Markets Actual Q2 Q3 Q4 Q1 2021
Currency 580.86 587 593 599 605 617

Overview Actual Q2 Q3 Q4 Q1 2021
GDP Annual Growth Rate (%) -0.80 -5 -4.7 -4.9 2 1.5
Unemployment Rate (%) 31.80 32.6 33 35 33 28
Inflation Rate (%) 20.81 22.5 23 25 22.7 22
Inflation Rate Mom (%) 2.05 2.35 2.6 2.7 2.3 2.5
Interest Rate (%) 15.50 15.5 15.5 15.5 15.5 15
Balance of Trade (USD Million) 5593.10 2000 4500 4500 3800 5600
Current Account (USD Million) 1894.10 -2500 -2500 -2500 -1700 -1700
Current Account to GDP (%) 6.10 -2 -2 2 -1.6 -1.6
Government Debt to GDP (%) 111.00 130 130 130 100 100
Government Budget (% of GDP) -0.70 -1 -1 -1 -0.6 -0.6
Business Confidence (points) -4.00 -18 -12 -10 -7 -5
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 17.00 17 17 17 17 17

GDP Actual Q2 Q3 Q4 Q1 2021
GDP Annual Growth Rate (%) -0.80 -5 -4.7 -4.9 2 1.5
GDP (USD Billion) 100.00 110 110 110 114 114
GDP per capita (USD) 3229.60 3300 3300 3300 3325 3325
GDP per capita PPP (USD) 5725.33 5543 5543 6000 5543 6130
Gdp Constant Prices (AOA Million) 400841.00 360000 403000 407000 407000 410000
GDP From Agriculture (AOA Million) 14745.00 20874 18125 14022 15040 14233
GDP From Construction (AOA Million) 56413.00 27232 44755 53649 57541 54453
GDP From Manufacturing (AOA Million) 18971.00 14593 16219 18041 19350 18312
GDP From Mining (AOA Million) 7303.00 7596 7480 6945 7449 7049
GDP From Public Administration (AOA Million) 34614.00 22731 30758 32918 35306 33412
GDP From Services (AOA Million) 51392.00 45567 46168 48874 52420 49607
GDP From Transport (AOA Million) 10433.00 9685 11082 9922 10642 10071
GDP From Utilities (AOA Million) 3930.00 3540 3191 3737 4009 3793

Labour Actual Q2 Q3 Q4 Q1 2021
Unemployment Rate (%) 31.80 32.6 33 35 33 28
Minimum Wages (AOA/Month) 21454.10 21454 21454 21454 21454 22000
Population (Million) 31.70 32.8 32.8 32.79 33.6 33.78
Labor Force Participation Rate (%) 88.40 86.5 86.7 87 87 87.3
Living Wage Family (AOA/Month) 149400.00 145400 145400 155400 155400 169400
Employment Rate (%) 60.30 61.7 60.5 61.2 61.2 62
Wages High Skilled (AOA/Month) 211500.00 24000 24000 250000 250000 26000
Youth Unemployment Rate (Percent) 56.50 52 51.7 51.7 51.7 50.4

Prices Actual Q2 Q3 Q4 Q1 2021
Inflation Rate (%) 20.81 22.5 23 25 22.7 22
Inflation Rate Mom (%) 2.05 2.35 2.6 2.7 2.3 2.5
Consumer Price Index CPI (points) 292.63 303 318 339 352 414
Cpi Housing Utilities (points) 291.57 365 365 400 400 450
CPI Transportation (points) 212.75 229 240 255 258 311
Producer Prices (points) 250.25 260 260 273 289 322
Producer Prices Change (%) 21.16 22.5 17.3 17.4 17.6 18

Money Actual Q2 Q3 Q4 Q1 2021
Interest Rate (%) 15.50 15.5 15.5 15.5 15.5 15
Interbank Rate (%) 15.50 19.87 19.87 19.87 19.87 19.87
Deposit Interest Rate (%) 6.42 6.88 6.88 6.88 6.88 6.88
Lending Rate (%) 15.50 15.5 15.5 15.5 15.5 15.5
Loans To Banks (Million AOA) 1103771.00 743000 820000 820000 820000 809725
Loans To Private Sector (Million AOA) 4300995.00 3747008 3806654 4205057 4387015 4268133
Money Supply M1 (AOA Million) 5392661.04 3900000 3900000 3900000 3900000 3861507
Money Supply M2 (AOA Million) 10762310.99 8450000 8450000 8450000 8450000 8899851
Money Supply M3 (AOA Million) 10767321.84 8400000 8400000 6517000 6517000 6517000
Foreign Exchange Reserves (AOA Billion) 6030.15 5700 3500 5300 5500 5600
Cash Reserve Ratio (%) 15.00 15 15 15 15 15
Central Bank Balance Sheet (AOA Billion) 11398.00 12000 12400 12700 12500 13100

Trade Actual Q2 Q3 Q4 Q1 2021
Balance of Trade (USD Million) 5593.10 2000 4500 4500 3800 5600
Current Account (USD Million) 1894.10 -2500 -2500 -2500 -1700 -1700
Current Account to GDP (%) 6.10 -2 -2 2 -1.6 -1.6
Imports (USD Million) 3086.30 5000 3500 4500 4800 4700
Exports (USD Million) 8669.40 7000 8000 9000 8600 10300
Capital Flows (USD Million) -1296.90 -6500 -6500 -6500 -5300 -5300
Crude Oil Production (BBL/D/1K) 1352.00 1420 1480 1490 1470 1510
Foreign Direct Investment (USD Million) 6245.65 5800 5800 5800 7300 7300
External Debt (USD Million) 47553.80 47311 47311 47311 47311 46900

Government Actual Q2 Q3 Q4 Q1 2021
Government Debt to GDP (%) 111.00 130 130 130 100 100
Government Budget (% of GDP) -0.70 -1 -1 -1 -0.6 -0.6
Government Revenues (AOA Billion) 3667.80 2250 2250 2250 2250 2250
Fiscal Expenditure (AOA Billion) 4807.70 4900 4900 4900 4900 4750
Government Spending (AOA Billion) 3812.80 3717 3634 3626 3889 3680
Government Budget Value (AOA Billion) -1139.90 -2650 -2650 -2650 -2650 -2564

Taxes Actual Q2 Q3 Q4 Q1 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 14 14 14 14 14
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 Q2 Q3 Q4 Q1 2021
Business Confidence (points) -4.00 -18 -12 -10 -7 -5
Industrial Production (%) -3.20 -1.2 -3 -5 0.3 -1.3
Industrial Production Mom (%) -3.40 0.7 -1.4 0.3 -0.5 -1.8
Manufacturing Production (%) 14.90 2.8 7 2.6 1.8 4.3
Mining Production (%) -7.80 -4 -2.6 -3.7 -3.7 -4.1

Consumer Actual Q2 Q3 Q4 Q1 2021
Bank Lending Rate (%) 19.24 19.24 19.24 19.24 19.24 19.24


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.