Exports in Angola
Angola - Exports
The 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
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Exports (USD billion) | 33.2 | 27.6 | 34.6 | 40.8 | 34.7 |
Angola Exports Chart
Source: Central Bank of Angola
Angola Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 479.0 | 0.0 % | Jan 01 |
| Stock Market | 0.1 | 0.0 % | Jan 07 |
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Economic News
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Angola: Luanda inflation eases in April
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.
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Angola: Cabinda prices drop in April
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.
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Angola: Cabinda prices soar to near-decade high in March
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.
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Angola: Luanda Inflation eases in March
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.
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Angola: Economy grows at quickest pace in four years in Q4 2021
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.
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