Ver Angola


BNA: Angola's current account balance remains positive despite decreasing trend

The current account balance remained in surplus in the country in the second quarter of the year, equivalent to 0.4 percent of GDP, despite the downward trend compared to the previous three months and the same period, according to the National Bank of Angola (BNA).


According to information on external statistics released by the BNA, the current account was 102 million dollars in the second quarter of this year, compared to 338 million dollars recorded in the previous quarter and 3493 million dollars in the same period last year.

"The behavior of the current account was influenced by the fall in the balance of the goods account in relation to the previous quarter, due to the reduction in export revenues and the improvement in the deficit balances of the services accounts and current transfers, despite the deterioration of the balance of primary income", indicates the BNA.

As for the capital and financial account, there was a deficit of almost 57 million dollars compared to that recorded in the previous quarter, justified, fundamentally, by the balance of medium and long-term capital (public external debt).

The net position of international investment registered a slight worsening of its deficit in the order of one billion dollars, as a result of the reduction in assets with non-residents, although there was also a reduction in financial liabilities, according to the BNA.

The stock of international reserves in this period stood at 13,638 million dollars, corresponding to covering 7.4 months of imports of goods and services.


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