Trade Balance in Angola

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 |
Angola Trade Balance Chart

Source: Central Bank of Angola
Angola Facts
Value | Change | Date | |
---|---|---|---|
Exchange Rate | 479.0 | 0.0 % | Jan 01 |
Stock Market | 0.1 | 0.0 % | Jan 07 |
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Economic News
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Angola: Central Bank cuts rates in January
January 20, 2023
The Monetary Policy Committee of the National Bank of Angola (BNA) delivered a 150 basis point cut at its 20 January meeting, bringing the basic interest rate down to 18.00% from 19.50%.
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Angola: Cabinda prices sink in December
January 17, 2023
The average price for Cabinda oil fell to USD 80.0 per barrel (pb) in December, down from November’s USD 92.6 pb.
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Angola: Inflation declines to lowest level since December 2015 in December
January 12, 2023
Inflation came in at 13.9% in December, which was down from November’s 15.2%.
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Angola: Economy records quickest upturn since Q1 2015 in Q3
January 2, 2023
GDP growth accelerated to 3.9% year on year in the third quarter from 3.6% in the second quarter.
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Angola: Cabinda prices decrease in November
December 13, 2022
The average price for Cabinda oil fell to USD 92.6 per barrel (pb) in November, down from October’s USD 95.0 pb.