Angolia Flashcards

1
Q

Oil exporter

A

2nd largest in sub Saharan africa

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2
Q

Hdi ranking for 2019

A

147th

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3
Q

PPD

A

Relies on oil, volatile pricing

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4
Q

Why is ppd of oil a problem

A

Collapse in oil prices in 2015 caused a deterioration in ToT, growth and tax revenues. Highly exposed to shocks in world economy

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5
Q

Corruption ranking

A

165/181

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6
Q

International competitiveness

A

136/141

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7
Q

Life expectancy

A

55 yrs

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8
Q

Child labour

A

19%

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9
Q

Gini coefficient

A

0.43

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10
Q

Trade as % of gdp

A

52%

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11
Q

Growth policies and economic reforms

A

Ending fixed currency pegged with USD in 2018
Private investment law that allows international investors to invest in Angola without needing to partner with locals, deregulation
Relaxations of visa restrictions to allow skilled migration
Privatisation

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12
Q

Problems of angolia

A

Inadequate infrastructure
Corruption
Weak institutions
PPD
Education

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13
Q

Oil accounts for

A

30% of gdp
95% of exports

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14
Q

GDP

A

67.4 billion

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15
Q

GDP per capita

A

$1953

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16
Q

Unemployment

A

10.2%

17
Q

Inflation

A

25.8%

18
Q

Mean years of schooling

A

5.1 years