Fiscal Balance in Angola

Angola Fiscal Balance | Economic News & Forecasts

Angola - Fiscal Balance

The economy appears to have lost significant steam in the first quarter, owing to a deteriorating oil sector. Oil output continued sliding in Q1, more than offsetting higher global crude prices. Merchandise exports consequently contracted notably, which, coupled with soaring imports, nearly completely erased the country’s current account surplus in Q1. Turning to the second quarter, the picture seems to have remained bleak. With activity in both the oil and non-oil sectors plummeting, the economic activity slid further into negative territory in April, pointing to worsening dynamics at the outset of the quarter. Moreover, the oil sector remained weak through the quarter, despite an uptick in production in May and June, as global oil prices fell in late May. Meanwhile, on 12 July, Fitch Ratings changed Angola’s outlook to negative from stable, while reaffirming a “B” credit rating. Worsening debt metrics, falling external reserves and a contracting economy drove the decision.

Angola - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-0.3  -5.7  -2.9  -4.5  -6.3  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.

Download

Angola Fiscal Balance Chart


Angola Fiscal
Note: General government balance as % of GDP
Source: Finance Ministry of Angola

Angola Facts

ValueChangeDate
Exchange Rate345.80.0 %Jul 11
Stock Market0.10.0 %Jul 11

Sample Report

Get a sample report showing our regional, country and commodities data and analysis.

Download

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.

Sign Up

Economic News

Search form