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This 2016 Article IV Consultation highlights that the oil price shock that started in mid-2014 has substantially reduced Angola’s fiscal revenue and exports. Growth was estimated to come to a halt in 2016, with the nonoil sector contracting by 0.5 percent, dragged down by the industrial, construction, and services sectors. Industrial production, despite the potential for import substitution, was constrained by shortages of imported inputs owing to limited availability of foreign exchange. The current account deficit, which peaked at 10 percent of GDP in 2015, is projected to be halved in 2016–17, as imports continue adjusting to limited availability of foreign exchange.

International Monetary Fund --- Angola --- Anghūlā --- Colónia de Angola (Portugal) --- Estado de Angola (Portugal) --- Narodnai︠a︡ Respublika Angoly --- People's Republic of Angola --- Portugiesisch Westafrika --- Portuguese West Africa --- Province d'Angola (Portugal) --- Província de Angola (Portugal) --- R.P.A. --- Republic of Angola --- República de Angola --- República Popular de Angola --- République populaire d'Angola --- RPA --- Volksrepublik Angola --- Angola (Revolutionary government in exile, 1962-1975) --- Economic conditions. --- Economic policy. --- Banks and Banking --- Exports and Imports --- Foreign Exchange --- Macroeconomics --- Public Finance --- Finance: General --- Energy: Demand and Supply --- Prices --- International Lending and Debt Problems --- Debt --- Debt Management --- Sovereign Debt --- Fiscal Policy --- International economics --- Public finance & taxation --- Currency --- Foreign exchange --- Banking --- Finance --- Oil prices --- Public debt --- External debt --- Exchange rates --- Fiscal stance --- Fiscal policy --- Debts, External --- Debts, Public