Finance of Angola

The minimum monthly wage in Angola is 64 USD. With regard to consumer prices, the inflation rate in Angola is 8.9%. The currency of Angola is Angolan kwanza. There are several plural forms of the name 'Angolan kwanza'. These are kwanza, kwanzas. The symbol used for this currency is Kz, and it is abbreviated as AOA. The Angolan kwanza is divided into centimo; there are 100 in one kwanza. Each year, consumers spend around $15,706 million. The ratio of consumer spending to GDP in Angola is 12.10%, and the ratio of consumer spending to the world consumer market is 4.53%. The corporate tax in Angola is set at 35%. Personal income tax ranges from 0% to 17%, depending on your specific situation and income level. VAT in Angola is 10%, and it is known as Consumption Tax. In 2013, Angola received 242.3 million USD in foreign aid.In 2014, the foreign aid amounted to 194.2 USD.

Gross Domestic Product

The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Angola is $139 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in Angola was last recorded at $4,519. PPP in Angola is considered to be below average when compared to other countries. Below average PPP indicates that citizens in this country find it difficult to purchase local goods. Local goods can include food, shelter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with below average PPP are dangerous locations for investments. The total Gross Domestic Product (GDP) in Angola is 130 billion. Based on this statistic, Angola is considered to have a small economy. Countries with small economies generally support less industries and opportunities for investment. However, worthwhile investment opportunities may be found. The Gross Domestic Product (GDP) per capita in Angola was last recorded at $4,217. The average citizen in Angola has low wealth. Countries with low wealth per capita often have slightly lower life expectancies and lower quality of living among citizens. It can be difficult to find highly skilled workers in countries with low wealth, as it is occasionally difficult for citizens to obtain the requisite education needed for specialized industries. Labor can be found for low rates when compared with countries with higher wealth per capita. GDP Annual Growth Rate in Angola averaged 3.9% in 2014. According to this percentage, Angola is currently experiencing modest growth. Countries that are experiencing modest growth offer safe opportunities for investment; their expanding economy indicates that businesses, jobs, and income will expand accordingly.