The Angolan GDP grew 0.7% year-on-year in 2021, after five consecutive years of recession that began in 2016, helped by higher oil prices. The government predicts a 2.4% expansion in 2022, with the non-oil sector growing by around 3.1% and the oil sector by 1.6%.
Full Year GDP Growth in Angola averaged 0.04 percent from 2013 until 2021, reaching an all time high of 5 percent in 2013 and a record low of -5.60 percent in 2020. This page includes a chart with historical data for Angola Full Year Gdp Growth. Angola Full Year GDP Growth - data, historical chart, forecasts and calendar of releases - was last updated on October of 2022.
Full Year GDP Growth in Angola is expected to reach 2.40 percent by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Angola Full Year Gdp Growth is projected to trend around 2.70 percent in 2023 and 3.00 percent in 2024, according to our econometric models.