Economy Statistics

Official Currency: New Kwanza (NKz)

Exchange Rate (21/04/2010): US$1 = 93.99 Kz

For a more accurate exchange rate visit:

Banco Nacional de Angola
XE.com – Full Universal Currency Converter

Trading currency: US Dollars

GDP per capita: IMF: US$4,302 (2009), World Bank: US$3,734 (2009E)

Gross Domestic Product (GDP): $US74,474 million (2009E)

Real GDP Growth Rate: -0.2% (2009E), 12.3% (2008 est.), 21.1% (2007 est.)

Inflation rate (consumer prices): 13.1% (2009E), 12.5% (2008E), 91% (1999E)

Current Account Balance:
US$4.941 billion (2009E)
US$17.11 billion (2008E)
US$1.4 billion (1999E)
US$1.9 billion (1998E)

Population: 18,498,000 (2009)
Population growth rate: 2.8% (2005-2010E – United Nations list)

National Debt/GDP ratio: 18%

Rate of Inflation: 30% (1997)

Public Debt/PIB: 18%

If you are kinesthetic, you can also use this useful link but you will be interested in doing many diagrams to better understand the concepts. Finally, if you are auditory, take care not to take too abstract notes, reduced to keywords, but take notes more complete: try to note the anecdotes told by the professor, the formulas-shock, certain sentences in full with verbs. Abbreviate is a way to increase your writing speed so you can take more things in notes. We must not abbreviate all words, only those for which we have a pre-established code that must then be kept. There are several tips and tricks for this: delete letters or terminations of words (way becomes “maniR”, attention becomes “wait”, development becomes “dvlpmt”, time becomes “tps”. currents such as never “jms”, how “cmt”, however “cpdt”, many “bcp”; Symbols can replace words often used as, plus “+” minus “-“, percentage “%”, question ” ? “, equal” = “; ideograms to designate themes such as death (across), a man or a woman (the biological symbol), love (a heart)

Tax of Inflation: 30% (1997)

Employment structure: Primary sector 68.5%; Secondary 4.5%; Tertiary 26.8%

Principal exports: Crude oil, diamonds, Refined Petroleum Products, other minerals, timber, fish, coffee, cotton and sisal.

Principal imports: Foodstuffs, beverages, plant products, electrical equipment, military equipment, vehicles and spare vehicle parts.

Main trading partners: Brazil, South Africa, Belgium, Portugal, Spain, Germany, China, France and USA .

Main Ports: Luanda, Lobito and Namibe.

Total External Debt (2000E): US$12 billion.