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 May of 2021.

Current Account to GDP in Angola is expected to reach 0.30 percent 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 -0.60 percent in 2022 and -1.00 percent 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 Yearly

Angola Trade Last Previous Highest Lowest Unit
Balance of Trade 2814.10 1339.40 42932.00 958.33 USD Million [+]
Current Account -133.50 5137.40 13841.20 -10272.80 USD Million [+]
Current Account to GDP 1.50 6.10 22.10 -28.10 percent [+]
Imports 2362.10 2113.90 22659.90 2113.90 USD Million [+]
Exports 5176.20 3453.30 63913.90 3453.30 USD Million [+]
Capital Flows -2083.20 -1296.90 8446.80 -6879.90 USD Million [+]
Crude Oil Production 1177.00 1138.00 2030.00 503.00 BBL/D/1K [+]
External Debt 48797.00 47553.80 48797.00 7594.83 USD Million [+]
Foreign Direct Investment 2586.90 6245.65 16581.02 389.00 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.