According to the report, Angola's GDP is expected to reach USD 994 billion by 2050, placing the country just behind Nigeria, South Africa and Egypt.
The projections, cited by Angop, indicate that if Angola can overcome the problems linked to governance, access to quality infrastructure, access to education and primary health care, it should become the fourth largest economy in Africa.
The report, called "Scenarios of Angola's Future 2050 beyond Oil", which does not include the impacts of covid-19 on the Angolan economy, since it was prepared in March, predicts that Angola's economy could grow seven times more than when compared to 2020.
Furthermore, the report also indicates that Angola - which is currently the sixth largest economy on the continent - by 2040 is expected to have outpaced the economies of Morocco and Algeria.
The report analysed six sectors - economy, infrastructure, energy, demography, agriculture and health - and concluded that these should start to grow as early as this decade.
The economic crisis, which has brought negative results to the country since 2016, makes it vulnerable in the market, indicates, admitting that the fact that the oil market is so volatile has caused some damage to the Angolan economy.
GDP is expected to grow at an average rate of around 4.6 percent per year between 2020 and 2030 - a year in which Angola's economy could grow to 238 billion dollars and thus overtake Morocco.
Ten years later, around 2040, Angola is expected to overtake Algeria.
However, the document warns that the long-term projections are not encouraging, indicating that financial institutions such as the IMF forecast that Angola will experience at least another year of recession.
But it is not all bad news, despite the numerous challenges that Angola has to face, the report indicates that the long-term forecasts are very positive, stressing that population growth and the higher rate of urbanisation will increase economic output.
Furthermore, the report also indicates that Angola must overcome the problems of infrastructure quality and lower the rates of child malnutrition and maternal mortality in order to grow.
It also suggests that the government should bring electricity to more Angolans and that investment be made in the renewable energy sector. They also suggest a focus on the agricultural sector, since agriculture is essential for achieving food self-sufficiency.
