Angola’s economy grew by 2.4% in the first quarter of this year, driven by the positive performance rate of 1.9% in the oil sector and 2.8% in the non-oil sector.
The statistics were announced by minister of Economy and Planning, Mário Caetano, while speaking to the press on the sidelines of the 5th Ordinary Session of the Economic Commission of the Cabinet Council, chaired by the head of State João Lourenço last week.
Also read: Angola plans railway connection with Namibia
Mário Caetano said the same growth expectation remains until the 2022 forecasts, at a rate of 2.7%, similarly influenced by the oil sectors at 2.1% and non-oil in 3,2%.
He also underlined that in the first quarter of this year the National Development Plan (PDN 2018-2022) had an execution performance of 45.92%.
In cumulative terms, until the first quarter of 2022, the PDN execution rate stands at 69.53%.
According to the official, this is the last quarterly report of the PND, whose data will be compiled in the global document of the PND 2018-2022, that will be approved and which will reflect what has been the executive action of the Government over the last five years.
The 2018-2022 National Development Plan (PDN) is the second medium-term planning exercise carried out within the framework of the national planning system.
The period of implementation of the PDN 2018-2022 is marked by the correction of macro-economic imbalances caused by the financial, economic and foreign exchange crisis.