Selected Issues Papers

Harnessing Angola’s Non-Oil Economic Growth: Economic Diversification in Angola

By Carmen L Avila-Yiptong, Zviad Zedginidze

May 13, 2025

Download PDF More Formats on IMF eLibrary Order a Print Copy
More formats on IMF eLibrary Order a Print Copy

Preview Citation

Format: Chicago

Carmen L Avila-Yiptong, and Zviad Zedginidze. "Harnessing Angola’s Non-Oil Economic Growth: Economic Diversification in Angola", Selected Issues Papers 2025, 059 (2025), accessed June 19, 2025, https://doi.org/10.5089/9798229009959.018

Export Citation

  • ProCite
  • RefWorks
  • Reference Manager
  • BibTex
  • Zotero
  • EndNote

Summary

Although Angola has made advances in its diversification efforts, the economy continues to be heavily dependent on crude oil with 94 percent of exports and 60 percent of fiscal revenues being attributable to oil activity. This paper discusses four policy areas which can help foster economic diversification in Angola’s specific context while boosting growth and resilience. The analysis shows that a well-designed package of reforms to (i) improve human capital, (ii) address critical infrastructure needs, (iii) foster a growth friendly business environment, and (iv) enhance access to credit can reduce structural barriers and market bottlenecks in support of Angola’s diversification.

Subject: Human capital, Infrastructure, Labor, Labor force, National accounts

Keywords: Angola, Diversification, Diversification plan, Exports, Global, Human capital, Infrastructure, Labor force, Market bottleneck, Nonoil sector, Oil, Oil activity, Oil economic growth, Policy area

Publication Details

You May Also Be Interested In...

Potential Output in the Kyrgyz Republic: Kyrgyz Republic

June 18, 2025

Labor Market Challenges and Policy Reforms in the Kyrgyz Republic: Kyrgyz Republic

June 18, 2025

Mauritius: Selected Issues

June 18, 2025

Namibia: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Namibia

June 17, 2025