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

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 February of 2021.

Current Account to GDP in Angola is expected to reach -10.00 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 -6.50 percent in 2021 and -3.00 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 1342.60 4054.80 42932.00 958.33 USD Million [+]
Current Account -133.50 5137.40 13841.20 -10272.80 USD Million [+]
Current Account to GDP 6.10 6.90 22.10 -28.10 percent [+]
Imports 2110.70 2448.30 22659.90 2110.70 USD Million [+]
Exports 3453.30 6503.10 63913.90 3453.30 USD Million [+]
Capital Flows -2083.20 -1296.90 8446.80 -6879.90 USD Million [+]
Crude Oil Production 1133.00 1145.00 2030.00 503.00 BBL/D/1K [+]
Foreign Direct Investment 2586.90 6245.65 16581.02 389.00 USD Million [+]
External Debt 48797.00 47553.80 48797.00 7594.83 USD Million [+]
Terrorism Index 3.43 3.78 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.