Source: world bank Nominal/PPP
Summary:
Angola GDP Per Capita expanded from 1980 to 2024, increasing from $729.11 to $2,665.87 .The compound annual growth rate (CAGR) averaged 2.99% over the period. The economy recorded its peak level in 2012 and its lowest level in 1994. Growth volatility remained high. The maximum drawdown reached 69.15%, indicating the largest cyclical decline from peak levels. The country experienced 9 recession episode(s) during the observed period.
Angola Economic Phases (1980 - 2024)
From 1980 to 2024, Angola economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- Contraction (1981–1982) indicating temporary slowdown
- Expansion (1983–1984) indicating steady moderate growth
- High Growth (1989–1990) indicating robust economic expansion
- Crisis (1992–1994) indicating severe economic downturn
- High Growth (1995–1996) indicating robust economic expansion
- High Growth (2002–2008) indicating robust economic expansion
- High Growth (2010–2012) indicating robust economic expansion
- Contraction (2013–2014) indicating temporary slowdown
- Crisis (2015–2016) indicating severe economic downturn
- Crisis (2019–2020) indicating severe economic downturn
- High Growth (2021–2022) indicating robust economic expansion
- Contraction (2024–2024) indicating temporary slowdown
The most remarkable growth occurred in 2002 with an increase of 87.236%, while the largest decline was in 2016 at -43.658%.