Angola

Tobacco use remains somewhat limited in Angola, with cigarettes remaining the most popular category in 2022. Moreover, despite more stringent tobacco control legislation, attitudes towards tobacco remain relatively favourable, while cigarettes are…

Sales of alcoholic drinks increased in 2022 in both the off- and the on-trade as the market continued to recover from declines seen during the pandemic. Rising local production played a huge role by making products more affordable and more…

Consumer shopping habits still favour traditional and informal retail in Angola. Retail was hit hard by the COVID-19 pandemic, with the economy suffering. However, with a recovering economy expected in the forecast period and the government focus on…

Demand for more basic home care products remained strong in Angola in 2022 despite high inflation and the lingering impact of the COVID-19 pandemic. Moreover, demand for more sophisticated products continues to rise as the consumer base for…

Off-trade volume sales of soft drinks continued to grow during 2022, albeit at a much slower pace than earlier in the review period, although on-trade sales continued to decline due to the lingering impact of the pandemic. Bottled water accounts for…

Hot drinks returned to growth in 2022 as the impact of COVID-19 on the economy and consumer mobility subsided. Nonetheless, high unemployment and high inflation is limiting stronger growth, with many consumers remaining price sensitive. Strong…

Angola has made some attempts to combat corruption, but continues to be ‘mostly unfree’ for economic freedom. Higher global oil prices have led to economic recovery and inflation is falling, but the country remains extremely dependent on…

The snacks market in Angola is set to see solid growth during 2023, with ongoing demand supported by the fact that several snacks categories offer a wide range of products across the price spectrum. In addition, the robust expansion of local…

In 2022, tissue and hygiene in Angola is performing surprisingly well. This is due to the COVID-19 pandemic coming to a close and the economy recovering from that. Despite the high inflation rates, the government is working hard to suppress high…

Beauty and personal care saw steady growth in 2022 backed by the lifting of COVID-19 restrictions and an increase in economic activity. COVID-19 had a negative impact on demand with many consumers plunged into economic uncertainty, with this being…

In 2022, the COVID-19 pandemic is no longer a strong factor in the performance of staples foods, with the category now being impacted by global inflation. However, as Angola is a country that benefits from exports, the country is benefiting from…

Daily life has normalised in Angola in 2022, following the outbreak of COVID-19 in 2020. However, the economic shock of the pandemic continues to resonate, and this, combined with strong inflationary pressure, means that retail constant value sales…

In 2023, the COVID-19 pandemic has come to a close. However, the industry faces other challenges such as inflation due to rapidly increasing oil and fuel prices. However, sales continue to benefit from population growth, urbanisation, and government…

In 2022, the COVID-19 pandemic is no longer a strong factor in the performance of cooking ingredients and meals, with the category now being impacted by global inflation. However, as Angola is a country that exports a lot of oil, the country is…

Angola’s Economic Freedom Ranking is dragged down by lack of price stability and inefficient processes of starting, operating and closing business. Heavy constraints on investment capital flow and overdependence on hydrocarbons limit investment…

The commodities country overview provides comprehensive data on production, consumption and price trends in key commodities markets. The commodities overview in Angola covers production and consumption trends in agricultural commodities, energy…

The number of households is set to increase rapidly in Angola over 2021-2040, with couples with children remaining the dominant household type. Household earnings will only gradually reach pre-pandemic levels, with the fastest household expenditure…

The report examines the economic landscape of Angola and provides information on major monetary indicators, foreign trade, investment and government finance. The economy in Angola expanded in real terms in 2022, driven by increasing private…

Extremely fast population expansion in Angola in 2021-2040 will be driven by strong rates of natural increase. Angola will remain one of the youngest countries globally as a result of very high fertility and birth rates, alongside relatively low life…

Luanda and Lubango are Angola’s most economically vibrant cities. The cities’ economic strength is partially supported by higher consumer expenditure and more extensive digitalisation compared to other Angolan cities. Moreover, Luanda holds the…