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Angola GDP Growth Picks Up to 4-Year High

Angola GDP Growth Picks Up to 4-Year High
AI Summary

Angola's economy grew by 8.74% in the second quarter of 2026, reaching a four-year high. Growth was primarily driven by the non-oil sector, including mining, manufacturing, and financial services.

Why it matters

Strong economic performance in Angola suggests successful diversification efforts away from total reliance on oil exports.

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AOGDPYY Angola's economy expanded 8.74% year-on-year in Q2 2026, marking its strongest growth since Q2 2022 and accelerating from 5.32% in the previous quarter.

The non-oil sector remained the main driver, expanding 9.24%, after a 6.22% advance in Q1, while the oil sector grew 5.64%, rebounding from a 0.21% contraction in the previous quarter.

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