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Analysis by Region - Emerging Markets - Angola

Publisher Oxford Economics
Published Aug 26, 2025
Length 7 Pages
SKU # OFE20418459

Description

Falling global oil prices have been a blow to Angola's oil-dependent economy this year, but the commencement of two TotalEnergies projects in Q3 2025 alleviates some of the adverse effects of the oil-price shock. These projects will gradually increase oil exports from Q3 as they ramp up towards full capacity. As we had previously anticipated a later start date for these projects, we now forecast higher real GDP growth of 1.9% in 2025, up from our earlier projection of 1.6%.

Table of Contents

7 Pages
Angola: New oil projects offer respite from oil price weakness
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Long-term prospects
Alternative long-run scenarios
Background
Economic development
Structure of the economy
Balance of payments
Policy and politics

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