Markets Actual Q1 Q2 Q3 Q4 2022
Currency 647.00 658 665 672 679 692

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Annual Growth Rate (%) -5.80 2 3.3 2.7 1 3.3
Unemployment Rate (%) 34.00 35 35.3 34.7 34 32.8
Inflation Rate (%) 25.10 26.9 24.5 22.8 20 12
Inflation Rate Mom (%) 2.06 1.9 2.1 2.3 2.2 2
Interest Rate (%) 15.50 15.5 15 15 15 15
Balance of Trade (USD Million) 1342.60 4300 4900 4200 7100 4850
Current Account (USD Million) -133.50 1000 1000 1000 1000 2300
Current Account to GDP (%) 6.10 -6.5 -6.5 -6.5 -6.5 -3
Government Debt to GDP (%) 111.00 107 107 107 107 95
Government Budget (% of GDP) -0.70 -7 -7 -7 -7 -3
Business Confidence (points) -24.00 -13 -15 -8 -8 -6
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 17.00 17 17 17 17 17

GDP Actual Q1 Q2 Q3 Q4 2022
GDP Annual Growth Rate (%) -5.80 2 3.3 2.7 1 3.3
GDP (USD Billion) 94.64 100 100 100 100 118
GDP per capita (USD) 3103.50 2900 2900 2900 2900 3100
GDP per capita PPP (USD) 6653.91 6250 6000 6000 6000 6300
Gdp Constant Prices (AOA Million) 362524.00 407000 407000 407000 410000 410000
GDP From Agriculture (AOA Million) 18741.00 14008 17894 22622 1466 14148
GDP From Construction (AOA Million) 28257.00 53592 46774 17033 1931 54128
GDP From Manufacturing (AOA Million) 18247.00 18245 16923 14951 789 18427
GDP From Mining (AOA Million) 5718.00 6938 6753 6789 3476 7007
GDP From Public Administration (AOA Million) 29636.00 32883 31240 22374 1684 33212
GDP From Services (AOA Million) 54201.00 48831 56715 48596 2332 49319
GDP From Transport (AOA Million) 1813.00 9911 9841 2170 671 10010
GDP From Utilities (AOA Million) 3780.00 3743 4088 3917 76.09 3780

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 34.00 35 35.3 34.7 34 32.8
Minimum Wages (AOA/Month) 21454.10 21454 21454 21454 21454 21454
Population (Million) 31.70 33.6 33.6 33.6 33.78 34.77
Labor Force Participation Rate (%) 90.40 90.7 91 91.5 91 92.3
Employed Persons (Thousands) 10112.90 10100 10150 10200 10100 10200
Employment Rate (%) 59.70 61 61 60.8 61 61
Youth Unemployment Rate (Percent) 56.40 54.5 55.3 56 55.6 56
Unemployed Persons (Thousands) 5208.60 4790 4800 4830 4840 4920

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) 25.10 26.9 24.5 22.8 20 12
Inflation Rate Mom (%) 2.06 1.9 2.1 2.3 2.2 2
Consumer Price Index CPI (points) 339.29 364 378 393 399 447
Producer Prices (points) 295.29 311 325 345 358 423
Producer Prices Change (%) 26.85 26.8 25 24.7 24 18
Cpi Housing Utilities (points) 313.99 365 380 400 425 425
CPI Transportation (points) 239.54 267 270 280 273 306

Money Actual Q1 Q2 Q3 Q4 2022
Interest Rate (%) 15.50 15.5 15 15 15 15
Interbank Rate (%) 12.50 14.13 14.13 13.63 15.76 13.63
Deposit Interest Rate (%) 6.42 6.42 6.42 5.92 5.83 5.92
Lending Rate (%) 15.50 15.5 15.5 15 16.5 15
Loans To Banks (Million AOA) 963933.48 920000 930000 880000 880000 880000
Loans To Private Sector (Million AOA) 4049556.40 4224631 4540688 4022579 4012666 4266878
Money Supply M1 (AOA Million) 6011328.70 3900000 3900000 3900000 3900000 3861507
Money Supply M2 (AOA Million) 12447300.98 8450000 8450000 8450000 8450000 8899851
Money Supply M3 (AOA Million) 12452046.95 6517000 6517000 6517000 6517000 6517000
Foreign Exchange Reserves (USD Million) 8721.00 8150 8300 8600 9000 9500
Cash Reserve Ratio (%) 17.00 15 15 15 15 15
Central Bank Balance Sheet (AOA Billion) 12577.30 135000 140000 143500 140000 145000

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (USD Million) 1342.60 4300 4900 4200 7100 4850
Current Account (USD Million) -133.50 1000 1000 1000 1000 2300
Current Account to GDP (%) 6.10 -6.5 -6.5 -6.5 -6.5 -3
Imports (USD Million) 2110.70 3300 4300 4000 4150 4200
Exports (USD Million) 3453.30 8200 8500 9300 9000 10600
Capital Flows (USD Million) -2083.20 -1300 -1300 -1300 -1300 -1000
Crude Oil Production (BBL/D/1K) 1145.00 1470 1470 1470 1510 1470
Foreign Direct Investment (USD Million) 2586.90 3500 3500 3500 3500 4200
External Debt (USD Million) 48797.00 51200 51200 51200 51200 52300

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) 111.00 107 107 107 107 95
Government Budget (% of GDP) -0.70 -7 -7 -7 -7 -3
Government Revenues (AOA Billion) 5986.10 3200 3200 3200 3200 3600
Fiscal Expenditure (AOA Billion) 5980.00 4800 4800 4900 4800 4800
Military Expenditure (USD Million) 2508.00 2000 2000 2000 2000 1800
Government Spending (AOA Billion) 4956.30 4708 5055 5120 3547 4756
Government Budget Value (AOA Billion) 6.10 -2650 -4300 -1600 -2564 -2564

Taxes Actual Q1 Q2 Q3 Q4 2022
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 17.00 17 17 17 17 17
Sales Tax Rate (%) 14.00 10 14 14 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 Q1 Q2 Q3 Q4 2022
Business Confidence (points) -24.00 -13 -15 -8 -8 -6
Industrial Production (%) 2.80 -3.8 -3.8 -3 -1.3 1.3
Industrial Production Mom (%) 3.80 -0.5 -0.5 -0.5 -1.8 -1.8
Manufacturing Production (%) 8.60 4 -5 3 3 4
Mining Production (%) 3.40 2.5 2.5 -3 -3 -3

Consumer Actual Q1 Q2 Q3 Q4 2022
Bank Lending Rate (%) 18.51 18.51 18.51 18.01 20.23 18.01


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.