International Reserves in Angola

Angola International Reserves | Economic News & Forecasts

Angola - International Reserves

Available data suggests that the economy got off to a solid start in Q4. In October, prices for Cabinda oil jumped over 100% year-on-year, reaching a seven-year high, benefiting from firming global economic activity. This, coupled with a pickup in oil output in the same month, bodes well for government finances. Less positively, price pressures are expected to have remained elevated in October, likely offsetting the supportive effect of an appreciating kwanza on household spending. This follows a seemingly mixed third quarter, during which oil output eased, but prices rose on average, and inflation continued to rise. Meanwhile, parliament approved the 2022 draft budget on 9 November. The plan foresees a balanced budget, with significant spending geared towards the social sector. It is underpinned by a conservative oil price assumption, suggesting the government should be able to achieve its target.

Angola - International Reserves Data

2015   2016   2017   2018   2019  
International Reserves (USD)23.8  23.7  17.5  15.4  16.3  

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Angola International Reserves Chart

Angola International Reserves
Note: International reserves, months of imports.
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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