Ver Angola

Economy

Angola recorded a 5.11 percent increase in food imports in 2024

The central bank announced this Tuesday that, in 2024, the import of food goods grew by 5.11 percent, compared to 2023, corresponding to the amount of 99.6 million dollars.

: Ampe Rogério/Lusa
Ampe Rogério/Lusa  

According to the final statement of the 121st meeting of the Monetary Policy Committee of the National Bank of Angola (BNA), last year there was also growth in the import of essential consumer goods, by 11.98 percent, corresponding to 100.7 million dollars.

In turn, exports reduced by 1.83 percent, that is, 676.4 million dollars, going from 36.8 billion dollars to 36.2 billion dollars, explained essentially by the decrease in oil prices.

In cumulative terms, in 2024, the balance of the goods account reached 22 billion dollars, compared to 21.8 billion dollars in the same period last year, representing an increase of 1.00 percent.

"The increase in the goods account surplus, in annual terms, was essentially due to the reduction in imports by 5.93 percent, or 894.6 million dollars, from 15 billion dollars to 14,1 billion dollars", the statement highlights.

For 2025, the regulator projected a 3.5 percent growth in Gross Domestic Product (GDP), driven by the non-oil sector, which could grow 4.24 percent, supported by increased domestic demand and net exports.

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