Current Account to GDP in Angola decreased to 1.50 percent in 2020 from 6.10 percent in 2019. source: National Bank of Angola

Current Account to GDP in Angola averaged -1.42 percent from 1980 until 2020, 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 2021.

Current Account to GDP in Angola is expected to reach 0.70 percent of GDP by the end of 2021, 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 0.40 percent of GDP in 2022 and -0.50 percent of GDP in 2023, according to our econometric models.

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Angola Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
1.50 6.10 22.10 -28.10 1980 - 2020 percent of GDP Yearly

Angola Trade Last Previous Highest Lowest Unit
Balance of Trade 4382.90 3140.90 42932.00 958.33 USD Million [+]
Current Account 893.80 5137.40 13841.20 -10272.80 USD Million [+]
Current Account to GDP 1.50 6.10 22.10 -28.10 percent of GDP [+]
Imports 2500.80 2626.20 22659.90 2102.70 USD Million [+]
Exports 6883.70 5767.10 63913.90 3456.60 USD Million [+]
Capital Flows -2083.20 -1296.90 8446.80 -6879.90 USD Million [+]
Crude Oil Production 1073.00 1125.00 2030.00 503.00 BBL/D/1K [+]
Remittances 3.27 1.86 3.27 1.05 USD Million [+]
Foreign Direct Investment 6310.85 10488.26 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.