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GDP Growth and Public Finance in Angola: FY2019/20

GDP Growth and Public Finance in Angola: FY2019/20

GDP Growth and Public Finance in Angola: FY2019/20
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  • Create Date Aug 7, 2019
  • Last Updated Nov 4, 2019

GDP Growth and Public Finance in Angola: FY2019/20

Real GDP Growth in Angola declined drastically after the post-2014 international commodity crisis that led to a halving of the price of crude oil. GDP growth declined from an annual average of -0.6% from 2015 to 2017, to -1.7% in 2018. During this period the price of crude oil declined to its lowest annual average of USD 40.4 per barrel in 2016 (2015: USD 51.4 per bbl.) before recovering to USD 52.5 per barrel in 2017. The price of crude oil has continued improving to USD 70.7 per barrel in 2018 but this has not been sufficient to enable a recovery in GDP growth.

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