International Trade in Angola

International Trade in Angola

With the pre-crisis  average economic growth at 20%, Angola was one of the fastest growing economies of the world. Due to the global recession, the fall of oil prices and the reduction of the production quota of the OPEC (Organization of the Petroleum Exporting Countries) the growth came... Read more

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Market Analyses About Angola (33)

Import and Export Services in Angola (161)

  • TechnoTrans - Transitários Internacionais, Lda.
    Address: Rua Rei Katyavala N°138, Luanda Telephone:  +244 923425100
  • Cubic Global

    Cubic Global

    Executive Search, Angola

    We are a global executive search and recruitment firm that uses tried and tested selection methodologies to ensure that we precisely...

Business Tips About Angola (36)

Agents and Distributors in Angola (21)

  • Kayex Global Import & Export

    Kayex Global Import & Export

    Air Freight, Angola

    We offer our clients a wide range of services & transportation modes as well as expert advice on which of these modes of...
  • Clever Plan

    Clever Plan

    Sales Agents, Angola

    Clever Plan is a trading company specialized in the trade of top branded perfumes, liquor's and beverages, professional hair care...

Overview About International Trade in Angola

Economic Overview

With the pre-crisis  average economic growth at 20%, Angola was one of the fastest growing economies of the world. Due to the global recession, the fall of oil prices and the reduction of the production quota of the OPEC (Organization of the Petroleum Exporting Countries) the growth came to a abrupt halt in 2009, falling to 0.7%. Estimated at 5.9% in 2010, growth should again become stronger in 2011. After 27 years of civil war, the country is now undergoing reconstruction, which is largely financed by country's oil wealth.

Becuase the crisis has greatly worsened the macroeconomic situation of the country, in 2009 Angola appealed for help to the IMF and signed a stand-by accord. The country should deal with the challenge of increasing spending on basic infrastructures, while also constituting a foreign currency reserve and paying its arrears. The 2011 reforms program emphasizes strenghtening of the economic institutions and a reform of the fiscal system. Reforms aiming to improve the business environment are also planned.

Even though the income per capita is increasing, particularly in the metropolitan regions, life is still difficult for the majority of the Angolans

News Related to International Trade in Angola

  • Angola is well positioned to develop soya production - govt official - Aug 09, 2014

    Luanda - Angola is well positioned to develop the production and sale of soya, due to climatic conditions and characteristics of the soil, similar to that of Brazil, stated the minister of Agriculture and Rural Development, Afonso Pedro Canga.

    Source: ANGOLA PRESS

  • Cabinet Council analyses Angola/Namibia monetary conversion - Aug 09, 2014

    Luanda - The memorandum on the monetary conversion agreements between the Central Banks of Angola and Namibia is being analysed this Friday in the 2nd Extraordinary Session of the Cabinet Council Economic Committee, under the guidance of the President of the Republic, José Eduardo dos Santos.

    Source: ANGOLA PRESS

  • Angola Defends Reinforcement of Security in Gulf of Guinea - Aug 09, 2014

    [ANGOP]Washington -The need of reinforcing the international cooperation in fighting piracy, aimed to guarantee the security in maritime navigation in the Gulf of Guinea, was defended on Wednesday in Washington by the Angolan delegation that attended the US/Africa summit.

    Source: ALL AFRICA