International Reserves in Angola

Angola International Reserves | Economic News & Forecasts

Angola - International Reserves

The economy contracted marginally in the second quarter, on the heels of the first quarter’s deceleration. The all-important oil sector drove the overall contraction amid falling domestic output, although the downturn in the sector’s activity was the softest since Q4 2017 thanks to higher global crude prices. Meanwhile, momentum in the construction and commercial sectors weakened in Q2, which was partly offset by firmer agricultural activity. Turning to the third quarter, sliding oil production and falling average crude oil prices boded ill for the country’s exports and likely weighed on overall activity. In other news, the country’s reform efforts intensified in recent weeks: The Central Bank dropped its currency trading band in October, the government agreed on a USD 165 million economic diversification loan from the African Development Bank in November and authorities reportedly formed a consortium with five oil firms for a USD 2 billion LNG project due in 2022.

Angola - International Reserves Data

2013  2014  2015  2016  2017  
International Reserves (USD)31.5  27.0  23.8  23.7  17.5  

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Angola International Reserves Chart

Angola International Reserves
Note: International reserves, months of imports.
Source: Central Bank of Angola

Angola Facts

Exchange Rate362.70.0 %Sep 04
Stock Market0.10.0 %Sep 04

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