Forecast: International Tourism Expenditures in Angola

International tourism expenditures in Angola have shown significant variability from 2013 to 2023. The expenditures experienced a steep increase between 2013 and 2017, followed by a notable decrease in 2018 before stabilizing in subsequent years. The year-on-year change was substantial in the early phases, with the highest increment in 2016 at 213.09%. However, from 2020 to 2023, the growth rate flattened out significantly, reflecting just minor variations. The highest yearly expenditures settled at 4.56 units of total imports from 2020 onwards, continuing up to 2023, and forecasted to remain steady through 2028.

Key points to note are:

• 2013 to 2017 marked by strong growth with significant year-on-year variations.
• 2018 saw a dip, followed by a recovery phase up to 2020.
• Since 2020, expenditures have plateaued at 4.56 units, indicating a period of stabilization.
• The Compound Annual Growth Rate (CAGR) from 2023 to 2028 is forecasted to be -0.01, suggesting minimal to no growth.

Future trends to watch for include impacts of global economic conditions, policy changes in Angola, and potential fluctuations in global travel dynamics. Monitoring any shifts in tourism strategies and investment in tourism infrastructure will be critical for future expenditure trends.