Ver Angola


Government creates Observatory for the Informal Economy

The Government created an Observatory of the Informal Economy (OEI) to support the process of formalizing the economy, a consultative body that is not integrated into the public administration.


According to the executive decree of the Ministry of Economy and Planning that stipulates the functioning of the entity, the OEI will be responsible for reinforcing the social dialogue and the debate with the main social actors and economic agents for the formalization of the economy, preparing opinions, proposing studies on the sector, participate in the appraisal of the executive's policies regarding the formalization of the economy, among other competences.

It will be composed of 40 members, representatives of public or private sectors, of which 17 will come from public bodies, services and bodies.

The remaining entities are business associations, academic institutions, development partners, non-governmental organizations, entities and organizations in the informal economy and trade union associations and professional bodies.

The OEI meets every two months and extraordinarily at the request of one third of its members.

According to the latest data from the National Institute of Statistics of Angola, for the last quarter of 2021, more than 80 percent of people employed in Angola are in the informal sector (8,788,236 people), of which 71.5 percent are men. (3,863,781 people) and 89.8 percent women (4,924,456 people).

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