The economy of Angola expanded by 2.6% year-on-year in the first quarter of 2022, following an upwardly revised 2.4% rise in the previous three-month period. It was the fourth consecutive quarter of expansion and at the fastest pace since the last quarter of 2018. The transport sector grew the most (31.3%), namely the airline industry, as a result of the increase in flight frequencies, as well as the entry into operation of new companies. Additionally, the oil sector rose 1.9% in the first quarter, for the first time since 2016, amid higher oil prices and strengthening demand. On the other hand, diamonds & other minerals extraction registered the biggest drop, with a contraction of 28.3%. On a seasonally quarterly basis, the GDP rose 4.3%, the most since the last quarter of 2014. source: Instituto Nacional de Estatística, Angola
GDP Annual Growth Rate in Angola averaged 3.42 percent from 2000 until 2022, reaching an all time high of 23.20 percent in the fourth quarter of 2007 and a record low of -11.80 percent in the fourth quarter of 2015. This page provides - Angola GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Angola GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.
GDP Annual Growth Rate in Angola is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Angola GDP Annual Growth Rate is projected to trend around 3.30 percent in 2023 and 3.20 percent in 2024, according to our econometric models.