Current Account in Angola
Angola - Current AccountAngola emerged from recession in the final quarter of last year, as ongoing economic reforms and financial support from the IMF finally helped steer the economy into slightly calmer waters. A solid recovery of the construction and commerce sectors largely drove the overall expansion, more than offsetting yet another deterioration in the all-important oil sector where output fell markedly on an annual basis. Turning to this year, incoming data for the first quarter has been mixed thus far. Tumbling oil production in Q1 appears to have more than offset gains from higher global oil prices, which likely also curbed exports growth. On a more positive note, domestic demand strengthened in Q1 as a more accommodative monetary policy environment, moderating inflation and a more stable kwanza boosted consumer demand and investment activity.
Angola - Current Account Data
|Current Account (% of GDP)||6.0||-2.6||-8.9||-3.0||-|
5 years of economic forecasts for more than 30 economic indicators.
Angola Current Account Chart
Source: Central Bank of Angola
|Exchange Rate||324.5||0.0 %||May 13|
|Stock Market||0.1||0.0 %||May 13|
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Angola: Cabinda crude oil prices surge to six-month high in April amid a slight rebound in Angola’s output
May 17, 2019
The average price of Angola’s Cabinda crude oil rose from USD 66.8 per barrel (pb) in March to a six-month high of USD 72.2 pb in April.
May 14, 2019
According to the Statistical Institute (Instituto Nacional de Estadística), consumer prices in the province of Luanda rose 1.1% in April from the previous month, down slightly from March’s 1.2% increase.
April 17, 2019
The economy returned to growth in the final quarter of 2018, according to national accounts data released by the Statistical Institute (INE) on 17 April.
April 15, 2019
According to the Statistical Institute (Instituto Nacional de Estadística), consumer prices in the province of Luanda rose 1.2% in March from the previous month, up slightly from February’s 1.0% increase.
April 11, 2019
The average price of Angola’s Cabinda crude oil rose from USD 65.2 per barrel (pb) in February to a five-month high of USD 66.8 pb in March.