Markets Actual Q3 Q4 Q1 Q2 2023
Currency 418.00 432 439 445 445 459

Overview Actual Q3 Q4 Q1 Q2 2023
GDP Growth Rate (%) 1.60 1.6 2 0.8 0.8 1.3
GDP Annual Growth Rate (%) 2.20 2.5 3.1 2.7 3.2 3.3
Unemployment Rate (%) 32.90 34 35 33 32.6 32.5
Inflation Rate (%) 24.42 22 20 18 15 16
Inflation Rate Mom (%) 0.93 1 0.7 1 0.5 0.5
Interest Rate (%) 20.00 20 20 20 19 19
Balance of Trade (USD Million) 6878.20 5800 5200 5100 3300 4300
Current Account (USD Million) 3740.20 1200 1200 1200 1200 -700
Current Account to GDP (% of GDP) 12.40 8 8 6 6 6
Government Debt to GDP (% of GDP) 85.00 73 73 60 60 60
Government Budget (% of GDP) -2.30 0.6 0.6 0.6 1.3 1.3
Business Confidence (points) 6.00 -5 -6 -6 -6 -3
Corporate Tax Rate (%) 25.00 30 30 30 30 30
Personal Income Tax Rate (%) 25.00 17 17 17 17 17

GDP Actual Q3 Q4 Q1 Q2 2023
GDP Growth Rate (%) 1.60 1.6 2 0.8 0.8 1.3
GDP Annual Growth Rate (%) 2.20 2.5 3.1 2.7 3.2 3.3
GDP (USD Billion) 62.31 70 100 100 100 110
GDP per capita (USD) 3213.78 3300 3300 3300 3300 3400
GDP per capita PPP (USD) 6198.08 6000 6300 6300 6300 6300
Full Year GDP Growth (%) 0.70 2.4 2.4 2.7 2.7 2.7
Gdp Constant Prices (AOA Million) 387533.00 410000 410000 410000 410000 410000
GDP From Agriculture (AOA Million) 17677.00 24773 22777 18225 18154 18826
GDP From Construction (AOA Million) 39292.00 15855 33875 40510 40353 41847
GDP From Manufacturing (AOA Million) 18290.00 14366 17450 18857 18784 19479
GDP From Mining (AOA Million) 8808.00 5900 5769 9081 9046 9381
GDP From Public Administration (AOA Million) 32322.00 23039 35021 33324 33195 34424
GDP From Services (AOA Million) 61185.00 51553 61441 63082 62837 65163
GDP From Transport (AOA Million) 13909.00 3358 6358 14340 14285 14813
GDP From Utilities (AOA Million) 3879.00 3908 3577 3999 3984 4131

Labour Actual Q3 Q4 Q1 Q2 2023
Unemployment Rate (%) 32.90 34 35 33 32.6 32.5
Minimum Wages (AOA/Month) 32181.20 32181 32181 32181 32181 32181
Population (Million) 33.00 33.78 34.77 34.77 34.77 34.77
Labor Force Participation Rate (%) 91.30 91.6 91.8 91.8 91.8 92
Employed Persons (Thousands) 10888.05 10750 10850 10800 10800 11000
Employment Rate (%) 61.20 62.3 62 61.7 61.7 63
Youth Unemployment Rate (%) 59.80 56.8 56.8 56.8 56.8 56.5
Unemployed Persons (Thousands) 5348.62 5400 5380 5400 5400 5300

Prices Actual Q3 Q4 Q1 Q2 2023
Inflation Rate (%) 24.42 22 20 18 15 16
Inflation Rate Mom (%) 0.93 1 0.7 1 0.5 0.5
Consumer Price Index CPI (points) 136.67 139 146 152 158 177
Food Inflation (%) 30.40 28 24 20 18 18
CPI Housing Utilities (points) 382.00 425 425 425 425 425
CPI Transportation (points) 318.70 321 324 327 330 332
Producer Prices (points) 424.79 432 453 465 488 520
Producer Prices Change (%) 28.69 25 20 18 14 12

Money Actual Q3 Q4 Q1 Q2 2023
Interest Rate (%) 20.00 20 20 20 19 19
Interbank Rate (%) 15.90 15.9 15.9 15.9 15.9 15.9
Deposit Interest Rate (%) 7.05 7.05 7.05 7.05 7.05 7.05
Lending Rate (%) 25.00 25 25 25 25 25
Loans To Banks (Million AOA) 721266.40 750000 750000 730000 730000 730000
Loans To Private Sector (Million AOA) 4234128.95 4485033 4581691 4506287 4372851 4654994
Money Supply M1 (AOA Million) 5763496.23 5400000 5400000 5400000 5400000 5200000
Money Supply M2 (AOA Million) 10931288.17 11200000 11300000 11300000 11300000 10150000
Money Supply M3 (AOA Million) 10931288.17 11200000 1100000 1100000 1100000 10500000
Foreign Exchange Reserves (USD Million) 15038.00 16100 16000 15500 16000 16200
Cash Reserve Ratio (%) 17.00 17 17 17 17 17
Central Bank Balance Sheet (AOA Billion) 11242.00 13400 13400 13400 13400 14000

Trade Actual Q3 Q4 Q1 Q2 2023
Balance of Trade (USD Million) 6878.20 5800 5200 5100 3300 4300
Current Account (USD Million) 3740.20 1200 1200 1200 1200 -700
Current Account to GDP (% of GDP) 12.40 8 8 6 6 6
Imports (USD Million) 3145.30 3300 3700 4000 4000 4200
Exports (USD Million) 10023.50 8500 8800 7300 7300 8500
Capital Flows (USD Million) -3189.50 -2100 -2100 -2100 -2100 700
Crude Oil Production (BBL/D/1K) 1162.00 1280 1350 1350 1350 1350
Foreign Direct Investment (USD Million) 3301.05 7000 7000 7000 7000 10000
External Debt (USD Million) 50132.50 51500 51500 51500 51500 53000
Remittances (USD Million) 3.39 3.8 4.3 4.5 4.5 4.7

Government Actual Q3 Q4 Q1 Q2 2023
Government Debt to GDP (% of GDP) 85.00 73 73 60 60 60
Government Budget (% of GDP) -2.30 0.6 0.6 0.6 1.3 1.3
Government Revenues (AOA Billion) 8104.90 8500 8500 7800 7800 7800
Fiscal Expenditure (AOA Billion) 9086.60 9400 9400 9700 9700 9700
Military Expenditure (USD Million) 1301.00 2000 1800 1800 1800 1800
Government Spending (AOA Billion) 5930.50 6031 6079 6114 6091 6316
Government Budget Value (AOA Billion) -981.80 -900 -900 -900 -1900 -1900

Taxes Actual Q3 Q4 Q1 Q2 2023
Corporate Tax Rate (%) 25.00 30 30 30 30 30
Personal Income Tax Rate (%) 25.00 17 17 17 17 17
Sales Tax Rate (%) 14.00 10 10 10 10 10
Social Security Rate (%) 11.00 11 11 11 11 11
Social Security Rate For Companies (%) 8.00 8 8 8 8 8
Social Security Rate For Employees (%) 3.00 3 3 3 3 3

Business Actual Q3 Q4 Q1 Q2 2023
Business Confidence (points) 6.00 -5 -6 -6 -6 -3
Industrial Production (%) 2.54 -0.7 -1.3 1.2 2 1.3
Industrial Production Mom (%) 1.10 1.4 1.2 0.8 0.8 -0.3
Manufacturing Production (%) 7.40 4.5 6 4.7 4.7 5
Mining Production (%) 4.80 -1.8 2 1.4 1.4 1.6
Crude Oil Rigs 6.00 6 6 8 8 8

Consumer Actual Q3 Q4 Q1 Q2 2023
Bank Lending Rate (%) 20.40 20.4 20.4 20.4 20.4 20.4


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Angola Forecast - was last updated on Saturday, July 2, 2022.