Markets Actual Q4 Q1 Q2 Q3 2021
Currency 652.02 659 665 672 679 693

Overview Actual Q4 Q1 Q2 Q3 2021
GDP Annual Growth Rate (%) -1.80 -5 -3 0.3 0.7 1
Unemployment Rate (%) 32.70 34.5 35 35.3 34.7 34
Inflation Rate (%) 23.82 25.7 26.9 26.5 25.8 25
Inflation Rate Mom (%) 1.78 2 1.9 2.1 2.3 2.2
Interest Rate (%) 15.50 15.5 15.5 15 15 15
Balance of Trade (USD Million) 1342.60 4300 4900 4200 5300 4850
Current Account (USD Million) -133.50 1600 1000 1000 1000 1000
Current Account to GDP (%) 6.10 -10 -6.5 -6.5 -6.5 -6.5
Government Debt to GDP (%) 111.00 120 115 115 115 115
Government Budget (% of GDP) -0.70 -9.5 -7 -7 -7 -7
Business Confidence (points) -21.00 -16 -13 -15 -8 -8
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 17.00 17 17 17 17 17

GDP Actual Q4 Q1 Q2 Q3 2021
GDP Annual Growth Rate (%) -1.80 -5 -3 0.3 0.7 1
GDP (USD Billion) 94.64 70 100 100 100 100
GDP per capita (USD) 3103.50 2980 2900 2900 2900 2900
GDP per capita PPP (USD) 6653.91 6250 6250 6000 6000 6000
Gdp Constant Prices (AOA Million) 382426.00 407000 407000 407000 407000 410000
GDP From Agriculture (AOA Million) 16727.00 14008 16225 16777 16844 14148
GDP From Construction (AOA Million) 45857.00 53592 44481 45995 46178 54128
GDP From Manufacturing (AOA Million) 16591.00 18245 16093 16641 16707 18427
GDP From Mining (AOA Million) 6621.00 6938 6422 6641 6667 7007
GDP From Public Administration (AOA Million) 30627.00 32883 29708 30719 30841 33212
GDP From Services (AOA Million) 52084.00 48927 50521 52240 52449 49416
GDP From Transport (AOA Million) 9648.00 9911 9359 9677 9716 10010
GDP From Utilities (AOA Million) 4008.00 3743 3888 4020 4036 3780

Labour Actual Q4 Q1 Q2 Q3 2021
Unemployment Rate (%) 32.70 34.5 35 35.3 34.7 34
Minimum Wages (AOA/Month) 21454.10 21454 21454 21454 21454 21454
Population (Million) 31.70 32.79 33.6 33.6 33.6 33.78
Labor Force Participation Rate (%) 87.50 90 90.7 91 91.5 91
Employed Persons (Thousands) 9751.46 10000 10100 10150 10200 10100
Employment Rate (%) 58.90 60.1 61 61 60.8 61
Youth Unemployment Rate (Percent) 50.80 54 54.5 55.3 56 55.6
Unemployed Persons (Thousands) 4737.70 4780 4790 4800 4830 4840

Prices Actual Q4 Q1 Q2 Q3 2021
Inflation Rate (%) 23.82 25.7 26.9 26.5 25.8 25
Inflation Rate Mom (%) 1.78 2 1.9 2.1 2.3 2.2
Consumer Price Index CPI (points) 320.15 341 364 384 403 426
Producer Prices (points) 276.86 247 294 311 325 271
Producer Prices Change (%) 24.82 26.5 26.8 25 24.7 24
Cpi Housing Utilities (points) 302.60 350 365 380 400 425
CPI Transportation (points) 227.78 256 267 274 281 320

Money Actual Q4 Q1 Q2 Q3 2021
Interest Rate (%) 15.50 15.5 15.5 15 15 15
Interbank Rate (%) 14.13 16.26 15.28 15.28 14.78 15.76
Deposit Interest Rate (%) 6.42 6.33 6.42 6.42 5.92 5.83
Lending Rate (%) 15.50 17 15.5 15.5 15 16.5
Loans To Banks (Million AOA) 963933.48 939000 920000 930000 880000 880000
Loans To Private Sector (Million AOA) 3907172.52 4224631 4318105 3905757 3923962 4266878
Money Supply M1 (AOA Million) 5568172.68 3900000 3900000 3900000 3900000 3861507
Money Supply M2 (AOA Million) 11357687.82 8450000 8450000 8450000 8450000 8899851
Money Supply M3 (AOA Million) 11362632.99 6517000 6517000 6517000 6517000 6517000
Foreign Exchange Reserves (USD Million) 9297.54 8800 8750 8700 8900 9000
Cash Reserve Ratio (%) 15.00 15 15 15 15 15
Central Bank Balance Sheet (AOA Billion) 12577.30 130000 135000 140000 143500 140000

Trade Actual Q4 Q1 Q2 Q3 2021
Balance of Trade (USD Million) 1342.60 4300 4900 4200 5300 4850
Current Account (USD Million) -133.50 1600 1000 1000 1000 1000
Current Account to GDP (%) 6.10 -10 -6.5 -6.5 -6.5 -6.5
Imports (USD Million) 2110.70 2700 3300 4300 4000 4150
Exports (USD Million) 3453.30 7000 8200 8500 9300 9000
Capital Flows (USD Million) -2083.20 -1600 -1300 -1300 -1300 -1300
Crude Oil Production (BBL/D/1K) 1216.00 1490 1470 1470 1470 1510
Foreign Direct Investment (USD Million) 2586.90 1500 3500 3500 3500 3500
External Debt (USD Million) 48797.00 49500 51200 51200 51200 51200

Government Actual Q4 Q1 Q2 Q3 2021
Government Debt to GDP (%) 111.00 120 115 115 115 115
Government Budget (% of GDP) -0.70 -9.5 -7 -7 -7 -7
Government Revenues (AOA Billion) 5986.10 2300 3200 3200 3200 3200
Fiscal Expenditure (AOA Billion) 5980.00 6600 4800 4800 4900 4800
Military Expenditure (USD Million) 2508.00 2200 2000 2000 2000 2000
Government Spending (AOA Billion) 4956.30 4708 4808 4971 4991 4756
Government Budget Value (AOA Billion) 6.10 -2650 -4300 -1600 -1600 -2564

Taxes Actual Q4 Q1 Q2 Q3 2021
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 14 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 Q4 Q1 Q2 Q3 2021
Business Confidence (points) -21.00 -16 -13 -15 -8 -8
Industrial Production (%) 2.80 -5 -3.8 -3.8 -3 -1.3
Industrial Production Mom (%) 3.80 0.3 -0.5 -0.5 -0.5 -1.8
Manufacturing Production (%) 8.60 -4 4 -5 3 3
Mining Production (%) 3.40 -4.5 2.5 2.5 -3 -3

Consumer Actual Q4 Q1 Q2 Q3 2021
Bank Lending Rate (%) 18.51 20.73 19.5 19.5 19 20.23


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.