Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

In Q1 2021, the Angolan GDP contracted 3.4% compared to the same period of the previous year - its 7th consecutive quarter of decline;
The non-oil economy likely expanded for the first time since Q42019, with our calculations pointing to a growth of around 3.8% (the highest since Q42018);
In the first half of 2021, oil exports saw a year-on-year decline of 16.94%, representing an average of 1.14 million barrels per day (mbd);
In June, inflation continued to accelerate, standing at 25.32% (the highest value since October 2017).

Best regards,
BFA

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