Angola’s Long-Term Development Strategy, Vision 2025, aims to lift the country out of poverty by promoting growth economic, macro-economic stability, jobs and equality, taking advantage of the country’s considerable natural resources and its potential to create opportunities for all its citizens. Angola is currently classified as a low-middle income country, with a GDP per capita estimated at US $ 3,879. A growth rate impressive economic performance, averaging more than 10% annually between 2006 and 2010, it reduced to more than half (4.7%) between 2011 and 2015 as a result of the sudden and prolonged decline in oil prices oil, which represent more than 95% of the income from export from Angola. Despite being a middle-income country, Angola faces many socio-economic challenges that have placed it among the low human development countries (ranked 150th 188 countries in 2015).
Related Publications
