Ver Angola


Economy grew 2.6 percent in the first quarter of 2022

The Angolan economy grew by 2.6 percent in the first quarter of 2022, a variation of two tenths more than the same quarter of the previous year, according to the quarterly accounts presented by the National Statistics Institute (INE).

: Ampe Rogério
Ampe Rogério  

This rate is 5.6 points lower than the estimate for the fourth quarter of 2021 and two points higher than the fourth quarter of 2021.

Final consumption spending increased by 6.4 percent compared to the same quarter in 2021.

Household final consumption expenditure registered an inter-annual rate of 5.0 percent, seven percentage points less than in the previous quarter, while general government final consumption expenditure slowed down by 14.2 points, showing an inter-annual variation of 4, 4 percent.

Exports of goods and services showed a variation of 3.4 percent in relation to the first quarter of 2021 and imports varied 26.1 percent in relation to the same quarter of the previous year. In turn, external demand contributed -2 ​​percentage points, 4.8 points above the previous quarter.

INE justifies the delay in the publication, which should have taken place on 30 June, but was published on 31 August, with the fact that it is still in an experimental phase, since it is the first time that the quarterly Gross Domestic Product is calculated from an expense perspective.

The institute says that the economic effects of the covid-19 pandemic are evident in the aggregates of Angola's National Accounts since the first quarter of 2020.

To these effects are added, according to the same document, in the "first quarter of 2022, those caused by the recent international crisis resulting from the conflict in Ukraine, with very significant distortions of a different nature".


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