Markets Actual Q3 Q4 Q1 Q2 2022
Currency 639.65 644 649 654 658 668

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 0.20 0.8 1.2 0.6 1 0.5
GDP Annual Growth Rate (%) -3.40 2.5 1.3 1.7 2.5 3
Unemployment Rate (%) 30.50 32 32.2 32.4 32.6 33
Inflation Rate (%) 25.32 25 19.7 16 14 12
Inflation Rate Mom (%) 2.05 1.7 2.1 1.4 1.8 1.8
Interest Rate (%) 20.00 20 20 20 20 20
Balance of Trade (USD Million) 4382.90 4100 7100 4200 5200 5500
Current Account (USD Million) 893.80 750 750 1200 1200 1200
Current Account to GDP (% of GDP) 1.50 0.7 0.7 0.4 0.4 0.4
Government Debt to GDP (% of GDP) 120.00 115 115 108 108 108
Government Budget (% of GDP) -2.50 2.6 2.6 1.8 1.8 1.8
Business Confidence (points) -9.00 -10 -8 -5 -6 -6
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 2022
GDP Growth Rate (%) 0.20 0.8 1.2 0.6 1 0.5
GDP Annual Growth Rate (%) -3.40 2.5 1.3 1.7 2.5 3
GDP (USD Billion) 62.31 100 100 100 100 118
GDP per capita (USD) 2890.89 2900 2900 2900 2900 3100
GDP per capita PPP (USD) 6198.08 6000 6000 6000 6000 6300
Gdp Constant Prices (AOA Million) 364928.00 407000 410000 410000 410000 410000
GDP From Agriculture (AOA Million) 19498.00 19314 19522 19829 19985 20107
GDP From Construction (AOA Million) 28845.00 30062 27035 29335 29566 27846
GDP From Manufacturing (AOA Million) 17120.00 18577 17446 17411 17548 17969
GDP From Mining (AOA Million) 9254.00 5838 7771 9411 9485 8004
GDP From Public Administration (AOA Million) 29177.00 30261 29890 29673 29906 30786
GDP From Services (AOA Million) 60371.00 56503 60911 61397 61880 62738
GDP From Transport (AOA Million) 6118.00 5162 8974 6222 6271 9243
GDP From Utilities (AOA Million) 3773.00 3863 3765 3837 3867 3878

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 30.50 32 32.2 32.4 32.6 33
Minimum Wages (AOA/Month) 21454.10 21454 21454 24000 24000 24000
Population (Million) 33.00 33.6 33.78 33.78 33.78 34.77
Labor Force Participation Rate (%) 90.10 90.5 90.7 91 90.8 91.1
Employed Persons (Thousands) 10821.20 10800 11200 10870 11100 10800
Employment Rate (%) 62.60 61.8 61.6 61.3 62 61.5
Youth Unemployment Rate (Percent) 56.30 56 55.6 57.2 57 57.8
Unemployed Persons (Thousands) 4744.20 4710 4740 4680 4700 4700

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 25.32 25 19.7 16 14 12
Inflation Rate Mom (%) 2.05 1.7 2.1 1.4 1.8 1.8
Consumer Price Index CPI (points) 109.80 118 120 122 125 134
Producer Prices (points) 337.74 351 366 385 405 432
Producer Prices Change (%) 29.73 26.7 24 22 20 18
Cpi Housing Utilities (points) 334.38 400 425 425 425 425
CPI Transportation (points) 262.12 285 287 290 299 321

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) 20.00 20 20 20 20 20
Interbank Rate (%) 16.28 16.28 16.28 16.28 16.28 16.28
Deposit Interest Rate (%) 6.20 6.2 6.2 6.2 6.2 6.2
Lending Rate (%) 19.88 19.88 19.88 19.88 19.88 19.88
Loans To Banks (Million AOA) 989297.82 950000 925000 875000 865000 850000
Loans To Private Sector (Million AOA) 4408218.81 4008689 4158819 4328799 4518424 4283583
Money Supply M1 (AOA Million) 5872471.38 6050000 5800000 5650000 5450000 5250000
Money Supply M2 (AOA Million) 12445035.31 11800000 11650000 10800000 10500000 10350000
Money Supply M3 (AOA Million) 12449779.09 12450000 11800000 11500000 11250000 11000000
Foreign Exchange Reserves (USD Million) 8313.13 8300 8500 8800 9100 9200
Cash Reserve Ratio (%) 22.00 22 22 22 24 24
Central Bank Balance Sheet (AOA Billion) 12972.30 13400 12800 13300 13100 13000

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (USD Million) 4382.90 4100 7100 4200 5200 5500
Current Account (USD Million) 893.80 750 750 1200 1200 1200
Current Account to GDP (% of GDP) 1.50 0.7 0.7 0.4 0.4 0.4
Imports (USD Million) 2500.80 2600 2800 3000 3200 3200
Exports (USD Million) 6883.70 7200 7000 8200 9100 8700
Capital Flows (USD Million) -2083.20 -1600 -1600 -1300 -1300 -1300
Crude Oil Production (BBL/D/1K) 1073.00 1470 1510 1510 1510 1470
Remittances (USD Million) 3.27 4.5 4.8 5.1 5.3 5.5
Foreign Direct Investment (USD Million) 6310.85 5500 5500 7000 7000 7000
External Debt (USD Million) 48797.00 49100 49100 50000 50000 50000

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 120.00 115 115 108 108 108
Government Budget (% of GDP) -2.50 2.6 2.6 1.8 1.8 1.8
Government Revenues (AOA Billion) 5986.10 5300 5300 5500 5500 5500
Fiscal Expenditure (AOA Billion) 5980.00 6400 6400 4800 4800 4800
Government Spending (AOA Billion) 4956.30 5105 3547 5021 5041 5171
Government Budget Value (AOA Billion) 6.10 -1100 -1100 700 700 700
Military Expenditure (USD Million) 1301.00 2000 2000 2000 2000 1800

Taxes Actual Q3 Q4 Q1 Q2 2022
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 2022
Business Confidence (points) -9.00 -10 -8 -5 -6 -6
Industrial Production (%) -1.71 1.7 2 1.3 1.5 1.5
Industrial Production Mom (%) -2.80 1.4 1.2 -0.6 0.6 0.3
Manufacturing Production (%) 10.40 16 8 7.5 6 7
Mining Production (%) 2.20 4.5 4 1.4 2 2

Consumer Actual Q3 Q4 Q1 Q2 2022
Bank Lending Rate (%) 18.04 18.04 18.04 18.04 18.04 18.04


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.