National Risk Analysis Report - Angola

< p > < strong > country trade > a href= "http://www.91se91.com/news/index_c.asp" > risk index < /a > (ERI):99.84 < /strong > /p >

< p > < strong > national risk reference rating: 7 (7/9) level < /strong > /p >

< p > < strong > national risk Outlook: stability < /strong > < /p >

< p > < strong > Economic and trade risk < /strong > < /p >

< p > Angola is the least developed country. It has a market economy and a certain industrial base. It is one of the fastest growing countries in Africa. It is now in the stage of post-war reconstruction and industrialization, with strong market demand, abundant resources and great potential for development.

Oil export revenue is still the main driving force behind the development of its national economy. The impact of international oil price fluctuations on Angola's economy is still obvious.

In 2012, Angola's nominal GDP was $122 billion 480 million, GDP per capita was US $6070, and the real economic growth rate was 3.8%.

The domestic industry structure is agriculture (10.3%), industry (61.2%) and service industry (29.6%).

The government of Angola has been developing private economy and reducing unemployment rate as one of the key points of work. However, the lack of investment capacity of private enterprises has not improved significantly, and the crowding out effect of public investment is obvious. The unemployment rate in Angola is still high.

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< p > < strong > business environment < /strong > /p >

< p > Angola has a poor business environment.

The enterprise's public financial information is difficult to obtain, the power infrastructure is insufficient, and the contract execution efficiency is low.

However, in terms of power supply and investment protection, Angola is higher than the average level of this regional country.

The administrative corruption of the Angola government is widespread, with low administrative efficiency, low pparency and bureaucratic popularity.

Angola implements the policy of economic liberalization, opens the market to the outside world and welcomes foreign investment in most of the economic fields, but the investment in the field of oil must conform to the local regulations.

Angola is the country with higher operating costs for foreign investors in the world. The cost of final termination due to bankruptcy is higher than the average cost in Africa.

Angola does not have laws regulating competition, nor is it feasible in the short term.

Angola has many laws and regulations on the environment, but its execution is weak.

The pport facilities in Angola were seriously damaged during the civil war. With the development of post war reconstruction and the entry of external capital, the road and railway conditions have improved and the railway pport capacity has been improved.

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< p > < strong > < a > href= > http://www.91se91.com/news/index_c.asp > bilateral trade > /a > < /strong > /p >

The trade between China and Angola has strong complementarity. Angola's abundant oil resources provide the necessary energy for China's economic development. China's capital and consumer goods are suitable for Angola in terms of price and technology.

At present, China is Angola's largest trading partner and Angola is China's largest trading partner in Africa. In terms of investment, China is the fourth largest source of foreign investment in Angola, and the field of engineering contracting has developed rapidly.

The problem of bilateral trade and economic cooperation is the imbalance of trade. China has a larger trade deficit and a single trade commodity structure.

In recent years, Chinese workers have been repeatedly treated with hostility in Angola, and even robbery or vicious injury incidents, highlighting the domestic investment environment in Angola and the differences between the two sides in the way of operation and corporate social responsibility.

The two countries are far apart from each other, with inconvenient pportation, weak pportation lines and large cultural differences, which also impede the development of economic and trade cooperation to a certain extent.

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< p > < strong > total < a href= "http://www.91se91.com/news/index_c.asp" > risk assessment < /a > /strong > /p >

< p > overall, the political situation in Angola is stable.

However, there are also some unstable factors in the political situation in Angola under the background of serious corruption, rising living standards, widening gap between the rich and the poor, and continuing upheaval in the Middle East and North Africa.

In addition, successor problems may cause political disputes, Angola's economic structure is single, economic development relies too much on oil industry and foreign investment, and is vulnerable to changes in the international economic environment.

Domestic consumption level is low, private investment ability is weak, unemployment rate is high, poverty rate is high, gap between rich and poor is large, import inflation pressure is bigger.

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