Forecast: Exports of ICT Services in Angola

The exports of ICT services in Angola have shown significant fluctuations over the past decade. The actual data up to 2023 indicates periods of growth intermixed with substantial declines. In 2023, the exports stood at 24.013 million USD, reflecting a modest year-on-year increase of 7.52% compared to 2022. The compound annual growth rate (CAGR) over the last five years up to 2023 is negative at -4.93%, highlighting an overall declining trend over recent years despite sporadic increases.

Looking forward, the forecast data from 2024 onwards suggests a relatively stable but slow growth trajectory, with the value gradually increasing from 24.151 million USD in 2024 to 24.686 million USD in 2028. The forecasted 5-year CAGR is positive at 0.44%, indicating a slight recovery in the growth rate over this period. With a cumulative growth rate of 2.22% over these five years, the trend points to a stabilization phase for Angola's ICT service exports.

Future trends to watch for:

• Emerging technological advancements and their impact on export capabilities.
• Government policies and incentives to boost the ICT sector.
• Global economic conditions influencing demand for ICT services.
• Investment in ICT infrastructure and education to support growth in exports.