Trade Balance in Angola
Angola - Trade BalanceAngola emerged from recession in the final quarter of last year, as ongoing economic reforms and financial support from the IMF finally helped steer the economy into slightly calmer waters. A solid recovery of the construction and commerce sectors largely drove the overall expansion, more than offsetting yet another deterioration in the all-important oil sector where output fell markedly on an annual basis. Turning to this year, incoming data for the first quarter has been mixed thus far. Tumbling oil production in Q1 appears to have more than offset gains from higher global oil prices, which likely also curbed exports growth. On a more positive note, domestic demand strengthened in Q1 as a more accommodative monetary policy environment, moderating inflation and a more stable kwanza boosted consumer demand and investment activity.
Angola - Trade Balance Data
|Trade Balance (USD billion)||41.9||30.6||12.5||14.5||20.4|
5 years of economic forecasts for more than 30 economic indicators.
Angola Trade Balance Chart
Source: Central Bank of Angola
|Exchange Rate||338.9||0.0 %||Jun 13|
|Stock Market||0.1||0.0 %||Jun 13|
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June 13, 2019
Consumer prices in the province of Luanda rose 1.1% in May from the previous month, unchanged from April’s reading.
June 12, 2019
The economic climate indicator (ICE, Indicador de Clima Económico) published by the Statistical Institute improved from minus 12 points in Q4 2018 to minus 9 points in Q1 2019.
May 24, 2019
At its meeting on 24 May, the Monetary Policy Committee (MPC) of the National Bank of Angola (BNA) cut its the key policy rate by 25 basis points to 15.50%, the lowest since May 2016.
Angola: Cabinda crude oil prices surge to six-month high in April amid a slight rebound in Angola’s output
May 17, 2019
The average price of Angola’s Cabinda crude oil rose from USD 66.8 per barrel (pb) in March to a six-month high of USD 72.2 pb in April.
May 14, 2019
According to the Statistical Institute (Instituto Nacional de Estadística), consumer prices in the province of Luanda rose 1.1% in April from the previous month, down slightly from March’s 1.2% increase.