Angola - Economic Forecasts - 2018-2020 Outlook

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.


Overview Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 20.00 20 20 20 20 18 percent
Inflation Rate 18.56 18.3 16 15 15 12 percent
Interest Rate 16.50 16.5 16.5 16 16 14 percent
Balance of Trade 4962.29 2231 1287 1525 1212 -237 USD Million
Government Debt to GDP 65.10 57 57 55 55 50 percent
MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 287.66
275 278 282 286 302
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate -2.20
percent
-0.5 2.2 3.4 3.4 4.7
GDP 124.21
USD Billion
127 127 143 143 150
GDP per capita 3484.60
USD
3456 3455 3472 3472 3445
GDP per capita PPP 5819.50
USD
5768 5770 5721 5721 5753
GDP From Agriculture 1375.00
AOA Billion
1368 1405 1422 1422 1521
GDP From Construction 1811.00
AOA Billion
1802 1851 1873 1873 2004
GDP From Manufacturing 740.00
AOA Billion
736 756 765 765 819
Gdp From Mining 3260.00
AOA Billion
3244 3332 3371 3371 3607
Gdp From Public Administration 1571.00
AOA Billion
1563 1606 1624 1624 1738
Gdp From Services 2176.00
AOA Billion
2165 2224 2250 2250 2408
Gdp From Transport 626.00
AOA Billion
623 640 647 647 693
Gdp From Utilities 71.00
AOA Billion
70.65 72.56 73.41 73.41 78.56
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 20.00
percent
20 20 20 20 18
Minimum Wages 16503.30
AOA/Month
15003 15003 16000 15436 17000
Population 29.78
Million
29.42 29.25 29.88 30.15 33.52
Living Wage Family 139400.00
AOA/Month
145400 145400 155400 139400 155400
Living Wage Individual 56700.00
AOA/Month
56700 56700 56700 56700 56700
Wages High Skilled 227500.00
AOA/Month
24000 24000 24000 195104 250000
Wages Low Skilled 75300.00
AOA/Month
77300 77300 79300 55807 79300
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 18.56
percent
18.3 16 15 15 12
Inflation Rate Mom 1.21
percent
1.27 1.27 1.27 1.27 1.3
Consumer Price Index CPI 216.90
Index Points
221 227 234 243 290
Food Inflation 13.40
percent
10.5 9.8 9.5 9 7.5
Cpi Housing Utilities 163.81
Index Points
166 170 174 177 210
CPI Transportation 177.26
Index Points
188 195 198 203 248
Producer Prices 185.94
Index points
188 184 189 211 214
Producer Prices Change 16.29
percent
16 10 8.5 16.41 7.4
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 16.50
percent
16.5 16.5 16 16 14
Interbank Rate 17.14
percent
17.14 17.14 16.64 16.64 14.64
Money Supply M0 1599755.00
AOA Million
1593235 1593235 1593235 1593235 1593235
Deposit Interest Rate 6.33
percent
6.33 6.33 5.83 5.83 3.83
Lending Rate 20.00
percent
20 20 19.5 19.5 17.5
Loans To Banks 577246.00
Million AOA
554820 610764 646308 675580 824676
Loans To Private Sector 3328850.00
Million AOA
3382110 3345047 3306680 3316034 3310704
Money Supply M1 3895511.32
AOA Million
3889027 3898569 3891608 3893228 3893140
Money Supply M2 7350432.91
AOA Million
7489592 7628529 7736252 7816161 8039329
Money Supply M3 7355560.78
AOA Million
6164000 6251000 7753468 7842811 6517000
Foreign Exchange Reserves 3498.40
AOA Billion
3632 3196 3714 3720 3735
Central Bank Balance Sheet 7578.25
AOA Billion
7694 7827 7899 7909 7920
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade 4962.29
USD Million
2231 1287 1525 1212 -237
Exports 8119.72
USD Million
7806 7833 7823 7822 7823
Imports 3157.43
USD Million
5575 5954 6297 6610 8060
Current Account -942.70
USD Million
3994 3714 3065 2416 -4420
Current Account to GDP -0.90
percent
-2 -2 -1 -1 2
Capital Flows -5472.16
USD Million
-8095 -10165 -9088 -8012 6421
Crude Oil Production 1481.00
BBL/D/1K
1446 1450 1448 1448 1448
Gold Reserves 19.13
Tonnes
18.68 18.68 18.68 18.68 18.68
Foreign Direct Investment 8559.00
USD Million
11761 10880 11072 11264 10095
External Debt 43739.10
USD Million
45658 45224 46135 47046 50773
Terrorism Index 0.15
0.18 0.24 0.24 0.23 0.1
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 65.10
percent
57 57 55 55 50
Government Budget -4.90
percent of GDP
-3.5 -3.5 -2.7 -3.97 -3
Government Revenues 3514.50
AOA Million
2644 2662 2594 2526 2187
Fiscal Expenditure 4295.70
AOA Million
3553 3455 3137 2819 1103
Military Expenditure 2371.81
USD Million
3739 3773 3899 4025 3655
Government Spending 3309.85
AOA Million
3293 3383 3422 3422 3662
Government Budget Value -781.20
AOA Million
-909 -458 -544 -294 1084
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Business Confidence -14.00
Index Points
-14.39 -14.8 -14.93 -15.09 -15.06
Industrial Production -2.60
percent
-3.17 -2.26 -2.57 -2.33 -2.51
Industrial Production Mom -2.40
percent
0.62 0.74 -2.01 -0.75 -0.22
Manufacturing Production 17.10
percent
9.37 12.43 11.07 7.65 8.84
Internet Speed 3718.95
KBps
3880 3880 3880 3880 3880
IP Addresses 156892.00
IP
156213 155612 154885 154411 151755
Mining Production -5.50
percent
-7.76 -6.83 -5.59 -5.21 -6.05
Ease of Doing Business 175.00
176 175 175 175 175
Corruption Index 19.00
Points
19 19 19 20 20
Corruption Rank 167.00
165 166 165 165 157
Competitiveness Index 3.03
Points
3.02 3.01 3.01 3.01 3.01
Competitiveness Rank 140.00
140 140 140 140 140
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Bank Lending Rate 22.36
percent
22.36 22.36 21.86 21.86 19.86
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Corporate Tax Rate 30.00
percent
30 30 30 30 30
Personal Income Tax Rate 17.00
percent
17 17 17 17 17
Sales Tax Rate 10.00
percent
10 10 10 10 10
Social Security Rate 11.00
percent
11 11 11 11 11
Social Security Rate For Companies 8.00
percent
8 8 8 8 8
Social Security Rate For Employees 3.00
percent
3 3 3 3 3
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Precipitation 193.26
mm
7.93 123 156 70.33 84.06
Temperature 23.52
celsius
20.67 23.14 22.88 22.43 22.36