Angola GDP Growth Strongest in Over 9 Years 📈
Angola's economy grew by 5.5% year-over-year in Q3 2024, the strongest expansion since Q1 2015, driven by the extraction and refining of crude oil and natural gas, trade, agriculture and forestry, other services, manufacturing, and fishing sectors.
The strong economic growth in Angola, particularly in the key sectors of oil and gas, trade, and manufacturing, suggests a positive outlook for the investment portfolio. The diversified nature of the portfolio, with exposure to global and emerging markets as well as specific sectors like technology and commodities, should benefit from the overall improvement in the Angolan economy.