Country Overview:

IOA has provided research consulting services extensively in Angola on a wide range of topics across economic, political and social affairs. Our researchers have gained insights into this tropical country’s natural resources, which could have enriched its citizens but that have been squandered by 20 years of civil war, followed by decades of corrupt governance. Economic diversity was not pursued in the single-minded exploitation of oil reserves to enrich a small elite. However, those days are now past, and infrastructure building combined with improved social services are beginning to address the needs of the impoverished majority, although political signs indicate Angolans are growing weary of the long-ruling party.

IOA analysis has found that oil (representing 95% of exports) and gas (50% of GDP) will continue to drive the economy as new off-shore reserves are discovered. Efforts at economic diversification will draw investors to agriculture, fishing and tourism.