According to the quarterly accounts report from the National Statistics Institute (INE), “the Gross Domestic Product (GDP) recorded a 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 primarily driven by “the extraction of diamonds, metallic minerals, and other non-metallic minerals,” which saw a growth of 51.4%.
Contributing to the positive outcome were also the sectors of Posts and Telecommunications (26.7%), Public Administration, Defense, and Mandatory Social Security (14%), and Trade (10.4%).
On the other hand, the oil sector, which remains the country’s main source of exports, registered a year-on-year decrease of 4.4%.
“The decline (in the oil sector) observed in the quarter under analysis was caused by a reduction in the quantities of crude oil extracted,” the report explains.
INE highlights that the activities which most positively contributed to the 2.3% growth compared to the fourth quarter of 2024 were Trade (1.21 percentage points), Public Administration, Defense, and Security (0.97 p.p.), and Construction (0.86 p.p.).
The report further emphasizes that “the quarterly national accounts are harmonized to the 2008 System of National Accounts (SNA)” and that the purpose of this statistical exercise is “to enhance the understanding of the recent evolution of the Angolan economy, providing subsidies for development and investment policies in the country.”
Thus, the Angolan economy maintains a trajectory of moderate recovery, despite persistent challenges in sectors such as oil and structural limitations affecting diversification.
