Africa-Press – Angola. Angola’s Gross Domestic Product (GDP) grew 4.4% in 2024 compared to the previous year, according to preliminary data released by the Angolan National Institute of Statistics.
According to the Quick Information Sheet on the quarterly accounts for the fourth quarter, this positive variation is mainly attributed to the activities of Diamond extraction, Metallic minerals and others (44.8%); Transport and storage (10.4%); Fishing (12.2%); Electricity and water (6.5%); Trade (4.6%); Other services (4.9%); Public Administration, Defense and Mandatory Social Security (4.3%), Agriculture (3.5%) and Oil extraction and refining (2.8%)
Year-on-year GDP grew 3.6% in the fourth quarter compared to the previous quarter, according to the INE.
The activities that contributed the most, in terms of participation, and constituted important factors for the performance of the activity in the GDP of the IV Quarter of 2024 were Extraction and refining of crude oil and natural gas with 23.8%; Commerce with 22.1%; followed by Manufacturing Industry Products with 10.6%, Agriculture and Forestry with 9.1%; Fishing with 8.4% and Other services with 8.2%.
Gross Domestic Product in the fourth quarter of 2024 totaled 23,025,128 million kwanzas (23 billion euros), of which 259,451 million kwanzas (268 million euros) corresponds to Taxes on Products net of Subsidies.
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