Angola's economy is growing. After four decades of wars (of independence and civil), economic growth is blowing away from 2002: the growth rate averages 9% between 2002 and 2008. In 2014, Angola stands out as 5th economic power of Africa behind Nigeria, South Africa, Egypt and Algeria respectively1. On January 1, 2007, Angola became a full member of OPEC. In 2016, hit hard by the collapse of oil prices, Angola is resigned to appeal to the International Monetary Fund (IMF). At $ 39 per barrel, the state coffers are empty. Petrodollars no longer fill the coffers of the Central Bank. The decline in foreign currency liquidity and the economic slowdown are increasingly affecting the banking system, which is highly dependent on the oil sector. Bankruptcies, especially in the latter, are multiplying. The growth rate is positive in 2016 (2%), but much lower than the 20.2% growth in 2006, 24.4% in 2007 and 17% in 2008.
Angola's main trading partners are the United States, China, the European Union, and India.
In 2004, exports reached $ 10,530,764,911. The majority of Angolan exports are petroleum products (92% in 2004). $ 785 million worth of diamonds, or 7.5% of exports, were sold abroad that same year. Almost all Angolan oil goes to the United States (526,000 barrels per day in 2006), making Angola the eighth largest supplier to the United States. In the first quarter of 2008, Angola became the largest exporter of oil to China. Remnants of oil exports to Europe and Latin America. American companies account for more than half of investments in Angola, including Chevron-Texaco. The United States exports industrial goods and services to Angola, mainly oil and mining equipment, chemicals, airplanes, and food, while importing mostly oil.
In 2007, trade between Angola and South Africa was over $ 300 million. Since the 2000s many Chinese have settled to build business7.
The second largest international investor is Portugal, with 100,000 immigrants, behind popular China. On a cultural level, Portugal must also face the competition of Brazil also lusophone8. For the first three quarters of 2010, trade between China and Angola reached $ 19.8 billion9. Angola is also China's largest trading partner on the African continent.
