Angola GDP Growth Picks Up to 4-Year High

2026-08-31 09:40 By Luisa Carvalho 1 min. read

Angola's economy expanded 8.74% year-on-year in Q2 2026, marking its strongest growth since Q2 2022 and accelerating from 5.32% in the previous quarter.

The non-oil sector remained the main driver, expanding 9.24%, up from 6.22% in Q1, with the services and industrial sectors recording the strongest gains.

The oil sector also contributed positively, growing 5.64% and marking its first quarterly expansion since Q4 2024.

The strongest-performing activities included diamond, metallic mineral and other non-metallic mineral extraction (+16.46%); information and communication (+14.30%); accommodation and food Services (+12.59%); manufacturing (+12.22%); and financial and insurance intermediation (+11.83%).

Subsidies and Taxes also rose sharply, by 116.26% and 37%, respectively.

On a seasonally adjusted basis, GDP grew 2.75%, the fastest pace since Q2 2024, following a 1.37% increase in Q1.



News Stream
Angola GDP Growth Picks Up to 4-Year High
Angola's economy expanded 8.74% year-on-year in Q2 2026, marking its strongest growth since Q2 2022 and accelerating from 5.32% in the previous quarter. The non-oil sector remained the main driver, expanding 9.24%, up from 6.22% in Q1, with the services and industrial sectors recording the strongest gains. The oil sector also contributed positively, growing 5.64% and marking its first quarterly expansion since Q4 2024. The strongest-performing activities included diamond, metallic mineral and other non-metallic mineral extraction (+16.46%); information and communication (+14.30%); accommodation and food Services (+12.59%); manufacturing (+12.22%); and financial and insurance intermediation (+11.83%). Subsidies and Taxes also rose sharply, by 116.26% and 37%, respectively. On a seasonally adjusted basis, GDP grew 2.75%, the fastest pace since Q2 2024, following a 1.37% increase in Q1.
2026-08-31
Angola Q1 GDP Growth Strongest in Near 2 Years
Angola's economy expanded by 5.3% year-on-year in the first quarter of 2026, accelerating slightly from a downwardly revised 5.1% increase in the previous quarter. It was the strongest growth since the second quarter of 2024, driven by non-oil activities. The non-oil sector grew 6.2%, while the oil sector contracted by 0.2%. Notable growth was recorded in several sectors, including information and communication (27.6%), transportation (16.1%), fishing and aquaculture (8.7%), electricity production, water, and sanitation (8.2%), and manufacturing (7.3%). By contrast, accommodation and food services (-3.3%) and extraction and refining (-0.2%) both contracted. On a seasonally adjusted basis, the economy advanced 1.4%, following an upwardly revised 2.1% expansion in the fourth quarter. Last year, the GDP grew 3.1%, after a 5.0% expansion in 2024.
2026-06-01
Angola GDP Growth Accelerates to 5.7% in Q4
Angola's economy advanced by 5.7% year-on-year in the fourth quarter of 2025, quickening from an upwardly revised 2.6% rise in the previous period. This expansion, driven mainly by non-oil activities, marks the strongest quarterly performance since Q2 2023. The non-oil sector experienced a 7.34% expansion, representing 80.91% of GDP, whereas the oil sector contracted by 1.21%, accounting for 19.09% of the economy. Notable growth was recorded in some activities such as information and communication sector (+65.7%), accommodation & food services activities (+18%) and manufacturing (+16.5%). By contrast, oil extraction and refining (-1.2% vs -6.9%), along with diamond and metallic mineral extraction (-7% vs 2.1%), acted as drags on overall growth. Angola's economic growth reached 3.1% in 2025, compared to the revised 4.95% in 2024.
2026-03-06