- Angola's economic growth for 2025 is projected 1.9 percent largely due to lower oil production and moderate growth in non-oil sector activity.
- Staff and authorities had a productive engagement on reducing Angola's vulnerabilities to oil shocks while meeting development needs and social expectations.
- Angola's Article IV consultation is expected to be discussed at the Executive Board of the International Monetary Fund (IMF) in February 2025.
Luanda, Angola: An IMF team lead by Ms. Mika Saito held Angola's 2025 Article IV consultation discussions during December 1-16. Angola's economic growth slowed in 2025 largely due to lower oil prices, production, and moderate growth in non-oil sector activity. Real GDP growth is projected at 1.9 percent, a decline from 4.4 percent in 2024. While inflation remains elevated, inflationary pressures continued to ease and is now projected to end 2025 at 17.2 percent. Growth is projected to remain subdued at 2.0 percent in 2026, with a gradual recovery over the medium-term dependent on progress in economic diversification, while inflation is expected to continue its gradual decline. Near-term financing pressures remain elevated with sizable debt service. The 2026 budget reflects the authorities' strong resolve in adjusting expenditures and containing emerging risks to preserve macroeconomic stability and debt sustainability, while aiming to protect the most vulnerable and growth momentum. The IMF team thanks the authorities for their productive engagement and hospitality. Angola's 2025 Article IV consultation is expected to be discussed at the IMF Executive Board in February 2026.
