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Angola Country Economic Memorandum, July 2025: Moving Beyond Oil - Laying the Foundations for Growth and Jobs

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dc.contributor.authorWorld Bank
dc.date.accessioned2025-07-28T16:21:05Z
dc.date.available2025-07-28T16:21:05Z
dc.date.issued2025-07-28
dc.description.abstractThis Angola Country Economic Memorandum (CEM) analyzes the country’s economic growth over the past two decades and offers insights into its long-term potential. The aim is to identify the main challenges, opportunities, and policy reforms necessary for fostering a more resilient, inclusive, and sustainable growth path. Therefore, this CEM serves as a diagnostic tool to support Angola’s policymakers in advancing the economic diversification agenda outlined in the National Development Plan (NDP) 2023-2027 and the long-term vision. The Angolan economy is gradually transitioning from an oil-based growth model. Angola has implemented a series of reforms to restore macroeconomic stability and promote economic diversification. The extractive nature of Angola’s institutions has contributed to poor economic transformation and inclusion. In this context, transforming and diversifying the economy to create jobs is key to unleashing the country’s potential. This will also reduce poverty and greater resilience to a variety of shocks. In particular, the development of the Lobito Corridor has the potential to accelerate economic diversification in Angola and promote regional integration. Overall, Angola’s current growth model faces three interrelated challenges, each of which represents a loss in potential welfare and thereby an opportunity for reform. These challenges include: (i) recurrent macroeconomic instability; (ii) negative productivity growth; and (iii) low and underutilized physical and human capital. This CEM offers a roadmap to address these challenges and shift Angola toward a more sustainable and inclusive growth model. Such a model makes better use of the country’s existing resources while also laying the foundation for future prosperity.en
dc.identifierhttps://openknowledge.worldbank.org/entities/publication/527025df-9ace-4517-a8e8-57a42e353ddb
dc.identifier.doihttps://doi.org/10.1596/43509
dc.identifier.urihttps://hdl.handle.net/10986/43509
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.rightsCC BY-NC 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by-nc/3.0/igo
dc.subjectINCLUSIVE GROWTH
dc.subjectSUSTAINABILITY
dc.subjectOIL WEALTH
dc.subjectRESOURCE DIVERSIFICATION
dc.titleAngola Country Economic Memorandum, July 2025en
dc.title.subtitleMoving Beyond Oil - Laying the Foundations for Growth and Jobsen
dc.typeReport
dspace.entity.typePublication
okr.date.disclosure2025-07-28
okr.date.doiregistration2025-07-30T02:11:11.323475Z
okr.date.lastmodified2025-07-28T06:05:52Zen
okr.doctypeCountry Economic Memorandum
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/099072425042515440
okr.guid099072425042515440
okr.identifier.docmidP179487-a698fe33-6590-4200-976a-1d2ba5022e47
okr.identifier.externaldocumentum40033711
okr.identifier.internaldocumentum40033711
okr.identifier.report203438
okr.import.id8074
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttps://documents.worldbank.org/curated/en/099072425042515440/pdf/P179487-a698fe33-6590-4200-976a-1d2ba5022e47.pdfen
okr.region.administrativeEastern and Southern Africa
okr.region.countryAngola
okr.sectorFY17 - Central Government (Central Agencies)
okr.sectorPublic Administration
okr.themeFY17 - Climate change,FY17 - Economic Growth and Planning,FY17 - Jobs,FY17 - Gender,FY17 - Job Creation,FY17 - Adaptation,FY17 - Mitigation,FY17 - Inclusive Growth,FY17 - Structural Transformation and Economic Diversification
okr.themeFY17 - Private Sector Development,FY17 - Environment and Natural Resource Management,FY17 - Human Development and Gender,FY17 - Economic Policy
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicEnvironment::Adaptation to Climate Change
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