In the information on External Statistics for the first quarter of 2024, the National Bank of Angola (BNA) indicates a slight increase compared to the same period last year, when the stock of international reserves was just over 14 billion dollars.
Comparing with the last three months of 2023, there is a decrease compared to the value reported at the time, of 14.7 billion dollars.
The BNA also announced that the country recorded, in the period under review, a current account surplus, standing at 1.5 billion dollars, equivalent to 6.2 percent of the Gross Domestic Product (GDP) and a increase of 19.5 percent compared to the last three months of last year.
According to the central bank, this was mainly due to the reduction in the deficit balance of income, by 38.0 percent, of services, by 0.7 percent, and of current transfers, by 6.9 percent, "not despite having observed a contraction in the balance of the assets account of around 11.5 percent".
With regard to the capital and financial account, the record of transfers by migrants between countries and direct, portfolio and other investments, recorded a deficit of just over a billion dollars, "justified mainly by the performance of medium and long term".
The document highlights that in the last quarter of 2023, the deficit was 686.6 million dollars.
External statistics from the first quarter of the current year show, in relation to the position of international investment, that there was a reduction in its deficit of around 292.4 million dollars, mainly as a result of the reduction in liabilities with non-residents.
