The Gross Domestic Product (GDP) in Angola expanded 0.20 percent in the first quarter of 2021 over the previous quarter. source: National Bank of Angola

GDP Growth Rate in Angola averaged 3.45 percent from 2000 until 2021, reaching an all time high of 23.20 percent in the fourth quarter of 2007 and a record low of -8.90 percent in the first quarter of 2015. This page provides the latest reported value for - Angola GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Angola GDP Growth Rate - values, historical data and charts - was last updated on November of 2021.

GDP Growth Rate in Angola is expected to be 0.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Angola GDP Growth Rate is projected to trend around 1.30 percent in 2022 and 0.80 percent in 2023, according to our econometric models.

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Angola GDP Growth Rate

Related Last Previous Unit Reference
GDP Growth Rate -2.40 0.20 percent Jun/21
Angola GDP Growth Rate
Angola is Africa’s second largest oil producer. As such, oil production is the main sector of the economy, accounting for about 47 percent of total GDP, 98 percent of export earnings and 75% of government revenues. Within the non-oil sector, Wholesale and Retail Sales (21 percent of total output) and Agriculture and Fishery (10 percent) are the biggest. Other sectors include: Construction (7.7 percent), Other Sectors (7.2 percent ), Manufacturing (6 percent) and Diamonds (1 percent).