The economy of Angola advanced by 1.2 percent year-on-year in the second quarter of 2021, following seven consecutive quarters of declines. Main drivers of growth were agriculture (6.4 percent vs 1.8 percent in Q1); fisheries (104.2 percent vs 29.3 percent); transport & storage (80.9 percent vs -15.6 percent); trade (14.5 percent vs 29.6 percent) and manufacturing (1.4 percent vs -3.7 percent). However, declines were seen in the extraction & refining of petroleum (-12.3 percent vs -18.6 percent); diamonds & other minerals extraction (-9 percent vs 27.9 percent) and construction (-1.6 percent vs -31.5 percent). On a seasonally adjusted quarterly basis, the GDP shrank 2.4 percent, the most since the second quarter of 2020, after a 0.2 percent increase in the previous period. source: Instituto Nacional de Estatística, Angola

GDP Annual Growth Rate in Angola averaged 3.44 percent from 2000 until 2021, reaching an all time high of 23.20 percent in the fourth quarter of 2007 and a record low of -12.30 percent in the fourth quarter of 2015. This page provides - Angola GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Angola GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.

GDP Annual Growth Rate in Angola is expected to be 0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Angola GDP Annual Growth Rate is projected to trend around 2.40 percent in 2022 and 2.80 percent in 2023, according to our econometric models.

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Angola GDP Annual Growth Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-07-16 09:00 AM Q1 -3.4% -5.5% -2.3%
2021-10-12 11:00 AM Q2 1.2% -3.4% -2.7%
2021-12-15 10:00 AM Q3 1.2%


Related Last Previous Unit Reference
GDP Annual Growth Rate 1.20 -3.40 percent Jun/21
GDP From Manufacturing 16526.20 16633.30 AOA Million Jun/21
GDP From Construction 32054.00 28845.00 AOA Million Jun/21
GDP From Agriculture 19800.00 19498.00 AOA Million Jun/21
Gdp Constant Prices 356096.30 364927.60 AOA Million Jun/21
GDP From Utilities 3892.00 3773.00 AOA Million Jun/21
GDP From Transport 7483.70 6118.00 AOA Million Jun/21
GDP From Services 58024.70 60891.20 AOA Million Jun/21
GDP From Public Administration 30443.80 30976.70 AOA Million Jun/21
GDP From Mining 9254.00 7671.00 AOA Million Mar/21

News Stream
Angola GDP Rebounds in Q2
The economy of Angola advanced by 1.2 percent year-on-year in the second quarter of 2021, following seven consecutive quarters of declines. Main drivers of growth were agriculture (6.4 percent vs 1.8 percent in Q1); fisheries (104.2 percent vs 29.3 percent); transport & storage (80.9 percent vs -15.6 percent); trade (14.5 percent vs 29.6 percent) and manufacturing (1.4 percent vs -3.7 percent). However, declines were seen in the extraction & refining of petroleum (-12.3 percent vs -18.6 percent); diamonds & other minerals extraction (-9 percent vs 27.9 percent) and construction (-1.6 percent vs -31.5 percent). On a seasonally adjusted quarterly basis, the GDP shrank 2.4 percent, the most since the second quarter of 2020, after a 0.2 percent increase in the previous period.
2021-10-12
Angola GDP Contracts in Q1 for 7th Quarter
The economy of Angola contracted 3.4% year-on-year in the first quarter of 2021, the seventh consecutive quarter of falling economic activity. Decreases were seen in construction (-31.5%); extraction & refining of petroleum (-18.6%); transport & storage (-15.6%); financial intermediation services (-9.9%); and postal & telecommunications (-5.8%). Compared with the previous period, the economy advanced 0.2%.
2021-07-19
Angola's Economy Remains in Recession
The gross domestic product of Angola shrank 5.4 percent year-on-year in the fourth quarter of 2020, after an upwardly revised 6.2 percent contraction in the previous period. It was the sixth consecutive quarter of declines in domestic activity, amid the impact of the global pandemic and still subdued oil prices. The poor economic performance was mainly attributed to activities such as construction (-41.5 percent vs -35.6 percent in Q3); transport & storage (-13.2 vs -59.6 percent); post & telecommunications (-16.9 percent vs -3 percent) and oil extraction & refining (-10.8 percent vs -5.5 percent). On a seasonally adjusted quarterly basis, the economy increased 0.6 percent, decelerating from a 2.8 percent rise in the third quarter. Considering the full year of 2020, the GDP plunged 5.2 percent. Considering the full year of 2020, the GDP plunged 5.2 percent, the biggest annual decline in five years.
2021-04-16

Angola GDP Annual Growth Rate
Angola is Africa’s second largest oil producer. As such, oil sector accounts for about 47 percent of total GDP, 98 percent of export earnings and 75 percent of government revenues. Within the non-oil sector the biggest share goes to: wholesale and retail sales (21 percent of total output), agriculture and fishery (10 percent), construction (7.7 percent) and manufacturing (6 percent).