Luanda, Sept. 15, 2025 (Lusa) - The Angolan economy grew by 4.4% in 2024, driven by growth in the non-oil sector (5%), during which time revenues totalled 25.31 billion kwanzas (€23.5 billion), the government announced on Monday.
The data are contained in the General State Account (CGE) for the 2024 financial year, reviewed at an extraordinary session of the Council of Ministers, chaired by Angolan President João Lourenço.
In a press release issued at the end of the meeting, the government said that the data indicate a strengthening of real growth in the domestic economy in 2024, "after a more modest performance in 2023, as the economy recorded a growth rate of 4.4%, driven by a combination of 5.07% growth in the non-oil sector and a 2.84% recovery in the oil sector".
Regarding budget execution performance, in 2024, revenues collected totalled approximately 25.31 billion kwanzas (€23.5 billion).
The inflation rate at the end of 2024 stood at 27.05%, the exchange rate remained stable, staying at around 800 kwanzas/dollar over several months, and the unemployment rate fell to 30.4%, "as a result of the impact of economic activity, with around one million jobs being created".
The General State Account 2024, which is now going to the National Assembly (parliament), also presents the internal and external debt issuance operations, as well as the service and stock of public debt in the period in question, reflected in the balance sheet of the Annual Debt Plan.
The document also presents the net asset value of State assets, highlighting acquisitions, amortisations and write-offs made during the period, and sets out the State's budgetary, financial and asset position, reflected in the budgetary, financial and asset balance sheets and in the statement of changes in assets.
The Angolan authorities point out that in relation to the public business sector, in 2024, the portfolio of state-owned companies and holdings in the country comprised a total of 87 companies (57 public companies, 24 public domain companies and six minority holdings), and for the purposes of aggregate assets, only public companies and public domain companies that were active and fully operational were considered, out of a total of 779 companies subject to accountability.
The 2024 General State Budget set estimated expenditure and revenue at 24.7 billion kwanzas (€22.9 billion).
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