Angola’s Economy Posts Robust Growth in 2024 Amid Inflationary Pressures

• Angola’s economy expanded by 4.7% in Q3 2024, supported by oil and non-oil sectors.
• Inflation remains a key concern, projected to drop to 17.5% in 2025.

Luanda, Angola – Angola’s economy recorded a strong performance in 2024, with GDP growth reaching 4.7% in the third quarter and 5.5% year-on-year, according to the National Bank of Angola’s (BNA) Monetary Policy Committee (MPC). Growth was driven by a combination of oil and non-oil sector activity, with projections of 4.4% GDP expansion for the full year.