Compared to the figures for the same period last year, the diamond sector represents the industry with the highest growth, growing more than 40 percent: "Gross Added Value of Diamonds grew by 40.3 percent in the second quarter of 2022 compared to the same quarter, contributing positively by 0.79 percentage points to the total change in GDP", reads the note released in Luanda.
"The incorporation of carats from semi-industrial production and the increase in production from the various concessions, due to favorable weather conditions, justify the exponential growth in the period in question", the text adds.
Conversely, the Financial Intermediation and Insurance sector recorded the biggest drop, with a 38.8 percent reduction in activity: "The Gross Value Added of Financial Intermediation and Insurance had a retraction of around 38.8 percent , in the second quarter of 2022 compared to the same quarter of the previous year, contributing negatively by 0.79 percentage points to the total change in GDP", according to the note, which explains that "the change in this financial intermediation activity was due to the fall in of the income of commercial banks, since it has greater weight within the activity segment".
In the press release on the Quick Sheet of Quarterly National Accounts, INE also reports a growth of 3.2 percent in the first six months, noting a growth of 3.2 percent compared to the first half of last year.
This positive variation is mainly attributed to the Agriculture and Forestry activities 3.3 percent; Oil and Rufino Extraction 2.2 percent; Manufacturing Industry 2.6 percent; Electricity and Water 2.4 percent; Construction 6.0 percent; Transport and Storage 32.0 percent; Public Administration 5.6 percent and Real Estate and Rental Services 2.9 percent and Other Services 3.8 percent", the text points out.
The Minister of State for Economic Coordination, Manuel Nunes Júnior, considered last week that the country has entered a growth trajectory in 2021 with growth of 0.7 percent, after five consecutive years of economic recession, in a process driven by the non-oil sector, which registered growth of 6.4 percent against a growth of less than 11.6 percent in the oil sector.
Speaking at the closing ceremony of the session for the admission to trading of Banco Caixa Geral Angola (BCGA) shares on the stock market, the official also said that the economic growth prospects for 2022 are good: "We will remain in an environment of growth sustainable and inclusive economy", he guaranteed.
"We expect global growth of 2.7 percent supported by a 3.2 percent growth in the non-oil sector, including gas, of 2.1 percent," concluded Manuel Nunes Júnior.
