The Gross Domestic Product (GDP) in Angola contracted 1.20 percent in 2018 from the previous year.

GDP Growth Rate in Angola averaged 7.98 percent from 2000 until 2018, reaching an all time high of 23.20 percent in 2007 and a record low of -2.60 percent in 2016. This page provides the latest reported value for - Angola GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Angola GDP Growth Rate - values, historical data and charts - was last updated on July of 2020. source: National Bank of Angola

GDP Growth Rate in Angola is expected to reach -5.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Angola GDP Growth Rate is projected to trend around -2.00 percent in 2021 and 0.80 percent in 2022, according to our econometric models.

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Angola GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-0.90 -1.20 23.20 -2.60 2000 - 2019 percent Yearly

Angola GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate -0.80 -1.20 23.20 -11.80 percent [+]
GDP 94.64 101.35 145.71 4.44 USD Billion [+]
GDP per capita 3103.50 3233.90 3843.20 1726.30 USD [+]
GDP per capita PPP 5725.33 6044.97 6813.05 3060.34 USD [+]
Gdp Constant Prices 400841.00 389138.00 443991.00 305946.00 AOA Million [+]
GDP From Agriculture 14745.00 19019.00 21716.00 10805.00 AOA Million [+]
GDP From Construction 56413.00 46962.00 56413.00 23501.00 AOA Million [+]
GDP From Manufacturing 18971.00 17019.00 18971.00 9683.00 AOA Million [+]
GDP From Mining 7303.00 7849.00 8230.00 5158.00 AOA Million [+]
GDP From Public Administration 34614.00 32275.00 46488.00 23151.00 AOA Million [+]
GDP From Services 51392.00 48445.00 66156.00 32726.00 AOA Million [+]
GDP From Transport 10433.00 11629.00 12067.00 4979.00 AOA Million [+]
GDP From Utilities 3930.00 3348.00 3930.00 1522.00 AOA Million [+]


Angola GDP Growth Rate
Angola is Africa’s second largest oil producer. As such, oil production is the main sector of the economy, accounting for about 47 percent of total GDP, 98 percent of export earnings and 75% of government revenues. Within the non-oil sector, Wholesale and Retail Sales (21 percent of total output) and Agriculture and Fishery (10 percent) are the biggest. Other sectors include: Construction (7.7 percent), Other Sectors (7.2 percent ), Manufacturing (6 percent) and Diamonds (1 percent).