Source: world bank Nominal/PPP
Summary:
Angola GDP Per Capita expanded from 1980 to 2024, increasing from $5.93 to $101.00 .The compound annual growth rate (CAGR) averaged 6.66% over the period. The economy recorded its peak level in 2014 and its lowest level in 1994. Growth volatility remained high. The maximum drawdown reached 61.65%, 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.
- Expansion (1982–1983) indicating steady moderate growth
- High Growth (1984–1985) indicating robust economic expansion
- High Growth (1987–1990) 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
- Expansion (2013–2014) indicating steady moderate growth
- Crisis (2015–2016) indicating severe economic downturn
- High Growth (2017–2018) indicating robust economic expansion
- 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 93.726%, while the largest decline was in 2016 at -41.607%.