Angolia Flashcards
Oil exporter
2nd largest in sub Saharan africa
Hdi ranking for 2019
147th
PPD
Relies on oil, volatile pricing
Why is ppd of oil a problem
Collapse in oil prices in 2015 caused a deterioration in ToT, growth and tax revenues. Highly exposed to shocks in world economy
Corruption ranking
165/181
International competitiveness
136/141
Life expectancy
55 yrs
Child labour
19%
Gini coefficient
0.43
Trade as % of gdp
52%
Growth policies and economic reforms
Ending fixed currency pegged with USD in 2018
Private investment law that allows international investors to invest in Angola without needing to partner with locals, deregulation
Relaxations of visa restrictions to allow skilled migration
Privatisation
Problems of angolia
Inadequate infrastructure
Corruption
Weak institutions
PPD
Education
Oil accounts for
30% of gdp
95% of exports
GDP
67.4 billion
GDP per capita
$1953