Angola’s economy is characterised by an extremely high dependency on two exports: oil (95% of total exports) and diamonds (3-4% of total exports). Not only is this unsustainable - oil reserves are expected to be depleted in the medium term, and extraction generates few jobs - but it also means that the country is extremely vulnerable to oil price shocks. Export diversification is therefore imperative and urgent. Periodic increases in the world oil price (as happening presently) or postponements of graduation from least developed country status are no excuses for inertia!
This study identifies policy measures for diversifying exports and, maybe more importantly, assessed and ranked the export potential of 30 sectors, also proposing measures to foster exports of the most promising sectors. It can be downloaded from the African Development Bank's website: