Angola GDP Annual Growth Rate

Last Release

Mar 31, 2024

Actual

0.02

Units In

0.3

Frequency

Quarterly

Next Release

Aug 30, 2025

Time to Release

2 Months 25 Days 1 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 economy of Angola expanded by 3.5% year-on-year in Q1 2025, accelerating from a revised 2.6% growth in the prior three-month period, mainly fueled by a 51.4% surge in mineral extraction, particularly diamonds, which account for over 90% of the sector’s output. Other key contributors included the postal and telecommunications sector (+26.7%), public administration, defense, and social security (+14%), and trade (+10.4%). On the other hand, the oil sector, which remains the country’s main export source, registered a decline of 4.4%, due to lower oil production. On a quarterly basis, the GDP advanced by 2.3% in Q1, after a revised 0.3% decrease in the previous period.