Markets Actual Q1 Q2 Q3 Q4 2020
Currency 491.54 482 487 492 497 507
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) -0.80 0.6 0.8 1 1.2 2.1
Unemployment Rate (%) 30.70 25 27 25 22 22
Inflation Rate (%) 16.90 17.5 16.3 18 22 15
Inflation Rate Mom (%) 1.91 0.6 0.9 1.2 1.2 0.8
Interest Rate (%) 15.50 15.5 16.5 17.5 18.5 20
Balance of Trade (USD Million) 4933.00 4410 5100 6500 5450 5720
Current Account (USD Million) 1894.10 -1300 -1300 -1300 -1300 -1000
Current Account to GDP (%) 7.00 -1.7 -1.7 -1.7 -1.7 -1.3
Government Debt to GDP (%) 80.50 77 77 77 77 64
Government Budget (% of GDP) -2.80 1.2 1.2 1.2 1.2 1.4
Business Confidence (points) -7.00 -6 -2 -12 -7 -5.2
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 2020
GDP Annual Growth Rate (%) -0.80 0.6 0.8 1 1.2 2.1
GDP (USD Billion) 105.75 110 110 110 110 114
GDP per capita (USD) 3229.60 3300 3300 3300 3300 3325
GDP per capita PPP (USD) 5725.33 6000 6000 6000 6000 6130
Gdp Constant Prices (AOA Million) 394217.00 385000 360000 403000 407000 410000
GDP From Agriculture (AOA Million) 19019.00 16701 21495 19209 19247 19651
GDP From Construction (AOA Million) 46962.00 44721 28042 47432 47526 48524
GDP From Manufacturing (AOA Million) 16729.00 14995 15032 16896 16930 17285
GDP From Mining (AOA Million) 7292.00 6630 7013 7365 7380 7534
GDP From Public Administration (AOA Million) 34820.00 30369 23105 35168 35238 35978
GDP From Services (AOA Million) 48150.00 57352 46818 48632 48728 49751
GDP From Transport (AOA Million) 11629.00 9741 9973 11745 11769 12016
GDP From Utilities (AOA Million) 3350.00 3870 3648 3384 3390 3461
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 30.70 25 27 25 22 22
Minimum Wages (AOA/Month) 21454.10 21454 21454 21454 21454 22000
Population (Million) 30.81 32.8 32.8 32.8 32.79 33.78
Wages High Skilled (AOA/Month) 211500.00 24000 24000 24000 250000 26000
Wages Low Skilled (AOA/Month) 47400.00 77300 77300 77300 79300 82300
Youth Unemployment Rate (Percent) 56.10 52 52 51.7 51.7 50.4
Labor Force Participation Rate (%) 86.60 86.3 86.5 86.7 87 87.3
Living Wage Family (AOA/Month) 149400.00 145400 145400 145400 155400 169400
Employment Rate (%) 60.00 61.4 61.7 60.5 61.2 62
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 16.90 17.5 16.3 18 22 15
Inflation Rate Mom (%) 1.91 0.6 0.9 1.2 1.2 0.8
Consumer Price Index CPI (points) 271.22 281 288 305 325 373
Producer Prices (points) 232.79 241 250 260 269 317
Producer Prices Change (%) 18.92 18.5 18 17.3 17.4 18
Cpi Housing Utilities (points) 277.25 365 365 365 400 450
CPI Transportation (points) 197.63 216 217 230 241 277
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 15.50 15.5 16.5 17.5 18.5 20
Interbank Rate (%) 19.66 18.66 19.66 20.66 21.66 23.16
Deposit Interest Rate (%) 6.88 5.88 6.88 7.88 8.88 10.38
Lending Rate (%) 10.00 9 10 11 12 13.5
Loans To Banks (Million AOA) 972027.19 743000 743000 820000 820000 809725
Loans To Private Sector (Million AOA) 4346343.02 3651397 3862733 4039629 4398499 4490868
Money Supply M1 (AOA Million) 4939353.97 3865966 3900000 3900000 3900000 3861507
Money Supply M2 (AOA Million) 10214346.47 8361135 8450000 8450000 8450000 8899851
Money Supply M3 (AOA Million) 10219092.44 6342000 8400000 8400000 6517000 6517000
Foreign Exchange Reserves (AOA Billion) 5708.46 6200 5300 4200 4400 4500
Central Bank Balance Sheet (AOA Billion) 11987.80 11500 12000 12400 12700 13100
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (USD Million) 4933.00 4410 5100 6500 5450 5720
Current Account (USD Million) 1894.10 -1300 -1300 -1300 -1300 -1000
Current Account to GDP (%) 7.00 -1.7 -1.7 -1.7 -1.7 -1.3
Imports (USD Million) 3207.90 4590 5350 4100 4600 4780
Exports (USD Million) 8140.90 9000 10450 10600 10050 10500
Capital Flows (USD Million) -1296.90 -9400 -9400 -9400 -9400 -700
Crude Oil Production (BBL/D/1K) 1273.00 1240 1360 1380 1400 1450
Foreign Direct Investment (USD Million) 6245.65 8000 8000 8000 8000 7500
External Debt (USD Million) 47553.80 48500 47311 47311 47311 46900
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 80.50 77 77 77 77 64
Government Budget (% of GDP) -2.80 1.2 1.2 1.2 1.2 1.4
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 3824 3828 3851 3859 3940
Government Budget Value (AOA Billion) -1139.90 -2650 -2650 -2650 -2650 -2564
Taxes Actual Q1 Q2 Q3 Q4 2020
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 Q1 Q2 Q3 Q4 2020
Business Confidence (points) -7.00 -6 -2 -12 -7 -5.2
Industrial Production (%) -3.20 -2.6 -0.5 -2.8 -5 -1.3
Industrial Production Mom (%) -3.40 -2 -2.5 0.7 0.3 -1.8
Manufacturing Production (%) 14.90 -8 10 2 2.2 4.1
Mining Production (%) -7.80 -5.1 -4 -2.6 -3.7 -4.1
Consumer Actual Q1 Q2 Q3 Q4 2020
Bank Lending Rate (%) 19.76 18.76 19.76 20.76 21.76 23.26


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.