Angola to Explore Business Opportunities in Agriculture, Dairy, Meat, Oil and Gas and Mining - Report
Angola is one of the fastest growing and most promising economies in Africa. Angola's high GDP growth is driven by high international oil prices. However, the worldwide slump in oil prices has affected the nation; it has seen a moderate GDP growth of 4.4% in 2015.
Angola became a member of the Organization of the Petroleum Exporting Countries (OPEC) in 2006 and is assigned a production quota of 1.65 million of barrels a day. Around 85% of Angolan GDP is contributed by oil and its supporting activities. In 2012, the oil and gas sectors accounted for 95%-97% of the export revenues, and around 81% of government incomes. Diamond export contributes another 5% in the GDP. Angolan GDP is expected to grow with a CAGR of XX.XX% until 2020.
Agriculture is the primary livelihood of Angola. Although the country has a total agricultural land area amounting to 58 million hectares (or 47% of the total land area), half of the country’s food is imported. Increased oil production maintained the growth, which averaged at around 17% per year from 2004 to 2008.
Angola is home of 24.3 million people in 2014 and is expected to reach 35 million by 2020. Within this populous, the majority is going to be aged below 20 years old and living in urban areas. High population growth is due to high birth rate, better living conditions and improved healthcare.
Drivers
Key growth factors in Angola are:
Economic growth
Un-matured and untapped markets across various sectors,
Rising transportation needs
Young work force
Developments in the transportation & logistics sector and fuel prices will affect Angola’s economic condition.
Challenges:
Angola market is badly affected by low oil prices, old technology and under-developed infrastructure.
What the Report Offers:
The study identifies the situation of Angola and predicts the growth of its Key Sectors. Report talks about growth, market trends, progress, challenges, opportunities, government regulations, technologies in use, growth forecast, major companies, upcoming companies and projects etc. in the Key Sectors sector of Angola. In addition to it, the report also talks about economic conditions of and future forecast of its current economic scenario and effect of its current policy changes in to its economy, reasons and implications on the growth of this sector. Lastly, the report is segmented by various forms of Key Sectors available in the country.
