Fiscal Balance in Angola

Angola Fiscal Balance | Economic News & Forecasts

Angola - Fiscal Balance

Preliminary national accounts data revealed that the economy remained stuck in recession in the third quarter of 2018, as GDP shrank 1.6% annually amid a broad-based deterioration in economic activity. The country’s all-important oil sector posted yet another contraction in Q3, while the other key sectors—including agriculture, trade, construction and the production of diamonds and other minerals—also shrunk in the quarter. Meanwhile, available data suggests dynamics remained disappointing in the fourth quarter of 2018. Oil production fell in December from the previous month which, coupled with plummeting global oil prices, signaled another deterioration in the country’s vital sector. In addition, inflationary pressures intensified slightly at the end of Q4, following a prolonged downward trend, likely taking a bite out of private consumption growth.

Angola - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)0.3  -6.6  -3.3  -4.5  -5.3  

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Angola Fiscal Balance Chart

Angola Fiscal
Note: General government balance as % of GDP
Source: Finance Ministry of Angola

Angola Facts

Exchange Rate311.50.0 %Jan 30
Stock Market0.10.0 %Jan 30

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