The economy of Angola shrank 0.4 percent year-on-year in the first quarter of 2019, after an upwardly revised 2.6 percent growth in the previous period. The downturn mainly reflected declines in oil extraction and refining (-6.9% vs -9.6% in Q4); manufacturing (-6.5% vs 9.2%); internal trade (-3.2% vs 24%); post & telecommunications (-6.8% vs 9.3%); finance & insurance (-4.8% vs 18.7%) and fishing (-7.4% vs -24.6%). Also, output growth weakened markedly for extraction of diamonds and other minerals (0.1% vs 1.5%) and utilities (9.9% vs 17.2%). In contrast, construction rose solidly (11.3% vs 5.7%). GDP Annual Growth Rate in Angola averaged 4.69 percent from 2000 until 2019, reaching an all time high of 23.20 percent in the fourth quarter of 2007 and a record low of -11.70 percent in the fourth quarter of 2015.

GDP Annual Growth Rate in Angola is expected to be -0.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Angola to stand at 0.40 in 12 months time. In the long-term, the Angola GDP Annual Growth Rate is projected to trend around 2.00 percent in 2020, according to our econometric models.

Angola GDP Annual Growth Rate
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Angola GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate -0.40 2.60 23.20 -11.70 percent [+]
GDP 105.75 122.12 145.71 4.44 USD Billion [+]
GDP per capita 3229.60 3409.90 3843.20 1726.30 USD [+]
GDP per capita PPP 5725.33 6044.97 6813.05 3060.34 USD [+]
Gdp Constant Prices 390102.00 405857.00 443991.00 305946.00 AOA Million [+]
GDP From Agriculture 16651.00 14726.00 21716.00 10805.00 AOA Million [+]
GDP From Construction 44587.00 54942.00 54942.00 23501.00 AOA Million [+]
GDP From Manufacturing 14950.00 17869.00 17869.00 9683.00 AOA Million [+]
GDP From Mining 6610.00 8230.00 8230.00 5158.00 AOA Million [+]
GDP From Public Administration 30278.00 34219.00 46488.00 22930.00 AOA Million [+]
GDP From Services 57180.00 47041.00 66156.00 32726.00 AOA Million [+]
GDP From Transport 9712.00 7240.00 12067.00 4979.00 AOA Million [+]
GDP From Utilities 3858.00 3720.00 3858.00 1522.00 AOA Million [+]


Angola GDP Annual Growth Rate

Angola is Africa’s second largest oil producer. As such, oil sector accounts for about 47 percent of total GDP, 98 percent of export earnings and 75 percent of government revenues. Within the non-oil sector the biggest share goes to: wholesale and retail sales (21 percent of total output), agriculture and fishery (10 percent), construction (7.7 percent) and manufacturing (6 percent). This page provides - Angola GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Angola GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-0.40 2.60 23.20 -11.70 2000 - 2019 percent Quarterly
2002=100




Country Last Previous
China 6.20 Jun/19
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Spain 2.10 Jun/19
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