Income and Expenditure: Angola

July 2022

Consumer income is set to increase over 2021-2040, driven by both a rebounding oil sector and the country’s economic diversification efforts. Special Economic Zones are expected to attract investment, while high-value consumption opportunities continue to arise thanks to development of luxury tourism industry. Nevertheless, income inequality and rising inflation pose risks to consumer market development in Angola, with discretionary spending remaining subdued due to the extensive size of social

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The Country Briefings series examine market potential, economic and consumer trends impacting each country and how they are set to change.

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Income and Expenditure: Angola


Consumer Income
Economic diversification remains key to achieving sustainable growth of consumer income
Social Classes/Inequality
World Bank-funded scholarship programme to tackle learning poverty among girls
Consumer Expenditure
Luanda’s Special Economic Zones continue to attract investment
Wealth and Wealthy Consumers
Luxury tourism industry continues to expand
Chart 1 Annual Gross Income Distribution by Age in Angola: 2021
Chart 2 Distribution of Income in Angola - Key Metrics: 2021-2040
Chart 3 Gross Income Growth Index in Angola: 2021-2040
Chart 4 Average Gross Income by Age in Angola: 2021-2040
Chart 5 Population by Income Brackets in 2040
Chart 6 Gini Index: 2021/2040
Chart 7 Households by Disposable Income (PPP) over 2021-2040
Chart 8 Overview of Angola’s Social Classes
Chart 9 Social Class E by Age: 2021/2040
Chart 10 Consumer Market and Spending in Angola - Key Metrics: 2040
Chart 11 Consumer Expenditure in Top Regions: Size in 2040 and Growth over 2016-2040
Chart 12 Urban/Rural Consumer Expenditure in 2040
Chart 13 Household Expenditure in 2021
Chart 14 Consumer Spending by Category in Angola 2021-2040: USD per Household
Chart 15 Index of Consumer Prices in Angola over 2010-2021
Chart 16 Household Expenditure by Category in Angola: 2040

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