Angola GDP Growth Rate YoY Hits 5.7% in February: Strongest Expansion in Nearly Two Years
Angola’s economy posted a robust 5.7% year-over-year GDP growth rate for February 2026, according to official data released March 6. This marks a significant rebound from the previous month and signals renewed momentum in the country’s recovery trajectory.
Big-Picture Snapshot
Drivers This Month
- Oil output recovery: +2.1pp
- Non-oil sector expansion: +1.6pp
- Public investment: +0.9pp
Policy Pulse
February’s 5.7% GDP growth rate stands well above the Banco Nacional de Angola’s medium-term target of 3.0%.
Market Lens
Angolan equities rallied on the upside surprise. The kwanza strengthened modestly, reflecting renewed investor confidence in the country’s growth prospects. Sovereign bond spreads narrowed as risk perceptions eased.Foundational Indicators
Historical Comparisons
- February 2026: 5.7%
- December 2025: 1.8%
- September 2025: 1.1%
- June 2025: 3.5%
- March 2025: 3.6%
- December 2024: 5.5%
Trend Context
February’s reading is the highest since April 2024’s 1.4%, and well above the 12-month average of 3.0%.
Data Source & Methodology
Figures are sourced from Sigmanomics and Angola’s National Institute of Statistics, using constant 2014 prices for real GDP calculations[1].
Chart Dynamics
Forward Outlook
Scenario Analysis
- Bullish (30%): Oil prices remain elevated, non-oil sectors accelerate, annual growth sustains above 4.5%.
- Base (55%): Growth moderates to the 3–4% range as oil output stabilizes and fiscal policy normalizes.
- Bearish (15%): External shocks or policy tightening slow growth below 2.5% in coming quarters.
Risks & Catalysts
Upside risks include further oil sector gains and infrastructure spending. Downside risks stem from global oil volatility and domestic inflation pressures.
Methodological Note
All projections are based on official GDP data and sectoral breakdowns from Sigmanomics and Angola’s National Institute of Statistics[1].
Closing Thoughts
Market Lens
Investors responded positively to the upside surprise in GDP growth. The kwanza’s appreciation and narrowing bond spreads reflect improved sentiment. Sustained momentum will depend on policy continuity and external demand.Policy Pulse
With growth running well above target, policymakers may weigh tighter monetary conditions to contain inflationary pressures.
Key Markets Reacting to GDP Growth Rate YoY
Angola’s strong GDP growth print has triggered notable moves across several asset classes. The local currency, sovereign bonds, and select global equities with exposure to Angola’s oil sector have all responded to the upside surprise. Below, we highlight key tradable symbols and their typical correlations with Angola’s growth data.
- USDKWZ (Forex): The kwanza strengthened against the US dollar as growth momentum improved, reducing perceived macro risk.
- XOM (Stock): ExxonMobil, a major oil operator in Angola, often sees sentiment shifts on Angolan macro data.
- BTCUSD (Crypto): Bitcoin’s correlation with Angolan growth is limited, but local demand for crypto can rise during periods of strong economic expansion.
| Year | GDP Growth Rate YoY (%) | XOM (Directional) |
|---|---|---|
| 2020 | -5.6 | Down |
| 2022 | 3.0 | Up |
| 2024 | 4.1 | Up |
| 2026 | 5.7 | Up |
Since 2020, XOM’s performance has broadly tracked major swings in Angola’s GDP growth, with stronger prints supporting positive sentiment for oil majors.
FAQ
- What is Angola’s latest GDP Growth Rate YoY?
- Angola’s GDP Growth Rate YoY for February 2026 is 5.7%, the highest level since April 2024.
- How does this growth rate compare to recent months?
- The February print of 5.7% marks a sharp acceleration from December’s 1.8% and is well above the 12-month average of 3.0%.
- What are the main drivers behind Angola’s GDP growth?
- Key contributors include a rebound in oil output, expansion in non-oil sectors, and increased public investment.
Angola’s February GDP growth rate signals a decisive shift toward economic recovery, with broad-based sectoral gains and renewed investor confidence.
Updated 3/6/26
This has been drafted with AI assistance and then thoroughly reviewed, refined, and approved by our human editorial team to ensure accuracy, and originality.
- Sigmanomics database, Angola GDP Growth Rate YoY, accessed March 6, 2026.
- Instituto Nacional de Estatística de Angola, official GDP releases, 2024–2026.









February’s 5.7% GDP growth rate sharply outpaces December’s 1.8% and the 12-month average of 3.0%. The latest print marks a 3.9 percentage point month-over-month acceleration, reversing the subdued trend seen in late 2025.
Compared to the previous six months, February’s result is a clear outlier, with the prior peak at 5.5% in December 2024. The data underscores a return to high growth after a period of stagnation.