Angola GDP Growth Accelerates in Q1

The economy of Angola expanded by 3.5% year-on-year in Q1 2025, accelerating from a revised 2.6% growth in the prior three-month period, mainly fueled by a 51.4% surge in mineral extraction, particularly diamonds, which account for over 90% of the sector’s output.

Other key contributors included the postal and telecommunications sector (+26.7%), public administration, defense, and social security (+14%), and trade (+10.4%).

On the other hand, the oil sector, which remains the country’s main export source, registered a decline of 4.4%, due to lower oil production.

On a quarterly basis, the GDP advanced by 2.3% in Q1, after a revised 0.3% decrease in the previous period.