Markets Actual Q1 Q2 Q3 Q4 2020
Currency 308.65 311 316 320 325 334
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) -7.40 3.4 3.4 2.5 3.4 4.7
Unemployment Rate (%) 20.00 20 20 20 20 18
Inflation Rate (%) 18.60 16 15 14.5 14 12
Interest Rate (%) 16.50 16 16 16 16 14
Balance of Trade (USD Million) 6852.04 5531 5043 4749 4446 3589
Current Account to GDP (%) -0.90 -1 -1 -1 -1 2
Government Debt to GDP (%) 65.10 55 55 55 55 50
Government Budget (% of GDP) -4.90 -2 -2 -2 -2 -3
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 17.00 17 17 17 17 17
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) -7.40 3.4 3.4 2.5 3.4 4.7
GDP (USD Billion) 124.21 143 143 143 143 150
GDP per capita (USD) 3484.60 3472 3472 3438 3438 3438
GDP per capita PPP (USD) 5819.50 5721 5721 5742 5742 5742
GDP From Agriculture (AOA Billion) 1375.00 1422 1422 1409 1422 1489
GDP From Construction (AOA Billion) 1811.00 1873 1873 1856 1873 1961
GDP From Manufacturing (AOA Billion) 740.00 765 765 758 765 801
GDP From Mining (AOA Billion) 3260.00 3371 3371 3342 3371 3529
GDP From Public Administration (AOA Billion) 1571.00 1624 1624 1610 1624 1701
GDP From Services (AOA Billion) 2176.00 2250 2250 2230 2250 2356
GDP From Transport (AOA Billion) 626.00 647 647 642 647 678
GDP From Utilities (AOA Billion) 71.00 73.41 73.41 72.78 73.41 76.86
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 20.00 20 20 20 20 18
Minimum Wages (AOA/Month) 16503.30 16000 15436 14902 16000 17000
Population (Million) 29.78 29.88 30.15 31.42 31.42 32.59
Living Wage Family (AOA/Month) 149400.00 155400 149400 149400 145400 155400
Wages High Skilled (AOA/Month) 211500.00 24000 205002 205295 24000 250000
Wages Low Skilled (AOA/Month) 47400.00 79300 53749 54645 77300 79300
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 18.60 16 15 14.5 14 12
Consumer Price Index CPI (Index Points) 228.80 234 243 255 261 292
Food Inflation (%) 12.60 9.5 9 9 8.6 7.5
CPI Transportation (Index Points) 179.62 198 203 206 205 229
Producer Prices (Index points) 193.23 202 209 217 221 243
Producer Prices Change (%) 16.74 16 15.5 15 14.5 10
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 16.50 16 16 16 16 14
Interbank Rate (%) 17.09 16.6 16.6 16.6 16.6 16.6
Deposit Interest Rate (%) 6.33 5.83 5.83 5.83 5.83 5.83
Lending Rate (%) 20.00 19.5 19.5 19.5 19.5 19.5
Foreign Exchange Reserves (AOA Billion) 3431.97 3634 3646 3652 3654 3656
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (USD Million) 6852.04 5531 5043 4749 4446 3589
Current Account to GDP (%) -0.90 -1 -1 -1 -1 2
Crude Oil Production (BBL/D/1K) 1445.00 1540 1580 1600 1600 1650
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 65.10 55 55 55 55 50
Government Budget (% of GDP) -4.90 -2 -2 -2 -2 -3
Government Spending (AOA Million) 3309.85 3422 3422 3393 3422 3583
Government Budget Value (AOA Million) -781.20 -544 -294 -43.63 206 552
Taxes Actual Q1 Q2 Q3 Q4 2020
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 17.00 17 17 17 17 17
Sales Tax Rate (%) 10.00 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
Consumer Actual Q1 Q2 Q3 Q4 2020
Bank Lending Rate (%) 20.73 20.23 20.23 20.23 20.23 20.23


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.