Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

In the fourth quarter of 2023, the unemployment rate rose 2.3 percentage points (pp) compared to the same quarter of 2022, standing at 31.9%, the highest since the Q4 2021.
According to ANPG data, oil production in January stood at 1.14 million barrels per day (mbd), 2.9% above the same month in 2023, and also above the quota that would be applied by OPEC to Angola , 1.11 mbd.
Private sector deposits fell 0.7% in January, with sector deposits in national currency rising 1.0% compared to December.

Best regards,
BFA

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