Angola - Economic Forecasts - 2018-2020 Outlook

This page has economic forecasts for Angola including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Angola economy.


Overview Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 19.90 26.95 26.67 26.4 26.62 25 percent
Inflation Rate 20.22 19 17 16 15 12 percent
Interest Rate 18.00 18 18 18 17 14 percent
Balance of Trade 4962.29 8010 8449 9537 9221 12472 USD Million
Government Debt to GDP 65.10 57 57 57 55 50 percent
MARKETS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Currency 234.26
 222 230 239 248 287
GDP Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Annual Growth Rate -4.30
percent		 2.4 2.5 2.2 3.4 4.7
GDP 89.63
USD Billion		 87.7 86.5 85.3 77.5 76.8
GDP per capita 3606.60
USD		 3606 3456 3515 3472 3493
GDP per capita PPP 5984.60
USD		 5989 5897 5805 5721 5764
GDP From Agriculture 1375.00
AOA Billion		 1408 1409 1466 1422 1587
GDP From Construction 1811.00
AOA Billion		 1854 1856 1930 1873 2090
GDP From Manufacturing 740.00
AOA Billion		 758 758 789 765 854
Gdp From Mining 3260.00
AOA Billion		 3338 3342 3475 3371 3762
Gdp From Public Administration 1571.00
AOA Billion		 1609 1610 1675 1624 1813
Gdp From Services 2176.00
AOA Billion		 2228 2230 2319 2250 2511
Gdp From Transport 626.00
AOA Billion		 641 642 667 647 722
Gdp From Utilities 71.00
AOA Billion		 72.7 72.78 75.68 73.41 81.93
LABOUR Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 19.90
percent		 26.95 26.67 26.4 26.62 25
Minimum Wages 15003.00
AOA/Month		 15003 15003 15003 16000 17000
Population 27.50
Million		 28.64 29.42 29.25 29.88 32.75
Living Wage Family 139400.00
AOA/Month		 145400 145400 145400 155400 155400
Living Wage Individual 56700.00
AOA/Month		 56700 56700 56700 56700 56700
Wages High Skilled 227500.00
AOA/Month		 24000 24000 24000 24000 250000
Wages Low Skilled 75300.00
AOA/Month		 77300 77300 77300 79300 79300
PRICES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate 20.22
percent		 19 17 16 15 12
Inflation Rate Mom 1.22
percent		 1.23 1.21 1.2 1.19 1.3
Consumer Price Index CPI 206.39
Index Points		 211 219 227 234 290
Food Inflation 15.65
percent		 16.2 10.5 9.8 9.5 7.5
CPI Transportation 174.60
Index Points		 185 186 195 198 248
Producer Prices 176.28
Index points		 180 186 184 189 214
Producer Prices Change 15.57
percent		 15.4 14.9 10 8.5 7.4
MONEY Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Interest Rate 18.00
percent		 18 18 18 17 14
Interbank Rate 19.79
percent		 18.92 18.92 18.92 17.92 14.92
Money Supply M0 1599755.00
AOA Million		 1585014 1585014 1585014 1585014 1585014
Deposit Interest Rate 6.33
percent		 5.54 5.54 5.54 4.54 1.54
Lending Rate 18.00
percent		 20 20 20 19 16
Loans To Banks 385671.00
Million AOA		 447567 458697 469696 480648 517097
Loans To Private Sector 3403717.00
Million AOA		 3432404 3460716 3448575 3462578 3454563
Money Supply M1 3873521.93
AOA Million		 3813524 3816480 3815177 3815363 3815386
Money Supply M2 6986206.32
AOA Million		 7243660 7409152 7534487 7628768 7902262
Money Supply M3 6990589.14
AOA Million		 6177000 6164000 6251000 7502142 6517000
Foreign Exchange Reserves 2876.96
AOA Billion		 2883 2881 3196 2875 2875
Central Bank Balance Sheet 6273.93
AOA Billion		 6117 6087 6099 6097 6096
TRADE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade 4962.29
USD Million		 8010 8449 9537 9221 12472
Exports 8119.72
USD Million		 13182 14024 14801 15518 20532
Imports 3157.43
USD Million		 5172 5575 5954 6297 8060
Current Account -942.70
USD Million		 2631 4752 6873 7900 -5767
Current Account to GDP -0.90
percent		 -2 -2 -2 -1 2
Capital Flows -5472.16
USD Million		 4186 4037 3889 3533 472
Crude Oil Production 1496.00
BBL/D/1K		 1585 1656 1617 1570 1601
Gold Reserves 19.13
Tonnes		 18.39 18.33 18.29 18.28 18.3
Foreign Direct Investment 8559.00
USD Million		 15914 15591 15268 15503 16430
External Debt 43739.10
USD Million		 44038 45986 47934 48036 53024
Terrorism Index 0.15
 0.12 0.18 0.24 0.24 0.1
GOVERNMENT Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Government Debt to GDP 65.10
percent		 57 57 57 55 50
Government Budget -4.90
percent of GDP		 -3.5 -3.5 -3.5 -2.7 -3
Government Revenues 3514.50
AOA Million		 2627 2644 2662 2594 2187
Fiscal Expenditure 4295.70
AOA Million		 3651 3553 3455 3137 1103
Military Expenditure 2371.81
USD Million		 3876 3867 3859 3908 3431
Government Spending 3309.85
AOA Million		 3389 3393 3528 3422 3820
Government Budget Value -781.20
AOA Million		 -1024 -909 -458 -544 1084
BUSINESS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Business Confidence -15.00
Index Points		 -19 -19 -19 -19 -19
Industrial Production -0.30
percent		 2.08 2.53 2.67 2.65 2.56
Industrial Production Mom -3.00
percent		 -0.76 2.48 0.26 1.77 1.15
Manufacturing Production 2.20
percent		 6.24 10.06 7.73 9.15 8.61
Internet Speed 3718.95
KBps		 3454 3405 3380 3365 3125
IP Addresses 156892.00
IP		 157354 156213 155612 154885 151755
Mining Production -1.20
percent		 -4 -4 -4 -4 -4
Ease of Doing Business 175.00
 175 175 175 175 175
Corruption Index 19.00
Points		 19 19 19 19 19
Corruption Rank 167.00
 167 167 167 167 167
Competitiveness Index 3.03
Points		 3.03 3.02 3.01 3.01 3.01
Competitiveness Rank 140.00
 140 140 140 140 140
CONSUMER Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Bank Lending Rate 25.21
percent		 17.26 16.58 16.45 16.45 16.47
TAXES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Corporate Tax Rate 30.00
percent		 30 30 30 31 33
Personal Income Tax Rate 17.00
percent		 17 17 17 17 17
Sales Tax Rate 10.00
percent		 10 10 10 10 10
Social Security Rate 11.00
percent		 11 11 11 11 11
Social Security Rate For Companies 8.00
percent		 8 8 8 8 8
Social Security Rate For Employees 3.00
percent		 3 3 3 3 3
CLIMATE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Precipitation 193.26
mm		 42.18 7.93 123 156 84.06
Temperature 23.52
celsius		 20.82 20.67 23.14 22.88 22.36