Investment in Angola
Angola - Investment
Growth records the best result since Q1 2015 in Q2
GDP growth accelerated to 3.6% year on year in the second quarter, from 2.8% in the first and marked the fastest expansion since Q1 2015.
The acceleration in growth was spearheaded by a strong extractive sector: Elevated oil prices due to the fallout of the war in Ukraine, coupled with higher oil output, boosted the oil sector, while mining output rose by 40.3% during the period amid more favorable climate conditions. Additionally, the agriculture, construction and transportation sectors also contributed significantly to the uptick. That said, activity in wholesale and retail trade and financial services contracted.
On a seasonally-adjusted quarter-on-quarter basis, economic growth moderated to 0.5% in Q2, from the previous quarter's 1.2% expansion, which suggests that underlying conditions eased in the period.
Looking ahead, the economy is seen expanding at a similar pace in H2. A milder pandemic situation, together with lower interest rates, is supporting domestic demand, while a stronger kwanza due to soaring oil exports is cooling inflation. That said, Cabinda oil prices trended down in Q3, which likely constrained the external sector. However, in Q4 and into 2023, the oil sector will strengthen as OPEC+ cuts come into effect in November. The global economic slowdown and regional instability pose risks to the outlook.
FocusEconomics panelists see GDP expanding 2.8% in 2023, which is down 0.2 percentage points from last month’s forecast. In 2024, the economy is seen growing 3.3%.
Angola - Investment Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Investment (annual variation in %) | -1.9 | -19.5 | 3.0 | -6.2 | - |
Angola Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 479.0 | 0.0 % | Jan 01 |
| Stock Market | 0.1 | 0.0 % | Jan 07 |
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
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.
Economic News
-
Angola: Central Bank stays put in November
November 25, 2022
On 25 November, the Monetary Policy Committee of the National Bank of Angola (BNA) kept the basic interest rate unchanged at 19.50%.
-
Angola: Inflation falls for the ninth consecutive month in September
November 12, 2022
Inflation came in at 16.7%, which was down from September’s 18.2%.
-
Angola: Cabinda prices increase slightly in October
November 11, 2022
Following three months of consecutive declines, the average price for Cabinda oil rose to USD 95.0 per barrel (pb) in October, up from September’s USD 92.5 pb.
-
Angola: Cabinda prices decline in September
October 12, 2022
The average price for Cabinda oil fell to USD 92.5 per barrel (pb) in September, down from July’s USD 106.6 pb.
-
Angola: Growth records the best result since Q1 2015 in Q2
September 30, 2022
GDP growth accelerated to 3.6% year on year in the second quarter, from 2.8% in the first and marked the fastest expansion since Q1 2015.
© Copyright: 2022. | Angola Investment | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed
