Markets Actual Q3 Q4 Q1 Q2 2020
Currency 358.35 348 349 351 352 356
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Annual Growth Rate (%) -0.40 -0.6 0.2 0.7 -0.4 1.6
Unemployment Rate (%) 28.80 20 20 18 18 18
Inflation Rate (%) 17.24 17.8 17.3 16.7 16.4 16
Interest Rate (%) 15.50 15.5 15.25 15 15 14.75
Balance of Trade (USD Million) 4021.70 6230 6660 7140 6040 7150
Current Account to GDP (%) 7.60 -4.2 -4.2 -2 -2 -2
Government Debt to GDP (%) 80.50 72 72 64 64 64
Government Budget (% of GDP) -2.80 -2.4 -2.4 -3 -3 -3
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 17.00 17 17 17 17 17
GDP Actual Q3 Q4 Q1 Q2 2020
GDP Annual Growth Rate (%) -0.40 -0.6 0.2 0.7 -0.4 1.6
GDP (USD Billion) 105.75 115 115 110 110 110
GDP per capita (USD) 3229.60 3200 3200 3300 3300 3300
GDP per capita PPP (USD) 5725.33 5920 5920 6000 6000 6000
GDP From Agriculture (AOA Million) 16651.00 18705 14755 16768 16584 14992
GDP From Construction (AOA Million) 44587.00 45423 55052 44899 44409 55933
GDP From Manufacturing (AOA Million) 14950.00 16888 17905 15055 14890 18191
GDP From Mining (AOA Million) 6610.00 5127 8246 6656 6584 8378
GDP From Public Administration (AOA Million) 30278.00 32891 34287 30490 30157 34836
GDP From Services (AOA Million) 57180.00 44310 47135 57580 56951 47889
GDP From Transport (AOA Million) 9712.00 622 627 630 624 637
GDP From Utilities (AOA Million) 3858.00 3230 3727 3885 3843 3787
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 28.80 20 20 18 18 18
Minimum Wages (AOA/Month) 21454.10 21454 21454 21454 21454 21454
Population (Million) 29.78 30.15 30.75 31.72 31.72 31.72
Wages High Skilled (AOA/Month) 211500.00 205002 24000 24000 24000 250000
Wages Low Skilled (AOA/Month) 47400.00 53749 77300 77300 77300 79300
Living Wage Family (AOA/Month) 149400.00 149400 145400 145400 145400 155400
Prices Actual Q3 Q4 Q1 Q2 2020
Inflation Rate (%) 17.24 17.8 17.3 16.7 16.4 16
Consumer Price Index CPI (Index Points) 251.30 262 272 280 288 316
Producer Prices (Index points) 215.31 221 231 236 247 274
Producer Prices Change (%) 17.24 17.4 17.9 16 16.2 18.9
CPI Transportation (Index Points) 179.62 212 211 210 209 244
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) 15.50 15.5 15.25 15 15 14.75
Interbank Rate (%) 14.65 16.26 16.26 16.26 15.55 16.26
Deposit Interest Rate (%) 6.88 6.88 6.63 6.38 6.38 6.38
Lending Rate (%) 17.00 17 17 17 16.5 17
Foreign Exchange Reserves (AOA Billion) 3484.27 3450 3480 2650 3300 2650
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (USD Million) 4021.70 6230 6660 7140 6040 7150
Current Account to GDP (%) 7.60 -4.2 -4.2 -2 -2 -2
Crude Oil Production (BBL/D/1K) 1259.00 1390 1360 1320 1320 1300
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 80.50 72 72 64 64 64
Government Budget (% of GDP) -2.80 -2.4 -2.4 -3 -3 -3
Government Spending (AOA Billion) 3812.80 3790 3820 3839 3798 3882
Taxes Actual Q3 Q4 Q1 Q2 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 Q3 Q4 Q1 Q2 2020
Bank Lending Rate (%) 18.73 20.73 20.73 20.73 17.03 20.73


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.