Angola's gross domestic product recorded real growth of 8.74% in the second quarter of 2026 compared with the same period of 2025, driven by the non-petroleum sector, according to quarterly national accounts released on Friday (28).
The largest gains were recorded in the services and industry sectors, with the non-oil sector expanding 9.24% and the petroleum sector growing 5.64%, according to a flash data sheet published by the National Statistics Institute (INE). Compared with the first quarter of 2026, the national economy grew 2.75%.
According to INE, GDP in the second quarter of 2026 stood at €40.88 billion, while net taxes on products less subsidies recorded a negative value of €140.36 million.
The largest contribution to national output came from Agriculture, Livestock and Forestry, at €13.99 billion, followed by Trade and Repair at €6.60 billion, Oil Extraction and Refining at €6.56 billion, and Public Administration, Defence and Social Security at €3.67 billion.
The largest quarter-on-quarter GDP variations in Q2 2026 relative to Q1 were recorded in Accommodation and Food Services at 10.33%, Manufacturing Products at 6.10%, Other Services at 4.61%, and Electricity, Water and Sanitation Production at 3.50%. INE also noted an increase in subsidies and taxes on products of 114.61% and 7.53%, respectively, while all other economic activities posted variations below 3%.
The data show that the activities contributing most positively to the quarter-on-quarter variation were Manufacturing Products at 0.54 percentage points (pp), Other Services at 0.45 pp, Trade and Vehicle Repair at 0.42 pp, Oil Extraction and Refining at 0.38 pp, and Construction at 0.33 pp.
Among the activities posting the highest year-on-year variation, Diamond Extraction led with 16.46%, followed by Information and Communication at 14.30%, Accommodation and Food Services at 12.59%, Manufacturing Products at 12.22%, and Financial and Insurance Intermediation at 11.83%. Angola's national accounts also recorded increases of 116.26% and 37% in subsidies and taxes, respectively.
"According to INE, GDP in the second quarter of 2026 stood at €40.88 billion, while net taxes on products less subsidies recorded a negative value of €140.36 million."
The activities contributing most positively to the year-on-year GDP variation in Q2 2026 were Trade and Vehicle Repair at 1.67 pp, Manufacturing Products at 1.48 pp, Oil Extraction and Refining at 1.03 pp, Information and Communication at 1.02 pp, and Agriculture and Livestock at 1.00 pp.
INE data further show that cumulative GDP growth for 2026 reached 7.15% compared with the same period of 2025.
The activities recording the largest cumulative variations were Information and Communication at 19.71%, Transport and Storage at 14.17%, Diamond Extraction at 10.13%, and Manufacturing Products at 9.72%.
The four-quarter rolling GDP figure grew 5.4% relative to the equivalent prior-year period.
Source: Diário Económico
Original article: https://www.diarioeconomico.co.mz/?p=535123
