Angola GDP Annual Growth Rate

Last Release

Mar 31, 2024

Actual

0.02

Units In

0.3

Frequency

Quarterly

Next Release

Nov 30, 2025

Time to Release

2 Months 25 Days 10 Hours

Highest	Lowest	Average	Date Range	Source
23.2 Dec 2007	-11.8 Dec 2015	3.27 %	2000-2024	Instituto Nacional de Estatística, Angola

Angola is Africa’s second largest oil producer. As such, oil sector accounts for about 47 percent of total GDP, 98 percent of export earnings and 75 percent of government revenues. Within the non-oil sector the biggest share goes to: wholesale and retail sales (21 percent of total output), agriculture and fishery (10 percent), construction (7.7 percent) and manufacturing (6 percent).

Latest Updates

The annual economic growth in Angola decelerated to 1.1% in Q2 2025 from an upwardly revised 3.7% in the previous three-month period. This was the slowest economic expansion in the ongoing period of growth that began in Q1 2024, driven by the non-oil sector (+3.4%). The information and communication sector was a standout performer, growing 38.1% and contributing 0.59 percentage points to GDP growth due to changes in estimation methods and increased revenue. Other sectors with significant growth included accommodation and food services (8%), commerce (6.5%), manufacturing (5.2%), and diamond and metallic mineral extraction (6.8%). Meanwhile, the oil sector experienced an 8.65% contraction, marking its poorest performance since 2021, as average daily production slumped to its lowest since March 2023. On a quarterly basis, the GDP was almost flat in Q2, after an upwardly revised 2.4% rise in the previous period.