Browsing: Angola’s GDP

Angola’s public external debt increased to some US$51 billion in 2021. From the total, the largest amount (US$38.1 billion) was owed to commercial banks and enterprises. Debt with bilateral and multilateral creditors summed up to US$5.4 billion and US$7.6 billion, respectively.

There are some sectors that could help revive the economy among them the oil and gas industry.
Oil & Gas Sector
Angola’s oil production and supporting activities, which represents about one-third of Angola’s GDP and over 95 per cent of its exports, slipped into recession in 2015. However, as of August 2022,...

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