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[BUSINESS] · Angola · 5 sources

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Part of situation: Angolan macroeconomic indicators and growth (2 clusters)

Angola reports drop in unemployment and inflation

unemployment rate inflation reduction Angolan economy youth unemployment monetary stability

During a State of the Nation address in Luanda, President João Lourenço reported significant shifts in Angola’s macroeconomic indicators. The national unemployment rate fell to 21.3% in the first quarter of 2026, down from 31.5% in 2024. However, the labor market faces persistent challenges, specifically regarding youth unemployment, which reached 40.7% for those aged 15 to 24. Additionally, the number of unemployed individuals rose by 15.5% compared to the fourth quarter of 2025.

On the monetary front, inflation saw a substantial decrease, dropping from 27.5% in 2024 to 10.8% in June 2026. President Lourenço credited the National Bank of Angola for maintaining monetary stability and strengthening the banking sector. The country’s net international reserves have reached $16.2 billion, providing coverage for approximately eight months of imports.

Entities

Angola · João Lourenço · National Bank of Angola · National Institute of Statistics

Sources

Zambia claims unemployment rate falls to 9.9%, as Western Province worst hit at 20.6% [www.zambiamonitor.com]
PR destaca redução da inflação e estabilidade monetária como factores decisivos para recuperação económica [negociosemexame.ao]
Angola Unemployment Falls to 21.3% in Q1 2026, Lourenço Tells Parliament • 360 Mozambique [360mozambique.com]
Desemprego cai para 21,3% em angola, mas atinge 40,7% dos jovens - O País [jornalmz.com]
Angola's fuel subsidies spending projected to hit $4 billion in 2026, official says | International [www.devdiscourse.com]