With one of the fastest growing economies in the world, Angola is positioned to become an active member of the global economic community. The Angolan economy had an average growth rate of 9.6 percent in the period 1989 to 2007, and recorded a growth of 92.4 percent in real terms over the period 2004 to 2007.
With the consolidation of political stability in the country and accordingly to the shown results in just four years has nearly doubled its gross domestic product (GDP), representing an average annual rate of real growth of approximately 17.8 percent. ”
Angola has guaranteed national reconstruction and at the same time, taken steps to secure macroeconomic stability and establishing the foundations for a robust economic development.
Political stability and investment in rehabilitation and modernization of infrastructure and social production have led to greater movement of goods and people, the increase in domestic and foreign private investment and fundamental structural changes in the economy.
The non-oil GDP has grown at a rate higher than the oil sector which is a positive sign.
The national currency (Kwanza) has remained stable, with more effective exercising its role as a medium of exchange and store of value.
After the period of hyper inflation, which reached in 1996 by a cumulative rate of three thousand percent, the country has experienced in recent years inflation rates close to 10 percent, including 12.2 percent in 2006, 11.79 percent in 2007 and 12.8 in 2008.
In order to implement its vision of a transition to a market economy strong, the Government of Angola actively promotes private investment by Angolan citizens and foreigners in industrial sectors well identified and areas of development.
From its privileged geographical location in the Atlantic Ocean coast – its abundant natural and human resources – the policies of economic development focusing on private investment – Angola is able to provide financial incentives to investors interested to increase the potential returns of capital. Today, when Africa is at the center of all attention, Angola intends to become a privileged point of attraction for private investment that is the key to its plans for economic growth.