Dear subscriber [name],
Please find attached our most recent Flash Note:
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The current account ended 2024 at USD 6.3 Billion (B), an annual increase of around 50.0%, (+USD 2.1B). According to data from Angolan central bank, the value of the current account represents approximately 6.7% of the Gross Domestic Product (GDP).
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The goods account continues to support the positive results of the current balance. In 2024, the goods account recorded a balance of USD 22.6B, which represents a growth of 3.7% compared to 2023, influenced by a decrease in imports of around 5.9% yoy.
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Regarding the other categories that contribute to the current account balance, the primary income (which includes transfers related to interest, profits, and wages) recorded a reduction in the deficit of 11.2%, going from USD 8.6B to USD 7.6B.
Best regards,
BFA
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