Trade Balance in Angola

Angola Trade Balance | Economic News & Forecasts

Angola - Trade Balance

Economic conditions should have improved in Q1. Inflation eased amid a strengthening currency, which, coupled with the rollback of some Covid-19 restrictions, bodes well for household spending. Rising oil prices and production throughout Q1 likely supported government finances. A similar narrative is expected to be unfolding in Q2. Domestic and international anti-pandemic measures were further eased in early April. Additionally, price pressures continued to trend downwards through May, reaching an 18-month low in the month and supporting private consumption. Government finances are likely continuing to improve as well: The war in Ukraine has kept oil prices elevated through May, while production picked up pace. Meanwhile, the first-ever initial public offering occurred with the country’s largest private bank, which may encourage increased privatization.

Angola - Trade Balance Data

2015   2016   2017   2018   2019  
Trade Balance (USD billion)12.5  14.5  20.2  25.0  20.6  

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Angola Trade Balance Chart

Angola Trade Balance
Note: Trade balance in USD bn.
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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