Angola - Economic Forecasts - 2018-2020 Outlook

This page has economic forecasts for Angola including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Angola economy.


Overview Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 20.00 20 20 20 20 18 percent
Inflation Rate 19.52 17 16 15 15 12 percent
Interest Rate 16.50 16.5 16.5 16 16 14 percent
Balance of Trade 4962.29 2231 1287 1525 1212 -237 USD Million
Government Debt to GDP 65.10 57 57 55 55 50 percent
MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 255.58
259 269 280 291 340
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate -4.30
percent
2.5 2.2 3.4 3.4 4.7
GDP 124.21
USD Billion
127 127 143 143 150
GDP per capita 3484.60
USD
3456 3455 3472 3472 3445
GDP per capita PPP 5819.50
USD
5768 5770 5721 5721 5753
GDP From Agriculture 1375.00
AOA Billion
1409 1405 1422 1422 1521
GDP From Construction 1811.00
AOA Billion
1856 1851 1873 1873 2004
GDP From Manufacturing 740.00
AOA Billion
758 756 765 765 819
Gdp From Mining 3260.00
AOA Billion
3342 3332 3371 3371 3607
Gdp From Public Administration 1571.00
AOA Billion
1610 1606 1624 1624 1738
Gdp From Services 2176.00
AOA Billion
2230 2224 2250 2250 2408
Gdp From Transport 626.00
AOA Billion
642 640 647 647 693
Gdp From Utilities 71.00
AOA Billion
72.78 72.56 73.41 73.41 78.56
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 20.00
percent
20 20 20 20 18
Minimum Wages 15003.00
AOA/Month
15003 15003 16000 13264 17000
Population 29.78
Million
29.42 29.25 29.88 30.15 33.52
Living Wage Family 139400.00
AOA/Month
145400 145400 155400 139400 155400
Living Wage Individual 56700.00
AOA/Month
56700 56700 56700 56700 56700
Wages High Skilled 227500.00
AOA/Month
24000 24000 24000 195104 250000
Wages Low Skilled 75300.00
AOA/Month
77300 77300 79300 55807 79300
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 19.52
percent
17 16 15 15 12
Inflation Rate Mom 1.26
percent
1.27 1.27 1.27 1.27 1.3
Consumer Price Index CPI 211.65
Index Points
219 227 234 243 290
Food Inflation 14.10
percent
10.5 9.8 9.5 9 7.5
CPI Transportation 176.17
Index Points
186 195 198 203 248
Producer Prices 178.78
Index points
186 184 189 209 214
Producer Prices Change 15.73
percent
14.9 10 8.5 16.02 7.4
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 16.50
percent
16.5 16.5 16 16 14
Interbank Rate 19.97
percent
19.97 19.97 19.47 19.47 17.47
Money Supply M0 1599755.00
AOA Million
1593235 1593235 1593235 1593235 1593235
Deposit Interest Rate 6.33
percent
6.33 6.33 5.83 5.83 3.83
Lending Rate 20.00
percent
20 20 19.5 19.5 17.5
Loans To Banks 468274.00
Million AOA
471740 481873 496550 507346 545092
Loans To Private Sector 3537144.00
Million AOA
3575152 3567783 3584441 3572095 3576331
Money Supply M1 3847408.92
AOA Million
3828171 3838138 3834226 3834840 3834866
Money Supply M2 7285428.09
AOA Million
7566301 7738901 7872043 7972814 8271800
Money Supply M3 7290306.45
AOA Million
6164000 6251000 7871259 7978143 6517000
Foreign Exchange Reserves 3236.85
AOA Billion
3575 3196 3723 3744 3767
Central Bank Balance Sheet 6954.84
AOA Billion
7260 7313 7335 7338 7341
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade 4962.29
USD Million
2231 1287 1525 1212 -237
Exports 8119.72
USD Million
7806 7833 7823 7822 7823
Imports 3157.43
USD Million
5575 5954 6297 6610 8060
Current Account -942.70
USD Million
3994 3714 3065 2416 -4420
Current Account to GDP -0.90
percent
-2 -2 -1 -1 2
Capital Flows -5472.16
USD Million
-8095 -10165 -9088 -8012 6421
Crude Oil Production 1448.00
BBL/D/1K
1446 1450 1448 1448 1448
Gold Reserves 19.13
Tonnes
18.68 18.68 18.68 18.68 18.68
Foreign Direct Investment 8559.00
USD Million
11761 10880 11072 11264 10095
External Debt 43739.10
USD Million
45658 45224 46135 47046 50773
Terrorism Index 0.15
0.18 0.24 0.24 0.23 0.1
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 65.10
percent
57 57 55 55 50
Government Budget -4.90
percent of GDP
-3.5 -3.5 -2.7 -3.97 -3
Government Revenues 3514.50
AOA Million
2644 2662 2594 2526 2187
Fiscal Expenditure 4295.70
AOA Million
3553 3455 3137 2819 1103
Military Expenditure 2371.81
USD Million
3739 3773 3899 4025 3655
Government Spending 3309.85
AOA Million
3393 3383 3422 3422 3662
Government Budget Value -781.20
AOA Million
-909 -458 -544 -294 1084
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Business Confidence -14.00
Index Points
-14.39 -14.8 -14.93 -15.09 -15.06
Industrial Production -2.60
percent
-3.17 -2.26 -2.57 -2.33 -2.51
Industrial Production Mom -2.40
percent
0.62 0.74 -2.01 -0.75 -0.22
Manufacturing Production 17.10
percent
9.37 12.43 11.07 7.65 8.84
Internet Speed 3718.95
KBps
3880 3880 3880 3880 3880
IP Addresses 156892.00
IP
156213 155612 154885 154411 151755
Mining Production -5.50
percent
-7.76 -6.83 -5.59 -5.21 -6.05
Ease of Doing Business 175.00
176 175 175 175 175
Corruption Index 19.00
Points
19 19 19 20 20
Corruption Rank 167.00
165 166 165 165 157
Competitiveness Index 3.03
Points
3.02 3.01 3.01 3.01 3.01
Competitiveness Rank 140.00
140 140 140 140 140
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Bank Lending Rate 20.83
percent
20.83 20.83 20.33 20.33 18.33
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Corporate Tax Rate 30.00
percent
30 30 30 30 30
Personal Income Tax Rate 17.00
percent
17 17 17 17 17
Sales Tax Rate 10.00
percent
10 10 10 10 10
Social Security Rate 11.00
percent
11 11 11 11 11
Social Security Rate For Companies 8.00
percent
8 8 8 8 8
Social Security Rate For Employees 3.00
percent
3 3 3 3 3
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Precipitation 193.26
mm
7.93 123 156 70.33 84.06
Temperature 23.52
celsius
20.67 23.14 22.88 22.43 22.36