Flash Note

Dear subscriber [name],

We are sending our most recent Flash Note.

Highlights:

In the fourth quarter of 2022, the unemployment rate fell by 3.3 percentage points (pp) compared to the same quarter of 2021, settling at 29.6%, the lowest rate since 2Q 2019;
Sectorial data show that the sectors that most contributed to employment growth were Trade, Transport & Accommodation, Construction, and other sectors;
The informality of the Angolan economy remains very relevant - in the 4th quarter of the current year, the number of people employed in the informal market increased by 614.0 thousand (+7.0%yoy) to 9.4 million, representing approximately 80% of the total number of employees in Angola;
Our forecast is that the situation in the labor market will continue to improve, with the unemployment rate standing at between 28-29%, below the minimum of 29.0% recorded at the beginning of the statistical series, in the 2Q 2019.

Best regards,
BFA

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