Exports in Angola
Angola - ExportsThe economy exited a multi-year recession last year, with GDP increasing 0.7% relative to 2020 on the back of a rebounding non-oil sector. Growth, moreover, accelerated in Q4 as the oil sector’s downturn eased. Turning to 2022, economic growth should be picking up pace amid a rollback of Covid-19 restrictions. Meanwhile, the Russian invasion of Ukraine sent energy prices even higher, boding well for the country’s currency and government finances. OPEC+ data showed that output of Cabinda oil rose to an 11-month high in March, while the average price for a barrel of Cabina oil rose to a near 10-year high in the same month. In other news, the World Bank approved a further USD 300 million loan on 6 April. The funds should support fiscal reforms, the country’s statistical capacity and resilience to the impact of Covid-19, ultimately buoying investor confidence.
Angola - Exports Data
|Exports (USD billion)||33.2||27.6||34.6||40.8||34.7|
5 years of economic forecasts for more than 30 economic indicators.
Angola Exports Chart
Source: Central Bank of Angola
|Exchange Rate||479.0||0.0 %||Jan 01|
|Stock Market||0.1||0.0 %||Jan 07|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
May 13, 2022
Consumer prices in Luanda increased 0.97% in April over the previous month, ticking down from the 1.52% rise logged in March.
May 13, 2022
The average price for Cabinda oil dropped to USD 106.5 per barrel (pb) in April, down from March’s USD 121.0 pb.
April 14, 2022
Cabinda oil prices soared to USD 121.0 per barrel (pb) on average in March, up from USD 99.1 pb in February.
April 12, 2022
Consumer prices in Luanda increased 1.52% in March over the previous month, ticking down from the 1.66% rise logged in February.
March 31, 2022
GDP growth gathered steam to reach 2.2% year on year in the final quarter of last year, up from 0.9% in the third and marking the fastest increase since Q4 2018.