Africa-Press – Angola. The Angolan economy grew 4.4% in 2024, driven by growth in the non-oil sector (5%), a period in which revenues collected totaled 25.31 trillion kwanzas (27.6 billion dollars), the Government announced.
The data comes from the General State Account (CGE) for the 2024 financial year, assessed at an extraordinary session of the Council of Ministers, chaired by the Angolan President, João Lourenço.
In a press release issued at the end of the meeting, the Government stated that the data indicate a strengthening of real growth in the national economy in 2024, “after a more modest performance in 2023, as the national economy registered a growth rate of 4.4%, driven by a combination of growth in the non-oil sector of 5.07%, and the oil sector, which showed a recovery of 2.84%”.
Regarding budget execution performance, in 2024, revenue collected totaled approximately 25.31 trillion kwanzas (23.5 billion euros).
The inflation rate at the end of 2024 stood at 27.05%, the exchange rate remained stable, remaining around 800 kwanzas/dollar for several months, and the unemployment rate fell to 30.4%, “as a result of the impact of economic activity, with around one million jobs being created.”
The 2024 CGE, which now goes to the National Assembly (parliament), also presents the debt issuance operations, both internal and external, as well as the service and stock of public debt in the period in question, reflected in the balance sheet of the Annual Debt Plan.
The document also presents the net asset value of the State’s assets, highlighting the acquisitions, amortizations and write-offs made during the period, and sets out the State’s budgetary, financial and asset position, reflected in the budgetary, financial and asset balance sheets and in the statement of changes in equity.
The Angolan authorities emphasize that in relation to the public business sector, in 2024, the portfolio of companies and State holdings in the country covered a total of 87 companies (57 public companies, 24 public domain companies and six minority holdings), and for the purposes of aggregate assets, only active and fully active public companies and companies with public domain were considered, from the universe of 779 companies subject to accountability.
The 2024 General State Budget set estimated expenses and revenues at 24.7 trillion kwanzas (22.9 billion euros).
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