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.