Angola's terms of trade adjustment (constant LCU) was 2.49 trillion in 2024, the latest year in the World Bank's World Development Indicators. That is down 9.69% from 2.76 trillion in 2014 (1.01% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 2.49 trillion | 2024 |
| Five years earlier | 764.03 billion | 2019 |
| Ten years earlier | 2.76 trillion | 2014 |
| Highest | 6.67 trillion | 2006 |
| Lowest | 0 | 2015 |
| Average since 2015 | 1.64 trillion | 2015–2024 |
| First recorded | 2.09 trillion |
What the numbers say
In 2024, Angola's terms of trade adjustment (constant LCU) rose 247.87 billion on 2023 (from 2.24 trillion to 2.49 trillion).
Across the 21 yearly changes before that (2003 to 2023), the average change was +7.34 billion and a typical year strayed about 1.58 trillion from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 2.22 trillion in 2006 and the biggest yearly fall was 3.02 trillion in 2009. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about 246.3 billion a year. A straight line explains 46% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Angola had the 2nd highest value of the 29 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Angola in the 2024 ranking
- Kazakhstan — 1st of 29: 3.77 trillion
- United States — 3rd of 29: 192.74 billion
- Bolivia — 4th of 29: 2.48 billion
- Ghana — 5th of 29: 1.67 billion
What this measures
The terms of trade adjustment is equal to the capacity to import (current price value of exports of goods and services deflated by the import price index) less exports of goods and services in constant prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.
All 23 values
| Year | Terms of trade adjustment (constant LCU) |
|---|---|
| 2024 | 2,488,054,356,356 |
| 2023 | 2,240,181,472,043 |
| 2022 | 3,040,419,805,201 |
| 2021 | 2,264,409,505,309 |
| 2020 | 709,302,702,794 |
| 2019 | 764,029,100,440 |
| 2018 | 2,887,759,231,328 |
| 2017 | 1,568,262,255,054 |
| 2016 | 410,100,836,969 |
| 2015 | 0 |
Terms of trade adjustment (constant LCU) in nearby economies
- Benin — -92.22 billion (2025)
- Botswana — -27.67 billion (2025)
- Burkina Faso — 2.23 trillion (2025)
- Cabo Verde — 11.67 billion (2025)
- Cameroon — 166.52 billion (2025)
- Central African Republic — -872.72 million (2025)
- Chad — 748.12 billion (2025)
- Comoros — -1.26 billion (2025)
- Congo, Dem. Rep. — -5.34 trillion (2025)
- Congo, Rep. — -1.24 trillion (2025)
More economic policy & debt data for Angola
- Net official development assistance and official aid received (current US$) — US$147.17 million (2023)
- Net official development assistance and official aid received (constant 2023 US$) — US$147.17 million (2023)
- Net official development assistance received (current US$) — US$147.17 million (2023)
- Net official development assistance received (constant 2023 US$) — US$147.17 million (2023)
- Net ODA received per capita (current US$) — US$4 (2023)
- Grants, excluding technical cooperation (BoP, current US$) — US$184.93 million (2023)
- Technical cooperation grants (BoP, current US$) — US$46.66 million (2023)
- Net bilateral aid flows from DAC donors, Total (current US$) — US$154.24 million (2023)
Reading data like this
Questions people ask
- What is Angola's terms of trade adjustment (constant LCU)?
- 2.49 trillion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2002?
- It is up 19.27% from 2.09 trillion in 2002 (0.8% a year on average, compounded). The highest value was 6.67 trillion in 2006 and the lowest 0 in 2015.
- How does Angola rank?
- 2nd highest of 29 economies with data for 2024.
- Is the latest change in terms of trade adjustment (constant LCU) unusual for Angola?
- In 2024, Angola's terms of trade adjustment (constant LCU) rose 247.87 billion on 2023 (from 2.24 trillion to 2.49 trillion). Across the 21 yearly changes before that (2003 to 2023), the average change was +7.34 billion and a typical year strayed about 1.58 trillion from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NY.TTF.GNFS.KN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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