Exports in Angola

Angola Exports | Economic News & Forecasts

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  

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Angola Exports Chart

Angola Exports
Note: Exports in USD bn.
Source: Central Bank of Angola

Angola Facts

Value Change Date
Exchange Rate479.00.0 %Jan 01
Stock Market0.10.0 %Jan 07

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