Flash Note Nº 15

Dear subscriber [name],

Please find attached our most recent Flash Note

Highlights:

The current account balance in the second quarter of 2024 registered a significant increase compared to the same period last year, from USD 122.7 Million (M) to USD 1.5 Billion (B);
The goods account recorded a balance of USD 5.9B in Q2, an increase of 3% compared to the previous quarter, supported above all by the reduction in imports of services by 16% and the increase in oil exports by 3%;
Regarding the Financial Account, Angola posted a deficit of around USD 1.2M in Q2, which compares with a deficit of around USD 1.1M in the previous quarter;
In total, according to BNA figures, the Balance of Payments posted a surplus of around USD 323M in Q2, a reduction compared to the USD 431M recorded in the same period of the previous year. The Balance accumulates a balance of USD 842M between January and June 2024.

Best regards,
BFA

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