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 Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 20.00 20 20 20 20 18 percent
Inflation Rate 18.04 16 15 15 14.5 12 percent
Interest Rate 16.50 16.5 16 16 16 14 percent
Balance of Trade 6516.37 5166 5531 5043 4749 3148 USD Million
Government Debt to GDP 65.10 57 55 55 55 50 percent
MARKETS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Currency 310.01
 302 306 310 314 332
GDP Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Annual Growth Rate -7.40
percent		 2.2 3.4 3.4 2.5 4.7
GDP 124.21
USD Billion		 127 143 143 143 150
GDP per capita 3484.60
USD		 3455 3472 3472 3438 3445
GDP per capita PPP 5819.50
USD		 5770 5721 5721 5742 5753
GDP From Agriculture 1375.00
AOA Billion		 1405 1422 1422 1409 1521
GDP From Construction 1811.00
AOA Billion		 1851 1873 1873 1856 2004
GDP From Manufacturing 740.00
AOA Billion		 756 765 765 758 819
GDP From Mining 3260.00
AOA Billion		 3332 3371 3371 3342 3607
GDP From Public Administration 1571.00
AOA Billion		 1606 1624 1624 1610 1738
GDP From Services 2176.00
AOA Billion		 2224 2250 2250 2230 2408
GDP From Transport 626.00
AOA Billion		 640 647 647 642 693
GDP From Utilities 71.00
AOA Billion		 72.56 73.41 73.41 72.78 78.56
LABOUR Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 20.00
percent		 20 20 20 20 18
Minimum Wages 16503.30
AOA/Month		 15003 16000 15436 14902 17000
Population 29.78
Million		 29.25 29.88 30.15 31.42 33.52
Living Wage Family 149400.00
AOA/Month		 145400 155400 149400 149400 155400
Living Wage Individual 61900.00
AOA/Month		 61900 61900 61900 61900 61900
Wages High Skilled 211500.00
AOA/Month		 24000 24000 205002 205295 250000
Wages Low Skilled 47400.00
AOA/Month		 77300 79300 53749 54645 79300
PRICES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate 18.04
percent		 16 15 15 14.5 12
Inflation Rate Mom 1.39
percent		 1.45 1.56 1.55 1.55 1.3
Consumer Price Index CPI 225.83
Index Points		 227 234 243 255 290
Food Inflation 12.60
percent		 9.8 9.5 9 9 7.5
Cpi Housing Utilities 242.17
Index Points		 328 392 436 464 454
CPI Transportation 179.62
Index Points		 195 198 203 206 248
Producer Prices 190.79
Index points		 195 202 209 217 246
Producer Prices Change 16.55
percent		 16.6 16 15.5 15 10
MONEY Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Interest Rate 16.50
percent		 16.5 16 16 16 14
Interbank Rate 17.23
percent		 17.23 16.73 16.73 16.73 14.73
Money Supply M0 1599755.00
AOA Million		 1593235 1593235 1593235 1593235 1593235
Deposit Interest Rate 6.33
percent		 6.33 5.83 5.83 5.83 3.83
Lending Rate 20.00
percent		 20 19.5 19.5 19.5 17.5
Loans To Banks 562618.00
Million AOA		 618953 656157 687524 715931 848871
Loans To Private Sector 3515353.00
Million AOA		 3492729 3461922 3468842 3463560 3466228
Money Supply M1 3868839.15
AOA Million		 3899717 3940315 3978709 4016568 4327194
Money Supply M2 7691450.67
AOA Million		 7896500 8101727 8259045 8381920 8780409
Money Supply M3 7696888.41
AOA Million		 6251000 8103697 8266451 8397942 6517000
Foreign Exchange Reserves 3575.68
AOA Billion		 3196 3634 3646 3652 3656
Central Bank Balance Sheet 7882.68
AOA Billion		 8033 8119 8133 8143 8145
TRADE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade 6516.37
USD Million		 5166 5531 5043 4749 3148
Exports 10700.92
USD Million		 10526 10649 10459 10527 10525
Imports 4184.55
USD Million		 4640 5118 5416 5778 7377
Current Account -942.70
USD Million		 3714 3065 2416 1767 -4420
Current Account to GDP -0.90
percent		 -2 -1 -1 -1 2
Capital Flows -5472.16
USD Million		 -10165 -9088 -8012 -6936 6421
Crude Oil Production 1457.00
BBL/D/1K		 1500 1540 1580 1600 1650
Gold Reserves 19.13
Tonnes		 18.68 18.68 18.68 18.68 18.68
Foreign Direct Investment 8559.00
USD Million		 10880 11072 11264 11456 10095
External Debt 43739.10
USD Million		 45224 46135 47046 47958 50773
Terrorism Index 0.15
 0.15 0.15 0.15 0.15 0.15
GOVERNMENT Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Government Debt to GDP 65.10
percent		 57 55 55 55 50
Government Budget -4.90
percent of GDP		 -3.5 -2 -2 -2 -3
Government Revenues 3514.50
AOA Million		 2662 2594 2526 2458 2187
Fiscal Expenditure 4295.70
AOA Million		 3455 3137 2819 2501 1103
Military Expenditure 2371.81
USD Million		 3773 3899 4025 4150 3655
Government Spending 3309.85
AOA Million		 3383 3422 3422 3393 3662
Government Budget Value -781.20
AOA Million		 -294 -544 -294 -43.63 1084
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Business Confidence -14.00
Index Points		 -14.8 -14.93 -15.09 -15.08 -15.06
Industrial Production -2.60
percent		 -2.26 -2.57 -2.33 -2.69 -2.51
Industrial Production Mom -2.40
percent		 0.74 -2.01 -0.75 0.14 -0.22
Manufacturing Production 17.10
percent		 12.43 11.07 7.65 8.58 8.84
Internet Speed 3718.95
KBps		 3880 3880 3880 3880 3880
IP Addresses 156892.00
IP		 155612 154885 154411 153917 151755
Mining Production -5.50
percent		 -6.83 -5.59 -5.21 -5.46 -6.05
Ease of Doing Business 173.00
 173 173 172 172 171
Corruption Index 19.00
Points		 19 19 19 19 19
Corruption Rank 167.00
 167 167 167 167 167
Competitiveness Index 37.06
Points		 37.56 37.56 37.56 37.56 40.06
Competitiveness Rank 137.00
 137 137 137 137 137
CONSUMER Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Bank Lending Rate 21.02
percent		 21.02 20.52 20.52 20.52 18.52
TAXES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Corporate Tax Rate 30.00
percent		 30 30 30 30 30
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 Q4/18 Q1/19 Q2/19 Q3/19 2020
Precipitation 193.26
mm		 123 156 70.33 86.33 84.06
Temperature 23.52
celsius		 23.14 22.88 22.43 22.43 22.36



Angola - Economic Forecasts - 2018-2020 Outlook