Markets Actual Q3 Q4 Q1 Q2 2021
Currency 612.71 620 627 633 639 652

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Annual Growth Rate (%) -1.80 -4.1 -4 2 0.2 2
Unemployment Rate (%) 32.70 33 35 34.5 34.3 34
Inflation Rate (%) 23.41 24.6 27 25.5 23 19
Inflation Rate Mom (%) 1.83 1.8 2 1.9 2.1 2.2
Interest Rate (%) 15.50 15.5 15.5 15.5 15 15
Balance of Trade (USD Million) 4086.90 4500 4500 3800 3800 5600
Current Account (USD Million) 1216.00 -2500 -2500 -1700 -1700 -1700
Current Account to GDP (%) 6.10 3 3 -1.6 -1.6 -1.6
Government Debt to GDP (%) 111.00 130 130 115 115 115
Government Budget (% of GDP) -0.70 -4.7 -4.7 -1.8 -1.8 -1.8
Business Confidence (points) -21.00 -12 -10 -7 -5 -5
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 2021
GDP Annual Growth Rate (%) -1.80 -4.1 -4 2 0.2 2
GDP (USD Billion) 94.64 70 70 100 100 100
GDP per capita (USD) 3103.50 2980 2980 2900 2900 2900
GDP per capita PPP (USD) 6653.91 6250 6250 6000 6000 6000
Gdp Constant Prices (AOA Million) 382426.00 403000 407000 407000 407000 410000
GDP From Agriculture (AOA Million) 16727.00 18239 14155 15040 14774 14438
GDP From Construction (AOA Million) 45857.00 45037 54156 57541 56526 55240
GDP From Manufacturing (AOA Million) 16591.00 16321 18212 19350 19009 18576
GDP From Mining (AOA Million) 6621.00 7527 7011 7449 7318 7151
GDP From Public Administration (AOA Million) 30627.00 30952 33229 35306 34683 33894
GDP From Services (AOA Million) 52084.00 46459 49336 52420 51495 50323
GDP From Transport (AOA Million) 9648.00 11152 10016 10642 10454 10216
GDP From Utilities (AOA Million) 4008.00 3211 3773 4009 3938 3848

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 32.70 33 35 34.5 34.3 34
Minimum Wages (AOA/Month) 21454.10 21454 21454 21454 21454 22000
Population (Million) 31.70 32.8 32.79 33.6 33.6 33.78
Labor Force Participation Rate (%) 87.50 89.6 90 90.7 91 91
Employed Persons (Thousands) 9751.46 9900 10000 10100 10150 10100
Employment Rate (%) 58.90 60 60.1 61 61.2 61
Youth Unemployment Rate (Percent) 50.80 53 54 54.5 55.3 55.6
Unemployed Persons (Thousands) 4737.70 4740 4755 4800 4820 4840

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) 23.41 24.6 27 25.5 23 19
Inflation Rate Mom (%) 1.83 1.8 2 1.9 2.1 2.2
Consumer Price Index CPI (points) 314.52 322 344 360 373 410
Producer Prices (points) 271.17 277 294 311 325 365
Producer Prices Change (%) 24.10 24.8 26.5 26.8 25 24
Cpi Housing Utilities (points) 300.11 325 350 365 380 425
CPI Transportation (points) 223.43 243 259 264 262 308

Money Actual Q3 Q4 Q1 Q2 2021
Interest Rate (%) 15.50 15.5 15.5 15.5 15 15
Interbank Rate (%) 15.28 15.28 15.28 15.28 14.78 14.78
Deposit Interest Rate (%) 6.42 6.42 6.42 6.42 5.92 5.92
Lending Rate (%) 15.50 15.5 15.5 15.5 15 15
Loans To Banks (Million AOA) 869353.50 820000 820000 820000 820000 809725
Loans To Private Sector (Million AOA) 4300995.00 3830620 4244852 4387015 4309597 4329749
Money Supply M1 (AOA Million) 5299486.94 3900000 3900000 3900000 3900000 3861507
Money Supply M2 (AOA Million) 10902754.35 8450000 8450000 8450000 8450000 8899851
Money Supply M3 (AOA Million) 10907565.99 8400000 6517000 6517000 6517000 6517000
Foreign Exchange Reserves (AOA Billion) 5927.63 5950 6000 5900 5850 5900
Cash Reserve Ratio (%) 15.00 15 15 15 15 15
Central Bank Balance Sheet (AOA Billion) 13430.73 13450 14050 14100 14250 14200

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (USD Million) 4086.90 4500 4500 3800 3800 5600
Current Account (USD Million) 1216.00 -2500 -2500 -1700 -1700 -1700
Current Account to GDP (%) 6.10 3 3 -1.6 -1.6 -1.6
Imports (USD Million) 2449.70 3500 4500 4800 4800 4700
Exports (USD Million) 6536.60 8000 9000 8600 8600 10300
Capital Flows (USD Million) -1415.20 -6500 -6500 -5300 -5300 -5300
Crude Oil Production (BBL/D/1K) 1266.00 1480 1490 1470 1470 1510
Foreign Direct Investment (USD Million) 1559.35 5800 5800 7300 7300 7300
External Debt (USD Million) 47553.80 47311 47311 47311 47311 46900

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 111.00 130 130 115 115 115
Government Budget (% of GDP) -0.70 -4.7 -4.7 -1.8 -1.8 -1.8
Government Revenues (AOA Billion) 5986.10 2250 2250 2250 2250 2250
Fiscal Expenditure (AOA Billion) 5980.00 4900 4900 4900 4900 4750
Government Spending (AOA Billion) 4956.30 3656 3660 3889 3820 3733
Government Budget Value (AOA Billion) 6.10 -2650 -2650 -2650 -2650 -2564

Taxes Actual Q3 Q4 Q1 Q2 2021
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 17.00 17 17 17 17 17
Sales Tax Rate (%) 14.00 14 14 14 14 14
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

Business Actual Q3 Q4 Q1 Q2 2021
Business Confidence (points) -21.00 -12 -10 -7 -5 -5
Industrial Production (%) 2.80 -3 -5 0.3 0.3 -1.3
Industrial Production Mom (%) 3.80 -1.4 0.3 -0.5 -0.5 -1.8
Manufacturing Production (%) 8.60 7 2.6 1.8 1.8 4.3
Mining Production (%) 3.40 -2.6 -3.7 -3.7 -3.7 -4.1

Consumer Actual Q3 Q4 Q1 Q2 2021
Bank Lending Rate (%) 19.50 19.5 19.5 19.5 19 19


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.