 3086.30 3207.90 22659.90 2971.53 USD Million [+]
Exports 8669.40 8140.90 63913.90 5317.98 USD Million [+]
Capital Flows -1296.90 -6879.90 8446.80 -6879.90 USD Million [+]
Crude Oil Production 1222.00 1352.00 2030.00 503.00 BBL/D/1K [+]
Foreign Direct Investment 6245.65 7650.03 16581.02 389.00 USD Million [+]
Gold Reserves 19.07 19.10 20.03 8.80 Tonnes [+]
External Debt 47553.80 46981.70 47553.80 7594.83 USD Million [+]
Terrorism Index 3.78 4.47 6.35 0.00 [+]


Angola Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.