The impact of population growth on angola's economic growth (1980-2021).

Abstract

Population growth is a key factor that affects the economic development of a country. The general objective of this study was to analyze and quantify the impact of population growth on Angola's economic growth over the period from 1980 to 2021, using an econometric model that includes Population, Gross Fixed Capital Formation, and Exports as independent variables. Through the analysis of an econometric model, we can observe that the population growth had a positive effect on Angola's economic growth during the period in question. As the population grew, the internal demand for goods and services increased, driving economic activity and production.However, it is important to note that this positive impact of the population on the GDP depends on factors such as the quality of the workforce, investment levels, and export capacity. The model shows that gross investment and exports also played a crucial role in Angola's economic growth. The increase in investment in infrastructure, technology, and productive sectors contributed to the expansion of productive capacity and the country's competitiveness in international markets. Similarly, the growth of exports, especially of natural resources and manufactured products, was a determining factor for Angola's economic development during the analyzed period. Thus, the econometric study reveals that the evolution of the population, along with gross investment and exports, were the main drivers of Angola's economic growth between 1980 and 2021. Understanding these dynamics is essential for policymakers and economic authorities to formulate effective long-term development strategies.