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 Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 26.00 26.95 26.67 26.4 26.62 25 percent
Inflation Rate 23.67 23 22 20 20 18 percent
Interest Rate 18.00 18 18 18 18 14 percent
Balance of Trade 4962.29 7757 8295 8796 9260 11907 USD Million
Government Debt to GDP 38.00 57 57 57 57 50 percent
MARKETS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Currency 202.22
188 193 197 202 223
GDP Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Annual Growth Rate -4.30
percent
1.8 1.7 2.5 2.2 4.7
GDP 89.63
USD Billion
85.87 83.85 81.82 79.8 40.9
GDP per capita 3606.60
USD
3604 3558 3513 3467 3126
GDP per capita PPP 6024.70
USD
6120 6070 6021 5972 5829
GDP From Agriculture 1375.00
AOA Billion
1443 1477 1512 1558 1858
GDP From Construction 1811.00
AOA Billion
1807 1772 1737 1690 794
GDP From Manufacturing 740.00
AOA Billion
744 740 737 733 404
Gdp From Mining 3260.00
AOA Billion
3162 3024 2887 2867 3066
Gdp From Public Administration 1571.00
AOA Billion
1795 1786 1776 1767 1294
Gdp From Services 2176.00
AOA Billion
2246 2316 2386 2455 3427
Gdp From Transport 626.00
AOA Billion
650 632 614 601 274
Gdp From Utilities 71.00
AOA Billion
67 66.43 65.86 66.36 50.73
LABOUR Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 26.00
percent
26.95 26.67 26.4 26.62 25
Minimum Wages 15003.00
AOA/Month
15003 15003 15003 15003 17000
Population 27.50
Million
29.42 30.25 31.07 31.29 34.63
Living Wage Family 139400.00
AOA/Month
139400 139400 139400 139400 139400
Living Wage Individual 56700.00
AOA/Month
56700 56700 56700 56700 56700
Wages High Skilled 227500.00
AOA/Month
194856 195681 196505 195805 193450
Wages Low Skilled 75300.00
AOA/Month
53225 46669 40112 47959 43501
PRICES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Inflation Rate 23.67
percent
23 22 20 20 18
Inflation Rate Mom 1.04
percent
1.22 1.21 1.2 1.19 1.3
Consumer Price Index CPI 204.79
Index Points
212 218 223 226 234
Food Inflation 22.00
percent
18.4 16.2 10.5 9.8 7.5
CPI Transportation 167.68
Index Points
171 173 173 173 170
Producer Prices 167.51
Index points
172 176 177 178 142
Producer Prices Change 15.47
percent
12.2 10.5 8.9 8.5 7.4
MONEY Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Interest Rate 18.00
percent
18 18 18 18 14
Interbank Rate 18.92
percent
19.23 18.92 18.64 18.39 8.62
Money Supply M0 1599755.00
AOA Million
1568901 1562570 1556855 1551694 1527159
Deposit Interest Rate 5.54
percent
9.7 10.11 10.51 10.92 21.36
Lending Rate 20.00
percent
19.71 19.32 18.91 18.51 11
Loans To Banks 363979.00
Million AOA
338829 335904 334733 333769 329899
Loans To Private Sector 3224420.00
Million AOA
3204018 3181277 3158767 3137679 3017990
Money Supply M1 3624914.82
AOA Million
3573315 3555572 3538164 3521084 3410204
Money Supply M2 6387930.09
AOA Million
6320111 6294267 6268086 6242039 6069074
Money Supply M3 6391939.38
AOA Million
6194000 6177000 6164000 6251000 6517000
Foreign Exchange Reserves 2363.68
AOA Billion
2458 2623 2814 2968 2986
Central Bank Balance Sheet 5373.41
AOA Billion
5223 5128 5045 4970 4567
TRADE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade 4962.29
USD Million
7757 8295 8796 9260 11907
Exports 8119.72
USD Million
13182 14024 14801 15518 19198
Imports 3157.43
USD Million
5586 6189 6778 7316 9347
Current Account -3071.00
USD Million
-2125 117 2360 4602 -873
Current Account to GDP -6.40
percent
-2 -2 -3.92 -2 2
Capital Flows 6029.20
USD Million
5127 3500 1873 246 -2587
Crude Oil Production 1548.00
BBL/D/1K
1549 1547 1545 1543 1518
Gold Reserves 19.13
Tonnes
18.39 18.33 18.29 18.28 18.3
Foreign Direct Investment 13424.93
USD Million
14672 14327 13983 13990 13296
External Debt 43368.50
USD Million
44038 45986 47934 48036 53753
Terrorism Index 0.15
0.81 0.96 1.11 1.26 0.1
GOVERNMENT Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Government Debt to GDP 38.00
percent
57 57 57 57 50
Government Budget -5.50
percent of GDP
1.51 1.42 -5.18 -5.18 5.47
Government Revenues 3514.50
AOA Million
2627 2644 2662 2594 2141
Fiscal Expenditure 4295.70
AOA Million
3749 3651 3553 3455 1589
Military Expenditure 3232.20
USD Million
3945 3921 3897 3926 3443
Government Spending 3309.85
AOA Million
4933 5044 5032 4913 3820
Government Budget Value -781.20
AOA Million
-267 -266 -265 -172 185
BUSINESS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Business Confidence -17.00
Index Points
-8.95 -4.95 -1.22 1.85 6.04
Industrial Production -4.60
percent
5.1 4.97 4.15 3.38 3.18
Industrial Production Mom 1.40
percent
2.61 1.59 1.49 1.98 2.33
Manufacturing Production 9.60
percent
15.38 13.67 10.81 10.03 9.51
Internet Speed 3718.95
KBps
3454 3405 3380 3365 3208
IP Addresses 156892.00
IP
152331 150420 148429 146557 133631
Mining Production -6.60
percent
6.26 5.84 3.87 1.69 2.09
Ease of Doing Business 175.00
179 178 176 175 175
Corruption Index 18.00
Points
19 20 21 21 20
Corruption Rank 164.00
163 162 162 161 151
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 Q1/18 Q2/18 Q3/18 Q4/18 2020
Bank Lending Rate 15.46
percent
15.96 16.12 16.19 16.21 16.23
TAXES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Corporate Tax Rate 30.00
percent
32 32 33 33 35
Personal Income Tax Rate 17.00
percent
17 17 17 17 16
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 Q1/18 Q2/18 Q3/18 Q4/18 2020
Precipitation 193.26
mm
156 42.18 7.93 123 84.06
Temperature 23.52
celsius
22.84 20.82 20.67 23.14 22.36