In a recent World Bank report, oil growth was assessed at 3.1% this year. This assessment predicted a slight drop in speed in 2023 to stabilize at 2.9% in 2024.

With the aim of reducing Angola's excessive dependence on oil, the authorities have tried to direct investments to sectors such as agriculture and manufacturing industry. Indeed, oil has been the engine of the Angolan economy for years, leading the country to sell virtually nothing else. Angola knows that sustainable growth will not come from oil, but rather from reducing the excessive influence of this resource on the economy. It has been the top oil producer in Africa since June, after supplanting Nigeria.

95% of Angola's exports are represented by crude oil. In 2022, higher oil prices reduced the country's public debt to 56.5% of gross domestic product this year, compared to 79.7% in 2021 and 123.8% in 2020. During the month of May, Angola earned $2.1 billion from crude sales.