How rich is Angola?

According to the World Bank, Angola's gross domestic product (GDP) in 2019 was US$63.4 billion, making it the fifth largest economy in sub-Saharan Africa. GDP per capita in 2019 was US$3,961.

However, Angola's wealth is not evenly distributed. The country has a high level of income inequality, with a significant portion of the population living in poverty. The Gini index, which measures income inequality, is 51.3 in Angola, making it one of the most unequal countries in the world.

In recent years, Angola has been facing a number of economic challenges, including a sharp decline in oil prices, which has led to a slowdown in economic growth and increased government borrowing. The country is also grappling with a high level of corruption and a lack of transparency in public finance.

Despite these challenges, Angola remains a country with significant potential for economic growth and development. The country's abundant natural resources and its strategic location on the Atlantic coast make it an attractive destination for foreign investment. If Angola can address its governance challenges and diversify its economy, it has the potential to become one of the most prosperous countries in Africa.