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 Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 26.00 26.4 26.62 26.85 27.07 25 percent [+]
Inflation Rate 26.25 29.34 28.15 28.08 28 17.21 percent [+]
Interest Rate 16.00 16 16 16 16 12.5 percent [+]
Balance of Trade 4962.29 7177 7757 8295 8796 11907 USD Million [+]
Government Debt to GDP 38.00 55 57 57 44.2 50 percent [+]
MARKETS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Currency 165.10 163 162 160 158 140 [+]
GDP Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Annual Growth Rate -4.30 1.9 1.8 1.7 2.5 4.7 percent [+]
GDP 89.63 79.8 76.1 72.4 68.7 40.9 USD Billion [+]
GDP per capita 3606.60 3467 3435 3402 3369 3126 USD [+]
GDP per capita PPP 6024.70 5972 5960 5947 5935 5829 USD [+]
GDP From Agriculture 1375.00 1512 1558 1604 1650 1858 AOA Billion [+]
GDP From Construction 1811.00 1737 1690 1644 1597 794 AOA Billion [+]
GDP From Manufacturing 740.00 733 722 710 699 404 AOA Billion [+]
Gdp From Mining 3260.00 2887 2867 2847 2827 3066 AOA Billion [+]
Gdp From Public Administration 1571.00 1767 1741 1714 1688 1294 AOA Billion [+]
Gdp From Services 2176.00 2455 2526 2596 2666 3427 AOA Billion [+]
Gdp From Transport 626.00 614 601 588 575 274 AOA Billion [+]
Gdp From Utilities 71.00 65.86 66.36 66.87 67.37 50.73 AOA Billion [+]
LABOUR Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 26.00 26.4 26.62 26.85 27.07 25 percent [+]
Minimum Wages 15003.00 16300 14826 14630 14433 20500 AOA/monthly [+]
Population 27.50 31.07 31.29 31.52 31.74 34.63 Million [+]
Living Wage Family 139400.00 139400 139400 139400 139400 139400 AOA/Month [+]
Living Wage Individual 56700.00 56700 56700 56700 56700 56700 AOA/Month [+]
Wages High Skilled 227500.00 193206 194856 195681 196505 193450 AOA/Month [+]
Wages Low Skilled 75300.00 66338 53225 46669 40112 43501 AOA/Month [+]
PRICES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Inflation Rate 26.25 29.34 28.15 28.08 28 17.21 percent [+]
Inflation Rate Mom 2.39 2.11 1.96 1.84 1.74 1.3 percent [+]
Consumer Price Index CPI 200.45 216 236 256 275 401 Index Points [+]
Food Inflation 20.80 19.2 18.4 16.2 10.5 7.5 percent [+]
CPI Transportation 164.73 162 163 163 163 161 Index Points [+]
Producer Prices 163.69 166 169 170 170 141 Index points [+]
Producer Prices Change 16.58 16.5 12.2 10.5 8.9 7.4 percent [+]
MONEY Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Interest Rate 16.00 16 16 16 16 12.5 percent [+]
Interbank Rate 19.10 18.93 18.67 18.39 18.14 8.62 percent [+]
Money Supply M0 1599755.00 1582606 1575985 1568901 1562570 1527159 AOA Million [+]
Deposit Interest Rate 5.54 10.92 11.99 13.06 14.13 21.36 percent [+]
Lending Rate 20.00 19.82 19.42 18.98 18.54 11 percent [+]
Loans To Banks 283239.00 291803 297323 302052 306079 323326 Million AOA [+]
Loans To Private Sector 3165018.00 3148012 3126569 3105880 3086738 2972380 Million AOA [+]
Money Supply M1 3798681.79 3785719 3766142 3746860 3727902 3570913 AOA Million [+]
Money Supply M2 6419275.37 6447784 6438366 6415933 6389616 6153430 AOA Million [+]
Money Supply M3 6424072.21 6212000 6194000 6177000 6164000 6517000 AOA Million [+]
Foreign Exchange Reserves 2503.20 2380 2460 2645 2839 2986 AOA Billion [+]
Central Bank Balance Sheet 5495.04 5309 5200 5109 5027 4546 AOA Billion [+]
TRADE Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Balance of Trade 4962.29 7177 7757 8295 8796 11907 USD Million [+]
Exports 8119.72 11293 12272 13182 14024 19198 USD Million [+]
Imports 3157.43 4904 5586 6189 6778 9347 USD Million [+]
Current Account -3071.00 4602 5197 5791 6386 -873 USD Million [+]
Current Account to GDP -6.40 -4 -2 -2 -3.92 2 percent [+]
Capital Flows 6029.20 246 -1282 -2810 -4338 -2587 USD Million [+]
Crude Oil Production 1657.00 1656 1653 1650 1648 1623 BBL/D/1K [+]
Gold Reserves 19.13 18.21 18.37 18.39 18.33 18.3 Tonnes [+]
Foreign Direct Investment 13424.93 13983 13990 13997 14004 13296 USD Million [+]
External Debt 43368.50 47934 48036 48138 48240 53753 USD Million [+]
Terrorism Index 0.15 0.31 0.46 0.62 0.78 0.1 [+]
GOVERNMENT Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Government Debt to GDP 38.00 55 57 57 44.2 50 percent [+]
Government Budget -5.50 -5.18 2.43 3.52 4.62 5.47 percent of GDP [+]
Government Revenues 3514.50 2662 2594 2526 2458 2141 AOA Million [+]
Fiscal Expenditure 4295.70 3455 3137 2819 2501 1589 AOA Million [+]
Military Expenditure 3232.20 3897 3926 3955 3984 3443 USD Million [+]
Government Spending 4682.39 4589 4599 4600 4592 4537 AOA Million [+]
Government Budget Value -781.20 -265 -172 -78.17 15.24 185 AOA Million [+]
BUSINESS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Business Confidence -21.00 -7.55 -0.84 4.23 8.7 5.9 [+]
Industrial Production 9.70 3.52 4.32 5.3 5.97 5.56 percent [+]
Industrial Production Mom 11.10 3.84 7.3 6.77 3.34 0.93 percent [+]
Manufacturing Production 5.30 10.4 10.28 10.62 10.46 10.13 percent [+]
Internet Speed 3718.95 3421 3474 3454 3405 3208 KBps [+]
IP Addresses 156892.00 154686 152331 150420 148429 133631 IP [+]
Mining Production 10.10 0.84 2.93 4.84 5.5 3.94 percent [+]
Ease of Doing Business 175.00 180 178 176 175 175 [+]
Corruption Index 18.00 21 21 21 21 20 Points [+]
Corruption Rank 164.00 162 161 160 159 151 [+]
Competitiveness Index 3.03 3.01 3.01 3.01 3.01 3.01 Points [+]
Competitiveness Rank 140.00 140 140 140 140 140 [+]
CONSUMER Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Bank Lending Rate 15.50 15.98 16.15 16.21 16.24 16.26 percent [+]
TAXES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Corporate Tax Rate 30.00 33 33 34 34 35 percent [+]
Personal Income Tax Rate 17.00 17 17 17 17 16 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 [+]
CLIMATE Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Precipitation 193.00 106 76.18 62.8 84.62 80.87 mm [+]
Temperature 23.00 21.3 21.29 21.29 21.3 21.29 celsius [+]