Markets Actual Q4 Q1 Q2 Q3 2022
Currency 596.81 601 604 607 611 617

Overview Actual Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) -2.40 1.2 0.6 2 1.6 1.3
GDP Annual Growth Rate (%) 1.20 0.3 1.7 2 2.5 2.4
Unemployment Rate (%) 31.60 31.8 31.6 31.8 32 32
Inflation Rate (%) 26.57 25 20 18 14 12
Inflation Rate Mom (%) 2.18 2.1 1.8 1.6 1.4 1.4
Interest Rate (%) 20.00 20 20 20 20 20
Balance of Trade (USD Million) 4382.90 7100 4280 3800 4050 4150
Current Account (USD Million) 3740.20 750 1200 1200 1200 1200
Current Account to GDP (% of GDP) 1.50 0.7 0.4 0.4 0.4 0.4
Government Debt to GDP (% of GDP) 120.00 115 108 108 108 108
Government Budget (% of GDP) -2.50 2.1 0.6 0.6 0.6 0.6
Business Confidence (points) -6.00 -7 -5 -6 -5 -6
Corporate Tax Rate (%) 25.00 30 30 30 30 30
Personal Income Tax Rate (%) 25.00 17 17 17 17 17

GDP Actual Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) -2.40 1.2 0.6 2 1.6 1.3
GDP Annual Growth Rate (%) 1.20 0.3 1.7 2 2.5 2.4
GDP (USD Billion) 62.31 100 100 100 100 118
GDP per capita (USD) 2890.89 2900 2900 2900 2900 3100
GDP per capita PPP (USD) 6198.08 6000 6000 6000 6000 6300
Gdp Constant Prices (AOA Million) 356096.30 410000 410000 410000 410000 410000
GDP From Agriculture (AOA Million) 19800.00 19329 19829 20196 20295 19793
GDP From Construction (AOA Million) 32054.00 26768 29335 32695 32855 27410
GDP From Manufacturing (AOA Million) 16526.20 17274 16916 16857 16939 17688
GDP From Mining (AOA Million) 9254.00 3476 7694 9411 9439 7879
GDP From Public Administration (AOA Million) 30443.80 28822 31503 31053 31205 29514
GDP From Services (AOA Million) 58024.70 60309 61926 59185 59475 61757
GDP From Transport (AOA Million) 7483.70 8770 6222 7633 7671 8981
GDP From Utilities (AOA Million) 3892.00 3717 3837 3970 3989 3806

Labour Actual Q4 Q1 Q2 Q3 2022
Unemployment Rate (%) 31.60 31.8 31.6 31.8 32 32
Minimum Wages (AOA/Month) 21454.10 21454 24000 24000 24000 24000
Population (Million) 33.00 33.78 33.78 33.78 33.78 34.77
Labor Force Participation Rate (%) 90.20 90.5 91 90.8 91.3 91.3
Employed Persons (Thousands) 10715.23 11050 10870 11000 11500 11500
Employment Rate (%) 61.70 61.6 61.3 62 62.3 62
Youth Unemployment Rate (%) 57.70 57.5 57.2 57 56.8 56.8
Unemployed Persons (Thousands) 4960.16 4740 4680 4700 4850 4700

Prices Actual Q4 Q1 Q2 Q3 2022
Inflation Rate (%) 26.57 25 20 18 14 12
Inflation Rate Mom (%) 2.18 2.1 1.8 1.6 1.4 1.4
Consumer Price Index CPI (points) 119.43 125 127 132 136 140
Producer Prices (points) 362.19 393 404 422 435 463
Producer Prices Change (%) 30.82 33 28 25 20 18
Cpi Housing Utilities (points) 337.50 425 425 425 425 425
CPI Transportation (points) 270.23 276 281 285 289 293

Money Actual Q4 Q1 Q2 Q3 2022
Interest Rate (%) 20.00 20 20 20 20 20
Interbank Rate (%) 21.40 21.4 21.4 21.4 21.4 21.4
Deposit Interest Rate (%) 6.20 5.83 5.83 6.2 6.2 6.2
Lending Rate (%) 25.00 16.5 25 25 25 25
Loans To Banks (Million AOA) 920542.02 915000 875000 865000 850000 850000
Loans To Private Sector (Million AOA) 4473235.45 3934382 4117764 4328799 4498263 4216591
Money Supply M1 (AOA Million) 5876818.40 5850000 5650000 5450000 5400000 5400000
Money Supply M2 (AOA Million) 12242200.10 12400000 12200000 11500000 11200000 11300000
Money Supply M3 (AOA Million) 12247079.60 11800000 11500000 11250000 11200000 1100000
Foreign Exchange Reserves (USD Million) 9897.82 8800 9200 9400 9600 9400
Cash Reserve Ratio (%) 17.00 22 22 24 24 24
Central Bank Balance Sheet (AOA Billion) 13681.88 13600 13300 13100 13400 13400

Trade Actual Q4 Q1 Q2 Q3 2022
Balance of Trade (USD Million) 4382.90 7100 4280 3800 4050 4150
Current Account (USD Million) 3740.20 750 1200 1200 1200 1200
Current Account to GDP (% of GDP) 1.50 0.7 0.4 0.4 0.4 0.4
Imports (USD Million) 2500.80 2720 2900 3150 3300 3200
Exports (USD Million) 6883.70 7000 6700 7200 7500 7350
Capital Flows (USD Million) -3189.50 -1800 -2100 -2100 -2100 -2100
Crude Oil Production (BBL/D/1K) 1110.00 1180 1200 1210 1280 1350
Remittances (USD Million) 3.27 4.8 5.1 5.3 5.6 5.5
Foreign Direct Investment (USD Million) 3301.05 5500 7000 7000 7000 7000
External Debt (USD Million) 50132.50 51000 51500 51500 51500 51500

Government Actual Q4 Q1 Q2 Q3 2022
Government Debt to GDP (% of GDP) 120.00 115 108 108 108 108
Government Budget (% of GDP) -2.50 2.1 0.6 0.6 0.6 0.6
Government Revenues (AOA Billion) 6125.00 6400 5800 5800 5800 5800
Fiscal Expenditure (AOA Billion) 7392.60 6700 5900 5900 5900 5900
Government Spending (AOA Billion) 5930.50 5948 6031 6049 6079 6091
Government Budget Value (AOA Billion) -1267.60 -300 -100 -100 -100 -100
Military Expenditure (USD Million) 1301.00 2000 2000 2000 2000 1800

Taxes Actual Q4 Q1 Q2 Q3 2022
Corporate Tax Rate (%) 25.00 30 30 30 30 30
Personal Income Tax Rate (%) 25.00 17 17 17 17 17
Sales Tax Rate (%) 14.00 10 10 10 10 10
Social Security Rate (%) 11.00 11 11 11 11 11
Social Security Rate For Companies (%) 8.00 8 8 8 8 8
Social Security Rate For Employees (%) 3.00 3 3 3 3 3

Business Actual Q4 Q1 Q2 Q3 2022
Business Confidence (points) -6.00 -7 -5 -6 -5 -6
Industrial Production (%) -3.94 2 1.3 1.5 -0.7 1.3
Industrial Production Mom (%) 1.60 1.3 -0.6 2 1.4 1.2
Manufacturing Production (%) 10.40 8 7.5 6 4.5 6
Mining Production (%) -12.90 4 3.5 1.8 2.3 2.5

Consumer Actual Q4 Q1 Q2 Q3 2022
Bank Lending Rate (%) 17.43 20.23 20.23 17.43 17.43 17.43


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.