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 (87)

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  • 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...
  • 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...

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 Cables launches cloud service platform - Jul 16, 2019

    Angola Cables, an Angolan multinational telecommunications company has announced the launch of Angola Cables Cloud Service to the African market. The ‘Cloud as a Service’ platform was launched as a response to increasing demand from companies that operate across the African continent that are looking to innovate and improve their digital tools and capabilities. These [&hellip

    Source: IT News Africa

  • Angola VAT invoice changes - Mar 27, 2019

    Angola has issued new tax guidance on the requirements for VAT invoices.  This has been published in the official Gazette, and comes into effect on 30 November 2013. New VAT invoice requirements The

    Source: VAT Live

  • Angola introduces 14% VAT Jan 2019 - Mar 27, 2019

    Angola is to replace its existing 10% Consumption Tax regime with a 14% Value Added Tax system from 1 January 2019. Until the start of 2021, this will be mandatory for large taxpayers (turnover exceed

    Source: VAT Live