The information note on External Statistics for 2022 by the National Bank of Angola (BNA), concerning the balance of payments, mentions that the increase in exports of goods, mainly crude oil, due to the recovery in the price of Angolan raw materials by 43.9 percent, contributed to this favorable current account performance, notwithstanding an increase in imports of goods and services and a worsening of the primary and secondary income deficit.
On the other hand, the capital and financial account registered a worsening of the deficit, by 49.4 percent, from 5.3 billion dollars in 2021 to 7.9 billion dollars in 2022, mainly due to by foreign direct investment flows.
Under the international investment position heading, the BNA note stresses that the net international investment position recorded an improvement in its deficit by 9 billion dollars in 2022, as a result of the increase in financial assets, as well as the reduction in non-recurring liabilities residents.
Of the main financial assets that Angola holds, stresses the Angolan central bank, reserve assets stand out, whose 'stock' stood at 14.5 billion dollars at the end of 2022, equivalent to six months of goods imported and services, against 15.5 billion dollars in 2021.
