Flash Note

Dear subscriber [name],

We are sending our most recent Flash Note.


  • In the 1st Quarter of 2021, the Angolan GDP contracted 3.4% compared to the same period of the previous year – a milder decrease compared to -5.5% in the last quarter of 2020;

  • The Retail sector (the largest component of GDP after oil) recorded a very expressive year-on-year growth (+29.6% yoy), the 4th consecutive quarter of increase;

  • Compared to the same quarter of 2019, before any impact of the pandemic, there are 4 sectors with activity still lower than usual: Construction (with only 68% of GDP in Q1 2019), Transport (74%), Oil (79%), and Financial Intermediation (89%).

Best regards,

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