The economy of Angola contracted 3.4% year-on-year in the first quarter of 2021, the seventh consecutive quarter of falling economic activity. Decreases were seen in construction (-31.5%); extraction & refining of petroleum (-18.6%); transport & storage (-15.6%); financial intermediation services (-9.9%); and postal & telecommunications (-5.8%). Compared with the previous period, the economy advanced 0.2%. source: Instituto Nacional de Estatística, Angola
GDP Annual Growth Rate in Angola averaged 3.49 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 -12.30 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 - values, historical data and charts - was last updated on July of 2021.
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. Looking forward, we estimate GDP Annual Growth Rate in Angola to stand at 2.50 in 12 months time. In the long-term, the Angola GDP Annual Growth Rate is projected to trend around 3.00 percent in 2022 and 3.50 percent in 2023, according to our econometric models.