Angola’s Gross Domestic Product (GDP) grew by 4.4% in 2024 compared to the previous year, according to preliminary data released by the Angolan National Institute of Statistics (INE).
According to the Quick Information Sheet on the quarterly accounts for Q4, this positive variation is mainly attributed to activities in Diamond Extraction, Metallic Minerals, and others (44.8%); Transport and Storage (10.4%); Fishing (12.2%); Electricity and Water (6.5%); Trade (4.6%); Other Services (4.9%); Public Administration, Defense, and Mandatory Social Security (4.3%); Agriculture (3.5%); and Oil Extraction and Refining (2.8%).
Year-on-year GDP grew by 3.6% in the fourth quarter compared to the previous quarter, according to INE.
The activities that contributed the most in terms of participation and were key factors in GDP performance in Q4 2024 were Oil and Natural Gas Extraction and Refining, with 23.8%; Trade, with 22.1%; followed by Manufacturing Industry Products, with 10.6%; Agriculture and Forestry, with 9.1%; Fishing, with 8.4%; and Other Services, with 8.2%.
Gross Domestic Product in the fourth quarter of 2024 totaled 23,025,128 million kwanzas (23 billion euros), with 259,451 million kwanzas (268 million euros) corresponding to Taxes on Products net of Subsidies.
Lusa
