Flash Note Nº 1/2025

Dear subscriber [name],

Please find attached our most recent Flash Note:

In 2024, the GDP of the Angolan economy grew by 4.4% in annual terms (+3.3pp compared to growth in the previous year) and representing the highest annual growth since 2014;
In the fourth quarter of the year, the economy grew 3.6% yoy, a slowdown from the 5.5% rise in Q3 2024. The oil sector contracted again after 4 months in positive territory, falling 0.8% yoy;
For the whole year, the performance of the general level of non-oil activity was quite positive, except for a single sector that contracted.

Despite the expansion of economic activity, 2024 was a challenging year, especially on the demand side, due to factors such as high inflation and high unemployment.

Best regards,
BFA

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