Fiscal Balance in Angola

Angola Fiscal Balance | Economic News & Forecasts

Angola - Fiscal Balance

Angola emerged from recession in the final quarter of last year, as ongoing economic reforms and financial support from the IMF finally helped steer the economy into slightly calmer waters. A solid recovery of the construction and commerce sectors largely drove the overall expansion, more than offsetting yet another deterioration in the all-important oil sector where output fell markedly on an annual basis. Turning to this year, incoming data for the first quarter has been mixed thus far. Tumbling oil production in Q1 appears to have more than offset gains from higher global oil prices, which likely also curbed exports growth. On a more positive note, domestic demand strengthened in Q1 as a more accommodative monetary policy environment, moderating inflation and a more stable kwanza boosted consumer demand and investment activity.

Angola - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)0.3  -6.6  -3.3  -4.5  -5.3  

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Angola Fiscal Balance Chart

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

Angola Facts

Exchange Rate324.50.0 %May 13
Stock Market0.10.0 %May 13

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