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Laboratoire de la finance africaine

Angola

Preview 2018
Projected Real GDP Growth (% Change) : 2.8
GDP (current, USD Bn) : 105.80
Projected Consumer Prices (% Change) : 17.5
Country Population : 31.0 million
Economic performance and outlook

Angola continues to face a challenging macroeconomic environment since the sharp drop in oil prices in 2014. A real GDP contraction of 0.1% is estimated for 2019, indicating that the recession has not yet ended. Even so, there are signs of recovery, and growth of 2.8% is predicted for 2020. The oil price shock of 2014 reduced oil revenues from 35.3% of GDP to 17.5% in 2017, leaving an estimated fiscal deficit of 0.1% of GDP in 2019. The value-added tax adopted in 2019 should broaden the tax base and reduce government dependency on oil-related revenues.

(Download detailed Analysis Source : Report African Economic Outlook 2020 ; AfDB)

Financial markets

Credit distributed to private sector in 2016 represents $ 19 billion.