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Angola's Key Energy Statistics world rank
Total Primary Energy Production
2016
3.942
Quadrillion Btu
26
Total Primary Energy Consumption
2016
0.368
Quadrillion Btu
83
Total Petroleum and Other Liquids Production
2018
1,655
thousand barrels per day
16
Exports of Crude Oil including Lease Condensate
2016
1,681
thousand barrels per day
9
Vented and Flared Natural Gas
2015
247
Billion Cubic Feet
7
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Map of Angola
Map of Angola

Analysis - Energy Sector Highlights

  • Angola is the second–largest oil producer in Africa, following Nigeria. Angola’s economy depends heavily on hydrocarbon production, making its economy vulnerable to crude oil price swings. According to the African Development Bank (AfDB), the crude oil and natural gas sector accounted for about 30% of the country’s gross domestic product (GDP), 95% of total exports, and about 52% of total fiscal revenue in 2017.[1] The latest International Monetary Fund (IMF) country consultant report also states that real GDP growth is projected to be 2.25% in 2018, compared with a preliminary estimate of –0.8% in 2016. The IMF attributes the rebound in GDP growth to higher oil prices, increasing liquefied natural gas (LNG) production, and improved business sentiment.[2]

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Data