Fiscal Balance in Angola

Angola Fiscal Balance | Economic News & Forecasts

Angola - Fiscal Balance

The economy remained trapped in recession in the third quarter, with GDP contracting at the sharpest pace in a year. The all-important oil sector led the downturn amid slumping domestic oil production and subdued global crude prices; in the third quarter, oil sector activity contracted at the sharpest rate since Q4 2018. Further weighing on the third-quarter outturn, manufacturing output dipped and activity in the construction sector softened amid deteriorating sentiment. Turning to the fourth quarter, the picture remains gloomy. Although global oil prices rose in Q4 compared to Q3, Angolan oil production fell again in the same period, depressing overall economic activity. Furthermore, the kwanza markedly depreciated and inflation ticked upwards at the end of the year, likely weighing on consumer spending in Q4.

Angola - Fiscal Balance Data

2014   2015   2016   2017   2018  
Fiscal Balance (% of GDP)-5.7  -2.9  -4.5  -6.3  2.2  

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Angola Fiscal Balance Chart

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

Angola Facts

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

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