Markets Actual Q2 Q3 Q4 Q1 2022
Currency 645.53 652 659 665 672 686

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 0.60 -2 0.8 1.2 0.6 -0.4
GDP Annual Growth Rate (%) -5.40 6 1.5 0.7 1.4 2.5
Unemployment Rate (%) 30.50 30.8 32 32.2 32.4 33
Inflation Rate (%) 24.94 27 25 19.7 16 12
Inflation Rate Mom (%) 2.03 2.1 1.7 1.7 1.4 1.6
Interest Rate (%) 15.50 15.5 15 15 15 15
Balance of Trade (USD Million) 3140.90 3900 4720 7100 5600 5300
Current Account (USD Million) -133.50 1000 1000 1000 2100 2100
Current Account to GDP (% of GDP) 1.50 0.7 0.7 0.7 0.4 0.4
Government Debt to GDP (% of GDP) 120.00 115 115 115 108 108
Government Budget (% of GDP) -2.50 -0.7 -0.7 -0.7 -0.4 -0.4
Business Confidence (points) -9.00 -15 -10 -8 -4 -6
Corporate Tax Rate (%) 25.00 30 30 30 30 30
Personal Income Tax Rate (%) 25.00 17 17 17 17 17

GDP Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 0.60 -2 0.8 1.2 0.6 -0.4
GDP Annual Growth Rate (%) -5.40 6 1.5 0.7 1.4 2.5
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 6000 6000 6000 6000 6300
Gdp Constant Prices (AOA Million) 363914.00 407000 407000 410000 410000 410000
GDP From Agriculture (AOA Million) 19271.00 19269 19022 18872 19003 19344
GDP From Construction (AOA Million) 26089.00 34429 28681 28455 28653 29166
GDP From Manufacturing (AOA Million) 17222.00 17140 18521 18375 18502 18834
GDP From Mining (AOA Million) 7006.00 6871 5804 5758 5798 5902
GDP From Public Administration (AOA Million) 28736.00 30919 30081 29843 30051 30590
GDP From Services (AOA Million) 60129.00 51914 55014 54580 54960 55945
GDP From Transport (AOA Million) 8744.00 1884 1840 1826 1838 1871
GDP From Utilities (AOA Million) 3706.00 4038 3837 3806 3833 3902

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 30.50 30.8 32 32.2 32.4 33
Minimum Wages (AOA/Month) 21454.10 21454 21454 21454 21454 21454
Population (Million) 31.82 33.6 33.6 33.78 33.78 34.77
Labor Force Participation Rate (%) 90.10 90.2 90.5 90.7 91 91.4
Employed Persons (Thousands) 10821.20 10500 10800 11200 10870 10800
Employment Rate (%) 62.60 62.4 60.8 61 61.3 61
Youth Unemployment Rate (Percent) 55.30 53 56 55.6 57.2 57.8
Unemployed Persons (Thousands) 4744.20 4800 5100 4840 4700 4920

Prices Actual Q2 Q3 Q4 Q1 2022
Inflation Rate (%) 24.94 27 25 19.7 16 12
Inflation Rate Mom (%) 2.03 2.1 1.7 1.7 1.4 1.6
Consumer Price Index CPI (points) 109.80 114 118 120 122 134
Producer Prices (points) 322.69 338 351 366 385 432
Producer Prices Change (%) 28.95 29.7 26.7 24 22 18
Cpi Housing Utilities (points) 334.38 380 400 425 425 425
CPI Transportation (points) 262.12 275 285 287 290 321

Money Actual Q2 Q3 Q4 Q1 2022
Interest Rate (%) 15.50 15.5 15 15 15 15
Interbank Rate (%) 15.14 14.03 13.53 13.53 13.53 13.53
Deposit Interest Rate (%) 6.42 6.42 5.92 5.92 5.92 5.92
Lending Rate (%) 19.88 19.88 19.38 19.38 19.38 19.38
Loans To Banks (Million AOA) 1433161.30 818000 825000 806000 780000 810000
Loans To Private Sector (Million AOA) 4341585.87 4126977 3969580 4159385 4225116 4263369
Money Supply M1 (AOA Million) 6235646.74 6400000 6050000 5700000 5350000 5150000
Money Supply M2 (AOA Million) 12634790.05 12200000 11800000 11650000 10800000 10350000
Money Supply M3 (AOA Million) 12639798.71 12800000 12200000 11800000 11500000 11000000
Foreign Exchange Reserves (USD Million) 7984.72 8600 8800 8710 8800 9200
Cash Reserve Ratio (%) 22.00 22 22 22 22 24
Central Bank Balance Sheet (AOA Billion) 13522.80 14100 13700 14300 13650 14500

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (USD Million) 3140.90 3900 4720 7100 5600 5300
Current Account (USD Million) -133.50 1000 1000 1000 2100 2100
Current Account to GDP (% of GDP) 1.50 0.7 0.7 0.7 0.4 0.4
Imports (USD Million) 2626.20 2280 2600 2800 3200 3400
Exports (USD Million) 5767.10 7000 8200 8400 8500 8700
Capital Flows (USD Million) -2083.20 -1600 -1600 -1600 -1300 -1300
Crude Oil Production (BBL/D/1K) 1125.00 1470 1470 1510 1510 1470
Foreign Direct Investment (USD Million) 2586.90 3100 3100 3100 4000 4000
External Debt (USD Million) 48797.00 49100 49100 49100 50000 50000

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (% of GDP) 120.00 115 115 115 108 108
Government Budget (% of GDP) -2.50 -0.7 -0.7 -0.7 -0.4 -0.4
Government Revenues (AOA Billion) 5986.10 5300 5300 5300 5500 5500
Fiscal Expenditure (AOA Billion) 5980.00 5700 5700 5700 5400 5400
Government Spending (AOA Billion) 4956.30 5254 5031 4991 5026 5116
Government Budget Value (AOA Billion) 6.10 -400 -400 -2564 -400 100
Military Expenditure (USD Million) 1301.00 2000 2000 2000 2000 1800

Taxes Actual Q2 Q3 Q4 Q1 2022
Corporate Tax Rate (%) 25.00 30 30 30 30 30
Personal Income Tax Rate (%) 25.00 17 17 17 17 17
Sales Tax Rate (%) 14.00 10 14 10 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 Q2 Q3 Q4 Q1 2022
Business Confidence (points) -9.00 -15 -10 -8 -4 -6
Industrial Production (%) -1.71 -0.9 1.6 2 1.3 1.5
Industrial Production Mom (%) -2.80 -2.2 0.6 1.2 -0.6 -1.2
Manufacturing Production (%) 18.50 4 2.8 3 1.9 2.8
Mining Production (%) -4.90 2.2 -1.8 2 1.2 1.3

Consumer Actual Q2 Q3 Q4 Q1 2022
Bank Lending Rate (%) 13.44 13.44 12.94 12.94 12.94 12.94


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.