- 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.
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