Africa-Press – Angola. The main activities that contributed positively to the variation in GDP were oil extraction and refining, trade, fishing, diamond extraction and other mining activities, and postal services.
Angola’s Gross Domestic Product (GDP) grew by 5.5% in the third quarter of this year compared to the same period in 2023, and recorded quarterly growth of 2.94%, announced the National Institute of Statistics (INE).
According to the Quick Information Sheet (FIR) for the National Accounts for the third quarter of 2024, the value relating to the evolution in the third quarter compared to the second quarter of 2024 (2.94%) takes into account the series with seasonal adjustment.
The main activities that contributed positively to the variation in GDP in the third quarter of 2024 compared to the second quarter were oil extraction and refining (0.43 percentage points), trade (0.4 pp), fishing (0.3 pp), diamond extraction and other minerals (0.24 pp) and post and telecommunications (0.12 pp).
INE data, says Lusa, indicate that the positive accumulated variation throughout the year, in relation to the same period in 2023, is fundamentally attributed to the activities of extraction of diamonds, metallic minerals and others (36.8%), transport and storage (14.1%), fishing (11.6%), electricity and water (7.0%), trade (4.9%), other services (4.6%), agriculture (4.1%) and oil extraction and refining (4.1%).
The activities that contributed the most, in terms of participation, and were important factors for the performance of the activity in GDP in the third quarter of 2024 were extraction and refining of crude oil and natural gas with a weight of 29.3%, trade with 22.5%, agriculture and forestry (11.4%), other services (7.2%), products and manufacturing industry (8.6%) and fishing with 5.8%.
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