Economic Report of Angola 2011

We now know the official balance sheets in terms of growth of the Angolan economy in 2011: from a projected rate of 7.6% at the beginning of the year, it moved, after a correction in mid-year, to 3.6% and the latest estimates give account of an actual value of 3.1%. For 2012, official estimates put the real rate of GDP growth at 9.8%, surrounded by high uncertainty, many are the risks of global economic recession. Growth decrease occurred in 2009, 2010 and 2011 will certainly influence the growth trend rate – about 15% between 2002 and 2008 – but there still is a good and safe margin for improvement. Therefore, in terms of growth the country is on track. Because growth is what economies should ensure, that is why they exist.

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