Government Budget in Angola decreased to -2.50 percent of GDP in 2020 from 0.80 percent of GDP in 2019. source: African Development Bank

Government Budget in Angola averaged 2.03 percent of GDP from 2003 until 2020, reaching an all time high of 11.40 percent of GDP in 2007 and a record low of -7 percent of GDP in 2003. This page provides - Angola Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Angola Government Budget - values, historical data and charts - was last updated on December of 2021.

Government Budget in Angola is expected to reach 2.10 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Angola Government Budget is projected to trend around 0.60 percent of GDP in 2022 and 1.30 percent of GDP in 2023, according to our econometric models.

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Angola Government Budget

Related Last Previous Unit Reference
Government Debt to GDP 120.00 111.00 percent of GDP Dec/20
Government Budget -2.50 0.80 percent of GDP Dec/20
Angola Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.