Angola | Economic Forecasts | 2017-2020 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 Q3/17 Q4/17 Q1/18 Q2/18 2020
GDP Growth Rate 0.90 3.2 3.2 -0.64 0.27 3.7 percent [+]
Unemployment Rate 26.00 25.6 25.16 25.29 25.42 25 percent [+]
Inflation Rate 25.18 30.97 29.34 28.15 28.08 17.21 percent [+]
Interest Rate 16.00 16 16 16 16 12.5 percent [+]
Balance of Trade 4283.65 3669 3731 3709 3829 3751 USD Million [+]
Government Debt to GDP 38.00 55 55 57 57 50 percent [+]
MARKETS Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Currency 165.10 163 162 160 158 140 [+]
GDP Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
GDP Growth Rate 0.90 3.2 3.2 -0.64 0.27 3.7 percent [+]
GDP Annual Growth Rate -4.30 1.8 1.9 1.8 1.7 4.7 percent [+]
GDP 89.63 106 84.63 82.99 81.35 76.78 USD Billion [+]
GDP per capita 3606.60 3563 3515 3503 3490 3451 USD [+]
GDP per capita PPP 6024.70 5948 5872 5850 5829 5799 USD [+]
GDP From Agriculture 749.00 761 701 696 692 674 AOA Billion [+]
GDP From Construction 914.10 839 875 867 858 701 AOA Billion [+]
GDP From Manufacturing 726.30 664 696 689 682 563 AOA Billion [+]
LABOUR Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Unemployment Rate 26.00 25.6 25.16 25.29 25.42 25 percent [+]
Minimum Wages 15003.00 15347 16300 14072 13647 20500 AOA/monthly [+]
Population 27.50 63.98 64.62 73.11 81.6 158 Million [+]
Living Wage Family 134775.70 130707 130599 130563 130550 130544 AOA/Month [+]
Living Wage Individual 63545.90 61937 61706 61550 61445 61232 AOA/Month [+]
Wages High Skilled 173000.00 168620 168620 168620 168620 168620 AOA/Month [+]
Wages Low Skilled 59600.00 59600 59600 59600 59600 59600 AOA/Month [+]
PRICES Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Inflation Rate 25.18 30.97 29.34 28.15 28.08 17.21 percent [+]
Inflation Rate Mom 1.59 1.67 1.65 1.67 1.66 1.3 percent [+]
Consumer Price Index CPI 182.94 193 202 211 220 295 Index Points [+]
Food Inflation 20.80 20.8 12.42 5.79 1.52 12 percent [+]
Producer Prices 158.06 161 165 168 171 179 Index points [+]
Producer Prices Change 23.35 37 38.4 14.63 14.75 16.68 percent [+]
CPI Transportation 156.19 158 161 164 168 201 Index Points [+]
MONEY Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Interest Rate 16.00 16 16 16 16 12.5 percent [+]
Interbank Rate 19.99 19.97 20.06 20.04 20.04 8.62 percent [+]
Money Supply M0 1544100.00 1557292 1559370 1559437 1559410 1559413 AOA Million [+]
Deposit Interest Rate 5.54 5.02 5.23 5.22 5.21 4.41 percent [+]
Money Supply M1 3631631.28 3657460 3679145 3697947 3715754 3845691 AOA Million [+]
Money Supply M2 6253470.47 6244184 6217310 6198145 6183548 6140534 AOA Million [+]
Money Supply M3 6256879.68 6262000 6212000 6194000 6177000 6517000 AOA Million [+]
Lending Rate 20.00 20 20.02 20.03 20.04 11 percent [+]
Loans To Banks 278217.00 291512 295958 302913 307508 321029 Million AOA [+]
Loans To Private Sector 3288196.00 3311579 3307600 3325895 3313337 3318075 Million AOA [+]
Foreign Exchange Reserves 2895.48 2831 2843 2830 2827 2830 AOA Billion [+]
Central Bank Balance Sheet 5842.94 5932 5920 5872 5875 5879 AOA Billion [+]
TRADE Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Balance of Trade 4283.65 3669 3731 3709 3829 3751 USD Million [+]
Exports 7052.46 7056 7002 7002 7041 7024 USD Million [+]
Imports 2768.81 4097 4542 4989 5420 7841 USD Million [+]
Current Account -10272.80 -4872 -5916 -5222 -4528 475 USD Million [+]
Current Account to GDP -6.40 -4 -4 -2 -2 2 percent [+]
Capital Flows 6927.30 2516 3708 3223 2738 -525 USD Million [+]
Crude Oil Production 1680.00 1678 1676 1673 1670 1641 BBL/D/1K [+]
Terrorism Index 0.00 -0.04 -0.03 -0.05 -0.07 0.1 [+]
Foreign Direct Investment 16176.40 16858 16854 17019 17184 19245 USD Million [+]
External Debt 36278.70 37496 37376 38202 39027 38044 USD Million [+]
Gold Reserves 19.13 18.71 18.66 18.68 18.68 18.68 Tonnes [+]
GOVERNMENT Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Government Debt to GDP 38.00 55 55 57 57 50 percent [+]
Government Budget -4.20 2.02 -5.18 4.05 5.04 -2.91 percent of GDP [+]
Government Revenues 3514.50 3176 3249 3316 3382 3514 AOA Million [+]
Fiscal Expenditure 4295.70 3553 3455 3137 2819 1589 AOA Million [+]
Military Expenditure 3232.20 4160 4144 4261 4378 4287 USD Million [+]
Government Spending 4682.39 4378 4391 4406 4423 4478 AOA Million [+]
Government Budget Value -781.20 -266 -265 -172 -78.17 185 AOA Million [+]
BUSINESS Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Business Confidence -21.00 -15.71 -16.03 -14.21 -15.53 -15.47 [+]
Industrial Production 9.70 4.6 6.5 6.77 8.96 11.71 percent [+]
Industrial Production Mom 11.10 0.13 3.29 6.89 7.45 2.16 percent [+]
Manufacturing Production 5.30 17.3 14.06 13.99 14.08 14.61 percent [+]
Mining Production 10.10 4.16 3.46 5.33 8.58 10.09 percent [+]
Ease of Doing Business 182.00 182 181 182 183 188 [+]
Corruption Index 18.00 19 20 20 20 19 Points [+]
Corruption Rank 164.00 165 165 165 165 167 [+]
Competitiveness Index 3.03 3.02 3.01 3.01 3.01 3.01 Points [+]
Competitiveness Rank 140.00 140 140 140 140 140 [+]
CONSUMER Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Bank Lending Rate 15.66 15.69 15.72 15.71 15.72 15.72 percent [+]
TAXES Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Corporate Tax Rate 30.00 30 30 30 30 30 percent [+]
Personal Income Tax Rate 17.00 17 17 17 17 17 percent [+]
Sales Tax Rate 10.00 10 10 10 10 10 percent [+]
Social Security Rate 11.00 11 11 11 11 11 percent [+]
Social Security Rate For Companies 8.00 8 8 8 8 8 percent [+]
Social Security Rate For Employees 3.00 3 3 3 3 3 percent [+]