Africa-Press – Angola. The Angolan economy registered growth of 3.5% in the first quarter of 2025 compared to the same period in 2024, while the variation compared to the previous quarter was 2.3%, according to data from the National Institute of Statistics (INE).
According to the INE report on quarterly accounts, “the Gross Domestic Product (GDP) registered growth of 3.5% in the first quarter of 2025 compared to the first quarter of 2024”.
In quarterly terms, between the fourth quarter of 2024 and the first quarter of 2025, considering the seasonally adjusted series, GDP grew by 2.3%.
The year-on-year expansion was driven mainly by the “extraction of diamonds, metallic minerals and other non-metallic minerals”, which registered growth of 51.4%.
The Post and Telecommunications (26.7%), Public Administration, Defense and Mandatory Social Security (14%) and Commerce (10.4%) sectors also contributed to the positive result.
On the other hand, the oil sector, which still represents the country’s main source of exports, recorded a year-on-year decrease of 4.4%. “The fall (in the oil sector) observed in the quarter under analysis was caused by the reduction in the quantities of crude oil extracted”, details the report.
The INE highlights that the activities that contributed most positively to the 2.3% growth compared to the fourth quarter of 2024 were Commerce (1.21 percentage points), Public Administration, Defense and Security (0.97 pp) and Construction (0.86 pp).
The report also highlights that “the quarterly national accounts are harmonized with the 2008 National Accounts System (SNA)” and that the objective of this statistical exercise is to “improve knowledge of the recent evolution of the Angolan economy, providing subsidies for development and investment policies in the country”.
The Angolan economy thus maintains a path of moderate recovery, despite persistent difficulties in sectors such as oil and structural limitations that affect diversification.
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