Africa-Press – Angola. The current account recorded a surplus of US$11,763.1 million in 2022, equivalent to 11.4% of GDP, a favorable performance influenced by the price of oil on the international market.
According to data on external statistics published by the National Bank of Angola (BNA), the current account recorded an improvement of 40%.
The current account registers capital inflows and outflows caused by trade in goods and services, or rather, it records the result of the trade balance, which includes exports and imports.
The 43.9% increase in exports of goods, mainly crude oil, as a result of the recovery in the price of Angolan raw materials, contributed to the favorable performance of the current account, despite the increase in imports of goods and services and the worsening of the deficit of primary and secondary income.
In 2021, the current account had a balance of USD 8,399.5 million, while in the previous year, 2020, it stood at USD 871.9 million, a value influenced by the covid-19 pandemic.
In the period under review, 2022, there was a worsening of the capital and financial account deficit, in the order of 49.4%, from USD 5,322.5 million in 2021 to USD 7,951.8 million in 2022, justified by the foreign direct investment flows.
According to the report, the net position of international investment recorded, in 2022, an improvement in its deficit by USD 9,090.2 million, as a result of the increase in financial assets, as well as the reduction of liabilities with non-residents.
Of the main assets that the country holds, reserve assets stand out, the stock of which stood at USD 14,550.4 million, by the end of 2022, the equivalent of six months of imports of goods and services, and against USD 15 508.1 million of 2021.
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