The Gross Domestic Product (GDP) in Angola expanded 0.60 percent in the fourth quarter of 2020 over the previous quarter. source: National Bank of Angola

GDP Growth Rate in Angola averaged 3.53 percent from 2000 until 2020, reaching an all time high of 23.20 percent in the fourth quarter of 2007 and a record low of -8.90 percent in the first quarter of 2015. This page provides the latest reported value for - Angola GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Angola GDP Growth Rate - values, historical data and charts - was last updated on May of 2021.

GDP Growth Rate in Angola is expected to be -2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Angola to stand at 0.60 in 12 months time. In the long-term, the Angola GDP Growth Rate is projected to trend around -0.40 percent in 2022 and 0.80 percent in 2023, according to our econometric models.

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Angola GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.60 2.80 23.20 -8.90 2000 - 2020 percent Quarterly
SA, 2014=100

Angola GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.60 2.80 23.20 -8.90 percent [+]
GDP Annual Growth Rate -5.40 -6.20 23.20 -12.30 percent [+]
GDP 94.64 101.35 145.71 4.44 USD Billion [+]
GDP per capita 3103.50 3233.90 3843.20 1726.30 USD [+]
GDP per capita PPP 6653.91 6933.51 8239.83 3701.23 USD [+]
Gdp Constant Prices 363914.00 361892.00 446340.00 305946.00 AOA Million [+]
GDP From Agriculture 19271.00 18843.00 21716.00 351.80 AOA Million [+]
GDP From Construction 26089.00 28479.00 56413.00 23501.00 AOA Million [+]
GDP From Manufacturing 17222.00 18124.00 19205.00 9683.00 AOA Million [+]
GDP From Mining 7006.00 6480.00 8230.00 5158.00 AOA Million [+]
GDP From Public Administration 28736.00 29523.00 46488.00 23151.00 AOA Million [+]
GDP From Services 60129.00 55125.00 66136.00 32726.00 AOA Million [+]
GDP From Transport 8744.00 4804.00 12067.00 4136.00 AOA Million [+]
GDP From Utilities 3706.00 3769.00 3940.00 1522.00 AOA Million [+]


Angola GDP Growth Rate
Angola is Africa’s second largest oil producer. As such, oil production is the main sector of the economy, accounting for about 47 percent of total GDP, 98 percent of export earnings and 75% of government revenues. Within the non-oil sector, Wholesale and Retail Sales (21 percent of total output) and Agriculture and Fishery (10 percent) are the biggest. Other sectors include: Construction (7.7 percent), Other Sectors (7.2 percent ), Manufacturing (6 percent) and Diamonds (1 percent).