Angola recorded a Government Budget deficit equal to 2.80 percent of the country's Gross Domestic Product in 2018. Government Budget in Angola averaged 2.08 percent of GDP from 2003 until 2018, reaching an all time high of 11.40 percent of GDP in 2007 and a record low of -7 percent of GDP in 2003.

Government Budget in Angola is expected to be 1.20 percent of GDP by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Angola Government Budget is projected to trend around 1.60 percent of GDP in 2020, according to our econometric models.

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Angola Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-2.80 -4.80 11.40 -7.00 2003 - 2018 percent of GDP Yearly


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.

Angola Government Last Previous Highest Lowest Unit
Government Debt to GDP 80.50 65.10 104.50 16.10 percent [+]
Government Budget -2.80 -4.80 11.40 -7.00 percent of GDP [+]
Government Revenues 3667.80 3514.50 5053.80 394.90 AOA Billion [+]
Fiscal Expenditure 4807.70 4295.70 5375.10 467.50 AOA Billion [+]
Military Expenditure 2508.00 3063.00 7798.00 207.00 USD Million [+]
Credit Rating 26.00 [+]
Government Spending 3812.80 3480.10 3812.80 390.80 AOA Billion [+]
Government Budget Value -1139.90 -781.20 1000.90 -1139.90 AOA Billion [+]