Luanda, May 29, 2026 (Lusa) - Angola's National Statistics Institute (INE) said on Friday that the country's gross domestic product (GDP) grew by 5.32% in the first quarter of 2026 compared to the same period in 2025, supported by a 6.22% growth rate in the non-oil sector.

The May Quick Information Sheet (a quarterly statistical report), which contains the quarterly national accounts for the first three months of 2026, shows that GDP also grew by 1.37% compared to the fourth quarter of 2025.

The oil sector contracted by 0.21% year-on-year during this period, marking the fifth consecutive quarter of decline.

The non-oil sector accounted for 84.22% of GDP, while the oil sector made up 15.78%.

Information and communication (27.63%), transport and storage (16.12%), fishing and aquaculture (8.73%), and electricity, water and sanitation production (8.15%) stood out among the activities with the highest year-on-year growth.

The primary contributors to the year-on-year GDP growth from January to March 2026 included transport and storage at 1.80 percentage points (pp), information and communication at 0.71 pp, manufacturing at 0.48 pp, and public administration, defence and social security at 0.38 pp.

GDP reached 34.02 trillion kwanzas (€31.6 billion) in the first quarter of 2026, with taxes on products net of subsidies accounting for 302.05 billion kwanzas (€28.4 million) of that total.

"Activities such as farming and livestock, trade and vehicle repair, oil extraction and refining, and public administration, defence and social security had the greatest weight in GDP and impacted the economy during this period," the document states. INE Chair Joel Futi said during the data presentation that the sectors which recorded the highest shares of GDP in the first quarter of 2026 were agriculture and livestock at 20.52%, trade at 18.76%, oil at 15.78%, and public administration at 11.63%.

NME/LYT // AYLS

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