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 Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 3.00 3.2 3.2 3.2 3.44 3.7 percent [+]
Unemployment Rate 26.00 26 25.6 25.16 25.29 25 percent [+]
Inflation Rate 34.80 35.54 34.97 32.34 30.15 17.21 percent [+]
Interest Rate 16.00 16 16 16 16 12.5 percent [+]
Balance of Trade 4470.03 4818 4944 4956 4956 5043 USD Million [+]
Government Debt to GDP 36.50 49.26 40.23 55 41.57 50 percent [+]
MARKETS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 165.09 167 168 173 172 198 [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 3.00 3.2 3.2 3.2 3.44 3.7 percent [+]
GDP Annual Growth Rate -4.30 1.5 1.8 1.9 1.8 4.7 percent [+]
GDP 102.64 108 106 89.89 88.83 78.19 USD Billion [+]
GDP per capita 4153.15 4158 4144 4131 4125 4075 USD [+]
GDP per capita PPP 6937.63 6938 6912 6886 6873 6796 USD [+]
GDP From Agriculture 749.00 821 761 701 696 674 AOA Billion [+]
GDP From Construction 914.10 803 839 875 867 701 AOA Billion [+]
GDP From Manufacturing 726.30 633 664 696 689 563 AOA Billion [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 26.00 26 25.6 25.16 25.29 25 percent [+]
Minimum Wages 15003.00 15000 15347 16300 13647 20500 AOA/monthly [+]
Population 27.50 63.35 63.98 64.62 73.11 158 Million [+]
Living Wage Family 134775.70 131027 130707 130599 130563 130544 AOA/Month [+]
Living Wage Individual 63545.90 62280 61937 61706 61550 61232 AOA/Month [+]
Wages High Skilled 173000.00 168620 168620 168620 168620 168620 AOA/Month [+]
Wages Low Skilled 59600.00 59600 59600 59600 59600 59600 AOA/Month [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 34.80 35.54 34.97 32.34 30.15 17.21 percent [+]
Inflation Rate Mom 1.80 1.9 1.97 1.93 1.96 1.3 percent [+]
Consumer Price Index CPI 171.68 178 187 196 205 286 Index Points [+]
Food Inflation 36.50 19.08 23.68 16.41 10.47 12 percent [+]
Producer Prices 152.54 156 160 164 166 174 Index points [+]
Producer Prices Change 29.24 36.1 37 38.4 30.12 16.68 percent [+]
Cpi Transportation 154.95 158 163 168 173 217 Index Points [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 16.00 16 16 16 16 12.5 percent [+]
Interbank Rate 20.57 15.62 19.68 19.82 19.77 8.62 percent [+]
Money Supply M0 1490021.00 1535314 1528034 1529139 1528956 1528980 AOA Million [+]
Deposit Interest Rate 3.32 4.94 4.64 4.34 4.33 3.88 percent [+]
Money Supply M1 3594575.40 3580739 3579945 3579714 3579950 3579911 AOA Million [+]
Money Supply M2 6214849.56 6130754 6052706 5993546 5949077 5820213 AOA Million [+]
Money Supply M3 6218108.05 24.1 24.2 25 5739934 26.1 AOA Million [+]
Lending Rate 20.00 20.6 20.09 20.13 20.16 11 percent [+]
Loans To Banks 250582.00 249649 251591 252347 253694 257840 Million AOA [+]
Loans To Private Sector 3220186.00 3057078 3016984 2996874 2993315 2990517 Million AOA [+]
Foreign Exchange Reserves 3185.78 3370 3074 3070 3069 3069 AOA Billion [+]
Central Bank Balance Sheet 5307.42 5427 5431 5431 5431 5431 AOA Billion [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade 4470.03 4818 4944 4956 4956 5043 USD Million [+]
Exports 6938.99 7497 7520 7490 7478 7509 USD Million [+]
Imports 2468.96 3359 3795 4266 4736 7793 USD Million [+]
Current Account -10272.80 -3828 -4872 -5916 -5222 475 USD Million [+]
Current Account to GDP -5.90 3.2 1.05 -5 0.1 2 percent [+]
Capital Flows 6927.30 1324 2516 3708 3223 -525 USD Million [+]
Crude Oil Production 1651.00 1649 1644 1647 1646 1646 BBL/D/1K [+]
Terrorism Index 0.00 0.3 -0.08 -0.09 -0.11 0.1 [+]
Foreign Direct Investment 16176.40 16861 16858 16854 17019 19245 USD Million [+]
External Debt 36278.70 37615 37496 37376 38202 38044 USD Million [+]
Gold Reserves 19.13 18.62 18.71 18.66 18.68 18.68 Tonnes [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 36.50 49.26 40.23 55 41.57 50 percent [+]
Government Budget -4.20 0.81 2.02 -5.18 4.05 -2.91 percent of GDP [+]
Government Revenues 3514.50 3103 3176 3249 3316 3514 AOA Million [+]
Fiscal Expenditure 4295.70 3651 3553 3455 3137 1589 AOA Million [+]
Military Expenditure 3232.20 3381 3574 3777 3955 3926 USD Million [+]
Government Spending 4682.39 4371 4378 4391 4406 4478 AOA Million [+]
Government Budget Value -781.20 557 -266 -265 -172 185 AOA Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Business Confidence -32.00 -28.87 -28.68 -29.06 -28.75 -28.76 [+]
Industrial Production 9.70 5.06 4.6 6.5 6.77 11.71 percent [+]
Industrial Production Mom 11.10 2.3 0.13 3.29 6.89 2.16 percent [+]
Manufacturing Production 5.30 16.73 17.3 14.06 13.99 14.61 percent [+]
Mining Production 10.10 6.72 4.16 3.46 5.33 10.09 percent [+]
Ease of Doing Business 182.00 182 182 181 182 188 [+]
Corruption Index 18.00 18 19 20 20 19 Points [+]
Corruption Rank 164.00 165 165 165 165 167 [+]
Competitiveness Index 3.03 3.03 3.02 3.01 3.01 3.01 Points [+]
Competitiveness Rank 140.00 140 140 140 140 140 [+]
CONSUMER Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Bank Lending Rate 15.24 15.02 15.1 15.05 15.08 15.07 percent [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Corporate Tax Rate 30.00 30 30 30 30 30 percent [+]
Personal Income Tax Rate 17.00 17 17 17 17 17 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 [+]